# CBRS Max Pain (Strike Pegger)

> CBRS max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 12, 2026 (end of day).

Max Pain© analysis: the peg is the strike where call and put writers' aggregate liability is minimized; the target price (bias) is where call and put liability converge.

## CBRS quote

| Field | Value |
|---|---|
| Last | 97.75 |
| Change | -3.33 |
| Open | 96.70 |
| Previous | 101.08 |
| High | 104.05 |
| Low | 93.87 |
| Bid | - |
| Ask | - |
| Volume | 12,832,711 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 144.5% |
| Hist Vol | 110.4% |
| Opt Volume | 73,708 |
| Open Int | 380,905 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2026-12-31, 2027-01-15, 2027-03-19, 2027-04-16, 2027-06-17, 2028-01-21, 2028-06-16, 2028-12-15, 2029-01-19.

Change the view with query parameters: `expiration` (YYYY-MM-DD, the daily history and the by-strike profile), `date` (an earlier session). Example: `/quotes/strike-pegger/CBRS.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 12, 2026 | 97.00 | 97.75 | 102.89 | 25,145 | 33,334 |
| Nov 11, 2026 | 97.00 | 101.08 | 103.27 | 21,359 | 29,929 |
| Nov 10, 2026 | 97.00 | 93.66 | 103.59 | 19,950 | 29,044 |
| Nov 9, 2026 | 94.00 | 96.70 | 104.90 | 15,951 | 19,170 |
| Nov 6, 2026 | 95.00 | 89.68 | 106.37 | 13,501 | 12,332 |
| Nov 5, 2026 | 130.00 | 81.71 | 126.77 | 9,272 | 10,352 |
| Nov 4, 2026 | 139.00 | 91.85 | 131.02 | 8,486 | 9,152 |
| Nov 3, 2026 | 140.00 | 97.82 | 131.08 | 7,068 | 8,900 |
| Nov 2, 2026 | 145.00 | 96.36 | 139.09 | 5,891 | 6,846 |
| Oct 30, 2026 | 145.00 | 109.18 | 140.34 | 5,755 | 6,240 |
| Oct 29, 2026 | 148.00 | 115.16 | 141.45 | 5,456 | 6,157 |
| Oct 28, 2026 | 150.00 | 112.56 | 142.63 | 4,944 | 5,922 |
| Oct 27, 2026 | 150.00 | 119.31 | 145.36 | 4,068 | 5,858 |
| Oct 26, 2026 | 150.00 | 108.37 | 146.52 | 3,724 | 5,564 |
| Oct 23, 2026 | 155.00 | 110.82 | 149.25 | 3,399 | 5,469 |

## Open Interest by Strike

**Strike Peg is 97.00, Bias: 102.89** (expiration Nov 13, 2026) — 0.8% below the last price of 97.75; open interest 25.15K calls / 33.33K puts (put/call 1.33).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 20 of 134 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 88.00 | 25 | 539 | 232,025 |
| 89.00 | 211 | 73 | 219,078 |
| 90.00 | 1,761 | 4,939 | 206,415 |
| 91.00 | 299 | 424 | 200,452 |
| 92.00 | 151 | 621 | 195,212 |
| 93.00 | 1,796 | 79 | 190,744 |
| 94.00 | 160 | 56 | 188,151 |
| 95.00 | 472 | 831 | 185,774 |
| 96.00 | 339 | 66 | 184,700 |
| 97.00 | 666 | 71 | 184,031 |
| 98.00 | 126 | 164 | 184,099 |
| 99.00 | 300 | 92 | 184,457 |
| 100.00 | 1,771 | 3,058 | 185,207 |
| 101.00 | 315 | 169 | 190,786 |
| 102.00 | 210 | 143 | 196,849 |
| 103.00 | 432 | 75 | 203,265 |
| 104.00 | 147 | 25 | 210,188 |
| 105.00 | 718 | 99 | 217,283 |
| 106.00 | 342 | 41 | 225,195 |
| 107.00 | 74 | 5 | 233,490 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 97.00 | 97.75 | 102.89 | 25,145 | 33,334 |
| Nov 20, 2026 | 125.00 | 97.75 | 129.67 | 44,985 | 29,871 |
| Nov 21, 2026 | 125.00 | 97.75 | 129.67 | 44,985 | 29,871 |
| Nov 27, 2026 | 130.00 | 97.75 | 123.40 | 3,335 | 2,991 |
| Dec 19, 2026 | 115.00 | 97.75 | 118.73 | 9,630 | 8,730 |
| Jan 16, 2027 | 140.00 | 97.75 | 140.04 | 47,031 | 41,124 |
| Mar 20, 2027 | 150.00 | 97.75 | 147.96 | 15,334 | 16,592 |
| Apr 17, 2027 | 150.00 | 97.75 | 141.68 | 3,397 | 5,018 |
| Jun 19, 2027 | 170.00 | 97.75 | 163.37 | 18,899 | 17,452 |
| Jan 22, 2028 | 140.00 | 97.75 | 133.40 | 14,115 | 9,616 |
| Jan 20, 2029 | 110.00 | 97.75 | 115.55 | 4,263 | 2,186 |

Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.

## More for CBRS

- [Quote](https://www.optionistics.com/quotes/stock-quotes/CBRS.md)
- [Option chain](https://www.optionistics.com/quotes/stock-option-chains/CBRS.md)
- [Price history](https://www.optionistics.com/quotes/stock-prices/CBRS.md)
- [10 day snapshot](https://www.optionistics.com/snapshot.md?symbol=CBRS)
- [Strike Pegger (max pain)](https://www.optionistics.com/quotes/strike-pegger/CBRS.md)
- [Volatility skew](https://www.optionistics.com/screener/volatility-skew/CBRS.md)
- [Put/call ratio](https://www.optionistics.com/screener/put-call-ratio/CBRS.md)
- [Trade finder](https://www.optionistics.com/screener/stock-trade-finder/CBRS.md)

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