# CBRX Max Pain (Strike Pegger)

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

Data as of Nov 11, 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.

## CBRX quote

| Field | Value |
|---|---|
| Last | 2.24 |
| Change | +0.29 |
| Open | 2.15 |
| Previous | 1.95 |
| High | 2.33 |
| Low | 2.03 |
| Bid | - |
| Ask | - |
| Volume | 2,983,227 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 225.0% |
| Hist Vol | 224.3% |
| Opt Volume | 111 |
| Open Int | 3,387 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-03-19, 2027-06-17.

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/CBRX.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 3.00 | 2.24 | 4.07 | 486 | 338 |
| Nov 10, 2026 | 3.00 | 1.95 | 4.01 | 502 | 340 |
| Nov 9, 2026 | 3.00 | 2.07 | 4.05 | 502 | 370 |
| Nov 6, 2026 | 3.00 | 1.79 | 4.10 | 496 | 364 |
| Nov 5, 2026 | 3.00 | 1.49 | 4.12 | 478 | 328 |
| Nov 4, 2026 | 3.00 | 1.92 | 4.15 | 479 | 288 |
| Nov 3, 2026 | 3.00 | 2.19 | 3.99 | 519 | 290 |
| Nov 2, 2026 | 4.00 | 2.12 | 4.71 | 397 | 286 |
| Oct 30, 2026 | 4.00 | 2.77 | 4.77 | 396 | 293 |

## Open Interest by Strike

**Strike Peg is 3.00, Bias: 4.07** (expiration Nov 20, 2026) — 33.9% above the last price of 2.24; open interest 486 calls / 338 puts (put/call 0.70).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 14 of 18 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.00 | 13 | 0 | 1,152 |
| 2.00 | 89 | 100 | 827 |
| 3.00 | 124 | 37 | 691 |
| 4.00 | 47 | 38 | 716 |
| 5.00 | 115 | 81 | 826 |
| 6.00 | 8 | 4 | 1,132 |
| 7.00 | 22 | 51 | 1,450 |
| 8.00 | 14 | 6 | 1,841 |
| 9.00 | 2 | 19 | 2,252 |
| 10.00 | 11 | 1 | 2,684 |
| 11.00 | 10 | 0 | 3,128 |
| 12.00 | 11 | 1 | 3,582 |
| 15.00 | 18 | 0 | 4,980 |
| 18.00 | 2 | 0 | 6,432 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 3.00 | 2.24 | 4.07 | 486 | 338 |
| Nov 21, 2026 | 3.00 | 2.24 | 4.07 | 486 | 338 |
| Dec 19, 2026 | 3.00 | 2.24 | 3.89 | 834 | 69 |
| Mar 20, 2027 | 6.00 | 2.24 | 5.47 | 760 | 371 |
| Jun 19, 2027 | 1.00 | 2.24 | 1.97 | 484 | 45 |

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

## More for CBRX

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

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