# COP Max Pain (Strike Pegger)

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

Data as of Nov 13, 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.

## COP quote

| Field | Value |
|---|---|
| Last | 142.28 |
| Change | +2.22 |
| Open | 141.60 |
| Previous | 140.06 |
| High | 142.58 |
| Low | 140.49 |
| Bid | - |
| Ask | - |
| Volume | 5,866,110 |
| Trades | - |
| Dividend | 0.93 |
| Yield | 2.74% |
| Ex-Div | Nov 16, 2026 |
| Split Date | Jun 2, 2005 |
| Impl Vol | 30.3% |
| Hist Vol | 30.6% |
| Opt Volume | 123,135 |
| Open Int | 318,420 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2026-12-31, 2027-01-15, 2027-02-19, 2027-03-19, 2027-05-21, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 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/COP.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 130.00 | 142.28 | 127.89 | 41,474 | 17,215 |
| Nov 12, 2026 | 130.00 | 140.06 | 127.80 | 41,024 | 17,089 |
| Nov 11, 2026 | 125.00 | 137.86 | 126.30 | 44,129 | 17,079 |
| Nov 10, 2026 | 125.00 | 135.59 | 126.23 | 44,374 | 16,891 |
| Nov 9, 2026 | 125.00 | 134.47 | 126.21 | 42,817 | 16,862 |
| Nov 6, 2026 | 125.00 | 136.27 | 126.14 | 42,385 | 16,740 |
| Nov 5, 2026 | 125.00 | 135.46 | 126.09 | 42,287 | 16,683 |
| Nov 4, 2026 | 125.00 | 136.94 | 126.13 | 42,274 | 16,701 |
| Nov 3, 2026 | 125.00 | 144.40 | 126.13 | 42,242 | 16,787 |
| Nov 2, 2026 | 125.00 | 146.84 | 125.52 | 42,343 | 15,005 |
| Oct 30, 2026 | 125.00 | 154.03 | 125.19 | 42,400 | 14,515 |

## Open Interest by Strike

**Strike Peg is 130.00, Bias: 127.89** (expiration Nov 20, 2026) — 8.6% below the last price of 142.28; open interest 41.47K calls / 17.22K puts (put/call 0.42).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 24 of 52 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 129.00 | 3 | 6 | 122,645 |
| 130.00 | 1,904 | 2,898 | 121,548 |
| 131.00 | 2 | 26 | 125,253 |
| 132.00 | 603 | 77 | 128,986 |
| 133.00 | 20 | 64 | 133,399 |
| 134.00 | 22 | 124 | 137,896 |
| 135.00 | 3,656 | 1,512 | 142,539 |
| 136.00 | 410 | 81 | 152,350 |
| 137.00 | 80 | 209 | 162,652 |
| 138.00 | 24 | 64 | 173,243 |
| 139.00 | 156 | 45 | 183,922 |
| 140.00 | 3,402 | 1,266 | 194,802 |
| 141.00 | 190 | 39 | 210,350 |
| 142.00 | 192 | 52 | 226,127 |
| 143.00 | 26 | 46 | 242,148 |
| 144.00 | 60 | 120 | 258,241 |
| 145.00 | 4,213 | 492 | 274,514 |
| 146.00 | 51 | 78 | 295,492 |
| 147.00 | 89 | 30 | 316,599 |
| 148.00 | 50 | 113 | 337,825 |
| 149.00 | 79 | 50 | 359,214 |
| 150.00 | 13,145 | 110 | 380,732 |
| 152.50 | 49 | 157 | 467,665 |
| 155.00 | 2,084 | 10 | 555,112 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 130.00 | 142.28 | 127.89 | 41,474 | 17,215 |
| Nov 21, 2026 | 130.00 | 142.28 | 127.89 | 41,474 | 17,215 |
| Nov 27, 2026 | 137.00 | 142.28 | 138.39 | 1,158 | 429 |
| Dec 4, 2026 | 134.00 | 142.28 | 135.27 | 1,158 | 501 |
| Dec 19, 2026 | 120.00 | 142.28 | 119.72 | 34,475 | 28,503 |
| Jan 16, 2027 | 115.00 | 142.28 | 113.96 | 46,072 | 41,208 |
| Feb 20, 2027 | 135.00 | 142.28 | 133.43 | 3,564 | 2,384 |
| Mar 20, 2027 | 130.00 | 142.28 | 130.78 | 12,820 | 9,959 |
| May 22, 2027 | 160.00 | 142.28 | 156.42 | 628 | 4,952 |
| Jun 19, 2027 | 125.00 | 142.28 | 125.57 | 9,593 | 10,909 |
| Sep 18, 2027 | 145.00 | 142.28 | 143.94 | 2,372 | 2,156 |
| Jan 22, 2028 | 115.00 | 142.28 | 114.58 | 6,841 | 6,610 |
| Jan 20, 2029 | 105.00 | 142.28 | 110.15 | 1,191 | 782 |

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

## More for COP

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

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