# CTMX Max Pain (Strike Pegger)

> CTMX 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.

## CTMX quote

| Field | Value |
|---|---|
| Last | 2.04 |
| Change | +0.00 |
| Open | 2.02 |
| Previous | 2.04 |
| High | 2.13 |
| Low | 1.96 |
| Bid | - |
| Ask | - |
| Volume | 2,724,696 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 148.9% |
| Hist Vol | 80.9% |
| Opt Volume | 776 |
| Open Int | 23,834 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-02-19, 2027-05-21, 2028-01-21.

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/CTMX.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 | 4.00 | 2.04 | 3.80 | 2,060 | 8,707 |
| Nov 12, 2026 | 4.00 | 2.04 | 3.80 | 2,063 | 8,705 |
| Nov 11, 2026 | 4.00 | 2.13 | 3.80 | 2,062 | 8,740 |
| Nov 10, 2026 | 4.00 | 1.98 | 3.80 | 2,062 | 8,740 |
| Nov 9, 2026 | 4.00 | 1.98 | 3.78 | 2,213 | 8,876 |
| Nov 6, 2026 | 4.00 | 2.19 | 3.79 | 2,256 | 14,192 |
| Nov 5, 2026 | 4.00 | 2.14 | 3.79 | 2,242 | 14,137 |
| Nov 4, 2026 | 4.00 | 2.35 | 3.78 | 2,241 | 14,135 |
| Nov 3, 2026 | 4.00 | 2.18 | 3.79 | 2,234 | 14,135 |
| Nov 2, 2026 | 4.00 | 2.23 | 3.79 | 2,234 | 14,135 |
| Oct 30, 2026 | 4.00 | 2.34 | 3.79 | 2,234 | 14,135 |

## Open Interest by Strike

**Strike Peg is 4.00, Bias: 3.80** (expiration Nov 20, 2026) — 96.1% above the last price of 2.04; open interest 2.06K calls / 8.71K puts (put/call 4.23).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 12 of 15 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.00 | 59 | 0 | 17,112 |
| 1.50 | 2 | 0 | 12,788 |
| 2.00 | 292 | 4,502 | 8,465 |
| 3.00 | 178 | 5 | 4,613 |
| 4.00 | 619 | 4,200 | 944 |
| 5.00 | 408 | 0 | 2,094 |
| 6.00 | 365 | 0 | 3,652 |
| 7.00 | 17 | 0 | 5,575 |
| 8.00 | 110 | 0 | 7,515 |
| 10.00 | 5 | 0 | 11,615 |
| 12.00 | 1 | 0 | 15,725 |
| 13.00 | 4 | 0 | 17,781 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 4.00 | 2.04 | 3.80 | 2,060 | 8,707 |
| Nov 21, 2026 | 4.00 | 2.04 | 3.80 | 2,060 | 8,707 |
| Dec 19, 2026 | 2.00 | 2.04 | 2.88 | 527 | 269 |
| Jan 16, 2027 | 3.00 | 2.04 | 3.13 | 4,527 | 649 |
| Feb 20, 2027 | 2.00 | 2.04 | 2.24 | 1,919 | 47 |
| May 22, 2027 | 2.00 | 2.04 | 1.92 | 439 | 26 |
| Jan 22, 2028 | 1.50 | 2.04 | 1.84 | 4,440 | 224 |

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

## More for CTMX

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

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