# DAL Max Pain (Strike Pegger)

> DAL 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.

## DAL quote

| Field | Value |
|---|---|
| Last | 86.55 |
| Change | -4.77 |
| Open | 90.68 |
| Previous | 91.32 |
| High | 91.04 |
| Low | 86.41 |
| Bid | - |
| Ask | - |
| Volume | 6,077,288 |
| Trades | - |
| Dividend | 0.22 |
| Yield | 1.10% |
| Ex-Div | Jan 15, 2027 (estimated, not declared yet) |
| Split Date | - |
| Impl Vol | 39.5% |
| Hist Vol | 38.2% |
| Opt Volume | 267,299 |
| Open Int | 875,387 |

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, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 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/DAL.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 | 88.00 | 86.55 | 86.15 | 29,410 | 8,607 |
| Nov 11, 2026 | 87.00 | 91.32 | 85.71 | 23,987 | 8,131 |
| Nov 10, 2026 | 87.00 | 92.20 | 85.55 | 23,963 | 7,982 |
| Nov 9, 2026 | 85.00 | 91.80 | 83.95 | 19,693 | 6,262 |
| Nov 6, 2026 | 85.00 | 87.20 | 83.84 | 15,459 | 5,905 |
| Nov 5, 2026 | 83.00 | 85.36 | 83.16 | 14,765 | 4,919 |
| Nov 4, 2026 | 80.00 | 89.24 | 79.31 | 2,461 | 3,984 |
| Nov 3, 2026 | 79.00 | 83.28 | 79.23 | 2,354 | 3,758 |
| Nov 2, 2026 | 79.00 | 83.42 | 78.83 | 2,084 | 3,254 |
| Oct 30, 2026 | 79.00 | 80.15 | 79.13 | 1,910 | 3,108 |
| Oct 29, 2026 | 79.00 | 81.64 | 79.03 | 1,788 | 2,972 |
| Oct 28, 2026 | 79.00 | 80.35 | 79.66 | 1,632 | 2,661 |
| Oct 27, 2026 | 79.00 | 81.45 | 79.66 | 1,550 | 2,572 |
| Oct 26, 2026 | 79.00 | 79.16 | 79.66 | 1,513 | 2,576 |
| Oct 23, 2026 | 79.00 | 76.78 | 79.77 | 1,489 | 2,448 |

## Open Interest by Strike

**Strike Peg is 88.00, Bias: 86.15** (expiration Nov 13, 2026) — 1.7% above the last price of 86.55; open interest 29.41K calls / 8.61K puts (put/call 0.29).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 18 of 51 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 78.00 | 79 | 354 | 47,837 |
| 79.00 | 123 | 431 | 43,097 |
| 80.00 | 150 | 401 | 38,911 |
| 81.00 | 70 | 297 | 35,276 |
| 82.00 | 228 | 309 | 32,008 |
| 83.00 | 191 | 148 | 29,277 |
| 84.00 | 320 | 102 | 26,885 |
| 85.00 | 177 | 394 | 24,915 |
| 86.00 | 221 | 164 | 23,516 |
| 87.00 | 273 | 404 | 22,502 |
| 88.00 | 677 | 604 | 22,165 |
| 89.00 | 415 | 736 | 23,109 |
| 90.00 | 5,835 | 251 | 25,204 |
| 91.00 | 5,821 | 195 | 33,385 |
| 92.00 | 2,106 | 299 | 47,582 |
| 93.00 | 538 | 152 | 64,184 |
| 94.00 | 8,239 | 323 | 81,476 |
| 95.00 | 1,649 | 20 | 107,330 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 88.00 | 86.55 | 86.15 | 29,410 | 8,607 |
| Nov 20, 2026 | 82.50 | 86.55 | 81.97 | 61,505 | 27,538 |
| Nov 21, 2026 | 82.50 | 86.55 | 81.97 | 61,505 | 27,538 |
| Nov 27, 2026 | 87.00 | 86.55 | 86.06 | 4,607 | 3,161 |
| Dec 19, 2026 | 75.00 | 86.55 | 72.92 | 474,923 | 48,721 |
| Jan 16, 2027 | 75.00 | 86.55 | 71.79 | 58,689 | 65,901 |
| Mar 20, 2027 | 80.00 | 86.55 | 76.81 | 12,354 | 16,447 |
| Jun 19, 2027 | 85.00 | 86.55 | 83.11 | 9,143 | 9,374 |
| Sep 18, 2027 | 85.00 | 86.55 | 78.81 | 3,905 | 3,707 |
| Jan 22, 2028 | 75.00 | 86.55 | 72.37 | 12,697 | 18,421 |
| Jan 20, 2029 | 75.00 | 86.55 | 70.91 | 1,369 | 1,659 |

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

## More for DAL

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

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