# DERM Max Pain (Strike Pegger)

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

Data as of Nov 10, 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.

## DERM quote

| Field | Value |
|---|---|
| Last | 4.42 |
| Change | -0.10 |
| Open | 4.54 |
| Previous | 4.52 |
| High | 4.55 |
| Low | 4.28 |
| Bid | - |
| Ask | - |
| Volume | 110,307 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 0.0% |
| Hist Vol | 69.4% |
| Opt Volume | 0 |
| Open Int | 2,308 |

Expiration: Nov 20, 2026.

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

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

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 10, 2026 | 2.50 | 4.42 | 3.61 | 257 | 28 |
| Nov 9, 2026 | 2.50 | 4.52 | 3.61 | 257 | 28 |
| Nov 6, 2026 | 2.50 | 4.47 | 3.61 | 257 | 28 |
| Nov 5, 2026 | 2.50 | 4.30 | 3.61 | 257 | 28 |
| Nov 4, 2026 | 2.50 | 4.73 | 3.61 | 257 | 28 |
| Nov 3, 2026 | 5.00 | 4.64 | 4.70 | 217 | 28 |
| Nov 2, 2026 | 5.00 | 4.79 | 4.70 | 217 | 28 |
| Oct 30, 2026 | 5.00 | 5.17 | 4.70 | 217 | 28 |

## Open Interest by Strike

**Strike Peg is 2.50, Bias: 3.61** (expiration Nov 20, 2026) — 43.4% below the last price of 4.42; open interest 257 calls / 28 puts (put/call 0.11).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 3 of 6 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 2.50 | 55 | 2 | 90 |
| 5.00 | 5 | 16 | 163 |
| 7.50 | 197 | 10 | 288 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 2.50 | 4.42 | 3.61 | 257 | 28 |
| Nov 21, 2026 | 2.50 | 4.42 | 3.61 | 257 | 28 |
| Feb 20, 2027 | 5.00 | 4.42 | 5.04 | 1,803 | 108 |

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

## More for DERM

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

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