# ESTA Max Pain (Strike Pegger)

> ESTA 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.

## ESTA quote

| Field | Value |
|---|---|
| Last | 70.69 |
| Change | +3.46 |
| Open | 67.56 |
| Previous | 67.23 |
| High | 71.57 |
| Low | 67.56 |
| Bid | - |
| Ask | - |
| Volume | 339,839 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 58.7% |
| Hist Vol | 49.4% |
| Opt Volume | 167 |
| Open Int | 9,773 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-02-19, 2027-05-21, 2027-06-17, 2027-12-17.

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/ESTA.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 | 65.00 | 70.69 | 64.88 | 2,704 | 4,248 |
| Nov 10, 2026 | 65.00 | 67.23 | 64.88 | 2,704 | 4,249 |
| Nov 9, 2026 | 65.00 | 68.52 | 64.88 | 2,694 | 4,801 |
| Nov 6, 2026 | 65.00 | 67.02 | 64.89 | 2,692 | 4,800 |
| Nov 5, 2026 | 65.00 | 64.42 | 64.89 | 2,693 | 4,800 |
| Nov 4, 2026 | 65.00 | 66.94 | 64.89 | 2,093 | 4,800 |
| Nov 3, 2026 | 65.00 | 61.40 | 64.89 | 2,090 | 4,800 |
| Nov 2, 2026 | 65.00 | 61.07 | 64.90 | 2,089 | 5,020 |
| Oct 30, 2026 | 65.00 | 62.46 | 65.22 | 2,047 | 4,956 |

## Open Interest by Strike

**Strike Peg is 65.00, Bias: 64.88** (expiration Nov 20, 2026) — 8.0% below the last price of 70.69; open interest 2.70K calls / 4.25K puts (put/call 1.57).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 32 of 37 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 32.50 | 0 | 1 | 115,120 |
| 35.00 | 0 | 2 | 104,503 |
| 40.00 | 0 | 1 | 83,278 |
| 42.50 | 1 | 5 | 72,668 |
| 45.00 | 1 | 0 | 62,073 |
| 47.50 | 1 | 8 | 51,480 |
| 50.00 | 4 | 5 | 40,910 |
| 52.50 | 0 | 1 | 30,363 |
| 55.00 | 2 | 983 | 19,818 |
| 60.00 | 12 | 2,430 | 3,653 |
| 62.50 | 35 | 289 | 1,675 |
| 65.00 | 38 | 504 | 508 |
| 67.50 | 11 | 8 | 695 |
| 70.00 | 23 | 3 | 930 |
| 72.50 | 255 | 0 | 1,230 |
| 75.00 | 671 | 0 | 2,168 |
| 77.50 | 382 | 1 | 4,783 |
| 80.00 | 51 | 1 | 8,355 |
| 82.50 | 5 | 0 | 12,058 |
| 85.00 | 503 | 1 | 15,773 |
| 87.50 | 2 | 0 | 20,748 |
| 90.00 | 76 | 0 | 25,728 |
| 92.50 | 0 | 5 | 30,898 |
| 95.00 | 111 | 0 | 36,080 |
| 97.50 | 2 | 0 | 41,540 |
| 100.00 | 509 | 0 | 47,005 |
| 110.00 | 1 | 0 | 73,955 |
| 120.00 | 1 | 0 | 100,915 |
| 125.00 | 2 | 0 | 114,400 |
| 130.00 | 1 | 0 | 127,895 |
| 135.00 | 2 | 0 | 141,395 |
| 140.00 | 2 | 0 | 154,905 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 65.00 | 70.69 | 64.88 | 2,704 | 4,248 |
| Nov 21, 2026 | 65.00 | 70.69 | 64.88 | 2,704 | 4,248 |
| Dec 19, 2026 | 60.00 | 70.69 | 59.20 | 2,184 | 192 |
| Feb 20, 2027 | 70.00 | 70.69 | 66.08 | 184 | 55 |

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

## More for ESTA

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

---

From [Optionistics](https://www.optionistics.com), options analytics since 2005. Site map for AI agents: https://www.optionistics.com/llms.txt