# EWT Max Pain (Strike Pegger)

> EWT 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.

## EWT quote

| Field | Value |
|---|---|
| Last | 97.38 |
| Change | +0.13 |
| Open | 98.37 |
| Previous | 97.25 |
| High | 98.65 |
| Low | 95.48 |
| Bid | - |
| Ask | - |
| Volume | 8,745,282 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Nov 7, 2016 |
| Impl Vol | 45.0% |
| Hist Vol | 35.3% |
| Opt Volume | 76,079 |
| Open Int | 182,983 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-03-19, 2027-06-17, 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/EWT.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 | 100.00 | 97.38 | 99.68 | 14,155 | 24,336 |
| Nov 12, 2026 | 100.00 | 97.25 | 99.52 | 14,018 | 19,399 |
| Nov 11, 2026 | 100.00 | 100.19 | 99.37 | 13,265 | 18,743 |
| Nov 10, 2026 | 100.00 | 94.68 | 99.23 | 13,556 | 18,679 |
| Nov 9, 2026 | 101.00 | 95.65 | 99.58 | 12,764 | 19,893 |
| Nov 6, 2026 | 102.00 | 89.24 | 99.87 | 12,492 | 22,221 |
| Nov 5, 2026 | 105.00 | 85.88 | 104.08 | 10,644 | 19,773 |
| Nov 4, 2026 | 107.00 | 97.08 | 106.20 | 9,653 | 19,540 |
| Nov 3, 2026 | 108.00 | 98.27 | 106.86 | 8,904 | 18,957 |
| Nov 2, 2026 | 108.00 | 100.66 | 107.66 | 8,200 | 17,736 |
| Oct 30, 2026 | 109.00 | 101.11 | 108.87 | 7,244 | 14,154 |

## Open Interest by Strike

**Strike Peg is 100.00, Bias: 99.68** (expiration Nov 20, 2026) — 2.7% above the last price of 97.38; open interest 14.16K calls / 24.34K puts (put/call 1.72).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 18 of 40 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 88.00 | 0 | 1,307 | 144,009 |
| 89.00 | 0 | 8 | 125,364 |
| 90.00 | 811 | 7,447 | 106,727 |
| 93.00 | 186 | 812 | 75,590 |
| 94.00 | 6 | 582 | 66,209 |
| 95.00 | 2,054 | 1,599 | 57,416 |
| 96.00 | 384 | 782 | 52,276 |
| 97.00 | 60 | 837 | 48,302 |
| 98.00 | 62 | 855 | 45,225 |
| 99.00 | 70 | 543 | 43,065 |
| 100.00 | 162 | 1,460 | 41,518 |
| 101.00 | 798 | 322 | 41,593 |
| 102.00 | 497 | 268 | 42,788 |
| 103.00 | 541 | 1,001 | 44,748 |
| 104.00 | 66 | 73 | 48,250 |
| 105.00 | 973 | 359 | 51,891 |
| 106.00 | 39 | 242 | 56,864 |
| 107.00 | 461 | 359 | 62,118 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 100.00 | 97.38 | 99.68 | 14,155 | 24,336 |
| Nov 21, 2026 | 100.00 | 97.38 | 99.68 | 14,155 | 24,336 |
| Dec 19, 2026 | 100.00 | 97.38 | 100.32 | 24,480 | 15,677 |
| Jan 16, 2027 | 100.00 | 97.38 | 96.59 | 15,612 | 65,969 |
| Mar 20, 2027 | 98.00 | 97.38 | 96.09 | 1,669 | 10,499 |
| Jun 19, 2027 | 107.00 | 97.38 | 100.05 | 78 | 918 |
| Jan 22, 2028 | 100.00 | 97.38 | 96.19 | 2,742 | 6,520 |
| Jan 20, 2029 | 55.00 | 97.38 | 61.16 | 288 | 40 |

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

## More for EWT

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

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