# Strike Pegger for GDX

> Max Pain© chart for GDX: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 9, 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.

## GDX quote

| Field | Value |
|---|---|
| Last | 91.46 |
| Change | +3.86 |
| Open | 90.12 |
| Previous | 87.60 |
| High | 92.02 |
| Low | 89.90 |
| Bid | - |
| Ask | - |
| Volume | 30,989,404 |
| Trades | - |
| Dividend | 0.06 |
| Yield | 0.26% |
| Ex-Div | Dec 19, 2016 |
| Split Date | - |
| Impl Vol | 47.4% |
| Hist Vol | 48.0% |
| Opt Volume | 148,291 |
| Open Int | 2,643,334 |

Expiration: Nov 11, 2026. No daily peg history is stored for this expiration; pegs are kept for the expirations listed under By Expiration.

All expirations: 2026-11-11, 2026-11-13, 2026-11-16, 2026-11-18, 2026-11-20, 2026-11-23, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-03-19, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2028-06-16, 2028-12-15, 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/GDX.md?expiration=2026-11-13`.

## Open Interest by Strike

**Strike Peg is 85.00, Bias: 83.84** (expiration Nov 11, 2026) — 7.1% below the last price of 91.46; open interest 29.80K calls / 12.31K puts (put/call 0.41).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 31 of 78 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 82.50 | 128 | 30 | 16,775 |
| 83.00 | 375 | 74 | 15,594 |
| 83.50 | 115 | 134 | 14,637 |
| 84.00 | 174 | 511 | 13,804 |
| 84.50 | 653 | 77 | 13,314 |
| 85.00 | 186 | 369 | 13,189 |
| 85.50 | 42 | 35 | 13,342 |
| 86.00 | 116 | 1,370 | 13,533 |
| 86.50 | 190 | 33 | 14,467 |
| 87.00 | 1,377 | 326 | 15,512 |
| 87.50 | 201 | 16 | 17,409 |
| 88.00 | 387 | 24 | 19,415 |
| 88.50 | 3,438 | 54 | 21,626 |
| 89.00 | 470 | 8 | 25,583 |
| 89.50 | 8,578 | 101 | 29,779 |
| 90.00 | 202 | 17 | 38,314 |
| 90.50 | 118 | 66 | 46,959 |
| 91.00 | 724 | 52 | 55,696 |
| 91.50 | 32 | 8 | 64,821 |
| 92.00 | 1,284 | 13 | 73,966 |
| 92.50 | 8,365 | 0 | 83,760 |
| 93.00 | 2 | 12 | 97,736 |
| 93.50 | 46 | 0 | 111,719 |
| 94.00 | 3 | 0 | 125,725 |
| 94.50 | 122 | 0 | 139,732 |
| 95.00 | 852 | 0 | 153,801 |
| 96.00 | 492 | 0 | 182,790 |
| 97.00 | 64 | 0 | 212,271 |
| 98.00 | 81 | 0 | 241,816 |
| 99.00 | 4 | 0 | 271,442 |
| 100.00 | 1 | 0 | 301,072 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 83.00 | 91.46 | 82.51 | 29,487 | 9,704 |
| Nov 20, 2026 | 92.50 | 91.46 | 87.42 | 43,764 | 104,852 |
| Nov 21, 2026 | 86.50 | 91.46 | 85.82 | 100,326 | 164,806 |
| Nov 27, 2026 | 83.00 | 91.46 | 83.12 | 8,792 | 6,297 |
| Dec 19, 2026 | 85.00 | 91.46 | 77.92 | 302,244 | 309,744 |
| Jan 16, 2027 | 90.00 | 91.46 | 85.24 | 260,247 | 345,626 |
| Mar 20, 2027 | 86.00 | 91.46 | 88.61 | 81,384 | 107,339 |
| Jun 19, 2027 | 86.00 | 91.46 | 85.33 | 100,244 | 139,453 |
| Sep 18, 2027 | 85.00 | 91.46 | 85.96 | 11,377 | 54,083 |
| Jan 22, 2028 | 93.00 | 91.46 | 91.07 | 96,074 | 149,347 |
| Jan 20, 2029 | 85.00 | 91.46 | 84.01 | 15,330 | 13,372 |

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

## More for GDX

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

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