# IONX Max Pain (Strike Pegger)

> IONX 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.

## IONX quote

| Field | Value |
|---|---|
| Last | 9.91 |
| Change | -1.51 |
| Open | 10.80 |
| Previous | 11.42 |
| High | 10.95 |
| Low | 9.46 |
| Bid | - |
| Ask | - |
| Volume | 1,822,450 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Dec 9, 2025 |
| Impl Vol | 181.6% |
| Hist Vol | 209.6% |
| Opt Volume | 364 |
| Open Int | 4,898 |

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/IONX.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 | 16.00 | 9.91 | 17.69 | 2,711 | 888 |
| Nov 12, 2026 | 16.00 | 11.42 | 18.26 | 2,679 | 931 |
| Nov 11, 2026 | 16.00 | 14.02 | 18.46 | 2,672 | 936 |
| Nov 10, 2026 | 16.00 | 14.80 | 18.30 | 2,716 | 932 |
| Nov 9, 2026 | 17.00 | 15.18 | 18.96 | 2,672 | 952 |
| Nov 6, 2026 | 17.00 | 13.01 | 18.67 | 2,705 | 988 |
| Nov 5, 2026 | 19.00 | 8.99 | 20.03 | 2,517 | 1,007 |
| Nov 4, 2026 | 20.00 | 11.23 | 20.27 | 2,495 | 1,007 |
| Nov 3, 2026 | 20.00 | 11.65 | 20.68 | 2,419 | 1,005 |
| Nov 2, 2026 | 20.00 | 10.32 | 21.35 | 2,376 | 1,034 |
| Oct 30, 2026 | 20.00 | 11.80 | 21.75 | 2,350 | 1,217 |

## Open Interest by Strike

**Strike Peg is 16.00, Bias: 17.69** (expiration Nov 20, 2026) — 61.5% above the last price of 9.91; open interest 2.71K calls / 888 puts (put/call 0.33).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 59 of 67 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 5.00 | 0 | 1 | 12,166 |
| 7.00 | 5 | 0 | 10,392 |
| 8.00 | 42 | 25 | 9,510 |
| 9.00 | 23 | 6 | 8,695 |
| 10.00 | 15 | 30 | 7,909 |
| 11.00 | 82 | 26 | 7,168 |
| 12.00 | 50 | 18 | 6,535 |
| 13.00 | 28 | 27 | 5,970 |
| 14.00 | 44 | 31 | 5,460 |
| 15.00 | 81 | 210 | 5,025 |
| 16.00 | 230 | 43 | 4,881 |
| 17.00 | 159 | 59 | 5,010 |
| 18.00 | 93 | 5 | 5,357 |
| 19.00 | 18 | 14 | 5,802 |
| 20.00 | 469 | 80 | 6,279 |
| 21.00 | 29 | 6 | 7,305 |
| 22.00 | 11 | 9 | 8,366 |
| 23.00 | 16 | 10 | 9,447 |
| 24.00 | 40 | 210 | 10,554 |
| 25.00 | 30 | 32 | 11,911 |
| 26.00 | 29 | 9 | 13,330 |
| 27.00 | 9 | 0 | 14,787 |
| 28.00 | 6 | 0 | 16,253 |
| 29.00 | 2 | 0 | 17,725 |
| 30.00 | 34 | 12 | 19,199 |
| 31.00 | 12 | 0 | 20,719 |
| 32.00 | 4 | 0 | 22,251 |
| 33.00 | 13 | 0 | 23,787 |
| 35.00 | 95 | 3 | 26,885 |
| 36.00 | 10 | 0 | 28,532 |
| 37.00 | 0 | 5 | 30,189 |
| 39.00 | 5 | 0 | 33,513 |
| 40.00 | 22 | 16 | 35,180 |
| 41.00 | 9 | 0 | 36,885 |
| 42.00 | 10 | 0 | 38,599 |
| 43.00 | 3 | 0 | 40,323 |
| 45.00 | 33 | 1 | 43,777 |
| 46.00 | 7 | 0 | 45,538 |
| 50.00 | 8 | 0 | 52,610 |
| 55.00 | 2 | 0 | 61,490 |
| 60.00 | 43 | 0 | 70,380 |
| 65.00 | 16 | 0 | 79,485 |
| 70.00 | 312 | 0 | 88,670 |
| 75.00 | 32 | 0 | 99,415 |
| 80.00 | 6 | 0 | 110,320 |
| 85.00 | 5 | 0 | 121,255 |
| 90.00 | 6 | 0 | 132,215 |
| 95.00 | 8 | 0 | 143,205 |
| 100.00 | 19 | 0 | 154,235 |
| 105.00 | 1 | 0 | 165,360 |
| 110.00 | 8 | 0 | 176,490 |
| 115.00 | 9 | 0 | 187,660 |
| 120.00 | 30 | 0 | 198,875 |
| 125.00 | 1 | 0 | 210,240 |
| 130.00 | 1 | 0 | 221,610 |
| 135.00 | 1 | 0 | 232,985 |
| 140.00 | 7 | 0 | 244,365 |
| 145.00 | 5 | 0 | 255,780 |
| 150.00 | 423 | 0 | 267,220 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 16.00 | 9.91 | 17.69 | 2,711 | 888 |
| Nov 21, 2026 | 16.00 | 9.91 | 17.69 | 2,711 | 888 |
| Dec 19, 2026 | 8.00 | 9.91 | 10.50 | 288 | 40 |
| Feb 20, 2027 | 20.00 | 9.91 | 26.31 | 376 | 368 |
| May 22, 2027 | 13.00 | 9.91 | 15.31 | 169 | 58 |

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

## More for IONX

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

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