# IRD Max Pain (Strike Pegger)

> IRD 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.

## IRD quote

| Field | Value |
|---|---|
| Last | 4.31 |
| Change | +0.08 |
| Open | 4.31 |
| Previous | 4.23 |
| High | 4.52 |
| Low | 4.13 |
| Bid | - |
| Ask | - |
| Volume | 1,206,316 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 93.9% |
| Hist Vol | 76.9% |
| Opt Volume | 970 |
| Open Int | 8,130 |

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/IRD.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 | 2.50 | 4.31 | 2.80 | 5,361 | 109 |
| Nov 10, 2026 | 2.50 | 4.23 | 2.79 | 5,313 | 109 |
| Nov 9, 2026 | 2.50 | 4.20 | 3.28 | 5,323 | 141 |
| Nov 6, 2026 | 2.50 | 4.18 | 3.31 | 5,282 | 143 |
| Nov 5, 2026 | 2.50 | 4.01 | 3.31 | 5,285 | 143 |
| Nov 4, 2026 | 2.50 | 4.27 | 3.31 | 5,296 | 143 |
| Nov 3, 2026 | 2.50 | 3.93 | 3.31 | 5,315 | 143 |
| Nov 2, 2026 | 2.50 | 3.70 | 3.28 | 5,331 | 143 |
| Oct 30, 2026 | 2.50 | 3.67 | 3.28 | 5,331 | 143 |

## Open Interest by Strike

**Strike Peg is 2.50, Bias: 2.80** (expiration Nov 20, 2026) — 42.0% below the last price of 4.31; open interest 5.36K calls / 109 puts (put/call 0.02).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Every strike is listed.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 2.50 | 363 | 59 | 125 |
| 5.00 | 3,874 | 50 | 908 |
| 7.50 | 939 | 0 | 11,500 |
| 10.00 | 185 | 0 | 24,440 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 2.50 | 4.31 | 2.80 | 5,361 | 109 |
| Nov 21, 2026 | 2.50 | 4.31 | 2.80 | 5,361 | 109 |
| Feb 20, 2027 | 5.00 | 4.31 | 4.85 | 1,639 | 204 |

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

## More for IRD

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

---

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