# IREX Max Pain (Strike Pegger)

> IREX 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.

## IREX quote

| Field | Value |
|---|---|
| Last | 2.07 |
| Change | -0.32 |
| Open | 2.30 |
| Previous | 2.39 |
| High | 2.30 |
| Low | 1.88 |
| Bid | - |
| Ask | - |
| Volume | 10,423,782 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Mar 10, 2026 |
| Impl Vol | 246.8% |
| Hist Vol | 212.4% |
| Opt Volume | 1,086 |
| Open Int | 13,074 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-03-19, 2027-06-17.

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/IREX.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 | 6.00 | 2.07 | 6.48 | 4,509 | 2,208 |
| Nov 12, 2026 | 6.00 | 2.39 | 6.54 | 4,555 | 2,263 |
| Nov 11, 2026 | 6.00 | 2.74 | 6.77 | 4,478 | 2,472 |
| Nov 10, 2026 | 6.00 | 2.47 | 6.90 | 4,406 | 2,382 |
| Nov 9, 2026 | 6.00 | 2.93 | 6.83 | 4,852 | 2,107 |
| Nov 6, 2026 | 6.00 | 2.99 | 7.04 | 4,695 | 2,116 |
| Nov 5, 2026 | 7.00 | 2.14 | 7.86 | 4,339 | 2,318 |
| Nov 4, 2026 | 7.00 | 3.26 | 7.96 | 4,290 | 2,337 |
| Nov 3, 2026 | 7.00 | 4.21 | 8.01 | 4,203 | 2,346 |
| Nov 2, 2026 | 7.00 | 3.44 | 8.01 | 4,293 | 2,347 |
| Oct 30, 2026 | 7.00 | 4.10 | 8.11 | 4,183 | 2,349 |

## Open Interest by Strike

**Strike Peg is 6.00, Bias: 6.48** (expiration Nov 20, 2026) — 189.9% above the last price of 2.07; open interest 4.51K calls / 2.21K puts (put/call 0.49).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 27 of 34 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.00 | 16 | 0 | 11,622 |
| 2.00 | 34 | 153 | 9,430 |
| 3.00 | 320 | 291 | 7,425 |
| 4.00 | 64 | 195 | 6,031 |
| 5.00 | 369 | 340 | 4,896 |
| 6.00 | 681 | 366 | 4,470 |
| 7.00 | 216 | 170 | 5,091 |
| 8.00 | 1,643 | 214 | 6,098 |
| 9.00 | 33 | 109 | 8,962 |
| 10.00 | 693 | 217 | 11,968 |
| 11.00 | 20 | 50 | 15,884 |
| 12.00 | 157 | 53 | 19,870 |
| 13.00 | 16 | 27 | 24,066 |
| 14.00 | 47 | 0 | 28,305 |
| 15.00 | 50 | 7 | 32,591 |
| 16.00 | 59 | 4 | 36,934 |
| 17.00 | 8 | 0 | 41,340 |
| 18.00 | 17 | 12 | 45,754 |
| 19.00 | 1 | 0 | 50,197 |
| 20.00 | 26 | 0 | 54,641 |
| 22.00 | 19 | 0 | 63,581 |
| 24.00 | 3 | 0 | 72,559 |
| 25.00 | 5 | 0 | 77,051 |
| 30.00 | 2 | 0 | 99,536 |
| 32.00 | 1 | 0 | 108,534 |
| 33.00 | 3 | 0 | 113,034 |
| 34.00 | 6 | 0 | 117,537 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 6.00 | 2.07 | 6.48 | 4,509 | 2,208 |
| Nov 21, 2026 | 6.00 | 2.07 | 6.48 | 4,509 | 2,208 |
| Dec 19, 2026 | 16.00 | 2.07 | 14.56 | 1,836 | 2,129 |
| Mar 20, 2027 | 8.00 | 2.07 | 9.80 | 1,181 | 588 |
| Jun 19, 2027 | 5.00 | 2.07 | 6.23 | 527 | 96 |

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

## More for IREX

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

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