# IREZ Max Pain (Strike Pegger)

> IREZ 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.

## IREZ quote

| Field | Value |
|---|---|
| Last | 27.26 |
| Change | +3.32 |
| Open | 25.09 |
| Previous | 23.94 |
| High | 29.02 |
| Low | 24.99 |
| Bid | - |
| Ask | - |
| Volume | 368,148 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 224.8% |
| Hist Vol | 267.2% |
| Opt Volume | 66 |
| Open Int | 522 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-03-19, 2027-06-17, 2028-01-21.

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/IREZ.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 | 15.00 | 27.26 | 14.81 | 95 | 110 |
| Nov 12, 2026 | 15.00 | 23.94 | 14.55 | 96 | 108 |
| Nov 11, 2026 | 15.00 | 21.38 | 14.55 | 96 | 111 |
| Nov 10, 2026 | 15.00 | 23.92 | 14.55 | 91 | 111 |
| Nov 9, 2026 | 15.00 | 20.78 | 14.55 | 88 | 111 |
| Nov 6, 2026 | 15.00 | 20.12 | 14.38 | 88 | 91 |
| Nov 5, 2026 | 15.00 | 33.81 | 14.27 | 89 | 91 |
| Nov 4, 2026 | 15.00 | 25.24 | 14.27 | 74 | 91 |
| Nov 3, 2026 | 15.00 | 20.55 | 14.14 | 76 | 82 |
| Nov 2, 2026 | 15.00 | 26.56 | 14.14 | 73 | 78 |
| Oct 30, 2026 | 15.00 | 22.77 | 14.19 | 72 | 79 |

## Open Interest by Strike

**Strike Peg is 15.00, Bias: 14.81** (expiration Nov 20, 2026) — 45.0% below the last price of 27.26; open interest 95 calls / 110 puts (put/call 1.16).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 24 of 43 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 5.00 | 0 | 10 | 908 |
| 6.00 | 0 | 2 | 808 |
| 7.00 | 2 | 2 | 710 |
| 9.00 | 0 | 1 | 522 |
| 10.00 | 4 | 6 | 429 |
| 11.00 | 2 | 5 | 346 |
| 12.00 | 4 | 5 | 270 |
| 13.00 | 0 | 14 | 203 |
| 14.00 | 3 | 3 | 150 |
| 15.00 | 3 | 51 | 103 |
| 16.00 | 13 | 2 | 110 |
| 17.00 | 1 | 1 | 132 |
| 18.00 | 7 | 2 | 156 |
| 19.00 | 15 | 0 | 189 |
| 20.00 | 2 | 5 | 237 |
| 21.00 | 8 | 0 | 292 |
| 22.00 | 1 | 0 | 355 |
| 23.00 | 1 | 0 | 419 |
| 24.00 | 2 | 1 | 484 |
| 25.00 | 12 | 0 | 552 |
| 26.00 | 3 | 0 | 632 |
| 27.00 | 5 | 0 | 715 |
| 28.00 | 2 | 0 | 803 |
| 43.00 | 5 | 0 | 2,153 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 15.00 | 27.26 | 14.81 | 95 | 110 |
| Nov 21, 2026 | 15.00 | 27.26 | 14.81 | 95 | 110 |
| Dec 19, 2026 | 6.00 | 27.26 | 12.43 | 140 | 18 |
| Jan 16, 2027 | 6.00 | 27.26 | 10.29 | 45 | 2 |

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

## More for IREZ

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

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