# IWD Max Pain (Strike Pegger)

> IWD max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 10, 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.

## IWD quote

| Field | Value |
|---|---|
| Last | 262.64 |
| Change | +0.03 |
| Open | 261.59 |
| Previous | 262.61 |
| High | 263.11 |
| Low | 261.04 |
| Bid | - |
| Ask | - |
| Volume | 1,765,944 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 12.6% |
| Hist Vol | 11.5% |
| Opt Volume | 274 |
| Open Int | 7,318 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-02-19, 2027-05-21, 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/IWD.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 10, 2026 | 200.00 | 262.64 | 217.60 | 1,968 | 134 |
| Nov 9, 2026 | 200.00 | 262.61 | 217.60 | 1,949 | 134 |
| Nov 6, 2026 | 200.00 | 257.45 | 217.50 | 1,949 | 133 |
| Nov 5, 2026 | 200.00 | 258.38 | 217.90 | 1,876 | 135 |
| Nov 4, 2026 | 200.00 | 265.30 | 217.63 | 1,884 | 134 |
| Nov 3, 2026 | 200.00 | 258.58 | 217.50 | 1,883 | 133 |
| Nov 2, 2026 | 200.00 | 259.36 | 217.50 | 1,883 | 133 |
| Oct 30, 2026 | 200.00 | 258.65 | 217.50 | 1,888 | 133 |

## Open Interest by Strike

**Strike Peg is 200.00, Bias: 217.60** (expiration Nov 20, 2026) — 23.9% below the last price of 262.64; open interest 1.97K calls / 134 puts (put/call 0.07).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 20 of 38 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 145.00 | 0 | 1 | 12,886 |
| 185.00 | 0 | 1 | 7,566 |
| 190.00 | 10 | 0 | 6,906 |
| 195.00 | 87 | 0 | 6,296 |
| 196.00 | 0 | 1 | 6,261 |
| 200.00 | 40 | 2 | 6,125 |
| 205.00 | 38 | 0 | 6,165 |
| 210.00 | 0 | 10 | 6,395 |
| 215.00 | 1 | 10 | 6,675 |
| 220.00 | 0 | 1 | 7,010 |
| 225.00 | 20 | 3 | 7,350 |
| 230.00 | 11 | 3 | 7,805 |
| 235.00 | 10 | 3 | 8,330 |
| 240.00 | 19 | 3 | 8,920 |
| 245.00 | 1 | 13 | 9,620 |
| 250.00 | 13 | 45 | 10,390 |
| 255.00 | 30 | 37 | 11,450 |
| 260.00 | 58 | 1 | 12,845 |
| 265.00 | 1,615 | 0 | 14,535 |
| 270.00 | 15 | 0 | 24,300 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 200.00 | 262.64 | 217.60 | 1,968 | 134 |
| Nov 21, 2026 | 200.00 | 262.64 | 217.60 | 1,968 | 134 |
| Jan 16, 2027 | 205.00 | 262.64 | 201.62 | 1,482 | 779 |
| Feb 20, 2027 | 235.00 | 262.64 | 236.61 | 264 | 71 |
| May 22, 2027 | 230.00 | 262.64 | 233.11 | 181 | 49 |
| Jan 22, 2028 | 230.00 | 262.64 | 223.02 | 1,819 | 438 |

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

## More for IWD

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

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