# IWF Max Pain (Strike Pegger)

> IWF 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.

## IWF quote

| Field | Value |
|---|---|
| Last | 114.02 |
| Change | -0.99 |
| Open | 113.90 |
| Previous | 115.01 |
| High | 115.10 |
| Low | 112.74 |
| Bid | - |
| Ask | - |
| Volume | 5,356,068 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Apr 29, 2026 |
| Impl Vol | 26.8% |
| Hist Vol | 19.3% |
| Opt Volume | 789 |
| Open Int | 23,185 |

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/IWF.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 | 120.00 | 114.02 | 115.06 | 6,121 | 1,675 |
| Nov 9, 2026 | 120.00 | 115.01 | 115.06 | 6,303 | 1,695 |
| Nov 6, 2026 | 120.00 | 111.75 | 115.27 | 6,316 | 1,700 |
| Nov 5, 2026 | 120.00 | 110.36 | 115.80 | 6,377 | 1,722 |
| Nov 4, 2026 | 120.00 | 117.90 | 115.78 | 6,433 | 1,726 |
| Nov 3, 2026 | 120.00 | 117.44 | 115.78 | 6,444 | 1,726 |
| Nov 2, 2026 | 120.00 | 116.22 | 115.79 | 6,505 | 1,726 |
| Oct 30, 2026 | 120.00 | 117.61 | 114.70 | 6,578 | 1,731 |

## Open Interest by Strike

**Strike Peg is 120.00, Bias: 115.06** (expiration Nov 20, 2026) — 5.2% above the last price of 114.02; open interest 6.12K calls / 1.68K puts (put/call 0.27).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 16 of 80 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 103.75 | 4 | 0 | 10,828 |
| 105.00 | 4 | 0 | 8,794 |
| 107.50 | 0 | 1,134 | 4,736 |
| 108.75 | 0 | 7 | 4,125 |
| 110.00 | 60 | 32 | 3,523 |
| 111.25 | 0 | 228 | 3,035 |
| 112.50 | 2 | 1 | 2,833 |
| 113.75 | 0 | 3 | 2,634 |
| 115.00 | 9 | 15 | 2,439 |
| 116.25 | 1 | 13 | 2,274 |
| 117.50 | 4 | 62 | 2,126 |
| 118.75 | 0 | 23 | 2,061 |
| 120.00 | 10 | 128 | 2,025 |
| 122.50 | 47 | 0 | 2,298 |
| 123.75 | 50 | 3 | 2,493 |
| 125.00 | 159 | 0 | 2,754 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 120.00 | 114.02 | 115.06 | 6,121 | 1,675 |
| Nov 21, 2026 | 120.00 | 114.02 | 115.06 | 6,121 | 1,675 |
| Dec 19, 2026 | 107.50 | 114.02 | 106.85 | 4,757 | 2,178 |
| Feb 20, 2027 | 110.00 | 114.02 | 108.47 | 3,480 | 2,090 |
| May 22, 2027 | 114.00 | 114.02 | 113.04 | 2,730 | 154 |

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

## More for IWF

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

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