# IWMI Max Pain (Strike Pegger)

> IWMI 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.

## IWMI quote

| Field | Value |
|---|---|
| Last | 49.47 |
| Change | +0.32 |
| Open | 49.41 |
| Previous | 49.15 |
| High | 49.56 |
| Low | 49.25 |
| Bid | - |
| Ask | - |
| Volume | 250,632 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 29.2% |
| Hist Vol | 15.5% |
| Opt Volume | 221 |
| Open Int | 2,509 |

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/IWMI.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 | 50.00 | 49.47 | 50.28 | 920 | 683 |
| Nov 10, 2026 | 50.00 | 49.15 | 50.27 | 922 | 666 |
| Nov 9, 2026 | 50.00 | 49.36 | 50.30 | 915 | 681 |
| Nov 6, 2026 | 50.00 | 48.04 | 50.24 | 993 | 684 |
| Nov 5, 2026 | 50.00 | 47.68 | 50.23 | 1,013 | 664 |
| Nov 4, 2026 | 50.00 | 49.52 | 50.23 | 1,013 | 643 |
| Nov 3, 2026 | 50.00 | 48.94 | 50.23 | 1,012 | 645 |
| Nov 2, 2026 | 50.00 | 48.78 | 50.23 | 1,010 | 662 |
| Oct 30, 2026 | 50.00 | 48.89 | 50.25 | 1,007 | 657 |

## Open Interest by Strike

**Strike Peg is 50.00, Bias: 50.28** (expiration Nov 20, 2026) — 1.1% above the last price of 49.47; open interest 920 calls / 683 puts (put/call 0.74).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 18 of 23 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 35.00 | 0 | 3 | 9,050 |
| 38.00 | 0 | 5 | 7,010 |
| 40.00 | 0 | 2 | 5,660 |
| 42.00 | 0 | 2 | 4,314 |
| 43.00 | 0 | 1 | 3,643 |
| 44.00 | 0 | 34 | 2,973 |
| 45.00 | 1 | 25 | 2,337 |
| 46.00 | 0 | 7 | 1,727 |
| 47.00 | 2 | 90 | 1,124 |
| 48.00 | 5 | 203 | 613 |
| 49.00 | 26 | 165 | 310 |
| 50.00 | 248 | 56 | 198 |
| 51.00 | 54 | 47 | 390 |
| 52.00 | 262 | 37 | 683 |
| 53.00 | 290 | 3 | 1,275 |
| 55.00 | 4 | 1 | 3,045 |
| 56.00 | 7 | 1 | 3,935 |
| 60.00 | 21 | 1 | 7,527 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 50.00 | 49.47 | 50.28 | 920 | 683 |
| Nov 21, 2026 | 50.00 | 49.47 | 50.28 | 920 | 683 |
| Dec 19, 2026 | 49.00 | 49.47 | 48.53 | 71 | 69 |
| Feb 20, 2027 | 52.00 | 49.47 | 52.57 | 220 | 219 |
| May 22, 2027 | 51.00 | 49.47 | 51.03 | 166 | 161 |

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

## More for IWMI

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

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