# MMM Max Pain (Strike Pegger)

> MMM 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.

## MMM quote

| Field | Value |
|---|---|
| Last | 188.88 |
| Change | -0.49 |
| Open | 189.09 |
| Previous | 189.37 |
| High | 190.34 |
| Low | 187.83 |
| Bid | - |
| Ask | - |
| Volume | 1,647,842 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Sep 30, 2003 |
| Impl Vol | 24.4% |
| Hist Vol | 26.0% |
| Opt Volume | 4,743 |
| Open Int | 117,331 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-03-19, 2027-04-16, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2029-01-19.

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/MMM.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 180.00 | 188.88 | 178.44 | 2,185 | 2,259 |
| Nov 10, 2026 | 180.00 | 189.37 | 178.18 | 2,143 | 2,207 |
| Nov 9, 2026 | 180.00 | 188.63 | 178.15 | 2,005 | 2,137 |
| Nov 6, 2026 | 175.00 | 185.15 | 175.92 | 1,935 | 1,324 |
| Nov 5, 2026 | 175.00 | 187.77 | 174.57 | 2,016 | 1,077 |
| Nov 4, 2026 | 175.00 | 193.95 | 172.27 | 1,835 | 979 |
| Nov 3, 2026 | 172.50 | 177.05 | 171.87 | 1,825 | 898 |
| Nov 2, 2026 | 170.00 | 178.36 | 171.63 | 1,825 | 842 |
| Oct 30, 2026 | 170.00 | 174.34 | 171.62 | 1,149 | 785 |
| Oct 29, 2026 | 170.00 | 177.36 | 171.64 | 1,063 | 767 |
| Oct 28, 2026 | 170.00 | 172.80 | 171.52 | 1,040 | 745 |
| Oct 27, 2026 | 170.00 | 171.58 | 171.51 | 953 | 704 |
| Oct 26, 2026 | 170.00 | 172.79 | 169.61 | 803 | 577 |
| Oct 23, 2026 | 170.00 | 173.46 | 168.16 | 654 | 522 |

## Open Interest by Strike

**Strike Peg is 180.00, Bias: 178.44** (expiration Nov 13, 2026) — 4.7% below the last price of 188.88; open interest 2.19K calls / 2.26K puts (put/call 1.03).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 16 of 53 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 170.00 | 148 | 200 | 20,413 |
| 172.50 | 8 | 33 | 17,053 |
| 175.00 | 489 | 152 | 13,795 |
| 177.50 | 323 | 33 | 12,140 |
| 180.00 | 288 | 604 | 11,375 |
| 182.50 | 35 | 618 | 12,840 |
| 185.00 | 123 | 47 | 15,938 |
| 187.50 | 53 | 58 | 19,460 |
| 190.00 | 92 | 41 | 23,260 |
| 192.50 | 45 | 24 | 27,393 |
| 195.00 | 74 | 3 | 31,698 |
| 197.50 | 47 | 2 | 36,195 |
| 200.00 | 225 | 16 | 40,815 |
| 202.50 | 1 | 0 | 46,038 |
| 205.00 | 20 | 0 | 51,263 |
| 207.50 | 48 | 0 | 56,538 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 180.00 | 188.88 | 178.44 | 2,185 | 2,259 |
| Nov 20, 2026 | 170.00 | 188.88 | 172.12 | 14,354 | 6,061 |
| Nov 21, 2026 | 170.00 | 188.88 | 172.12 | 14,354 | 6,061 |
| Nov 27, 2026 | 180.00 | 188.88 | 179.37 | 744 | 300 |
| Dec 19, 2026 | 170.00 | 188.88 | 168.87 | 21,960 | 7,521 |
| Jan 16, 2027 | 160.00 | 188.88 | 159.35 | 16,732 | 15,427 |
| Mar 20, 2027 | 175.00 | 188.88 | 171.02 | 4,860 | 3,818 |
| Apr 17, 2027 | 175.00 | 188.88 | 172.49 | 1,180 | 509 |
| Jun 19, 2027 | 170.00 | 188.88 | 173.68 | 3,410 | 3,461 |
| Sep 18, 2027 | 180.00 | 188.88 | 173.70 | 1,690 | 1,990 |
| Jan 22, 2028 | 155.00 | 188.88 | 157.60 | 3,393 | 2,190 |
| Jan 20, 2029 | 175.00 | 188.88 | 164.82 | 291 | 291 |

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

## More for MMM

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

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