# NLY Max Pain (Strike Pegger)

> NLY 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.

## NLY quote

| Field | Value |
|---|---|
| Last | 18.33 |
| Change | -0.39 |
| Open | 18.64 |
| Previous | 18.72 |
| High | 18.72 |
| Low | 18.32 |
| Bid | - |
| Ask | - |
| Volume | 8,282,852 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Sep 26, 2022 |
| Impl Vol | 23.6% |
| Hist Vol | 20.8% |
| Opt Volume | 5,082 |
| Open Int | 197,874 |

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, 2027-04-16, 2027-05-21, 2027-08-20, 2027-11-19, 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/NLY.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 | 18.50 | 18.33 | 18.43 | 3,015 | 2,517 |
| Nov 10, 2026 | 18.50 | 18.72 | 18.52 | 2,971 | 2,179 |
| Nov 9, 2026 | 18.50 | 18.95 | 18.45 | 2,426 | 2,279 |
| Nov 6, 2026 | 18.50 | 18.75 | 18.51 | 1,835 | 2,093 |
| Nov 5, 2026 | 18.50 | 18.85 | 18.50 | 1,590 | 2,037 |
| Nov 4, 2026 | 18.50 | 18.93 | 18.53 | 1,078 | 1,979 |
| Nov 3, 2026 | 18.50 | 18.23 | 18.59 | 922 | 1,923 |
| Nov 2, 2026 | 18.50 | 18.49 | 18.60 | 586 | 1,871 |
| Oct 30, 2026 | 18.50 | 18.23 | 18.60 | 501 | 1,832 |
| Oct 29, 2026 | 18.50 | 18.47 | 18.61 | 459 | 1,161 |
| Oct 28, 2026 | 18.50 | 18.29 | 18.65 | 444 | 1,045 |
| Oct 27, 2026 | 18.50 | 18.34 | 18.63 | 358 | 884 |
| Oct 26, 2026 | 18.50 | 18.26 | 18.63 | 346 | 607 |
| Oct 23, 2026 | 18.50 | 18.35 | 18.54 | 352 | 571 |

## Open Interest by Strike

**Strike Peg is 18.50, Bias: 18.43** (expiration Nov 13, 2026) — 0.9% above the last price of 18.33; open interest 3.02K calls / 2.52K puts (put/call 0.83).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 24 of 31 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 13.00 | 8 | 1 | 11,987 |
| 14.00 | 8 | 1 | 9,479 |
| 14.50 | 4 | 0 | 8,229 |
| 15.00 | 5 | 0 | 6,982 |
| 15.50 | 3 | 75 | 5,737 |
| 16.00 | 7 | 27 | 4,531 |
| 16.50 | 3 | 62 | 3,342 |
| 17.00 | 9 | 695 | 2,185 |
| 17.50 | 3 | 182 | 1,381 |
| 18.00 | 96 | 710 | 669 |
| 18.50 | 524 | 618 | 360 |
| 19.00 | 1,336 | 113 | 622 |
| 19.50 | 823 | 21 | 1,608 |
| 20.00 | 124 | 0 | 3,017 |
| 20.50 | 39 | 1 | 4,487 |
| 21.00 | 20 | 1 | 5,978 |
| 21.50 | 2 | 1 | 7,479 |
| 23.00 | 0 | 2 | 11,986 |
| 24.00 | 0 | 1 | 14,993 |
| 25.00 | 0 | 1 | 18,001 |
| 25.50 | 1 | 0 | 19,506 |
| 26.50 | 0 | 1 | 22,516 |
| 27.00 | 0 | 3 | 24,021 |
| 28.00 | 0 | 1 | 27,035 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 18.50 | 18.33 | 18.43 | 3,015 | 2,517 |
| Nov 20, 2026 | 19.00 | 18.33 | 19.60 | 17,023 | 28,177 |
| Nov 21, 2026 | 19.00 | 18.33 | 19.60 | 17,023 | 28,177 |
| Nov 27, 2026 | 18.50 | 18.33 | 18.48 | 2,474 | 1,279 |
| Dec 19, 2026 | 19.00 | 18.33 | 18.60 | 7,646 | 23,643 |
| Jan 16, 2027 | 20.00 | 18.33 | 20.58 | 26,268 | 27,173 |
| Apr 17, 2027 | 20.00 | 18.33 | 20.18 | 8,364 | 9,744 |
| May 22, 2027 | 19.00 | 18.33 | 18.91 | 1,278 | 2,673 |
| Aug 21, 2027 | 20.00 | 18.33 | 19.77 | 878 | 1,026 |
| Jan 22, 2028 | 20.00 | 18.33 | 21.05 | 10,463 | 9,537 |
| Jan 20, 2029 | 18.00 | 18.33 | 17.99 | 4,292 | 715 |

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

## More for NLY

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

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