# PCRX Max Pain (Strike Pegger)

> PCRX 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.

## PCRX quote

| Field | Value |
|---|---|
| Last | 36.49 |
| Change | +0.03 |
| Open | 36.47 |
| Previous | 36.46 |
| High | 36.50 |
| Low | 36.45 |
| Bid | - |
| Ask | - |
| Volume | 1,571,726 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 6.7% |
| Hist Vol | 50.4% |
| Opt Volume | 444 |
| Open Int | 5,497 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 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/PCRX.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 | 35.00 | 36.49 | 34.55 | 553 | 1,718 |
| Nov 9, 2026 | 35.00 | 36.46 | 34.55 | 553 | 1,718 |
| Nov 6, 2026 | 35.00 | 36.43 | 34.55 | 553 | 1,718 |
| Nov 5, 2026 | 35.00 | 36.42 | 34.55 | 553 | 1,722 |
| Nov 4, 2026 | 35.00 | 36.40 | 34.54 | 555 | 1,722 |
| Nov 3, 2026 | 35.00 | 36.39 | 34.54 | 555 | 1,722 |
| Nov 2, 2026 | 35.00 | 36.40 | 34.54 | 555 | 1,722 |
| Oct 30, 2026 | 35.00 | 36.39 | 34.54 | 556 | 1,702 |

## Open Interest by Strike

**Strike Peg is 35.00, Bias: 34.55** (expiration Nov 20, 2026) — 4.1% below the last price of 36.49; open interest 553 calls / 1.72K puts (put/call 3.11).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 11 of 16 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 12.50 | 2 | 16 | 36,365 |
| 15.00 | 0 | 89 | 32,115 |
| 17.50 | 0 | 2 | 28,088 |
| 20.00 | 9 | 1 | 24,065 |
| 25.00 | 4 | 10 | 16,070 |
| 27.50 | 29 | 5 | 12,108 |
| 30.00 | 76 | 2 | 8,230 |
| 32.50 | 6 | 2 | 4,548 |
| 35.00 | 4 | 1,575 | 885 |
| 37.50 | 418 | 11 | 1,170 |
| 40.00 | 5 | 5 | 2,528 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 35.00 | 36.49 | 34.55 | 553 | 1,718 |
| Nov 21, 2026 | 35.00 | 36.49 | 34.55 | 553 | 1,718 |
| Jan 16, 2027 | 30.00 | 36.49 | 29.91 | 1,196 | 320 |
| Feb 20, 2027 | 35.00 | 36.49 | 33.41 | 1,137 | 69 |
| May 22, 2027 | 35.00 | 36.49 | 32.50 | 389 | 88 |

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

## More for PCRX

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

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