# PFF Max Pain (Strike Pegger)

> PFF 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.

## PFF quote

| Field | Value |
|---|---|
| Last | 28.31 |
| Change | +0.09 |
| Open | 28.24 |
| Previous | 28.22 |
| High | 28.41 |
| Low | 28.20 |
| Bid | - |
| Ask | - |
| Volume | 3,833,818 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 13.2% |
| Hist Vol | 8.0% |
| Opt Volume | 97 |
| Open Int | 15,049 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16.

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/PFF.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 | 29.00 | 28.31 | 28.89 | 713 | 3,216 |
| Nov 10, 2026 | 29.00 | 28.22 | 28.90 | 709 | 3,112 |
| Nov 9, 2026 | 29.00 | 28.60 | 28.89 | 709 | 3,084 |
| Nov 6, 2026 | 29.00 | 28.26 | 28.89 | 723 | 3,098 |
| Nov 5, 2026 | 29.00 | 28.14 | 28.93 | 745 | 3,540 |
| Nov 4, 2026 | 29.00 | 28.72 | 28.94 | 736 | 3,546 |
| Nov 3, 2026 | 29.00 | 28.28 | 28.95 | 727 | 3,488 |
| Nov 2, 2026 | 29.00 | 28.26 | 28.99 | 673 | 3,032 |
| Oct 30, 2026 | 29.00 | 28.47 | 28.99 | 664 | 2,933 |

## Open Interest by Strike

**Strike Peg is 29.00, Bias: 28.89** (expiration Nov 20, 2026) — 2.4% above the last price of 28.31; open interest 713 calls / 3.22K puts (put/call 4.51).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 6 of 21 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 26.00 | 0 | 44 | 6,952 |
| 27.00 | 0 | 435 | 3,780 |
| 28.00 | 180 | 1,744 | 1,043 |
| 29.00 | 343 | 943 | 230 |
| 30.00 | 189 | 50 | 703 |
| 31.00 | 1 | 0 | 1,415 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 29.00 | 28.31 | 28.89 | 713 | 3,216 |
| Nov 21, 2026 | 29.00 | 28.31 | 28.89 | 713 | 3,216 |
| Dec 19, 2026 | 28.00 | 28.31 | 28.40 | 313 | 358 |
| Jan 16, 2027 | 30.00 | 28.31 | 29.95 | 2,547 | 4,825 |
| Apr 17, 2027 | 29.00 | 28.31 | 29.48 | 1,549 | 1,528 |

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

## More for PFF

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

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