# PFFA Max Pain (Strike Pegger)

> PFFA 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.

## PFFA quote

| Field | Value |
|---|---|
| Last | 18.34 |
| Change | -0.05 |
| Open | 18.43 |
| Previous | 18.39 |
| High | 18.49 |
| Low | 18.34 |
| Bid | - |
| Ask | - |
| Volume | 1,249,119 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 15.4% |
| Hist Vol | 9.4% |
| Opt Volume | 125 |
| Open Int | 4,293 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-03-19, 2027-06-17.

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/PFFA.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 | 19.00 | 18.34 | 19.29 | 234 | 304 |
| Nov 10, 2026 | 19.00 | 18.39 | 19.38 | 214 | 305 |
| Nov 9, 2026 | 19.00 | 18.65 | 19.38 | 214 | 255 |
| Nov 6, 2026 | 19.00 | 18.48 | 19.38 | 214 | 255 |
| Nov 5, 2026 | 20.00 | 18.41 | 19.58 | 165 | 254 |
| Nov 4, 2026 | 23.00 | 18.95 | 21.63 | 4 | 253 |
| Nov 3, 2026 | 22.00 | 18.57 | 21.38 | 4 | 251 |
| Nov 2, 2026 | 22.00 | 18.54 | 21.38 | 4 | 251 |
| Oct 30, 2026 | 22.00 | 18.56 | 21.38 | 4 | 270 |

## Open Interest by Strike

**Strike Peg is 19.00, Bias: 19.29** (expiration Nov 20, 2026) — 3.6% above the last price of 18.34; open interest 234 calls / 304 puts (put/call 1.30).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 8 of 19 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 18.00 | 70 | 3 | 485 |
| 19.00 | 164 | 138 | 254 |
| 20.00 | 0 | 152 | 325 |
| 21.00 | 0 | 7 | 548 |
| 22.00 | 0 | 1 | 778 |
| 23.00 | 0 | 1 | 1,009 |
| 24.00 | 0 | 1 | 1,241 |
| 25.00 | 0 | 1 | 1,474 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 19.00 | 18.34 | 19.29 | 234 | 304 |
| Nov 21, 2026 | 19.00 | 18.34 | 19.29 | 234 | 304 |
| Dec 19, 2026 | 20.00 | 18.34 | 20.60 | 980 | 535 |
| Mar 20, 2027 | 20.00 | 18.34 | 19.52 | 281 | 1,480 |
| Jun 19, 2027 | 20.00 | 18.34 | 20.43 | 31 | 448 |

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

## More for PFFA

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

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