# PPLT Max Pain (Strike Pegger)

> PPLT 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.

## PPLT quote

| Field | Value |
|---|---|
| Last | 13.90 |
| Change | -0.04 |
| Open | 14.10 |
| Previous | 13.94 |
| High | 14.11 |
| Low | 13.88 |
| Bid | - |
| Ask | - |
| Volume | 1,361,457 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | May 18, 2026 |
| Impl Vol | 33.9% |
| Hist Vol | 45.1% |
| Opt Volume | 1,103 |
| Open Int | 260,277 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-03-19, 2027-06-17, 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/PPLT.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 | 15.00 | 13.90 | 14.62 | 4,073 | 2,151 |
| Nov 10, 2026 | 15.00 | 13.94 | 14.62 | 4,065 | 2,152 |
| Nov 9, 2026 | 15.00 | 14.24 | 14.62 | 4,141 | 2,148 |
| Nov 6, 2026 | 15.00 | 13.86 | 14.64 | 4,174 | 2,151 |
| Nov 5, 2026 | 15.00 | 13.76 | 14.63 | 4,298 | 2,157 |
| Nov 4, 2026 | 15.00 | 13.54 | 14.62 | 4,511 | 2,173 |
| Nov 3, 2026 | 15.00 | 12.82 | 14.72 | 4,418 | 2,284 |
| Nov 2, 2026 | 15.00 | 13.07 | 14.76 | 3,114 | 2,264 |
| Oct 30, 2026 | 15.00 | 13.01 | 14.97 | 3,032 | 2,379 |

## Open Interest by Strike

**Strike Peg is 15.00, Bias: 14.62** (expiration Nov 20, 2026) — 7.9% above the last price of 13.90; open interest 4.07K calls / 2.15K puts (put/call 0.53).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 11 of 21 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 10.00 | 1 | 232 | 8,705 |
| 11.00 | 14 | 59 | 6,787 |
| 12.00 | 64 | 18 | 4,942 |
| 13.00 | 63 | 250 | 3,179 |
| 14.00 | 491 | 205 | 1,729 |
| 15.00 | 1,478 | 1,283 | 975 |
| 16.00 | 1,118 | 103 | 2,982 |
| 17.00 | 336 | 1 | 6,210 |
| 18.00 | 398 | 0 | 9,775 |
| 19.00 | 90 | 0 | 13,738 |
| 20.00 | 20 | 0 | 17,791 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 15.00 | 13.90 | 14.62 | 4,073 | 2,151 |
| Nov 21, 2026 | 15.00 | 13.90 | 14.62 | 4,073 | 2,151 |
| Dec 19, 2026 | 15.50 | 13.90 | 15.33 | 17,625 | 6,344 |
| Jan 16, 2027 | 15.50 | 13.90 | 16.01 | 120,460 | 30,875 |
| Mar 20, 2027 | 15.00 | 13.90 | 15.58 | 6,633 | 8,443 |
| Jun 19, 2027 | 14.00 | 13.90 | 14.17 | 793 | 1,640 |
| Jan 22, 2028 | 17.00 | 13.90 | 17.15 | 36,161 | 19,733 |
| Jan 20, 2029 | 16.00 | 13.90 | 15.63 | 2,937 | 2,409 |

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

## More for PPLT

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

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