# RF Max Pain (Strike Pegger)

> RF 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.

## RF quote

| Field | Value |
|---|---|
| Last | 28.64 |
| Change | -0.06 |
| Open | 28.67 |
| Previous | 28.70 |
| High | 28.81 |
| Low | 28.41 |
| Bid | - |
| Ask | - |
| Volume | 8,130,227 |
| Trades | - |
| Dividend | 0.30 |
| Yield | 4.10% |
| Ex-Div | Sep 3, 2027 (estimated, not declared yet) |
| Split Date | - |
| Impl Vol | 22.1% |
| Hist Vol | 23.2% |
| Opt Volume | 1,773 |
| Open Int | 91,596 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-02-19, 2027-03-19, 2027-05-21, 2027-06-17, 2027-09-17, 2027-12-17, 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/RF.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 | 28.00 | 28.64 | 27.59 | 9,172 | 11,551 |
| Nov 10, 2026 | 28.00 | 28.70 | 27.60 | 9,164 | 11,553 |
| Nov 9, 2026 | 28.00 | 28.93 | 27.59 | 9,173 | 11,554 |
| Nov 6, 2026 | 28.00 | 28.31 | 27.59 | 9,190 | 11,547 |
| Nov 5, 2026 | 28.00 | 28.41 | 27.56 | 9,187 | 11,417 |
| Nov 4, 2026 | 28.00 | 29.03 | 27.56 | 9,136 | 11,421 |
| Nov 3, 2026 | 28.00 | 28.60 | 27.56 | 9,079 | 11,428 |
| Nov 2, 2026 | 27.00 | 28.97 | 27.35 | 9,005 | 10,910 |
| Oct 30, 2026 | 27.00 | 28.57 | 27.30 | 9,004 | 10,821 |

## Open Interest by Strike

**Strike Peg is 28.00, Bias: 27.59** (expiration Nov 20, 2026) — 2.2% below the last price of 28.64; open interest 9.17K calls / 11.55K puts (put/call 1.26).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 23 of 25 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 15.00 | 0 | 1 | 120,524 |
| 17.00 | 0 | 1 | 97,424 |
| 18.00 | 0 | 42 | 85,875 |
| 19.00 | 0 | 11 | 74,368 |
| 20.00 | 0 | 2 | 62,872 |
| 21.00 | 2 | 2 | 51,378 |
| 22.00 | 1 | 29 | 39,888 |
| 23.00 | 0 | 35 | 28,428 |
| 24.00 | 36 | 74 | 17,003 |
| 25.00 | 5 | 8,922 | 5,688 |
| 26.00 | 4 | 390 | 3,300 |
| 27.00 | 735 | 1,097 | 1,306 |
| 28.00 | 1,395 | 761 | 1,144 |
| 29.00 | 489 | 146 | 3,138 |
| 30.00 | 4,465 | 38 | 5,767 |
| 31.00 | 194 | 0 | 12,899 |
| 32.00 | 476 | 0 | 20,225 |
| 33.00 | 531 | 0 | 28,027 |
| 34.00 | 281 | 0 | 36,360 |
| 35.00 | 432 | 0 | 44,974 |
| 36.00 | 108 | 0 | 54,020 |
| 37.00 | 13 | 0 | 63,174 |
| 38.00 | 5 | 0 | 72,341 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 28.00 | 28.64 | 27.59 | 9,172 | 11,551 |
| Nov 21, 2026 | 28.00 | 28.64 | 27.59 | 9,172 | 11,551 |
| Dec 19, 2026 | 28.00 | 28.64 | 27.74 | 4,044 | 1,048 |
| Jan 16, 2027 | 27.00 | 28.64 | 27.04 | 12,590 | 20,995 |
| Feb 20, 2027 | 28.00 | 28.64 | 28.08 | 812 | 503 |
| Mar 20, 2027 | 28.00 | 28.64 | 28.52 | 3,735 | 6,133 |
| May 22, 2027 | 29.00 | 28.64 | 28.67 | 50 | 45 |
| Jun 19, 2027 | 32.00 | 28.64 | 30.87 | 1,602 | 1,382 |
| Sep 18, 2027 | 28.00 | 28.64 | 27.80 | 517 | 1,727 |
| Jan 22, 2028 | 25.00 | 28.64 | 22.62 | 6,197 | 9,042 |
| Jan 20, 2029 | 40.00 | 28.64 | 36.98 | 86 | 364 |

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

## More for RF

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

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