Max Pain (Strike Pegger) — SAP
Data as of
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.
IV QuoteOption ChainPrice History10 Day SnapshotStrike PeggerVolatility SkewTrade Finder
Daily History — expiration Nov 13, 2026
Open Interest by Strike
Strike Peg is 237.50, Bias: 235.03 (expiration Nov 13, 2026) — 1.6% above the last price of 233.74; open interest 1.14K calls / 867 puts (put/call 0.76).
By Expiration
Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.