# SDS Max Pain (Strike Pegger)

> SDS max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 10, 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.

## SDS quote

| Field | Value |
|---|---|
| Last | 56.44 |
| Change | +0.41 |
| Open | 56.76 |
| Previous | 56.03 |
| High | 57.20 |
| Low | 56.14 |
| Bid | - |
| Ask | - |
| Volume | 4,972,411 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | Nov 20, 2025 |
| Impl Vol | 33.7% |
| Hist Vol | 26.9% |
| Opt Volume | 332 |
| Open Int | 8,995 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-03-19, 2027-06-17, 2028-01-21.

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/SDS.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 10, 2026 | 53.00 | 56.44 | 53.64 | 1,595 | 243 |
| Nov 9, 2026 | 53.00 | 56.03 | 53.59 | 1,590 | 235 |
| Nov 6, 2026 | 53.00 | 58.76 | 53.56 | 1,618 | 233 |
| Nov 5, 2026 | 53.00 | 59.09 | 53.49 | 1,568 | 189 |
| Nov 4, 2026 | 53.00 | 54.28 | 53.51 | 1,508 | 186 |
| Nov 3, 2026 | 53.00 | 56.10 | 53.51 | 1,490 | 181 |
| Nov 2, 2026 | 53.00 | 56.41 | 53.49 | 1,447 | 178 |
| Oct 30, 2026 | 52.00 | 55.89 | 53.43 | 1,298 | 158 |

## Open Interest by Strike

**Strike Peg is 53.00, Bias: 53.64** (expiration Nov 20, 2026) — 6.1% below the last price of 56.44; open interest 1.60K calls / 243 puts (put/call 0.15).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 12 of 41 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 51.00 | 2 | 6 | 758 |
| 52.00 | 146 | 17 | 559 |
| 53.00 | 45 | 42 | 523 |
| 54.00 | 171 | 53 | 574 |
| 55.00 | 92 | 50 | 849 |
| 56.00 | 83 | 9 | 1,266 |
| 57.00 | 92 | 9 | 1,775 |
| 58.00 | 141 | 0 | 2,385 |
| 59.00 | 185 | 0 | 3,136 |
| 60.00 | 183 | 22 | 4,072 |
| 61.00 | 43 | 0 | 5,213 |
| 62.00 | 61 | 0 | 6,397 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 53.00 | 56.44 | 53.64 | 1,595 | 243 |
| Nov 21, 2026 | 53.00 | 56.44 | 53.64 | 1,595 | 243 |
| Dec 19, 2026 | 52.00 | 56.44 | 52.97 | 1,001 | 171 |
| Jan 16, 2027 | 67.00 | 56.44 | 63.89 | 742 | 606 |
| Mar 20, 2027 | 47.00 | 56.44 | 48.31 | 96 | 29 |
| Jun 19, 2027 | 34.00 | 56.44 | 40.09 | 49 | 1 |
| Jan 22, 2028 | 55.00 | 56.44 | 60.78 | 2,236 | 2,226 |

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

## More for SDS

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

---

From [Optionistics](https://www.optionistics.com), options analytics since 2005. Site map for AI agents: https://www.optionistics.com/llms.txt