# SHMD Max Pain (Strike Pegger)

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

Data as of Nov 13, 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.

## SHMD quote

| Field | Value |
|---|---|
| Last | 2.09 |
| Change | -0.29 |
| Open | 2.36 |
| Previous | 2.38 |
| High | 2.40 |
| Low | 2.09 |
| Bid | - |
| Ask | - |
| Volume | 546,785 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 115.4% |
| Hist Vol | 119.2% |
| Opt Volume | 55 |
| Open Int | 9,765 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16.

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

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 2.50 | 2.09 | 3.03 | 431 | 106 |
| Nov 12, 2026 | 2.50 | 2.38 | 3.03 | 431 | 106 |
| Nov 11, 2026 | 2.50 | 2.59 | 3.03 | 431 | 106 |
| Nov 10, 2026 | 2.50 | 2.50 | 3.03 | 431 | 106 |
| Nov 9, 2026 | 2.50 | 2.46 | 3.15 | 396 | 108 |
| Nov 6, 2026 | 2.50 | 2.15 | 3.15 | 396 | 108 |
| Nov 5, 2026 | 5.00 | 2.17 | 4.24 | 326 | 211 |
| Nov 4, 2026 | 5.00 | 2.57 | 4.24 | 326 | 210 |
| Nov 3, 2026 | 5.00 | 2.74 | 4.24 | 326 | 210 |
| Nov 2, 2026 | 5.00 | 2.60 | 4.36 | 326 | 250 |
| Oct 30, 2026 | 5.00 | 2.72 | 4.38 | 323 | 250 |

## Open Interest by Strike

**Strike Peg is 2.50, Bias: 3.03** (expiration Nov 20, 2026) — 19.6% above the last price of 2.09; open interest 431 calls / 106 puts (put/call 0.25).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Every strike is listed.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 2.50 | 171 | 60 | 115 |
| 5.00 | 180 | 46 | 428 |
| 7.50 | 80 | 0 | 1,305 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 2.50 | 2.09 | 3.03 | 431 | 106 |
| Nov 21, 2026 | 2.50 | 2.09 | 3.03 | 431 | 106 |
| Jan 16, 2027 | 2.50 | 2.09 | 2.62 | 6,495 | 564 |
| Apr 17, 2027 | 2.50 | 2.09 | 3.42 | 1,797 | 300 |

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

## More for SHMD

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

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