# SHY Max Pain (Strike Pegger)

> SHY 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.

## SHY quote

| Field | Value |
|---|---|
| Last | 81.31 |
| Change | -0.01 |
| Open | 81.29 |
| Previous | 81.32 |
| High | 81.31 |
| Low | 81.25 |
| Bid | - |
| Ask | - |
| Volume | 3,750,156 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 3.3% |
| Hist Vol | 1.7% |
| Opt Volume | 18 |
| Open Int | 46,076 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-03-19, 2027-06-17, 2027-09-17, 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/SHY.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 | 81.00 | 81.31 | 80.70 | 599 | 64 |
| Nov 10, 2026 | 81.00 | 81.32 | 80.70 | 599 | 64 |
| Nov 9, 2026 | 81.00 | 81.59 | 80.70 | 606 | 64 |
| Nov 6, 2026 | 81.00 | 81.63 | 80.70 | 606 | 64 |
| Nov 5, 2026 | 81.00 | 81.67 | 80.50 | 605 | 55 |
| Nov 4, 2026 | 81.00 | 81.50 | 80.50 | 605 | 55 |
| Nov 3, 2026 | 81.00 | 81.40 | 80.50 | 601 | 55 |
| Nov 2, 2026 | 81.00 | 81.46 | 80.55 | 596 | 57 |
| Oct 30, 2026 | 81.00 | 81.70 | 77.61 | 617 | 57 |

## Open Interest by Strike

**Strike Peg is 81.00, Bias: 80.70** (expiration Nov 20, 2026) — 0.4% below the last price of 81.31; open interest 599 calls / 64 puts (put/call 0.11).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 7 of 42 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 60.00 | 0 | 2 | 1,299 |
| 79.00 | 11 | 0 | 121 |
| 80.00 | 8 | 12 | 70 |
| 81.00 | 309 | 41 | 39 |
| 82.00 | 259 | 9 | 358 |
| 83.00 | 2 | 0 | 945 |
| 84.00 | 10 | 0 | 1,534 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 81.00 | 81.31 | 80.70 | 599 | 64 |
| Nov 21, 2026 | 81.00 | 81.31 | 80.70 | 599 | 64 |
| Dec 19, 2026 | 80.00 | 81.31 | 80.64 | 1,859 | 36 |
| Jan 16, 2027 | 82.00 | 81.31 | 81.28 | 4,823 | 30,367 |
| Mar 20, 2027 | 80.00 | 81.31 | 80.32 | 5,176 | 48 |
| Sep 18, 2027 | 75.00 | 81.31 | 76.75 | 81 | 3 |
| Jan 22, 2028 | 83.00 | 81.31 | 82.10 | 1,458 | 1,544 |

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

## More for SHY

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

---

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