Max Pain (Strike Pegger) — SPAX
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 20, 2026
Open Interest by Strike
Strike Peg is 10.00, Bias: 9.60 (expiration Nov 20, 2026) — 17.6% above the last price of 8.50; open interest 1.37K calls / 1.35K puts (put/call 0.98).
By Expiration
Max Pain© is a registered trademark. The peg is computed from open interest in the day's option snapshot.