# TSPY Max Pain (Strike Pegger)

> TSPY 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.

## TSPY quote

| Field | Value |
|---|---|
| Last | 24.47 |
| Change | -0.08 |
| Open | 24.40 |
| Previous | 24.55 |
| High | 24.53 |
| Low | 24.29 |
| Bid | - |
| Ask | - |
| Volume | 227,348 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 17.9% |
| Hist Vol | 13.4% |
| Opt Volume | 17 |
| Open Int | 501 |

Expiration: Nov 20, 2026.

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

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/TSPY.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 | 25.00 | 24.47 | 25.22 | 76 | 98 |
| Nov 9, 2026 | 25.00 | 24.55 | 25.14 | 76 | 99 |
| Nov 6, 2026 | 25.00 | 23.99 | 25.07 | 75 | 97 |
| Nov 5, 2026 | 25.00 | 23.91 | 25.07 | 75 | 101 |
| Nov 3, 2026 | 25.00 | 24.56 | 25.20 | 27 | 103 |
| Nov 2, 2026 | 25.00 | 24.79 | 25.20 | 27 | 90 |
| Oct 30, 2026 | 25.00 | 24.92 | 25.17 | 29 | 76 |

## Open Interest by Strike

**Strike Peg is 25.00, Bias: 25.22** (expiration Nov 20, 2026) — 2.2% above the last price of 24.47; open interest 76 calls / 98 puts (put/call 1.29).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 6 of 11 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 23.00 | 0 | 3 | 201 |
| 24.00 | 2 | 4 | 106 |
| 25.00 | 51 | 86 | 17 |
| 26.00 | 20 | 1 | 65 |
| 27.00 | 3 | 2 | 134 |
| 30.00 | 0 | 2 | 356 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 25.00 | 24.47 | 25.22 | 76 | 98 |
| Nov 21, 2026 | 25.00 | 24.47 | 25.22 | 76 | 98 |
| Dec 19, 2026 | 25.00 | 24.47 | 25.24 | 189 | 105 |
| Mar 20, 2027 | 25.00 | 24.47 | 24.78 | 16 | 12 |
| Jun 19, 2027 | 26.00 | 24.47 | 25.50 | 1 | 4 |

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

## More for TSPY

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

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