# WMB Max Pain (Strike Pegger)

> WMB 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.

## WMB quote

| Field | Value |
|---|---|
| Last | 69.09 |
| Change | -0.35 |
| Open | 70.04 |
| Previous | 69.44 |
| High | 70.09 |
| Low | 68.53 |
| Bid | - |
| Ask | - |
| Volume | 4,326,285 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 28.9% |
| Hist Vol | 26.0% |
| Opt Volume | 2,445 |
| Open Int | 278,903 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2026-12-31, 2027-01-15, 2027-02-19, 2027-03-19, 2027-05-21, 2027-06-17, 2027-09-17, 2027-12-17, 2028-01-21, 2029-01-19.

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/WMB.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 | 71.00 | 69.09 | 71.66 | 102,670 | 19,012 |
| Nov 12, 2026 | 71.00 | 69.44 | 71.67 | 102,623 | 18,979 |
| Nov 11, 2026 | 71.00 | 68.92 | 71.67 | 102,574 | 18,977 |
| Nov 10, 2026 | 71.00 | 67.46 | 71.69 | 102,548 | 18,605 |
| Nov 9, 2026 | 73.00 | 66.45 | 72.39 | 102,019 | 19,253 |
| Nov 6, 2026 | 73.00 | 64.08 | 72.53 | 102,301 | 19,608 |
| Nov 5, 2026 | 75.00 | 64.25 | 73.00 | 102,027 | 21,199 |
| Nov 4, 2026 | 75.00 | 67.86 | 73.15 | 101,955 | 21,103 |
| Nov 3, 2026 | 75.00 | 72.47 | 73.15 | 102,008 | 21,905 |
| Nov 2, 2026 | 75.00 | 71.19 | 73.00 | 102,753 | 17,802 |
| Oct 30, 2026 | 75.00 | 74.35 | 72.97 | 102,157 | 14,898 |

## Open Interest by Strike

**Strike Peg is 71.00, Bias: 71.66** (expiration Nov 20, 2026) — 2.8% above the last price of 69.09; open interest 102.67K calls / 19.01K puts (put/call 0.19).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 13 of 37 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 63.00 | 1 | 42 | 104,508 |
| 64.00 | 1 | 184 | 86,146 |
| 65.00 | 177 | 4,324 | 67,969 |
| 66.00 | 13 | 321 | 54,293 |
| 67.00 | 29 | 2,046 | 40,951 |
| 68.00 | 99 | 1,844 | 29,684 |
| 69.00 | 95 | 44 | 20,360 |
| 70.00 | 1,719 | 6,905 | 11,175 |
| 71.00 | 238 | 451 | 10,614 |
| 72.00 | 205 | 141 | 10,742 |
| 73.00 | 248 | 897 | 11,216 |
| 74.00 | 478 | 28 | 12,835 |
| 75.00 | 22,590 | 1,201 | 14,960 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 71.00 | 69.09 | 71.66 | 102,670 | 19,012 |
| Nov 21, 2026 | 71.00 | 69.09 | 71.66 | 102,670 | 19,012 |
| Nov 27, 2026 | 69.00 | 69.09 | 69.60 | 3,300 | 217 |
| Dec 4, 2026 | 67.00 | 69.09 | 67.28 | 2,802 | 270 |
| Dec 19, 2026 | 70.00 | 69.09 | 67.70 | 15,947 | 25,292 |
| Jan 16, 2027 | 70.00 | 69.09 | 67.04 | 24,541 | 15,488 |
| Feb 20, 2027 | 70.00 | 69.09 | 70.16 | 1,988 | 28,813 |
| Mar 20, 2027 | 70.00 | 69.09 | 68.59 | 3,154 | 2,003 |
| May 22, 2027 | 65.00 | 69.09 | 66.92 | 147 | 79 |
| Jun 19, 2027 | 70.00 | 69.09 | 66.61 | 5,926 | 3,510 |
| Sep 18, 2027 | 70.00 | 69.09 | 70.80 | 188 | 122 |
| Jan 22, 2028 | 65.00 | 69.09 | 61.58 | 6,959 | 2,338 |
| Jan 20, 2029 | 50.00 | 69.09 | 53.45 | 1,098 | 41 |

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

## More for WMB

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

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