# WVE Max Pain (Strike Pegger)

> WVE 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.

## WVE quote

| Field | Value |
|---|---|
| Last | 3.13 |
| Change | -0.02 |
| Open | 3.12 |
| Previous | 3.16 |
| High | 3.20 |
| Low | 3.00 |
| Bid | - |
| Ask | - |
| Volume | 2,650,275 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 178.2% |
| Hist Vol | 130.8% |
| Opt Volume | 1,195 |
| Open Int | 49,165 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-04-16, 2027-06-17, 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/WVE.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 | 4.00 | 3.13 | 3.95 | 3,284 | 1,681 |
| Nov 12, 2026 | 4.00 | 3.16 | 3.96 | 3,285 | 1,676 |
| Nov 11, 2026 | 4.00 | 3.42 | 3.96 | 3,285 | 1,670 |
| Nov 10, 2026 | 4.00 | 3.41 | 3.97 | 3,251 | 1,634 |
| Nov 9, 2026 | 4.00 | 3.48 | 3.98 | 3,161 | 1,605 |
| Nov 6, 2026 | 4.00 | 3.37 | 3.99 | 3,080 | 1,567 |
| Nov 5, 2026 | 4.00 | 3.22 | 4.00 | 3,008 | 1,567 |
| Nov 4, 2026 | 4.00 | 3.62 | 4.01 | 2,954 | 1,524 |
| Nov 3, 2026 | 4.00 | 3.58 | 4.01 | 2,715 | 1,524 |
| Nov 2, 2026 | 4.00 | 3.52 | 4.03 | 2,638 | 1,524 |
| Oct 30, 2026 | 4.00 | 3.59 | 4.03 | 2,629 | 1,517 |

## Open Interest by Strike

**Strike Peg is 4.00, Bias: 3.95** (expiration Nov 20, 2026) — 27.8% above the last price of 3.13; open interest 3.28K calls / 1.68K puts (put/call 0.51).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 13 of 14 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 1.00 | 5 | 0 | 4,479 |
| 1.50 | 1 | 10 | 3,641 |
| 2.00 | 0 | 81 | 2,808 |
| 2.50 | 2 | 202 | 2,016 |
| 3.00 | 25 | 125 | 1,326 |
| 3.50 | 311 | 155 | 711 |
| 4.00 | 977 | 981 | 329 |
| 4.50 | 306 | 0 | 926 |
| 5.00 | 474 | 126 | 1,676 |
| 5.50 | 5 | 0 | 2,726 |
| 6.00 | 521 | 1 | 3,779 |
| 7.00 | 650 | 0 | 6,406 |
| 8.00 | 7 | 0 | 9,683 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 4.00 | 3.13 | 3.95 | 3,284 | 1,681 |
| Nov 21, 2026 | 4.00 | 3.13 | 3.95 | 3,284 | 1,681 |
| Dec 19, 2026 | 5.00 | 3.13 | 5.21 | 15,851 | 1,651 |
| Jan 16, 2027 | 4.00 | 3.13 | 4.74 | 16,885 | 736 |
| Apr 17, 2027 | 4.00 | 3.13 | 3.91 | 650 | 190 |
| Jun 19, 2027 | 1.50 | 3.13 | 2.90 | 4,711 | 36 |
| Jan 22, 2028 | 3.00 | 3.13 | 4.32 | 2,856 | 634 |

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

## More for WVE

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

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