# XLP Max Pain (Strike Pegger)

> XLP 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.

## XLP quote

| Field | Value |
|---|---|
| Last | 91.45 |
| Change | +0.42 |
| Open | 90.54 |
| Previous | 91.03 |
| High | 91.46 |
| Low | 90.25 |
| Bid | - |
| Ask | - |
| Volume | 15,496,486 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 18.8% |
| Hist Vol | 15.3% |
| Opt Volume | 131,505 |
| Open Int | 1,836,069 |

Expiration: Nov 13, 2026.

All expirations: 2026-11-13, 2026-11-20, 2026-11-27, 2026-12-04, 2026-12-11, 2026-12-18, 2026-12-24, 2027-01-15, 2027-03-19, 2027-06-17, 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/XLP.md?expiration=2026-11-13`.

## Daily History — expiration Nov 13, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 90.00 | 91.45 | 89.28 | 14,890 | 66,428 |
| Nov 10, 2026 | 90.00 | 91.03 | 89.31 | 12,357 | 65,966 |
| Nov 9, 2026 | 90.00 | 90.89 | 89.04 | 11,910 | 59,293 |
| Nov 6, 2026 | 90.00 | 90.08 | 89.09 | 10,926 | 42,134 |
| Nov 5, 2026 | 88.50 | 91.25 | 87.97 | 9,343 | 29,217 |
| Nov 4, 2026 | 88.50 | 91.94 | 87.61 | 7,777 | 28,017 |
| Nov 3, 2026 | 88.00 | 88.95 | 87.09 | 7,337 | 18,798 |
| Nov 2, 2026 | 85.50 | 90.83 | 85.41 | 6,732 | 11,579 |
| Oct 30, 2026 | 85.00 | 89.42 | 85.18 | 6,240 | 11,366 |
| Oct 29, 2026 | 83.50 | 88.18 | 84.27 | 4,338 | 10,225 |
| Oct 28, 2026 | 83.50 | 86.84 | 84.26 | 4,239 | 10,109 |
| Oct 27, 2026 | 83.50 | 87.15 | 84.21 | 4,196 | 10,068 |
| Oct 26, 2026 | 83.50 | 87.96 | 84.06 | 4,097 | 9,900 |
| Oct 23, 2026 | 83.50 | 88.26 | 83.79 | 3,948 | 9,729 |

## Open Interest by Strike

**Strike Peg is 90.00, Bias: 89.28** (expiration Nov 13, 2026) — 1.6% below the last price of 91.45; open interest 14.89K calls / 66.43K puts (put/call 4.46).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 30 of 54 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 82.50 | 14 | 406 | 328,431 |
| 83.00 | 39 | 137 | 296,149 |
| 83.50 | 538 | 8,256 | 263,955 |
| 84.00 | 143 | 210 | 236,158 |
| 84.50 | 20 | 302 | 208,538 |
| 85.00 | 132 | 331 | 181,078 |
| 85.50 | 544 | 4,297 | 153,850 |
| 86.00 | 74 | 1,543 | 129,043 |
| 86.50 | 49 | 2,311 | 105,044 |
| 87.00 | 72 | 10,204 | 82,225 |
| 87.50 | 3 | 886 | 64,544 |
| 88.00 | 86 | 10,689 | 47,307 |
| 88.50 | 32 | 4,546 | 35,458 |
| 89.00 | 243 | 8,003 | 25,898 |
| 89.50 | 164 | 3,393 | 20,461 |
| 90.00 | 1,317 | 6,365 | 16,803 |
| 90.50 | 1,170 | 2,361 | 16,985 |
| 91.00 | 3,586 | 289 | 18,933 |
| 91.50 | 117 | 234 | 22,819 |
| 92.00 | 1,976 | 639 | 26,880 |
| 92.50 | 159 | 3 | 32,248 |
| 93.00 | 411 | 53 | 37,698 |
| 94.00 | 1,003 | 0 | 49,061 |
| 95.00 | 2,237 | 1 | 61,427 |
| 96.00 | 27 | 0 | 76,031 |
| 96.50 | 50 | 0 | 83,346 |
| 97.00 | 24 | 0 | 90,687 |
| 97.50 | 1 | 0 | 98,039 |
| 98.00 | 44 | 0 | 105,392 |
| 100.00 | 140 | 0 | 134,892 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 90.00 | 91.45 | 89.28 | 14,890 | 66,428 |
| Nov 20, 2026 | 90.00 | 91.45 | 89.01 | 31,707 | 272,186 |
| Nov 21, 2026 | 90.00 | 91.45 | 89.01 | 31,707 | 272,186 |
| Nov 27, 2026 | 87.00 | 91.45 | 87.32 | 3,505 | 2,984 |
| Dec 19, 2026 | 89.00 | 91.45 | 88.13 | 68,122 | 370,845 |
| Jan 16, 2027 | 88.00 | 91.45 | 87.18 | 49,818 | 350,525 |
| Mar 20, 2027 | 85.00 | 91.45 | 86.16 | 15,444 | 299,703 |
| Jun 19, 2027 | 90.00 | 91.45 | 89.01 | 23,845 | 67,231 |
| Jan 22, 2028 | 85.00 | 91.45 | 83.54 | 31,778 | 57,532 |
| Jan 20, 2029 | 85.00 | 91.45 | 84.83 | 3,358 | 99,637 |

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

## More for XLP

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

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