# XLRE Max Pain (Strike Pegger)

> XLRE 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.

## XLRE quote

| Field | Value |
|---|---|
| Last | 44.59 |
| Change | +0.01 |
| Open | 44.42 |
| Previous | 44.58 |
| High | 44.63 |
| Low | 44.35 |
| Bid | - |
| Ask | - |
| Volume | 4,312,501 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 15.3% |
| Hist Vol | 14.3% |
| Opt Volume | 201 |
| Open Int | 35,660 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-02-19, 2027-05-21.

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/XLRE.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 11, 2026 | 42.00 | 44.59 | 41.64 | 5,078 | 4,059 |
| Nov 10, 2026 | 42.00 | 44.58 | 41.64 | 5,087 | 4,074 |
| Nov 9, 2026 | 41.00 | 44.64 | 41.60 | 5,157 | 4,032 |
| Nov 6, 2026 | 41.00 | 44.00 | 41.61 | 5,052 | 4,057 |
| Nov 5, 2026 | 41.00 | 44.30 | 41.60 | 5,050 | 4,073 |
| Nov 4, 2026 | 41.00 | 45.12 | 41.60 | 4,337 | 4,128 |
| Nov 3, 2026 | 41.00 | 43.67 | 41.60 | 4,343 | 4,177 |
| Nov 2, 2026 | 41.00 | 43.64 | 41.60 | 4,332 | 4,248 |
| Oct 30, 2026 | 41.00 | 43.17 | 41.59 | 4,353 | 4,266 |

## Open Interest by Strike

**Strike Peg is 42.00, Bias: 41.64** (expiration Nov 20, 2026) — 5.8% below the last price of 44.59; open interest 5.08K calls / 4.06K puts (put/call 0.80).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 16 of 22 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 33.00 | 7 | 45 | 32,449 |
| 34.00 | 0 | 45 | 28,442 |
| 35.00 | 0 | 2 | 24,480 |
| 37.00 | 0 | 6 | 16,560 |
| 38.00 | 0 | 15 | 12,606 |
| 39.00 | 0 | 50 | 8,667 |
| 40.00 | 124 | 1,316 | 4,778 |
| 41.00 | 1,408 | 1,028 | 2,329 |
| 42.00 | 1,078 | 1,223 | 2,316 |
| 43.00 | 655 | 140 | 4,604 |
| 44.00 | 245 | 114 | 7,687 |
| 45.00 | 1,196 | 71 | 11,129 |
| 46.00 | 147 | 4 | 15,838 |
| 47.00 | 198 | 0 | 20,698 |
| 48.00 | 13 | 0 | 25,756 |
| 50.00 | 7 | 0 | 35,898 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 42.00 | 44.59 | 41.64 | 5,078 | 4,059 |
| Nov 21, 2026 | 42.00 | 44.59 | 41.64 | 5,078 | 4,059 |
| Dec 19, 2026 | 43.00 | 44.59 | 43.06 | 565 | 117 |
| Jan 16, 2027 | 41.00 | 44.59 | 40.45 | 9,777 | 12,720 |
| Feb 20, 2027 | 44.00 | 44.59 | 43.78 | 945 | 1,609 |
| May 22, 2027 | 34.00 | 44.59 | 36.79 | 660 | 130 |

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

## More for XLRE

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

---

From [Optionistics](https://www.optionistics.com), options analytics since 2005. Site map for AI agents: https://www.optionistics.com/llms.txt