# Strike Pegger for XSP

> Max Pain© chart for XSP: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 9, 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.

## XSP quote

| Field | Value |
|---|---|
| Last | 754.99 |
| Change | +17.30 |
| Open | 742.22 |
| Previous | 737.69 |
| High | 757.74 |
| Low | 742.22 |
| Bid | - |
| Ask | - |
| Volume | 0 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 16.5% |
| Hist Vol | 13.5% |
| Opt Volume | 340,028 |
| Open Int | 971,922 |

Expiration: Nov 10, 2026. No daily peg history is stored for this expiration; pegs are kept for the expirations listed under By Expiration.

All expirations: 2026-11-10, 2026-11-11, 2026-11-12, 2026-11-13, 2026-11-16, 2026-11-17, 2026-11-18, 2026-11-19, 2026-11-20, 2026-11-23, 2026-11-24, 2026-11-25, 2026-11-27, 2026-11-30, 2026-12-01, 2026-12-02, 2026-12-03, 2026-12-04, 2026-12-07, 2026-12-08, 2026-12-09, 2026-12-10, 2026-12-11, 2026-12-14, 2026-12-18, 2026-12-31, 2027-01-08, 2027-01-15, 2027-01-29, 2027-02-19, 2027-02-26, 2027-03-19, 2027-03-31, 2027-04-16, 2027-04-30, 2027-05-21, 2027-06-17, 2027-07-16, 2027-08-20, 2027-09-17, 2027-10-15, 2027-11-19, 2027-12-17, 2028-12-15.

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/XSP.md?expiration=2026-11-13`.

## Open Interest by Strike

**Strike Peg is 753.00, Bias: 749.81** (expiration Nov 10, 2026) — 0.3% below the last price of 754.99; open interest 14.38K calls / 17.15K puts (put/call 1.19).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 129 of 268 strikes: those with open interest within 10% of the last price; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 680.00 | 0 | 59 | 986,770 |
| 681.00 | 0 | 3 | 970,509 |
| 682.00 | 0 | 6 | 954,251 |
| 683.00 | 0 | 22 | 937,999 |
| 684.00 | 0 | 3 | 921,769 |
| 685.00 | 0 | 10 | 905,542 |
| 686.00 | 0 | 95 | 889,325 |
| 687.00 | 0 | 3 | 873,203 |
| 688.00 | 0 | 1 | 857,084 |
| 689.00 | 0 | 174 | 840,966 |
| 690.00 | 8 | 133 | 825,022 |
| 691.00 | 1 | 40 | 809,219 |
| 692.00 | 1 | 8 | 793,457 |
| 693.00 | 0 | 6 | 777,704 |
| 694.00 | 1 | 5 | 761,957 |
| 695.00 | 1 | 13 | 746,216 |
| 696.00 | 0 | 5 | 730,489 |
| 697.00 | 0 | 2 | 714,767 |
| 698.00 | 1 | 8 | 699,047 |
| 699.00 | 0 | 1 | 683,336 |
| 700.00 | 1 | 195 | 667,626 |
| 701.00 | 0 | 20 | 652,112 |
| 702.00 | 20 | 13 | 636,618 |
| 703.00 | 0 | 38 | 621,157 |
| 704.00 | 0 | 7 | 605,734 |
| 705.00 | 23 | 51 | 590,318 |
| 706.00 | 0 | 76 | 574,976 |
| 707.00 | 1 | 324 | 559,710 |
| 708.00 | 1 | 31 | 544,769 |
| 709.00 | 0 | 80 | 529,860 |
| 710.00 | 1 | 204 | 515,031 |
| 711.00 | 1 | 59 | 500,407 |
| 712.00 | 2 | 19 | 485,843 |
| 713.00 | 0 | 234 | 471,300 |
| 714.00 | 0 | 27 | 456,991 |
| 715.00 | 1 | 114 | 442,709 |
| 716.00 | 0 | 103 | 428,542 |
| 717.00 | 1 | 47 | 414,478 |
| 718.00 | 0 | 131 | 400,462 |
| 719.00 | 4 | 59 | 386,577 |
| 720.00 | 4 | 879 | 372,755 |
| 721.00 | 1 | 69 | 359,816 |
| 722.00 | 1 | 71 | 346,947 |
| 723.00 | 7 | 477 | 334,150 |
| 724.00 | 11 | 105 | 321,837 |
| 725.00 | 20 | 238 | 309,640 |
| 726.00 | 51 | 103 | 297,701 |
| 727.00 | 987 | 110 | 285,916 |
| 728.00 | 979 | 140 | 275,228 |
| 729.00 | 110 | 163 | 265,659 |
| 730.00 | 32 | 617 | 256,363 |
| 731.00 | 8 | 190 | 247,716 |
| 732.00 | 37 | 107 | 239,267 |
| 733.00 | 210 | 348 | 230,962 |
| 734.00 | 29 | 89 | 223,215 |
| 735.00 | 28 | 420 | 215,586 |
| 736.00 | 49 | 138 | 208,405 |
| 737.00 | 46 | 114 | 201,411 |
| 738.00 | 74 | 184 | 194,577 |
| 739.00 | 114 | 111 | 188,001 |
| 740.00 | 200 | 258 | 181,650 |
| 741.00 | 93 | 146 | 175,757 |
| 742.00 | 93 | 181 | 170,103 |
| 743.00 | 74 | 170 | 164,723 |
| 744.00 | 162 | 478 | 159,587 |
| 745.00 | 346 | 594 | 155,091 |
| 746.00 | 82 | 129 | 151,535 |
| 747.00 | 167 | 279 | 148,190 |
| 748.00 | 145 | 303 | 145,291 |
| 749.00 | 109 | 57 | 142,840 |
| 750.00 | 269 | 325 | 140,555 |
| 751.00 | 139 | 510 | 138,864 |
| 752.00 | 205 | 415 | 137,822 |
| 753.00 | 149 | 511 | 137,400 |
| 754.00 | 152 | 82 | 137,638 |
| 755.00 | 1,670 | 1,265 | 138,110 |
| 756.00 | 143 | 83 | 141,517 |
| 757.00 | 1,545 | 306 | 145,150 |
| 758.00 | 202 | 236 | 150,634 |
| 759.00 | 118 | 58 | 156,556 |
| 760.00 | 576 | 186 | 162,654 |
| 761.00 | 173 | 53 | 169,514 |
| 762.00 | 69 | 105 | 176,600 |
| 763.00 | 151 | 48 | 183,860 |
| 764.00 | 182 | 24 | 191,319 |
| 765.00 | 89 | 502 | 198,984 |
| 766.00 | 166 | 175 | 207,240 |
| 767.00 | 55 | 128 | 215,837 |
| 768.00 | 270 | 68 | 224,617 |
| 769.00 | 75 | 45 | 233,735 |
| 770.00 | 633 | 145 | 242,973 |
| 771.00 | 57 | 82 | 252,989 |
| 772.00 | 72 | 597 | 263,144 |
| 773.00 | 56 | 389 | 273,968 |
| 774.00 | 57 | 82 | 285,237 |
| 775.00 | 94 | 47 | 296,645 |
| 776.00 | 147 | 15 | 308,194 |
| 777.00 | 62 | 5 | 319,905 |
| 778.00 | 25 | 12 | 331,683 |
| 779.00 | 28 | 29 | 343,498 |
| 780.00 | 111 | 55 | 355,370 |
| 781.00 | 59 | 5 | 367,408 |
| 782.00 | 135 | 4 | 379,510 |
| 783.00 | 77 | 7 | 391,751 |
| 784.00 | 543 | 1 | 404,076 |
| 785.00 | 112 | 10 | 416,945 |
| 786.00 | 476 | 2 | 429,936 |
| 787.00 | 44 | 0 | 443,405 |
| 788.00 | 49 | 1 | 456,918 |
| 789.00 | 29 | 1 | 470,481 |
| 790.00 | 81 | 2 | 484,074 |
| 791.00 | 17 | 1 | 497,750 |
| 792.00 | 24 | 1 | 511,444 |
| 793.00 | 51 | 6 | 525,163 |
| 794.00 | 19 | 2 | 538,939 |
| 795.00 | 105 | 4 | 552,736 |
| 796.00 | 61 | 0 | 566,642 |
| 797.00 | 18 | 0 | 580,609 |
| 798.00 | 26 | 4 | 594,594 |
| 799.00 | 13 | 0 | 608,609 |
| 800.00 | 49 | 1 | 622,637 |
| 801.00 | 3 | 1 | 636,715 |
| 802.00 | 6 | 0 | 650,797 |
| 805.00 | 55 | 1 | 693,061 |
| 810.00 | 102 | 0 | 763,781 |
| 815.00 | 10 | 0 | 835,011 |
| 820.00 | 82 | 0 | 906,291 |
| 825.00 | 1 | 0 | 977,981 |
| 830.00 | 11 | 0 | 1,049,676 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 13, 2026 | 770.00 | 754.99 | 765.51 | 7,668 | 10,939 |
| Nov 20, 2026 | 765.00 | 754.99 | 748.31 | 7,263 | 20,642 |
| Nov 21, 2026 | 774.00 | 754.99 | 752.61 | 6,156 | 19,295 |
| Nov 27, 2026 | 772.00 | 754.99 | 764.69 | 4,526 | 8,685 |
| Dec 19, 2026 | 748.00 | 754.99 | 729.58 | 38,392 | 85,503 |
| Jan 16, 2027 | 760.00 | 754.99 | 735.37 | 16,183 | 79,017 |
| Feb 20, 2027 | 755.00 | 754.99 | 773.72 | 2,410 | 18,542 |
| Mar 20, 2027 | 770.00 | 754.99 | 831.20 | 23,357 | 24,923 |
| Apr 17, 2027 | 800.00 | 754.99 | 825.32 | 15,844 | 15,924 |
| May 22, 2027 | 755.00 | 754.99 | 747.93 | 1,839 | 5,984 |
| Jun 19, 2027 | 746.00 | 754.99 | 742.33 | 2,969 | 10,058 |
| Jul 17, 2027 | 750.00 | 754.99 | 746.77 | 2,693 | 1,668 |
| Aug 21, 2027 | 786.00 | 754.99 | 789.40 | 1,235 | 1,663 |
| Sep 18, 2027 | 760.00 | 754.99 | 638.45 | 3,170 | 3,909 |
| Oct 16, 2027 | 820.00 | 754.99 | 794.65 | 1,775 | 2,525 |

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

## More for XSP

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

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