# ZVRA Max Pain (Strike Pegger)

> ZVRA max pain chart: the strike where option writers' aggregate liability is minimized, daily and by expiration.

Data as of Nov 10, 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.

## ZVRA quote

| Field | Value |
|---|---|
| Last | 11.92 |
| Change | -0.22 |
| Open | 11.80 |
| Previous | 12.14 |
| High | 11.99 |
| Low | 11.54 |
| Bid | - |
| Ask | - |
| Volume | 1,063,464 |
| Trades | - |
| Dividend | - |
| Yield | - |
| Ex-Div | - |
| Split Date | - |
| Impl Vol | 67.0% |
| Hist Vol | 60.3% |
| Opt Volume | 5,876 |
| Open Int | 77,615 |

Expiration: Nov 20, 2026.

All expirations: 2026-11-20, 2026-12-18, 2027-01-15, 2027-02-19, 2027-05-21, 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/ZVRA.md?expiration=2026-11-20`.

## Daily History — expiration Nov 20, 2026

| Date | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 10, 2026 | 10.00 | 11.92 | 10.55 | 3,225 | 720 |
| Nov 9, 2026 | 10.00 | 12.14 | 10.55 | 3,218 | 719 |
| Nov 6, 2026 | 10.00 | 11.59 | 10.54 | 3,189 | 723 |
| Nov 5, 2026 | 10.00 | 10.53 | 10.54 | 3,188 | 732 |
| Nov 4, 2026 | 10.00 | 11.17 | 10.57 | 3,512 | 795 |
| Nov 3, 2026 | 10.00 | 10.26 | 10.60 | 3,421 | 795 |
| Nov 2, 2026 | 10.00 | 10.10 | 10.60 | 3,402 | 760 |
| Oct 30, 2026 | 10.00 | 10.28 | 10.60 | 3,402 | 760 |

## Open Interest by Strike

**Strike Peg is 10.00, Bias: 10.55** (expiration Nov 20, 2026) — 16.1% below the last price of 11.92; open interest 3.23K calls / 720 puts (put/call 0.22).

Net Liability is the call plus put writers' liability if the stock settles at the strike; the peg is its minimum. Showing 12 of 26 strikes: those with open interest; the peg uses every strike.

| Strike | Call OI | Put OI | Net Liability |
|---:|---:|---:|---:|
| 2.00 | 5 | 1 | 6,551 |
| 5.00 | 49 | 0 | 4,409 |
| 7.00 | 4 | 12 | 3,079 |
| 8.00 | 25 | 67 | 2,430 |
| 9.00 | 7 | 108 | 1,873 |
| 10.00 | 731 | 36 | 1,431 |
| 11.00 | 544 | 15 | 1,756 |
| 12.00 | 1,327 | 394 | 2,640 |
| 13.00 | 249 | 74 | 5,245 |
| 14.00 | 220 | 13 | 8,173 |
| 15.00 | 57 | 0 | 11,334 |
| 25.00 | 7 | 0 | 43,514 |

## By Expiration

| Expiration | Strike Peg | Stock Price | Target Price (bias) | Call OI | Put OI |
|---|---:|---:|---:|---:|---:|
| Nov 20, 2026 | 10.00 | 11.92 | 10.55 | 3,225 | 720 |
| Nov 21, 2026 | 10.00 | 11.92 | 10.55 | 3,225 | 720 |
| Dec 19, 2026 | 7.00 | 11.92 | 7.53 | 6,154 | 20,971 |
| Jan 16, 2027 | 10.00 | 11.92 | 9.03 | 14,528 | 2,656 |
| Feb 20, 2027 | 12.00 | 11.92 | 11.28 | 1,340 | 1,654 |
| May 22, 2027 | 10.00 | 11.92 | 10.31 | 282 | 229 |
| Jan 22, 2028 | 12.00 | 11.92 | 12.42 | 754 | 3,493 |
| Jan 20, 2029 | 12.00 | 11.92 | 10.93 | 561 | 1,013 |

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

## More for ZVRA

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

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