Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.
■ put-side pain■ call-side painTotal payout option writers would owe at each settle price (both sides, all open interest, ×100 shares) — low settles hurt put writers, high settles hurt call writers. The minimum — 160 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)ACWI open contracts per strike for Fri, Nov 20.
Open-interest change: building vs unwinding
Needs two observed snapshot days for this expiration; the comparison appears automatically once the next weekday snapshot lands. We diff real observations only; nothing is estimated.
Volume by strike · Fri, Nov 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 15.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
Net dealer gamma per strike, in dollars per 1% move, assuming the standard convention (dealers long calls, short puts) — an assumption, not an observation. Above the amber flip level hedging tends to dampen moves; below it, to amplify them.
Greeks by strike · Fri, Nov 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.82
-0.04
149
0.0284
0.11
-0.04
-0.17
0.80
-0.04
150
0.0320
0.12
-0.04
-0.20
0.78
-0.04
151
0.0359
0.13
-0.04
-0.22
0.75
-0.04
152
0.0402
0.14
-0.04
-0.26
0.71
-0.05
153
0.0448
0.15
-0.05
-0.29
0.67
-0.05
154
0.0495
0.16
-0.05
-0.33
0.62
-0.05
155
0.0540
0.17
-0.05
-0.38
0.51
-0.05
157
0.0602
0.17
-0.05
-0.50
0.45
-0.05
158
0.0608
0.17
-0.05
-0.56
0.39
-0.04
159
0.0594
0.17
-0.04
-0.62
0.33
-0.04
160
0.0562
0.16
-0.04
-0.68
0.28
-0.04
161
0.0516
0.15
-0.04
-0.73
0.24
-0.04
162
0.0464
0.14
-0.04
-0.78
0.20
-0.03
163
0.0412
0.12
-0.04
-0.81
0.17
-0.03
164
0.0362
0.11
-0.03
-0.84
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 23 are in the CSV. Δ per $1 of underlying · Θ per day · vega per IV point.
Stacked — layer the expirations
Call open interest per strike, stacked across the checked expirations — each color is one expiry. Strikes are pruned to the liquid center of each chain.
Max pain is arithmetic, not prophecy: the settle price that would minimize what option writers pay out at expiration, computed from open interest alone. Prices sometimes gravitate toward heavy strikes into expiry — dealer hedging is a real flow — but the evidence that max pain predicts settlement better than chance is mixed, and we are not going to pretend otherwise. Use it as a map of where positioning is stacked, next to the fundamentals and the earnings calendar, not as a target.
Data: Cboe delayed public feed (~15 minutes), refreshed here about every 15 minutes. Open interest itself updates once daily, before the open. Educational information, not investment advice.