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 — 230 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)ADSK open contracts per strike for Fri, Nov 27.
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 27
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 27
— call IV— put IVATM ≈ 51.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 27
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 27
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.89
-0.11
210
0.0049
0.14
-0.12
-0.12
0.82
-0.15
220
0.0068
0.19
-0.16
-0.18
0.78
-0.17
225
0.0077
0.22
-0.18
-0.22
0.74
-0.19
230
0.0086
0.24
-0.19
-0.26
0.69
-0.20
235
0.0094
0.26
-0.21
-0.31
0.64
-0.21
240
0.0101
0.28
-0.22
-0.36
0.59
-0.22
245
0.0106
0.29
-0.22
-0.41
0.54
-0.23
250
0.0109
0.29
-0.23
-0.47
0.48
-0.23
255
0.0110
0.29
-0.23
-0.52
0.43
-0.22
260
0.0109
0.29
-0.22
-0.58
0.38
-0.21
265
0.0106
0.28
-0.21
-0.63
0.33
-0.20
270
0.0101
0.27
-0.20
-0.68
0.28
-0.19
275
0.0094
0.25
-0.19
-0.72
0.24
-0.17
280
0.0087
0.23
-0.17
-0.77
0.21
-0.16
285
0.0080
0.21
-0.16
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 19 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.