SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 10, 4:16 PM ET
How27 put contracts / 59 call contracts = 0.46 for the 2026-12-04 expiration. Open interest is published once a day, before the open, so it describes the previous session.
Too thin to read: 86 open contracts across 24 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Event risk before this expiration:Jobs report Fri, Dec 4 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.
Too thin to read: 86 open contracts across 24 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Open interest by strike · Fri, Dec 4
■ calls (up)■ puts (down)ARES open contracts per strike for Fri, Dec 4.
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, Dec 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Dec 4
— call IV— put IVATM ≈ 40.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Greeks by strike · Fri, Dec 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.72
-0.11
132
0.0220
0.12
-0.11
-0.28
0.70
-0.11
133
0.0231
0.13
-0.11
-0.30
0.67
-0.11
134
0.0242
0.13
-0.11
-0.33
0.65
-0.11
135
0.0252
0.13
-0.12
-0.35
0.63
-0.12
136
0.0261
0.14
-0.12
-0.38
0.60
-0.12
137
0.0269
0.14
-0.12
-0.40
0.57
-0.12
138
0.0276
0.14
-0.12
-0.43
0.54
-0.12
139
0.0281
0.14
-0.12
-0.46
0.52
-0.12
140
0.0284
0.14
-0.12
-0.49
0.49
-0.12
141
0.0286
0.14
-0.12
-0.52
0.38
-0.11
145
0.0276
0.14
-0.11
-0.63
0.26
-0.09
150
0.0232
0.12
-0.10
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 12 strikes around the money — all 24 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.
Max pain, walls and gamma print only when an expiration holds at least 100 open contracts across 5 strikes, and max pain also needs to stay within 5% of spot when its single heaviest strike is removed. Below that the expiration reads as thin rather than printing a level one trade could move.
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.