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 — 315 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)AXP 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 ≈ 25.0% · 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
0.92
-0.06
280
0.0057
0.15
-0.06
-0.08
0.89
-0.07
285
0.0074
0.19
-0.07
-0.12
0.84
-0.09
290
0.0092
0.23
-0.09
-0.16
0.79
-0.10
295
0.0112
0.28
-0.10
-0.21
0.73
-0.12
300
0.0132
0.32
-0.12
-0.27
0.66
-0.13
305
0.0148
0.35
-0.13
-0.34
0.58
-0.14
310
0.0160
0.38
-0.14
-0.42
0.50
-0.14
315
0.0165
0.39
-0.14
-0.50
0.42
-0.13
320
0.0163
0.38
-0.14
-0.59
0.34
-0.13
325
0.0154
0.36
-0.13
-0.67
0.27
-0.11
330
0.0140
0.32
-0.12
-0.74
0.21
-0.10
335
0.0122
0.28
-0.10
-0.81
0.16
-0.08
340
0.0102
0.24
-0.09
-0.86
0.12
-0.07
345
0.0083
0.20
-0.08
-0.91
0.09
-0.05
350
0.0065
0.16
-0.06
-0.95
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.