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 — 40 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)B 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 ≈ 39.7% · 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
0.94
-0.01
33
0.0216
0.02
-0.01
-0.06
0.91
-0.01
34
0.0287
0.02
-0.01
-0.09
0.83
-0.02
36
0.0458
0.03
-0.02
-0.17
0.78
-0.02
37
0.0547
0.04
-0.02
-0.23
0.71
-0.02
38
0.0628
0.04
-0.02
-0.29
0.65
-0.03
39
0.0693
0.05
-0.03
-0.36
0.57
-0.03
40
0.0732
0.05
-0.03
-0.43
0.36
-0.03
43
0.0696
0.05
-0.03
-0.65
0.30
-0.02
44
0.0644
0.05
-0.02
-0.71
0.24
-0.02
45
0.0579
0.04
-0.02
-0.77
0.20
-0.02
46
0.0510
0.04
-0.02
-0.81
0.16
-0.02
47
0.0440
0.03
-0.02
-0.86
0.13
-0.01
48
0.0375
0.03
-0.01
-0.89
0.08
-0.01
50
0.0262
0.02
-0.01
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 15 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.