Event risk before this expiration:CPI release Wed, Oct 14 · 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 — 200 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)BA 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 ≈ 35.0% · 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
0.96
-0.02
155
0.0036
0.06
-0.02
-0.04
0.94
-0.03
160
0.0054
0.08
-0.03
-0.06
0.90
-0.05
165
0.0076
0.11
-0.05
-0.10
0.85
-0.06
170
0.0101
0.15
-0.06
-0.15
0.79
-0.08
175
0.0126
0.19
-0.08
-0.21
0.72
-0.09
180
0.0149
0.22
-0.09
-0.28
0.64
-0.10
185
0.0166
0.24
-0.10
-0.37
0.55
-0.11
190
0.0176
0.26
-0.11
-0.46
0.46
-0.11
195
0.0176
0.26
-0.11
-0.55
0.38
-0.10
200
0.0169
0.25
-0.10
-0.63
0.30
-0.09
205
0.0154
0.23
-0.10
-0.71
0.24
-0.08
210
0.0136
0.20
-0.09
-0.78
0.18
-0.07
215
0.0116
0.17
-0.08
-0.84
0.14
-0.06
220
0.0096
0.14
-0.07
-0.89
0.10
-0.05
225
0.0077
0.12
-0.05
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 54 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.