SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 10, 4:24 PM ET
How11 put contracts / 7 call contracts = 1.57 for the 2027-06-17 expiration. Open interest is published once a day, before the open, so it describes the previous session.
Too thin to read: 18 open contracts across 13 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Event risk before this expiration:Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 10 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.
Too thin to read: 18 open contracts across 13 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Open interest by strike · Thu, Jun 17
■ calls (up)■ puts (down)BLV open contracts per strike for Thu, Jun 17.
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 · Thu, Jun 17
Implied volatility by strike · Thu, Jun 17
— call IV— put IVATM ≈ 10.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Greeks by strike · Thu, Jun 17
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
not quoted
55
0.0151
0.03
-0.00
-0.07
0.96
-0.00
56
0.0233
0.04
-0.00
-0.09
0.94
-0.00
57
0.0318
0.06
-0.00
-0.11
0.90
-0.00
58
0.0395
0.09
-0.00
-0.14
0.77
-0.00
61
0.0586
0.15
-0.00
-0.27
0.70
-0.00
62
0.0655
0.17
-0.00
-0.32
0.57
-0.01
64
0.0764
0.19
-0.00
-0.46
0.49
-0.01
65
0.0785
0.19
-0.00
-0.53
0.41
-0.00
66
0.0777
0.19
-0.00
-0.61
0.34
-0.00
67
0.0739
0.18
-0.00
-0.68
0.21
-0.00
69
0.0589
0.14
-0.00
-0.81
0.12
-0.00
71
0.0403
0.10
-0.00
-0.89
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 12 strikes around the money — all 13 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.