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 — 12 — is the max pain price.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)CLF open contracts per strike for Fri, Nov 13.
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 13
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 13
— call IV— put IVATM ≈ 74.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 13
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 13
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.92
-0.01
9.5
0.0494
0.01
-0.01
-0.08
0.89
-0.01
10
0.0642
0.01
-0.01
-0.11
0.85
-0.01
10.5
0.0820
0.01
-0.01
-0.15
0.80
-0.01
11
0.1009
0.01
-0.01
-0.20
0.74
-0.01
11.5
0.1189
0.01
-0.01
-0.26
0.67
-0.02
12
0.1337
0.01
-0.02
-0.33
0.60
-0.02
12.5
0.1437
0.01
-0.02
-0.40
0.53
-0.02
13
0.1483
0.01
-0.02
-0.48
0.46
-0.02
13.5
0.1475
0.01
-0.02
-0.55
0.39
-0.02
14
0.1422
0.01
-0.02
-0.62
0.33
-0.02
14.5
0.1332
0.01
-0.02
-0.68
0.27
-0.01
15
0.1220
0.01
-0.01
-0.73
0.23
-0.01
15.5
0.1095
0.01
-0.01
-0.78
0.19
-0.01
16
0.0969
0.01
-0.01
-0.82
0.13
-0.01
17
0.0743
0.01
-0.01
-0.88
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 19 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.