Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 — 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 — 95 — is the max pain price.
Open interest by strike · Fri, Dec 4
■ calls (up)■ puts (down)CSCO open contracts per strike for Fri, Dec 4.
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, Dec 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Dec 4
— call IV— put IVATM ≈ 43.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Dec 4
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, Dec 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.89
-0.04
93
0.0112
0.07
-0.04
-0.11
0.86
-0.04
95
0.0132
0.08
-0.05
-0.14
0.81
-0.06
98
0.0162
0.10
-0.06
-0.19
0.67
-0.07
105
0.0224
0.13
-0.07
-0.33
0.62
-0.08
107
0.0236
0.14
-0.08
-0.38
0.60
-0.08
108
0.0241
0.14
-0.08
-0.41
0.57
-0.08
109
0.0245
0.14
-0.08
-0.43
0.55
-0.08
110
0.0248
0.14
-0.08
-0.46
0.52
-0.08
111
0.0250
0.14
-0.08
-0.48
0.47
-0.08
113
0.0252
0.14
-0.08
-0.53
0.31
-0.07
120
0.0227
0.13
-0.07
-0.70
0.29
-0.07
121
0.0220
0.12
-0.07
-0.72
0.27
-0.06
122
0.0213
0.12
-0.07
-0.74
0.25
-0.06
123
0.0206
0.11
-0.06
-0.76
0.21
-0.06
125
0.0189
0.10
-0.06
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 17 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.