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 — 66 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)CVNA 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 ≈ 78.4% · 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
0.85
-0.05
46
0.0172
0.04
-0.05
-0.15
0.81
-0.06
48
0.0207
0.04
-0.06
-0.19
0.76
-0.07
50
0.0240
0.05
-0.07
-0.24
0.71
-0.08
52
0.0270
0.06
-0.08
-0.29
0.65
-0.08
54
0.0295
0.06
-0.08
-0.35
0.62
-0.09
55
0.0304
0.06
-0.09
-0.39
0.58
-0.09
56
0.0312
0.06
-0.09
-0.42
0.52
-0.09
58
0.0322
0.06
-0.09
-0.48
0.49
-0.09
59
0.0324
0.06
-0.09
-0.51
0.46
-0.09
60
0.0324
0.06
-0.09
-0.55
0.40
-0.08
62
0.0317
0.06
-0.08
-0.61
0.34
-0.08
64
0.0303
0.06
-0.08
-0.67
0.31
-0.07
65
0.0294
0.06
-0.08
-0.69
0.28
-0.07
66
0.0283
0.05
-0.07
-0.72
0.24
-0.06
68
0.0259
0.05
-0.07
-0.77
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 58 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.