Event risk before this expiration:Jobs report Fri, Nov 6 — 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 — 90 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)CVS open contracts per strike for Fri, Nov 6.
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 6
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 6
— call IV— put IVATM ≈ 79.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 6
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 6
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.82
-0.26
82
0.0331
0.03
-0.26
-0.18
0.78
-0.29
83
0.0371
0.03
-0.29
-0.22
0.74
-0.32
84
0.0409
0.03
-0.32
-0.26
0.70
-0.35
85
0.0444
0.03
-0.35
-0.30
0.65
-0.37
86
0.0474
0.04
-0.37
-0.35
0.60
-0.38
87
0.0498
0.04
-0.39
-0.40
0.55
-0.39
88
0.0516
0.04
-0.39
-0.45
0.50
-0.39
89
0.0524
0.04
-0.39
-0.50
0.45
-0.38
90
0.0524
0.04
-0.39
-0.56
0.40
-0.37
91
0.0514
0.04
-0.37
-0.61
0.34
-0.35
92
0.0495
0.04
-0.35
-0.66
0.30
-0.32
93
0.0468
0.03
-0.32
-0.70
0.25
-0.29
94
0.0435
0.03
-0.29
-0.75
0.21
-0.26
95
0.0397
0.03
-0.26
-0.79
0.18
-0.23
96
0.0356
0.03
-0.23
-0.83
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 43 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.