Event risk before this expiration:FOMC decision Wed, Oct 28 · 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 — 115 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)DLTR 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 ≈ 42.3% · 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
0.79
-0.13
118
0.0303
0.06
-0.13
-0.21
0.76
-0.13
119
0.0332
0.07
-0.14
-0.24
0.72
-0.14
120
0.0360
0.07
-0.14
-0.28
0.69
-0.15
121
0.0386
0.08
-0.15
-0.31
0.65
-0.15
122
0.0409
0.08
-0.15
-0.35
0.60
-0.16
123
0.0427
0.08
-0.16
-0.40
0.56
-0.16
124
0.0440
0.09
-0.16
-0.44
0.52
-0.16
125
0.0446
0.09
-0.16
-0.48
0.47
-0.16
126
0.0447
0.09
-0.16
-0.53
0.43
-0.16
127
0.0441
0.09
-0.16
-0.57
0.39
-0.16
128
0.0430
0.08
-0.16
-0.62
0.34
-0.15
129
0.0413
0.08
-0.15
-0.66
0.31
-0.14
130
0.0393
0.08
-0.14
-0.69
0.27
-0.14
131
0.0369
0.07
-0.14
-0.73
0.24
-0.13
132
0.0343
0.07
-0.13
-0.76
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 50 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.