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 — 70 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)FBTC 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 ≈ 38.2% · 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
0.77
-0.04
65.5
0.0367
0.06
-0.04
-0.23
0.76
-0.04
66
0.0388
0.06
-0.05
-0.25
0.72
-0.05
67
0.0428
0.07
-0.05
-0.29
0.70
-0.05
67.5
0.0448
0.07
-0.05
-0.31
0.67
-0.05
68
0.0467
0.07
-0.05
-0.33
0.65
-0.05
68.5
0.0484
0.07
-0.05
-0.36
0.63
-0.05
69
0.0500
0.07
-0.05
-0.38
0.57
-0.05
70
0.0526
0.08
-0.05
-0.43
0.52
-0.05
71
0.0542
0.08
-0.05
-0.49
0.47
-0.05
72
0.0546
0.08
-0.05
-0.54
0.44
-0.05
72.5
0.0544
0.08
-0.05
-0.57
0.41
-0.05
73
0.0538
0.08
-0.05
-0.60
0.36
-0.05
74
0.0519
0.07
-0.05
-0.65
0.32
-0.05
75
0.0491
0.07
-0.05
-0.70
0.27
-0.04
76
0.0457
0.07
-0.04
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 34 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.