Event risk before this expiration:FOMC decision Wed, Sep 16 · Jobs report Fri, Oct 2 · CPI release Wed, Oct 14 · 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 — 95 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)HOOD open contracts per strike for Fri, Nov 20.
Open-interest change · 2026-09-09 → 2026-09-10
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot — where the walls are building and where they’re unwinding. Biggest moves: 120 −3K · 105 +288 · 100 +204 · 135 +117
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 ≈ 66.0% · 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
0.93
-0.03
75
0.0037
0.06
-0.03
-0.07
0.91
-0.04
80
0.0050
0.08
-0.04
-0.10
0.87
-0.05
85
0.0064
0.10
-0.05
-0.13
0.83
-0.06
90
0.0078
0.13
-0.06
-0.17
0.78
-0.07
95
0.0091
0.15
-0.07
-0.23
0.72
-0.08
100
0.0103
0.17
-0.08
-0.28
0.66
-0.09
105
0.0112
0.18
-0.09
-0.34
0.60
-0.09
110
0.0118
0.19
-0.09
-0.40
0.54
-0.09
115
0.0121
0.20
-0.09
-0.46
0.48
-0.09
120
0.0121
0.20
-0.10
-0.52
0.43
-0.09
125
0.0119
0.19
-0.09
-0.58
0.38
-0.09
130
0.0114
0.19
-0.09
-0.63
0.33
-0.09
135
0.0109
0.18
-0.09
-0.68
0.29
-0.08
140
0.0102
0.17
-0.09
-0.72
0.26
-0.08
145
0.0095
0.16
-0.08
-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 42 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.