Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 — 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 — 99 — is the max pain price.
Open interest by strike · Fri, Dec 4
■ calls (up)■ puts (down)HOOD open contracts per strike for Fri, Dec 4.
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, Dec 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Dec 4
— call IV— put IVATM ≈ 65.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Dec 4
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, Dec 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.67
-0.09
87
0.0181
0.11
-0.09
-0.33
0.65
-0.09
88
0.0185
0.11
-0.10
-0.35
0.63
-0.10
89
0.0189
0.12
-0.10
-0.37
0.61
-0.10
90
0.0192
0.12
-0.10
-0.39
0.59
-0.10
91
0.0195
0.12
-0.10
-0.41
0.57
-0.10
92
0.0197
0.12
-0.10
-0.43
0.55
-0.10
93
0.0199
0.12
-0.10
-0.45
0.53
-0.10
94
0.0200
0.12
-0.10
-0.47
0.51
-0.10
95
0.0201
0.12
-0.10
-0.49
0.49
-0.10
96
0.0201
0.12
-0.10
-0.51
0.47
-0.10
97
0.0201
0.12
-0.10
-0.53
0.45
-0.10
98
0.0200
0.12
-0.10
-0.55
0.43
-0.10
99
0.0199
0.12
-0.10
-0.57
0.41
-0.10
100
0.0197
0.12
-0.10
-0.59
0.40
-0.10
101
0.0195
0.12
-0.10
-0.61
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 44 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.