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 — 32 — is the max pain price.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)IREN open contracts per strike for Fri, Nov 13.
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 13
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 13
— call IV— put IVATM ≈ 117.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 13
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 13
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.04
18
0.0248
0.01
-0.04
-0.12
0.85
-0.04
19
0.0300
0.01
-0.04
-0.15
0.81
-0.05
20
0.0355
0.02
-0.05
-0.19
0.77
-0.05
21
0.0409
0.02
-0.05
-0.23
0.72
-0.06
22
0.0459
0.02
-0.06
-0.28
0.67
-0.06
23
0.0502
0.02
-0.06
-0.33
0.61
-0.07
24
0.0536
0.02
-0.07
-0.39
0.56
-0.07
25
0.0559
0.02
-0.07
-0.44
0.50
-0.07
26
0.0569
0.02
-0.07
-0.50
0.45
-0.07
27
0.0567
0.02
-0.07
-0.56
0.40
-0.06
28
0.0554
0.02
-0.07
-0.61
0.35
-0.06
29
0.0533
0.02
-0.06
-0.66
0.31
-0.06
30
0.0504
0.02
-0.06
-0.70
0.27
-0.05
31
0.0472
0.02
-0.06
-0.74
0.23
-0.05
32
0.0436
0.02
-0.05
-0.77
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.