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 — 31 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)IREN open contracts per strike for Fri, Nov 27.
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 27
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 27
— call IV— put IVATM ≈ 105.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 27
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 27
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.86
-0.03
18
0.0243
0.02
-0.03
-0.14
0.83
-0.03
19
0.0284
0.02
-0.03
-0.17
0.79
-0.04
20
0.0325
0.02
-0.04
-0.21
0.75
-0.04
21
0.0364
0.03
-0.04
-0.25
0.71
-0.04
22
0.0399
0.03
-0.04
-0.29
0.67
-0.04
23
0.0429
0.03
-0.04
-0.34
0.62
-0.05
24
0.0453
0.03
-0.05
-0.39
0.57
-0.05
25
0.0470
0.03
-0.05
-0.43
0.52
-0.05
26
0.0480
0.03
-0.05
-0.48
0.48
-0.05
27
0.0483
0.03
-0.05
-0.53
0.43
-0.05
28
0.0478
0.03
-0.05
-0.57
0.39
-0.04
29
0.0468
0.03
-0.05
-0.61
0.35
-0.04
30
0.0454
0.03
-0.04
-0.65
0.32
-0.04
31
0.0435
0.03
-0.04
-0.69
0.28
-0.04
32
0.0413
0.03
-0.04
-0.72
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 41 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.