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 — 98 — is the max pain price.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)KMB 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 ≈ 30.9% · 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
0.82
-0.06
104
0.0303
0.07
-0.06
-0.18
0.79
-0.07
105
0.0338
0.07
-0.07
-0.21
0.75
-0.07
106
0.0372
0.08
-0.07
-0.25
0.71
-0.08
107
0.0406
0.09
-0.08
-0.29
0.67
-0.08
108
0.0436
0.09
-0.08
-0.33
0.63
-0.08
109
0.0464
0.09
-0.09
-0.38
0.58
-0.09
110
0.0486
0.10
-0.09
-0.42
0.53
-0.09
111
0.0501
0.10
-0.09
-0.47
0.48
-0.09
112
0.0507
0.10
-0.09
-0.52
0.43
-0.08
113
0.0504
0.10
-0.09
-0.57
0.38
-0.08
114
0.0492
0.10
-0.08
-0.63
0.33
-0.08
115
0.0471
0.09
-0.08
-0.67
0.25
-0.07
117
0.0411
0.08
-0.07
-0.76
0.21
-0.06
118
0.0375
0.07
-0.06
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 30 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.