Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 — 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 — 41 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)LASR open contracts per strike for Fri, Nov 6.
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 6
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 6
— call IV— put IVATM ≈ 119.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 6
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 6
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.85
-0.08
29
0.0282
0.02
-0.08
-0.16
0.81
-0.09
30
0.0320
0.02
-0.09
-0.19
0.78
-0.10
31
0.0356
0.02
-0.10
-0.23
0.73
-0.11
32
0.0389
0.02
-0.10
-0.27
0.69
-0.11
33
0.0417
0.03
-0.11
-0.31
0.65
-0.12
34
0.0441
0.03
-0.12
-0.35
0.60
-0.12
35
0.0458
0.03
-0.12
-0.40
0.50
-0.12
37
0.0471
0.03
-0.12
-0.49
0.46
-0.12
38
0.0468
0.03
-0.12
-0.54
0.41
-0.12
39
0.0460
0.03
-0.12
-0.58
0.37
-0.12
40
0.0446
0.03
-0.11
-0.62
0.33
-0.11
41
0.0428
0.03
-0.11
-0.66
0.30
-0.11
42
0.0406
0.03
-0.10
-0.70
0.26
-0.10
43
0.0383
0.02
-0.10
-0.73
0.23
-0.09
44
0.0357
0.02
-0.09
-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 25 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.