Event risk before this expiration:CPI release Wed, Oct 14 · 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 — 1150 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)LLY open contracts per strike for Fri, Nov 20.
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 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 39.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.71
-0.68
1100
0.0022
1.29
-0.69
-0.29
0.69
-0.70
1110
0.0023
1.34
-0.71
-0.32
0.66
-0.72
1120
0.0024
1.38
-0.73
-0.34
0.64
-0.74
1130
0.0025
1.42
-0.75
-0.37
0.61
-0.76
1140
0.0025
1.45
-0.76
-0.39
0.58
-0.77
1150
0.0026
1.47
-0.78
-0.42
0.56
-0.78
1160
0.0026
1.49
-0.78
-0.45
0.53
-0.78
1170
0.0027
1.50
-0.79
-0.47
0.50
-0.78
1180
0.0027
1.50
-0.79
-0.50
0.48
-0.78
1190
0.0027
1.50
-0.78
-0.53
0.45
-0.77
1200
0.0027
1.49
-0.78
-0.55
0.43
-0.76
1210
0.0026
1.48
-0.77
-0.58
0.40
-0.75
1220
0.0026
1.46
-0.75
-0.60
0.35
-0.72
1240
0.0025
1.40
-0.72
-0.65
0.33
-0.70
1250
0.0024
1.36
-0.70
-0.68
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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.