What is the max pain price for LOOP?

As of the latest delayed data, LOOP's max pain for the Fri, Nov 20 expiration is 1, versus a spot price of 0.25 (+307.3% away). It recomputes as open interest shifts.

What are the LOOP call and put walls?

For Fri, Nov 20, the largest call open interest sits at the 0.5 strike and the largest put open interest at 1.

Is max pain a price prediction?

No. It is a positioning snapshot — the settle price that would minimize option writers’ payout. The theory that prices drift toward it is contested, and nothing on this page is investment advice.

Max pain // Cboe delayed data · as of Oct 26, 3:44 PM ET

LOOP max pain

Spot (delayed)$0.25

Max pain · Fri, Nov 20$1+307.3% vs spot

Expected move (ATM straddle)±$0.55±224.0% by Fri, Nov 20

Put/Call OI0.678 puts / 12 calls

Call wall$0.5largest call OI

Put wall$1largest put OI

IV3029.2%30-day implied vol

Fri, Nov 201 Fri, Jan 150.5 Fri, Apr 160.5+1 further out

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.

Max pain levels

Expiry	Max pain	vs spot	DTE
Fri, Nov 20	$1	+307.3%	25d
Fri, Jan 15	$0.5	+103.7%	81d
Fri, Apr 16	$0.5	+103.7%	172d

The writer-loss curve — where max pain comes from

■ 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 — 1 — is the max pain price.

Open interest by strike · Fri, Nov 20

■ calls (up)■ puts (down)LOOP 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).

Greeks by strike · Fri, Nov 20

Call Δ	Call Θ	Strike	Γ	Vega	Put Δ
0.01	—	0.5	0.3808	—	-1.00
0.00	—	1	0.0592	—	-1.00
0.00	—	1.5	0.0262	—	-1.00
0.00	—	2	0.0157	—	-1.00
0.00	—	2.5	0.0108	—	-1.00
0.00	—	5	0.0037	—	-1.00

Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Δ per $1 of underlying · Θ per day · vega per IV point.

Stacked — layer the expirations

Nov 20Jan 15Apr 16

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.

All expirations combined — total open interest

■ calls (up)■ puts (down)Every expiration combined: 278 call contracts, 9 put contracts open.

Reading this honestly

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.

Keep going: LOOP workspace · max pain, explained in full · options profit calculator · iron condor and credit spread calculator · GEX, defined · pin risk