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 — 76 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)MCHP 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 ≈ 80.8% · 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
0.78
-0.14
69
0.0282
0.04
-0.14
-0.22
0.75
-0.15
70
0.0305
0.04
-0.15
-0.25
0.71
-0.16
71
0.0327
0.04
-0.16
-0.29
0.68
-0.17
72
0.0347
0.05
-0.17
-0.32
0.64
-0.17
73
0.0365
0.05
-0.17
-0.36
0.60
-0.18
74
0.0380
0.05
-0.18
-0.40
0.57
-0.18
75
0.0391
0.05
-0.18
-0.43
0.53
-0.18
76
0.0398
0.05
-0.18
-0.47
0.49
-0.18
77
0.0401
0.05
-0.18
-0.51
0.45
-0.18
78
0.0399
0.05
-0.18
-0.55
0.41
-0.18
79
0.0393
0.05
-0.18
-0.59
0.37
-0.17
80
0.0383
0.05
-0.17
-0.63
0.34
-0.16
81
0.0370
0.05
-0.16
-0.67
0.30
-0.16
82
0.0354
0.05
-0.16
-0.70
0.27
-0.15
83
0.0335
0.04
-0.15
-0.73
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 37 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.