Event risk before this expiration: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 — 94 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)MDT open contracts per strike for Fri, Nov 27.
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 27
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 27
— call IV— put IVATM ≈ 26.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 27
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 27
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.89
-0.02
86
0.0229
0.05
-0.02
-0.11
0.87
-0.03
87
0.0267
0.06
-0.03
-0.13
0.82
-0.03
89
0.0358
0.07
-0.03
-0.19
0.78
-0.04
90
0.0405
0.08
-0.04
-0.23
0.73
-0.04
91
0.0448
0.09
-0.04
-0.27
0.64
-0.04
93
0.0515
0.10
-0.05
-0.37
0.58
-0.05
94
0.0535
0.11
-0.05
-0.42
0.53
-0.05
95
0.0546
0.11
-0.05
-0.48
0.47
-0.05
96
0.0546
0.11
-0.05
-0.53
0.42
-0.05
97
0.0536
0.11
-0.05
-0.59
0.37
-0.05
98
0.0517
0.10
-0.05
-0.64
0.32
-0.04
99
0.0490
0.10
-0.04
-0.69
0.28
-0.04
100
0.0456
0.09
-0.04
-0.74
0.24
-0.04
101
0.0418
0.08
-0.04
-0.78
0.20
-0.03
102
0.0378
0.08
-0.04
-0.81
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.