Too thin to read: 38 open contracts across 12 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Event risk before this expiration:Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 10 — macro releases historically overwhelm pinning effects; max pain reads weakest in event weeks.
Too thin to read: 38 open contracts across 12 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Open interest by strike · Fri, Apr 16
■ calls (up)■ puts (down)MSGE open contracts per strike for Fri, Apr 16.
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, Apr 16
Implied volatility by strike · Fri, Apr 16
— call IV— put IVATM ≈ 37.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Greeks by strike · Fri, Apr 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.00
50
0.0040
0.06
-0.01
-0.05
0.88
-0.01
60
0.0088
0.11
-0.01
-0.12
0.82
-0.01
65
0.0120
0.14
-0.02
-0.18
0.74
-0.02
70
0.0154
0.17
-0.02
-0.25
0.66
-0.02
75
0.0182
0.20
-0.02
-0.34
0.56
-0.02
80
0.0200
0.21
-0.02
-0.45
0.46
-0.02
85
0.0204
0.21
-0.02
-0.55
0.37
-0.02
90
0.0195
0.20
-0.02
-0.65
0.29
-0.02
95
0.0177
0.18
-0.02
-0.73
0.22
-0.02
100
0.0153
0.16
-0.02
-0.81
0.17
-0.01
105
0.0129
0.14
-0.01
-0.87
0.13
-0.01
110
0.0106
0.11
-0.01
-0.92
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
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.
Max pain, walls and gamma print only when an expiration holds at least 100 open contracts across 5 strikes, and max pain also needs to stay within 5% of spot when its single heaviest strike is removed. Below that the expiration reads as thin rather than printing a level one trade could move.
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.