SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 10, 5:31 PM ET
How1,350 put contracts / 3,000 call contracts = 0.45 for the 2026-11-13 expiration. Open interest is published once a day, before the open, so it describes the previous session.
SourceNet gamma exposure from Cboe greeks and open interest
As ofCboe delayed snapshot Nov 10, 5:31 PM ET
HowOver every strike with open interest for the 2026-11-13 expiration: (call gamma × call OI minus put gamma × put OI) × 100 × spot² × 1%, summed. Calls count as positive and puts as negative, a convention about who holds the other side, not a measurement.
Max pain is not shown: without its single heaviest strike it moves 19.1% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Max pain is not shown: without its single heaviest strike it moves 19.1% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)MSTX open contracts per strike for Fri, Nov 13.
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 13
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 13
— call IV— put IVATM ≈ 177.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 13
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 13
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.03
7
0.0358
0.00
-0.03
-0.04
0.94
-0.04
7.5
0.0517
0.00
-0.04
-0.06
0.91
-0.06
8
0.0742
0.00
-0.06
-0.09
0.87
-0.07
8.5
0.1042
0.00
-0.07
-0.14
0.81
-0.09
9
0.1408
0.00
-0.09
-0.20
0.72
-0.11
9.5
0.1794
0.00
-0.11
-0.28
0.62
-0.12
10
0.2113
0.00
-0.12
-0.38
0.51
-0.13
10.5
0.2266
0.00
-0.13
-0.49
0.40
-0.12
11
0.2214
0.00
-0.12
-0.60
0.30
-0.11
11.5
0.1996
0.00
-0.11
-0.69
0.23
-0.09
12
0.1692
0.00
-0.09
-0.77
0.17
-0.07
12.5
0.1376
0.00
-0.07
-0.83
0.12
-0.06
13
0.1089
0.00
-0.06
-0.88
0.09
-0.04
13.5
0.0849
0.00
-0.04
-0.91
0.07
-0.03
14
0.0656
0.00
-0.03
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 47 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.
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.