SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 10, 7:52 PM ET
How485 put contracts / 646 call contracts = 0.75 for the 2026-11-27 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, 7:52 PM ET
HowOver every strike with open interest for the 2026-11-27 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 9.4% 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 9.4% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)MTUM 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 ≈ 39.5% · 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
0.92
-0.04
55
0.0154
0.02
-0.04
-0.08
0.84
-0.05
60
0.0320
0.03
-0.05
-0.15
0.81
-0.05
61.25
0.0390
0.04
-0.05
-0.19
0.77
-0.06
62.5
0.0477
0.04
-0.06
-0.23
0.72
-0.06
63.75
0.0581
0.05
-0.06
-0.28
0.65
-0.06
65
0.0692
0.05
-0.06
-0.35
0.56
-0.06
66.25
0.0780
0.06
-0.06
-0.44
0.46
-0.06
67.5
0.0801
0.06
-0.06
-0.54
0.36
-0.06
68.75
0.0742
0.05
-0.06
-0.64
0.33
-0.06
69.38
0.0694
0.05
-0.06
-0.68
0.29
-0.05
70
0.0643
0.05
-0.05
-0.71
0.26
-0.05
70.63
0.0591
0.05
-0.05
-0.74
0.24
-0.05
71.25
0.0542
0.04
-0.05
-0.76
0.20
-0.05
72.5
0.0455
0.04
-0.05
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 24 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.