Event risk before this expiration:FOMC decision Wed, Oct 28 · 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 — 185 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)NBIS 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 ≈ 95.9% · 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
0.83
-0.18
125
0.0053
0.12
-0.19
-0.17
0.80
-0.20
130
0.0060
0.13
-0.21
-0.20
0.77
-0.22
135
0.0067
0.14
-0.23
-0.24
0.73
-0.24
140
0.0073
0.16
-0.24
-0.28
0.69
-0.25
145
0.0078
0.17
-0.26
-0.32
0.64
-0.26
150
0.0083
0.18
-0.27
-0.36
0.60
-0.27
155
0.0086
0.18
-0.27
-0.41
0.55
-0.28
160
0.0089
0.19
-0.28
-0.45
0.51
-0.28
165
0.0090
0.19
-0.28
-0.49
0.47
-0.28
170
0.0090
0.19
-0.28
-0.54
0.43
-0.27
175
0.0089
0.18
-0.27
-0.58
0.39
-0.26
180
0.0087
0.18
-0.26
-0.62
0.35
-0.25
185
0.0084
0.17
-0.26
-0.66
0.32
-0.24
190
0.0080
0.17
-0.24
-0.69
0.28
-0.23
195
0.0076
0.16
-0.23
-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 49 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.