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.
■ 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 — 320 — is the max pain price.
Open interest by strike · Fri, Dec 18
■ calls (up)■ puts (down)NDSN open contracts per strike for Fri, Dec 18.
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, Dec 18
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Dec 18
— call IV— put IVATM ≈ 26.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Dec 18
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, Dec 18
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.02
250
0.0014
0.09
-0.03
-0.03
0.95
-0.03
260
0.0021
0.12
-0.04
-0.05
0.94
-0.04
270
0.0030
0.16
-0.05
-0.07
0.91
-0.06
280
0.0043
0.21
-0.07
-0.10
0.86
-0.07
290
0.0060
0.27
-0.08
-0.15
0.80
-0.09
300
0.0081
0.35
-0.10
-0.21
0.71
-0.11
310
0.0104
0.42
-0.11
-0.30
0.59
-0.12
320
0.0122
0.47
-0.12
-0.42
0.47
-0.12
330
0.0127
0.48
-0.12
-0.54
0.35
-0.11
340
0.0118
0.45
-0.11
-0.66
0.25
-0.10
350
0.0100
0.39
-0.09
-0.76
0.17
-0.08
360
0.0079
0.32
-0.08
-0.84
0.12
-0.06
370
0.0060
0.25
-0.06
-0.89
0.08
-0.05
380
0.0044
0.19
-0.06
-0.94
0.06
-0.04
390
0.0032
0.14
-0.05
-0.97
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.