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 — 19 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)NOV open contracts per strike for Fri, Nov 20.
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 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 39.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.00
10
0.0103
0.00
-0.01
-0.03
0.91
-0.01
14
0.0364
0.01
-0.01
-0.10
0.88
-0.01
15
0.0508
0.01
-0.01
-0.13
0.83
-0.01
16
0.0718
0.01
-0.01
-0.17
0.77
-0.01
17
0.1023
0.02
-0.01
-0.24
0.66
-0.01
18
0.1438
0.02
-0.01
-0.35
0.50
-0.01
19
0.1799
0.02
-0.01
-0.52
0.33
-0.01
20
0.1674
0.02
-0.01
-0.71
0.21
-0.01
21
0.1245
0.02
-0.01
-0.83
0.15
-0.01
22
0.0895
0.01
-0.01
-0.89
0.11
-0.01
23
0.0663
0.01
-0.01
-0.93
0.09
-0.01
24
0.0510
0.01
-0.01
-0.95
0.07
-0.01
25
0.0405
0.01
-0.01
-0.97
0.05
-0.01
27
0.0276
0.01
-0.01
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 15 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.