SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 9, 7:37 PM ET
How9,226 put contracts / 15,940 call contracts = 0.58 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 9, 7:37 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 5.4% 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 5.4% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)PBR 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 ≈ 62.1% · 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
0.99
-0.01
14
0.0135
0.00
-0.01
-0.01
0.97
-0.01
15.5
0.0402
0.00
-0.01
-0.03
0.95
-0.01
16
0.0619
0.00
-0.02
-0.05
0.93
-0.02
16.5
0.0990
0.00
-0.02
-0.07
0.88
-0.03
17
0.1600
0.00
-0.03
-0.12
0.78
-0.04
17.5
0.2438
0.01
-0.04
-0.22
0.64
-0.06
18
0.3138
0.01
-0.06
-0.36
0.47
-0.06
18.5
0.3366
0.01
-0.06
-0.53
0.32
-0.05
19
0.3015
0.01
-0.06
-0.69
0.19
-0.04
19.5
0.2284
0.01
-0.04
-0.82
0.10
-0.03
20
0.1504
0.00
-0.03
-0.90
0.06
-0.01
20.5
0.0928
0.00
-0.01
-0.95
0.04
-0.01
21
0.0578
0.00
-0.01
-0.97
0.02
-0.01
21.5
0.0374
0.00
-0.01
-0.98
0.01
-0.01
22
0.0252
0.00
-0.01
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 33 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.