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 — 27 — is the max pain price.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)PFE 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 ≈ 25.9% · 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
0.95
-0.00
25
0.0432
0.01
-0.01
-0.09
0.93
-0.01
25.5
0.0624
0.01
-0.01
-0.12
0.90
-0.01
26
0.0874
0.01
-0.01
-0.17
0.85
-0.01
26.5
0.1172
0.02
-0.01
-0.23
0.78
-0.01
27
0.1491
0.02
-0.01
-0.30
0.70
-0.01
27.5
0.1786
0.03
-0.01
-0.39
0.60
-0.01
28
0.2004
0.03
-0.01
-0.48
0.50
-0.01
28.5
0.2082
0.03
-0.01
-0.57
0.40
-0.01
29
0.2018
0.03
-0.01
-0.66
0.30
-0.01
29.5
0.1829
0.03
-0.01
-0.74
0.23
-0.01
30
0.1554
0.02
-0.01
-0.81
0.16
-0.01
30.5
0.1251
0.02
-0.01
-0.86
0.12
-0.01
31
0.0974
0.02
-0.01
-0.90
0.09
-0.01
31.5
0.0754
0.01
-0.01
-0.92
0.07
-0.01
32
0.0590
0.01
-0.00
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 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.
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.