Event risk before this expiration:CPI release Wed, Oct 14 · 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 — 55 — is the max pain price.
Open interest by strike · Fri, Nov 13
■ calls (up)■ puts (down)PYPL 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 ≈ 43.2% · 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
0.84
-0.03
49
0.0316
0.04
-0.03
-0.16
0.81
-0.03
50
0.0363
0.05
-0.03
-0.19
0.77
-0.03
51
0.0408
0.05
-0.03
-0.24
0.72
-0.04
52
0.0449
0.06
-0.04
-0.28
0.67
-0.04
53
0.0484
0.06
-0.04
-0.33
0.62
-0.04
54
0.0511
0.07
-0.04
-0.38
0.57
-0.04
55
0.0529
0.07
-0.04
-0.44
0.51
-0.04
56
0.0538
0.07
-0.04
-0.49
0.46
-0.04
57
0.0536
0.07
-0.04
-0.55
0.41
-0.04
58
0.0526
0.07
-0.04
-0.60
0.36
-0.04
59
0.0507
0.06
-0.04
-0.65
0.31
-0.04
60
0.0481
0.06
-0.04
-0.69
0.27
-0.04
61
0.0449
0.06
-0.04
-0.74
0.23
-0.03
62
0.0414
0.05
-0.03
-0.78
0.20
-0.03
63
0.0376
0.05
-0.03
-0.81
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.