Event risk before this expiration: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 — 13 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)QBTS open contracts per strike for Fri, Nov 27.
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 27
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 27
— call IV— put IVATM ≈ 92.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 27
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 27
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.95
-0.01
7.5
0.0300
0.00
-0.01
-0.05
0.93
-0.01
8
0.0407
0.01
-0.01
-0.07
0.90
-0.01
8.5
0.0536
0.01
-0.01
-0.10
0.87
-0.01
9
0.0683
0.01
-0.01
-0.14
0.77
-0.01
10
0.0999
0.01
-0.01
-0.23
0.71
-0.02
10.5
0.1143
0.01
-0.02
-0.29
0.65
-0.02
11
0.1259
0.01
-0.02
-0.35
0.58
-0.02
11.5
0.1336
0.01
-0.02
-0.42
0.51
-0.02
12
0.1369
0.01
-0.02
-0.49
0.45
-0.02
12.5
0.1359
0.01
-0.02
-0.56
0.39
-0.02
13
0.1312
0.01
-0.02
-0.62
0.33
-0.02
13.5
0.1238
0.01
-0.02
-0.67
0.28
-0.02
14
0.1146
0.01
-0.02
-0.72
0.24
-0.01
14.5
0.1046
0.01
-0.01
-0.77
0.21
-0.01
15
0.0944
0.01
-0.01
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.