■ 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 — 714 — is the max pain price.
Open interest by strike · Tue, Nov 3
■ calls (up)■ puts (down)QQQ open contracts per strike for Tue, Nov 3.
Open-interest change · 2026-10-28 → 2026-10-29
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot: where the walls are building and where they’re unwinding. Only strikes observed on both days are compared; 10 strikes were in only one day’s snapshot (each keeps its largest strikes) and are left out. Biggest moves: 640 +5K · 675 +1K · 685 +736 · 670 +668
Volume by strike · Tue, Nov 3
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Tue, Nov 3
— call IV— put IVATM ≈ 22.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Tue, Nov 3
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 · Tue, Nov 3
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.22
670
0.0047
0.10
-0.24
-0.06
0.92
-0.29
675
0.0064
0.12
-0.31
-0.08
0.89
-0.38
680
0.0084
0.16
-0.40
-0.11
0.85
-0.48
685
0.0109
0.20
-0.49
-0.15
0.79
-0.58
690
0.0137
0.24
-0.59
-0.21
0.72
-0.67
695
0.0167
0.28
-0.68
-0.28
0.64
-0.74
700
0.0195
0.31
-0.74
-0.36
0.54
-0.76
705
0.0215
0.33
-0.76
-0.46
0.52
-0.75
706
0.0218
0.33
-0.76
-0.48
0.49
-0.75
707
0.0220
0.33
-0.75
-0.51
0.47
-0.74
708
0.0222
0.33
-0.74
-0.53
0.45
-0.73
709
0.0222
0.33
-0.73
-0.55
0.43
-0.71
710
0.0222
0.33
-0.72
-0.57
0.38
-0.68
712
0.0219
0.32
-0.68
-0.62
0.36
-0.66
713
0.0217
0.31
-0.66
-0.64
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.