■ 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 — 720 — is the max pain price.
Open interest by strike · Wed, Nov 4
■ calls (up)■ puts (down)QQQ open contracts per strike for Wed, Nov 4.
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; 18 strikes were in only one day’s snapshot (each keeps its largest strikes) and are left out. Biggest moves: 700 +965 · 722 +633 · 665 +450 · 725 +448
Volume by strike · Wed, Nov 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Wed, Nov 4
— call IV— put IVATM ≈ 24.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Wed, Nov 4
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 · Wed, Nov 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.86
-0.45
680
0.0087
0.21
-0.47
-0.14
0.81
-0.54
685
0.0107
0.24
-0.55
-0.18
0.76
-0.62
690
0.0128
0.28
-0.63
-0.24
0.70
-0.68
695
0.0149
0.32
-0.69
-0.30
0.62
-0.73
700
0.0168
0.35
-0.73
-0.38
0.60
-0.73
701
0.0172
0.35
-0.74
-0.40
0.59
-0.74
702
0.0175
0.35
-0.74
-0.41
0.54
-0.74
705
0.0182
0.36
-0.74
-0.47
0.52
-0.73
706
0.0184
0.36
-0.74
-0.48
0.48
-0.72
708
0.0187
0.36
-0.73
-0.52
0.44
-0.71
710
0.0188
0.36
-0.71
-0.56
0.40
-0.68
712
0.0187
0.35
-0.69
-0.60
0.38
-0.67
713
0.0186
0.35
-0.67
-0.62
0.36
-0.65
714
0.0184
0.34
-0.65
-0.64
0.35
-0.64
715
0.0182
0.34
-0.64
-0.66
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.