Event risk before this expiration:Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 — 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 — 146 — is the max pain price.
Open interest by strike · Fri, Dec 4
■ calls (up)■ puts (down)SKHY open contracts per strike for Fri, Dec 4.
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, Dec 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Dec 4
— call IV— put IVATM ≈ 59.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Dec 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 · Fri, Dec 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.71
-0.14
148
0.0111
0.17
-0.14
-0.29
0.70
-0.15
149
0.0113
0.18
-0.14
-0.30
0.69
-0.15
150
0.0115
0.18
-0.15
-0.31
0.66
-0.15
152.5
0.0120
0.19
-0.15
-0.34
0.62
-0.16
155
0.0123
0.20
-0.16
-0.37
0.59
-0.16
157.5
0.0126
0.20
-0.16
-0.40
0.56
-0.16
160
0.0128
0.20
-0.16
-0.43
0.53
-0.17
162.5
0.0129
0.20
-0.16
-0.47
0.49
-0.17
165
0.0129
0.20
-0.16
-0.50
0.46
-0.17
167.5
0.0129
0.20
-0.16
-0.53
0.43
-0.16
170
0.0127
0.20
-0.16
-0.56
0.40
-0.16
172.5
0.0125
0.20
-0.16
-0.59
0.38
-0.16
175
0.0122
0.20
-0.15
-0.62
0.35
-0.15
177.5
0.0119
0.19
-0.15
-0.65
0.32
-0.15
180
0.0115
0.18
-0.15
-0.67
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 52 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.