SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 10, 7:38 PM ET
How22,257 put contracts / 43,979 call contracts = 0.51 for the 2026-11-20 expiration. Open interest is published once a day, before the open, so it describes the previous session.
SourceNet gamma exposure from Cboe greeks and open interest
As ofCboe delayed snapshot Nov 10, 7:38 PM ET
HowOver every strike with open interest for the 2026-11-20 expiration: (call gamma × call OI minus put gamma × put OI) × 100 × spot² × 1%, summed. Calls count as positive and puts as negative, a convention about who holds the other side, not a measurement.
Max pain is not shown: without its single heaviest strike it moves 5% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Max pain is not shown: without its single heaviest strike it moves 5% of spot, more than the 5% we allow, so one strike decides it. Walls and gamma still print.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)SLB open contracts per strike for Fri, Nov 20.
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 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 38.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.85
-0.04
46.5
0.0651
0.02
-0.04
-0.15
0.82
-0.04
47
0.0760
0.02
-0.04
-0.18
0.78
-0.05
47.5
0.0873
0.02
-0.05
-0.22
0.74
-0.05
48
0.0987
0.03
-0.05
-0.26
0.69
-0.06
48.5
0.1093
0.03
-0.06
-0.31
0.63
-0.06
49
0.1183
0.03
-0.06
-0.37
0.57
-0.06
49.5
0.1249
0.03
-0.06
-0.43
0.51
-0.06
50
0.1284
0.03
-0.06
-0.49
0.38
-0.06
51
0.1245
0.03
-0.06
-0.62
0.27
-0.05
52
0.1078
0.03
-0.05
-0.74
0.22
-0.04
52.5
0.0965
0.03
-0.04
-0.79
0.18
-0.04
53
0.0845
0.02
-0.04
-0.83
0.11
-0.03
54
0.0613
0.02
-0.03
-0.89
0.07
-0.02
55
0.0420
0.01
-0.02
-0.94
0.04
-0.01
56
0.0279
0.01
-0.01
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 43 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.
Max pain, walls and gamma print only when an expiration holds at least 100 open contracts across 5 strikes, and max pain also needs to stay within 5% of spot when its single heaviest strike is removed. Below that the expiration reads as thin rather than printing a level one trade could move.
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.