Event risk before this expiration:CPI release Wed, Oct 14 · FOMC decision Wed, Oct 28 · 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 — 37 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)SMCI 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 ≈ 79.3% · 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
0.82
-0.03
33
0.0244
0.04
-0.04
-0.18
0.79
-0.04
34
0.0270
0.04
-0.04
-0.21
0.76
-0.04
35
0.0295
0.04
-0.04
-0.24
0.73
-0.04
36
0.0317
0.04
-0.04
-0.28
0.69
-0.05
37
0.0336
0.05
-0.05
-0.31
0.65
-0.05
38
0.0352
0.05
-0.05
-0.35
0.61
-0.05
39
0.0364
0.05
-0.05
-0.39
0.58
-0.05
40
0.0373
0.05
-0.05
-0.42
0.54
-0.05
41
0.0378
0.05
-0.05
-0.46
0.50
-0.05
42
0.0379
0.05
-0.05
-0.50
0.47
-0.05
43
0.0377
0.05
-0.05
-0.54
0.43
-0.05
44
0.0372
0.05
-0.05
-0.57
0.40
-0.05
45
0.0364
0.05
-0.05
-0.60
0.37
-0.05
46
0.0354
0.05
-0.05
-0.64
0.34
-0.05
47
0.0343
0.05
-0.05
-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 57 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.