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 — 44 — is the max pain price.
Open interest by strike · Fri, Nov 27
■ calls (up)■ puts (down)SMCI open contracts per strike for Fri, Nov 27.
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 27
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 27
— call IV— put IVATM ≈ 77.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 27
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 27
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.81
-0.03
33
0.0238
0.04
-0.03
-0.19
0.79
-0.03
34
0.0261
0.04
-0.04
-0.22
0.75
-0.04
35
0.0283
0.05
-0.04
-0.25
0.72
-0.04
36
0.0302
0.05
-0.04
-0.28
0.69
-0.04
37
0.0319
0.05
-0.04
-0.32
0.65
-0.04
38
0.0333
0.05
-0.04
-0.35
0.62
-0.04
39
0.0345
0.06
-0.05
-0.39
0.58
-0.05
40
0.0353
0.06
-0.05
-0.42
0.55
-0.05
41
0.0357
0.06
-0.05
-0.46
0.51
-0.05
42
0.0359
0.06
-0.05
-0.49
0.48
-0.05
43
0.0358
0.06
-0.05
-0.53
0.44
-0.05
44
0.0354
0.06
-0.05
-0.56
0.41
-0.05
45
0.0348
0.06
-0.05
-0.59
0.38
-0.05
46
0.0340
0.06
-0.05
-0.62
0.35
-0.04
47
0.0330
0.05
-0.04
-0.65
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 29 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.