Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 — 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 — 555 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)SMH open contracts per strike for Fri, Nov 6.
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 6
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 6
— call IV— put IVATM ≈ 40.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 6
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 6
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.78
-0.56
515
0.0070
0.28
-0.57
-0.22
0.75
-0.60
520
0.0077
0.30
-0.61
-0.26
0.71
-0.64
525
0.0084
0.33
-0.65
-0.29
0.67
-0.67
530
0.0090
0.35
-0.68
-0.34
0.64
-0.68
532.5
0.0093
0.35
-0.69
-0.36
0.62
-0.69
535
0.0096
0.36
-0.70
-0.38
0.57
-0.70
540
0.0100
0.37
-0.71
-0.43
0.52
-0.71
545
0.0103
0.38
-0.71
-0.48
0.47
-0.70
550
0.0104
0.38
-0.70
-0.54
0.44
-0.69
552.5
0.0104
0.38
-0.69
-0.56
0.42
-0.68
555
0.0103
0.37
-0.68
-0.59
0.36
-0.64
560
0.0100
0.36
-0.65
-0.64
0.34
-0.63
562.5
0.0098
0.35
-0.63
-0.66
0.32
-0.60
565
0.0096
0.34
-0.61
-0.69
0.29
-0.58
567.5
0.0093
0.33
-0.58
-0.71
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 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.