Event risk before this expiration: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 — 440 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)SNPS 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 ≈ 48.0% · 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
0.89
-0.22
410
0.0031
0.23
-0.23
-0.11
0.85
-0.27
420
0.0038
0.28
-0.28
-0.15
0.81
-0.32
430
0.0046
0.33
-0.33
-0.19
0.76
-0.37
440
0.0054
0.38
-0.38
-0.24
0.70
-0.41
450
0.0060
0.42
-0.42
-0.30
0.64
-0.45
460
0.0066
0.46
-0.45
-0.37
0.57
-0.46
470
0.0070
0.48
-0.47
-0.44
0.50
-0.47
480
0.0071
0.49
-0.47
-0.51
0.43
-0.46
490
0.0070
0.48
-0.46
-0.58
0.36
-0.43
500
0.0067
0.46
-0.44
-0.65
0.30
-0.40
510
0.0062
0.42
-0.40
-0.71
0.24
-0.36
520
0.0056
0.38
-0.36
-0.76
0.20
-0.32
530
0.0050
0.34
-0.32
-0.81
0.16
-0.28
540
0.0043
0.29
-0.28
-0.85
0.13
-0.24
550
0.0036
0.25
-0.24
-0.89
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 33 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.