Event risk before this expiration: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 — 7725 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)SPX 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 ≈ 13.8% · 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
0.70
-4.44
7550
0.0018
3.90
-4.44
-0.30
0.66
-4.58
7575
0.0020
4.11
-4.58
-0.34
0.61
-4.64
7600
0.0021
4.28
-4.64
-0.39
0.56
-4.63
7625
0.0022
4.39
-4.63
-0.44
0.50
-4.52
7650
0.0023
4.44
-4.52
-0.50
0.44
-4.31
7675
0.0024
4.39
-4.31
-0.56
0.38
-4.00
7700
0.0024
4.24
-4.00
-0.62
0.32
-3.59
7725
0.0023
3.98
-3.59
-0.69
0.27
-3.21
7745
0.0022
3.69
-3.21
-0.73
0.25
-3.11
7750
0.0022
3.61
-3.11
-0.75
0.20
-2.58
7775
0.0019
3.15
-2.58
-0.80
0.15
-2.05
7800
0.0016
2.65
-2.05
-0.85
0.10
-1.55
7825
0.0013
2.13
-1.55
-0.90
0.09
-1.37
7835
0.0012
1.92
-1.37
-0.91
0.08
-1.28
7840
0.0011
1.82
-1.28
-0.92
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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.