Event risk before this expiration: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 13
■ calls (up)■ puts (down)SQQQ open contracts per strike for Fri, Nov 13.
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 13
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 13
— call IV— put IVATM ≈ 83.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 13
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 13
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.75
-0.05
36
0.0476
0.03
-0.05
-0.25
0.72
-0.05
36.5
0.0495
0.03
-0.05
-0.28
0.69
-0.06
37
0.0511
0.03
-0.06
-0.31
0.66
-0.06
37.5
0.0522
0.04
-0.06
-0.34
0.63
-0.06
38
0.0530
0.04
-0.06
-0.37
0.60
-0.07
38.5
0.0534
0.04
-0.07
-0.39
0.58
-0.07
39
0.0535
0.04
-0.07
-0.42
0.55
-0.07
39.5
0.0533
0.04
-0.07
-0.45
0.52
-0.07
40
0.0529
0.04
-0.07
-0.47
0.47
-0.07
41
0.0514
0.04
-0.07
-0.52
0.43
-0.07
42
0.0494
0.04
-0.07
-0.57
0.39
-0.07
43
0.0470
0.04
-0.07
-0.61
0.35
-0.07
44
0.0445
0.04
-0.07
-0.65
0.32
-0.07
45
0.0418
0.03
-0.07
-0.68
0.29
-0.07
46
0.0392
0.03
-0.07
-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 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.