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 — 370 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)TER 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 ≈ 75.5% · 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
0.90
-0.23
240
0.0026
0.14
-0.24
-0.10
0.87
-0.28
250
0.0032
0.17
-0.29
-0.14
0.83
-0.33
260
0.0039
0.21
-0.34
-0.18
0.78
-0.38
270
0.0046
0.24
-0.39
-0.22
0.73
-0.42
280
0.0052
0.27
-0.43
-0.28
0.67
-0.46
290
0.0057
0.29
-0.47
-0.34
0.61
-0.49
300
0.0061
0.31
-0.49
-0.40
0.55
-0.50
310
0.0063
0.32
-0.50
-0.46
0.48
-0.50
320
0.0063
0.32
-0.50
-0.52
0.44
-0.49
327.5
0.0063
0.32
-0.50
-0.57
0.42
-0.49
330
0.0062
0.32
-0.49
-0.58
0.39
-0.48
335
0.0061
0.31
-0.48
-0.61
0.37
-0.47
340
0.0060
0.30
-0.47
-0.64
0.34
-0.46
345
0.0058
0.30
-0.46
-0.67
0.32
-0.44
350
0.0056
0.29
-0.44
-0.69
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 49 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.