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 — 170 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)TMUS 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 ≈ 41.7% · 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
0.94
-0.04
120
0.0060
0.05
-0.04
-0.06
0.90
-0.06
125
0.0088
0.07
-0.06
-0.10
0.85
-0.08
130
0.0124
0.10
-0.08
-0.15
0.78
-0.10
135
0.0165
0.12
-0.10
-0.22
0.69
-0.11
140
0.0203
0.14
-0.11
-0.32
0.58
-0.12
145
0.0230
0.16
-0.12
-0.43
0.55
-0.12
146
0.0233
0.16
-0.12
-0.45
0.53
-0.12
147
0.0236
0.16
-0.12
-0.48
0.51
-0.12
148
0.0237
0.16
-0.12
-0.50
0.48
-0.12
149
0.0238
0.16
-0.12
-0.53
0.46
-0.12
150
0.0237
0.16
-0.12
-0.55
0.40
-0.12
152.5
0.0233
0.16
-0.12
-0.61
0.35
-0.11
155
0.0223
0.15
-0.11
-0.66
0.30
-0.10
157.5
0.0209
0.14
-0.11
-0.72
0.25
-0.09
160
0.0192
0.13
-0.10
-0.76
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 45 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.