Event risk before this expiration:FOMC decision Wed, Oct 28 — 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 — 71 — is the max pain price.
Open interest by strike · Mon, Nov 2
■ calls (up)■ puts (down)TQQQ open contracts per strike for Mon, Nov 2.
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 · Mon, Nov 2
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Mon, Nov 2
— call IV— put IVATM ≈ 72.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Mon, Nov 2
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 · Mon, Nov 2
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.81
-0.13
59
0.0282
0.03
-0.13
-0.19
0.78
-0.14
60
0.0313
0.03
-0.14
-0.22
0.75
-0.15
61
0.0345
0.04
-0.15
-0.25
0.71
-0.16
62
0.0376
0.04
-0.16
-0.29
0.67
-0.16
63
0.0406
0.04
-0.16
-0.33
0.63
-0.17
64
0.0433
0.04
-0.17
-0.37
0.59
-0.17
65
0.0457
0.04
-0.17
-0.41
0.54
-0.17
66
0.0476
0.04
-0.17
-0.46
0.49
-0.17
67
0.0489
0.04
-0.17
-0.51
0.44
-0.16
68
0.0495
0.04
-0.16
-0.56
0.39
-0.15
69
0.0492
0.04
-0.15
-0.61
0.34
-0.14
70
0.0481
0.04
-0.14
-0.66
0.29
-0.13
71
0.0460
0.04
-0.13
-0.71
0.25
-0.12
72
0.0430
0.04
-0.12
-0.76
0.20
-0.10
73
0.0393
0.03
-0.10
-0.80
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 32 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.