Event risk before this expiration:Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 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 — 340 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)TSLA open contracts per strike for Fri, Jan 15.
Open-interest change · 2026-10-28 → 2026-10-29
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot: where the walls are building and where they’re unwinding. Only strikes observed on both days are compared; 2 strikes were in only one day’s snapshot (each keeps its largest strikes) and are left out. Biggest moves: 440 +5K · 500 −612 · 350 +505 · 450 +440
Volume by strike · Fri, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 39.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.07
330
0.0025
0.38
-0.10
-0.12
0.85
-0.09
340
0.0030
0.44
-0.11
-0.15
0.82
-0.10
350
0.0035
0.50
-0.13
-0.19
0.78
-0.12
360
0.0040
0.56
-0.14
-0.23
0.73
-0.14
370
0.0044
0.62
-0.15
-0.27
0.68
-0.15
380
0.0048
0.67
-0.17
-0.32
0.63
-0.16
390
0.0052
0.70
-0.17
-0.38
0.58
-0.17
400
0.0054
0.73
-0.18
-0.43
0.52
-0.17
410
0.0055
0.74
-0.18
-0.49
0.47
-0.17
420
0.0055
0.74
-0.17
-0.54
0.42
-0.17
430
0.0054
0.73
-0.17
-0.60
0.37
-0.17
440
0.0053
0.70
-0.16
-0.65
0.32
-0.16
450
0.0050
0.67
-0.15
-0.70
0.28
-0.15
460
0.0047
0.63
-0.14
-0.74
0.24
-0.14
470
0.0043
0.58
-0.12
-0.79
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.