Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 — 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 — 88 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)URBN open contracts per strike for Fri, Nov 6.
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 6
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 6
— call IV— put IVATM ≈ 42.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 6
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 6
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.83
-0.09
84
0.0329
0.04
-0.09
-0.17
0.80
-0.09
85
0.0377
0.04
-0.10
-0.20
0.76
-0.10
86
0.0426
0.05
-0.10
-0.24
0.72
-0.11
87
0.0474
0.05
-0.11
-0.28
0.67
-0.12
88
0.0518
0.06
-0.12
-0.33
0.62
-0.12
89
0.0553
0.06
-0.12
-0.39
0.56
-0.12
90
0.0575
0.06
-0.13
-0.44
0.50
-0.13
91
0.0583
0.06
-0.13
-0.50
0.45
-0.13
92
0.0576
0.06
-0.13
-0.56
0.39
-0.12
93
0.0555
0.06
-0.12
-0.61
0.34
-0.12
94
0.0524
0.06
-0.12
-0.66
0.29
-0.11
95
0.0486
0.05
-0.11
-0.71
0.25
-0.10
96
0.0444
0.05
-0.10
-0.75
0.07
-0.05
105
0.0155
0.02
-0.05
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 28 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.