Event risk before this expiration: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 — 15.5 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)VFC 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 ≈ 106.3% · 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
0.94
-0.02
13.5
0.0454
0.00
-0.02
-0.07
0.91
-0.02
14
0.0606
0.01
-0.02
-0.09
0.88
-0.03
14.5
0.0795
0.01
-0.03
-0.12
0.83
-0.03
15
0.1014
0.01
-0.03
-0.17
0.77
-0.04
15.5
0.1246
0.01
-0.04
-0.23
0.70
-0.04
16
0.1463
0.01
-0.04
-0.30
0.63
-0.04
16.5
0.1629
0.01
-0.04
-0.38
0.54
-0.05
17
0.1713
0.01
-0.05
-0.46
0.46
-0.05
17.5
0.1702
0.01
-0.05
-0.55
0.38
-0.04
18
0.1608
0.01
-0.04
-0.62
0.31
-0.04
18.5
0.1459
0.01
-0.04
-0.69
0.26
-0.04
19
0.1288
0.01
-0.04
-0.75
0.21
-0.04
19.5
0.1120
0.01
-0.04
-0.79
0.18
-0.03
20
0.0968
0.01
-0.03
-0.82
0.13
-0.03
21
0.0726
0.01
-0.03
-0.87
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 21 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.