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 — 19 — is the max pain price.
Open interest by strike · Tue, Nov 24
■ calls (up)■ puts (down)VIX open contracts per strike for Tue, Nov 24.
Open-interest change · 2026-10-23 → 2026-10-26
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. Biggest moves: 19 +1K · 80 +149 · 55 +98 · 25 +68
Volume by strike · Tue, Nov 24
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Tue, Nov 24
— call IV— put IVATM ≈ 82.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Tue, Nov 24
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 · Tue, Nov 24
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.00
13
0.0106
0.00
-0.00
-0.01
0.98
-0.00
13.5
0.0149
0.00
-0.00
-0.02
0.97
-0.00
14
0.0208
0.00
-0.00
-0.03
0.96
-0.00
14.5
0.0287
0.01
-0.01
-0.04
0.94
-0.01
15
0.0394
0.01
-0.01
-0.06
0.85
-0.01
16
0.0694
0.01
-0.01
-0.15
0.73
-0.02
17
0.0850
0.02
-0.02
-0.26
0.63
-0.03
18
0.0879
0.02
-0.03
-0.37
0.54
-0.03
19
0.0847
0.02
-0.03
-0.46
0.47
-0.04
20
0.0790
0.02
-0.04
-0.53
0.41
-0.04
21
0.0725
0.02
-0.04
-0.59
0.36
-0.04
22
0.0661
0.02
-0.04
-0.64
0.32
-0.04
23
0.0602
0.02
-0.04
-0.68
0.29
-0.04
24
0.0548
0.02
-0.04
-0.71
0.26
-0.04
25
0.0500
0.02
-0.04
-0.74
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 40 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.