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Max pain // Cboe delayed data · as of Oct 30, 1:44 PM ET

VST max pain

Spot (delayed)$137
Max pain · Fri, Oct 30$145+5.8% vs spot
Expected move (ATM straddle)±$8.22±6.0% by Fri, Oct 30
Put/Call OI0.6412K puts / 19K calls
Call wall$170largest call OI
Put wall$135largest put OI
IV3051.2%30-day implied vol
Fri, Oct 30145Fri, Nov 6147Fri, Nov 13148Fri, Nov 20150Fri, Nov 27143Fri, Dec 4144Fri, Dec 18150Fri, Jan 15155Fri, Mar 19165Fri, Apr 16140+8 further out

Max pain levels

ExpiryMax painvs spotDTE
Fri, Oct 30$145+5.8%today
Fri, Nov 6$147+7.3%7d
Fri, Nov 13$148+8.0%14d
Fri, Nov 20$150+9.5%21d
Fri, Nov 27$143+4.4%28d
Fri, Dec 4$144+5.1%35d
Fri, Dec 18$150+9.5%49d
Fri, Jan 15$155+13.1%77d
Fri, Mar 19$165+20.4%140d
Fri, Apr 16$140+2.2%168d

The writer-loss curve — where max pain comes from

spot14570100130160190220$113M$0
■ 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 — 145 — is the max pain price.

Open interest by strike · Fri, Oct 30

spot14570120135145162.5187.54K4K
■ calls (up)■ puts (down)VST open contracts per strike for Fri, Oct 30.

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, Oct 30

spot14570120135145162.5187.511
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).

Greeks by strike · Fri, Oct 30

Call ΔCall ΘStrikeΓVegaPut ΘPut Δ
——130————
——131————
——132————
——133————
——134————
——135————
——136————
——137————
——138————
——139————
——140————
——141————
——142————
——143————
——144————

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

spot70120135145162.5187.510K0
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.

All expirations combined — total open interest

spot7011014216520526033K33K
■ calls (up)■ puts (down)Every expiration combined: 257K call contracts, 262K put contracts open.

Reading this honestly

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.

Keep going: VST workspace · max pain, explained in full · options profit calculator · iron condor and credit spread calculator · GEX, defined · pin risk