SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 9, 6:38 PM ET
How18 put contracts / 13 call contracts = 1.38 for the 2026-11-20 expiration. Open interest is published once a day, before the open, so it describes the previous session.
Too thin to read: 31 open contracts across 12 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)VV open contracts per strike for Fri, Nov 20.
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 20
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 18.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Greeks by strike · Fri, Nov 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.14
310
0.0048
0.07
-0.14
-0.06
0.93
-0.15
315
0.0061
0.09
-0.15
-0.08
0.88
-0.17
325
0.0103
0.12
-0.17
-0.12
0.84
-0.19
330
0.0138
0.14
-0.19
-0.16
0.79
-0.20
335
0.0189
0.17
-0.20
-0.21
0.70
-0.21
340
0.0262
0.21
-0.21
-0.30
0.57
-0.21
345
0.0345
0.24
-0.21
-0.43
0.39
-0.18
350
0.0367
0.23
-0.18
-0.61
0.23
-0.15
355
0.0282
0.19
-0.15
-0.77
0.14
-0.12
360
0.0190
0.14
-0.12
-0.85
0.10
-0.10
365
0.0128
0.11
-0.10
-0.90
0.07
-0.09
370
0.0089
0.08
-0.08
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. 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.
Max pain, walls and gamma print only when an expiration holds at least 100 open contracts across 5 strikes, and max pain also needs to stay within 5% of spot when its single heaviest strike is removed. Below that the expiration reads as thin rather than printing a level one trade could move.
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.