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 — 55 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)VVX 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
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 54.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.04
40
0.0028
0.01
-0.03
-0.03
0.96
-0.04
45
0.0042
0.01
-0.04
-0.04
0.95
-0.05
50
0.0064
0.02
-0.04
-0.06
0.92
-0.05
55
0.0097
0.03
-0.05
-0.09
0.87
-0.06
60
0.0149
0.04
-0.06
-0.13
0.80
-0.07
65
0.0231
0.06
-0.06
-0.21
0.67
-0.07
70
0.0338
0.07
-0.07
-0.33
0.48
-0.07
75
0.0392
0.08
-0.07
-0.52
0.31
-0.07
80
0.0331
0.07
-0.07
-0.68
0.21
-0.06
85
0.0243
0.06
-0.06
-0.79
0.14
-0.05
90
0.0176
0.05
-0.05
-0.85
0.11
-0.04
95
0.0131
0.04
-0.04
-0.89
0.08
-0.04
100
0.0100
0.03
-0.04
-0.91
0.07
-0.04
105
0.0078
0.03
-0.04
-0.93
0.05
-0.03
110
0.0063
0.02
-0.03
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 19 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.