Event risk before this expiration:FOMC decision Wed, Oct 28 · 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 — 110 — is the max pain price.
Open interest by strike · Fri, Nov 6
■ calls (up)■ puts (down)W 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 ≈ 91.0% · 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
0.66
-0.24
107
0.0163
0.09
-0.24
-0.34
0.64
-0.25
108
0.0166
0.09
-0.25
-0.36
0.62
-0.25
109
0.0169
0.09
-0.25
-0.38
0.61
-0.25
110
0.0172
0.10
-0.26
-0.40
0.59
-0.26
111
0.0174
0.10
-0.26
-0.41
0.57
-0.26
112
0.0176
0.10
-0.26
-0.43
0.55
-0.26
113
0.0177
0.10
-0.26
-0.45
0.54
-0.26
114
0.0179
0.10
-0.26
-0.47
0.52
-0.26
115
0.0179
0.10
-0.26
-0.48
0.50
-0.26
116
0.0180
0.10
-0.26
-0.50
0.48
-0.26
117
0.0180
0.10
-0.26
-0.52
0.46
-0.26
118
0.0179
0.10
-0.26
-0.54
0.43
-0.26
120
0.0177
0.10
-0.26
-0.57
0.35
-0.24
125
0.0167
0.09
-0.24
-0.65
0.28
-0.22
130
0.0152
0.08
-0.22
-0.72
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 44 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.