SourcePut open interest divided by call open interest
As ofCboe delayed snapshot Nov 9, 7:09 PM ET
How19 put contracts / 29 call contracts = 0.66 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: 48 open contracts across 10 strikes. Max pain, walls and gamma print from 100 contracts across 5 strikes.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)XLG 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 ≈ 25.4% · 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
0.87
-0.04
57
0.0642
0.02
-0.04
-0.15
0.82
-0.05
58
0.0852
0.03
-0.04
-0.20
0.75
-0.05
59
0.1134
0.03
-0.05
-0.27
0.64
-0.05
60
0.1466
0.04
-0.05
-0.37
0.49
-0.05
61
0.1688
0.04
-0.04
-0.52
0.33
-0.04
62
0.1537
0.04
-0.04
-0.68
0.21
-0.03
63
0.1143
0.03
-0.03
-0.79
0.14
-0.03
64
0.0798
0.02
-0.03
-0.86
0.10
-0.02
65
0.0562
0.02
-0.02
-0.90
0.07
-0.02
66
0.0406
0.01
-0.02
-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.