Event risk before this expiration: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 — 190 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)XPO 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 ≈ 47.3% · 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
0.89
-0.11
155
0.0060
0.09
-0.11
-0.10
0.86
-0.13
160
0.0074
0.10
-0.13
-0.13
0.83
-0.14
165
0.0092
0.12
-0.14
-0.17
0.78
-0.16
170
0.0112
0.14
-0.16
-0.22
0.72
-0.17
175
0.0134
0.16
-0.17
-0.27
0.65
-0.18
180
0.0155
0.18
-0.18
-0.34
0.57
-0.19
185
0.0170
0.19
-0.19
-0.43
0.48
-0.19
190
0.0177
0.19
-0.19
-0.51
0.40
-0.18
195
0.0172
0.19
-0.18
-0.60
0.32
-0.17
200
0.0158
0.17
-0.17
-0.68
0.20
-0.14
210
0.0120
0.14
-0.14
-0.79
0.13
-0.11
220
0.0085
0.10
-0.11
-0.86
0.09
-0.09
230
0.0060
0.08
-0.09
-0.91
0.07
-0.07
240
0.0044
0.06
-0.07
-0.94
0.05
-0.06
250
0.0032
0.05
-0.06
-0.95
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 33 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.