Event risk before this expiration:Jobs report Fri, Aug 7 — 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 — 245 — is the max pain price.
Open interest by strike · Fri, Aug 7
■ calls (up)■ puts (down)ADBE open contracts per strike for Fri, Aug 7.
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, Aug 7
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 7
— call IV— put IVATM ≈ 63.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 7
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, Aug 7
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.11
232.5
0.0038
0.01
-0.11
-0.02
0.97
-0.15
235
0.0050
0.01
-0.15
-0.03
0.96
-0.21
237.5
0.0067
0.02
-0.21
-0.04
0.94
-0.28
240
0.0090
0.02
-0.29
-0.06
0.92
-0.39
242.5
0.0119
0.03
-0.39
-0.08
0.89
-0.53
245
0.0154
0.04
-0.53
-0.11
0.84
-0.70
247.5
0.0194
0.05
-0.70
-0.16
0.79
-0.90
250
0.0236
0.06
-0.90
-0.21
0.72
-1.09
252.5
0.0274
0.06
-1.09
-0.28
0.65
-1.26
255
0.0304
0.07
-1.26
-0.35
0.57
-1.37
257.5
0.0322
0.08
-1.37
-0.43
0.49
-1.41
260
0.0324
0.08
-1.41
-0.51
0.41
-1.37
262.5
0.0314
0.07
-1.38
-0.59
0.34
-1.27
265
0.0292
0.07
-1.28
-0.66
0.28
-1.13
267.5
0.0262
0.06
-1.14
-0.73
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 52 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.