Event risk before this expiration:Jobs report Fri, Oct 2 · CPI release Wed, Oct 14 — 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 — 255 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)ADBE open contracts per strike for Fri, Oct 23.
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, Oct 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 40.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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, Oct 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.90
-0.08
215
0.0057
0.14
-0.08
-0.10
0.86
-0.10
220
0.0071
0.17
-0.10
-0.14
0.82
-0.11
225
0.0086
0.20
-0.11
-0.18
0.77
-0.13
230
0.0100
0.23
-0.13
-0.23
0.71
-0.15
235
0.0112
0.26
-0.15
-0.29
0.65
-0.16
240
0.0122
0.28
-0.16
-0.35
0.59
-0.17
245
0.0129
0.30
-0.17
-0.41
0.52
-0.17
250
0.0132
0.31
-0.17
-0.48
0.46
-0.17
255
0.0132
0.31
-0.17
-0.55
0.40
-0.17
260
0.0128
0.30
-0.17
-0.61
0.34
-0.16
265
0.0121
0.28
-0.16
-0.67
0.28
-0.15
270
0.0112
0.26
-0.15
-0.73
0.24
-0.13
275
0.0101
0.24
-0.14
-0.78
0.20
-0.12
280
0.0090
0.21
-0.13
-0.82
0.16
-0.11
285
0.0079
0.19
-0.11
-0.85
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 40 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.