Event risk before this expiration:FOMC decision Wed, Oct 28 — 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 — 116 — is the max pain price.
Open interest by strike · Fri, Oct 30
■ calls (up)■ puts (down)AFL open contracts per strike for Fri, Oct 30.
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 30
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 30
— call IV— put IVATM ≈ 22.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 30
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 30
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.03
114
0.0193
0.01
-0.03
-0.04
0.95
-0.04
115
0.0275
0.01
-0.04
-0.05
0.92
-0.06
116
0.0391
0.02
-0.06
-0.08
0.89
-0.08
117
0.0553
0.03
-0.08
-0.11
0.83
-0.10
118
0.0766
0.03
-0.10
-0.17
0.76
-0.12
119
0.1018
0.04
-0.13
-0.25
0.65
-0.14
120
0.1262
0.05
-0.15
-0.36
0.52
-0.15
121
0.1407
0.05
-0.15
-0.49
0.38
-0.14
122
0.1366
0.05
-0.14
-0.63
0.25
-0.11
123
0.1146
0.04
-0.11
-0.76
0.16
-0.08
124
0.0850
0.03
-0.08
-0.86
0.09
-0.06
125
0.0578
0.02
-0.06
-0.92
0.06
-0.04
126
0.0374
0.01
-0.04
-0.96
0.03
-0.02
127
0.0236
0.01
-0.02
-0.98
0.02
-0.01
128
0.0148
0.01
-0.02
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.