Event risk before this expiration:FOMC decision Wed, Oct 28 · Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 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 — 55 — is the max pain price.
Open interest by strike · Fri, Feb 19
■ calls (up)■ puts (down)AIQ open contracts per strike for Fri, Feb 19.
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, Feb 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Feb 19
— call IV— put IVATM ≈ 30.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Feb 19
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, Feb 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.77
-0.01
55
0.0238
0.11
-0.02
-0.22
0.75
-0.02
56
0.0257
0.11
-0.02
-0.25
0.72
-0.02
57
0.0277
0.12
-0.02
-0.27
0.69
-0.02
58
0.0296
0.12
-0.02
-0.30
0.66
-0.02
59
0.0313
0.13
-0.02
-0.34
0.63
-0.02
60
0.0330
0.13
-0.02
-0.37
0.60
-0.02
61
0.0344
0.14
-0.02
-0.40
0.56
-0.02
62
0.0355
0.14
-0.02
-0.44
0.53
-0.02
63
0.0363
0.14
-0.02
-0.48
0.49
-0.02
64
0.0368
0.14
-0.02
-0.51
0.45
-0.02
65
0.0369
0.14
-0.02
-0.55
0.42
-0.02
66
0.0366
0.14
-0.02
-0.59
0.38
-0.02
67
0.0360
0.14
-0.02
-0.63
0.35
-0.02
68
0.0350
0.13
-0.02
-0.66
0.32
-0.02
69
0.0338
0.13
-0.02
-0.69
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 28 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.