Event risk before this expiration:Jobs report Fri, Aug 7 · CPI release Wed, Aug 12 — 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 — 70 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)ALC open contracts per strike for Fri, Aug 21.
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 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 21
— call IV— put IVATM ≈ 45.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 21
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 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.01
50
0.0032
0.01
-0.01
-0.01
0.97
-0.02
55
0.0074
0.01
-0.02
-0.03
0.95
-0.03
57.5
0.0113
0.02
-0.03
-0.05
0.92
-0.04
60
0.0172
0.02
-0.04
-0.08
0.88
-0.05
62.5
0.0259
0.03
-0.05
-0.12
0.81
-0.06
65
0.0378
0.04
-0.06
-0.19
0.70
-0.07
67.5
0.0510
0.05
-0.07
-0.30
0.56
-0.08
70
0.0601
0.06
-0.08
-0.44
0.41
-0.08
72.5
0.0591
0.06
-0.08
-0.59
0.29
-0.07
75
0.0499
0.05
-0.07
-0.72
0.20
-0.06
77.5
0.0386
0.04
-0.06
-0.81
0.14
-0.05
80
0.0289
0.03
-0.05
-0.87
0.10
-0.04
82.5
0.0216
0.03
-0.04
-0.91
0.07
-0.04
85
0.0162
0.02
-0.04
-0.93
0.06
-0.03
87.5
0.0124
0.02
-0.03
-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 20 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.