Event risk before this expiration:FOMC decision Wed, Sep 16 · Jobs report Fri, Oct 2 · CPI release Wed, Oct 14 · 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 — 220 — is the max pain price.
Open interest by strike · Fri, Mar 19
■ calls (up)■ puts (down)ALL open contracts per strike for Fri, Mar 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, Mar 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Mar 19
— call IV— put IVATM ≈ 27.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Mar 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, Mar 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.93
-0.02
190
0.0024
0.26
-0.02
-0.08
0.91
-0.02
195
0.0028
0.29
-0.03
-0.09
0.90
-0.02
200
0.0032
0.33
-0.03
-0.11
0.86
-0.03
210
0.0042
0.41
-0.03
-0.15
0.81
-0.04
220
0.0052
0.50
-0.04
-0.20
0.75
-0.04
230
0.0063
0.58
-0.04
-0.26
0.68
-0.05
240
0.0072
0.65
-0.05
-0.33
0.60
-0.05
250
0.0080
0.70
-0.05
-0.41
0.52
-0.05
260
0.0084
0.72
-0.05
-0.49
0.44
-0.05
270
0.0084
0.71
-0.05
-0.58
0.36
-0.05
280
0.0081
0.68
-0.05
-0.66
0.29
-0.04
290
0.0075
0.62
-0.04
-0.74
0.23
-0.04
300
0.0066
0.56
-0.04
-0.81
0.18
-0.03
310
0.0057
0.48
-0.04
-0.88
0.14
-0.03
320
0.0048
0.40
-0.04
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 36 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.