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 — 235 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)AMZN open contracts per strike for Fri, Jan 15.
Open-interest change · 2026-10-23 → 2026-10-26
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot: where the walls are building and where they’re unwinding. Only strikes observed on both days are compared. Biggest moves: 240 +593 · 250 +584 · 255 +512 · 225 +289
Volume by strike · Fri, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 35.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.84
-0.07
215
0.0054
0.29
-0.07
-0.17
0.81
-0.07
220
0.0060
0.33
-0.08
-0.20
0.77
-0.08
225
0.0067
0.36
-0.09
-0.23
0.73
-0.09
230
0.0073
0.39
-0.09
-0.27
0.69
-0.09
235
0.0079
0.41
-0.10
-0.31
0.65
-0.10
240
0.0084
0.43
-0.10
-0.35
0.61
-0.10
245
0.0088
0.45
-0.11
-0.40
0.56
-0.10
250
0.0090
0.46
-0.11
-0.45
0.52
-0.11
255
0.0092
0.47
-0.11
-0.49
0.47
-0.10
260
0.0092
0.47
-0.11
-0.54
0.43
-0.10
265
0.0091
0.46
-0.11
-0.58
0.39
-0.10
270
0.0089
0.45
-0.10
-0.63
0.34
-0.10
275
0.0086
0.43
-0.10
-0.67
0.30
-0.09
280
0.0082
0.41
-0.09
-0.71
0.27
-0.09
285
0.0078
0.39
-0.09
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 57 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.