Event risk before this expiration:CPI release Wed, Oct 14 — 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 — 56 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)BAC open contracts per strike for Fri, Oct 23.
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 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 31.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.01
47
0.0148
0.01
-0.01
-0.03
0.96
-0.01
48
0.0217
0.01
-0.01
-0.04
0.94
-0.01
49
0.0321
0.01
-0.01
-0.06
0.91
-0.02
50
0.0472
0.02
-0.02
-0.09
0.85
-0.03
51
0.0672
0.03
-0.03
-0.15
0.78
-0.04
52
0.0900
0.03
-0.04
-0.22
0.68
-0.04
53
0.1100
0.04
-0.04
-0.33
0.56
-0.05
54
0.1218
0.04
-0.05
-0.44
0.44
-0.05
55
0.1224
0.04
-0.05
-0.57
0.32
-0.04
56
0.1118
0.04
-0.04
-0.69
0.22
-0.03
57
0.0930
0.03
-0.03
-0.79
0.14
-0.03
58
0.0708
0.02
-0.03
-0.87
0.09
-0.02
59
0.0502
0.02
-0.02
-0.92
0.06
-0.01
60
0.0340
0.01
-0.01
-0.96
0.04
-0.01
61
0.0227
0.01
-0.01
-0.98
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 35 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.