Event risk before this expiration: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 — 85 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)BHP 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 ≈ 41.6% · 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
0.97
-0.02
72.5
0.0060
0.01
-0.02
-0.03
0.96
-0.03
75
0.0090
0.02
-0.03
-0.04
0.94
-0.04
77.5
0.0133
0.02
-0.04
-0.06
0.90
-0.05
80
0.0197
0.03
-0.05
-0.10
0.85
-0.07
82.5
0.0285
0.04
-0.07
-0.15
0.77
-0.08
85
0.0391
0.05
-0.08
-0.23
0.66
-0.10
87.5
0.0490
0.07
-0.10
-0.34
0.53
-0.10
90
0.0542
0.07
-0.10
-0.47
0.40
-0.10
92.5
0.0522
0.07
-0.10
-0.60
0.29
-0.09
95
0.0449
0.06
-0.09
-0.72
0.20
-0.08
97.5
0.0357
0.05
-0.08
-0.80
0.14
-0.06
100
0.0271
0.04
-0.06
-0.87
0.07
-0.04
105
0.0149
0.02
-0.04
-0.94
0.04
-0.03
110
0.0081
0.01
-0.03
-0.97
0.02
-0.02
115
0.0046
0.01
-0.01
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 32 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.