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 — 1100 — is the max pain price.
Open interest by strike · Fri, Apr 16
■ calls (up)■ puts (down)BLK open contracts per strike for Fri, Apr 16.
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, Apr 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Apr 16
— call IV— put IVATM ≈ 28.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Apr 16
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, Apr 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.72
-0.21
1030
0.0015
2.60
-0.22
-0.29
0.70
-0.21
1040
0.0016
2.67
-0.22
-0.31
0.69
-0.22
1050
0.0016
2.73
-0.23
-0.32
0.65
-0.23
1070
0.0017
2.84
-0.24
-0.36
0.62
-0.23
1090
0.0018
2.93
-0.24
-0.39
0.60
-0.23
1100
0.0018
2.97
-0.24
-0.41
0.58
-0.24
1110
0.0018
3.00
-0.25
-0.43
0.56
-0.24
1120
0.0018
3.02
-0.25
-0.45
0.55
-0.24
1130
0.0019
3.04
-0.25
-0.47
0.53
-0.24
1140
0.0019
3.06
-0.25
-0.49
0.51
-0.24
1150
0.0019
3.06
-0.25
-0.51
0.49
-0.24
1160
0.0019
3.06
-0.25
-0.53
0.46
-0.23
1180
0.0019
3.04
-0.25
-0.57
0.44
-0.23
1190
0.0019
3.02
-0.25
-0.58
0.42
-0.23
1200
0.0019
3.00
-0.24
-0.60
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 37 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.