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 — 70 — is the max pain price.
Open interest by strike · Fri, Jan 21
■ calls (up)■ puts (down)BYD open contracts per strike for Fri, Jan 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, Jan 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 21
— call IV— put IVATM ≈ 29.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 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, Jan 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.93
-0.00
45
0.0038
0.12
-0.01
-0.07
0.86
-0.00
55
0.0066
0.19
-0.01
-0.14
0.82
-0.01
60
0.0084
0.23
-0.01
-0.18
0.77
-0.01
65
0.0103
0.27
-0.01
-0.23
0.71
-0.01
70
0.0120
0.30
-0.01
-0.30
0.68
-0.01
72.5
0.0129
0.31
-0.01
-0.33
0.65
-0.01
75
0.0136
0.33
-0.01
-0.37
0.61
-0.01
77.5
0.0142
0.34
-0.01
-0.41
0.58
-0.01
80
0.0148
0.34
-0.01
-0.45
0.54
-0.01
82.5
0.0152
0.35
-0.01
-0.49
0.51
-0.01
85
0.0154
0.35
-0.01
-0.54
0.47
-0.01
87.5
0.0155
0.35
-0.01
-0.58
0.43
-0.01
90
0.0155
0.35
-0.01
-0.62
0.40
-0.01
92.5
0.0154
0.34
-0.01
-0.67
0.37
-0.01
95
0.0151
0.33
-0.01
-0.71
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 23 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.