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 — 140 — is the max pain price.
Open interest by strike · Fri, Feb 19
■ calls (up)■ puts (down)CAR open contracts per strike for Fri, Feb 19.
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, Feb 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Feb 19
— call IV— put IVATM ≈ 62.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Feb 19
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, Feb 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.92
-0.02
65
0.0039
0.09
-0.03
-0.09
0.89
-0.03
70
0.0050
0.11
-0.03
-0.12
0.85
-0.03
75
0.0061
0.14
-0.04
-0.15
0.81
-0.04
80
0.0072
0.16
-0.04
-0.20
0.76
-0.04
85
0.0081
0.18
-0.05
-0.24
0.71
-0.05
90
0.0090
0.20
-0.05
-0.29
0.66
-0.05
95
0.0097
0.21
-0.06
-0.34
0.61
-0.06
100
0.0102
0.22
-0.06
-0.40
0.56
-0.06
105
0.0105
0.23
-0.06
-0.45
0.51
-0.06
110
0.0107
0.23
-0.06
-0.50
0.46
-0.06
115
0.0107
0.23
-0.06
-0.55
0.41
-0.06
120
0.0105
0.23
-0.06
-0.60
0.37
-0.06
125
0.0101
0.22
-0.06
-0.64
0.33
-0.06
130
0.0096
0.21
-0.05
-0.68
0.30
-0.05
135
0.0091
0.20
-0.05
-0.72
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 36 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.