Event risk before this expiration: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 — 120 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)CHKP open contracts per strike for Fri, Jan 15.
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 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 43.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.89
-0.04
125
0.0051
0.14
-0.04
-0.11
0.86
-0.04
130
0.0063
0.16
-0.05
-0.14
0.83
-0.05
135
0.0075
0.19
-0.05
-0.17
0.78
-0.06
140
0.0088
0.22
-0.06
-0.22
0.73
-0.07
145
0.0099
0.25
-0.07
-0.27
0.68
-0.07
150
0.0109
0.27
-0.07
-0.33
0.62
-0.08
155
0.0116
0.29
-0.08
-0.39
0.56
-0.08
160
0.0120
0.29
-0.08
-0.45
0.50
-0.08
165
0.0122
0.30
-0.08
-0.51
0.44
-0.08
170
0.0121
0.29
-0.08
-0.57
0.38
-0.08
175
0.0117
0.29
-0.08
-0.63
0.33
-0.07
180
0.0111
0.27
-0.07
-0.68
0.29
-0.07
185
0.0104
0.26
-0.07
-0.73
0.24
-0.06
190
0.0096
0.24
-0.07
-0.77
0.21
-0.06
195
0.0087
0.21
-0.06
-0.81
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.