Event risk before this expiration:FOMC decision Wed, Sep 16 · Jobs report Fri, Oct 2 — 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 — 290 — is the max pain price.
Open interest by strike · Fri, Oct 9
■ calls (up)■ puts (down)CME open contracts per strike for Fri, Oct 9.
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, Oct 9
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 9
— call IV— put IVATM ≈ 23.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 9
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, Oct 9
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.04
240
0.0039
0.07
-0.04
-0.04
0.94
-0.05
245
0.0055
0.10
-0.05
-0.06
0.91
-0.06
250
0.0076
0.13
-0.06
-0.09
0.87
-0.07
255
0.0103
0.16
-0.07
-0.13
0.82
-0.09
260
0.0136
0.20
-0.09
-0.18
0.74
-0.11
265
0.0172
0.25
-0.11
-0.26
0.65
-0.12
270
0.0203
0.28
-0.12
-0.35
0.55
-0.13
275
0.0222
0.30
-0.13
-0.46
0.43
-0.12
280
0.0222
0.30
-0.13
-0.57
0.33
-0.12
285
0.0204
0.28
-0.12
-0.68
0.24
-0.10
290
0.0174
0.24
-0.10
-0.77
0.17
-0.08
295
0.0140
0.20
-0.09
-0.84
0.12
-0.07
300
0.0108
0.16
-0.07
-0.90
0.09
-0.05
305
0.0081
0.12
-0.06
-0.94
0.06
-0.04
310
0.0060
0.09
-0.04
-0.96
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 18 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.