Event risk before this expiration:Jobs report Fri, Aug 7 · CPI release Wed, Aug 12 · Jobs report Fri, Sep 4 — 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 — 925 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)COST open contracts per strike for Fri, Sep 4.
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, Sep 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 4
— call IV— put IVATM ≈ 23.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 4
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, Sep 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.70
-0.35
915
0.0056
0.94
-0.36
-0.30
0.68
-0.37
920
0.0058
0.97
-0.38
-0.33
0.65
-0.38
925
0.0060
1.01
-0.39
-0.36
0.61
-0.39
930
0.0062
1.03
-0.40
-0.39
0.58
-0.40
935
0.0063
1.05
-0.41
-0.42
0.55
-0.41
940
0.0064
1.07
-0.42
-0.46
0.52
-0.41
945
0.0064
1.08
-0.42
-0.49
0.49
-0.41
950
0.0064
1.08
-0.42
-0.52
0.46
-0.41
955
0.0064
1.07
-0.42
-0.56
0.42
-0.40
960
0.0063
1.06
-0.41
-0.59
0.40
-0.40
965
0.0062
1.04
-0.41
-0.62
0.31
-0.36
980
0.0056
0.96
-0.38
-0.71
0.26
-0.34
990
0.0052
0.88
-0.35
-0.76
0.24
-0.32
995
0.0049
0.84
-0.33
-0.79
0.21
-0.30
1000
0.0046
0.80
-0.32
-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 60 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.