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 — 175 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)CRM 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 ≈ 54.3% · 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
0.95
-0.05
150
0.0034
0.06
-0.06
-0.05
0.93
-0.07
155
0.0045
0.08
-0.07
-0.07
0.90
-0.09
160
0.0058
0.10
-0.09
-0.10
0.86
-0.11
165
0.0072
0.12
-0.11
-0.14
0.81
-0.13
170
0.0087
0.15
-0.14
-0.19
0.76
-0.15
175
0.0101
0.17
-0.16
-0.24
0.70
-0.17
180
0.0113
0.19
-0.18
-0.30
0.64
-0.19
185
0.0123
0.21
-0.19
-0.36
0.58
-0.20
190
0.0130
0.22
-0.20
-0.42
0.51
-0.20
195
0.0132
0.22
-0.20
-0.49
0.45
-0.20
200
0.0132
0.22
-0.20
-0.56
0.39
-0.19
205
0.0127
0.21
-0.19
-0.62
0.33
-0.18
210
0.0120
0.20
-0.18
-0.68
0.28
-0.17
215
0.0111
0.18
-0.17
-0.73
0.23
-0.15
220
0.0101
0.17
-0.15
-0.78
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 32 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.