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 — 190 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)CRWD 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 ≈ 66.4% · 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
0.86
-0.14
175
0.0057
0.14
-0.15
-0.14
0.82
-0.17
180
0.0066
0.16
-0.17
-0.18
0.78
-0.19
185
0.0075
0.18
-0.19
-0.22
0.74
-0.21
190
0.0083
0.20
-0.21
-0.26
0.69
-0.23
195
0.0089
0.21
-0.23
-0.31
0.64
-0.24
200
0.0094
0.23
-0.25
-0.36
0.59
-0.26
205
0.0098
0.23
-0.26
-0.41
0.54
-0.26
210
0.0100
0.24
-0.26
-0.46
0.49
-0.27
215
0.0100
0.24
-0.27
-0.51
0.45
-0.26
220
0.0098
0.24
-0.27
-0.56
0.40
-0.26
225
0.0096
0.23
-0.26
-0.60
0.36
-0.25
230
0.0092
0.23
-0.25
-0.65
0.32
-0.24
235
0.0088
0.21
-0.24
-0.69
0.28
-0.23
240
0.0083
0.20
-0.23
-0.72
0.25
-0.21
245
0.0078
0.19
-0.21
-0.76
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 33 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.