Event risk before this expiration: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 — 207.5 — is the max pain price.
Open interest by strike · Fri, Oct 2
■ calls (up)■ puts (down)CVX open contracts per strike for Fri, Oct 2.
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 2
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 2
— call IV— put IVATM ≈ 27.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 2
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 2
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.03
180
0.0042
0.02
-0.03
-0.02
0.96
-0.04
185
0.0081
0.03
-0.04
-0.04
0.91
-0.08
190
0.0164
0.06
-0.08
-0.09
0.86
-0.10
192.5
0.0223
0.07
-0.11
-0.14
0.80
-0.13
195
0.0290
0.10
-0.14
-0.20
0.72
-0.16
197.5
0.0354
0.11
-0.16
-0.28
0.63
-0.18
200
0.0405
0.13
-0.18
-0.38
0.52
-0.19
202.5
0.0430
0.13
-0.19
-0.48
0.41
-0.18
205
0.0423
0.13
-0.18
-0.59
0.31
-0.16
207.5
0.0386
0.12
-0.17
-0.69
0.23
-0.14
210
0.0328
0.10
-0.14
-0.78
0.16
-0.11
212.5
0.0261
0.08
-0.11
-0.85
0.11
-0.08
215
0.0196
0.06
-0.09
-0.91
0.07
-0.06
217.5
0.0144
0.05
-0.07
-0.94
0.05
-0.05
220
0.0106
0.04
-0.05
-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 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.