Event risk before this expiration:Jobs report Fri, Aug 7 · CPI release Wed, Aug 12 — 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 — 19 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)FCEL open contracts per strike for Fri, Aug 21.
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, Aug 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 21
— call IV— put IVATM ≈ 140.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 21
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, Aug 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.85
-0.04
16
0.0309
0.01
-0.04
-0.15
0.81
-0.05
17
0.0366
0.01
-0.05
-0.19
0.79
-0.05
17.5
0.0393
0.01
-0.05
-0.22
0.76
-0.06
18
0.0419
0.02
-0.06
-0.24
0.71
-0.06
19
0.0463
0.02
-0.06
-0.29
0.66
-0.07
20
0.0497
0.02
-0.07
-0.34
0.60
-0.07
21
0.0520
0.02
-0.07
-0.40
0.58
-0.07
21.5
0.0527
0.02
-0.07
-0.42
0.55
-0.07
22
0.0532
0.02
-0.07
-0.45
0.53
-0.07
22.5
0.0534
0.02
-0.07
-0.48
0.50
-0.07
23
0.0534
0.02
-0.07
-0.50
0.48
-0.07
23.5
0.0531
0.02
-0.07
-0.53
0.45
-0.07
24
0.0527
0.02
-0.07
-0.55
0.41
-0.07
25
0.0513
0.02
-0.07
-0.59
0.37
-0.07
26
0.0494
0.02
-0.07
-0.64
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 38 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.