Event risk before this expiration:Jobs report Fri, Oct 2 · CPI release Wed, Oct 14 — 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 — 315 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)FDX open contracts per strike for Fri, Oct 23.
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 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 27.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.93
-0.06
260
0.0048
0.12
-0.06
-0.07
0.90
-0.07
265
0.0062
0.15
-0.07
-0.10
0.87
-0.08
270
0.0079
0.18
-0.09
-0.13
0.83
-0.10
275
0.0099
0.22
-0.10
-0.17
0.78
-0.12
280
0.0119
0.26
-0.12
-0.23
0.71
-0.13
285
0.0138
0.30
-0.14
-0.29
0.64
-0.14
290
0.0154
0.33
-0.15
-0.37
0.56
-0.15
295
0.0164
0.34
-0.15
-0.45
0.48
-0.15
300
0.0167
0.34
-0.15
-0.53
0.40
-0.15
305
0.0162
0.33
-0.15
-0.62
0.32
-0.14
310
0.0151
0.31
-0.14
-0.69
0.25
-0.12
315
0.0134
0.28
-0.12
-0.77
0.19
-0.10
320
0.0116
0.24
-0.11
-0.82
0.15
-0.09
325
0.0096
0.20
-0.09
-0.87
0.11
-0.07
330
0.0078
0.17
-0.08
-0.91
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 25 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.