Event risk before this expiration:Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 10 — 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 — 60 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)INBX open contracts per strike for Fri, Jan 15.
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, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 89.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.05
60
0.0041
0.09
-0.06
-0.12
0.85
-0.06
65
0.0050
0.10
-0.06
-0.14
0.82
-0.07
70
0.0059
0.12
-0.07
-0.18
0.78
-0.08
75
0.0068
0.13
-0.08
-0.22
0.73
-0.08
80
0.0077
0.14
-0.09
-0.26
0.69
-0.09
85
0.0084
0.16
-0.09
-0.31
0.64
-0.09
90
0.0090
0.17
-0.09
-0.35
0.59
-0.10
95
0.0094
0.17
-0.10
-0.40
0.55
-0.10
100
0.0097
0.18
-0.10
-0.45
0.50
-0.10
105
0.0098
0.18
-0.10
-0.50
0.46
-0.10
110
0.0097
0.18
-0.10
-0.54
0.42
-0.10
115
0.0095
0.17
-0.10
-0.58
0.38
-0.10
120
0.0093
0.17
-0.10
-0.62
0.34
-0.09
125
0.0089
0.17
-0.09
-0.65
0.31
-0.09
130
0.0086
0.16
-0.09
-0.69
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 47 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.