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 — 285 — is the max pain price.
Open interest by strike · Fri, Feb 19
■ calls (up)■ puts (down)IWM open contracts per strike for Fri, Feb 19.
Open-interest change · 2026-10-28 → 2026-10-29
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot: where the walls are building and where they’re unwinding. Only strikes observed on both days are compared. Biggest moves: 240 +2K · 225 +700 · 260 +699 · 305 +92
Volume by strike · Fri, Feb 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Feb 19
— call IV— put IVATM ≈ 19.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Feb 19
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, Feb 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.86
-0.03
250
0.0058
0.36
-0.04
-0.14
0.83
-0.03
255
0.0067
0.40
-0.04
-0.17
0.80
-0.04
260
0.0078
0.44
-0.04
-0.20
0.76
-0.04
265
0.0089
0.49
-0.05
-0.24
0.72
-0.04
270
0.0101
0.53
-0.05
-0.29
0.67
-0.05
275
0.0113
0.57
-0.05
-0.34
0.61
-0.05
280
0.0124
0.60
-0.05
-0.40
0.55
-0.05
285
0.0132
0.62
-0.05
-0.47
0.48
-0.05
290
0.0136
0.63
-0.05
-0.54
0.41
-0.05
295
0.0137
0.61
-0.05
-0.62
0.34
-0.04
300
0.0132
0.58
-0.04
-0.69
0.28
-0.04
305
0.0124
0.54
-0.04
-0.76
0.22
-0.03
310
0.0111
0.48
-0.03
-0.82
0.13
-0.02
320
0.0081
0.35
-0.02
-0.93
0.10
-0.02
325
0.0066
0.29
-0.04
-0.98
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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.