Event risk before this expiration:FOMC decision Wed, Oct 28 — 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 — 26 — is the max pain price.
Open interest by strike · Fri, Oct 30
■ calls (up)■ puts (down)JD open contracts per strike for Fri, Oct 30.
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 30
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 30
— call IV— put IVATM ≈ 32.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 30
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 30
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
1.00
—
18
0.0014
0.00
-0.00
-0.00
0.99
-0.00
21
0.0105
0.00
-0.00
-0.01
0.98
-0.01
22
0.0244
0.00
-0.01
-0.02
0.96
-0.01
23
0.0640
0.00
-0.01
-0.04
0.93
-0.02
23.5
0.1083
0.00
-0.02
-0.07
0.88
-0.03
24
0.1865
0.01
-0.03
-0.12
0.78
-0.04
24.5
0.3123
0.01
-0.04
-0.22
0.60
-0.04
25
0.4492
0.01
-0.04
-0.40
0.37
-0.04
25.5
0.4528
0.01
-0.04
-0.64
0.19
-0.03
26
0.3117
0.01
-0.03
-0.82
0.10
-0.02
26.5
0.1793
0.01
-0.02
-0.91
0.05
-0.01
27
0.0997
0.00
-0.01
-0.96
0.03
-0.01
27.5
0.0566
0.00
-0.01
-0.98
0.02
-0.01
28
0.0332
0.00
-0.01
-0.99
0.01
-0.00
28.5
0.0202
0.00
-0.00
-1.00
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.