Event risk before this expiration:Jobs report Fri, Aug 7 · CPI release Wed, Aug 12 · Jobs report Fri, Sep 4 — 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 — 260 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)JNJ open contracts per strike for Fri, Sep 4.
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, Sep 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 4
— call IV— put IVATM ≈ 23.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 4
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, Sep 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.03
220
0.0035
0.06
-0.03
-0.05
0.95
-0.04
225
0.0050
0.08
-0.04
-0.07
0.93
-0.04
230
0.0071
0.11
-0.05
-0.09
0.89
-0.06
235
0.0100
0.15
-0.06
-0.13
0.83
-0.08
240
0.0135
0.20
-0.08
-0.19
0.76
-0.09
245
0.0171
0.24
-0.09
-0.27
0.66
-0.11
250
0.0201
0.29
-0.10
-0.36
0.56
-0.11
255
0.0217
0.31
-0.11
-0.47
0.45
-0.11
260
0.0217
0.31
-0.11
-0.57
0.34
-0.10
265
0.0200
0.29
-0.10
-0.67
0.26
-0.09
270
0.0173
0.26
-0.09
-0.76
0.19
-0.07
275
0.0141
0.21
-0.07
-0.82
0.13
-0.06
280
0.0111
0.17
-0.06
-0.88
0.10
-0.05
285
0.0085
0.14
-0.05
-0.91
0.07
-0.04
290
0.0066
0.11
-0.04
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 28 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.