Event risk before this expiration:CPI release Wed, Oct 14 · FOMC decision Wed, Oct 28 · 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 — 480 — is the max pain price.
Open interest by strike · Fri, Mar 19
■ calls (up)■ puts (down)LIN open contracts per strike for Fri, Mar 19.
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, Mar 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Mar 19
— call IV— put IVATM ≈ 22.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Mar 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, Mar 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.85
-0.05
420
0.0028
0.75
-0.06
-0.16
0.82
-0.06
430
0.0032
0.83
-0.07
-0.19
0.79
-0.06
440
0.0036
0.93
-0.07
-0.22
0.75
-0.07
450
0.0041
1.01
-0.08
-0.26
0.71
-0.08
460
0.0045
1.09
-0.09
-0.30
0.66
-0.08
470
0.0049
1.17
-0.09
-0.35
0.61
-0.09
480
0.0052
1.22
-0.09
-0.40
0.56
-0.09
490
0.0054
1.25
-0.09
-0.46
0.50
-0.09
500
0.0056
1.27
-0.09
-0.52
0.45
-0.09
510
0.0056
1.26
-0.09
-0.58
0.40
-0.08
520
0.0055
1.23
-0.09
-0.64
0.35
-0.08
530
0.0053
1.18
-0.08
-0.69
0.30
-0.07
540
0.0050
1.11
-0.08
-0.74
0.26
-0.07
550
0.0046
1.03
-0.07
-0.79
0.22
-0.06
560
0.0042
0.94
-0.07
-0.84
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 37 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.