Event risk before this expiration:CPI release Wed, Oct 14 — 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 — 1150 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)LLY open contracts per strike for Fri, Oct 23.
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 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 32.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.83
-0.82
1110
0.0039
0.50
-0.83
-0.17
0.79
-0.94
1120
0.0045
0.56
-0.95
-0.21
0.76
-0.99
1125
0.0048
0.60
-1.01
-0.24
0.74
-1.05
1130
0.0050
0.63
-1.06
-0.26
0.69
-1.15
1140
0.0055
0.69
-1.16
-0.32
0.66
-1.19
1145
0.0058
0.71
-1.20
-0.34
0.63
-1.22
1150
0.0059
0.73
-1.23
-0.38
0.44
-1.26
1180
0.0063
0.76
-1.28
-0.56
0.41
-1.24
1185
0.0062
0.75
-1.25
-0.59
0.38
-1.22
1190
0.0060
0.74
-1.23
-0.63
0.32
-1.14
1200
0.0057
0.70
-1.15
-0.68
0.27
-1.05
1210
0.0052
0.64
-1.06
-0.74
0.22
-0.94
1220
0.0047
0.58
-0.95
-0.78
0.20
-0.89
1225
0.0044
0.55
-0.90
-0.81
0.13
-0.67
1245
0.0033
0.42
-0.68
-0.88
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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.