Event risk before this expiration:Jobs report Fri, Oct 2 · 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 — 535 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)LMT 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 ≈ 30.6% · 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
0.79
-0.22
490
0.0061
0.45
-0.23
-0.21
0.76
-0.24
495
0.0066
0.48
-0.24
-0.25
0.72
-0.25
500
0.0071
0.52
-0.26
-0.28
0.68
-0.27
505
0.0076
0.55
-0.28
-0.32
0.64
-0.28
510
0.0079
0.57
-0.29
-0.36
0.60
-0.29
515
0.0082
0.59
-0.30
-0.40
0.56
-0.30
520
0.0084
0.60
-0.30
-0.45
0.52
-0.30
525
0.0084
0.61
-0.31
-0.49
0.48
-0.30
530
0.0084
0.61
-0.31
-0.53
0.44
-0.30
535
0.0083
0.60
-0.31
-0.57
0.40
-0.29
540
0.0081
0.59
-0.30
-0.61
0.36
-0.29
545
0.0078
0.57
-0.29
-0.65
0.32
-0.28
550
0.0075
0.55
-0.28
-0.69
0.29
-0.26
555
0.0071
0.52
-0.27
-0.72
0.26
-0.25
560
0.0067
0.49
-0.25
-0.76
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 48 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.