Event risk before this expiration:Jobs report Fri, Oct 2 — 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 — 200 — is the max pain price.
Open interest by strike · Fri, Oct 2
■ calls (up)■ puts (down)LOW open contracts per strike for Fri, Oct 2.
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 2
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 2
— call IV— put IVATM ≈ 28.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 2
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 2
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.04
177.5
0.0072
0.03
-0.04
-0.04
0.95
-0.05
180
0.0100
0.03
-0.05
-0.05
0.93
-0.06
182.5
0.0141
0.05
-0.06
-0.07
0.89
-0.08
185
0.0199
0.06
-0.09
-0.11
0.83
-0.11
187.5
0.0272
0.08
-0.11
-0.17
0.76
-0.14
190
0.0344
0.10
-0.15
-0.25
0.66
-0.17
192.5
0.0401
0.12
-0.17
-0.34
0.55
-0.18
195
0.0434
0.13
-0.18
-0.45
0.45
-0.18
197.5
0.0435
0.13
-0.18
-0.56
0.34
-0.17
200
0.0405
0.12
-0.17
-0.67
0.25
-0.14
202.5
0.0350
0.10
-0.14
-0.76
0.17
-0.12
205
0.0282
0.08
-0.12
-0.84
0.12
-0.09
207.5
0.0214
0.07
-0.09
-0.90
0.08
-0.07
210
0.0157
0.05
-0.07
-0.94
0.06
-0.05
212.5
0.0115
0.04
-0.06
-0.96
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.