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 — 200 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)LOW 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 ≈ 27.5% · 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
0.99
-0.01
150
0.0012
0.02
-0.01
-0.01
0.99
-0.01
155
0.0017
0.02
-0.02
-0.02
0.95
-0.02
170
0.0056
0.06
-0.03
-0.06
0.92
-0.04
175
0.0089
0.08
-0.04
-0.10
0.87
-0.06
180
0.0136
0.13
-0.06
-0.16
0.78
-0.07
185
0.0188
0.16
-0.08
-0.24
0.68
-0.09
190
0.0234
0.20
-0.09
-0.35
0.55
-0.10
195
0.0261
0.22
-0.10
-0.48
0.42
-0.10
200
0.0260
0.22
-0.10
-0.61
0.30
-0.09
205
0.0232
0.20
-0.08
-0.72
0.20
-0.07
210
0.0187
0.16
-0.06
-0.81
0.13
-0.05
215
0.0139
0.12
-0.05
-0.88
0.08
-0.04
220
0.0096
0.09
-0.03
-0.93
0.05
-0.03
225
0.0066
0.06
-0.02
-0.95
0.04
-0.02
230
0.0046
0.04
-0.01
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 17 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.