Event risk before this expiration:FOMC decision Wed, Sep 16 · 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 — 100 — is the max pain price.
Open interest by strike · Fri, Oct 2
■ calls (up)■ puts (down)LULU 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 ≈ 37.7% · 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
0.86
-0.05
90
0.0236
0.05
-0.05
-0.14
0.84
-0.05
91
0.0267
0.06
-0.05
-0.17
0.74
-0.07
94
0.0355
0.08
-0.07
-0.26
0.70
-0.08
95
0.0379
0.08
-0.08
-0.30
0.66
-0.08
96
0.0400
0.09
-0.08
-0.34
0.62
-0.08
97
0.0416
0.09
-0.09
-0.39
0.57
-0.09
98
0.0427
0.09
-0.09
-0.43
0.53
-0.09
99
0.0433
0.10
-0.09
-0.47
0.49
-0.09
100
0.0433
0.10
-0.09
-0.52
0.45
-0.09
101
0.0429
0.09
-0.09
-0.56
0.41
-0.09
102
0.0420
0.09
-0.09
-0.60
0.37
-0.08
103
0.0406
0.09
-0.09
-0.64
0.33
-0.08
104
0.0389
0.09
-0.08
-0.68
0.29
-0.08
105
0.0369
0.08
-0.08
-0.71
0.26
-0.07
106
0.0347
0.08
-0.07
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 59 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.