Event risk before this expiration:Jobs report Fri, Aug 7 — 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 — 270 — is the max pain price.
Open interest by strike · Fri, Aug 7
■ calls (up)■ puts (down)MCD open contracts per strike for Fri, Aug 7.
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, Aug 7
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 7
— call IV— put IVATM ≈ 30.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 7
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, Aug 7
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
-0.03
257.5
0.0041
0.01
-0.03
-0.01
0.98
-0.05
260
0.0068
0.01
-0.05
-0.02
0.96
-0.08
262.5
0.0120
0.02
-0.09
-0.04
0.93
-0.16
265
0.0212
0.03
-0.16
-0.07
0.87
-0.29
267.5
0.0354
0.04
-0.29
-0.13
0.76
-0.48
270
0.0523
0.06
-0.48
-0.24
0.61
-0.64
272.5
0.0653
0.08
-0.64
-0.39
0.45
-0.67
275
0.0672
0.08
-0.68
-0.56
0.29
-0.56
277.5
0.0573
0.07
-0.57
-0.72
0.18
-0.39
280
0.0420
0.05
-0.40
-0.83
0.11
-0.26
282.5
0.0281
0.04
-0.25
-0.90
0.07
-0.17
285
0.0182
0.03
-0.15
-0.94
0.04
-0.11
287.5
0.0120
0.02
-0.10
-0.97
0.03
-0.08
290
0.0081
0.01
-0.08
-0.98
0.02
-0.06
292.5
0.0058
0.01
-0.06
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 57 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.