Event risk before this expiration:CPI release Wed, Aug 12 · Jobs report Fri, Sep 4 — 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 — 72 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)NFLX open contracts per strike for Fri, Sep 4.
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, Sep 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 4
— call IV— put IVATM ≈ 33.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 4
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, Sep 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.86
-0.02
67
0.0315
0.05
-0.03
-0.14
0.82
-0.03
68
0.0368
0.05
-0.03
-0.18
0.78
-0.03
69
0.0421
0.06
-0.04
-0.22
0.74
-0.04
70
0.0469
0.07
-0.04
-0.27
0.69
-0.04
71
0.0510
0.07
-0.04
-0.32
0.63
-0.04
72
0.0542
0.08
-0.04
-0.37
0.57
-0.05
73
0.0562
0.08
-0.05
-0.43
0.52
-0.05
74
0.0570
0.08
-0.05
-0.49
0.46
-0.05
75
0.0566
0.08
-0.05
-0.55
0.41
-0.05
76
0.0551
0.08
-0.05
-0.60
0.36
-0.04
77
0.0526
0.08
-0.04
-0.65
0.31
-0.04
78
0.0494
0.07
-0.04
-0.70
0.27
-0.04
79
0.0457
0.07
-0.04
-0.74
0.23
-0.04
80
0.0417
0.06
-0.04
-0.78
0.20
-0.03
81
0.0376
0.06
-0.03
-0.82
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 38 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.