Event risk before this expiration:Jobs report Fri, Nov 6 · CPI release Tue, Nov 10 · Jobs report Fri, Dec 4 · FOMC decision Wed, Dec 9 · CPI release Thu, Dec 10 — 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 — 240 — is the max pain price.
Open interest by strike · Fri, Sep 17
■ calls (up)■ puts (down)NTAP open contracts per strike for Fri, Sep 17.
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 17
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 17
— call IV— put IVATM ≈ 53.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 17
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 17
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.81
-0.04
170
0.0023
0.57
-0.05
-0.19
0.78
-0.04
180
0.0025
0.63
-0.05
-0.22
0.77
-0.04
185
0.0026
0.65
-0.05
-0.24
0.74
-0.05
195
0.0028
0.70
-0.06
-0.27
0.72
-0.05
200
0.0029
0.72
-0.06
-0.29
0.69
-0.06
210
0.0031
0.76
-0.06
-0.32
0.65
-0.06
220
0.0032
0.79
-0.06
-0.36
0.62
-0.06
230
0.0033
0.81
-0.07
-0.39
0.59
-0.06
240
0.0034
0.83
-0.07
-0.43
0.56
-0.06
250
0.0034
0.84
-0.07
-0.46
0.53
-0.07
260
0.0035
0.85
-0.07
-0.49
0.50
-0.07
270
0.0035
0.85
-0.07
-0.53
0.47
-0.07
280
0.0035
0.85
-0.07
-0.56
0.44
-0.07
290
0.0034
0.84
-0.07
-0.59
0.41
-0.07
300
0.0034
0.83
-0.06
-0.62
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 27 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.