Event risk before this expiration:FOMC decision Wed, Oct 28 · 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 — 120 — is the max pain price.
Open interest by strike · Fri, Sep 17
■ calls (up)■ puts (down)NTES 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 ≈ 39.1% · 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
0.95
—
65
0.0022
0.11
-0.01
-0.06
0.91
-0.01
75
0.0034
0.18
-0.01
-0.09
0.89
-0.01
80
0.0041
0.21
-0.01
-0.12
0.86
-0.01
85
0.0049
0.25
-0.02
-0.15
0.83
-0.01
90
0.0057
0.28
-0.02
-0.18
0.67
-0.02
110
0.0085
0.40
-0.02
-0.34
0.62
-0.02
115
0.0090
0.41
-0.02
-0.39
0.58
-0.02
120
0.0093
0.43
-0.02
-0.43
0.53
-0.02
125
0.0095
0.43
-0.02
-0.48
0.49
-0.02
130
0.0096
0.43
-0.02
-0.53
0.45
-0.02
135
0.0095
0.43
-0.02
-0.57
0.41
-0.02
140
0.0093
0.42
-0.02
-0.61
0.37
-0.02
145
0.0091
0.41
-0.02
-0.66
0.33
-0.02
150
0.0088
0.40
-0.02
-0.69
0.30
-0.02
155
0.0084
0.38
-0.02
-0.73
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.