Event risk before this expiration:Jobs report Fri, Oct 2 · CPI release Wed, Oct 14 · 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 — 145 — is the max pain price.
Open interest by strike · Fri, Apr 16
■ calls (up)■ puts (down)NVS open contracts per strike for Fri, Apr 16.
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, Apr 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Apr 16
— call IV— put IVATM ≈ 23.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Apr 16
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, Apr 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.01
105
0.0032
0.09
-0.01
-0.08
0.95
-0.01
110
0.0045
0.12
-0.01
-0.10
0.92
-0.01
115
0.0063
0.16
-0.01
-0.14
0.88
-0.01
120
0.0085
0.21
-0.02
-0.19
0.83
-0.02
125
0.0109
0.26
-0.02
-0.25
0.77
-0.02
130
0.0134
0.30
-0.02
-0.32
0.69
-0.02
135
0.0156
0.35
-0.02
-0.39
0.61
-0.02
140
0.0171
0.39
-0.02
-0.47
0.53
-0.02
145
0.0177
0.40
-0.02
-0.56
0.44
-0.02
150
0.0175
0.40
-0.02
-0.63
0.36
-0.02
155
0.0165
0.38
-0.02
-0.70
0.30
-0.02
160
0.0150
0.35
-0.02
-0.76
0.24
-0.02
165
0.0133
0.32
-0.01
-0.81
0.19
-0.02
170
0.0115
0.28
-0.01
-0.85
0.15
-0.01
175
0.0097
0.24
-0.01
-0.88
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 22 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.