Event risk before this expiration:FOMC decision Wed, Sep 16 · 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 — 280 — is the max pain price.
Open interest by strike · Fri, Mar 19
■ calls (up)■ puts (down)RS open contracts per strike for Fri, Mar 19.
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, Mar 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Mar 19
— call IV— put IVATM ≈ 29.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Mar 19
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, Mar 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.03
260
0.0009
0.32
-0.04
-0.06
0.93
-0.03
270
0.0011
0.36
-0.04
-0.07
0.92
-0.04
280
0.0013
0.41
-0.04
-0.08
0.91
-0.04
290
0.0015
0.47
-0.05
-0.10
0.87
-0.05
310
0.0021
0.59
-0.06
-0.13
0.79
-0.07
340
0.0031
0.81
-0.07
-0.21
0.68
-0.08
370
0.0041
1.01
-0.08
-0.33
0.59
-0.09
390
0.0046
1.09
-0.09
-0.42
0.50
-0.09
410
0.0049
1.12
-0.09
-0.52
0.45
-0.08
420
0.0049
1.11
-0.09
-0.57
0.41
-0.08
430
0.0049
1.09
-0.09
-0.62
0.36
-0.08
440
0.0048
1.06
-0.08
-0.67
0.32
-0.07
450
0.0046
1.00
-0.08
-0.71
0.28
-0.07
460
0.0043
0.94
-0.07
-0.76
0.24
-0.06
470
0.0040
0.88
-0.07
-0.81
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 26 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.