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 — 165 — is the max pain price.
Open interest by strike · Fri, Mar 19
■ calls (up)■ puts (down)SKHY 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 ≈ 60.4% · 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
0.80
-0.05
125
0.0044
0.27
-0.06
-0.19
0.78
-0.05
130
0.0048
0.29
-0.06
-0.21
0.75
-0.06
135
0.0052
0.32
-0.06
-0.24
0.71
-0.06
140
0.0055
0.34
-0.07
-0.27
0.68
-0.07
145
0.0058
0.35
-0.07
-0.31
0.65
-0.07
150
0.0060
0.37
-0.07
-0.34
0.62
-0.07
155
0.0062
0.38
-0.07
-0.37
0.59
-0.07
160
0.0064
0.39
-0.08
-0.40
0.55
-0.08
165
0.0065
0.40
-0.08
-0.43
0.52
-0.08
170
0.0065
0.40
-0.08
-0.47
0.49
-0.08
175
0.0065
0.40
-0.08
-0.50
0.46
-0.08
180
0.0065
0.40
-0.08
-0.53
0.43
-0.08
185
0.0064
0.40
-0.07
-0.56
0.41
-0.08
190
0.0063
0.39
-0.07
-0.58
0.38
-0.08
195
0.0062
0.38
-0.07
-0.61
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 44 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.