Event risk before this expiration:CPI release Wed, Oct 14 — 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 — 41 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)SMCI open contracts per strike for Fri, Oct 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, Oct 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 16
— call IV— put IVATM ≈ 62.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 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, Oct 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.05
38
0.0557
0.01
-0.05
-0.12
0.85
-0.06
38.5
0.0656
0.01
-0.06
-0.15
0.81
-0.07
39
0.0757
0.02
-0.07
-0.19
0.77
-0.08
39.5
0.0855
0.02
-0.08
-0.23
0.72
-0.09
40
0.0944
0.02
-0.09
-0.28
0.67
-0.09
40.5
0.1018
0.02
-0.10
-0.33
0.62
-0.10
41
0.1074
0.02
-0.10
-0.39
0.56
-0.10
41.5
0.1108
0.02
-0.10
-0.44
0.51
-0.10
42
0.1118
0.02
-0.10
-0.50
0.45
-0.10
42.5
0.1106
0.02
-0.10
-0.55
0.40
-0.10
43
0.1073
0.02
-0.10
-0.60
0.35
-0.10
43.5
0.1023
0.02
-0.10
-0.66
0.30
-0.09
44
0.0960
0.02
-0.09
-0.70
0.26
-0.09
44.5
0.0887
0.02
-0.09
-0.74
0.22
-0.08
45
0.0808
0.02
-0.08
-0.78
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 46 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.