Event risk before this expiration:FOMC decision Wed, Sep 16 · Jobs report Fri, Oct 2 · 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 — 17.5 — is the max pain price.
Open interest by strike · Fri, Oct 23
■ calls (up)■ puts (down)SOFI open contracts per strike for Fri, Oct 23.
Open-interest change · 2026-09-10 → 2026-09-11
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot — where the walls are building and where they’re unwinding. Biggest moves: 17 +297 · 16 +191 · 15 +184 · 18 +153
Volume by strike · Fri, Oct 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 47.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.91
-0.01
14
0.0546
0.01
-0.01
-0.09
0.87
-0.01
14.5
0.0696
0.01
-0.01
-0.13
0.83
-0.01
15
0.0863
0.01
-0.01
-0.17
0.78
-0.01
15.5
0.1035
0.02
-0.01
-0.22
0.72
-0.01
16
0.1195
0.02
-0.01
-0.28
0.66
-0.01
16.5
0.1326
0.02
-0.01
-0.34
0.59
-0.01
17
0.1413
0.02
-0.01
-0.41
0.52
-0.01
17.5
0.1447
0.02
-0.01
-0.49
0.45
-0.01
18
0.1428
0.02
-0.01
-0.56
0.38
-0.01
18.5
0.1364
0.02
-0.01
-0.62
0.32
-0.01
19
0.1269
0.02
-0.01
-0.68
0.27
-0.01
19.5
0.1156
0.02
-0.01
-0.73
0.23
-0.01
20
0.1037
0.02
-0.01
-0.78
0.19
-0.01
20.5
0.0918
0.02
-0.01
-0.82
0.16
-0.01
21
0.0806
0.01
-0.01
-0.85
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 28 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.