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 — 80 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)SYY open contracts per strike for Fri, Jan 15.
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, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 21.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.95
-0.00
65
0.0079
0.04
-0.01
-0.06
0.93
-0.00
67.5
0.0108
0.05
-0.01
-0.08
0.91
-0.01
70
0.0147
0.06
-0.01
-0.10
0.87
-0.01
72.5
0.0199
0.08
-0.01
-0.14
0.82
-0.01
75
0.0266
0.10
-0.02
-0.20
0.76
-0.02
77.5
0.0346
0.12
-0.02
-0.27
0.66
-0.02
80
0.0425
0.14
-0.02
-0.36
0.55
-0.02
82.5
0.0480
0.15
-0.02
-0.47
0.43
-0.02
85
0.0484
0.15
-0.02
-0.59
0.32
-0.02
87.5
0.0439
0.14
-0.02
-0.70
0.23
-0.02
90
0.0365
0.12
-0.01
-0.78
0.16
-0.01
92.5
0.0288
0.09
-0.01
-0.85
0.12
-0.01
95
0.0221
0.08
-0.01
-0.90
0.09
-0.01
97.5
0.0168
0.06
-0.01
-0.94
0.06
-0.01
100
0.0128
0.05
-0.00
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.