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 — 67.5 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)TTE 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 ≈ 27.5% · 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
0.92
-0.01
75
0.0107
0.08
-0.01
-0.10
0.89
-0.01
77.5
0.0138
0.10
-0.01
-0.13
0.85
-0.01
80
0.0175
0.12
-0.01
-0.17
0.80
-0.01
82.5
0.0216
0.15
-0.02
-0.22
0.74
-0.02
85
0.0256
0.17
-0.02
-0.28
0.67
-0.02
87.5
0.0290
0.19
-0.02
-0.35
0.60
-0.02
90
0.0315
0.20
-0.02
-0.43
0.52
-0.02
92.5
0.0326
0.21
-0.02
-0.51
0.44
-0.02
95
0.0322
0.21
-0.02
-0.58
0.36
-0.02
97.5
0.0306
0.20
-0.02
-0.66
0.30
-0.02
100
0.0281
0.18
-0.02
-0.72
0.19
-0.01
105
0.0216
0.14
-0.01
-0.83
0.12
-0.01
110
0.0153
0.11
-0.01
-0.91
0.07
-0.01
115
0.0102
0.07
-0.01
-0.96
0.04
-0.00
120
0.0065
0.05
-0.00
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 36 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.