Event risk before this expiration:Jobs report Fri, Aug 7 · CPI release Wed, Aug 12 — 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 — 46 — is the max pain price.
Open interest by strike · Fri, Aug 14
■ calls (up)■ puts (down)VZ open contracts per strike for Fri, Aug 14.
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, Aug 14
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 14
— call IV— put IVATM ≈ 29.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 14
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, Aug 14
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.02
43
0.0517
0.01
-0.02
-0.07
0.91
-0.02
43.5
0.0688
0.01
-0.02
-0.09
0.88
-0.03
44
0.0903
0.01
-0.03
-0.13
0.83
-0.03
44.5
0.1151
0.02
-0.03
-0.17
0.76
-0.04
45
0.1409
0.02
-0.04
-0.24
0.69
-0.04
45.5
0.1642
0.03
-0.04
-0.31
0.60
-0.05
46
0.1815
0.03
-0.05
-0.40
0.51
-0.05
46.5
0.1895
0.03
-0.05
-0.49
0.42
-0.05
47
0.1865
0.03
-0.05
-0.59
0.33
-0.04
47.5
0.1731
0.03
-0.04
-0.68
0.25
-0.04
48
0.1516
0.02
-0.04
-0.76
0.18
-0.03
48.5
0.1260
0.02
-0.03
-0.82
0.13
-0.03
49
0.1005
0.02
-0.03
-0.88
0.10
-0.02
49.5
0.0785
0.01
-0.02
-0.91
0.07
-0.02
50
0.0612
0.01
-0.02
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 35 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.