Event risk before this expiration:Jobs report Fri, Oct 2 — 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 — 50 — is the max pain price.
Open interest by strike · Fri, Oct 2
■ calls (up)■ puts (down)VZ open contracts per strike for Fri, Oct 2.
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 2
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 2
— call IV— put IVATM ≈ 18.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 2
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 2
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.96
-0.01
44
0.0357
0.01
-0.01
-0.04
0.93
-0.01
45
0.0600
0.01
-0.01
-0.07
0.90
-0.01
45.5
0.0802
0.02
-0.01
-0.10
0.86
-0.02
46
0.1069
0.02
-0.02
-0.14
0.80
-0.02
46.5
0.1364
0.03
-0.02
-0.20
0.72
-0.02
47
0.1642
0.03
-0.03
-0.28
0.64
-0.03
47.5
0.1885
0.04
-0.03
-0.37
0.54
-0.03
48
0.2050
0.04
-0.03
-0.47
0.44
-0.03
48.5
0.2072
0.04
-0.03
-0.57
0.34
-0.03
49
0.1930
0.04
-0.03
-0.67
0.25
-0.02
49.5
0.1672
0.03
-0.02
-0.76
0.18
-0.02
50
0.1364
0.03
-0.02
-0.84
0.08
-0.01
51
0.0783
0.01
-0.01
-0.94
0.04
-0.01
52
0.0437
0.01
-0.01
-0.97
0.03
-0.01
53
0.0289
0.01
-0.00
-0.98
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 29 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.