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 9
■ calls (up)■ puts (down)VZ open contracts per strike for Fri, Oct 9.
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 9
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 9
— call IV— put IVATM ≈ 20.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 9
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 9
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
-0.00
40
0.0079
0.00
-0.01
-0.02
0.98
-0.00
42
0.0156
0.01
-0.01
-0.04
0.97
-0.01
43
0.0234
0.01
-0.01
-0.06
0.95
-0.01
44
0.0379
0.01
-0.01
-0.09
0.91
-0.01
45
0.0649
0.02
-0.01
-0.15
0.83
-0.01
46
0.1055
0.03
-0.02
-0.26
0.70
-0.02
47
0.1477
0.04
-0.02
-0.41
0.54
-0.02
48
0.1739
0.04
-0.02
-0.58
0.37
-0.02
49
0.1666
0.04
-0.02
-0.73
0.23
-0.02
50
0.1310
0.03
-0.01
-0.85
0.13
-0.01
51
0.0892
0.02
-0.01
-0.92
0.07
-0.01
52
0.0556
0.01
-0.01
-0.95
0.04
-0.01
53
0.0354
0.01
-0.00
-0.97
0.03
-0.01
54
0.0244
0.01
-0.00
-0.98
0.03
-0.00
55
0.0181
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 22 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.