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 — 119 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)WMT open contracts per strike for Fri, Aug 21.
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 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 21
— call IV— put IVATM ≈ 36.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 21
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 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.79
-0.08
106
0.0330
0.07
-0.08
-0.21
0.76
-0.09
107
0.0362
0.07
-0.09
-0.25
0.72
-0.09
108
0.0391
0.08
-0.09
-0.29
0.68
-0.10
109
0.0417
0.09
-0.10
-0.33
0.63
-0.10
110
0.0438
0.09
-0.10
-0.38
0.59
-0.11
111
0.0453
0.09
-0.11
-0.42
0.54
-0.11
112
0.0462
0.09
-0.11
-0.47
0.50
-0.11
113
0.0465
0.09
-0.11
-0.51
0.45
-0.11
114
0.0462
0.09
-0.11
-0.56
0.41
-0.11
115
0.0453
0.09
-0.10
-0.60
0.36
-0.10
116
0.0438
0.09
-0.10
-0.65
0.32
-0.10
117
0.0418
0.08
-0.10
-0.69
0.28
-0.09
118
0.0395
0.08
-0.09
-0.72
0.24
-0.09
119
0.0368
0.07
-0.08
-0.76
0.21
-0.08
120
0.0339
0.07
-0.08
-0.79
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 55 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.