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 — 330 — is the max pain price.
Open interest by strike · Fri, Feb 19
■ calls (up)■ puts (down)WSO open contracts per strike for Fri, Feb 19.
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, Feb 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Feb 19
— call IV— put IVATM ≈ 37.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Feb 19
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, Feb 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.05
240
0.0024
0.42
-0.06
-0.14
0.85
-0.06
250
0.0029
0.49
-0.07
-0.17
0.81
-0.07
260
0.0034
0.55
-0.07
-0.20
0.77
-0.08
270
0.0038
0.62
-0.08
-0.24
0.73
-0.08
280
0.0042
0.68
-0.08
-0.28
0.69
-0.09
290
0.0046
0.73
-0.09
-0.33
0.64
-0.09
300
0.0050
0.77
-0.09
-0.38
0.58
-0.09
310
0.0052
0.80
-0.09
-0.43
0.53
-0.09
320
0.0054
0.81
-0.09
-0.48
0.48
-0.09
330
0.0055
0.81
-0.09
-0.54
0.42
-0.09
340
0.0055
0.80
-0.09
-0.59
0.37
-0.08
350
0.0053
0.78
-0.08
-0.64
0.33
-0.08
360
0.0051
0.74
-0.08
-0.69
0.28
-0.07
370
0.0048
0.69
-0.07
-0.74
0.24
-0.07
380
0.0045
0.64
-0.07
-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 33 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.