■ 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 — 320 — is the max pain price.
Open interest by strike · Fri, Sep 25
■ calls (up)■ puts (down)AAPL open contracts per strike for Fri, Sep 25.
Open-interest change · 2026-09-10 → 2026-09-11
Net contracts opened (up, green) or closed (down, red) per strike since the previous snapshot — where the walls are building and where they’re unwinding. Biggest moves: 320 +6K · 325 +2K · 322.5 +1K · 340 +760
Volume by strike · Fri, Sep 25
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 25
— call IV— put IVATM ≈ 23.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 25
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, Sep 25
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.87
-0.13
315
0.0128
0.14
-0.13
-0.14
0.83
-0.15
317.5
0.0151
0.17
-0.15
-0.17
0.80
-0.16
320
0.0175
0.19
-0.17
-0.21
0.75
-0.18
322.5
0.0199
0.21
-0.18
-0.25
0.70
-0.20
325
0.0220
0.23
-0.20
-0.30
0.64
-0.21
327.5
0.0239
0.24
-0.21
-0.36
0.58
-0.22
330
0.0252
0.26
-0.22
-0.42
0.52
-0.22
332.5
0.0258
0.26
-0.23
-0.49
0.45
-0.22
335
0.0258
0.26
-0.22
-0.55
0.33
-0.20
340
0.0237
0.24
-0.20
-0.68
0.27
-0.18
342.5
0.0218
0.22
-0.19
-0.74
0.22
-0.16
345
0.0196
0.20
-0.17
-0.79
0.14
-0.12
350
0.0147
0.15
-0.13
-0.87
0.11
-0.10
352.5
0.0124
0.13
-0.11
-0.90
0.09
-0.09
355
0.0102
0.11
-0.09
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 39 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.