■ 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 — 17 — is the max pain price.
Open interest by strike · Fri, Sep 11
■ calls (up)■ puts (down)AG open contracts per strike for Fri, Sep 11.
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, Sep 11
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 11
— call IV— put IVATM ≈ 61.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 11
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 11
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.89
-0.01
15.5
0.0546
0.01
-0.01
-0.11
0.86
-0.01
16
0.0667
0.01
-0.01
-0.14
0.83
-0.02
16.5
0.0803
0.01
-0.02
-0.18
0.78
-0.02
17
0.0947
0.01
-0.02
-0.22
0.73
-0.02
17.5
0.1086
0.02
-0.02
-0.27
0.67
-0.02
18
0.1204
0.02
-0.02
-0.33
0.61
-0.02
18.5
0.1284
0.02
-0.02
-0.40
0.54
-0.03
19
0.1317
0.02
-0.03
-0.46
0.48
-0.03
19.5
0.1304
0.02
-0.03
-0.53
0.42
-0.03
20
0.1254
0.02
-0.03
-0.59
0.36
-0.03
20.5
0.1180
0.02
-0.03
-0.64
0.32
-0.02
21
0.1092
0.02
-0.02
-0.69
0.24
-0.02
22
0.0909
0.01
-0.02
-0.77
0.19
-0.02
23
0.0744
0.01
-0.02
-0.82
0.15
-0.02
24
0.0607
0.01
-0.02
-0.86
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 26 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.