■ 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 — 160 — is the max pain price.
Open interest by strike · Fri, Aug 28
■ calls (up)■ puts (down)ALGN open contracts per strike for Fri, Aug 28.
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 28
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 28
— call IV— put IVATM ≈ 35.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 28
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 28
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.95
-0.06
145
0.0046
0.04
-0.07
-0.05
0.94
-0.07
150
0.0062
0.04
-0.08
-0.06
0.92
-0.08
155
0.0088
0.05
-0.08
-0.08
0.89
-0.09
160
0.0128
0.07
-0.10
-0.12
0.82
-0.11
165
0.0191
0.09
-0.12
-0.18
0.78
-0.12
167.5
0.0230
0.11
-0.13
-0.22
0.72
-0.14
170
0.0268
0.12
-0.14
-0.28
0.57
-0.16
175
0.0322
0.14
-0.16
-0.43
0.41
-0.16
180
0.0316
0.14
-0.16
-0.59
0.34
-0.15
182.5
0.0292
0.13
-0.15
-0.67
0.28
-0.14
185
0.0259
0.12
-0.14
-0.73
0.20
-0.13
190
0.0194
0.10
-0.13
-0.81
0.15
-0.13
195
0.0146
0.09
-0.12
-0.85
0.13
-0.12
200
0.0113
0.07
-0.12
-0.88
0.09
-0.11
210
0.0074
0.06
-0.10
-0.92
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.