■ 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, Aug 21
■ calls (up)■ puts (down)BEKE 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 ≈ 93.0% · 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
0.89
-0.04
13.5
0.0551
0.01
-0.04
-0.11
0.87
-0.04
14
0.0675
0.01
-0.04
-0.13
0.85
-0.04
14.5
0.0841
0.01
-0.04
-0.15
0.82
-0.04
15
0.1065
0.01
-0.04
-0.18
0.78
-0.04
15.5
0.1373
0.01
-0.04
-0.22
0.72
-0.04
16
0.1789
0.01
-0.04
-0.28
0.63
-0.04
16.5
0.2272
0.01
-0.04
-0.37
0.51
-0.04
17
0.2545
0.01
-0.04
-0.49
0.39
-0.04
17.5
0.2341
0.01
-0.04
-0.61
0.31
-0.04
18
0.1940
0.01
-0.04
-0.70
0.25
-0.04
18.5
0.1581
0.01
-0.04
-0.75
0.21
-0.04
19
0.1304
0.01
-0.04
-0.79
0.16
-0.04
20
0.0932
0.01
-0.04
-0.84
0.13
-0.04
21
0.0705
0.01
-0.04
-0.88
0.10
-0.04
22
0.0557
0.00
-0.04
-0.90
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 24 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.