■ 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 — 60 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)CALM open contracts per strike for Fri, Nov 20.
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, Nov 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 36.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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, Nov 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
—
45
0.0012
0.01
-0.00
-0.01
0.97
-0.00
50
0.0028
0.03
-0.01
-0.03
0.96
-0.01
55
0.0043
0.03
-0.01
-0.04
0.93
-0.01
60
0.0074
0.05
-0.01
-0.07
0.87
-0.02
65
0.0119
0.09
-0.02
-0.13
0.80
-0.02
70
0.0174
0.11
-0.02
-0.20
0.71
-0.02
75
0.0247
0.14
-0.03
-0.29
0.57
-0.03
80
0.0256
0.16
-0.03
-0.43
0.44
-0.03
85
0.0264
0.16
-0.03
-0.57
0.32
-0.03
90
0.0245
0.15
-0.03
-0.70
0.23
-0.02
95
0.0203
0.12
-0.02
-0.80
0.15
-0.02
100
0.0158
0.10
-0.02
-0.88
0.11
-0.01
105
0.0120
0.08
-0.02
-0.93
0.07
-0.01
110
0.0088
0.06
-0.01
-0.97
0.05
-0.01
115
0.0062
0.04
-0.01
-1.00
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 19 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.