■ 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 — 98 — is the max pain price.
Open interest by strike · Fri, Sep 11
■ calls (up)■ puts (down)CRH 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 ≈ 32.5% · 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
0.84
-0.05
87
0.0244
0.06
-0.05
-0.16
0.79
-0.05
89
0.0304
0.07
-0.05
-0.21
0.77
-0.06
90
0.0336
0.08
-0.06
-0.24
0.73
-0.06
91
0.0370
0.08
-0.06
-0.27
0.70
-0.06
92
0.0405
0.09
-0.06
-0.31
0.57
-0.06
95
0.0492
0.10
-0.06
-0.44
0.52
-0.06
96
0.0509
0.10
-0.06
-0.49
0.42
-0.06
98
0.0513
0.10
-0.06
-0.60
0.32
-0.05
100
0.0475
0.09
-0.06
-0.70
0.20
-0.04
103
0.0369
0.07
-0.04
-0.83
0.11
-0.03
107
0.0230
0.05
-0.03
-0.93
0.09
-0.03
108
0.0202
0.04
-0.03
-0.95
0.08
-0.02
109
0.0177
0.04
-0.03
-0.96
0.07
-0.02
110
0.0156
0.03
-0.03
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 18 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.