■ 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, Oct 23
■ calls (up)■ puts (down)CVNA open contracts per strike for Fri, Oct 23.
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, Oct 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 23
— call IV— put IVATM ≈ 67.5% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 23
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, Oct 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
-0.01
52
0.0101
0.00
-0.01
-0.01
0.98
-0.02
53
0.0170
0.00
-0.02
-0.02
0.96
-0.04
54
0.0288
0.00
-0.04
-0.04
0.94
-0.07
55
0.0491
0.00
-0.07
-0.07
0.88
-0.14
56
0.0820
0.01
-0.14
-0.12
0.79
-0.27
57
0.1289
0.01
-0.27
-0.21
0.65
-0.52
58
0.1768
0.01
-0.52
-0.35
0.46
-0.66
59
0.1929
0.01
-0.66
-0.54
0.28
-0.36
60
0.1618
0.01
-0.36
-0.72
0.16
-0.18
61
0.1114
0.01
-0.18
-0.84
0.09
-0.09
62
0.0693
0.01
-0.10
-0.92
0.05
-0.05
63
0.0417
0.00
-0.06
-0.96
0.03
-0.03
64
0.0250
0.00
-0.04
-0.98
0.02
-0.02
65
0.0153
0.00
-0.03
-0.99
0.01
-0.01
66
0.0095
0.00
-0.03
-0.99
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 49 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.