■ 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 — 115 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)DAC 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 ≈ 23.8% · 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
0.94
-0.02
100
0.0033
0.08
-0.02
-0.06
0.93
-0.02
105
0.0041
0.10
-0.02
-0.07
0.91
-0.02
110
0.0053
0.12
-0.02
-0.09
0.89
-0.03
115
0.0068
0.14
-0.03
-0.11
0.86
-0.03
120
0.0089
0.16
-0.03
-0.14
0.82
-0.03
125
0.0116
0.19
-0.03
-0.18
0.76
-0.03
130
0.0149
0.23
-0.03
-0.24
0.59
-0.04
140
0.0218
0.28
-0.04
-0.42
0.47
-0.03
145
0.0232
0.29
-0.04
-0.53
0.36
-0.03
150
0.0219
0.28
-0.03
-0.65
0.27
-0.03
155
0.0190
0.25
-0.03
-0.74
0.20
-0.03
160
0.0156
0.21
-0.03
-0.82
0.16
-0.02
165
0.0126
0.18
-0.03
-0.87
0.12
-0.02
170
0.0101
0.15
-0.02
-0.91
0.09
-0.02
175
0.0081
0.13
-0.02
-0.94
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.