■ 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 — 18 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)DHT open contracts per strike for Fri, Oct 16.
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 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 16
— call IV— put IVATM ≈ 45.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 16
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 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
1.00
—
11
0.0175
0.01
-0.00
-0.04
1.00
—
12
0.0272
0.01
-0.00
-0.06
1.00
—
13
0.0003
0.01
-0.00
-0.09
1.00
—
14
0.0038
0.00
-0.01
-0.14
0.99
-0.00
15
0.0249
0.00
-0.01
-0.21
0.92
-0.01
16
0.1004
0.01
-0.01
-0.32
0.75
-0.01
17
0.2024
0.02
-0.01
-0.44
0.53
-0.01
18
0.2071
0.03
-0.01
-0.56
0.35
-0.01
19
0.1437
0.03
-0.01
-0.67
0.26
-0.01
20
0.1007
0.02
-0.01
-0.76
0.19
-0.01
21
0.0786
0.02
-0.01
-0.82
0.15
-0.01
22
0.0633
0.02
-0.01
-0.86
0.12
-0.01
23
0.0513
0.01
-0.00
-0.90
0.09
-0.00
24
0.0418
0.01
-0.00
-0.92
0.07
-0.00
25
0.0344
0.01
-0.00
-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 26 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.