■ 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 — 40 — is the max pain price.
Open interest by strike · Fri, Sep 18
■ calls (up)■ puts (down)EQNR open contracts per strike for Fri, Sep 18.
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 18
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 18
— call IV— put IVATM ≈ 36.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 18
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 18
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.01
35
0.0234
0.01
-0.01
-0.06
0.91
-0.01
36
0.0328
0.02
-0.01
-0.09
0.87
-0.01
37
0.0439
0.03
-0.01
-0.13
0.82
-0.02
38
0.0559
0.03
-0.02
-0.18
0.75
-0.02
39
0.0674
0.04
-0.02
-0.25
0.68
-0.03
40
0.0770
0.04
-0.03
-0.32
0.59
-0.03
41
0.0833
0.05
-0.03
-0.40
0.51
-0.03
42
0.0857
0.05
-0.03
-0.49
0.42
-0.03
43
0.0840
0.05
-0.03
-0.57
0.35
-0.03
44
0.0788
0.05
-0.03
-0.65
0.28
-0.02
45
0.0712
0.04
-0.02
-0.72
0.22
-0.02
46
0.0621
0.04
-0.02
-0.78
0.17
-0.02
47
0.0526
0.03
-0.02
-0.83
0.13
-0.02
48
0.0436
0.03
-0.01
-0.87
0.07
-0.01
50
0.0282
0.02
-0.01
-0.93
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.