■ 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 — 17 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)FCEL 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 ≈ 144.4% · 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
0.82
-0.02
15
0.0195
0.03
-0.02
-0.18
0.79
-0.03
16
0.0212
0.03
-0.03
-0.21
0.76
-0.03
17
0.0228
0.03
-0.03
-0.24
0.73
-0.03
18
0.0241
0.03
-0.03
-0.27
0.70
-0.03
19
0.0253
0.03
-0.03
-0.30
0.68
-0.03
20
0.0262
0.04
-0.03
-0.33
0.65
-0.03
21
0.0269
0.04
-0.03
-0.35
0.62
-0.03
22
0.0275
0.04
-0.03
-0.38
0.59
-0.04
23
0.0279
0.04
-0.04
-0.41
0.57
-0.04
24
0.0282
0.04
-0.04
-0.43
0.55
-0.04
25
0.0283
0.04
-0.04
-0.46
0.52
-0.04
26
0.0284
0.04
-0.04
-0.48
0.50
-0.04
27
0.0283
0.04
-0.04
-0.50
0.48
-0.04
28
0.0282
0.04
-0.04
-0.52
0.46
-0.04
29
0.0280
0.04
-0.04
-0.55
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 51 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.