■ 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 — 105 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)FUTU open contracts per strike for Fri, Sep 4.
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 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 4
— call IV— put IVATM ≈ 52.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 4
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 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.79
-0.09
96
0.0203
0.08
-0.09
-0.22
0.74
-0.10
98
0.0227
0.09
-0.10
-0.26
0.72
-0.10
99
0.0237
0.09
-0.10
-0.29
0.70
-0.10
100
0.0247
0.10
-0.11
-0.32
0.67
-0.11
101
0.0256
0.10
-0.11
-0.34
0.61
-0.12
103
0.0269
0.10
-0.12
-0.40
0.59
-0.12
104
0.0273
0.11
-0.12
-0.42
0.56
-0.12
105
0.0276
0.11
-0.12
-0.45
0.53
-0.12
106
0.0277
0.11
-0.12
-0.48
0.51
-0.12
107
0.0277
0.11
-0.12
-0.51
0.48
-0.12
108
0.0275
0.11
-0.13
-0.54
0.43
-0.12
110
0.0268
0.11
-0.12
-0.59
0.40
-0.12
111
0.0263
0.10
-0.12
-0.61
0.38
-0.12
112
0.0258
0.10
-0.12
-0.64
0.36
-0.12
113
0.0251
0.10
-0.12
-0.66
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 34 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.