■ 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 — 91 — is the max pain price.
Open interest by strike · Fri, Mar 19
■ calls (up)■ puts (down)FXE open contracts per strike for Fri, Mar 19.
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, Mar 19
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Mar 19
— call IV— put IVATM ≈ 7.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Mar 19
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, Mar 19
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.84
-0.00
98
0.0242
0.19
-0.01
-0.14
0.83
-0.00
99
0.0275
0.20
-0.01
-0.16
0.81
-0.00
100
0.0314
0.21
-0.01
-0.17
0.80
-0.00
101
0.0361
0.23
-0.01
-0.19
0.77
-0.00
102
0.0419
0.24
-0.01
-0.22
0.74
-0.00
103
0.0490
0.26
-0.01
-0.25
0.70
-0.00
104
0.0575
0.28
-0.01
-0.29
0.65
-0.00
105
0.0674
0.30
-0.00
-0.35
0.43
-0.00
108
0.0834
0.32
-0.00
-0.60
0.35
-0.00
109
0.0762
0.30
-0.01
-0.69
0.30
-0.00
110
0.0666
0.29
-0.01
-0.76
0.25
-0.00
111
0.0573
0.27
-0.00
-0.81
0.19
-0.00
113
0.0426
0.23
-0.00
-0.87
0.15
-0.00
115
0.0327
0.20
-0.00
-0.91
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 14 strikes around the money — all 21 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.