■ 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 — 22 — is the max pain price.
Open interest by strike · Fri, Aug 14
■ calls (up)■ puts (down)GME open contracts per strike for Fri, Aug 14.
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, Aug 14
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 14
— call IV— put IVATM ≈ 28.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 14
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, Aug 14
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.00
18
0.0271
0.00
-0.01
-0.03
0.95
-0.01
19
0.0480
0.01
-0.01
-0.05
0.93
-0.01
19.5
0.0656
0.01
-0.01
-0.07
0.91
-0.01
20
0.0916
0.01
-0.01
-0.09
0.87
-0.01
20.5
0.1301
0.01
-0.01
-0.13
0.80
-0.01
21
0.1824
0.01
-0.01
-0.20
0.70
-0.01
21.5
0.2388
0.02
-0.01
-0.30
0.57
-0.02
22
0.2753
0.02
-0.02
-0.43
0.43
-0.02
22.5
0.2725
0.02
-0.02
-0.57
0.32
-0.02
23
0.2366
0.02
-0.02
-0.69
0.23
-0.01
23.5
0.1891
0.01
-0.01
-0.78
0.17
-0.01
24
0.1466
0.01
-0.01
-0.84
0.13
-0.01
24.5
0.1141
0.01
-0.01
-0.88
0.11
-0.01
25
0.0907
0.01
-0.01
-0.90
0.09
-0.01
25.5
0.0737
0.01
-0.01
-0.92
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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 history
History starts accruing now: first snapshot taken 2026-07-28. We chart only days we actually observed — check back as the record builds. The measured hit-rate across all tickers lives on the accuracy ledger.
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.