■ 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 — 1055 — is the max pain price.
Open interest by strike · Fri, Sep 11
■ calls (up)■ puts (down)GS open contracts per strike for Fri, Sep 11.
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 11
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 11
— call IV— put IVATM ≈ 32.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 11
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 11
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.67
-0.56
1020
0.0033
1.20
-0.55
-0.34
0.66
-0.57
1025
0.0034
1.22
-0.56
-0.36
0.62
-0.58
1035
0.0035
1.27
-0.58
-0.39
0.60
-0.59
1040
0.0036
1.29
-0.59
-0.41
0.58
-0.60
1045
0.0036
1.30
-0.59
-0.43
0.57
-0.60
1050
0.0036
1.32
-0.60
-0.45
0.55
-0.61
1055
0.0037
1.33
-0.60
-0.46
0.53
-0.61
1060
0.0037
1.33
-0.60
-0.48
0.49
-0.61
1070
0.0037
1.34
-0.60
-0.52
0.47
-0.61
1075
0.0037
1.33
-0.60
-0.54
0.46
-0.60
1080
0.0036
1.33
-0.59
-0.55
0.44
-0.60
1085
0.0036
1.32
-0.59
-0.57
0.41
-0.59
1095
0.0036
1.30
-0.58
-0.61
0.39
-0.58
1100
0.0035
1.29
-0.57
-0.62
0.37
-0.57
1105
0.0035
1.27
-0.56
-0.64
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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.