■ 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 — 42 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)GSL open contracts per strike for Fri, Aug 21.
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 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 21
— call IV— put IVATM ≈ 20.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 21
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 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
-0.01
34
0.0087
0.00
-0.01
-0.02
0.98
-0.01
35
0.0127
0.00
-0.01
-0.03
0.98
-0.01
36
0.0189
0.00
-0.01
-0.05
0.97
-0.01
37
0.0295
0.01
-0.02
-0.07
0.95
-0.01
38
0.0494
0.01
-0.02
-0.10
0.91
-0.02
39
0.0897
0.01
-0.03
-0.17
0.81
-0.03
40
0.1705
0.02
-0.03
-0.32
0.60
-0.04
41
0.2550
0.02
-0.04
-0.56
0.36
-0.04
42
0.2198
0.02
-0.03
-0.75
0.21
-0.04
43
0.1476
0.02
-0.03
-0.85
0.14
-0.03
44
0.0959
0.01
-0.02
-0.91
0.09
-0.02
45
0.0640
0.01
-0.02
-0.94
0.06
-0.02
46
0.0442
0.01
-0.01
-0.95
0.05
-0.02
47
0.0316
0.01
-0.01
-0.96
0.04
-0.01
48
0.0231
0.01
-0.01
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 18 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.