■ 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 — 40 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)HNGE open contracts per strike for Fri, Jan 15.
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, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 57.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.92
-0.01
55
0.0041
0.09
-0.02
-0.08
0.89
-0.02
60
0.0054
0.11
-0.02
-0.11
0.84
-0.03
65
0.0068
0.14
-0.03
-0.15
0.80
-0.03
70
0.0082
0.16
-0.03
-0.20
0.74
-0.03
75
0.0094
0.18
-0.04
-0.26
0.69
-0.04
80
0.0105
0.20
-0.04
-0.31
0.63
-0.04
85
0.0112
0.22
-0.04
-0.37
0.57
-0.04
90
0.0117
0.23
-0.04
-0.43
0.52
-0.04
95
0.0118
0.23
-0.04
-0.49
0.46
-0.04
100
0.0118
0.23
-0.04
-0.54
0.41
-0.04
105
0.0115
0.22
-0.04
-0.60
0.37
-0.04
110
0.0111
0.22
-0.04
-0.64
0.33
-0.04
115
0.0106
0.21
-0.04
-0.69
0.29
-0.04
120
0.0100
0.20
-0.04
-0.73
0.25
-0.04
125
0.0094
0.18
-0.04
-0.76
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 25 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.