■ 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 — 100 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)INCY 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 ≈ 37.8% · 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
0.87
-0.02
92.5
0.0062
0.17
-0.02
-0.13
0.85
-0.02
95
0.0069
0.19
-0.02
-0.15
0.83
-0.02
97.5
0.0076
0.20
-0.03
-0.17
0.81
-0.02
100
0.0083
0.22
-0.03
-0.19
0.76
-0.03
105
0.0096
0.25
-0.03
-0.24
0.71
-0.03
110
0.0109
0.28
-0.03
-0.30
0.65
-0.03
115
0.0120
0.30
-0.04
-0.36
0.59
-0.03
120
0.0127
0.31
-0.04
-0.43
0.52
-0.04
125
0.0132
0.32
-0.04
-0.50
0.46
-0.04
130
0.0132
0.32
-0.04
-0.57
0.40
-0.03
135
0.0130
0.31
-0.04
-0.63
0.34
-0.03
140
0.0124
0.29
-0.03
-0.69
0.29
-0.03
145
0.0116
0.28
-0.03
-0.75
0.24
-0.03
150
0.0107
0.25
-0.03
-0.81
0.20
-0.03
155
0.0096
0.23
-0.02
-0.85
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 43 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.