■ 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 — 89 — is the max pain price.
Open interest by strike · Wed, Sep 2
■ calls (up)■ puts (down)INTC open contracts per strike for Wed, Sep 2.
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 · Wed, Sep 2
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Wed, Sep 2
— call IV— put IVATM ≈ 55.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Wed, Sep 2
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 · Wed, Sep 2
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.92
-0.08
83
0.0210
0.02
-0.08
-0.08
0.90
-0.09
84
0.0256
0.02
-0.10
-0.10
0.87
-0.11
85
0.0309
0.03
-0.11
-0.13
0.84
-0.13
86
0.0367
0.03
-0.13
-0.16
0.80
-0.15
87
0.0427
0.03
-0.15
-0.20
0.75
-0.17
88
0.0484
0.04
-0.17
-0.25
0.70
-0.19
89
0.0536
0.04
-0.19
-0.30
0.65
-0.20
90
0.0576
0.04
-0.21
-0.36
0.58
-0.22
91
0.0603
0.05
-0.22
-0.42
0.52
-0.22
92
0.0615
0.05
-0.22
-0.48
0.46
-0.22
93
0.0611
0.05
-0.22
-0.54
0.40
-0.22
94
0.0592
0.05
-0.22
-0.60
0.35
-0.21
95
0.0562
0.04
-0.21
-0.65
0.30
-0.19
96
0.0523
0.04
-0.19
-0.70
0.25
-0.18
97
0.0478
0.04
-0.18
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 52 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.