■ 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 — 92 — is the max pain price.
Open interest by strike · Fri, Sep 25
■ calls (up)■ puts (down)INTC open contracts per strike for Fri, Sep 25.
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 25
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 25
— call IV— put IVATM ≈ 57.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 25
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 25
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.77
-0.07
83
0.0202
0.08
-0.08
-0.23
0.75
-0.08
84
0.0213
0.08
-0.08
-0.25
0.72
-0.08
85
0.0224
0.09
-0.09
-0.28
0.70
-0.09
86
0.0233
0.09
-0.09
-0.30
0.68
-0.09
87
0.0241
0.09
-0.09
-0.33
0.65
-0.09
88
0.0249
0.10
-0.10
-0.35
0.62
-0.10
89
0.0255
0.10
-0.10
-0.38
0.60
-0.10
90
0.0259
0.10
-0.10
-0.41
0.57
-0.10
91
0.0263
0.10
-0.10
-0.43
0.54
-0.10
92
0.0265
0.10
-0.10
-0.46
0.52
-0.10
93
0.0266
0.10
-0.10
-0.48
0.49
-0.10
94
0.0265
0.10
-0.10
-0.51
0.47
-0.10
95
0.0264
0.10
-0.10
-0.54
0.44
-0.10
96
0.0261
0.10
-0.10
-0.56
0.42
-0.10
97
0.0257
0.10
-0.10
-0.59
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 53 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.