■ 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 — 22 — is the max pain price.
Open interest by strike · Thu, Jun 17
■ calls (up)■ puts (down)KEY open contracts per strike for Thu, Jun 17.
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 · Thu, Jun 17
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Thu, Jun 17
— call IV— put IVATM ≈ 29.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Thu, Jun 17
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 · Thu, Jun 17
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
1.00
—
5
0.0013
0.01
-0.00
-0.01
1.00
—
8
0.0001
0.01
-0.00
-0.02
1.00
—
10
0.0020
0.00
-0.00
-0.03
0.97
-0.00
13
0.0126
0.01
-0.00
-0.05
0.93
-0.00
15
0.0193
0.03
-0.00
-0.08
0.88
-0.00
17
0.0287
0.04
-0.00
-0.13
0.76
-0.00
20
0.0491
0.07
-0.00
-0.25
0.64
-0.00
22
0.0621
0.08
-0.00
-0.37
0.44
-0.00
25
0.0697
0.08
-0.00
-0.57
0.32
-0.00
27
0.0645
0.07
-0.00
-0.69
0.18
-0.00
30
0.0482
0.06
-0.00
-0.84
0.12
-0.00
32
0.0367
0.04
-0.00
-0.92
0.07
-0.00
35
0.0228
0.03
—
-0.98
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 13 strikes around the money — all 14 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.