■ 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 — 27 — is the max pain price.
Open interest by strike · Fri, Sep 18
■ calls (up)■ puts (down)KGC open contracts per strike for Fri, Sep 18.
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 18
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 18
— call IV— put IVATM ≈ 46.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 18
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 18
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.91
-0.01
27
0.0348
0.01
-0.02
-0.09
0.87
-0.02
28
0.0473
0.02
-0.02
-0.13
0.82
-0.02
29
0.0618
0.02
-0.03
-0.18
0.78
-0.03
29.5
0.0694
0.02
-0.03
-0.22
0.75
-0.03
30
0.0767
0.03
-0.03
-0.26
0.66
-0.03
31
0.0892
0.03
-0.03
-0.34
0.57
-0.04
32
0.0965
0.03
-0.04
-0.44
0.52
-0.04
32.5
0.0977
0.03
-0.04
-0.49
0.47
-0.04
33
0.0972
0.03
-0.04
-0.53
0.42
-0.04
33.5
0.0951
0.03
-0.04
-0.58
0.38
-0.03
34
0.0918
0.03
-0.04
-0.63
0.30
-0.03
35
0.0825
0.03
-0.03
-0.70
0.27
-0.03
35.5
0.0771
0.03
-0.03
-0.74
0.24
-0.03
36
0.0715
0.03
-0.03
-0.77
0.19
-0.03
37
0.0604
0.02
-0.03
-0.82
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 29 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.