■ 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 — 28 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)KGC open contracts per strike for Fri, Nov 20.
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, Nov 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 54.1% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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, Nov 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.84
-0.01
26
0.0284
0.04
-0.01
-0.17
0.80
-0.01
27
0.0326
0.04
-0.01
-0.20
0.76
-0.01
28
0.0366
0.05
-0.01
-0.24
0.72
-0.01
29
0.0404
0.05
-0.02
-0.28
0.68
-0.01
30
0.0436
0.06
-0.02
-0.33
0.63
-0.02
31
0.0462
0.06
-0.02
-0.37
0.58
-0.02
32
0.0479
0.06
-0.02
-0.42
0.53
-0.02
33
0.0487
0.06
-0.02
-0.47
0.49
-0.02
34
0.0488
0.06
-0.02
-0.52
0.44
-0.02
35
0.0480
0.06
-0.02
-0.57
0.40
-0.02
36
0.0467
0.06
-0.02
-0.61
0.36
-0.02
37
0.0449
0.06
-0.02
-0.65
0.33
-0.02
38
0.0428
0.06
-0.02
-0.69
0.29
-0.02
39
0.0405
0.05
-0.01
-0.72
0.26
-0.02
40
0.0381
0.05
-0.01
-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 28 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.