■ 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 — 20 — is the max pain price.
Open interest by strike · Fri, Jan 21
■ calls (up)■ puts (down)LBRT open contracts per strike for Fri, Jan 21.
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, Jan 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 21
— call IV— put IVATM ≈ 65.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 21
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, Jan 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
—
5
0.0024
0.01
-0.00
-0.03
0.95
0.00
8
0.0055
0.03
-0.00
-0.06
0.92
-0.00
10
0.0080
0.04
-0.00
-0.09
0.89
-0.00
12
0.0107
0.05
-0.00
-0.12
0.83
-0.00
15
0.0148
0.07
-0.00
-0.18
0.79
-0.00
17
0.0174
0.08
-0.01
-0.22
0.72
-0.00
20
0.0208
0.09
-0.01
-0.29
0.67
-0.01
22
0.0226
0.09
-0.01
-0.34
0.60
-0.01
25
0.0247
0.10
-0.01
-0.42
0.56
-0.01
27
0.0256
0.10
-0.01
-0.46
0.49
-0.01
30
0.0263
0.10
-0.01
-0.54
0.40
-0.01
35
0.0260
0.10
-0.01
-0.65
0.32
-0.01
40
0.0245
0.09
-0.00
-0.75
0.25
-0.00
45
0.0223
0.08
-0.00
-0.84
0.20
-0.00
50
0.0197
0.07
-0.00
-0.91
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 16 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.