■ 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 — 1230 — is the max pain price.
Open interest by strike · Fri, Sep 25
■ calls (up)■ puts (down)LLY 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 ≈ 30.9% · 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
0.71
-0.62
1140
0.0031
1.17
-0.63
-0.29
0.68
-0.64
1150
0.0033
1.23
-0.66
-0.33
0.66
-0.66
1155
0.0034
1.25
-0.67
-0.34
0.64
-0.67
1160
0.0034
1.28
-0.68
-0.36
0.63
-0.68
1165
0.0035
1.30
-0.69
-0.38
0.59
-0.69
1175
0.0036
1.33
-0.71
-0.42
0.57
-0.70
1180
0.0037
1.34
-0.71
-0.43
0.53
-0.71
1190
0.0037
1.36
-0.72
-0.47
0.50
-0.71
1200
0.0037
1.36
-0.72
-0.51
0.46
-0.70
1210
0.0037
1.35
-0.71
-0.55
0.44
-0.70
1215
0.0037
1.35
-0.71
-0.57
0.42
-0.69
1220
0.0037
1.34
-0.70
-0.58
0.41
-0.68
1225
0.0036
1.32
-0.70
-0.60
0.39
-0.68
1230
0.0036
1.31
-0.69
-0.62
0.37
-0.67
1235
0.0036
1.29
-0.68
-0.64
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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.