■ 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 — 585 — is the max pain price.
Open interest by strike · Fri, Sep 11
■ calls (up)■ puts (down)LMT open contracts per strike for Fri, Sep 11.
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 11
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 11
— call IV— put IVATM ≈ 25.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 11
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 11
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.83
-0.16
540
0.0054
0.46
-0.18
-0.19
0.81
-0.18
545
0.0060
0.49
-0.20
-0.22
0.77
-0.20
550
0.0066
0.55
-0.21
-0.25
0.74
-0.22
555
0.0072
0.58
-0.23
-0.29
0.70
-0.23
560
0.0076
0.63
-0.24
-0.33
0.66
-0.25
565
0.0080
0.67
-0.25
-0.36
0.62
-0.26
570
0.0083
0.68
-0.26
-0.41
0.53
-0.27
580
0.0086
0.71
-0.26
-0.49
0.49
-0.27
585
0.0086
0.72
-0.26
-0.53
0.45
-0.27
590
0.0085
0.72
-0.26
-0.57
0.41
-0.26
595
0.0082
0.70
-0.25
-0.61
0.37
-0.26
600
0.0080
0.68
-0.24
-0.65
0.33
-0.25
605
0.0076
0.66
-0.23
-0.68
0.30
-0.24
610
0.0072
0.63
-0.22
-0.71
0.27
-0.23
615
0.0068
0.60
-0.21
-0.74
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 37 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.