■ 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 — 42 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)LUV open contracts per strike for Fri, Oct 16.
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, Oct 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 16
— call IV— put IVATM ≈ 42.8% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 16
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, Oct 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.01
37
0.0259
0.00
-0.01
-0.02
0.97
-0.01
37.5
0.0376
0.00
-0.01
-0.03
0.95
-0.02
38
0.0588
0.00
-0.02
-0.05
0.92
-0.04
38.5
0.0922
0.01
-0.04
-0.08
0.86
-0.06
39
0.1357
0.01
-0.06
-0.14
0.78
-0.08
39.5
0.1838
0.01
-0.08
-0.22
0.68
-0.10
40
0.2286
0.01
-0.10
-0.32
0.56
-0.11
40.5
0.2581
0.01
-0.11
-0.44
0.43
-0.11
41
0.2604
0.01
-0.11
-0.57
0.31
-0.09
41.5
0.2342
0.01
-0.09
-0.70
0.20
-0.07
42
0.1886
0.01
-0.07
-0.80
0.13
-0.05
42.5
0.1380
0.01
-0.05
-0.88
0.08
-0.04
43
0.0968
0.01
-0.04
-0.92
0.06
-0.03
43.5
0.0679
0.00
-0.03
-0.95
0.04
-0.02
44
0.0484
0.00
-0.02
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 39 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.