■ 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 — 15 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)LYEL 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 ≈ 105.9% · 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
0.82
-0.01
10
0.0336
0.02
-0.01
-0.20
0.73
-0.01
12
0.0484
0.02
-0.02
-0.29
0.67
-0.01
13
0.0545
0.02
-0.02
-0.35
0.61
-0.02
14
0.0581
0.03
-0.02
-0.41
0.56
-0.02
15
0.0591
0.03
-0.02
-0.47
0.47
-0.02
17
0.0562
0.03
-0.02
-0.56
0.43
-0.02
18
0.0537
0.03
-0.02
-0.59
0.38
-0.02
20
0.0487
0.02
-0.02
-0.65
0.34
-0.02
22
0.0442
0.02
-0.02
-0.69
0.33
-0.02
23
0.0423
0.02
-0.02
-0.70
0.31
-0.02
24
0.0404
0.02
-0.02
-0.72
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 11 strikes around the money — all 19 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.