■ 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 — 655 — is the max pain price.
Open interest by strike · Thu, Jun 17
■ calls (up)■ puts (down)MDY open contracts per strike for Thu, Jun 17.
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 · Thu, Jun 17
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Thu, Jun 17
— call IV— put IVATM ≈ 18.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Thu, Jun 17
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 · Thu, Jun 17
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.76
-0.05
655
0.0023
2.02
-0.07
-0.25
0.75
-0.06
660
0.0024
2.08
-0.07
-0.26
0.74
-0.06
665
0.0025
2.12
-0.07
-0.28
0.73
-0.06
670
0.0026
2.16
-0.07
-0.29
0.68
-0.06
690
0.0029
2.34
-0.08
-0.35
0.65
-0.07
700
0.0030
2.39
-0.08
-0.38
0.62
-0.07
710
0.0032
2.47
-0.08
-0.41
0.58
-0.07
720
0.0033
2.52
-0.08
-0.45
0.57
-0.07
725
0.0034
2.53
-0.08
-0.47
0.55
-0.07
730
0.0034
2.56
-0.08
-0.49
0.48
-0.07
750
0.0036
2.57
-0.08
-0.57
0.45
-0.07
760
0.0036
2.56
-0.08
-0.61
0.41
-0.07
770
0.0036
2.51
-0.08
-0.66
0.40
-0.06
775
0.0036
2.49
-0.08
-0.68
0.34
-0.06
790
0.0035
2.39
-0.07
-0.75
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 41 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.