■ 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 — 40 — is the max pain price.
Open interest by strike · Fri, Jan 15
■ calls (up)■ puts (down)MGA open contracts per strike for Fri, Jan 15.
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, Jan 15
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Jan 15
— call IV— put IVATM ≈ 35.0% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Jan 15
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, Jan 15
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.88
-0.01
52.5
0.0104
0.09
-0.01
-0.13
0.85
-0.01
55
0.0125
0.11
-0.01
-0.15
0.81
-0.01
57.5
0.0148
0.12
-0.02
-0.19
0.77
-0.01
60
0.0172
0.14
-0.02
-0.23
0.72
-0.02
62.5
0.0197
0.15
-0.02
-0.28
0.67
-0.02
65
0.0219
0.16
-0.02
-0.33
0.61
-0.02
67.5
0.0238
0.17
-0.02
-0.39
0.55
-0.02
70
0.0251
0.18
-0.02
-0.46
0.49
-0.02
72.5
0.0256
0.18
-0.02
-0.52
0.43
-0.02
75
0.0253
0.18
-0.02
-0.58
0.37
-0.02
77.5
0.0244
0.17
-0.02
-0.64
0.32
-0.02
80
0.0230
0.16
-0.02
-0.69
0.24
-0.02
85
0.0194
0.14
-0.01
-0.78
0.18
-0.01
90
0.0159
0.12
-0.01
-0.84
0.14
-0.01
95
0.0129
0.10
-0.01
-0.89
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 30 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.