■ 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 — 10 — is the max pain price.
Open interest by strike · Fri, Aug 28
■ calls (up)■ puts (down)NOK open contracts per strike for Fri, Aug 28.
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, Aug 28
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 28
— call IV— put IVATM ≈ 61.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 28
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, Aug 28
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
1.00
—
7
0.0005
—
—
0.00
1.00
—
7.5
0.0011
—
0.00
0.00
1.00
—
8
0.0026
—
0.00
-0.00
1.00
—
8.5
0.0070
—
0.00
-0.00
0.99
0.00
9
0.0209
0.00
-0.00
-0.01
0.98
-0.00
9.5
0.0751
0.00
-0.00
-0.02
0.93
-0.01
10
0.3341
0.00
-0.01
-0.07
0.60
-0.10
10.5
1.1260
0.00
-0.10
-0.40
0.16
-0.03
11
0.6000
0.00
-0.04
-0.84
0.05
-0.01
11.5
0.1887
0.00
-0.01
-0.96
0.02
-0.00
12
0.0684
0.00
-0.01
-0.99
0.01
-0.00
12.5
0.0289
0.00
-0.01
-0.99
0.00
-0.00
13
0.0137
0.00
-0.01
-1.00
0.00
0.00
13.5
0.0071
—
-0.01
-1.00
0.00
0.00
14
0.0039
—
-0.01
-1.00
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 36 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.