■ 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, Sep 25
■ calls (up)■ puts (down)NOK open contracts per strike for Fri, Sep 25.
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, Sep 25
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 25
— call IV— put IVATM ≈ 56.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 25
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, Sep 25
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
—
7
0.0167
0.00
-0.00
-0.01
0.98
-0.00
7.5
0.0296
0.00
-0.00
-0.03
0.96
-0.00
8
0.0508
0.00
-0.00
-0.04
0.92
-0.00
8.5
0.0831
0.00
-0.00
-0.08
0.87
-0.01
9
0.1270
0.01
-0.01
-0.14
0.79
-0.01
9.5
0.1766
0.01
-0.01
-0.22
0.68
-0.01
10
0.2192
0.01
-0.01
-0.32
0.56
-0.01
10.5
0.2410
0.01
-0.01
-0.44
0.44
-0.01
11
0.2376
0.01
-0.01
-0.56
0.34
-0.01
11.5
0.2153
0.01
-0.01
-0.67
0.26
-0.01
12
0.1840
0.01
-0.01
-0.75
0.19
-0.01
12.5
0.1516
0.01
-0.01
-0.81
0.15
-0.01
13
0.1224
0.01
-0.01
-0.86
0.11
-0.01
13.5
0.0979
0.01
-0.01
-0.90
0.09
-0.01
14
0.0781
0.01
-0.00
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 24 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.