■ 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 — 12 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)NVTS open contracts per strike for Fri, Aug 21.
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 21
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Aug 21
— call IV— put IVATM ≈ 89.2% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Aug 21
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 21
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.97
-0.01
11
0.0333
0.00
-0.01
-0.03
0.95
-0.01
11.5
0.0504
0.00
-0.01
-0.05
0.92
-0.02
12
0.0750
0.00
-0.02
-0.08
0.88
-0.03
12.5
0.1081
0.00
-0.03
-0.12
0.81
-0.04
13
0.1478
0.01
-0.04
-0.19
0.73
-0.04
13.5
0.1878
0.01
-0.04
-0.28
0.62
-0.05
14
0.2175
0.01
-0.05
-0.38
0.51
-0.05
14.5
0.2279
0.01
-0.05
-0.49
0.40
-0.05
15
0.2178
0.01
-0.05
-0.60
0.31
-0.05
15.5
0.1936
0.01
-0.05
-0.69
0.23
-0.04
16
0.1634
0.01
-0.04
-0.77
0.17
-0.04
16.5
0.1335
0.01
-0.04
-0.83
0.13
-0.03
17
0.1070
0.00
-0.03
-0.87
0.10
-0.02
17.5
0.0850
0.00
-0.02
-0.90
0.07
-0.02
18
0.0672
0.00
-0.02
-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 44 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.