■ 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 — 7 — is the max pain price.
Open interest by strike · Fri, Sep 4
■ calls (up)■ puts (down)POET open contracts per strike for Fri, Sep 4.
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 4
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 4
— call IV— put IVATM ≈ 108.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 4
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 4
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.94
-0.01
5.5
0.0375
0.00
-0.01
-0.06
0.92
-0.01
6
0.0533
0.00
-0.01
-0.08
0.89
-0.01
6.5
0.0736
0.00
-0.01
-0.12
0.84
-0.01
7
0.0977
0.01
-0.01
-0.16
0.78
-0.02
7.5
0.1232
0.01
-0.02
-0.23
0.70
-0.02
8
0.1460
0.01
-0.02
-0.30
0.62
-0.02
8.5
0.1620
0.01
-0.02
-0.38
0.54
-0.02
9
0.1691
0.01
-0.02
-0.47
0.46
-0.02
9.5
0.1675
0.01
-0.02
-0.55
0.38
-0.02
10
0.1593
0.01
-0.02
-0.62
0.32
-0.02
10.5
0.1470
0.01
-0.02
-0.68
0.27
-0.02
11
0.1329
0.01
-0.02
-0.74
0.22
-0.02
11.5
0.1184
0.01
-0.02
-0.78
0.19
-0.01
12
0.1046
0.01
-0.01
-0.82
0.16
-0.01
12.5
0.0918
0.01
-0.01
-0.85
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 26 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.