■ 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 — 720 — is the max pain price.
Open interest by strike · Tue, Sep 22
■ calls (up)■ puts (down)QQQ open contracts per strike for Tue, Sep 22.
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 · Tue, Sep 22
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Tue, Sep 22
— call IV— put IVATM ≈ 15.6% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Tue, Sep 22
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 · Tue, Sep 22
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.66
-0.36
707
0.0177
0.46
-0.36
-0.35
0.63
-0.37
709
0.0187
0.47
-0.37
-0.39
0.61
-0.37
710
0.0192
0.47
-0.37
-0.41
0.59
-0.37
711
0.0196
0.48
-0.37
-0.42
0.57
-0.37
712
0.0200
0.49
-0.37
-0.44
0.55
-0.37
713
0.0203
0.49
-0.37
-0.46
0.53
-0.37
714
0.0206
0.49
-0.36
-0.48
0.51
-0.36
715
0.0209
0.49
-0.36
-0.50
0.47
-0.36
717
0.0212
0.49
-0.35
-0.54
0.40
-0.34
720
0.0212
0.48
-0.33
-0.61
0.29
-0.28
725
0.0198
0.43
-0.27
-0.72
0.19
-0.21
730
0.0164
0.34
-0.20
-0.82
0.11
-0.14
735
0.0119
0.25
-0.13
-0.89
0.07
-0.09
739
0.0084
0.18
-0.09
-0.94
0.06
-0.08
740
0.0076
0.16
-0.08
-0.94
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 60 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 history — nearest expiry vs price
— max pain (nearest expiry)- - delayed closeOne point per snapshot day since 2026-07-28; unobserved days are gaps, not guesses.
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.