■ 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 — 715 — is the max pain price.
Open interest by strike · Wed, Sep 23
■ calls (up)■ puts (down)QQQ open contracts per strike for Wed, Sep 23.
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 · Wed, Sep 23
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Wed, Sep 23
— call IV— put IVATM ≈ 15.9% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Wed, Sep 23
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 · Wed, Sep 23
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.75
-0.33
700
0.0137
0.41
-0.33
-0.26
0.73
-0.33
701
0.0141
0.42
-0.33
-0.27
0.68
-0.35
705
0.0160
0.46
-0.35
-0.33
0.62
-0.36
709
0.0177
0.49
-0.36
-0.39
0.60
-0.36
710
0.0181
0.50
-0.36
-0.41
0.58
-0.36
711
0.0185
0.50
-0.36
-0.43
0.53
-0.36
714
0.0194
0.51
-0.35
-0.48
0.51
-0.35
715
0.0196
0.52
-0.35
-0.50
0.49
-0.35
716
0.0198
0.52
-0.35
-0.52
0.47
-0.35
717
0.0199
0.51
-0.34
-0.54
0.41
-0.33
720
0.0200
0.50
-0.32
-0.60
0.30
-0.28
725
0.0188
0.46
-0.27
-0.70
0.24
-0.24
728
0.0174
0.41
-0.24
-0.76
0.21
-0.21
730
0.0161
0.38
-0.21
-0.80
0.13
-0.15
735
0.0122
0.28
-0.15
-0.88
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 49 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.