■ 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 — 195 — is the max pain price.
Open interest by strike · Fri, Sep 25
■ calls (up)■ puts (down)RTX 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 ≈ 27.1% · 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
-0.03
172.5
0.0037
0.01
-0.03
-0.01
0.98
-0.03
175
0.0050
0.01
-0.04
-0.02
0.98
-0.04
177.5
0.0072
0.01
-0.04
-0.02
0.97
-0.05
180
0.0114
0.01
-0.05
-0.03
0.94
-0.08
182.5
0.0201
0.02
-0.08
-0.06
0.89
-0.15
185
0.0370
0.03
-0.15
-0.11
0.78
-0.24
187.5
0.0622
0.05
-0.24
-0.22
0.60
-0.32
190
0.0852
0.07
-0.32
-0.41
0.38
-0.31
192.5
0.0851
0.07
-0.31
-0.63
0.20
-0.22
195
0.0615
0.05
-0.22
-0.81
0.10
-0.12
197.5
0.0355
0.03
-0.12
-0.91
0.04
-0.06
200
0.0178
0.02
-0.06
-0.97
0.02
-0.03
202.5
0.0088
0.01
-0.03
-0.99
0.01
-0.02
205
0.0048
0.01
-0.03
-1.00
0.01
-0.01
207.5
0.0030
0.00
-0.03
-1.00
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 46 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.