■ 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 — 60 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)SU 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 ≈ 29.3% · 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
0.98
-0.01
59
0.0146
0.01
-0.01
-0.02
0.97
-0.02
60
0.0221
0.01
-0.02
-0.04
0.95
-0.02
61
0.0338
0.01
-0.02
-0.05
0.92
-0.03
62
0.0521
0.01
-0.03
-0.09
0.86
-0.04
63
0.0793
0.02
-0.04
-0.14
0.78
-0.06
64
0.1153
0.03
-0.06
-0.22
0.65
-0.07
65
0.1503
0.03
-0.07
-0.35
0.49
-0.07
66
0.1645
0.04
-0.07
-0.52
0.34
-0.07
67
0.1479
0.03
-0.07
-0.67
0.22
-0.05
68
0.1144
0.03
-0.06
-0.79
0.14
-0.04
69
0.0812
0.02
-0.04
-0.87
0.09
-0.03
70
0.0555
0.01
-0.03
-0.92
0.06
-0.02
71
0.0375
0.01
-0.02
-0.95
0.04
-0.02
72
0.0254
0.01
-0.01
-0.97
0.03
-0.01
73
0.0173
0.01
-0.01
-0.98
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 32 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.