■ 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 — 115 — is the max pain price.
Open interest by strike · Fri, Aug 21
■ calls (up)■ puts (down)TTMI 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 ≈ 73.9% · 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
-0.06
105
0.0024
0.01
-0.06
-0.02
0.97
-0.09
110
0.0039
0.01
-0.09
-0.03
0.94
-0.14
115
0.0064
0.02
-0.14
-0.06
0.91
-0.20
120
0.0099
0.03
-0.20
-0.10
0.85
-0.28
125
0.0145
0.05
-0.28
-0.15
0.76
-0.36
130
0.0196
0.06
-0.36
-0.24
0.65
-0.43
135
0.0238
0.07
-0.42
-0.35
0.52
-0.46
140
0.0257
0.08
-0.46
-0.48
0.40
-0.44
145
0.0247
0.07
-0.44
-0.60
0.29
-0.39
150
0.0215
0.07
-0.39
-0.71
0.21
-0.33
155
0.0175
0.06
-0.33
-0.79
0.14
-0.26
160
0.0136
0.04
-0.26
-0.85
0.10
-0.20
165
0.0102
0.03
-0.20
-0.90
0.07
-0.16
170
0.0076
0.03
-0.16
-0.93
0.05
-0.12
175
0.0056
0.02
-0.12
-0.95
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 42 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.