■ 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 — 52 — is the max pain price.
Open interest by strike · Fri, Oct 16
■ calls (up)■ puts (down)UGL open contracts per strike for Fri, Oct 16.
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, Oct 16
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Oct 16
— call IV— put IVATM ≈ 45.3% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Oct 16
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, Oct 16
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.82
-0.02
44
0.0259
0.06
-0.02
-0.18
0.79
-0.02
45
0.0289
0.06
-0.02
-0.21
0.76
-0.02
46
0.0318
0.07
-0.02
-0.24
0.73
-0.03
47
0.0345
0.07
-0.03
-0.28
0.69
-0.03
48
0.0370
0.07
-0.03
-0.31
0.65
-0.03
49
0.0391
0.08
-0.03
-0.35
0.61
-0.03
50
0.0407
0.08
-0.03
-0.40
0.57
-0.03
51
0.0418
0.08
-0.03
-0.44
0.53
-0.03
52
0.0423
0.09
-0.03
-0.48
0.48
-0.03
53
0.0422
0.09
-0.03
-0.52
0.45
-0.03
54
0.0417
0.08
-0.03
-0.56
0.41
-0.03
55
0.0407
0.08
-0.03
-0.60
0.37
-0.03
56
0.0393
0.08
-0.03
-0.64
0.34
-0.03
57
0.0377
0.08
-0.03
-0.67
0.31
-0.03
58
0.0359
0.07
-0.03
-0.70
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 56 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.