■ 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 — 57.5 — is the max pain price.
Open interest by strike · Fri, Nov 20
■ calls (up)■ puts (down)UL open contracts per strike for Fri, Nov 20.
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, Nov 20
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Nov 20
— call IV— put IVATM ≈ 21.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Nov 20
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, Nov 20
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
0.00
45
0.0049
0.02
-0.00
-0.03
0.96
-0.00
47.5
0.0075
0.03
-0.01
-0.04
0.95
-0.00
50
0.0116
0.04
-0.01
-0.07
0.92
-0.01
52.5
0.0177
0.05
-0.01
-0.10
0.87
-0.01
55
0.0264
0.07
-0.01
-0.15
0.79
-0.01
57.5
0.0376
0.09
-0.01
-0.23
0.69
-0.01
60
0.0492
0.12
-0.01
-0.34
0.56
-0.01
62.5
0.0570
0.13
-0.01
-0.47
0.41
-0.01
65
0.0571
0.13
-0.01
-0.61
0.29
-0.01
67.5
0.0498
0.11
-0.01
-0.73
0.19
-0.01
70
0.0390
0.09
-0.01
-0.83
0.12
-0.01
72.5
0.0284
0.07
-0.01
-0.91
0.08
-0.01
75
0.0198
0.05
-0.01
-0.97
0.03
-0.00
80
0.0092
0.02
-0.01
-1.00
0.01
-0.00
85
0.0042
0.01
-0.01
-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 18 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.