■ 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 — 105 — is the max pain price.
Open interest by strike · Fri, Sep 18
■ calls (up)■ puts (down)UPS open contracts per strike for Fri, Sep 18.
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 18
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 18
— call IV— put IVATM ≈ 23.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 18
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 18
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.86
-0.03
99
0.0324
0.06
-0.03
-0.14
0.83
-0.04
100
0.0381
0.07
-0.04
-0.17
0.79
-0.04
101
0.0438
0.08
-0.04
-0.22
0.74
-0.05
102
0.0493
0.09
-0.05
-0.26
0.69
-0.05
103
0.0542
0.09
-0.05
-0.32
0.63
-0.05
104
0.0584
0.10
-0.05
-0.37
0.57
-0.06
105
0.0613
0.10
-0.06
-0.43
0.51
-0.06
106
0.0626
0.11
-0.06
-0.50
0.45
-0.06
107
0.0624
0.10
-0.06
-0.56
0.39
-0.05
108
0.0605
0.10
-0.05
-0.62
0.33
-0.05
109
0.0572
0.10
-0.05
-0.68
0.28
-0.05
110
0.0528
0.09
-0.05
-0.74
0.23
-0.04
111
0.0478
0.08
-0.04
-0.79
0.19
-0.04
112
0.0423
0.07
-0.04
-0.83
0.15
-0.03
113
0.0367
0.06
-0.03
-0.87
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 48 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.