■ 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 — 19 — is the max pain price.
Open interest by strike · Wed, Aug 12
■ calls (up)■ puts (down)VIX open contracts per strike for Wed, Aug 12.
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 · Wed, Aug 12
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Wed, Aug 12
— call IV— put IVATM ≈ 84.4% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Wed, Aug 12
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 · Wed, Aug 12
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.98
-0.00
13
0.0102
0.00
-0.01
-0.02
0.98
-0.01
13.5
0.0135
0.00
-0.01
-0.02
0.97
-0.01
14
0.0180
0.00
-0.01
-0.03
0.96
-0.01
14.5
0.0240
0.00
-0.01
-0.04
0.94
-0.01
15
0.0320
0.00
-0.01
-0.06
0.89
-0.02
16
0.0535
0.01
-0.02
-0.11
0.80
-0.04
17
0.0743
0.01
-0.04
-0.20
0.70
-0.05
18
0.0897
0.01
-0.05
-0.29
0.60
-0.05
19
0.1000
0.01
-0.05
-0.40
0.50
-0.05
20
0.1053
0.02
-0.05
-0.50
0.42
-0.06
21
0.0934
0.01
-0.06
-0.58
0.35
-0.06
22
0.0822
0.01
-0.06
-0.65
0.30
-0.06
23
0.0723
0.01
-0.06
-0.70
0.26
-0.06
24
0.0637
0.01
-0.06
-0.74
0.22
-0.05
25
0.0563
0.01
-0.05
-0.77
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 47 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 history
History starts accruing now: first snapshot taken 2026-07-28. We chart only days we actually observed — check back as the record builds. The measured hit-rate across all tickers lives on the accuracy ledger.
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.