■ 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 — 32.5 — is the max pain price.
Open interest by strike · Fri, Sep 18
■ calls (up)■ puts (down)VKTX 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 ≈ 69.2% · 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
1.00
-0.00
15
0.0018
0.00
-0.00
-0.01
0.99
-0.01
17.5
0.0036
0.00
-0.01
-0.01
0.97
-0.01
20
0.0069
0.01
-0.01
-0.03
0.95
-0.01
22.5
0.0126
0.01
-0.01
-0.06
0.90
-0.02
25
0.0214
0.02
-0.02
-0.10
0.83
-0.03
27.5
0.0330
0.03
-0.03
-0.18
0.72
-0.04
30
0.0448
0.04
-0.04
-0.28
0.59
-0.04
32.5
0.0522
0.04
-0.04
-0.41
0.47
-0.04
35
0.0528
0.04
-0.04
-0.55
0.35
-0.04
37.5
0.0481
0.04
-0.04
-0.66
0.27
-0.04
40
0.0411
0.03
-0.04
-0.75
0.20
-0.03
42.5
0.0340
0.03
-0.03
-0.81
0.15
-0.03
45
0.0277
0.02
-0.03
-0.86
0.12
-0.03
47.5
0.0225
0.02
-0.03
-0.90
0.09
-0.02
50
0.0183
0.02
-0.02
-0.93
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 17 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.