■ 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 — 16.5 — is the max pain price.
Open interest by strike · Fri, Sep 25
■ calls (up)■ puts (down)XE open contracts per strike for Fri, Sep 25.
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 25
■ calls (up)■ puts (down)Today's traded contracts per strike (delayed).
Implied volatility by strike · Fri, Sep 25
— call IV— put IVATM ≈ 99.7% · Quoted strikes only; illiquid wings with junk fits are dropped, not smoothed.
Gamma exposure by strike · Fri, Sep 25
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 25
Call Δ
Call Θ
Strike
Γ
Vega
Put Θ
Put Δ
0.99
-0.00
13
0.0141
0.00
-0.00
-0.01
0.98
-0.01
13.5
0.0276
0.00
-0.01
-0.02
0.96
-0.01
14
0.0528
0.00
-0.01
-0.04
0.93
-0.02
14.5
0.0956
0.00
-0.02
-0.07
0.87
-0.04
15
0.1586
0.00
-0.04
-0.13
0.77
-0.05
15.5
0.2305
0.01
-0.05
-0.23
0.63
-0.07
16
0.2849
0.01
-0.07
-0.37
0.48
-0.07
16.5
0.2978
0.01
-0.07
-0.52
0.35
-0.07
17
0.2693
0.01
-0.07
-0.65
0.24
-0.06
17.5
0.2185
0.01
-0.06
-0.76
0.16
-0.04
18
0.1648
0.00
-0.04
-0.84
0.10
-0.03
18.5
0.1188
0.00
-0.03
-0.90
0.07
-0.02
19
0.0834
0.00
-0.02
-0.93
0.04
-0.02
19.5
0.0578
0.00
-0.02
-0.96
0.03
-0.01
20
0.0398
0.00
-0.01
-0.97
Quoted contract greeks from the delayed feed (not modeled here); the highlighted row is nearest to spot. Showing 15 strikes around the money — all 31 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.