iOS App — Coming Soon

Visualize
options open
interest data

Max pain levels, open interest charts, and options flow data — built for your iPhone. See how open interest is distributed across strikes at a glance.

Free during beta. No credit card required.

AAPL Jan 17, 2026
$198.45 +1.24%
Max Pain $195.00
Distance +1.7%
P/C Ratio 0.82
Open Interest by Strike
MP
Calls OI Puts OI
Pain
Chain
Watch
Search

What is Max Pain?

A theoretical price level where the total payout on outstanding put and call options would be at its minimum for option holders.

01

The Theory

Max pain theory suggests that stock prices may tend toward the strike where the most options contracts would expire worthless — though this is not guaranteed.

02

The Hypothesis

Some traders observe that market makers who sell options hedge their positions, which may influence short-term price action near expiration. Results vary.

03

As a Data Point

Some traders compare the current stock price to the max pain level as one of many data points in their analysis. This data alone should not be the basis for any trading decision.

$180
$185
$190
MAX PAIN
$195
$200
$205
$210
Calls OI (cumulative) Puts OI (cumulative) Max Pain

Reading the chart

The green and red bars represent cumulative open interest for calls and puts at each strike price.

Calls (green) — Highest on the left (deep in-the-money), decreasing toward right as strikes move higher.
Puts (red) — Highest on the right (deep in-the-money), decreasing toward left as strikes move lower.
Max Pain — The trough where both bars are smallest. This is the theoretical point where the total payout on outstanding options would be minimized.

Options data on your iPhone

Market data and visualizations for educational and informational use.

Max Pain Data

View calculated max pain levels for any ticker across all expiration dates.

Open Interest Charts

Visualize call and put open interest distribution across every strike price.

Price vs. Max Pain

View historical data showing the relationship between stock price and max pain levels.

Custom Watchlists

Monitor your tickers with max pain summaries at a glance.

Options Chain

Browse the full options chain with volume, open interest, and strike-level data.

Native iOS Experience

Built for iPhone. Fast, fluid, and designed to feel right at home.

Max Pain

Get early access

Join the waitlist and be first to download when we launch on the App Store.