3219 -83.30 (-2.52%)

Strike  2000  has a total call value of 0  versus a total put value of  290,020,500,000 Combined total value = 290,020,500,000

Strike  2050  has a total call value of 43,500,000  versus a total put value of  275,356,500,000 Combined total value = 275,400,000,000

Strike  2100  has a total call value of 87,000,000  versus a total put value of  260,692,500,000 Combined total value = 260,779,500,000

Strike  2150  has a total call value of 130,500,000  versus a total put value of  246,028,500,000 Combined total value = 246,159,000,000

Strike  2200  has a total call value of 174,000,000  versus a total put value of  231,364,500,000 Combined total value = 231,538,500,000

Strike  2250  has a total call value of 217,500,000  versus a total put value of  217,234,500,000 Combined total value = 217,452,000,000

Strike  2300  has a total call value of 261,000,000  versus a total put value of  203,256,000,000 Combined total value = 203,517,000,000

Strike  2350  has a total call value of 304,500,000  versus a total put value of  189,447,000,000 Combined total value = 189,751,500,000

Strike  2400  has a total call value of 348,000,000  versus a total put value of  175,773,000,000 Combined total value = 176,121,000,000

Strike  2450  has a total call value of 391,500,000  versus a total put value of  162,298,500,000 Combined total value = 162,690,000,000

Strike  2500  has a total call value of 435,000,000  versus a total put value of  148,824,000,000 Combined total value = 149,259,000,000

Strike  2550  has a total call value of 528,000,000  versus a total put value of  135,759,000,000 Combined total value = 136,287,000,000

Strike  2600  has a total call value of 621,000,000  versus a total put value of  122,773,500,000 Combined total value = 123,394,500,000

Strike  2650  has a total call value of 765,000,000  versus a total put value of  110,182,500,000 Combined total value = 110,947,500,000

Strike  2700  has a total call value of 909,000,000  versus a total put value of  97,668,000,000 Combined total value = 98,577,000,000

Strike  2750  has a total call value of 1,158,000,000  versus a total put value of  85,690,500,000 Combined total value = 86,848,500,000

Strike  2800  has a total call value of 1,407,000,000  versus a total put value of  73,905,000,000 Combined total value = 75,312,000,000

Strike  2850  has a total call value of 1,764,000,000  versus a total put value of  62,980,500,000 Combined total value = 64,744,500,000

Strike  2900  has a total call value of 2,265,000,000  versus a total put value of  52,182,000,000 Combined total value = 54,447,000,000

Strike  2950  has a total call value of 2,941,500,000  versus a total put value of  42,157,500,000 Combined total value = 45,099,000,000

Strike  3000  has a total call value of 3,784,500,000  versus a total put value of  32,334,000,000 Combined total value = 36,118,500,000

Strike  3050  has a total call value of 5,122,500,000  versus a total put value of  24,669,000,000 Combined total value = 29,791,500,000

Strike  3100  has a total call value of 6,603,000,000  versus a total put value of  17,191,500,000 Combined total value = 23,794,500,000

Strike  3150  has a total call value of 8,475,000,000  versus a total put value of  12,417,000,000 Combined total value = 20,892,000,000

Strike  3200  has a total call value of 10,575,000,000  versus a total put value of  7,923,000,000 Combined total value = 18,498,000,000

Strike  3250  has a total call value of 14,862,000,000  versus a total put value of  5,074,500,000 Combined total value = 19,936,500,000

Strike  3300  has a total call value of 21,123,000,000  versus a total put value of  3,004,500,000 Combined total value = 24,127,500,000

Strike  3350  has a total call value of 31,093,500,000  versus a total put value of  1,741,500,000 Combined total value = 32,835,000,000

Strike  3400  has a total call value of 43,726,500,000  versus a total put value of  1,204,500,000 Combined total value = 44,931,000,000

Strike  3450  has a total call value of 59,490,000,000  versus a total put value of  894,000,000 Combined total value = 60,384,000,000

Strike  3500  has a total call value of 76,380,000,000  versus a total put value of  597,000,000 Combined total value = 76,977,000,000

Strike  3550  has a total call value of 98,398,500,000  versus a total put value of  409,500,000 Combined total value = 98,808,000,000

Strike  3600  has a total call value of 122,214,000,000  versus a total put value of  222,000,000 Combined total value = 122,436,000,000

Strike  3650  has a total call value of 147,571,500,000  versus a total put value of  111,000,000 Combined total value = 147,682,500,000

Strike  3700  has a total call value of 172,948,500,000  versus a total put value of  0 Combined total value = 172,948,500,000

Strike  3750  has a total call value of 199,369,500,000  versus a total put value of  0 Combined total value = 199,369,500,000

Strike  3800  has a total call value of 225,790,500,000  versus a total put value of  0 Combined total value = 225,790,500,000

Max Pain - Choose a symbol

What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.