1114.7 17.61 (1.61%)

Strike  890  has a total call value of 0  versus a total put value of  21,863,500,000 Combined total value = 21,863,500,000

Strike  900  has a total call value of 1,500,000  versus a total put value of  20,346,500,000 Combined total value = 20,348,000,000

Strike  910  has a total call value of 3,000,000  versus a total put value of  18,873,000,000 Combined total value = 18,876,000,000

Strike  920  has a total call value of 4,500,000  versus a total put value of  17,399,500,000 Combined total value = 17,404,000,000

Strike  930  has a total call value of 6,000,000  versus a total put value of  15,926,000,000 Combined total value = 15,932,000,000

Strike  940  has a total call value of 7,500,000  versus a total put value of  14,452,500,000 Combined total value = 14,460,000,000

Strike  950  has a total call value of 9,000,000  versus a total put value of  12,989,000,000 Combined total value = 12,998,000,000

Strike  960  has a total call value of 10,500,000  versus a total put value of  11,644,500,000 Combined total value = 11,655,000,000

Strike  970  has a total call value of 12,000,000  versus a total put value of  10,349,000,000 Combined total value = 10,361,000,000

Strike  980  has a total call value of 13,500,000  versus a total put value of  9,053,500,000 Combined total value = 9,067,000,000

Strike  990  has a total call value of 20,000,000  versus a total put value of  7,815,000,000 Combined total value = 7,835,000,000

Strike  1000  has a total call value of 26,500,000  versus a total put value of  6,603,500,000 Combined total value = 6,630,000,000

Strike  1010  has a total call value of 106,000,000  versus a total put value of  5,619,000,000 Combined total value = 5,725,000,000

Strike  1020  has a total call value of 185,500,000  versus a total put value of  4,702,500,000 Combined total value = 4,888,000,000

Strike  1030  has a total call value of 302,500,000  versus a total put value of  3,853,000,000 Combined total value = 4,155,500,000

Strike  1040  has a total call value of 459,000,000  versus a total put value of  3,121,000,000 Combined total value = 3,580,000,000

Strike  1050  has a total call value of 657,500,000  versus a total put value of  2,442,500,000 Combined total value = 3,100,000,000

Strike  1060  has a total call value of 906,500,000  versus a total put value of  1,866,500,000 Combined total value = 2,773,000,000

Strike  1070  has a total call value of 1,209,500,000  versus a total put value of  1,357,000,000 Combined total value = 2,566,500,000

Strike  1080  has a total call value of 1,543,000,000  versus a total put value of  935,500,000 Combined total value = 2,478,500,000

Strike  1090  has a total call value of 1,944,000,000  versus a total put value of  594,000,000 Combined total value = 2,538,000,000

Strike  1100  has a total call value of 2,402,000,000  versus a total put value of  301,500,000 Combined total value = 2,703,500,000

Strike  1110  has a total call value of 3,038,500,000  versus a total put value of  149,000,000 Combined total value = 3,187,500,000

Strike  1120  has a total call value of 3,774,000,000  versus a total put value of  71,000,000 Combined total value = 3,845,000,000

Strike  1130  has a total call value of 4,729,500,000  versus a total put value of  44,500,000 Combined total value = 4,774,000,000

Strike  1140  has a total call value of 5,785,500,000  versus a total put value of  34,500,000 Combined total value = 5,820,000,000

Strike  1150  has a total call value of 6,968,000,000  versus a total put value of  30,500,000 Combined total value = 6,998,500,000

Strike  1160  has a total call value of 8,412,500,000  versus a total put value of  26,500,000 Combined total value = 8,439,000,000

Strike  1170  has a total call value of 9,906,500,000  versus a total put value of  22,500,000 Combined total value = 9,929,000,000

Strike  1180  has a total call value of 11,493,000,000  versus a total put value of  18,500,000 Combined total value = 11,511,500,000

Strike  1190  has a total call value of 13,133,500,000  versus a total put value of  14,500,000 Combined total value = 13,148,000,000

Strike  1200  has a total call value of 14,781,000,000  versus a total put value of  10,500,000 Combined total value = 14,791,500,000

Strike  1210  has a total call value of 16,570,500,000  versus a total put value of  9,000,000 Combined total value = 16,579,500,000

Strike  1220  has a total call value of 18,360,000,000  versus a total put value of  7,500,000 Combined total value = 18,367,500,000

Strike  1230  has a total call value of 20,149,500,000  versus a total put value of  6,000,000 Combined total value = 20,155,500,000

Strike  1240  has a total call value of 21,939,000,000  versus a total put value of  4,500,000 Combined total value = 21,943,500,000

Strike  1250  has a total call value of 23,728,500,000  versus a total put value of  3,000,000 Combined total value = 23,731,500,000

Strike  1260  has a total call value of 25,528,500,000  versus a total put value of  1,500,000 Combined total value = 25,530,000,000

Strike  1270  has a total call value of 27,337,500,000  versus a total put value of  0 Combined total value = 27,337,500,000

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.