CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
06 Sep 2024 11:40 PM IST
Max Pain for CRUDEOIL is 5900
Strike 5000 has a total call value of 0 versus a total put value of 712,347,500,000 Combined total value = 712,347,500,000
Strike 5050 has a total call value of 0 versus a total put value of 670,793,000,000 Combined total value = 670,793,000,000
Strike 5100 has a total call value of 0 versus a total put value of 629,238,500,000 Combined total value = 629,238,500,000
Strike 5150 has a total call value of 0 versus a total put value of 587,688,000,000 Combined total value = 587,688,000,000
Strike 5200 has a total call value of 0 versus a total put value of 546,137,500,000 Combined total value = 546,137,500,000
Strike 5250 has a total call value of 34,500,000 versus a total put value of 506,231,000,000 Combined total value = 506,265,500,000
Strike 5300 has a total call value of 69,000,000 versus a total put value of 466,324,500,000 Combined total value = 466,393,500,000
Strike 5350 has a total call value of 109,000,000 versus a total put value of 428,091,500,000 Combined total value = 428,200,500,000
Strike 5400 has a total call value of 149,000,000 versus a total put value of 389,858,500,000 Combined total value = 390,007,500,000
Strike 5450 has a total call value of 236,500,000 versus a total put value of 353,481,500,000 Combined total value = 353,718,000,000
Strike 5500 has a total call value of 324,000,000 versus a total put value of 317,307,000,000 Combined total value = 317,631,000,000
Strike 5550 has a total call value of 805,000,000 versus a total put value of 285,118,000,000 Combined total value = 285,923,000,000
Strike 5600 has a total call value of 1,301,000,000 versus a total put value of 253,155,500,000 Combined total value = 254,456,500,000
Strike 5650 has a total call value of 3,006,500,000 versus a total put value of 223,496,000,000 Combined total value = 226,502,500,000
Strike 5700 has a total call value of 5,119,000,000 versus a total put value of 194,323,000,000 Combined total value = 199,442,000,000
Strike 5750 has a total call value of 10,811,000,000 versus a total put value of 168,448,500,000 Combined total value = 179,259,500,000
Strike 5800 has a total call value of 17,898,500,000 versus a total put value of 143,026,500,000 Combined total value = 160,925,000,000
Strike 5850 has a total call value of 32,638,500,000 versus a total put value of 120,875,500,000 Combined total value = 153,514,000,000
Strike 5900 has a total call value of 50,787,500,000 versus a total put value of 99,220,000,000 Combined total value = 150,007,500,000
Strike 5950 has a total call value of 78,675,500,000 versus a total put value of 81,920,000,000 Combined total value = 160,595,500,000
Strike 6000 has a total call value of 108,524,500,000 versus a total put value of 65,302,500,000 Combined total value = 173,827,000,000
Strike 6050 has a total call value of 151,543,000,000 versus a total put value of 51,837,500,000 Combined total value = 203,380,500,000
Strike 6100 has a total call value of 196,971,500,000 versus a total put value of 39,728,000,000 Combined total value = 236,699,500,000
Strike 6150 has a total call value of 253,561,500,000 versus a total put value of 29,980,000,000 Combined total value = 283,541,500,000
Strike 6200 has a total call value of 312,686,500,000 versus a total put value of 21,016,000,000 Combined total value = 333,702,500,000
Strike 6250 has a total call value of 382,362,000,000 versus a total put value of 14,917,500,000 Combined total value = 397,279,500,000
Strike 6300 has a total call value of 454,601,500,000 versus a total put value of 10,158,000,000 Combined total value = 464,759,500,000
Strike 6350 has a total call value of 535,394,000,000 versus a total put value of 6,497,500,000 Combined total value = 541,891,500,000
Strike 6400 has a total call value of 618,562,000,000 versus a total put value of 3,145,000,000 Combined total value = 621,707,000,000
Strike 6450 has a total call value of 710,613,000,000 versus a total put value of 1,589,500,000 Combined total value = 712,202,500,000
Strike 6500 has a total call value of 805,232,500,000 versus a total put value of 295,000,000 Combined total value = 805,527,500,000
Strike 6550 has a total call value of 910,159,000,000 versus a total put value of 147,500,000 Combined total value = 910,306,500,000
Strike 6600 has a total call value of 1,017,095,000,000 versus a total put value of 0 Combined total value = 1,017,095,000,000
Strike 6650 has a total call value of 1,129,263,500,000 versus a total put value of 0 Combined total value = 1,129,263,500,000
Strike 6700 has a total call value of 1,242,279,000,000 versus a total put value of 0 Combined total value = 1,242,279,000,000
Strike 6750 has a total call value of 1,358,826,500,000 versus a total put value of 0 Combined total value = 1,358,826,500,000
Strike 6800 has a total call value of 1,476,038,500,000 versus a total put value of 0 Combined total value = 1,476,038,500,000
Strike 6850 has a total call value of 1,594,958,000,000 versus a total put value of 0 Combined total value = 1,594,958,000,000
Strike 6900 has a total call value of 1,714,075,500,000 versus a total put value of 0 Combined total value = 1,714,075,500,000
Strike 6950 has a total call value of 1,834,606,500,000 versus a total put value of 0 Combined total value = 1,834,606,500,000
Strike 7000 has a total call value of 1,955,264,000,000 versus a total put value of 0 Combined total value = 1,955,264,000,000
Strike 7050 has a total call value of 2,078,171,000,000 versus a total put value of 0 Combined total value = 2,078,171,000,000
Strike 7100 has a total call value of 2,201,123,000,000 versus a total put value of 0 Combined total value = 2,201,123,000,000
Strike 7150 has a total call value of 2,324,438,500,000 versus a total put value of 0 Combined total value = 2,324,438,500,000
Strike 7200 has a total call value of 2,447,775,000,000 versus a total put value of 0 Combined total value = 2,447,775,000,000
Strike 7250 has a total call value of 2,571,449,000,000 versus a total put value of 0 Combined total value = 2,571,449,000,000
Strike 7300 has a total call value of 2,695,124,000,000 versus a total put value of 0 Combined total value = 2,695,124,000,000
Strike 7350 has a total call value of 2,818,998,500,000 versus a total put value of 0 Combined total value = 2,818,998,500,000
Strike 7400 has a total call value of 2,942,873,000,000 versus a total put value of 0 Combined total value = 2,942,873,000,000
Strike 7450 has a total call value of 3,066,779,000,000 versus a total put value of 0 Combined total value = 3,066,779,000,000
Strike 7500 has a total call value of 3,190,685,000,000 versus a total put value of 0 Combined total value = 3,190,685,000,000
Strike 7550 has a total call value of 3,314,831,000,000 versus a total put value of 0 Combined total value = 3,314,831,000,000
Strike 7600 has a total call value of 3,438,977,000,000 versus a total put value of 0 Combined total value = 3,438,977,000,000
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:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- 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.