CRUDEOIL
Max pain for CRUDEOIL
26 Jul 2024 11:40 PM IST
Max Pain for CRUDEOIL is 6550
Strike 5500 has a total call value of 0 versus a total put value of 364,830,500,000 Combined total value = 364,830,500,000
Strike 5550 has a total call value of 0 versus a total put value of 346,139,000,000 Combined total value = 346,139,000,000
Strike 5600 has a total call value of 0 versus a total put value of 327,447,500,000 Combined total value = 327,447,500,000
Strike 5650 has a total call value of 0 versus a total put value of 308,756,000,000 Combined total value = 308,756,000,000
Strike 5700 has a total call value of 0 versus a total put value of 290,064,500,000 Combined total value = 290,064,500,000
Strike 5750 has a total call value of 0 versus a total put value of 271,373,000,000 Combined total value = 271,373,000,000
Strike 5800 has a total call value of 0 versus a total put value of 252,681,500,000 Combined total value = 252,681,500,000
Strike 5850 has a total call value of 0 versus a total put value of 233,990,000,000 Combined total value = 233,990,000,000
Strike 5900 has a total call value of 0 versus a total put value of 215,298,500,000 Combined total value = 215,298,500,000
Strike 5950 has a total call value of 0 versus a total put value of 196,608,500,000 Combined total value = 196,608,500,000
Strike 6000 has a total call value of 0 versus a total put value of 177,918,500,000 Combined total value = 177,918,500,000
Strike 6050 has a total call value of 500,000 versus a total put value of 160,842,000,000 Combined total value = 160,842,500,000
Strike 6100 has a total call value of 1,000,000 versus a total put value of 143,811,000,000 Combined total value = 143,812,000,000
Strike 6150 has a total call value of 9,500,000 versus a total put value of 127,260,500,000 Combined total value = 127,270,000,000
Strike 6200 has a total call value of 18,000,000 versus a total put value of 110,792,500,000 Combined total value = 110,810,500,000
Strike 6250 has a total call value of 175,000,000 versus a total put value of 95,344,500,000 Combined total value = 95,519,500,000
Strike 6300 has a total call value of 333,500,000 versus a total put value of 80,208,500,000 Combined total value = 80,542,000,000
Strike 6350 has a total call value of 844,000,000 versus a total put value of 66,511,000,000 Combined total value = 67,355,000,000
Strike 6400 has a total call value of 1,468,000,000 versus a total put value of 53,133,000,000 Combined total value = 54,601,000,000
Strike 6450 has a total call value of 3,286,500,000 versus a total put value of 42,308,500,000 Combined total value = 45,595,000,000
Strike 6500 has a total call value of 5,994,000,000 versus a total put value of 32,368,500,000 Combined total value = 38,362,500,000
Strike 6550 has a total call value of 12,516,500,000 versus a total put value of 25,355,500,000 Combined total value = 37,872,000,000
Strike 6600 has a total call value of 20,568,000,000 versus a total put value of 18,922,500,000 Combined total value = 39,490,500,000
Strike 6650 has a total call value of 33,352,000,000 versus a total put value of 14,122,500,000 Combined total value = 47,474,500,000
Strike 6700 has a total call value of 47,264,500,000 versus a total put value of 9,363,500,000 Combined total value = 56,628,000,000
Strike 6750 has a total call value of 66,769,000,000 versus a total put value of 5,542,500,000 Combined total value = 72,311,500,000
Strike 6800 has a total call value of 87,837,500,000 versus a total put value of 1,982,500,000 Combined total value = 89,820,000,000
Strike 6850 has a total call value of 117,300,000,000 versus a total put value of 1,121,500,000 Combined total value = 118,421,500,000
Strike 6900 has a total call value of 148,797,000,000 versus a total put value of 516,000,000 Combined total value = 149,313,000,000
Strike 6950 has a total call value of 186,300,500,000 versus a total put value of 323,000,000 Combined total value = 186,623,500,000
Strike 7000 has a total call value of 225,231,000,000 versus a total put value of 141,500,000 Combined total value = 225,372,500,000
Strike 7050 has a total call value of 269,490,500,000 versus a total put value of 103,500,000 Combined total value = 269,594,000,000
Strike 7100 has a total call value of 314,232,500,000 versus a total put value of 69,000,000 Combined total value = 314,301,500,000
Strike 7150 has a total call value of 360,210,500,000 versus a total put value of 34,500,000 Combined total value = 360,245,000,000
Strike 7200 has a total call value of 406,333,000,000 versus a total put value of 0 Combined total value = 406,333,000,000
Strike 7250 has a total call value of 453,456,500,000 versus a total put value of 0 Combined total value = 453,456,500,000
Strike 7300 has a total call value of 500,580,000,000 versus a total put value of 0 Combined total value = 500,580,000,000
Strike 7350 has a total call value of 548,152,000,000 versus a total put value of 0 Combined total value = 548,152,000,000
Strike 7400 has a total call value of 595,724,000,000 versus a total put value of 0 Combined total value = 595,724,000,000
Strike 7450 has a total call value of 643,537,000,000 versus a total put value of 0 Combined total value = 643,537,000,000
Strike 7500 has a total call value of 691,350,000,000 versus a total put value of 0 Combined total value = 691,350,000,000
Strike 7550 has a total call value of 739,514,000,000 versus a total put value of 0 Combined total value = 739,514,000,000
Strike 7600 has a total call value of 787,678,000,000 versus a total put value of 0 Combined total value = 787,678,000,000
Strike 7650 has a total call value of 835,979,500,000 versus a total put value of 0 Combined total value = 835,979,500,000
Strike 7700 has a total call value of 884,281,000,000 versus a total put value of 0 Combined total value = 884,281,000,000
Strike 7750 has a total call value of 932,582,500,000 versus a total put value of 0 Combined total value = 932,582,500,000
Strike 7800 has a total call value of 980,884,000,000 versus a total put value of 0 Combined total value = 980,884,000,000
Strike 7850 has a total call value of 1,029,185,500,000 versus a total put value of 0 Combined total value = 1,029,185,500,000
Strike 7900 has a total call value of 1,077,487,000,000 versus a total put value of 0 Combined total value = 1,077,487,000,000
Strike 7950 has a total call value of 1,125,788,500,000 versus a total put value of 0 Combined total value = 1,125,788,500,000
Strike 8000 has a total call value of 1,174,090,000,000 versus a total put value of 0 Combined total value = 1,174,090,000,000
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.