CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
16 Sep 2024 11:40 PM IST
Max Pain for CRUDEOIL is 5900
Strike 4800 has a total call value of 0 versus a total put value of 1,476,790,500,000 Combined total value = 1,476,790,500,000
Strike 4850 has a total call value of 0 versus a total put value of 1,395,287,000,000 Combined total value = 1,395,287,000,000
Strike 4900 has a total call value of 0 versus a total put value of 1,313,783,500,000 Combined total value = 1,313,783,500,000
Strike 4950 has a total call value of 0 versus a total put value of 1,232,498,000,000 Combined total value = 1,232,498,000,000
Strike 5000 has a total call value of 0 versus a total put value of 1,151,212,500,000 Combined total value = 1,151,212,500,000
Strike 5050 has a total call value of 0 versus a total put value of 1,077,592,500,000 Combined total value = 1,077,592,500,000
Strike 5100 has a total call value of 0 versus a total put value of 1,003,972,500,000 Combined total value = 1,003,972,500,000
Strike 5150 has a total call value of 0 versus a total put value of 931,789,000,000 Combined total value = 931,789,000,000
Strike 5200 has a total call value of 0 versus a total put value of 859,605,500,000 Combined total value = 859,605,500,000
Strike 5250 has a total call value of 13,000,000 versus a total put value of 788,957,500,000 Combined total value = 788,970,500,000
Strike 5300 has a total call value of 26,000,000 versus a total put value of 718,314,000,000 Combined total value = 718,340,000,000
Strike 5350 has a total call value of 73,500,000 versus a total put value of 649,781,000,000 Combined total value = 649,854,500,000
Strike 5400 has a total call value of 123,000,000 versus a total put value of 581,434,500,000 Combined total value = 581,557,500,000
Strike 5450 has a total call value of 583,500,000 versus a total put value of 514,792,500,000 Combined total value = 515,376,000,000
Strike 5500 has a total call value of 1,060,000,000 versus a total put value of 448,704,500,000 Combined total value = 449,764,500,000
Strike 5550 has a total call value of 2,460,500,000 versus a total put value of 386,252,500,000 Combined total value = 388,713,000,000
Strike 5600 has a total call value of 3,907,000,000 versus a total put value of 325,048,000,000 Combined total value = 328,955,000,000
Strike 5650 has a total call value of 7,588,500,000 versus a total put value of 268,791,500,000 Combined total value = 276,380,000,000
Strike 5700 has a total call value of 11,511,500,000 versus a total put value of 214,474,500,000 Combined total value = 225,986,000,000
Strike 5750 has a total call value of 19,515,500,000 versus a total put value of 169,766,000,000 Combined total value = 189,281,500,000
Strike 5800 has a total call value of 28,395,000,000 versus a total put value of 130,015,500,000 Combined total value = 158,410,500,000
Strike 5850 has a total call value of 46,404,500,000 versus a total put value of 102,005,500,000 Combined total value = 148,410,000,000
Strike 5900 has a total call value of 67,411,500,000 versus a total put value of 79,653,000,000 Combined total value = 147,064,500,000
Strike 5950 has a total call value of 98,761,500,000 versus a total put value of 64,371,500,000 Combined total value = 163,133,000,000
Strike 6000 has a total call value of 134,128,500,000 versus a total put value of 50,444,000,000 Combined total value = 184,572,500,000
Strike 6050 has a total call value of 180,908,500,000 versus a total put value of 40,453,500,000 Combined total value = 221,362,000,000
Strike 6100 has a total call value of 229,943,500,000 versus a total put value of 31,401,000,000 Combined total value = 261,344,500,000
Strike 6150 has a total call value of 286,018,500,000 versus a total put value of 23,784,000,000 Combined total value = 309,802,500,000
Strike 6200 has a total call value of 344,007,000,000 versus a total put value of 16,993,500,000 Combined total value = 361,000,500,000
Strike 6250 has a total call value of 407,640,500,000 versus a total put value of 12,091,000,000 Combined total value = 419,731,500,000
Strike 6300 has a total call value of 473,070,000,000 versus a total put value of 8,451,500,000 Combined total value = 481,521,500,000
Strike 6350 has a total call value of 543,660,500,000 versus a total put value of 5,522,500,000 Combined total value = 549,183,000,000
Strike 6400 has a total call value of 615,567,000,000 versus a total put value of 2,893,500,000 Combined total value = 618,460,500,000
Strike 6450 has a total call value of 692,106,500,000 versus a total put value of 1,549,500,000 Combined total value = 693,656,000,000
Strike 6500 has a total call value of 770,451,000,000 versus a total put value of 463,000,000 Combined total value = 770,914,000,000
Strike 6550 has a total call value of 855,296,000,000 versus a total put value of 334,500,000 Combined total value = 855,630,500,000
Strike 6600 has a total call value of 941,455,000,000 versus a total put value of 206,000,000 Combined total value = 941,661,000,000
Strike 6650 has a total call value of 1,030,613,000,000 versus a total put value of 167,000,000 Combined total value = 1,030,780,000,000
Strike 6700 has a total call value of 1,120,457,500,000 versus a total put value of 128,000,000 Combined total value = 1,120,585,500,000
Strike 6750 has a total call value of 1,212,482,000,000 versus a total put value of 89,000,000 Combined total value = 1,212,571,000,000
Strike 6800 has a total call value of 1,304,794,500,000 versus a total put value of 50,000,000 Combined total value = 1,304,844,500,000
Strike 6850 has a total call value of 1,397,894,000,000 versus a total put value of 33,500,000 Combined total value = 1,397,927,500,000
Strike 6900 has a total call value of 1,491,176,000,000 versus a total put value of 17,000,000 Combined total value = 1,491,193,000,000
Strike 6950 has a total call value of 1,584,987,500,000 versus a total put value of 8,500,000 Combined total value = 1,584,996,000,000
Strike 7000 has a total call value of 1,678,877,500,000 versus a total put value of 0 Combined total value = 1,678,877,500,000
Strike 7050 has a total call value of 1,773,969,500,000 versus a total put value of 0 Combined total value = 1,773,969,500,000
Strike 7100 has a total call value of 1,869,080,000,000 versus a total put value of 0 Combined total value = 1,869,080,000,000
Strike 7150 has a total call value of 1,964,348,000,000 versus a total put value of 0 Combined total value = 1,964,348,000,000
Strike 7200 has a total call value of 2,059,616,000,000 versus a total put value of 0 Combined total value = 2,059,616,000,000
Strike 7250 has a total call value of 2,155,087,000,000 versus a total put value of 0 Combined total value = 2,155,087,000,000
Strike 7300 has a total call value of 2,250,558,500,000 versus a total put value of 0 Combined total value = 2,250,558,500,000
Strike 7350 has a total call value of 2,346,112,000,000 versus a total put value of 0 Combined total value = 2,346,112,000,000
Strike 7400 has a total call value of 2,441,665,500,000 versus a total put value of 0 Combined total value = 2,441,665,500,000
Strike 7450 has a total call value of 2,537,329,000,000 versus a total put value of 0 Combined total value = 2,537,329,000,000
Strike 7500 has a total call value of 2,632,992,500,000 versus a total put value of 0 Combined total value = 2,632,992,500,000
Strike 7550 has a total call value of 2,728,810,500,000 versus a total put value of 0 Combined total value = 2,728,810,500,000
Strike 7600 has a total call value of 2,824,628,500,000 versus a total put value of 0 Combined total value = 2,824,628,500,000
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.