CRUDEOIL
Crude Oil
Max pain for CRUDEOIL
18 Sep 2024 11:40 PM IST
Max Pain for CRUDEOIL is 5900
Strike 4500 has a total call value of 0 versus a total put value of 259,380,500,000 Combined total value = 259,380,500,000
Strike 4550 has a total call value of 0 versus a total put value of 248,660,000,000 Combined total value = 248,660,000,000
Strike 4600 has a total call value of 0 versus a total put value of 237,939,500,000 Combined total value = 237,939,500,000
Strike 4650 has a total call value of 0 versus a total put value of 227,219,000,000 Combined total value = 227,219,000,000
Strike 4700 has a total call value of 0 versus a total put value of 216,498,500,000 Combined total value = 216,498,500,000
Strike 4750 has a total call value of 0 versus a total put value of 205,778,000,000 Combined total value = 205,778,000,000
Strike 4800 has a total call value of 0 versus a total put value of 195,057,500,000 Combined total value = 195,057,500,000
Strike 4850 has a total call value of 0 versus a total put value of 184,341,500,000 Combined total value = 184,341,500,000
Strike 4900 has a total call value of 0 versus a total put value of 173,625,500,000 Combined total value = 173,625,500,000
Strike 4950 has a total call value of 0 versus a total put value of 162,909,500,000 Combined total value = 162,909,500,000
Strike 5000 has a total call value of 0 versus a total put value of 152,193,500,000 Combined total value = 152,193,500,000
Strike 5050 has a total call value of 0 versus a total put value of 141,961,000,000 Combined total value = 141,961,000,000
Strike 5100 has a total call value of 0 versus a total put value of 131,728,500,000 Combined total value = 131,728,500,000
Strike 5150 has a total call value of 0 versus a total put value of 121,552,000,000 Combined total value = 121,552,000,000
Strike 5200 has a total call value of 0 versus a total put value of 111,375,500,000 Combined total value = 111,375,500,000
Strike 5250 has a total call value of 0 versus a total put value of 101,433,000,000 Combined total value = 101,433,000,000
Strike 5300 has a total call value of 0 versus a total put value of 91,490,500,000 Combined total value = 91,490,500,000
Strike 5350 has a total call value of 0 versus a total put value of 82,390,000,000 Combined total value = 82,390,000,000
Strike 5400 has a total call value of 0 versus a total put value of 73,289,500,000 Combined total value = 73,289,500,000
Strike 5450 has a total call value of 2,000,000 versus a total put value of 64,643,000,000 Combined total value = 64,645,000,000
Strike 5500 has a total call value of 4,000,000 versus a total put value of 56,047,500,000 Combined total value = 56,051,500,000
Strike 5550 has a total call value of 98,000,000 versus a total put value of 48,445,500,000 Combined total value = 48,543,500,000
Strike 5600 has a total call value of 192,000,000 versus a total put value of 40,933,500,000 Combined total value = 41,125,500,000
Strike 5650 has a total call value of 513,000,000 versus a total put value of 34,055,500,000 Combined total value = 34,568,500,000
Strike 5700 has a total call value of 843,500,000 versus a total put value of 27,235,000,000 Combined total value = 28,078,500,000
Strike 5750 has a total call value of 1,622,000,000 versus a total put value of 21,222,500,000 Combined total value = 22,844,500,000
Strike 5800 has a total call value of 2,493,500,000 versus a total put value of 15,398,500,000 Combined total value = 17,892,000,000
Strike 5850 has a total call value of 5,347,500,000 versus a total put value of 11,504,000,000 Combined total value = 16,851,500,000
Strike 5900 has a total call value of 8,657,500,000 versus a total put value of 7,785,000,000 Combined total value = 16,442,500,000
Strike 5950 has a total call value of 15,526,000,000 versus a total put value of 5,770,000,000 Combined total value = 21,296,000,000
Strike 6000 has a total call value of 23,033,500,000 versus a total put value of 3,854,000,000 Combined total value = 26,887,500,000
Strike 6050 has a total call value of 33,649,500,000 versus a total put value of 3,214,000,000 Combined total value = 36,863,500,000
Strike 6100 has a total call value of 44,513,000,000 versus a total put value of 2,600,000,000 Combined total value = 47,113,000,000
Strike 6150 has a total call value of 56,711,000,000 versus a total put value of 2,152,500,000 Combined total value = 58,863,500,000
Strike 6200 has a total call value of 69,047,500,000 versus a total put value of 1,705,000,000 Combined total value = 70,752,500,000
Strike 6250 has a total call value of 83,920,500,000 versus a total put value of 1,355,500,000 Combined total value = 85,276,000,000
Strike 6300 has a total call value of 98,964,000,000 versus a total put value of 1,006,000,000 Combined total value = 99,970,000,000
Strike 6350 has a total call value of 114,789,000,000 versus a total put value of 725,000,000 Combined total value = 115,514,000,000
Strike 6400 has a total call value of 130,614,000,000 versus a total put value of 444,000,000 Combined total value = 131,058,000,000
Strike 6450 has a total call value of 147,271,000,000 versus a total put value of 222,000,000 Combined total value = 147,493,000,000
Strike 6500 has a total call value of 163,928,000,000 versus a total put value of 0 Combined total value = 163,928,000,000
Strike 6550 has a total call value of 181,937,000,000 versus a total put value of 0 Combined total value = 181,937,000,000
Strike 6600 has a total call value of 199,946,000,000 versus a total put value of 0 Combined total value = 199,946,000,000
Strike 6650 has a total call value of 218,181,000,000 versus a total put value of 0 Combined total value = 218,181,000,000
Strike 6700 has a total call value of 236,416,000,000 versus a total put value of 0 Combined total value = 236,416,000,000
Strike 6750 has a total call value of 254,854,000,000 versus a total put value of 0 Combined total value = 254,854,000,000
Strike 6800 has a total call value of 273,292,000,000 versus a total put value of 0 Combined total value = 273,292,000,000
Strike 6850 has a total call value of 291,762,500,000 versus a total put value of 0 Combined total value = 291,762,500,000
Strike 6900 has a total call value of 310,233,000,000 versus a total put value of 0 Combined total value = 310,233,000,000
Strike 6950 has a total call value of 328,703,500,000 versus a total put value of 0 Combined total value = 328,703,500,000
Strike 7000 has a total call value of 347,174,000,000 versus a total put value of 0 Combined total value = 347,174,000,000
Strike 7050 has a total call value of 365,899,000,000 versus a total put value of 0 Combined total value = 365,899,000,000
Strike 7100 has a total call value of 384,624,000,000 versus a total put value of 0 Combined total value = 384,624,000,000
Strike 7150 has a total call value of 403,349,000,000 versus a total put value of 0 Combined total value = 403,349,000,000
Strike 7200 has a total call value of 422,074,000,000 versus a total put value of 0 Combined total value = 422,074,000,000
Strike 7250 has a total call value of 440,799,000,000 versus a total put value of 0 Combined total value = 440,799,000,000
Strike 7300 has a total call value of 459,524,000,000 versus a total put value of 0 Combined total value = 459,524,000,000
Strike 7350 has a total call value of 478,249,000,000 versus a total put value of 0 Combined total value = 478,249,000,000
Strike 7400 has a total call value of 496,974,000,000 versus a total put value of 0 Combined total value = 496,974,000,000
Strike 7450 has a total call value of 515,699,000,000 versus a total put value of 0 Combined total value = 515,699,000,000
Strike 7500 has a total call value of 534,424,000,000 versus a total put value of 0 Combined total value = 534,424,000,000
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.