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CUB
CITY UNION BANK LTD

135.15 -0.40 (-0.30%)


Strike  117.5  has a total call value of 0  versus a total put value of  5,141,250,000 Combined total value = 5,141,250,000

Strike  120  has a total call value of 0  versus a total put value of  4,278,750,000 Combined total value = 4,278,750,000

Strike  122.5  has a total call value of 0  versus a total put value of  3,481,250,000 Combined total value = 3,481,250,000

Strike  125  has a total call value of 0  versus a total put value of  2,683,750,000 Combined total value = 2,683,750,000

Strike  127.5  has a total call value of 0  versus a total put value of  2,011,250,000 Combined total value = 2,011,250,000

Strike  130  has a total call value of 0  versus a total put value of  1,352,500,000 Combined total value = 1,352,500,000

Strike  132.5  has a total call value of 81,250,000  versus a total put value of  1,000,000,000 Combined total value = 1,081,250,000

Strike  135  has a total call value of 165,000,000  versus a total put value of  656,250,000 Combined total value = 821,250,000

Strike  137.5  has a total call value of 382,500,000  versus a total put value of  471,250,000 Combined total value = 853,750,000

Strike  140  has a total call value of 617,500,000  versus a total put value of  297,500,000 Combined total value = 915,000,000

Strike  142.5  has a total call value of 1,273,750,000  versus a total put value of  230,000,000 Combined total value = 1,503,750,000

Strike  145  has a total call value of 1,941,250,000  versus a total put value of  162,500,000 Combined total value = 2,103,750,000

Strike  147.5  has a total call value of 2,707,500,000  versus a total put value of  108,750,000 Combined total value = 2,816,250,000

Strike  150  has a total call value of 3,476,250,000  versus a total put value of  55,000,000 Combined total value = 3,531,250,000

Strike  152.5  has a total call value of 4,501,250,000  versus a total put value of  27,500,000 Combined total value = 4,528,750,000

Strike  155  has a total call value of 5,526,250,000  versus a total put value of  0 Combined total value = 5,526,250,000

Strike  157.5  has a total call value of 6,590,000,000  versus a total put value of  0 Combined total value = 6,590,000,000

Strike  160  has a total call value of 7,653,750,000  versus a total put value of  0 Combined total value = 7,653,750,000

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.