GOLDM
Gold MiniMax Pain - GOLDM
Strike 113900 has a total call value of 0 versus a total put value of 4,869,448,000,000 Combined total value = 4,869,448,000,000
Strike 114000 has a total call value of 1,000,000 versus a total put value of 4,831,381,000,000 Combined total value = 4,831,382,000,000
Strike 114100 has a total call value of 20,000,000 versus a total put value of 4,793,544,000,000 Combined total value = 4,793,564,000,000
Strike 114200 has a total call value of 39,000,000 versus a total put value of 4,755,707,000,000 Combined total value = 4,755,746,000,000
Strike 114300 has a total call value of 58,000,000 versus a total put value of 4,717,870,000,000 Combined total value = 4,717,928,000,000
Strike 114400 has a total call value of 77,000,000 versus a total put value of 4,680,033,000,000 Combined total value = 4,680,110,000,000
Strike 114500 has a total call value of 96,000,000 versus a total put value of 4,642,196,000,000 Combined total value = 4,642,292,000,000
Strike 114600 has a total call value of 115,000,000 versus a total put value of 4,604,359,000,000 Combined total value = 4,604,474,000,000
Strike 114700 has a total call value of 134,000,000 versus a total put value of 4,566,522,000,000 Combined total value = 4,566,656,000,000
Strike 114800 has a total call value of 153,000,000 versus a total put value of 4,528,685,000,000 Combined total value = 4,528,838,000,000
Strike 114900 has a total call value of 173,000,000 versus a total put value of 4,490,848,000,000 Combined total value = 4,491,021,000,000
Strike 115000 has a total call value of 193,000,000 versus a total put value of 4,453,011,000,000 Combined total value = 4,453,204,000,000
Strike 115100 has a total call value of 795,000,000 versus a total put value of 4,416,517,000,000 Combined total value = 4,417,312,000,000
Strike 115200 has a total call value of 1,397,000,000 versus a total put value of 4,380,023,000,000 Combined total value = 4,381,420,000,000
Strike 115300 has a total call value of 1,999,000,000 versus a total put value of 4,343,529,000,000 Combined total value = 4,345,528,000,000
Strike 115400 has a total call value of 2,601,000,000 versus a total put value of 4,307,036,000,000 Combined total value = 4,309,637,000,000
Strike 115500 has a total call value of 3,203,000,000 versus a total put value of 4,270,544,000,000 Combined total value = 4,273,747,000,000
Strike 115600 has a total call value of 3,805,000,000 versus a total put value of 4,234,052,000,000 Combined total value = 4,237,857,000,000
Strike 115700 has a total call value of 4,407,000,000 versus a total put value of 4,197,560,000,000 Combined total value = 4,201,967,000,000
Strike 115800 has a total call value of 5,009,000,000 versus a total put value of 4,161,068,000,000 Combined total value = 4,166,077,000,000
Strike 115900 has a total call value of 5,611,000,000 versus a total put value of 4,124,576,000,000 Combined total value = 4,130,187,000,000
Strike 116000 has a total call value of 6,213,000,000 versus a total put value of 4,088,084,000,000 Combined total value = 4,094,297,000,000
Strike 116100 has a total call value of 6,815,000,000 versus a total put value of 4,051,802,000,000 Combined total value = 4,058,617,000,000
Strike 116200 has a total call value of 7,417,000,000 versus a total put value of 4,015,520,000,000 Combined total value = 4,022,937,000,000
Strike 116300 has a total call value of 8,019,000,000 versus a total put value of 3,979,238,000,000 Combined total value = 3,987,257,000,000
Strike 116400 has a total call value of 8,621,000,000 versus a total put value of 3,942,956,000,000 Combined total value = 3,951,577,000,000
Strike 116500 has a total call value of 9,223,000,000 versus a total put value of 3,906,674,000,000 Combined total value = 3,915,897,000,000
Strike 116600 has a total call value of 9,825,000,000 versus a total put value of 3,870,392,000,000 Combined total value = 3,880,217,000,000
Strike 116700 has a total call value of 10,427,000,000 versus a total put value of 3,834,110,000,000 Combined total value = 3,844,537,000,000
Strike 116800 has a total call value of 11,029,000,000 versus a total put value of 3,797,828,000,000 Combined total value = 3,808,857,000,000
Strike 116900 has a total call value of 11,631,000,000 versus a total put value of 3,761,546,000,000 Combined total value = 3,773,177,000,000
Strike 117000 has a total call value of 12,233,000,000 versus a total put value of 3,725,264,000,000 Combined total value = 3,737,497,000,000
Strike 117100 has a total call value of 12,839,000,000 versus a total put value of 3,689,308,000,000 Combined total value = 3,702,147,000,000
Strike 117200 has a total call value of 13,445,000,000 versus a total put value of 3,653,352,000,000 Combined total value = 3,666,797,000,000
Strike 117300 has a total call value of 14,051,000,000 versus a total put value of 3,617,396,000,000 Combined total value = 3,631,447,000,000
Strike 117400 has a total call value of 14,657,000,000 versus a total put value of 3,581,440,000,000 Combined total value = 3,596,097,000,000
Strike 117500 has a total call value of 15,263,000,000 versus a total put value of 3,545,484,000,000 Combined total value = 3,560,747,000,000
Strike 117600 has a total call value of 15,869,000,000 versus a total put value of 3,509,528,000,000 Combined total value = 3,525,397,000,000
Strike 117700 has a total call value of 16,475,000,000 versus a total put value of 3,473,572,000,000 Combined total value = 3,490,047,000,000
Strike 117800 has a total call value of 17,081,000,000 versus a total put value of 3,437,616,000,000 Combined total value = 3,454,697,000,000
Strike 117900 has a total call value of 17,687,000,000 versus a total put value of 3,401,660,000,000 Combined total value = 3,419,347,000,000
Strike 118000 has a total call value of 18,293,000,000 versus a total put value of 3,365,706,000,000 Combined total value = 3,383,999,000,000
Strike 118100 has a total call value of 18,901,000,000 versus a total put value of 3,330,530,000,000 Combined total value = 3,349,431,000,000
Strike 118200 has a total call value of 19,509,000,000 versus a total put value of 3,295,354,000,000 Combined total value = 3,314,863,000,000
Strike 118300 has a total call value of 20,117,000,000 versus a total put value of 3,260,178,000,000 Combined total value = 3,280,295,000,000
Strike 118400 has a total call value of 20,725,000,000 versus a total put value of 3,225,002,000,000 Combined total value = 3,245,727,000,000
Strike 118500 has a total call value of 21,333,000,000 versus a total put value of 3,189,826,000,000 Combined total value = 3,211,159,000,000
Strike 118600 has a total call value of 21,941,000,000 versus a total put value of 3,154,650,000,000 Combined total value = 3,176,591,000,000
Strike 118700 has a total call value of 22,549,000,000 versus a total put value of 3,119,474,000,000 Combined total value = 3,142,023,000,000
Strike 118800 has a total call value of 23,157,000,000 versus a total put value of 3,084,298,000,000 Combined total value = 3,107,455,000,000
Strike 118900 has a total call value of 23,765,000,000 versus a total put value of 3,049,122,000,000 Combined total value = 3,072,887,000,000
Strike 119000 has a total call value of 24,373,000,000 versus a total put value of 3,013,946,000,000 Combined total value = 3,038,319,000,000
Strike 119100 has a total call value of 24,981,000,000 versus a total put value of 2,979,062,000,000 Combined total value = 3,004,043,000,000
Strike 119200 has a total call value of 25,589,000,000 versus a total put value of 2,944,178,000,000 Combined total value = 2,969,767,000,000
Strike 119300 has a total call value of 26,197,000,000 versus a total put value of 2,909,294,000,000 Combined total value = 2,935,491,000,000
Strike 119400 has a total call value of 26,805,000,000 versus a total put value of 2,874,410,000,000 Combined total value = 2,901,215,000,000
Strike 119500 has a total call value of 27,413,000,000 versus a total put value of 2,839,526,000,000 Combined total value = 2,866,939,000,000
Strike 119600 has a total call value of 28,022,000,000 versus a total put value of 2,804,642,000,000 Combined total value = 2,832,664,000,000
Strike 119700 has a total call value of 28,631,000,000 versus a total put value of 2,769,758,000,000 Combined total value = 2,798,389,000,000
Strike 119800 has a total call value of 29,240,000,000 versus a total put value of 2,734,874,000,000 Combined total value = 2,764,114,000,000
Strike 119900 has a total call value of 29,849,000,000 versus a total put value of 2,699,990,000,000 Combined total value = 2,729,839,000,000
Strike 120000 has a total call value of 30,459,000,000 versus a total put value of 2,665,106,000,000 Combined total value = 2,695,565,000,000
Strike 120100 has a total call value of 31,273,000,000 versus a total put value of 2,632,784,000,000 Combined total value = 2,664,057,000,000
Strike 120200 has a total call value of 32,087,000,000 versus a total put value of 2,600,462,000,000 Combined total value = 2,632,549,000,000
Strike 120300 has a total call value of 32,901,000,000 versus a total put value of 2,568,140,000,000 Combined total value = 2,601,041,000,000
Strike 120400 has a total call value of 33,715,000,000 versus a total put value of 2,535,818,000,000 Combined total value = 2,569,533,000,000
Strike 120500 has a total call value of 34,530,000,000 versus a total put value of 2,503,496,000,000 Combined total value = 2,538,026,000,000
Strike 120600 has a total call value of 35,345,000,000 versus a total put value of 2,471,175,000,000 Combined total value = 2,506,520,000,000
Strike 120700 has a total call value of 36,160,000,000 versus a total put value of 2,438,854,000,000 Combined total value = 2,475,014,000,000
Strike 120800 has a total call value of 36,976,000,000 versus a total put value of 2,406,533,000,000 Combined total value = 2,443,509,000,000
Strike 120900 has a total call value of 37,798,000,000 versus a total put value of 2,374,213,000,000 Combined total value = 2,412,011,000,000
Strike 121000 has a total call value of 38,623,000,000 versus a total put value of 2,341,893,000,000 Combined total value = 2,380,516,000,000
Strike 121100 has a total call value of 39,539,000,000 versus a total put value of 2,310,139,000,000 Combined total value = 2,349,678,000,000
Strike 121200 has a total call value of 40,456,000,000 versus a total put value of 2,278,385,000,000 Combined total value = 2,318,841,000,000
Strike 121300 has a total call value of 41,374,000,000 versus a total put value of 2,246,632,000,000 Combined total value = 2,288,006,000,000
Strike 121400 has a total call value of 42,292,000,000 versus a total put value of 2,214,879,000,000 Combined total value = 2,257,171,000,000
Strike 121500 has a total call value of 43,211,000,000 versus a total put value of 2,183,126,000,000 Combined total value = 2,226,337,000,000
Strike 121600 has a total call value of 44,131,000,000 versus a total put value of 2,151,387,000,000 Combined total value = 2,195,518,000,000
Strike 121700 has a total call value of 45,051,000,000 versus a total put value of 2,119,648,000,000 Combined total value = 2,164,699,000,000
Strike 121800 has a total call value of 45,975,000,000 versus a total put value of 2,087,909,000,000 Combined total value = 2,133,884,000,000
Strike 121900 has a total call value of 46,899,000,000 versus a total put value of 2,056,171,000,000 Combined total value = 2,103,070,000,000
Strike 122000 has a total call value of 47,824,000,000 versus a total put value of 2,024,433,000,000 Combined total value = 2,072,257,000,000
Strike 122100 has a total call value of 48,916,000,000 versus a total put value of 1,993,874,000,000 Combined total value = 2,042,790,000,000
Strike 122200 has a total call value of 50,008,000,000 versus a total put value of 1,963,315,000,000 Combined total value = 2,013,323,000,000
Strike 122300 has a total call value of 51,104,000,000 versus a total put value of 1,932,756,000,000 Combined total value = 1,983,860,000,000
Strike 122400 has a total call value of 52,201,000,000 versus a total put value of 1,902,197,000,000 Combined total value = 1,954,398,000,000
Strike 122500 has a total call value of 53,298,000,000 versus a total put value of 1,871,640,000,000 Combined total value = 1,924,938,000,000
Strike 122600 has a total call value of 54,397,000,000 versus a total put value of 1,841,087,000,000 Combined total value = 1,895,484,000,000
Strike 122700 has a total call value of 55,497,000,000 versus a total put value of 1,810,536,000,000 Combined total value = 1,866,033,000,000
Strike 122800 has a total call value of 56,611,000,000 versus a total put value of 1,779,985,000,000 Combined total value = 1,836,596,000,000
Strike 122900 has a total call value of 57,733,000,000 versus a total put value of 1,749,435,000,000 Combined total value = 1,807,168,000,000
Strike 123000 has a total call value of 58,855,000,000 versus a total put value of 1,718,886,000,000 Combined total value = 1,777,741,000,000
Strike 123100 has a total call value of 60,160,000,000 versus a total put value of 1,689,864,000,000 Combined total value = 1,750,024,000,000
Strike 123200 has a total call value of 61,465,000,000 versus a total put value of 1,660,842,000,000 Combined total value = 1,722,307,000,000
Strike 123300 has a total call value of 62,771,000,000 versus a total put value of 1,631,820,000,000 Combined total value = 1,694,591,000,000
Strike 123400 has a total call value of 64,077,000,000 versus a total put value of 1,602,799,000,000 Combined total value = 1,666,876,000,000
Strike 123500 has a total call value of 65,383,000,000 versus a total put value of 1,573,780,000,000 Combined total value = 1,639,163,000,000
Strike 123600 has a total call value of 66,697,000,000 versus a total put value of 1,544,768,000,000 Combined total value = 1,611,465,000,000
Strike 123700 has a total call value of 68,014,000,000 versus a total put value of 1,515,758,000,000 Combined total value = 1,583,772,000,000
Strike 123800 has a total call value of 69,334,000,000 versus a total put value of 1,486,748,000,000 Combined total value = 1,556,082,000,000
Strike 123900 has a total call value of 70,656,000,000 versus a total put value of 1,457,740,000,000 Combined total value = 1,528,396,000,000
Strike 124000 has a total call value of 71,978,000,000 versus a total put value of 1,428,733,000,000 Combined total value = 1,500,711,000,000
Strike 124100 has a total call value of 73,570,000,000 versus a total put value of 1,401,433,000,000 Combined total value = 1,475,003,000,000
Strike 124200 has a total call value of 75,163,000,000 versus a total put value of 1,374,133,000,000 Combined total value = 1,449,296,000,000
Strike 124300 has a total call value of 76,756,000,000 versus a total put value of 1,346,833,000,000 Combined total value = 1,423,589,000,000
Strike 124400 has a total call value of 78,351,000,000 versus a total put value of 1,319,533,000,000 Combined total value = 1,397,884,000,000
Strike 124500 has a total call value of 79,947,000,000 versus a total put value of 1,292,233,000,000 Combined total value = 1,372,180,000,000
Strike 124600 has a total call value of 81,545,000,000 versus a total put value of 1,264,961,000,000 Combined total value = 1,346,506,000,000
Strike 124700 has a total call value of 83,143,000,000 versus a total put value of 1,237,690,000,000 Combined total value = 1,320,833,000,000
Strike 124800 has a total call value of 84,741,000,000 versus a total put value of 1,210,420,000,000 Combined total value = 1,295,161,000,000
Strike 124900 has a total call value of 86,340,000,000 versus a total put value of 1,183,150,000,000 Combined total value = 1,269,490,000,000
Strike 125000 has a total call value of 87,939,000,000 versus a total put value of 1,155,880,000,000 Combined total value = 1,243,819,000,000
Strike 125100 has a total call value of 90,075,000,000 versus a total put value of 1,131,592,000,000 Combined total value = 1,221,667,000,000
Strike 125200 has a total call value of 92,214,000,000 versus a total put value of 1,107,304,000,000 Combined total value = 1,199,518,000,000
Strike 125300 has a total call value of 94,353,000,000 versus a total put value of 1,083,018,000,000 Combined total value = 1,177,371,000,000
Strike 125400 has a total call value of 96,492,000,000 versus a total put value of 1,058,736,000,000 Combined total value = 1,155,228,000,000
Strike 125500 has a total call value of 98,631,000,000 versus a total put value of 1,034,456,000,000 Combined total value = 1,133,087,000,000
Strike 125600 has a total call value of 100,774,000,000 versus a total put value of 1,010,273,000,000 Combined total value = 1,111,047,000,000
Strike 125700 has a total call value of 102,917,000,000 versus a total put value of 986,090,000,000 Combined total value = 1,089,007,000,000
Strike 125800 has a total call value of 105,060,000,000 versus a total put value of 961,912,000,000 Combined total value = 1,066,972,000,000
Strike 125900 has a total call value of 107,206,000,000 versus a total put value of 937,739,000,000 Combined total value = 1,044,945,000,000
Strike 126000 has a total call value of 109,359,000,000 versus a total put value of 913,569,000,000 Combined total value = 1,022,928,000,000
Strike 126100 has a total call value of 111,902,000,000 versus a total put value of 891,832,000,000 Combined total value = 1,003,734,000,000
Strike 126200 has a total call value of 114,449,000,000 versus a total put value of 870,096,000,000 Combined total value = 984,545,000,000
Strike 126300 has a total call value of 117,001,000,000 versus a total put value of 848,360,000,000 Combined total value = 965,361,000,000
Strike 126400 has a total call value of 119,553,000,000 versus a total put value of 826,624,000,000 Combined total value = 946,177,000,000
Strike 126500 has a total call value of 122,113,000,000 versus a total put value of 804,890,000,000 Combined total value = 927,003,000,000
Strike 126600 has a total call value of 124,687,000,000 versus a total put value of 783,519,000,000 Combined total value = 908,206,000,000
Strike 126700 has a total call value of 127,266,000,000 versus a total put value of 762,152,000,000 Combined total value = 889,418,000,000
Strike 126800 has a total call value of 129,847,000,000 versus a total put value of 740,790,000,000 Combined total value = 870,637,000,000
Strike 126900 has a total call value of 132,430,000,000 versus a total put value of 719,430,000,000 Combined total value = 851,860,000,000
Strike 127000 has a total call value of 135,015,000,000 versus a total put value of 698,073,000,000 Combined total value = 833,088,000,000
Strike 127100 has a total call value of 138,140,000,000 versus a total put value of 679,002,000,000 Combined total value = 817,142,000,000
Strike 127200 has a total call value of 141,267,000,000 versus a total put value of 659,931,000,000 Combined total value = 801,198,000,000
Strike 127300 has a total call value of 144,394,000,000 versus a total put value of 640,869,000,000 Combined total value = 785,263,000,000
Strike 127400 has a total call value of 147,525,000,000 versus a total put value of 621,815,000,000 Combined total value = 769,340,000,000
Strike 127500 has a total call value of 150,659,000,000 versus a total put value of 602,761,000,000 Combined total value = 753,420,000,000
Strike 127600 has a total call value of 153,830,000,000 versus a total put value of 584,861,000,000 Combined total value = 738,691,000,000
Strike 127700 has a total call value of 157,005,000,000 versus a total put value of 566,964,000,000 Combined total value = 723,969,000,000
Strike 127800 has a total call value of 160,187,000,000 versus a total put value of 549,072,000,000 Combined total value = 709,259,000,000
Strike 127900 has a total call value of 163,372,000,000 versus a total put value of 531,189,000,000 Combined total value = 694,561,000,000
Strike 128000 has a total call value of 166,562,000,000 versus a total put value of 513,310,000,000 Combined total value = 679,872,000,000
Strike 128100 has a total call value of 170,469,000,000 versus a total put value of 497,785,000,000 Combined total value = 668,254,000,000
Strike 128200 has a total call value of 174,378,000,000 versus a total put value of 482,275,000,000 Combined total value = 656,653,000,000
Strike 128300 has a total call value of 178,289,000,000 versus a total put value of 466,771,000,000 Combined total value = 645,060,000,000
Strike 128400 has a total call value of 182,206,000,000 versus a total put value of 451,268,000,000 Combined total value = 633,474,000,000
Strike 128500 has a total call value of 186,126,000,000 versus a total put value of 435,767,000,000 Combined total value = 621,893,000,000
Strike 128600 has a total call value of 190,112,000,000 versus a total put value of 420,841,000,000 Combined total value = 610,953,000,000
Strike 128700 has a total call value of 194,114,000,000 versus a total put value of 405,921,000,000 Combined total value = 600,035,000,000
Strike 128800 has a total call value of 198,135,000,000 versus a total put value of 391,003,000,000 Combined total value = 589,138,000,000
Strike 128900 has a total call value of 202,160,000,000 versus a total put value of 376,091,000,000 Combined total value = 578,251,000,000
Strike 129000 has a total call value of 206,190,000,000 versus a total put value of 361,182,000,000 Combined total value = 567,372,000,000
Strike 129100 has a total call value of 210,937,000,000 versus a total put value of 348,852,000,000 Combined total value = 559,789,000,000
Strike 129200 has a total call value of 215,698,000,000 versus a total put value of 336,525,000,000 Combined total value = 552,223,000,000
Strike 129300 has a total call value of 220,467,000,000 versus a total put value of 324,200,000,000 Combined total value = 544,667,000,000
Strike 129400 has a total call value of 225,241,000,000 versus a total put value of 311,878,000,000 Combined total value = 537,119,000,000
Strike 129500 has a total call value of 230,022,000,000 versus a total put value of 299,571,000,000 Combined total value = 529,593,000,000
Strike 129600 has a total call value of 234,914,000,000 versus a total put value of 287,576,000,000 Combined total value = 522,490,000,000
Strike 129700 has a total call value of 239,807,000,000 versus a total put value of 275,592,000,000 Combined total value = 515,399,000,000
Strike 129800 has a total call value of 244,704,000,000 versus a total put value of 263,610,000,000 Combined total value = 508,314,000,000
Strike 129900 has a total call value of 249,605,000,000 versus a total put value of 251,665,000,000 Combined total value = 501,270,000,000
Strike 130000 has a total call value of 254,506,000,000 versus a total put value of 239,723,000,000 Combined total value = 494,229,000,000
Strike 130100 has a total call value of 261,794,000,000 versus a total put value of 231,004,000,000 Combined total value = 492,798,000,000
Strike 130200 has a total call value of 269,089,000,000 versus a total put value of 222,287,000,000 Combined total value = 491,376,000,000
Strike 130300 has a total call value of 276,386,000,000 versus a total put value of 213,570,000,000 Combined total value = 489,956,000,000
Strike 130400 has a total call value of 283,683,000,000 versus a total put value of 204,854,000,000 Combined total value = 488,537,000,000
Strike 130500 has a total call value of 290,983,000,000 versus a total put value of 196,138,000,000 Combined total value = 487,121,000,000
Strike 130600 has a total call value of 298,363,000,000 versus a total put value of 187,617,000,000 Combined total value = 485,980,000,000
Strike 130700 has a total call value of 305,744,000,000 versus a total put value of 179,096,000,000 Combined total value = 484,840,000,000
Strike 130800 has a total call value of 313,125,000,000 versus a total put value of 170,577,000,000 Combined total value = 483,702,000,000
Strike 130900 has a total call value of 320,507,000,000 versus a total put value of 162,059,000,000 Combined total value = 482,566,000,000
Strike 131000 has a total call value of 327,891,000,000 versus a total put value of 153,541,000,000 Combined total value = 481,432,000,000
Strike 131100 has a total call value of 336,285,000,000 versus a total put value of 146,424,000,000 Combined total value = 482,709,000,000
Strike 131200 has a total call value of 344,687,000,000 versus a total put value of 139,307,000,000 Combined total value = 483,994,000,000
Strike 131300 has a total call value of 353,091,000,000 versus a total put value of 132,195,000,000 Combined total value = 485,286,000,000
Strike 131400 has a total call value of 361,503,000,000 versus a total put value of 125,084,000,000 Combined total value = 486,587,000,000
Strike 131500 has a total call value of 369,924,000,000 versus a total put value of 117,974,000,000 Combined total value = 487,898,000,000
Strike 131600 has a total call value of 378,462,000,000 versus a total put value of 111,027,000,000 Combined total value = 489,489,000,000
Strike 131700 has a total call value of 387,003,000,000 versus a total put value of 104,081,000,000 Combined total value = 491,084,000,000
Strike 131800 has a total call value of 395,553,000,000 versus a total put value of 97,135,000,000 Combined total value = 492,688,000,000
Strike 131900 has a total call value of 404,103,000,000 versus a total put value of 90,196,000,000 Combined total value = 494,299,000,000
Strike 132000 has a total call value of 412,653,000,000 versus a total put value of 83,257,000,000 Combined total value = 495,910,000,000
Strike 132100 has a total call value of 423,150,000,000 versus a total put value of 78,301,000,000 Combined total value = 501,451,000,000
Strike 132200 has a total call value of 433,662,000,000 versus a total put value of 73,345,000,000 Combined total value = 507,007,000,000
Strike 132300 has a total call value of 444,175,000,000 versus a total put value of 68,390,000,000 Combined total value = 512,565,000,000
Strike 132400 has a total call value of 454,688,000,000 versus a total put value of 63,436,000,000 Combined total value = 518,124,000,000
Strike 132500 has a total call value of 465,201,000,000 versus a total put value of 58,482,000,000 Combined total value = 523,683,000,000
Strike 132600 has a total call value of 476,131,000,000 versus a total put value of 53,832,000,000 Combined total value = 529,963,000,000
Strike 132700 has a total call value of 487,064,000,000 versus a total put value of 49,182,000,000 Combined total value = 536,246,000,000
Strike 132800 has a total call value of 497,997,000,000 versus a total put value of 44,538,000,000 Combined total value = 542,535,000,000
Strike 132900 has a total call value of 508,930,000,000 versus a total put value of 39,895,000,000 Combined total value = 548,825,000,000
Strike 133000 has a total call value of 519,865,000,000 versus a total put value of 35,253,000,000 Combined total value = 555,118,000,000
Strike 133100 has a total call value of 533,925,000,000 versus a total put value of 33,144,000,000 Combined total value = 567,069,000,000
Strike 133200 has a total call value of 547,992,000,000 versus a total put value of 31,035,000,000 Combined total value = 579,027,000,000
Strike 133300 has a total call value of 562,059,000,000 versus a total put value of 28,926,000,000 Combined total value = 590,985,000,000
Strike 133400 has a total call value of 576,134,000,000 versus a total put value of 26,822,000,000 Combined total value = 602,956,000,000
Strike 133500 has a total call value of 590,209,000,000 versus a total put value of 24,721,000,000 Combined total value = 614,930,000,000
Strike 133600 has a total call value of 605,305,000,000 versus a total put value of 22,648,000,000 Combined total value = 627,953,000,000
Strike 133700 has a total call value of 620,401,000,000 versus a total put value of 20,575,000,000 Combined total value = 640,976,000,000
Strike 133800 has a total call value of 635,497,000,000 versus a total put value of 18,502,000,000 Combined total value = 653,999,000,000
Strike 133900 has a total call value of 650,594,000,000 versus a total put value of 16,429,000,000 Combined total value = 667,023,000,000
Strike 134000 has a total call value of 665,691,000,000 versus a total put value of 14,357,000,000 Combined total value = 680,048,000,000
Strike 134100 has a total call value of 683,462,000,000 versus a total put value of 12,949,000,000 Combined total value = 696,411,000,000
Strike 134200 has a total call value of 701,233,000,000 versus a total put value of 11,541,000,000 Combined total value = 712,774,000,000
Strike 134300 has a total call value of 719,004,000,000 versus a total put value of 10,133,000,000 Combined total value = 729,137,000,000
Strike 134400 has a total call value of 736,775,000,000 versus a total put value of 8,726,000,000 Combined total value = 745,501,000,000
Strike 134500 has a total call value of 754,546,000,000 versus a total put value of 7,319,000,000 Combined total value = 761,865,000,000
Strike 134600 has a total call value of 773,111,000,000 versus a total put value of 5,912,000,000 Combined total value = 779,023,000,000
Strike 134700 has a total call value of 791,677,000,000 versus a total put value of 4,505,000,000 Combined total value = 796,182,000,000
Strike 134800 has a total call value of 810,243,000,000 versus a total put value of 3,099,000,000 Combined total value = 813,342,000,000
Strike 134900 has a total call value of 828,809,000,000 versus a total put value of 1,693,000,000 Combined total value = 830,502,000,000
Strike 135000 has a total call value of 847,375,000,000 versus a total put value of 287,000,000 Combined total value = 847,662,000,000
Strike 135100 has a total call value of 869,742,000,000 versus a total put value of 258,000,000 Combined total value = 870,000,000,000
Strike 135200 has a total call value of 892,109,000,000 versus a total put value of 229,000,000 Combined total value = 892,338,000,000
Strike 135300 has a total call value of 914,476,000,000 versus a total put value of 200,000,000 Combined total value = 914,676,000,000
Strike 135400 has a total call value of 936,843,000,000 versus a total put value of 172,000,000 Combined total value = 937,015,000,000
Strike 135500 has a total call value of 959,210,000,000 versus a total put value of 144,000,000 Combined total value = 959,354,000,000
Strike 135600 has a total call value of 981,732,000,000 versus a total put value of 116,000,000 Combined total value = 981,848,000,000
Strike 135700 has a total call value of 1,004,254,000,000 versus a total put value of 88,000,000 Combined total value = 1,004,342,000,000
Strike 135800 has a total call value of 1,026,776,000,000 versus a total put value of 60,000,000 Combined total value = 1,026,836,000,000
Strike 135900 has a total call value of 1,049,299,000,000 versus a total put value of 32,000,000 Combined total value = 1,049,331,000,000
Strike 136000 has a total call value of 1,071,822,000,000 versus a total put value of 4,000,000 Combined total value = 1,071,826,000,000
Strike 136100 has a total call value of 1,097,817,000,000 versus a total put value of 3,000,000 Combined total value = 1,097,820,000,000
Strike 136200 has a total call value of 1,123,812,000,000 versus a total put value of 2,000,000 Combined total value = 1,123,814,000,000
Strike 136300 has a total call value of 1,149,807,000,000 versus a total put value of 1,000,000 Combined total value = 1,149,808,000,000
Strike 136400 has a total call value of 1,175,804,000,000 versus a total put value of 0 Combined total value = 1,175,804,000,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1144.7 | 1140 |
| ABB | 5285 | 5200 |
| ABCAPITAL | 351.8 | 350 |
| ADANIENSOL | 1016.45 | 990 |
| ADANIENT | 2278.9 | 2300 |
| ADANIGREEN | 1047.6 | 1040 |
| ADANIPORTS | 1512.6 | 1500 |
| ALKEM | 5624.5 | 5700 |
| AMBER | 6801.5 | 6800 |
| AMBUJACEM | 553.45 | 550 |
| ANGELONE | 2582.5 | 2600 |
| APLAPOLLO | 1739.1 | 1740 |
| APOLLOHOSP | 7086.5 | 7200 |
| ASHOKLEY | 166.82 | 160 |
| ASIANPAINT | 2780.2 | 2800 |
| ASTRAL | 1430.6 | 1440 |
| AUBANK | 979.05 | 960 |
| AUROPHARMA | 1186.3 | 1200 |
| AXISBANK | 1284.8 | 1280 |
| BAJAJ-AUTO | 8940 | 9000 |
| BAJAJFINSV | 2070.5 | 2060 |
| BAJFINANCE | 1012.7 | 1020 |
| BANDHANBNK | 151.79 | 150 |
| BANKBARODA | 285.1 | 290 |
| BANKINDIA | 141.77 | 142 |
| BDL | 1402.6 | 1440 |
| BEL | 390.75 | 400 |
| BHARATFORG | 1414.1 | 1400 |
| BHARTIARTL | 2069.7 | 2100 |
| BHEL | 282.6 | 282.5 |
| BIOCON | 390.65 | 390 |
| BLUESTARCO | 1806.2 | 1780 |
| BOSCHLTD | 36400 | 36500 |
| BPCL | 367 | 365 |
| BRITANNIA | 6038 | 5950 |
| BSE | 2648.9 | 2750 |
| CAMS | 755.2 | 770 |
| CANBK | 148.29 | 148 |
| CDSL | 1517.6 | 1560 |
| CGPOWER | 670.15 | 680 |
| CHOLAFIN | 1733.7 | 1700 |
| CIPLA | 1508 | 1520 |
| COALINDIA | 384.45 | 382.25 |
| COFORGE | 1870 | 1840 |
| COLPAL | 2164.4 | 2180 |
| CONCOR | 502.75 | 510 |
| CROMPTON | 253.05 | 265 |
| CUMMINSIND | 4539.9 | 4500 |
| CYIENT | 1158 | 1160 |
| DABUR | 497.2 | 505 |
| DALBHARAT | 2103.6 | 2040 |
| DELHIVERY | 407.25 | 415 |
| DIVISLAB | 6347.5 | 6400 |
| DIXON | 13737 | 13750 |
| DLF | 697.9 | 710 |
| DMART | 3825.6 | 3900 |
| DRREDDY | 1280.6 | 1270 |
| EICHERMOT | 7121.5 | 7150 |
| ETERNAL | 298.45 | 300 |
| EXIDEIND | 372.45 | 375 |
| FEDERALBNK | 265.25 | 260 |
| FORTIS | 869.8 | 890 |
| GAIL | 169.86 | 175 |
| GLENMARK | 1985.6 | 1940 |
| GMRAIRPORT | 104.88 | 102 |
| GODREJCP | 1166.1 | 1140 |
| GODREJPROP | 2067.8 | 2040 |
| GRASIM | 2821 | 2800 |
| HAL | 4321.6 | 4500 |
| HAVELLS | 1412.3 | 1420 |
| HCLTECH | 1684 | 1660 |
| HDFCAMC | 2607 | 2640 |
| HDFCBANK | 996.1 | 1000 |
| HDFCLIFE | 772.7 | 770 |
| HEROMOTOCO | 5959.5 | 6050 |
| HFCL | 66 | 68 |
| HINDALCO | 847.85 | 820 |
| HINDPETRO | 466.15 | 460 |
| HINDUNILVR | 2293.5 | 2300 |
| HINDZINC | 568.05 | 540 |
| HUDCO | 214.85 | 220 |
| ICICIBANK | 1365.2 | 1380 |
| ICICIGI | 1951.8 | 1960 |
| ICICIPRULI | 648.5 | 630 |
| IDEA | 11.35 | 11 |
| IDFCFIRSTB | 83.87 | 82 |
| IEX | 142.32 | 145 |
| IIFL | 575.2 | 570 |
| INDHOTEL | 731.15 | 730 |
| INDIANB | 783.85 | 810 |
| INDIGO | 4965.5 | 5000 |
| INDUSINDBK | 851.25 | 850 |
| INDUSTOWER | 409.45 | 410 |
| INFY | 1606.8 | 1600 |
| INOXWIND | 125.99 | 130 |
| IOC | 168.55 | 165 |
| IRCTC | 672.5 | 685 |
| IREDA | 135.46 | 140 |
| IRFC | 113.25 | 115 |
| ITC | 402.3 | 405 |
| JINDALSTEL | 1034 | 1030 |
| JIOFIN | 299.6 | 300 |
| JSWENERGY | 486.45 | 490 |
| JSWSTEEL | 1114.8 | 1140 |
| JUBLFOOD | 577.45 | 590 |
| KALYANKJIL | 480.1 | 480 |
| KAYNES | 4197.5 | 4400 |
| KEI | 4167.9 | 4100 |
| KFINTECH | 1049.5 | 1060 |
| KOTAKBANK | 2181.3 | 2160 |
| KPITTECH | 1207.4 | 1220 |
| LAURUSLABS | 1004.9 | 1000 |
| LICHSGFIN | 531.45 | 550 |
| LICI | 856.9 | 880 |
| LODHA | 1091 | 1100 |
| LT | 4092.3 | 4040 |
| LTF | 305.1 | 305 |
| LTIM | 6269.5 | 6200 |
| LUPIN | 2092.6 | 2080 |
| M&M | 3608 | 3650 |
| MANAPPURAM | 286.25 | 282.5 |
| MANKIND | 2141.2 | 2200 |
| MARICO | 737.65 | 730 |
| MARUTI | 16415 | 16300 |
| MAXHEALTH | 1085.4 | 1100 |
| MAZDOCK | 2447.8 | 2600 |
| MCX | 10186 | 10100 |
| MFSL | 1698.3 | 1700 |
| MOTHERSON | 120.31 | 116 |
| MPHASIS | 2897.9 | 2900 |
| MUTHOOTFIN | 3856.4 | 3800 |
| NATIONALUM | 278.7 | 270 |
| NAUKRI | 1361.6 | 1360 |
| NBCC | 115.39 | 114 |
| NCC | 161.7 | 167.5 |
| NESTLEIND | 1243.5 | 1240 |
| NHPC | 77.21 | 78 |
| NMDC | 78.55 | 77 |
| NTPC | 323.95 | 325 |
| NUVAMA | 7274 | 7200 |
| NYKAA | 251.6 | 257.5 |
| OBEROIRLTY | 1655.9 | 1640 |
| OFSS | 7967.5 | 8000 |
| OIL | 403.55 | 410 |
| ONGC | 235.35 | 240 |
| PAGEIND | 36740 | 37000 |
| PATANJALI | 529.75 | 540 |
| PAYTM | 1310.1 | 1300 |
| PERSISTENT | 6297.5 | 6300 |
| PETRONET | 268.55 | 275 |
| PFC | 341.2 | 360 |
| PGEL | 564.75 | 560 |
| PHOENIXLTD | 1789.4 | 1760 |
| PIDILITIND | 1479.4 | 1480 |
| PIIND | 3245.4 | 3350 |
| PNB | 118.74 | 120 |
| PNBHOUSING | 922.05 | 910 |
| POLICYBZR | 1926.4 | 1900 |
| POLYCAB | 7339.5 | 7300 |
| POWERGRID | 262.2 | 270 |
| POWERINDIA | 19535 | 19500 |
| PPLPHARMA | 171.7 | 177.5 |
| PRESTIGE | 1655.4 | 1660 |
| RBLBANK | 304.3 | 310 |
| RECLTD | 342.5 | 355 |
| RELIANCE | 1556.2 | 1540 |
| RVNL | 313.15 | 315 |
| SAIL | 132.31 | 132 |
| SAMMAANCAP | 148.68 | 155 |
| SBICARD | 870 | 880 |
| SBILIFE | 2034.9 | 2020 |
| SBIN | 967.25 | 965 |
| SHREECEM | 26625 | 26500 |
| SHRIRAMFIN | 855.35 | 850 |
| SIEMENS | 3157.8 | 3200 |
| SOLARINDS | 12196 | 12750 |
| SONACOMS | 486.9 | 495 |
| SRF | 3001 | 2950 |
| SUNPHARMA | 1797.1 | 1800 |
| SUPREMEIND | 3272 | 3400 |
| SUZLON | 53.14 | 54 |
| SYNGENE | 660.35 | 650 |
| TATACONSUM | 1157.4 | 1170 |
| TATAELXSI | 5048.5 | 5000 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 381.65 | 390 |
| TATASTEEL | 172.87 | 170 |
| TATATECH | 657.3 | 670 |
| TCS | 3230.2 | 3200 |
| TECHM | 1575.4 | 1560 |
| TIINDIA | 2647.7 | 2700 |
| TITAGARH | 789.5 | 800 |
| TITAN | 3866.2 | 3840 |
| TMPV | 347.15 | 360 |
| TORNTPHARM | 3782.6 | 3750 |
| TORNTPOWER | 1292.7 | 1300 |
| TRENT | 4109 | 4200 |
| TVSMOTOR | 3639.3 | 3600 |
| ULTRACEMCO | 11728 | 11700 |
| UNIONBANK | 153.65 | 152.5 |
| UNITDSPR | 1442.4 | 1440 |
| UNOMINDA | 1239.4 | 1280 |
| UPL | 765.65 | 750 |
| VBL | 477.6 | 475 |
| VEDL | 549.4 | 530 |
| VOLTAS | 1388.9 | 1360 |
| WIPRO | 261.74 | 255 |
| YESBANK | 21.76 | 22 |
| ZYDUSLIFE | 921.6 | 930 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
Frequently Asked Questions
Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.
The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.
Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:
- For each strike price: Calculate the difference between the current stock price and the strike price.
- Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
- Sum the values: Add together the dollar value for put options and call options at each strike price.
- Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
- Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.
This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.
Traders can incorporate Max Pain analysis into their trading strategy in several ways:
- Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
- Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
- Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
- Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
- Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.
Max Pain provides insights into potential stock price behavior, especially near option expiration:
- Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
- Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
- Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
- Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.
Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.
Max Pain is a dynamic value that changes continuously based on several factors:
- Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
- Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
- Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
- New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.
For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.
Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:
- Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
- Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.
The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.
No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:
- Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
- Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
- Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
- Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
- Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.
Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.
Max Pain becomes increasingly relevant as option expiration approaches:
- Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
- Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
- High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
- Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
- Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.
While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.































































































































































































































