How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. 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.

How Can Traders Use Max Pain in Their Strategy?

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.

What Does Max Pain Indicate About Stock Price Movement?

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.

How Often Does Max Pain Change?

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.

What's the Difference Between Max Pain and Spot Price?

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.

Is Max Pain Always Accurate for Predicting Stock Price?

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.

When is Max Pain Most Relevant for Options Trading?

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.

GOLDM

Q: What is Max Pain in Options Trading?

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.

Gold Mini

177613 +10521.00 (6.30%)

L: 168000 H: 182130

Max Pain - GOLDM

29 Jan 2026 07:26 PM IST

Live

Expiry

Max-Pain

1,72,000

DFC

7D Avg

Reliability

14D Avg

Reliability

21D Avg

Reliability

Max Pain for GOLDM is 172000

Historical data for GOLDM-172000-CE

LTP (172000 CE)

6064.5 6036.5

Open Interest

3123 3123

Historical data for GOLDM-172000-PE

LTP (172000 PE)

430.5 -4505

Open Interest

15044 15044

Strike 117000 has a total call value of 0 versus a total put value of 63,390,690,000,000 Combined total value = 63,390,690,000,000

Strike 117100 has a total call value of 7,000,000 versus a total put value of 63,233,201,000,000 Combined total value = 63,233,208,000,000

Strike 117200 has a total call value of 14,000,000 versus a total put value of 63,075,712,000,000 Combined total value = 63,075,726,000,000

Strike 117300 has a total call value of 21,000,000 versus a total put value of 62,918,223,000,000 Combined total value = 62,918,244,000,000

Strike 117400 has a total call value of 28,000,000 versus a total put value of 62,760,734,000,000 Combined total value = 62,760,762,000,000

Strike 117500 has a total call value of 35,000,000 versus a total put value of 62,603,245,000,000 Combined total value = 62,603,280,000,000

Strike 117600 has a total call value of 42,000,000 versus a total put value of 62,445,756,000,000 Combined total value = 62,445,798,000,000

Strike 117700 has a total call value of 49,000,000 versus a total put value of 62,288,267,000,000 Combined total value = 62,288,316,000,000

Strike 117800 has a total call value of 56,000,000 versus a total put value of 62,130,778,000,000 Combined total value = 62,130,834,000,000

Strike 117900 has a total call value of 63,000,000 versus a total put value of 61,973,289,000,000 Combined total value = 61,973,352,000,000

Strike 118000 has a total call value of 70,000,000 versus a total put value of 61,815,800,000,000 Combined total value = 61,815,870,000,000

Strike 118100 has a total call value of 77,000,000 versus a total put value of 61,658,311,000,000 Combined total value = 61,658,388,000,000

Strike 118200 has a total call value of 84,000,000 versus a total put value of 61,500,822,000,000 Combined total value = 61,500,906,000,000

Strike 118300 has a total call value of 91,000,000 versus a total put value of 61,343,333,000,000 Combined total value = 61,343,424,000,000

Strike 118400 has a total call value of 98,000,000 versus a total put value of 61,185,844,000,000 Combined total value = 61,185,942,000,000

Strike 118500 has a total call value of 105,000,000 versus a total put value of 61,028,355,000,000 Combined total value = 61,028,460,000,000

Strike 118600 has a total call value of 112,000,000 versus a total put value of 60,870,866,000,000 Combined total value = 60,870,978,000,000

Strike 118700 has a total call value of 119,000,000 versus a total put value of 60,713,377,000,000 Combined total value = 60,713,496,000,000

Strike 118800 has a total call value of 126,000,000 versus a total put value of 60,555,888,000,000 Combined total value = 60,556,014,000,000

Strike 118900 has a total call value of 133,000,000 versus a total put value of 60,398,399,000,000 Combined total value = 60,398,532,000,000

Strike 119000 has a total call value of 140,000,000 versus a total put value of 60,240,910,000,000 Combined total value = 60,241,050,000,000

Strike 119100 has a total call value of 147,000,000 versus a total put value of 60,083,421,000,000 Combined total value = 60,083,568,000,000

Strike 119200 has a total call value of 154,000,000 versus a total put value of 59,925,932,000,000 Combined total value = 59,926,086,000,000

Strike 119300 has a total call value of 161,000,000 versus a total put value of 59,768,443,000,000 Combined total value = 59,768,604,000,000

Strike 119400 has a total call value of 168,000,000 versus a total put value of 59,610,954,000,000 Combined total value = 59,611,122,000,000

Strike 119500 has a total call value of 175,000,000 versus a total put value of 59,453,465,000,000 Combined total value = 59,453,640,000,000

Strike 119600 has a total call value of 182,000,000 versus a total put value of 59,295,976,000,000 Combined total value = 59,296,158,000,000

Strike 119700 has a total call value of 189,000,000 versus a total put value of 59,138,487,000,000 Combined total value = 59,138,676,000,000

Strike 119800 has a total call value of 196,000,000 versus a total put value of 58,980,998,000,000 Combined total value = 58,981,194,000,000

Strike 119900 has a total call value of 203,000,000 versus a total put value of 58,823,509,000,000 Combined total value = 58,823,712,000,000

Strike 120000 has a total call value of 210,000,000 versus a total put value of 58,666,020,000,000 Combined total value = 58,666,230,000,000

Strike 120100 has a total call value of 248,000,000 versus a total put value of 58,510,213,000,000 Combined total value = 58,510,461,000,000

Strike 120200 has a total call value of 286,000,000 versus a total put value of 58,354,406,000,000 Combined total value = 58,354,692,000,000

Strike 120300 has a total call value of 324,000,000 versus a total put value of 58,198,599,000,000 Combined total value = 58,198,923,000,000

Strike 120400 has a total call value of 362,000,000 versus a total put value of 58,042,792,000,000 Combined total value = 58,043,154,000,000

Strike 120500 has a total call value of 400,000,000 versus a total put value of 57,886,985,000,000 Combined total value = 57,887,385,000,000

Strike 120600 has a total call value of 438,000,000 versus a total put value of 57,731,178,000,000 Combined total value = 57,731,616,000,000

Strike 120700 has a total call value of 476,000,000 versus a total put value of 57,575,371,000,000 Combined total value = 57,575,847,000,000

Strike 120800 has a total call value of 514,000,000 versus a total put value of 57,419,564,000,000 Combined total value = 57,420,078,000,000

Strike 120900 has a total call value of 552,000,000 versus a total put value of 57,263,757,000,000 Combined total value = 57,264,309,000,000

Strike 121000 has a total call value of 590,000,000 versus a total put value of 57,107,950,000,000 Combined total value = 57,108,540,000,000

Strike 121100 has a total call value of 628,000,000 versus a total put value of 56,952,143,000,000 Combined total value = 56,952,771,000,000

Strike 121200 has a total call value of 666,000,000 versus a total put value of 56,796,336,000,000 Combined total value = 56,797,002,000,000

Strike 121300 has a total call value of 704,000,000 versus a total put value of 56,640,529,000,000 Combined total value = 56,641,233,000,000

Strike 121400 has a total call value of 742,000,000 versus a total put value of 56,484,722,000,000 Combined total value = 56,485,464,000,000

Strike 121500 has a total call value of 780,000,000 versus a total put value of 56,328,915,000,000 Combined total value = 56,329,695,000,000

Strike 121600 has a total call value of 818,000,000 versus a total put value of 56,173,108,000,000 Combined total value = 56,173,926,000,000

Strike 121700 has a total call value of 856,000,000 versus a total put value of 56,017,301,000,000 Combined total value = 56,018,157,000,000

Strike 121800 has a total call value of 894,000,000 versus a total put value of 55,861,494,000,000 Combined total value = 55,862,388,000,000

Strike 121900 has a total call value of 932,000,000 versus a total put value of 55,705,687,000,000 Combined total value = 55,706,619,000,000

Strike 122000 has a total call value of 970,000,000 versus a total put value of 55,549,880,000,000 Combined total value = 55,550,850,000,000

Strike 122100 has a total call value of 1,008,000,000 versus a total put value of 55,394,073,000,000 Combined total value = 55,395,081,000,000

Strike 122200 has a total call value of 1,046,000,000 versus a total put value of 55,238,266,000,000 Combined total value = 55,239,312,000,000

Strike 122300 has a total call value of 1,084,000,000 versus a total put value of 55,082,459,000,000 Combined total value = 55,083,543,000,000

Strike 122400 has a total call value of 1,122,000,000 versus a total put value of 54,926,652,000,000 Combined total value = 54,927,774,000,000

Strike 122500 has a total call value of 1,160,000,000 versus a total put value of 54,770,845,000,000 Combined total value = 54,772,005,000,000

Strike 122600 has a total call value of 1,198,000,000 versus a total put value of 54,615,038,000,000 Combined total value = 54,616,236,000,000

Strike 122700 has a total call value of 1,236,000,000 versus a total put value of 54,459,231,000,000 Combined total value = 54,460,467,000,000

Strike 122800 has a total call value of 1,274,000,000 versus a total put value of 54,303,424,000,000 Combined total value = 54,304,698,000,000

Strike 122900 has a total call value of 1,312,000,000 versus a total put value of 54,147,617,000,000 Combined total value = 54,148,929,000,000

Strike 123000 has a total call value of 1,350,000,000 versus a total put value of 53,991,810,000,000 Combined total value = 53,993,160,000,000

Strike 123100 has a total call value of 1,388,000,000 versus a total put value of 53,836,003,000,000 Combined total value = 53,837,391,000,000

Strike 123200 has a total call value of 1,426,000,000 versus a total put value of 53,680,196,000,000 Combined total value = 53,681,622,000,000

Strike 123300 has a total call value of 1,464,000,000 versus a total put value of 53,524,389,000,000 Combined total value = 53,525,853,000,000

Strike 123400 has a total call value of 1,502,000,000 versus a total put value of 53,368,582,000,000 Combined total value = 53,370,084,000,000

Strike 123500 has a total call value of 1,540,000,000 versus a total put value of 53,212,775,000,000 Combined total value = 53,214,315,000,000

Strike 123600 has a total call value of 1,578,000,000 versus a total put value of 53,056,968,000,000 Combined total value = 53,058,546,000,000

Strike 123700 has a total call value of 1,616,000,000 versus a total put value of 52,901,161,000,000 Combined total value = 52,902,777,000,000

Strike 123800 has a total call value of 1,654,000,000 versus a total put value of 52,745,354,000,000 Combined total value = 52,747,008,000,000

Strike 123900 has a total call value of 1,692,000,000 versus a total put value of 52,589,547,000,000 Combined total value = 52,591,239,000,000

Strike 124000 has a total call value of 1,730,000,000 versus a total put value of 52,433,740,000,000 Combined total value = 52,435,470,000,000

Strike 124100 has a total call value of 1,768,000,000 versus a total put value of 52,278,385,000,000 Combined total value = 52,280,153,000,000

Strike 124200 has a total call value of 1,806,000,000 versus a total put value of 52,123,030,000,000 Combined total value = 52,124,836,000,000

Strike 124300 has a total call value of 1,844,000,000 versus a total put value of 51,967,675,000,000 Combined total value = 51,969,519,000,000

Strike 124400 has a total call value of 1,882,000,000 versus a total put value of 51,812,320,000,000 Combined total value = 51,814,202,000,000

Strike 124500 has a total call value of 1,920,000,000 versus a total put value of 51,656,965,000,000 Combined total value = 51,658,885,000,000

Strike 124600 has a total call value of 1,958,000,000 versus a total put value of 51,501,610,000,000 Combined total value = 51,503,568,000,000

Strike 124700 has a total call value of 1,996,000,000 versus a total put value of 51,346,255,000,000 Combined total value = 51,348,251,000,000

Strike 124800 has a total call value of 2,034,000,000 versus a total put value of 51,190,900,000,000 Combined total value = 51,192,934,000,000

Strike 124900 has a total call value of 2,072,000,000 versus a total put value of 51,035,545,000,000 Combined total value = 51,037,617,000,000

Strike 125000 has a total call value of 2,110,000,000 versus a total put value of 50,880,190,000,000 Combined total value = 50,882,300,000,000

Strike 125100 has a total call value of 2,551,000,000 versus a total put value of 50,730,010,000,000 Combined total value = 50,732,561,000,000

Strike 125200 has a total call value of 2,992,000,000 versus a total put value of 50,579,830,000,000 Combined total value = 50,582,822,000,000

Strike 125300 has a total call value of 3,433,000,000 versus a total put value of 50,429,650,000,000 Combined total value = 50,433,083,000,000

Strike 125400 has a total call value of 3,874,000,000 versus a total put value of 50,279,470,000,000 Combined total value = 50,283,344,000,000

Strike 125500 has a total call value of 4,315,000,000 versus a total put value of 50,129,290,000,000 Combined total value = 50,133,605,000,000

Strike 125600 has a total call value of 4,756,000,000 versus a total put value of 49,979,110,000,000 Combined total value = 49,983,866,000,000

Strike 125700 has a total call value of 5,197,000,000 versus a total put value of 49,828,930,000,000 Combined total value = 49,834,127,000,000

Strike 125800 has a total call value of 5,638,000,000 versus a total put value of 49,678,750,000,000 Combined total value = 49,684,388,000,000

Strike 125900 has a total call value of 6,079,000,000 versus a total put value of 49,528,570,000,000 Combined total value = 49,534,649,000,000

Strike 126000 has a total call value of 6,520,000,000 versus a total put value of 49,378,390,000,000 Combined total value = 49,384,910,000,000

Strike 126100 has a total call value of 6,961,000,000 versus a total put value of 49,228,729,000,000 Combined total value = 49,235,690,000,000

Strike 126200 has a total call value of 7,402,000,000 versus a total put value of 49,079,068,000,000 Combined total value = 49,086,470,000,000

Strike 126300 has a total call value of 7,843,000,000 versus a total put value of 48,929,407,000,000 Combined total value = 48,937,250,000,000

Strike 126400 has a total call value of 8,284,000,000 versus a total put value of 48,779,746,000,000 Combined total value = 48,788,030,000,000

Strike 126500 has a total call value of 8,725,000,000 versus a total put value of 48,630,085,000,000 Combined total value = 48,638,810,000,000

Strike 126600 has a total call value of 9,166,000,000 versus a total put value of 48,480,424,000,000 Combined total value = 48,489,590,000,000

Strike 126700 has a total call value of 9,607,000,000 versus a total put value of 48,330,763,000,000 Combined total value = 48,340,370,000,000

Strike 126800 has a total call value of 10,048,000,000 versus a total put value of 48,181,102,000,000 Combined total value = 48,191,150,000,000

Strike 126900 has a total call value of 10,489,000,000 versus a total put value of 48,031,441,000,000 Combined total value = 48,041,930,000,000

Strike 127000 has a total call value of 10,930,000,000 versus a total put value of 47,881,780,000,000 Combined total value = 47,892,710,000,000

Strike 127100 has a total call value of 11,371,000,000 versus a total put value of 47,732,476,000,000 Combined total value = 47,743,847,000,000

Strike 127200 has a total call value of 11,812,000,000 versus a total put value of 47,583,172,000,000 Combined total value = 47,594,984,000,000

Strike 127300 has a total call value of 12,253,000,000 versus a total put value of 47,433,868,000,000 Combined total value = 47,446,121,000,000

Strike 127400 has a total call value of 12,694,000,000 versus a total put value of 47,284,564,000,000 Combined total value = 47,297,258,000,000

Strike 127500 has a total call value of 13,135,000,000 versus a total put value of 47,135,260,000,000 Combined total value = 47,148,395,000,000

Strike 127600 has a total call value of 13,576,000,000 versus a total put value of 46,985,956,000,000 Combined total value = 46,999,532,000,000

Strike 127700 has a total call value of 14,017,000,000 versus a total put value of 46,836,652,000,000 Combined total value = 46,850,669,000,000

Strike 127800 has a total call value of 14,458,000,000 versus a total put value of 46,687,348,000,000 Combined total value = 46,701,806,000,000

Strike 127900 has a total call value of 14,899,000,000 versus a total put value of 46,538,044,000,000 Combined total value = 46,552,943,000,000

Strike 128000 has a total call value of 15,340,000,000 versus a total put value of 46,388,740,000,000 Combined total value = 46,404,080,000,000

Strike 128100 has a total call value of 15,781,000,000 versus a total put value of 46,239,980,000,000 Combined total value = 46,255,761,000,000

Strike 128200 has a total call value of 16,222,000,000 versus a total put value of 46,091,220,000,000 Combined total value = 46,107,442,000,000

Strike 128300 has a total call value of 16,663,000,000 versus a total put value of 45,942,460,000,000 Combined total value = 45,959,123,000,000

Strike 128400 has a total call value of 17,104,000,000 versus a total put value of 45,793,700,000,000 Combined total value = 45,810,804,000,000

Strike 128500 has a total call value of 17,545,000,000 versus a total put value of 45,644,940,000,000 Combined total value = 45,662,485,000,000

Strike 128600 has a total call value of 17,986,000,000 versus a total put value of 45,496,180,000,000 Combined total value = 45,514,166,000,000

Strike 128700 has a total call value of 18,427,000,000 versus a total put value of 45,347,420,000,000 Combined total value = 45,365,847,000,000

Strike 128800 has a total call value of 18,868,000,000 versus a total put value of 45,198,660,000,000 Combined total value = 45,217,528,000,000

Strike 128900 has a total call value of 19,309,000,000 versus a total put value of 45,049,900,000,000 Combined total value = 45,069,209,000,000

Strike 129000 has a total call value of 19,750,000,000 versus a total put value of 44,901,140,000,000 Combined total value = 44,920,890,000,000

Strike 129100 has a total call value of 20,191,000,000 versus a total put value of 44,752,903,000,000 Combined total value = 44,773,094,000,000

Strike 129200 has a total call value of 20,632,000,000 versus a total put value of 44,604,666,000,000 Combined total value = 44,625,298,000,000

Strike 129300 has a total call value of 21,073,000,000 versus a total put value of 44,456,429,000,000 Combined total value = 44,477,502,000,000

Strike 129400 has a total call value of 21,514,000,000 versus a total put value of 44,308,192,000,000 Combined total value = 44,329,706,000,000

Strike 129500 has a total call value of 21,955,000,000 versus a total put value of 44,159,955,000,000 Combined total value = 44,181,910,000,000

Strike 129600 has a total call value of 22,396,000,000 versus a total put value of 44,011,718,000,000 Combined total value = 44,034,114,000,000

Strike 129700 has a total call value of 22,837,000,000 versus a total put value of 43,863,481,000,000 Combined total value = 43,886,318,000,000

Strike 129800 has a total call value of 23,278,000,000 versus a total put value of 43,715,244,000,000 Combined total value = 43,738,522,000,000

Strike 129900 has a total call value of 23,719,000,000 versus a total put value of 43,567,007,000,000 Combined total value = 43,590,726,000,000

Strike 130000 has a total call value of 24,160,000,000 versus a total put value of 43,418,770,000,000 Combined total value = 43,442,930,000,000

Strike 130100 has a total call value of 24,719,000,000 versus a total put value of 43,273,047,000,000 Combined total value = 43,297,766,000,000

Strike 130200 has a total call value of 25,278,000,000 versus a total put value of 43,127,324,000,000 Combined total value = 43,152,602,000,000

Strike 130300 has a total call value of 25,837,000,000 versus a total put value of 42,981,601,000,000 Combined total value = 43,007,438,000,000

Strike 130400 has a total call value of 26,396,000,000 versus a total put value of 42,835,878,000,000 Combined total value = 42,862,274,000,000

Strike 130500 has a total call value of 26,955,000,000 versus a total put value of 42,690,155,000,000 Combined total value = 42,717,110,000,000

Strike 130600 has a total call value of 27,514,000,000 versus a total put value of 42,544,432,000,000 Combined total value = 42,571,946,000,000

Strike 130700 has a total call value of 28,073,000,000 versus a total put value of 42,398,709,000,000 Combined total value = 42,426,782,000,000

Strike 130800 has a total call value of 28,632,000,000 versus a total put value of 42,252,986,000,000 Combined total value = 42,281,618,000,000

Strike 130900 has a total call value of 29,191,000,000 versus a total put value of 42,107,263,000,000 Combined total value = 42,136,454,000,000

Strike 131000 has a total call value of 29,750,000,000 versus a total put value of 41,961,540,000,000 Combined total value = 41,991,290,000,000

Strike 131100 has a total call value of 30,309,000,000 versus a total put value of 41,816,413,000,000 Combined total value = 41,846,722,000,000

Strike 131200 has a total call value of 30,868,000,000 versus a total put value of 41,671,286,000,000 Combined total value = 41,702,154,000,000

Strike 131300 has a total call value of 31,427,000,000 versus a total put value of 41,526,159,000,000 Combined total value = 41,557,586,000,000

Strike 131400 has a total call value of 31,986,000,000 versus a total put value of 41,381,032,000,000 Combined total value = 41,413,018,000,000

Strike 131500 has a total call value of 32,545,000,000 versus a total put value of 41,235,905,000,000 Combined total value = 41,268,450,000,000

Strike 131600 has a total call value of 33,104,000,000 versus a total put value of 41,090,778,000,000 Combined total value = 41,123,882,000,000

Strike 131700 has a total call value of 33,663,000,000 versus a total put value of 40,945,651,000,000 Combined total value = 40,979,314,000,000

Strike 131800 has a total call value of 34,222,000,000 versus a total put value of 40,800,524,000,000 Combined total value = 40,834,746,000,000

Strike 131900 has a total call value of 34,781,000,000 versus a total put value of 40,655,397,000,000 Combined total value = 40,690,178,000,000

Strike 132000 has a total call value of 35,340,000,000 versus a total put value of 40,510,270,000,000 Combined total value = 40,545,610,000,000

Strike 132100 has a total call value of 35,983,000,000 versus a total put value of 40,365,740,000,000 Combined total value = 40,401,723,000,000

Strike 132200 has a total call value of 36,626,000,000 versus a total put value of 40,221,210,000,000 Combined total value = 40,257,836,000,000

Strike 132300 has a total call value of 37,269,000,000 versus a total put value of 40,076,680,000,000 Combined total value = 40,113,949,000,000

Strike 132400 has a total call value of 37,912,000,000 versus a total put value of 39,932,150,000,000 Combined total value = 39,970,062,000,000

Strike 132500 has a total call value of 38,555,000,000 versus a total put value of 39,787,620,000,000 Combined total value = 39,826,175,000,000

Strike 132600 has a total call value of 39,198,000,000 versus a total put value of 39,643,090,000,000 Combined total value = 39,682,288,000,000

Strike 132700 has a total call value of 39,841,000,000 versus a total put value of 39,498,560,000,000 Combined total value = 39,538,401,000,000

Strike 132800 has a total call value of 40,484,000,000 versus a total put value of 39,354,030,000,000 Combined total value = 39,394,514,000,000

Strike 132900 has a total call value of 41,127,000,000 versus a total put value of 39,209,500,000,000 Combined total value = 39,250,627,000,000

Strike 133000 has a total call value of 41,770,000,000 versus a total put value of 39,064,970,000,000 Combined total value = 39,106,740,000,000

Strike 133100 has a total call value of 42,751,000,000 versus a total put value of 38,921,469,000,000 Combined total value = 38,964,220,000,000

Strike 133200 has a total call value of 43,732,000,000 versus a total put value of 38,777,968,000,000 Combined total value = 38,821,700,000,000

Strike 133300 has a total call value of 44,713,000,000 versus a total put value of 38,634,467,000,000 Combined total value = 38,679,180,000,000

Strike 133400 has a total call value of 45,694,000,000 versus a total put value of 38,490,966,000,000 Combined total value = 38,536,660,000,000

Strike 133500 has a total call value of 46,675,000,000 versus a total put value of 38,347,465,000,000 Combined total value = 38,394,140,000,000

Strike 133600 has a total call value of 47,656,000,000 versus a total put value of 38,203,964,000,000 Combined total value = 38,251,620,000,000

Strike 133700 has a total call value of 48,637,000,000 versus a total put value of 38,060,463,000,000 Combined total value = 38,109,100,000,000

Strike 133800 has a total call value of 49,618,000,000 versus a total put value of 37,916,962,000,000 Combined total value = 37,966,580,000,000

Strike 133900 has a total call value of 50,599,000,000 versus a total put value of 37,773,461,000,000 Combined total value = 37,824,060,000,000

Strike 134000 has a total call value of 51,580,000,000 versus a total put value of 37,629,960,000,000 Combined total value = 37,681,540,000,000

Strike 134100 has a total call value of 52,603,000,000 versus a total put value of 37,488,314,000,000 Combined total value = 37,540,917,000,000

Strike 134200 has a total call value of 53,626,000,000 versus a total put value of 37,346,668,000,000 Combined total value = 37,400,294,000,000

Strike 134300 has a total call value of 54,649,000,000 versus a total put value of 37,205,022,000,000 Combined total value = 37,259,671,000,000

Strike 134400 has a total call value of 55,672,000,000 versus a total put value of 37,063,376,000,000 Combined total value = 37,119,048,000,000

Strike 134500 has a total call value of 56,695,000,000 versus a total put value of 36,921,730,000,000 Combined total value = 36,978,425,000,000

Strike 134600 has a total call value of 57,718,000,000 versus a total put value of 36,780,084,000,000 Combined total value = 36,837,802,000,000

Strike 134700 has a total call value of 58,741,000,000 versus a total put value of 36,638,438,000,000 Combined total value = 36,697,179,000,000

Strike 134800 has a total call value of 59,764,000,000 versus a total put value of 36,496,792,000,000 Combined total value = 36,556,556,000,000

Strike 134900 has a total call value of 60,787,000,000 versus a total put value of 36,355,146,000,000 Combined total value = 36,415,933,000,000

Strike 135000 has a total call value of 61,810,000,000 versus a total put value of 36,213,500,000,000 Combined total value = 36,275,310,000,000

Strike 135100 has a total call value of 63,407,000,000 versus a total put value of 36,075,228,000,000 Combined total value = 36,138,635,000,000

Strike 135200 has a total call value of 65,004,000,000 versus a total put value of 35,936,956,000,000 Combined total value = 36,001,960,000,000

Strike 135300 has a total call value of 66,601,000,000 versus a total put value of 35,798,684,000,000 Combined total value = 35,865,285,000,000

Strike 135400 has a total call value of 68,198,000,000 versus a total put value of 35,660,412,000,000 Combined total value = 35,728,610,000,000

Strike 135500 has a total call value of 69,795,000,000 versus a total put value of 35,522,140,000,000 Combined total value = 35,591,935,000,000

Strike 135600 has a total call value of 71,415,000,000 versus a total put value of 35,383,994,000,000 Combined total value = 35,455,409,000,000

Strike 135700 has a total call value of 73,035,000,000 versus a total put value of 35,245,848,000,000 Combined total value = 35,318,883,000,000

Strike 135800 has a total call value of 74,655,000,000 versus a total put value of 35,107,702,000,000 Combined total value = 35,182,357,000,000

Strike 135900 has a total call value of 76,275,000,000 versus a total put value of 34,969,556,000,000 Combined total value = 35,045,831,000,000

Strike 136000 has a total call value of 77,895,000,000 versus a total put value of 34,831,410,000,000 Combined total value = 34,909,305,000,000

Strike 136100 has a total call value of 79,680,000,000 versus a total put value of 34,694,119,000,000 Combined total value = 34,773,799,000,000

Strike 136200 has a total call value of 81,465,000,000 versus a total put value of 34,556,828,000,000 Combined total value = 34,638,293,000,000

Strike 136300 has a total call value of 83,250,000,000 versus a total put value of 34,419,537,000,000 Combined total value = 34,502,787,000,000

Strike 136400 has a total call value of 85,035,000,000 versus a total put value of 34,282,246,000,000 Combined total value = 34,367,281,000,000

Strike 136500 has a total call value of 86,820,000,000 versus a total put value of 34,144,955,000,000 Combined total value = 34,231,775,000,000

Strike 136600 has a total call value of 88,605,000,000 versus a total put value of 34,007,772,000,000 Combined total value = 34,096,377,000,000

Strike 136700 has a total call value of 90,390,000,000 versus a total put value of 33,870,589,000,000 Combined total value = 33,960,979,000,000

Strike 136800 has a total call value of 92,175,000,000 versus a total put value of 33,733,406,000,000 Combined total value = 33,825,581,000,000

Strike 136900 has a total call value of 93,960,000,000 versus a total put value of 33,596,223,000,000 Combined total value = 33,690,183,000,000

Strike 137000 has a total call value of 95,745,000,000 versus a total put value of 33,459,040,000,000 Combined total value = 33,554,785,000,000

Strike 137100 has a total call value of 97,664,000,000 versus a total put value of 33,322,748,000,000 Combined total value = 33,420,412,000,000

Strike 137200 has a total call value of 99,583,000,000 versus a total put value of 33,186,456,000,000 Combined total value = 33,286,039,000,000

Strike 137300 has a total call value of 101,502,000,000 versus a total put value of 33,050,164,000,000 Combined total value = 33,151,666,000,000

Strike 137400 has a total call value of 103,421,000,000 versus a total put value of 32,913,872,000,000 Combined total value = 33,017,293,000,000

Strike 137500 has a total call value of 105,340,000,000 versus a total put value of 32,777,580,000,000 Combined total value = 32,882,920,000,000

Strike 137600 has a total call value of 107,301,000,000 versus a total put value of 32,641,359,000,000 Combined total value = 32,748,660,000,000

Strike 137700 has a total call value of 109,262,000,000 versus a total put value of 32,505,138,000,000 Combined total value = 32,614,400,000,000

Strike 137800 has a total call value of 111,223,000,000 versus a total put value of 32,368,917,000,000 Combined total value = 32,480,140,000,000

Strike 137900 has a total call value of 113,184,000,000 versus a total put value of 32,232,696,000,000 Combined total value = 32,345,880,000,000

Strike 138000 has a total call value of 115,145,000,000 versus a total put value of 32,096,475,000,000 Combined total value = 32,211,620,000,000

Strike 138100 has a total call value of 117,106,000,000 versus a total put value of 31,961,376,000,000 Combined total value = 32,078,482,000,000

Strike 138200 has a total call value of 119,067,000,000 versus a total put value of 31,826,277,000,000 Combined total value = 31,945,344,000,000

Strike 138300 has a total call value of 121,028,000,000 versus a total put value of 31,691,178,000,000 Combined total value = 31,812,206,000,000

Strike 138400 has a total call value of 122,989,000,000 versus a total put value of 31,556,079,000,000 Combined total value = 31,679,068,000,000

Strike 138500 has a total call value of 124,950,000,000 versus a total put value of 31,420,980,000,000 Combined total value = 31,545,930,000,000

Strike 138600 has a total call value of 126,911,000,000 versus a total put value of 31,285,947,000,000 Combined total value = 31,412,858,000,000

Strike 138700 has a total call value of 128,872,000,000 versus a total put value of 31,150,914,000,000 Combined total value = 31,279,786,000,000

Strike 138800 has a total call value of 130,833,000,000 versus a total put value of 31,015,881,000,000 Combined total value = 31,146,714,000,000

Strike 138900 has a total call value of 132,794,000,000 versus a total put value of 30,880,848,000,000 Combined total value = 31,013,642,000,000

Strike 139000 has a total call value of 134,755,000,000 versus a total put value of 30,745,815,000,000 Combined total value = 30,880,570,000,000

Strike 139100 has a total call value of 136,839,000,000 versus a total put value of 30,611,969,000,000 Combined total value = 30,748,808,000,000

Strike 139200 has a total call value of 138,923,000,000 versus a total put value of 30,478,123,000,000 Combined total value = 30,617,046,000,000

Strike 139300 has a total call value of 141,007,000,000 versus a total put value of 30,344,277,000,000 Combined total value = 30,485,284,000,000

Strike 139400 has a total call value of 143,091,000,000 versus a total put value of 30,210,431,000,000 Combined total value = 30,353,522,000,000

Strike 139500 has a total call value of 145,175,000,000 versus a total put value of 30,076,585,000,000 Combined total value = 30,221,760,000,000

Strike 139600 has a total call value of 147,259,000,000 versus a total put value of 29,942,754,000,000 Combined total value = 30,090,013,000,000

Strike 139700 has a total call value of 149,343,000,000 versus a total put value of 29,808,923,000,000 Combined total value = 29,958,266,000,000

Strike 139800 has a total call value of 151,427,000,000 versus a total put value of 29,675,092,000,000 Combined total value = 29,826,519,000,000

Strike 139900 has a total call value of 153,511,000,000 versus a total put value of 29,541,261,000,000 Combined total value = 29,694,772,000,000

Strike 140000 has a total call value of 155,595,000,000 versus a total put value of 29,407,430,000,000 Combined total value = 29,563,025,000,000

Strike 140100 has a total call value of 157,913,000,000 versus a total put value of 29,277,506,000,000 Combined total value = 29,435,419,000,000

Strike 140200 has a total call value of 160,231,000,000 versus a total put value of 29,147,582,000,000 Combined total value = 29,307,813,000,000

Strike 140300 has a total call value of 162,549,000,000 versus a total put value of 29,017,658,000,000 Combined total value = 29,180,207,000,000

Strike 140400 has a total call value of 164,867,000,000 versus a total put value of 28,887,734,000,000 Combined total value = 29,052,601,000,000

Strike 140500 has a total call value of 167,185,000,000 versus a total put value of 28,757,810,000,000 Combined total value = 28,924,995,000,000

Strike 140600 has a total call value of 169,503,000,000 versus a total put value of 28,627,911,000,000 Combined total value = 28,797,414,000,000

Strike 140700 has a total call value of 171,821,000,000 versus a total put value of 28,498,012,000,000 Combined total value = 28,669,833,000,000

Strike 140800 has a total call value of 174,139,000,000 versus a total put value of 28,368,113,000,000 Combined total value = 28,542,252,000,000

Strike 140900 has a total call value of 176,457,000,000 versus a total put value of 28,238,214,000,000 Combined total value = 28,414,671,000,000

Strike 141000 has a total call value of 178,775,000,000 versus a total put value of 28,108,315,000,000 Combined total value = 28,287,090,000,000

Strike 141100 has a total call value of 181,244,000,000 versus a total put value of 27,979,286,000,000 Combined total value = 28,160,530,000,000

Strike 141200 has a total call value of 183,713,000,000 versus a total put value of 27,850,257,000,000 Combined total value = 28,033,970,000,000

Strike 141300 has a total call value of 186,182,000,000 versus a total put value of 27,721,228,000,000 Combined total value = 27,907,410,000,000

Strike 141400 has a total call value of 188,651,000,000 versus a total put value of 27,592,199,000,000 Combined total value = 27,780,850,000,000

Strike 141500 has a total call value of 191,120,000,000 versus a total put value of 27,463,170,000,000 Combined total value = 27,654,290,000,000

Strike 141600 has a total call value of 193,589,000,000 versus a total put value of 27,334,252,000,000 Combined total value = 27,527,841,000,000

Strike 141700 has a total call value of 196,058,000,000 versus a total put value of 27,205,334,000,000 Combined total value = 27,401,392,000,000

Strike 141800 has a total call value of 198,527,000,000 versus a total put value of 27,076,416,000,000 Combined total value = 27,274,943,000,000

Strike 141900 has a total call value of 200,996,000,000 versus a total put value of 26,947,498,000,000 Combined total value = 27,148,494,000,000

Strike 142000 has a total call value of 203,465,000,000 versus a total put value of 26,818,580,000,000 Combined total value = 27,022,045,000,000

Strike 142100 has a total call value of 206,120,000,000 versus a total put value of 26,690,760,000,000 Combined total value = 26,896,880,000,000

Strike 142200 has a total call value of 208,775,000,000 versus a total put value of 26,562,940,000,000 Combined total value = 26,771,715,000,000

Strike 142300 has a total call value of 211,430,000,000 versus a total put value of 26,435,120,000,000 Combined total value = 26,646,550,000,000

Strike 142400 has a total call value of 214,085,000,000 versus a total put value of 26,307,300,000,000 Combined total value = 26,521,385,000,000

Strike 142500 has a total call value of 216,740,000,000 versus a total put value of 26,179,480,000,000 Combined total value = 26,396,220,000,000

Strike 142600 has a total call value of 219,430,000,000 versus a total put value of 26,051,754,000,000 Combined total value = 26,271,184,000,000

Strike 142700 has a total call value of 222,120,000,000 versus a total put value of 25,924,031,000,000 Combined total value = 26,146,151,000,000

Strike 142800 has a total call value of 224,810,000,000 versus a total put value of 25,796,308,000,000 Combined total value = 26,021,118,000,000

Strike 142900 has a total call value of 227,500,000,000 versus a total put value of 25,668,585,000,000 Combined total value = 25,896,085,000,000

Strike 143000 has a total call value of 230,190,000,000 versus a total put value of 25,540,862,000,000 Combined total value = 25,771,052,000,000

Strike 143100 has a total call value of 233,222,000,000 versus a total put value of 25,413,781,000,000 Combined total value = 25,647,003,000,000

Strike 143200 has a total call value of 236,254,000,000 versus a total put value of 25,286,700,000,000 Combined total value = 25,522,954,000,000

Strike 143300 has a total call value of 239,286,000,000 versus a total put value of 25,159,619,000,000 Combined total value = 25,398,905,000,000

Strike 143400 has a total call value of 242,318,000,000 versus a total put value of 25,032,538,000,000 Combined total value = 25,274,856,000,000

Strike 143500 has a total call value of 245,350,000,000 versus a total put value of 24,905,457,000,000 Combined total value = 25,150,807,000,000

Strike 143600 has a total call value of 248,382,000,000 versus a total put value of 24,778,502,000,000 Combined total value = 25,026,884,000,000

Strike 143700 has a total call value of 251,414,000,000 versus a total put value of 24,651,547,000,000 Combined total value = 24,902,961,000,000

Strike 143800 has a total call value of 254,446,000,000 versus a total put value of 24,524,592,000,000 Combined total value = 24,779,038,000,000

Strike 143900 has a total call value of 257,478,000,000 versus a total put value of 24,397,637,000,000 Combined total value = 24,655,115,000,000

Strike 144000 has a total call value of 260,510,000,000 versus a total put value of 24,270,682,000,000 Combined total value = 24,531,192,000,000

Strike 144100 has a total call value of 263,937,000,000 versus a total put value of 24,145,574,000,000 Combined total value = 24,409,511,000,000

Strike 144200 has a total call value of 267,364,000,000 versus a total put value of 24,020,466,000,000 Combined total value = 24,287,830,000,000

Strike 144300 has a total call value of 270,791,000,000 versus a total put value of 23,895,358,000,000 Combined total value = 24,166,149,000,000

Strike 144400 has a total call value of 274,218,000,000 versus a total put value of 23,770,250,000,000 Combined total value = 24,044,468,000,000

Strike 144500 has a total call value of 277,645,000,000 versus a total put value of 23,645,142,000,000 Combined total value = 23,922,787,000,000

Strike 144600 has a total call value of 281,132,000,000 versus a total put value of 23,520,381,000,000 Combined total value = 23,801,513,000,000

Strike 144700 has a total call value of 284,619,000,000 versus a total put value of 23,395,620,000,000 Combined total value = 23,680,239,000,000

Strike 144800 has a total call value of 288,106,000,000 versus a total put value of 23,270,859,000,000 Combined total value = 23,558,965,000,000

Strike 144900 has a total call value of 291,593,000,000 versus a total put value of 23,146,103,000,000 Combined total value = 23,437,696,000,000

Strike 145000 has a total call value of 295,140,000,000 versus a total put value of 23,021,347,000,000 Combined total value = 23,316,487,000,000

Strike 145100 has a total call value of 298,949,000,000 versus a total put value of 22,899,186,000,000 Combined total value = 23,198,135,000,000

Strike 145200 has a total call value of 302,758,000,000 versus a total put value of 22,777,025,000,000 Combined total value = 23,079,783,000,000

Strike 145300 has a total call value of 306,567,000,000 versus a total put value of 22,654,866,000,000 Combined total value = 22,961,433,000,000

Strike 145400 has a total call value of 310,376,000,000 versus a total put value of 22,532,707,000,000 Combined total value = 22,843,083,000,000

Strike 145500 has a total call value of 314,185,000,000 versus a total put value of 22,410,548,000,000 Combined total value = 22,724,733,000,000

Strike 145600 has a total call value of 318,019,000,000 versus a total put value of 22,288,429,000,000 Combined total value = 22,606,448,000,000

Strike 145700 has a total call value of 321,853,000,000 versus a total put value of 22,166,310,000,000 Combined total value = 22,488,163,000,000

Strike 145800 has a total call value of 325,687,000,000 versus a total put value of 22,044,191,000,000 Combined total value = 22,369,878,000,000

Strike 145900 has a total call value of 329,521,000,000 versus a total put value of 21,922,072,000,000 Combined total value = 22,251,593,000,000

Strike 146000 has a total call value of 333,355,000,000 versus a total put value of 21,799,953,000,000 Combined total value = 22,133,308,000,000

Strike 146100 has a total call value of 337,441,000,000 versus a total put value of 21,679,156,000,000 Combined total value = 22,016,597,000,000

Strike 146200 has a total call value of 341,527,000,000 versus a total put value of 21,558,359,000,000 Combined total value = 21,899,886,000,000

Strike 146300 has a total call value of 345,613,000,000 versus a total put value of 21,437,562,000,000 Combined total value = 21,783,175,000,000

Strike 146400 has a total call value of 349,699,000,000 versus a total put value of 21,316,765,000,000 Combined total value = 21,666,464,000,000

Strike 146500 has a total call value of 353,785,000,000 versus a total put value of 21,195,968,000,000 Combined total value = 21,549,753,000,000

Strike 146600 has a total call value of 357,945,000,000 versus a total put value of 21,075,384,000,000 Combined total value = 21,433,329,000,000

Strike 146700 has a total call value of 362,105,000,000 versus a total put value of 20,954,800,000,000 Combined total value = 21,316,905,000,000

Strike 146800 has a total call value of 366,265,000,000 versus a total put value of 20,834,216,000,000 Combined total value = 21,200,481,000,000

Strike 146900 has a total call value of 370,425,000,000 versus a total put value of 20,713,632,000,000 Combined total value = 21,084,057,000,000

Strike 147000 has a total call value of 374,585,000,000 versus a total put value of 20,593,048,000,000 Combined total value = 20,967,633,000,000

Strike 147100 has a total call value of 378,885,000,000 versus a total put value of 20,472,970,000,000 Combined total value = 20,851,855,000,000

Strike 147200 has a total call value of 383,185,000,000 versus a total put value of 20,352,892,000,000 Combined total value = 20,736,077,000,000

Strike 147300 has a total call value of 387,485,000,000 versus a total put value of 20,232,814,000,000 Combined total value = 20,620,299,000,000

Strike 147400 has a total call value of 391,785,000,000 versus a total put value of 20,112,736,000,000 Combined total value = 20,504,521,000,000

Strike 147500 has a total call value of 396,085,000,000 versus a total put value of 19,992,658,000,000 Combined total value = 20,388,743,000,000

Strike 147600 has a total call value of 400,419,000,000 versus a total put value of 19,872,643,000,000 Combined total value = 20,273,062,000,000

Strike 147700 has a total call value of 404,753,000,000 versus a total put value of 19,752,628,000,000 Combined total value = 20,157,381,000,000

Strike 147800 has a total call value of 409,087,000,000 versus a total put value of 19,632,613,000,000 Combined total value = 20,041,700,000,000

Strike 147900 has a total call value of 413,421,000,000 versus a total put value of 19,512,598,000,000 Combined total value = 19,926,019,000,000

Strike 148000 has a total call value of 417,779,000,000 versus a total put value of 19,392,583,000,000 Combined total value = 19,810,362,000,000

Strike 148100 has a total call value of 422,251,000,000 versus a total put value of 19,273,533,000,000 Combined total value = 19,695,784,000,000

Strike 148200 has a total call value of 426,723,000,000 versus a total put value of 19,154,483,000,000 Combined total value = 19,581,206,000,000

Strike 148300 has a total call value of 431,195,000,000 versus a total put value of 19,035,433,000,000 Combined total value = 19,466,628,000,000

Strike 148400 has a total call value of 435,667,000,000 versus a total put value of 18,916,383,000,000 Combined total value = 19,352,050,000,000

Strike 148500 has a total call value of 440,139,000,000 versus a total put value of 18,797,333,000,000 Combined total value = 19,237,472,000,000

Strike 148600 has a total call value of 444,611,000,000 versus a total put value of 18,678,369,000,000 Combined total value = 19,122,980,000,000

Strike 148700 has a total call value of 449,083,000,000 versus a total put value of 18,559,405,000,000 Combined total value = 19,008,488,000,000

Strike 148800 has a total call value of 453,555,000,000 versus a total put value of 18,440,441,000,000 Combined total value = 18,893,996,000,000

Strike 148900 has a total call value of 458,027,000,000 versus a total put value of 18,321,477,000,000 Combined total value = 18,779,504,000,000

Strike 149000 has a total call value of 462,499,000,000 versus a total put value of 18,202,513,000,000 Combined total value = 18,665,012,000,000

Strike 149100 has a total call value of 467,064,000,000 versus a total put value of 18,083,940,000,000 Combined total value = 18,551,004,000,000

Strike 149200 has a total call value of 471,629,000,000 versus a total put value of 17,965,367,000,000 Combined total value = 18,436,996,000,000

Strike 149300 has a total call value of 476,194,000,000 versus a total put value of 17,846,794,000,000 Combined total value = 18,322,988,000,000

Strike 149400 has a total call value of 480,759,000,000 versus a total put value of 17,728,221,000,000 Combined total value = 18,208,980,000,000

Strike 149500 has a total call value of 485,324,000,000 versus a total put value of 17,609,648,000,000 Combined total value = 18,094,972,000,000

Strike 149600 has a total call value of 489,889,000,000 versus a total put value of 17,491,102,000,000 Combined total value = 17,980,991,000,000

Strike 149700 has a total call value of 494,454,000,000 versus a total put value of 17,372,556,000,000 Combined total value = 17,867,010,000,000

Strike 149800 has a total call value of 499,019,000,000 versus a total put value of 17,254,010,000,000 Combined total value = 17,753,029,000,000

Strike 149900 has a total call value of 503,584,000,000 versus a total put value of 17,135,464,000,000 Combined total value = 17,639,048,000,000

Strike 150000 has a total call value of 508,149,000,000 versus a total put value of 17,016,918,000,000 Combined total value = 17,525,067,000,000

Strike 150100 has a total call value of 512,959,000,000 versus a total put value of 16,905,436,000,000 Combined total value = 17,418,395,000,000

Strike 150200 has a total call value of 517,769,000,000 versus a total put value of 16,793,954,000,000 Combined total value = 17,311,723,000,000

Strike 150300 has a total call value of 522,614,000,000 versus a total put value of 16,682,472,000,000 Combined total value = 17,205,086,000,000

Strike 150400 has a total call value of 527,459,000,000 versus a total put value of 16,570,990,000,000 Combined total value = 17,098,449,000,000

Strike 150500 has a total call value of 532,304,000,000 versus a total put value of 16,459,508,000,000 Combined total value = 16,991,812,000,000

Strike 150600 has a total call value of 537,154,000,000 versus a total put value of 16,348,186,000,000 Combined total value = 16,885,340,000,000

Strike 150700 has a total call value of 542,004,000,000 versus a total put value of 16,236,864,000,000 Combined total value = 16,778,868,000,000

Strike 150800 has a total call value of 546,854,000,000 versus a total put value of 16,125,542,000,000 Combined total value = 16,672,396,000,000

Strike 150900 has a total call value of 551,704,000,000 versus a total put value of 16,014,220,000,000 Combined total value = 16,565,924,000,000

Strike 151000 has a total call value of 556,554,000,000 versus a total put value of 15,902,898,000,000 Combined total value = 16,459,452,000,000

Strike 151100 has a total call value of 561,430,000,000 versus a total put value of 15,792,182,000,000 Combined total value = 16,353,612,000,000

Strike 151200 has a total call value of 566,306,000,000 versus a total put value of 15,681,466,000,000 Combined total value = 16,247,772,000,000

Strike 151300 has a total call value of 571,182,000,000 versus a total put value of 15,570,750,000,000 Combined total value = 16,141,932,000,000

Strike 151400 has a total call value of 576,058,000,000 versus a total put value of 15,460,034,000,000 Combined total value = 16,036,092,000,000

Strike 151500 has a total call value of 580,934,000,000 versus a total put value of 15,349,318,000,000 Combined total value = 15,930,252,000,000

Strike 151600 has a total call value of 585,826,000,000 versus a total put value of 15,239,008,000,000 Combined total value = 15,824,834,000,000

Strike 151700 has a total call value of 590,718,000,000 versus a total put value of 15,128,698,000,000 Combined total value = 15,719,416,000,000

Strike 151800 has a total call value of 595,610,000,000 versus a total put value of 15,018,388,000,000 Combined total value = 15,613,998,000,000

Strike 151900 has a total call value of 600,502,000,000 versus a total put value of 14,908,078,000,000 Combined total value = 15,508,580,000,000

Strike 152000 has a total call value of 605,394,000,000 versus a total put value of 14,797,768,000,000 Combined total value = 15,403,162,000,000

Strike 152100 has a total call value of 610,352,000,000 versus a total put value of 14,688,047,000,000 Combined total value = 15,298,399,000,000

Strike 152200 has a total call value of 615,310,000,000 versus a total put value of 14,578,326,000,000 Combined total value = 15,193,636,000,000

Strike 152300 has a total call value of 620,268,000,000 versus a total put value of 14,468,605,000,000 Combined total value = 15,088,873,000,000

Strike 152400 has a total call value of 625,226,000,000 versus a total put value of 14,358,884,000,000 Combined total value = 14,984,110,000,000

Strike 152500 has a total call value of 630,184,000,000 versus a total put value of 14,249,163,000,000 Combined total value = 14,879,347,000,000

Strike 152600 has a total call value of 635,163,000,000 versus a total put value of 14,139,722,000,000 Combined total value = 14,774,885,000,000

Strike 152700 has a total call value of 640,142,000,000 versus a total put value of 14,030,281,000,000 Combined total value = 14,670,423,000,000

Strike 152800 has a total call value of 645,121,000,000 versus a total put value of 13,920,840,000,000 Combined total value = 14,565,961,000,000

Strike 152900 has a total call value of 650,100,000,000 versus a total put value of 13,811,399,000,000 Combined total value = 14,461,499,000,000

Strike 153000 has a total call value of 655,079,000,000 versus a total put value of 13,701,958,000,000 Combined total value = 14,357,037,000,000

Strike 153100 has a total call value of 660,075,000,000 versus a total put value of 13,593,316,000,000 Combined total value = 14,253,391,000,000

Strike 153200 has a total call value of 665,071,000,000 versus a total put value of 13,484,674,000,000 Combined total value = 14,149,745,000,000

Strike 153300 has a total call value of 670,067,000,000 versus a total put value of 13,376,032,000,000 Combined total value = 14,046,099,000,000

Strike 153400 has a total call value of 675,063,000,000 versus a total put value of 13,267,390,000,000 Combined total value = 13,942,453,000,000

Strike 153500 has a total call value of 680,059,000,000 versus a total put value of 13,158,748,000,000 Combined total value = 13,838,807,000,000

Strike 153600 has a total call value of 685,055,000,000 versus a total put value of 13,050,359,000,000 Combined total value = 13,735,414,000,000

Strike 153700 has a total call value of 690,051,000,000 versus a total put value of 12,941,970,000,000 Combined total value = 13,632,021,000,000

Strike 153800 has a total call value of 695,047,000,000 versus a total put value of 12,833,581,000,000 Combined total value = 13,528,628,000,000

Strike 153900 has a total call value of 700,043,000,000 versus a total put value of 12,725,192,000,000 Combined total value = 13,425,235,000,000

Strike 154000 has a total call value of 705,039,000,000 versus a total put value of 12,616,803,000,000 Combined total value = 13,321,842,000,000

Strike 154100 has a total call value of 710,072,000,000 versus a total put value of 12,509,463,000,000 Combined total value = 13,219,535,000,000

Strike 154200 has a total call value of 715,105,000,000 versus a total put value of 12,402,123,000,000 Combined total value = 13,117,228,000,000

Strike 154300 has a total call value of 720,138,000,000 versus a total put value of 12,294,783,000,000 Combined total value = 13,014,921,000,000

Strike 154400 has a total call value of 725,171,000,000 versus a total put value of 12,187,443,000,000 Combined total value = 12,912,614,000,000

Strike 154500 has a total call value of 730,204,000,000 versus a total put value of 12,080,103,000,000 Combined total value = 12,810,307,000,000

Strike 154600 has a total call value of 735,237,000,000 versus a total put value of 11,973,006,000,000 Combined total value = 12,708,243,000,000

Strike 154700 has a total call value of 740,270,000,000 versus a total put value of 11,865,909,000,000 Combined total value = 12,606,179,000,000

Strike 154800 has a total call value of 745,303,000,000 versus a total put value of 11,758,812,000,000 Combined total value = 12,504,115,000,000

Strike 154900 has a total call value of 750,336,000,000 versus a total put value of 11,651,715,000,000 Combined total value = 12,402,051,000,000

Strike 155000 has a total call value of 755,369,000,000 versus a total put value of 11,544,618,000,000 Combined total value = 12,299,987,000,000

Strike 155100 has a total call value of 760,678,000,000 versus a total put value of 11,443,430,000,000 Combined total value = 12,204,108,000,000

Strike 155200 has a total call value of 765,987,000,000 versus a total put value of 11,342,242,000,000 Combined total value = 12,108,229,000,000

Strike 155300 has a total call value of 771,296,000,000 versus a total put value of 11,241,054,000,000 Combined total value = 12,012,350,000,000

Strike 155400 has a total call value of 776,605,000,000 versus a total put value of 11,139,866,000,000 Combined total value = 11,916,471,000,000

Strike 155500 has a total call value of 781,914,000,000 versus a total put value of 11,038,678,000,000 Combined total value = 11,820,592,000,000

Strike 155600 has a total call value of 787,276,000,000 versus a total put value of 10,937,755,000,000 Combined total value = 11,725,031,000,000

Strike 155700 has a total call value of 792,638,000,000 versus a total put value of 10,836,832,000,000 Combined total value = 11,629,470,000,000

Strike 155800 has a total call value of 798,000,000,000 versus a total put value of 10,735,909,000,000 Combined total value = 11,533,909,000,000

Strike 155900 has a total call value of 803,362,000,000 versus a total put value of 10,634,986,000,000 Combined total value = 11,438,348,000,000

Strike 156000 has a total call value of 808,724,000,000 versus a total put value of 10,534,063,000,000 Combined total value = 11,342,787,000,000

Strike 156100 has a total call value of 814,162,000,000 versus a total put value of 10,433,890,000,000 Combined total value = 11,248,052,000,000

Strike 156200 has a total call value of 819,600,000,000 versus a total put value of 10,333,717,000,000 Combined total value = 11,153,317,000,000

Strike 156300 has a total call value of 825,038,000,000 versus a total put value of 10,233,544,000,000 Combined total value = 11,058,582,000,000

Strike 156400 has a total call value of 830,476,000,000 versus a total put value of 10,133,371,000,000 Combined total value = 10,963,847,000,000

Strike 156500 has a total call value of 835,914,000,000 versus a total put value of 10,033,198,000,000 Combined total value = 10,869,112,000,000

Strike 156600 has a total call value of 841,369,000,000 versus a total put value of 9,933,202,000,000 Combined total value = 10,774,571,000,000

Strike 156700 has a total call value of 846,824,000,000 versus a total put value of 9,833,206,000,000 Combined total value = 10,680,030,000,000

Strike 156800 has a total call value of 852,279,000,000 versus a total put value of 9,733,210,000,000 Combined total value = 10,585,489,000,000

Strike 156900 has a total call value of 857,734,000,000 versus a total put value of 9,633,214,000,000 Combined total value = 10,490,948,000,000

Strike 157000 has a total call value of 863,189,000,000 versus a total put value of 9,533,218,000,000 Combined total value = 10,396,407,000,000

Strike 157100 has a total call value of 868,735,000,000 versus a total put value of 9,434,472,000,000 Combined total value = 10,303,207,000,000

Strike 157200 has a total call value of 874,281,000,000 versus a total put value of 9,335,727,000,000 Combined total value = 10,210,008,000,000

Strike 157300 has a total call value of 879,827,000,000 versus a total put value of 9,236,982,000,000 Combined total value = 10,116,809,000,000

Strike 157400 has a total call value of 885,373,000,000 versus a total put value of 9,138,237,000,000 Combined total value = 10,023,610,000,000

Strike 157500 has a total call value of 890,919,000,000 versus a total put value of 9,039,492,000,000 Combined total value = 9,930,411,000,000

Strike 157600 has a total call value of 896,499,000,000 versus a total put value of 8,941,201,000,000 Combined total value = 9,837,700,000,000

Strike 157700 has a total call value of 902,079,000,000 versus a total put value of 8,842,910,000,000 Combined total value = 9,744,989,000,000

Strike 157800 has a total call value of 907,659,000,000 versus a total put value of 8,744,619,000,000 Combined total value = 9,652,278,000,000

Strike 157900 has a total call value of 913,239,000,000 versus a total put value of 8,646,328,000,000 Combined total value = 9,559,567,000,000

Strike 158000 has a total call value of 918,819,000,000 versus a total put value of 8,548,037,000,000 Combined total value = 9,466,856,000,000

Strike 158100 has a total call value of 924,643,000,000 versus a total put value of 8,451,285,000,000 Combined total value = 9,375,928,000,000

Strike 158200 has a total call value of 930,467,000,000 versus a total put value of 8,354,533,000,000 Combined total value = 9,285,000,000,000

Strike 158300 has a total call value of 936,291,000,000 versus a total put value of 8,257,781,000,000 Combined total value = 9,194,072,000,000

Strike 158400 has a total call value of 942,115,000,000 versus a total put value of 8,161,029,000,000 Combined total value = 9,103,144,000,000

Strike 158500 has a total call value of 947,939,000,000 versus a total put value of 8,064,277,000,000 Combined total value = 9,012,216,000,000

Strike 158600 has a total call value of 953,801,000,000 versus a total put value of 7,967,839,000,000 Combined total value = 8,921,640,000,000

Strike 158700 has a total call value of 959,663,000,000 versus a total put value of 7,871,401,000,000 Combined total value = 8,831,064,000,000

Strike 158800 has a total call value of 965,525,000,000 versus a total put value of 7,774,963,000,000 Combined total value = 8,740,488,000,000

Strike 158900 has a total call value of 971,387,000,000 versus a total put value of 7,678,525,000,000 Combined total value = 8,649,912,000,000

Strike 159000 has a total call value of 977,249,000,000 versus a total put value of 7,582,090,000,000 Combined total value = 8,559,339,000,000

Strike 159100 has a total call value of 983,227,000,000 versus a total put value of 7,486,745,000,000 Combined total value = 8,469,972,000,000

Strike 159200 has a total call value of 989,205,000,000 versus a total put value of 7,391,400,000,000 Combined total value = 8,380,605,000,000

Strike 159300 has a total call value of 995,183,000,000 versus a total put value of 7,296,055,000,000 Combined total value = 8,291,238,000,000

Strike 159400 has a total call value of 1,001,161,000,000 versus a total put value of 7,200,710,000,000 Combined total value = 8,201,871,000,000

Strike 159500 has a total call value of 1,007,139,000,000 versus a total put value of 7,105,365,000,000 Combined total value = 8,112,504,000,000

Strike 159600 has a total call value of 1,013,201,000,000 versus a total put value of 7,010,378,000,000 Combined total value = 8,023,579,000,000

Strike 159700 has a total call value of 1,019,263,000,000 versus a total put value of 6,915,391,000,000 Combined total value = 7,934,654,000,000

Strike 159800 has a total call value of 1,025,325,000,000 versus a total put value of 6,820,404,000,000 Combined total value = 7,845,729,000,000

Strike 159900 has a total call value of 1,031,387,000,000 versus a total put value of 6,725,423,000,000 Combined total value = 7,756,810,000,000

Strike 160000 has a total call value of 1,037,449,000,000 versus a total put value of 6,630,442,000,000 Combined total value = 7,667,891,000,000

Strike 160100 has a total call value of 1,043,845,000,000 versus a total put value of 6,547,164,000,000 Combined total value = 7,591,009,000,000

Strike 160200 has a total call value of 1,050,241,000,000 versus a total put value of 6,463,886,000,000 Combined total value = 7,514,127,000,000

Strike 160300 has a total call value of 1,056,637,000,000 versus a total put value of 6,380,608,000,000 Combined total value = 7,437,245,000,000

Strike 160400 has a total call value of 1,063,033,000,000 versus a total put value of 6,297,330,000,000 Combined total value = 7,360,363,000,000

Strike 160500 has a total call value of 1,069,429,000,000 versus a total put value of 6,214,052,000,000 Combined total value = 7,283,481,000,000

Strike 160600 has a total call value of 1,075,890,000,000 versus a total put value of 6,131,841,000,000 Combined total value = 7,207,731,000,000

Strike 160700 has a total call value of 1,082,351,000,000 versus a total put value of 6,049,630,000,000 Combined total value = 7,131,981,000,000

Strike 160800 has a total call value of 1,088,812,000,000 versus a total put value of 5,967,419,000,000 Combined total value = 7,056,231,000,000

Strike 160900 has a total call value of 1,095,273,000,000 versus a total put value of 5,885,208,000,000 Combined total value = 6,980,481,000,000

Strike 161000 has a total call value of 1,101,734,000,000 versus a total put value of 5,802,997,000,000 Combined total value = 6,904,731,000,000

Strike 161100 has a total call value of 1,108,344,000,000 versus a total put value of 5,723,648,000,000 Combined total value = 6,831,992,000,000

Strike 161200 has a total call value of 1,114,954,000,000 versus a total put value of 5,644,299,000,000 Combined total value = 6,759,253,000,000

Strike 161300 has a total call value of 1,121,564,000,000 versus a total put value of 5,564,950,000,000 Combined total value = 6,686,514,000,000

Strike 161400 has a total call value of 1,128,174,000,000 versus a total put value of 5,485,601,000,000 Combined total value = 6,613,775,000,000

Strike 161500 has a total call value of 1,134,784,000,000 versus a total put value of 5,406,252,000,000 Combined total value = 6,541,036,000,000

Strike 161600 has a total call value of 1,141,542,000,000 versus a total put value of 5,327,602,000,000 Combined total value = 6,469,144,000,000

Strike 161700 has a total call value of 1,148,310,000,000 versus a total put value of 5,248,952,000,000 Combined total value = 6,397,262,000,000

Strike 161800 has a total call value of 1,155,210,000,000 versus a total put value of 5,170,419,000,000 Combined total value = 6,325,629,000,000

Strike 161900 has a total call value of 1,162,110,000,000 versus a total put value of 5,091,894,000,000 Combined total value = 6,254,004,000,000

Strike 162000 has a total call value of 1,169,010,000,000 versus a total put value of 5,013,369,000,000 Combined total value = 6,182,379,000,000

Strike 162100 has a total call value of 1,176,190,000,000 versus a total put value of 4,937,414,000,000 Combined total value = 6,113,604,000,000

Strike 162200 has a total call value of 1,183,370,000,000 versus a total put value of 4,861,459,000,000 Combined total value = 6,044,829,000,000

Strike 162300 has a total call value of 1,190,550,000,000 versus a total put value of 4,785,504,000,000 Combined total value = 5,976,054,000,000

Strike 162400 has a total call value of 1,197,730,000,000 versus a total put value of 4,709,549,000,000 Combined total value = 5,907,279,000,000

Strike 162500 has a total call value of 1,204,910,000,000 versus a total put value of 4,633,603,000,000 Combined total value = 5,838,513,000,000

Strike 162600 has a total call value of 1,212,182,000,000 versus a total put value of 4,558,255,000,000 Combined total value = 5,770,437,000,000

Strike 162700 has a total call value of 1,219,454,000,000 versus a total put value of 4,482,907,000,000 Combined total value = 5,702,361,000,000

Strike 162800 has a total call value of 1,226,726,000,000 versus a total put value of 4,407,559,000,000 Combined total value = 5,634,285,000,000

Strike 162900 has a total call value of 1,233,998,000,000 versus a total put value of 4,332,211,000,000 Combined total value = 5,566,209,000,000

Strike 163000 has a total call value of 1,241,270,000,000 versus a total put value of 4,256,863,000,000 Combined total value = 5,498,133,000,000

Strike 163100 has a total call value of 1,249,286,000,000 versus a total put value of 4,184,895,000,000 Combined total value = 5,434,181,000,000

Strike 163200 has a total call value of 1,257,302,000,000 versus a total put value of 4,112,927,000,000 Combined total value = 5,370,229,000,000

Strike 163300 has a total call value of 1,265,318,000,000 versus a total put value of 4,040,959,000,000 Combined total value = 5,306,277,000,000

Strike 163400 has a total call value of 1,273,334,000,000 versus a total put value of 3,968,994,000,000 Combined total value = 5,242,328,000,000

Strike 163500 has a total call value of 1,281,350,000,000 versus a total put value of 3,897,035,000,000 Combined total value = 5,178,385,000,000

Strike 163600 has a total call value of 1,290,091,000,000 versus a total put value of 3,827,175,000,000 Combined total value = 5,117,266,000,000

Strike 163700 has a total call value of 1,299,007,000,000 versus a total put value of 3,757,462,000,000 Combined total value = 5,056,469,000,000

Strike 163800 has a total call value of 1,308,388,000,000 versus a total put value of 3,690,057,000,000 Combined total value = 4,998,445,000,000

Strike 163900 has a total call value of 1,317,769,000,000 versus a total put value of 3,622,652,000,000 Combined total value = 4,940,421,000,000

Strike 164000 has a total call value of 1,327,150,000,000 versus a total put value of 3,555,247,000,000 Combined total value = 4,882,397,000,000

Strike 164100 has a total call value of 1,336,545,000,000 versus a total put value of 3,490,317,000,000 Combined total value = 4,826,862,000,000

Strike 164200 has a total call value of 1,345,940,000,000 versus a total put value of 3,425,387,000,000 Combined total value = 4,771,327,000,000

Strike 164300 has a total call value of 1,355,335,000,000 versus a total put value of 3,360,457,000,000 Combined total value = 4,715,792,000,000

Strike 164400 has a total call value of 1,364,730,000,000 versus a total put value of 3,295,527,000,000 Combined total value = 4,660,257,000,000

Strike 164500 has a total call value of 1,374,125,000,000 versus a total put value of 3,230,597,000,000 Combined total value = 4,604,722,000,000

Strike 164600 has a total call value of 1,383,521,000,000 versus a total put value of 3,165,850,000,000 Combined total value = 4,549,371,000,000

Strike 164700 has a total call value of 1,392,917,000,000 versus a total put value of 3,101,103,000,000 Combined total value = 4,494,020,000,000

Strike 164800 has a total call value of 1,402,313,000,000 versus a total put value of 3,036,356,000,000 Combined total value = 4,438,669,000,000

Strike 164900 has a total call value of 1,411,709,000,000 versus a total put value of 2,971,609,000,000 Combined total value = 4,383,318,000,000

Strike 165000 has a total call value of 1,421,105,000,000 versus a total put value of 2,906,862,000,000 Combined total value = 4,327,967,000,000

Strike 165100 has a total call value of 1,430,584,000,000 versus a total put value of 2,852,306,000,000 Combined total value = 4,282,890,000,000

Strike 165200 has a total call value of 1,440,063,000,000 versus a total put value of 2,797,750,000,000 Combined total value = 4,237,813,000,000

Strike 165300 has a total call value of 1,449,542,000,000 versus a total put value of 2,743,194,000,000 Combined total value = 4,192,736,000,000

Strike 165400 has a total call value of 1,459,021,000,000 versus a total put value of 2,688,638,000,000 Combined total value = 4,147,659,000,000

Strike 165500 has a total call value of 1,468,500,000,000 versus a total put value of 2,634,082,000,000 Combined total value = 4,102,582,000,000

Strike 165600 has a total call value of 1,477,981,000,000 versus a total put value of 2,579,603,000,000 Combined total value = 4,057,584,000,000

Strike 165700 has a total call value of 1,487,462,000,000 versus a total put value of 2,525,124,000,000 Combined total value = 4,012,586,000,000

Strike 165800 has a total call value of 1,496,943,000,000 versus a total put value of 2,470,645,000,000 Combined total value = 3,967,588,000,000

Strike 165900 has a total call value of 1,506,424,000,000 versus a total put value of 2,416,166,000,000 Combined total value = 3,922,590,000,000

Strike 166000 has a total call value of 1,515,905,000,000 versus a total put value of 2,361,687,000,000 Combined total value = 3,877,592,000,000

Strike 166100 has a total call value of 1,525,412,000,000 versus a total put value of 2,309,038,000,000 Combined total value = 3,834,450,000,000

Strike 166200 has a total call value of 1,534,919,000,000 versus a total put value of 2,256,394,000,000 Combined total value = 3,791,313,000,000

Strike 166300 has a total call value of 1,544,426,000,000 versus a total put value of 2,203,750,000,000 Combined total value = 3,748,176,000,000

Strike 166400 has a total call value of 1,553,933,000,000 versus a total put value of 2,151,106,000,000 Combined total value = 3,705,039,000,000

Strike 166500 has a total call value of 1,563,440,000,000 versus a total put value of 2,098,462,000,000 Combined total value = 3,661,902,000,000

Strike 166600 has a total call value of 1,572,949,000,000 versus a total put value of 2,046,082,000,000 Combined total value = 3,619,031,000,000

Strike 166700 has a total call value of 1,582,458,000,000 versus a total put value of 1,993,702,000,000 Combined total value = 3,576,160,000,000

Strike 166800 has a total call value of 1,591,967,000,000 versus a total put value of 1,941,322,000,000 Combined total value = 3,533,289,000,000

Strike 166900 has a total call value of 1,601,476,000,000 versus a total put value of 1,888,942,000,000 Combined total value = 3,490,418,000,000

Strike 167000 has a total call value of 1,610,985,000,000 versus a total put value of 1,836,562,000,000 Combined total value = 3,447,547,000,000

Strike 167100 has a total call value of 1,620,526,000,000 versus a total put value of 1,787,205,000,000 Combined total value = 3,407,731,000,000

Strike 167200 has a total call value of 1,630,067,000,000 versus a total put value of 1,737,848,000,000 Combined total value = 3,367,915,000,000

Strike 167300 has a total call value of 1,639,608,000,000 versus a total put value of 1,688,491,000,000 Combined total value = 3,328,099,000,000

Strike 167400 has a total call value of 1,649,149,000,000 versus a total put value of 1,639,134,000,000 Combined total value = 3,288,283,000,000

Strike 167500 has a total call value of 1,658,690,000,000 versus a total put value of 1,589,777,000,000 Combined total value = 3,248,467,000,000

Strike 167600 has a total call value of 1,668,232,000,000 versus a total put value of 1,541,398,000,000 Combined total value = 3,209,630,000,000

Strike 167700 has a total call value of 1,677,774,000,000 versus a total put value of 1,493,019,000,000 Combined total value = 3,170,793,000,000

Strike 167800 has a total call value of 1,687,316,000,000 versus a total put value of 1,444,640,000,000 Combined total value = 3,131,956,000,000

Strike 167900 has a total call value of 1,696,858,000,000 versus a total put value of 1,396,261,000,000 Combined total value = 3,093,119,000,000

Strike 168000 has a total call value of 1,706,400,000,000 versus a total put value of 1,347,882,000,000 Combined total value = 3,054,282,000,000

Strike 168100 has a total call value of 1,715,974,000,000 versus a total put value of 1,303,714,000,000 Combined total value = 3,019,688,000,000

Strike 168200 has a total call value of 1,725,548,000,000 versus a total put value of 1,259,546,000,000 Combined total value = 2,985,094,000,000

Strike 168300 has a total call value of 1,735,122,000,000 versus a total put value of 1,215,378,000,000 Combined total value = 2,950,500,000,000

Strike 168400 has a total call value of 1,744,696,000,000 versus a total put value of 1,171,210,000,000 Combined total value = 2,915,906,000,000

Strike 168500 has a total call value of 1,754,270,000,000 versus a total put value of 1,127,042,000,000 Combined total value = 2,881,312,000,000

Strike 168600 has a total call value of 1,763,844,000,000 versus a total put value of 1,083,680,000,000 Combined total value = 2,847,524,000,000

Strike 168700 has a total call value of 1,773,418,000,000 versus a total put value of 1,040,318,000,000 Combined total value = 2,813,736,000,000

Strike 168800 has a total call value of 1,782,992,000,000 versus a total put value of 996,956,000,000 Combined total value = 2,779,948,000,000

Strike 168900 has a total call value of 1,792,566,000,000 versus a total put value of 953,594,000,000 Combined total value = 2,746,160,000,000

Strike 169000 has a total call value of 1,802,140,000,000 versus a total put value of 910,232,000,000 Combined total value = 2,712,372,000,000

Strike 169100 has a total call value of 1,811,727,000,000 versus a total put value of 870,947,000,000 Combined total value = 2,682,674,000,000

Strike 169200 has a total call value of 1,821,314,000,000 versus a total put value of 831,662,000,000 Combined total value = 2,652,976,000,000

Strike 169300 has a total call value of 1,830,901,000,000 versus a total put value of 792,377,000,000 Combined total value = 2,623,278,000,000

Strike 169400 has a total call value of 1,840,488,000,000 versus a total put value of 753,092,000,000 Combined total value = 2,593,580,000,000

Strike 169500 has a total call value of 1,850,075,000,000 versus a total put value of 713,807,000,000 Combined total value = 2,563,882,000,000

Strike 169600 has a total call value of 1,859,664,000,000 versus a total put value of 675,437,000,000 Combined total value = 2,535,101,000,000

Strike 169700 has a total call value of 1,869,253,000,000 versus a total put value of 637,067,000,000 Combined total value = 2,506,320,000,000

Strike 169800 has a total call value of 1,878,842,000,000 versus a total put value of 598,697,000,000 Combined total value = 2,477,539,000,000

Strike 169900 has a total call value of 1,888,431,000,000 versus a total put value of 560,327,000,000 Combined total value = 2,448,758,000,000

Strike 170000 has a total call value of 1,898,020,000,000 versus a total put value of 521,958,000,000 Combined total value = 2,419,978,000,000

Strike 170100 has a total call value of 1,908,703,000,000 versus a total put value of 492,637,000,000 Combined total value = 2,401,340,000,000

Strike 170200 has a total call value of 1,919,386,000,000 versus a total put value of 463,316,000,000 Combined total value = 2,382,702,000,000

Strike 170300 has a total call value of 1,930,069,000,000 versus a total put value of 433,995,000,000 Combined total value = 2,364,064,000,000

Strike 170400 has a total call value of 1,940,752,000,000 versus a total put value of 404,674,000,000 Combined total value = 2,345,426,000,000

Strike 170500 has a total call value of 1,951,435,000,000 versus a total put value of 375,353,000,000 Combined total value = 2,326,788,000,000

Strike 170600 has a total call value of 1,962,152,000,000 versus a total put value of 347,810,000,000 Combined total value = 2,309,962,000,000

Strike 170700 has a total call value of 1,972,869,000,000 versus a total put value of 320,267,000,000 Combined total value = 2,293,136,000,000

Strike 170800 has a total call value of 1,983,586,000,000 versus a total put value of 292,740,000,000 Combined total value = 2,276,326,000,000

Strike 170900 has a total call value of 1,994,303,000,000 versus a total put value of 265,213,000,000 Combined total value = 2,259,516,000,000

Strike 171000 has a total call value of 2,005,021,000,000 versus a total put value of 237,686,000,000 Combined total value = 2,242,707,000,000

Strike 171100 has a total call value of 2,015,993,000,000 versus a total put value of 213,334,000,000 Combined total value = 2,229,327,000,000

Strike 171200 has a total call value of 2,026,967,000,000 versus a total put value of 188,982,000,000 Combined total value = 2,215,949,000,000

Strike 171300 has a total call value of 2,037,941,000,000 versus a total put value of 164,630,000,000 Combined total value = 2,202,571,000,000

Strike 171400 has a total call value of 2,048,918,000,000 versus a total put value of 140,278,000,000 Combined total value = 2,189,196,000,000

Strike 171500 has a total call value of 2,059,899,000,000 versus a total put value of 115,926,000,000 Combined total value = 2,175,825,000,000

Strike 171600 has a total call value of 2,071,021,000,000 versus a total put value of 94,082,000,000 Combined total value = 2,165,103,000,000

Strike 171700 has a total call value of 2,082,148,000,000 versus a total put value of 72,252,000,000 Combined total value = 2,154,400,000,000

Strike 171800 has a total call value of 2,093,288,000,000 versus a total put value of 50,422,000,000 Combined total value = 2,143,710,000,000

Strike 171900 has a total call value of 2,104,434,000,000 versus a total put value of 28,592,000,000 Combined total value = 2,133,026,000,000

Strike 172000 has a total call value of 2,115,589,000,000 versus a total put value of 6,774,000,000 Combined total value = 2,122,363,000,000

Strike 172100 has a total call value of 2,129,867,000,000 versus a total put value of 0 Combined total value = 2,129,867,000,000

Max-Pain Table for Commodity

Stock Max-Pain Index Max-Pain

LTP > Max Pain Bearish

LTP < Max Pain Bullish

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.

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