84.9 -0.35 (-0.41%)

Strike  75  has a total call value of 0  versus a total put value of  35,910,000,000 Combined total value = 35,910,000,000

Strike  76  has a total call value of 12,000,000  versus a total put value of  32,049,750,000 Combined total value = 32,061,750,000

Strike  77  has a total call value of 24,000,000  versus a total put value of  28,189,500,000 Combined total value = 28,213,500,000

Strike  78  has a total call value of 36,000,000  versus a total put value of  24,438,750,000 Combined total value = 24,474,750,000

Strike  79  has a total call value of 48,000,000  versus a total put value of  20,808,000,000 Combined total value = 20,856,000,000

Strike  80  has a total call value of 60,000,000  versus a total put value of  17,274,000,000 Combined total value = 17,334,000,000

Strike  81  has a total call value of 156,750,000  versus a total put value of  14,266,500,000 Combined total value = 14,423,250,000

Strike  82  has a total call value of 288,750,000  versus a total put value of  11,398,500,000 Combined total value = 11,687,250,000

Strike  83  has a total call value of 498,750,000  versus a total put value of  8,958,750,000 Combined total value = 9,457,500,000

Strike  84  has a total call value of 975,750,000  versus a total put value of  6,861,000,000 Combined total value = 7,836,750,000

Strike  85  has a total call value of 1,905,000,000  versus a total put value of  5,361,750,000 Combined total value = 7,266,750,000

Strike  86  has a total call value of 3,967,500,000  versus a total put value of  4,329,750,000 Combined total value = 8,297,250,000

Strike  87  has a total call value of 6,474,000,000  versus a total put value of  3,420,000,000 Combined total value = 9,894,000,000

Strike  88  has a total call value of 9,645,750,000  versus a total put value of  2,622,000,000 Combined total value = 12,267,750,000

Strike  89  has a total call value of 13,295,250,000  versus a total put value of  1,922,250,000 Combined total value = 15,217,500,000

Strike  90  has a total call value of 17,180,250,000  versus a total put value of  1,272,000,000 Combined total value = 18,452,250,000

Strike  91  has a total call value of 23,340,750,000  versus a total put value of  960,000,000 Combined total value = 24,300,750,000

Strike  92  has a total call value of 29,667,750,000  versus a total put value of  727,500,000 Combined total value = 30,395,250,000

Strike  93  has a total call value of 36,387,750,000  versus a total put value of  549,750,000 Combined total value = 36,937,500,000

Strike  94  has a total call value of 43,365,750,000  versus a total put value of  402,750,000 Combined total value = 43,768,500,000

Strike  95  has a total call value of 50,442,750,000  versus a total put value of  263,250,000 Combined total value = 50,706,000,000

Strike  96  has a total call value of 58,699,500,000  versus a total put value of  216,750,000 Combined total value = 58,916,250,000

Strike  97  has a total call value of 67,059,750,000  versus a total put value of  170,250,000 Combined total value = 67,230,000,000

Strike  98  has a total call value of 75,495,000,000  versus a total put value of  126,000,000 Combined total value = 75,621,000,000

Strike  99  has a total call value of 84,014,250,000  versus a total put value of  81,750,000 Combined total value = 84,096,000,000

Strike  100  has a total call value of 92,533,500,000  versus a total put value of  37,500,000 Combined total value = 92,571,000,000

Strike  101  has a total call value of 102,066,000,000  versus a total put value of  30,000,000 Combined total value = 102,096,000,000

Strike  102  has a total call value of 111,598,500,000  versus a total put value of  22,500,000 Combined total value = 111,621,000,000

Strike  103  has a total call value of 121,131,000,000  versus a total put value of  15,000,000 Combined total value = 121,146,000,000

Strike  104  has a total call value of 130,663,500,000  versus a total put value of  7,500,000 Combined total value = 130,671,000,000

Strike  105  has a total call value of 140,196,000,000  versus a total put value of  0 Combined total value = 140,196,000,000

Max Pain - Choose a symbol

What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.