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NATURALGAS
Natural Gas

133.8 -5.89 (-4.22%)


Strike  110  has a total call value of 0  versus a total put value of  177,866,875,000 Combined total value = 177,866,875,000

Strike  115  has a total call value of 11,250,000  versus a total put value of  154,613,750,000 Combined total value = 154,625,000,000

Strike  120  has a total call value of 32,500,000  versus a total put value of  132,203,125,000 Combined total value = 132,235,625,000

Strike  125  has a total call value of 396,875,000  versus a total put value of  111,816,875,000 Combined total value = 112,213,750,000

Strike  130  has a total call value of 1,077,500,000  versus a total put value of  92,711,250,000 Combined total value = 93,788,750,000

Strike  135  has a total call value of 2,870,000,000  versus a total put value of  76,838,125,000 Combined total value = 79,708,125,000

Strike  140  has a total call value of 5,801,250,000  versus a total put value of  63,973,125,000 Combined total value = 69,774,375,000

Strike  145  has a total call value of 12,595,000,000  versus a total put value of  54,296,875,000 Combined total value = 66,891,875,000

Strike  150  has a total call value of 23,635,625,000  versus a total put value of  45,585,625,000 Combined total value = 69,221,250,000

Strike  155  has a total call value of 42,091,875,000  versus a total put value of  38,773,750,000 Combined total value = 80,865,625,000

Strike  160  has a total call value of 64,409,375,000  versus a total put value of  32,176,250,000 Combined total value = 96,585,625,000

Strike  165  has a total call value of 91,429,375,000  versus a total put value of  26,767,500,000 Combined total value = 118,196,875,000

Strike  170  has a total call value of 121,598,750,000  versus a total put value of  21,518,125,000 Combined total value = 143,116,875,000

Strike  175  has a total call value of 157,788,125,000  versus a total put value of  17,700,000,000 Combined total value = 175,488,125,000

Strike  180  has a total call value of 197,162,500,000  versus a total put value of  14,106,875,000 Combined total value = 211,269,375,000

Strike  185  has a total call value of 244,051,875,000  versus a total put value of  12,006,250,000 Combined total value = 256,058,125,000

Strike  190  has a total call value of 292,490,000,000  versus a total put value of  9,994,375,000 Combined total value = 302,484,375,000

Strike  195  has a total call value of 344,616,250,000  versus a total put value of  8,522,500,000 Combined total value = 353,138,750,000

Strike  200  has a total call value of 397,472,500,000  versus a total put value of  7,075,000,000 Combined total value = 404,547,500,000

Strike  205  has a total call value of 457,006,250,000  versus a total put value of  5,943,750,000 Combined total value = 462,950,000,000

Strike  210  has a total call value of 517,137,500,000  versus a total put value of  4,812,500,000 Combined total value = 521,950,000,000

Strike  215  has a total call value of 581,873,125,000  versus a total put value of  3,681,250,000 Combined total value = 585,554,375,000

Strike  220  has a total call value of 647,213,750,000  versus a total put value of  2,550,000,000 Combined total value = 649,763,750,000

Strike  225  has a total call value of 716,438,750,000  versus a total put value of  1,819,375,000 Combined total value = 718,258,125,000

Strike  230  has a total call value of 786,410,625,000  versus a total put value of  1,092,500,000 Combined total value = 787,503,125,000

Strike  235  has a total call value of 858,480,625,000  versus a total put value of  580,000,000 Combined total value = 859,060,625,000

Strike  240  has a total call value of 930,550,625,000  versus a total put value of  67,500,000 Combined total value = 930,618,125,000

Strike  245  has a total call value of 1,005,330,625,000  versus a total put value of  33,750,000 Combined total value = 1,005,364,375,000

Strike  250  has a total call value of 1,080,110,625,000  versus a total put value of  0 Combined total value = 1,080,110,625,000

Strike  255  has a total call value of 1,158,823,125,000  versus a total put value of  0 Combined total value = 1,158,823,125,000

Strike  260  has a total call value of 1,237,535,625,000  versus a total put value of  0 Combined total value = 1,237,535,625,000

Strike  265  has a total call value of 1,316,248,125,000  versus a total put value of  0 Combined total value = 1,316,248,125,000

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.