OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
06 Sep 2024 04:13 PM IST
Max Pain for OFSS is 11000
Strike 9000 has a total call value of 0 versus a total put value of 106,361,000,000 Combined total value = 106,361,000,000
Strike 9100 has a total call value of 0 versus a total put value of 100,152,000,000 Combined total value = 100,152,000,000
Strike 9200 has a total call value of 0 versus a total put value of 93,943,000,000 Combined total value = 93,943,000,000
Strike 9300 has a total call value of 0 versus a total put value of 87,734,000,000 Combined total value = 87,734,000,000
Strike 9400 has a total call value of 0 versus a total put value of 81,525,000,000 Combined total value = 81,525,000,000
Strike 9500 has a total call value of 0 versus a total put value of 75,316,000,000 Combined total value = 75,316,000,000
Strike 9600 has a total call value of 0 versus a total put value of 69,219,000,000 Combined total value = 69,219,000,000
Strike 9700 has a total call value of 0 versus a total put value of 63,132,000,000 Combined total value = 63,132,000,000
Strike 9800 has a total call value of 0 versus a total put value of 57,063,000,000 Combined total value = 57,063,000,000
Strike 9900 has a total call value of 0 versus a total put value of 51,161,000,000 Combined total value = 51,161,000,000
Strike 10000 has a total call value of 0 versus a total put value of 45,293,000,000 Combined total value = 45,293,000,000
Strike 10100 has a total call value of 12,000,000 versus a total put value of 40,350,000,000 Combined total value = 40,362,000,000
Strike 10200 has a total call value of 24,000,000 versus a total put value of 35,407,000,000 Combined total value = 35,431,000,000
Strike 10300 has a total call value of 36,000,000 versus a total put value of 30,642,000,000 Combined total value = 30,678,000,000
Strike 10400 has a total call value of 48,000,000 versus a total put value of 26,046,000,000 Combined total value = 26,094,000,000
Strike 10500 has a total call value of 60,000,000 versus a total put value of 21,533,000,000 Combined total value = 21,593,000,000
Strike 10600 has a total call value of 150,000,000 versus a total put value of 17,712,000,000 Combined total value = 17,862,000,000
Strike 10700 has a total call value of 240,000,000 versus a total put value of 13,991,000,000 Combined total value = 14,231,000,000
Strike 10800 has a total call value of 371,000,000 versus a total put value of 10,389,000,000 Combined total value = 10,760,000,000
Strike 10900 has a total call value of 605,000,000 versus a total put value of 7,202,000,000 Combined total value = 7,807,000,000
Strike 11000 has a total call value of 1,064,000,000 versus a total put value of 4,250,000,000 Combined total value = 5,314,000,000
Strike 11100 has a total call value of 3,146,000,000 versus a total put value of 2,889,000,000 Combined total value = 6,035,000,000
Strike 11200 has a total call value of 5,585,000,000 versus a total put value of 1,745,000,000 Combined total value = 7,330,000,000
Strike 11300 has a total call value of 8,592,000,000 versus a total put value of 1,004,000,000 Combined total value = 9,596,000,000
Strike 11400 has a total call value of 12,248,000,000 versus a total put value of 535,000,000 Combined total value = 12,783,000,000
Strike 11500 has a total call value of 16,238,000,000 versus a total put value of 201,000,000 Combined total value = 16,439,000,000
Strike 11600 has a total call value of 21,678,000,000 versus a total put value of 116,000,000 Combined total value = 21,794,000,000
Strike 11700 has a total call value of 27,591,000,000 versus a total put value of 87,000,000 Combined total value = 27,678,000,000
Strike 11800 has a total call value of 33,760,000,000 versus a total put value of 58,000,000 Combined total value = 33,818,000,000
Strike 11900 has a total call value of 40,361,000,000 versus a total put value of 29,000,000 Combined total value = 40,390,000,000
Strike 12000 has a total call value of 47,068,000,000 versus a total put value of 0 Combined total value = 47,068,000,000
Strike 12100 has a total call value of 55,049,000,000 versus a total put value of 0 Combined total value = 55,049,000,000
Strike 12200 has a total call value of 63,098,000,000 versus a total put value of 0 Combined total value = 63,098,000,000
Strike 12300 has a total call value of 71,498,000,000 versus a total put value of 0 Combined total value = 71,498,000,000
Strike 12400 has a total call value of 79,898,000,000 versus a total put value of 0 Combined total value = 79,898,000,000
Strike 12500 has a total call value of 88,738,000,000 versus a total put value of 0 Combined total value = 88,738,000,000
Strike 12600 has a total call value of 97,804,000,000 versus a total put value of 0 Combined total value = 97,804,000,000
Strike 12700 has a total call value of 107,572,000,000 versus a total put value of 0 Combined total value = 107,572,000,000
Strike 12800 has a total call value of 117,340,000,000 versus a total put value of 0 Combined total value = 117,340,000,000
Strike 12900 has a total call value of 127,112,000,000 versus a total put value of 0 Combined total value = 127,112,000,000
Strike 13000 has a total call value of 136,885,000,000 versus a total put value of 0 Combined total value = 136,885,000,000
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:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- 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.