OFSS
ORACLE FIN SERV SOFT LTD.
Max pain for OFSS
26 Jul 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 51,117,000,000 Combined total value = 51,117,000,000
Strike 9100 has a total call value of 0 versus a total put value of 47,794,000,000 Combined total value = 47,794,000,000
Strike 9200 has a total call value of 0 versus a total put value of 44,471,000,000 Combined total value = 44,471,000,000
Strike 9300 has a total call value of 0 versus a total put value of 41,148,000,000 Combined total value = 41,148,000,000
Strike 9400 has a total call value of 0 versus a total put value of 37,825,000,000 Combined total value = 37,825,000,000
Strike 9500 has a total call value of 0 versus a total put value of 34,502,000,000 Combined total value = 34,502,000,000
Strike 9600 has a total call value of 0 versus a total put value of 31,358,000,000 Combined total value = 31,358,000,000
Strike 9700 has a total call value of 0 versus a total put value of 28,214,000,000 Combined total value = 28,214,000,000
Strike 9800 has a total call value of 0 versus a total put value of 25,070,000,000 Combined total value = 25,070,000,000
Strike 9900 has a total call value of 0 versus a total put value of 21,987,000,000 Combined total value = 21,987,000,000
Strike 10000 has a total call value of 0 versus a total put value of 18,904,000,000 Combined total value = 18,904,000,000
Strike 10100 has a total call value of 303,000,000 versus a total put value of 16,661,000,000 Combined total value = 16,964,000,000
Strike 10200 has a total call value of 606,000,000 versus a total put value of 14,428,000,000 Combined total value = 15,034,000,000
Strike 10300 has a total call value of 909,000,000 versus a total put value of 12,210,000,000 Combined total value = 13,119,000,000
Strike 10400 has a total call value of 1,212,000,000 versus a total put value of 10,019,000,000 Combined total value = 11,231,000,000
Strike 10500 has a total call value of 1,515,000,000 versus a total put value of 7,860,000,000 Combined total value = 9,375,000,000
Strike 10600 has a total call value of 1,866,000,000 versus a total put value of 6,398,000,000 Combined total value = 8,264,000,000
Strike 10700 has a total call value of 2,217,000,000 versus a total put value of 4,992,000,000 Combined total value = 7,209,000,000
Strike 10800 has a total call value of 2,568,000,000 versus a total put value of 3,647,000,000 Combined total value = 6,215,000,000
Strike 10900 has a total call value of 2,927,000,000 versus a total put value of 2,399,000,000 Combined total value = 5,326,000,000
Strike 11000 has a total call value of 3,307,000,000 versus a total put value of 1,193,000,000 Combined total value = 4,500,000,000
Strike 11100 has a total call value of 4,376,000,000 versus a total put value of 776,000,000 Combined total value = 5,152,000,000
Strike 11200 has a total call value of 5,671,000,000 versus a total put value of 434,000,000 Combined total value = 6,105,000,000
Strike 11300 has a total call value of 7,528,000,000 versus a total put value of 225,000,000 Combined total value = 7,753,000,000
Strike 11400 has a total call value of 9,731,000,000 versus a total put value of 113,000,000 Combined total value = 9,844,000,000
Strike 11500 has a total call value of 12,106,000,000 versus a total put value of 66,000,000 Combined total value = 12,172,000,000
Strike 11600 has a total call value of 15,398,000,000 versus a total put value of 54,000,000 Combined total value = 15,452,000,000
Strike 11700 has a total call value of 18,760,000,000 versus a total put value of 42,000,000 Combined total value = 18,802,000,000
Strike 11800 has a total call value of 22,149,000,000 versus a total put value of 30,000,000 Combined total value = 22,179,000,000
Strike 11900 has a total call value of 25,597,000,000 versus a total put value of 18,000,000 Combined total value = 25,615,000,000
Strike 12000 has a total call value of 29,060,000,000 versus a total put value of 6,000,000 Combined total value = 29,066,000,000
Strike 12100 has a total call value of 33,792,000,000 versus a total put value of 4,000,000 Combined total value = 33,796,000,000
Strike 12200 has a total call value of 38,546,000,000 versus a total put value of 2,000,000 Combined total value = 38,548,000,000
Strike 12300 has a total call value of 43,435,000,000 versus a total put value of 0 Combined total value = 43,435,000,000
Strike 12400 has a total call value of 48,341,000,000 versus a total put value of 0 Combined total value = 48,341,000,000
Strike 12500 has a total call value of 53,253,000,000 versus a total put value of 0 Combined total value = 53,253,000,000
Strike 12600 has a total call value of 58,732,000,000 versus a total put value of 0 Combined total value = 58,732,000,000
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.