OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
18 Sep 2024 04:13 PM IST
Max Pain for OFSS is 11500
Strike 8400 has a total call value of 0 versus a total put value of 303,701,000,000 Combined total value = 303,701,000,000
Strike 8500 has a total call value of 0 versus a total put value of 292,409,000,000 Combined total value = 292,409,000,000
Strike 8600 has a total call value of 0 versus a total put value of 281,117,000,000 Combined total value = 281,117,000,000
Strike 8700 has a total call value of 0 versus a total put value of 269,825,000,000 Combined total value = 269,825,000,000
Strike 8800 has a total call value of 0 versus a total put value of 258,533,000,000 Combined total value = 258,533,000,000
Strike 8900 has a total call value of 0 versus a total put value of 247,241,000,000 Combined total value = 247,241,000,000
Strike 9000 has a total call value of 0 versus a total put value of 235,949,000,000 Combined total value = 235,949,000,000
Strike 9100 has a total call value of 0 versus a total put value of 224,781,000,000 Combined total value = 224,781,000,000
Strike 9200 has a total call value of 0 versus a total put value of 213,613,000,000 Combined total value = 213,613,000,000
Strike 9300 has a total call value of 0 versus a total put value of 202,445,000,000 Combined total value = 202,445,000,000
Strike 9400 has a total call value of 0 versus a total put value of 191,277,000,000 Combined total value = 191,277,000,000
Strike 9500 has a total call value of 0 versus a total put value of 180,132,000,000 Combined total value = 180,132,000,000
Strike 9600 has a total call value of 0 versus a total put value of 169,364,000,000 Combined total value = 169,364,000,000
Strike 9700 has a total call value of 0 versus a total put value of 158,603,000,000 Combined total value = 158,603,000,000
Strike 9800 has a total call value of 0 versus a total put value of 147,855,000,000 Combined total value = 147,855,000,000
Strike 9900 has a total call value of 0 versus a total put value of 137,162,000,000 Combined total value = 137,162,000,000
Strike 10000 has a total call value of 0 versus a total put value of 126,503,000,000 Combined total value = 126,503,000,000
Strike 10100 has a total call value of 7,000,000 versus a total put value of 117,019,000,000 Combined total value = 117,026,000,000
Strike 10200 has a total call value of 14,000,000 versus a total put value of 107,569,000,000 Combined total value = 107,583,000,000
Strike 10300 has a total call value of 21,000,000 versus a total put value of 98,292,000,000 Combined total value = 98,313,000,000
Strike 10400 has a total call value of 28,000,000 versus a total put value of 89,159,000,000 Combined total value = 89,187,000,000
Strike 10500 has a total call value of 42,000,000 versus a total put value of 80,130,000,000 Combined total value = 80,172,000,000
Strike 10600 has a total call value of 96,000,000 versus a total put value of 71,837,000,000 Combined total value = 71,933,000,000
Strike 10700 has a total call value of 153,000,000 versus a total put value of 63,700,000,000 Combined total value = 63,853,000,000
Strike 10800 has a total call value of 210,000,000 versus a total put value of 55,713,000,000 Combined total value = 55,923,000,000
Strike 10900 has a total call value of 316,000,000 versus a total put value of 48,055,000,000 Combined total value = 48,371,000,000
Strike 11000 has a total call value of 531,000,000 versus a total put value of 40,679,000,000 Combined total value = 41,210,000,000
Strike 11100 has a total call value of 1,561,000,000 versus a total put value of 34,878,000,000 Combined total value = 36,439,000,000
Strike 11200 has a total call value of 2,841,000,000 versus a total put value of 29,440,000,000 Combined total value = 32,281,000,000
Strike 11300 has a total call value of 4,610,000,000 versus a total put value of 24,557,000,000 Combined total value = 29,167,000,000
Strike 11400 has a total call value of 7,052,000,000 versus a total put value of 20,326,000,000 Combined total value = 27,378,000,000
Strike 11500 has a total call value of 10,013,000,000 versus a total put value of 16,469,000,000 Combined total value = 26,482,000,000
Strike 11600 has a total call value of 14,844,000,000 versus a total put value of 13,607,000,000 Combined total value = 28,451,000,000
Strike 11700 has a total call value of 20,379,000,000 versus a total put value of 10,974,000,000 Combined total value = 31,353,000,000
Strike 11800 has a total call value of 26,817,000,000 versus a total put value of 8,636,000,000 Combined total value = 35,453,000,000
Strike 11900 has a total call value of 34,282,000,000 versus a total put value of 6,577,000,000 Combined total value = 40,859,000,000
Strike 12000 has a total call value of 42,389,000,000 versus a total put value of 4,700,000,000 Combined total value = 47,089,000,000
Strike 12100 has a total call value of 54,331,000,000 versus a total put value of 3,340,000,000 Combined total value = 57,671,000,000
Strike 12200 has a total call value of 66,897,000,000 versus a total put value of 2,102,000,000 Combined total value = 68,999,000,000
Strike 12300 has a total call value of 80,687,000,000 versus a total put value of 1,146,000,000 Combined total value = 81,833,000,000
Strike 12400 has a total call value of 95,602,000,000 versus a total put value of 546,000,000 Combined total value = 96,148,000,000
Strike 12500 has a total call value of 111,650,000,000 versus a total put value of 122,000,000 Combined total value = 111,772,000,000
Strike 12600 has a total call value of 131,346,000,000 versus a total put value of 0 Combined total value = 131,346,000,000
Strike 12700 has a total call value of 152,964,000,000 versus a total put value of 0 Combined total value = 152,964,000,000
Strike 12800 has a total call value of 175,500,000,000 versus a total put value of 0 Combined total value = 175,500,000,000
Strike 12900 has a total call value of 198,738,000,000 versus a total put value of 0 Combined total value = 198,738,000,000
Strike 13000 has a total call value of 222,280,000,000 versus a total put value of 0 Combined total value = 222,280,000,000
Strike 13100 has a total call value of 248,034,000,000 versus a total put value of 0 Combined total value = 248,034,000,000
Strike 13200 has a total call value of 274,055,000,000 versus a total put value of 0 Combined total value = 274,055,000,000
Strike 13300 has a total call value of 300,344,000,000 versus a total put value of 0 Combined total value = 300,344,000,000
Strike 13400 has a total call value of 326,856,000,000 versus a total put value of 0 Combined total value = 326,856,000,000
Strike 13500 has a total call value of 353,480,000,000 versus a total put value of 0 Combined total value = 353,480,000,000
Strike 13600 has a total call value of 381,167,000,000 versus a total put value of 0 Combined total value = 381,167,000,000
Strike 13700 has a total call value of 408,930,000,000 versus a total put value of 0 Combined total value = 408,930,000,000
Strike 13800 has a total call value of 436,762,000,000 versus a total put value of 0 Combined total value = 436,762,000,000
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.