OFSS
Oracle Fin Serv Soft Ltd.
Max pain for OFSS
20 Sep 2024 04:13 PM IST
Max Pain for OFSS is 11500
Strike 9000 has a total call value of 0 versus a total put value of 174,116,000,000 Combined total value = 174,116,000,000
Strike 9100 has a total call value of 0 versus a total put value of 166,013,000,000 Combined total value = 166,013,000,000
Strike 9200 has a total call value of 0 versus a total put value of 157,910,000,000 Combined total value = 157,910,000,000
Strike 9300 has a total call value of 0 versus a total put value of 149,807,000,000 Combined total value = 149,807,000,000
Strike 9400 has a total call value of 0 versus a total put value of 141,704,000,000 Combined total value = 141,704,000,000
Strike 9500 has a total call value of 0 versus a total put value of 133,619,000,000 Combined total value = 133,619,000,000
Strike 9600 has a total call value of 0 versus a total put value of 125,857,000,000 Combined total value = 125,857,000,000
Strike 9700 has a total call value of 0 versus a total put value of 118,102,000,000 Combined total value = 118,102,000,000
Strike 9800 has a total call value of 0 versus a total put value of 110,358,000,000 Combined total value = 110,358,000,000
Strike 9900 has a total call value of 1,000,000 versus a total put value of 102,666,000,000 Combined total value = 102,667,000,000
Strike 10000 has a total call value of 2,000,000 versus a total put value of 95,002,000,000 Combined total value = 95,004,000,000
Strike 10100 has a total call value of 10,000,000 versus a total put value of 88,328,000,000 Combined total value = 88,338,000,000
Strike 10200 has a total call value of 18,000,000 versus a total put value of 81,654,000,000 Combined total value = 81,672,000,000
Strike 10300 has a total call value of 26,000,000 versus a total put value of 74,980,000,000 Combined total value = 75,006,000,000
Strike 10400 has a total call value of 36,000,000 versus a total put value of 68,426,000,000 Combined total value = 68,462,000,000
Strike 10500 has a total call value of 53,000,000 versus a total put value of 61,951,000,000 Combined total value = 62,004,000,000
Strike 10600 has a total call value of 70,000,000 versus a total put value of 55,887,000,000 Combined total value = 55,957,000,000
Strike 10700 has a total call value of 87,000,000 versus a total put value of 49,926,000,000 Combined total value = 50,013,000,000
Strike 10800 has a total call value of 104,000,000 versus a total put value of 44,075,000,000 Combined total value = 44,179,000,000
Strike 10900 has a total call value of 121,000,000 versus a total put value of 38,487,000,000 Combined total value = 38,608,000,000
Strike 11000 has a total call value of 246,000,000 versus a total put value of 33,146,000,000 Combined total value = 33,392,000,000
Strike 11100 has a total call value of 1,078,000,000 versus a total put value of 28,789,000,000 Combined total value = 29,867,000,000
Strike 11200 has a total call value of 2,133,000,000 versus a total put value of 24,691,000,000 Combined total value = 26,824,000,000
Strike 11300 has a total call value of 3,472,000,000 versus a total put value of 20,977,000,000 Combined total value = 24,449,000,000
Strike 11400 has a total call value of 5,212,000,000 versus a total put value of 17,629,000,000 Combined total value = 22,841,000,000
Strike 11500 has a total call value of 7,251,000,000 versus a total put value of 14,593,000,000 Combined total value = 21,844,000,000
Strike 11600 has a total call value of 10,260,000,000 versus a total put value of 12,162,000,000 Combined total value = 22,422,000,000
Strike 11700 has a total call value of 13,798,000,000 versus a total put value of 9,895,000,000 Combined total value = 23,693,000,000
Strike 11800 has a total call value of 17,997,000,000 versus a total put value of 7,886,000,000 Combined total value = 25,883,000,000
Strike 11900 has a total call value of 22,886,000,000 versus a total put value of 6,084,000,000 Combined total value = 28,970,000,000
Strike 12000 has a total call value of 28,223,000,000 versus a total put value of 4,455,000,000 Combined total value = 32,678,000,000
Strike 12100 has a total call value of 35,644,000,000 versus a total put value of 3,259,000,000 Combined total value = 38,903,000,000
Strike 12200 has a total call value of 43,540,000,000 versus a total put value of 2,063,000,000 Combined total value = 45,603,000,000
Strike 12300 has a total call value of 52,251,000,000 versus a total put value of 1,142,000,000 Combined total value = 53,393,000,000
Strike 12400 has a total call value of 61,771,000,000 versus a total put value of 559,000,000 Combined total value = 62,330,000,000
Strike 12500 has a total call value of 72,185,000,000 versus a total put value of 147,000,000 Combined total value = 72,332,000,000
Strike 12600 has a total call value of 84,936,000,000 versus a total put value of 19,000,000 Combined total value = 84,955,000,000
Strike 12700 has a total call value of 99,168,000,000 versus a total put value of 11,000,000 Combined total value = 99,179,000,000
Strike 12800 has a total call value of 114,068,000,000 versus a total put value of 6,000,000 Combined total value = 114,074,000,000
Strike 12900 has a total call value of 129,400,000,000 versus a total put value of 3,000,000 Combined total value = 129,403,000,000
Strike 13000 has a total call value of 144,956,000,000 versus a total put value of 1,000,000 Combined total value = 144,957,000,000
Strike 13100 has a total call value of 161,997,000,000 versus a total put value of 0 Combined total value = 161,997,000,000
Strike 13200 has a total call value of 179,248,000,000 versus a total put value of 0 Combined total value = 179,248,000,000
Strike 13300 has a total call value of 196,702,000,000 versus a total put value of 0 Combined total value = 196,702,000,000
Strike 13400 has a total call value of 214,303,000,000 versus a total put value of 0 Combined total value = 214,303,000,000
Strike 13500 has a total call value of 232,000,000,000 versus a total put value of 0 Combined total value = 232,000,000,000
Strike 13600 has a total call value of 250,421,000,000 versus a total put value of 0 Combined total value = 250,421,000,000
Strike 13700 has a total call value of 268,842,000,000 versus a total put value of 0 Combined total value = 268,842,000,000
Strike 13800 has a total call value of 287,312,000,000 versus a total put value of 0 Combined total value = 287,312,000,000
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.