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PERSISTENT
PERSISTENT SYSTEMS LTD

8652.3 92.15 (1.08%)


Strike  7000  has a total call value of 0  versus a total put value of  29,658,000,000 Combined total value = 29,658,000,000

Strike  7100  has a total call value of 38,000,000  versus a total put value of  27,171,000,000 Combined total value = 27,209,000,000

Strike  7200  has a total call value of 76,000,000  versus a total put value of  24,684,000,000 Combined total value = 24,760,000,000

Strike  7300  has a total call value of 114,000,000  versus a total put value of  22,197,000,000 Combined total value = 22,311,000,000

Strike  7400  has a total call value of 152,000,000  versus a total put value of  19,710,000,000 Combined total value = 19,862,000,000

Strike  7500  has a total call value of 190,000,000  versus a total put value of  17,277,000,000 Combined total value = 17,467,000,000

Strike  7600  has a total call value of 228,000,000  versus a total put value of  15,071,000,000 Combined total value = 15,299,000,000

Strike  7700  has a total call value of 277,000,000  versus a total put value of  12,913,000,000 Combined total value = 13,190,000,000

Strike  7800  has a total call value of 326,000,000  versus a total put value of  10,755,000,000 Combined total value = 11,081,000,000

Strike  7900  has a total call value of 375,000,000  versus a total put value of  8,770,000,000 Combined total value = 9,145,000,000

Strike  8000  has a total call value of 424,000,000  versus a total put value of  6,852,000,000 Combined total value = 7,276,000,000

Strike  8100  has a total call value of 622,000,000  versus a total put value of  5,347,000,000 Combined total value = 5,969,000,000

Strike  8200  has a total call value of 853,000,000  versus a total put value of  3,983,000,000 Combined total value = 4,836,000,000

Strike  8300  has a total call value of 1,153,000,000  versus a total put value of  2,744,000,000 Combined total value = 3,897,000,000

Strike  8400  has a total call value of 1,506,000,000  versus a total put value of  1,686,000,000 Combined total value = 3,192,000,000

Strike  8500  has a total call value of 1,919,000,000  versus a total put value of  871,000,000 Combined total value = 2,790,000,000

Strike  8600  has a total call value of 2,638,000,000  versus a total put value of  446,000,000 Combined total value = 3,084,000,000

Strike  8700  has a total call value of 3,533,000,000  versus a total put value of  147,000,000 Combined total value = 3,680,000,000

Strike  8800  has a total call value of 5,116,000,000  versus a total put value of  44,000,000 Combined total value = 5,160,000,000

Strike  8900  has a total call value of 7,357,000,000  versus a total put value of  17,000,000 Combined total value = 7,374,000,000

Strike  9000  has a total call value of 9,919,000,000  versus a total put value of  0 Combined total value = 9,919,000,000

Strike  9100  has a total call value of 13,199,000,000  versus a total put value of  0 Combined total value = 13,199,000,000

Strike  9200  has a total call value of 16,618,000,000  versus a total put value of  0 Combined total value = 16,618,000,000

Strike  9300  has a total call value of 20,209,000,000  versus a total put value of  0 Combined total value = 20,209,000,000

Strike  9400  has a total call value of 24,114,000,000  versus a total put value of  0 Combined total value = 24,114,000,000

Strike  9500  has a total call value of 28,094,000,000  versus a total put value of  0 Combined total value = 28,094,000,000

Strike  9600  has a total call value of 32,459,000,000  versus a total put value of  0 Combined total value = 32,459,000,000

Strike  9700  has a total call value of 37,048,000,000  versus a total put value of  0 Combined total value = 37,048,000,000

Strike  9800  has a total call value of 41,637,000,000  versus a total put value of  0 Combined total value = 41,637,000,000

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.