SILVER
Max pain for SILVER
13 Sep 2024 11:40 PM IST
Max Pain for SILVER is 87000
Strike 75000 has a total call value of 0 versus a total put value of 142,645,500,000 Combined total value = 142,645,500,000
Strike 75250 has a total call value of 0 versus a total put value of 138,926,250,000 Combined total value = 138,926,250,000
Strike 75500 has a total call value of 0 versus a total put value of 135,207,000,000 Combined total value = 135,207,000,000
Strike 75750 has a total call value of 0 versus a total put value of 131,487,750,000 Combined total value = 131,487,750,000
Strike 76000 has a total call value of 0 versus a total put value of 127,768,500,000 Combined total value = 127,768,500,000
Strike 76250 has a total call value of 0 versus a total put value of 124,049,250,000 Combined total value = 124,049,250,000
Strike 76500 has a total call value of 0 versus a total put value of 120,330,000,000 Combined total value = 120,330,000,000
Strike 76750 has a total call value of 0 versus a total put value of 116,610,750,000 Combined total value = 116,610,750,000
Strike 77000 has a total call value of 0 versus a total put value of 112,891,500,000 Combined total value = 112,891,500,000
Strike 77250 has a total call value of 0 versus a total put value of 109,172,250,000 Combined total value = 109,172,250,000
Strike 77500 has a total call value of 0 versus a total put value of 105,453,000,000 Combined total value = 105,453,000,000
Strike 77750 has a total call value of 0 versus a total put value of 101,733,750,000 Combined total value = 101,733,750,000
Strike 78000 has a total call value of 0 versus a total put value of 98,014,500,000 Combined total value = 98,014,500,000
Strike 78250 has a total call value of 0 versus a total put value of 94,295,250,000 Combined total value = 94,295,250,000
Strike 78500 has a total call value of 0 versus a total put value of 90,576,000,000 Combined total value = 90,576,000,000
Strike 78750 has a total call value of 0 versus a total put value of 86,856,750,000 Combined total value = 86,856,750,000
Strike 79000 has a total call value of 0 versus a total put value of 83,137,500,000 Combined total value = 83,137,500,000
Strike 79250 has a total call value of 0 versus a total put value of 79,418,250,000 Combined total value = 79,418,250,000
Strike 79500 has a total call value of 0 versus a total put value of 75,699,000,000 Combined total value = 75,699,000,000
Strike 79750 has a total call value of 0 versus a total put value of 71,979,750,000 Combined total value = 71,979,750,000
Strike 80000 has a total call value of 0 versus a total put value of 68,260,500,000 Combined total value = 68,260,500,000
Strike 80250 has a total call value of 25,500,000 versus a total put value of 65,424,000,000 Combined total value = 65,449,500,000
Strike 80500 has a total call value of 51,000,000 versus a total put value of 62,587,500,000 Combined total value = 62,638,500,000
Strike 80750 has a total call value of 76,500,000 versus a total put value of 59,769,750,000 Combined total value = 59,846,250,000
Strike 81000 has a total call value of 102,000,000 versus a total put value of 56,952,000,000 Combined total value = 57,054,000,000
Strike 81250 has a total call value of 127,500,000 versus a total put value of 54,192,000,000 Combined total value = 54,319,500,000
Strike 81500 has a total call value of 153,000,000 versus a total put value of 51,432,000,000 Combined total value = 51,585,000,000
Strike 81750 has a total call value of 178,500,000 versus a total put value of 48,692,250,000 Combined total value = 48,870,750,000
Strike 82000 has a total call value of 204,000,000 versus a total put value of 45,952,500,000 Combined total value = 46,156,500,000
Strike 82250 has a total call value of 323,250,000 versus a total put value of 43,339,500,000 Combined total value = 43,662,750,000
Strike 82500 has a total call value of 442,500,000 versus a total put value of 40,726,500,000 Combined total value = 41,169,000,000
Strike 82750 has a total call value of 561,750,000 versus a total put value of 38,128,500,000 Combined total value = 38,690,250,000
Strike 83000 has a total call value of 681,000,000 versus a total put value of 35,530,500,000 Combined total value = 36,211,500,000
Strike 83250 has a total call value of 1,127,250,000 versus a total put value of 33,350,250,000 Combined total value = 34,477,500,000
Strike 83500 has a total call value of 1,573,500,000 versus a total put value of 31,170,000,000 Combined total value = 32,743,500,000
Strike 83750 has a total call value of 2,028,750,000 versus a total put value of 28,989,750,000 Combined total value = 31,018,500,000
Strike 84000 has a total call value of 2,484,000,000 versus a total put value of 26,809,500,000 Combined total value = 29,293,500,000
Strike 84250 has a total call value of 3,123,000,000 versus a total put value of 24,955,500,000 Combined total value = 28,078,500,000
Strike 84500 has a total call value of 3,762,000,000 versus a total put value of 23,101,500,000 Combined total value = 26,863,500,000
Strike 84750 has a total call value of 4,401,000,000 versus a total put value of 21,258,750,000 Combined total value = 25,659,750,000
Strike 85000 has a total call value of 5,040,000,000 versus a total put value of 19,416,000,000 Combined total value = 24,456,000,000
Strike 85250 has a total call value of 6,058,500,000 versus a total put value of 18,153,000,000 Combined total value = 24,211,500,000
Strike 85500 has a total call value of 7,077,000,000 versus a total put value of 16,890,000,000 Combined total value = 23,967,000,000
Strike 85750 has a total call value of 8,099,250,000 versus a total put value of 15,636,750,000 Combined total value = 23,736,000,000
Strike 86000 has a total call value of 9,121,500,000 versus a total put value of 14,383,500,000 Combined total value = 23,505,000,000
Strike 86250 has a total call value of 10,223,250,000 versus a total put value of 13,244,250,000 Combined total value = 23,467,500,000
Strike 86500 has a total call value of 11,325,000,000 versus a total put value of 12,105,000,000 Combined total value = 23,430,000,000
Strike 86750 has a total call value of 12,432,750,000 versus a total put value of 10,965,750,000 Combined total value = 23,398,500,000
Strike 87000 has a total call value of 13,540,500,000 versus a total put value of 9,826,500,000 Combined total value = 23,367,000,000
Strike 87250 has a total call value of 14,855,250,000 versus a total put value of 8,996,250,000 Combined total value = 23,851,500,000
Strike 87500 has a total call value of 16,170,000,000 versus a total put value of 8,166,000,000 Combined total value = 24,336,000,000
Strike 87750 has a total call value of 17,496,750,000 versus a total put value of 7,345,500,000 Combined total value = 24,842,250,000
Strike 88000 has a total call value of 18,823,500,000 versus a total put value of 6,525,000,000 Combined total value = 25,348,500,000
Strike 88250 has a total call value of 20,263,500,000 versus a total put value of 5,882,250,000 Combined total value = 26,145,750,000
Strike 88500 has a total call value of 21,703,500,000 versus a total put value of 5,239,500,000 Combined total value = 26,943,000,000
Strike 88750 has a total call value of 23,143,500,000 versus a total put value of 4,617,750,000 Combined total value = 27,761,250,000
Strike 89000 has a total call value of 24,583,500,000 versus a total put value of 3,996,000,000 Combined total value = 28,579,500,000
Strike 89250 has a total call value of 26,089,500,000 versus a total put value of 3,423,750,000 Combined total value = 29,513,250,000
Strike 89500 has a total call value of 27,595,500,000 versus a total put value of 2,851,500,000 Combined total value = 30,447,000,000
Strike 89750 has a total call value of 29,115,750,000 versus a total put value of 2,279,250,000 Combined total value = 31,395,000,000
Strike 90000 has a total call value of 30,636,000,000 versus a total put value of 1,707,000,000 Combined total value = 32,343,000,000
Strike 90250 has a total call value of 32,617,500,000 versus a total put value of 1,413,750,000 Combined total value = 34,031,250,000
Strike 90500 has a total call value of 34,599,000,000 versus a total put value of 1,120,500,000 Combined total value = 35,719,500,000
Strike 90750 has a total call value of 36,596,250,000 versus a total put value of 827,250,000 Combined total value = 37,423,500,000
Strike 91000 has a total call value of 38,593,500,000 versus a total put value of 534,000,000 Combined total value = 39,127,500,000
Strike 91250 has a total call value of 40,623,750,000 versus a total put value of 400,500,000 Combined total value = 41,024,250,000
Strike 91500 has a total call value of 42,654,000,000 versus a total put value of 267,000,000 Combined total value = 42,921,000,000
Strike 91750 has a total call value of 44,694,000,000 versus a total put value of 133,500,000 Combined total value = 44,827,500,000
Strike 92000 has a total call value of 46,734,000,000 versus a total put value of 0 Combined total value = 46,734,000,000
Strike 92250 has a total call value of 48,900,750,000 versus a total put value of 0 Combined total value = 48,900,750,000
Strike 92500 has a total call value of 51,067,500,000 versus a total put value of 0 Combined total value = 51,067,500,000
Strike 92750 has a total call value of 53,234,250,000 versus a total put value of 0 Combined total value = 53,234,250,000
Strike 93000 has a total call value of 55,401,000,000 versus a total put value of 0 Combined total value = 55,401,000,000
Strike 93250 has a total call value of 57,567,750,000 versus a total put value of 0 Combined total value = 57,567,750,000
Strike 93500 has a total call value of 59,734,500,000 versus a total put value of 0 Combined total value = 59,734,500,000
Strike 93750 has a total call value of 61,901,250,000 versus a total put value of 0 Combined total value = 61,901,250,000
Strike 94000 has a total call value of 64,068,000,000 versus a total put value of 0 Combined total value = 64,068,000,000
Strike 94250 has a total call value of 66,255,000,000 versus a total put value of 0 Combined total value = 66,255,000,000
Strike 94500 has a total call value of 68,442,000,000 versus a total put value of 0 Combined total value = 68,442,000,000
Strike 94750 has a total call value of 70,629,000,000 versus a total put value of 0 Combined total value = 70,629,000,000
Strike 95000 has a total call value of 72,816,000,000 versus a total put value of 0 Combined total value = 72,816,000,000
Strike 95250 has a total call value of 75,556,500,000 versus a total put value of 0 Combined total value = 75,556,500,000
Strike 95500 has a total call value of 78,297,000,000 versus a total put value of 0 Combined total value = 78,297,000,000
Strike 95750 has a total call value of 81,037,500,000 versus a total put value of 0 Combined total value = 81,037,500,000
Strike 96000 has a total call value of 83,778,000,000 versus a total put value of 0 Combined total value = 83,778,000,000
Strike 96250 has a total call value of 86,520,000,000 versus a total put value of 0 Combined total value = 86,520,000,000
Strike 96500 has a total call value of 89,262,000,000 versus a total put value of 0 Combined total value = 89,262,000,000
Strike 96750 has a total call value of 92,004,000,000 versus a total put value of 0 Combined total value = 92,004,000,000
Strike 97000 has a total call value of 94,746,000,000 versus a total put value of 0 Combined total value = 94,746,000,000
Strike 97250 has a total call value of 97,488,000,000 versus a total put value of 0 Combined total value = 97,488,000,000
Strike 97500 has a total call value of 100,230,000,000 versus a total put value of 0 Combined total value = 100,230,000,000
Strike 97750 has a total call value of 102,972,000,000 versus a total put value of 0 Combined total value = 102,972,000,000
Strike 98000 has a total call value of 105,714,000,000 versus a total put value of 0 Combined total value = 105,714,000,000
Strike 98250 has a total call value of 108,456,000,000 versus a total put value of 0 Combined total value = 108,456,000,000
Strike 98500 has a total call value of 111,198,000,000 versus a total put value of 0 Combined total value = 111,198,000,000
Strike 98750 has a total call value of 113,940,000,000 versus a total put value of 0 Combined total value = 113,940,000,000
Strike 99000 has a total call value of 116,682,000,000 versus a total put value of 0 Combined total value = 116,682,000,000
Strike 99250 has a total call value of 119,424,000,000 versus a total put value of 0 Combined total value = 119,424,000,000
Strike 99500 has a total call value of 122,166,000,000 versus a total put value of 0 Combined total value = 122,166,000,000
Strike 99750 has a total call value of 124,908,000,000 versus a total put value of 0 Combined total value = 124,908,000,000
Strike 100000 has a total call value of 127,650,000,000 versus a total put value of 0 Combined total value = 127,650,000,000
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.