How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. Multiply this difference by the open interest (number of contracts) at that strike for both call and put options. Sum the values: Add together the dollar value for put options and call options at each strike price. Repeat for all strikes: Perform this calculation for every available strike price in the option chain. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price. This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

How Can Traders Use Max Pain in Their Strategy?

Traders can incorporate Max Pain analysis into their trading strategy in several ways: Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level. Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes. Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly. Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration. Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

What Does Max Pain Indicate About Stock Price Movement?

Max Pain provides insights into potential stock price behavior, especially near option expiration: Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions. Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost. Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears. Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities. Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

How Often Does Max Pain Change?

Max Pain is a dynamic value that changes continuously based on several factors: Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation. Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations. Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements. New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest. For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

What's the Difference Between Max Pain and Spot Price?

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading: Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately. Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading. The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

Is Max Pain Always Accurate for Predicting Stock Price?

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why: Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions. Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts. Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum. Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level. Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target. Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

When is Max Pain Most Relevant for Options Trading?

Max Pain becomes increasingly relevant as option expiration approaches: Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur. Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations. High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure. Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement. Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement. While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

SILVER

Q: What is Max Pain in Options Trading?

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation. The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Silver

392922 +7556.00 (1.96%)

L: 355001 H: 420048

Max Pain - SILVER

29 Jan 2026 08:52 PM IST

Live

Expiry

Max-Pain

3,20,000

DFC

7D Avg

Reliability

14D Avg

Reliability

21D Avg

Reliability

Max Pain for SILVER is 320000

Historical data for SILVER-320000-CE

LTP (320000 CE)

91001 15759

Open Interest

61 19

Historical data for SILVER-320000-PE

LTP (320000 PE)

9900 -1947.5

Open Interest

58 -14

Strike 240000 has a total call value of 0 versus a total put value of 396,459,000,000 Combined total value = 396,459,000,000

Strike 240250 has a total call value of 0 versus a total put value of 395,236,500,000 Combined total value = 395,236,500,000

Strike 240500 has a total call value of 0 versus a total put value of 394,014,000,000 Combined total value = 394,014,000,000

Strike 240750 has a total call value of 0 versus a total put value of 392,791,500,000 Combined total value = 392,791,500,000

Strike 241000 has a total call value of 0 versus a total put value of 391,569,000,000 Combined total value = 391,569,000,000

Strike 241250 has a total call value of 0 versus a total put value of 390,346,500,000 Combined total value = 390,346,500,000

Strike 241500 has a total call value of 0 versus a total put value of 389,124,000,000 Combined total value = 389,124,000,000

Strike 241750 has a total call value of 0 versus a total put value of 387,901,500,000 Combined total value = 387,901,500,000

Strike 242000 has a total call value of 0 versus a total put value of 386,679,000,000 Combined total value = 386,679,000,000

Strike 242250 has a total call value of 0 versus a total put value of 385,456,500,000 Combined total value = 385,456,500,000

Strike 242500 has a total call value of 0 versus a total put value of 384,234,000,000 Combined total value = 384,234,000,000

Strike 242750 has a total call value of 0 versus a total put value of 383,011,500,000 Combined total value = 383,011,500,000

Strike 243000 has a total call value of 0 versus a total put value of 381,789,000,000 Combined total value = 381,789,000,000

Strike 243250 has a total call value of 0 versus a total put value of 380,566,500,000 Combined total value = 380,566,500,000

Strike 243500 has a total call value of 0 versus a total put value of 379,344,000,000 Combined total value = 379,344,000,000

Strike 243750 has a total call value of 0 versus a total put value of 378,121,500,000 Combined total value = 378,121,500,000

Strike 244000 has a total call value of 0 versus a total put value of 376,899,000,000 Combined total value = 376,899,000,000

Strike 244250 has a total call value of 0 versus a total put value of 375,676,500,000 Combined total value = 375,676,500,000

Strike 244500 has a total call value of 0 versus a total put value of 374,454,000,000 Combined total value = 374,454,000,000

Strike 244750 has a total call value of 0 versus a total put value of 373,231,500,000 Combined total value = 373,231,500,000

Strike 245000 has a total call value of 0 versus a total put value of 372,009,000,000 Combined total value = 372,009,000,000

Strike 245250 has a total call value of 0 versus a total put value of 370,786,500,000 Combined total value = 370,786,500,000

Strike 245500 has a total call value of 0 versus a total put value of 369,564,000,000 Combined total value = 369,564,000,000

Strike 245750 has a total call value of 0 versus a total put value of 368,341,500,000 Combined total value = 368,341,500,000

Strike 246000 has a total call value of 0 versus a total put value of 367,119,000,000 Combined total value = 367,119,000,000

Strike 246250 has a total call value of 0 versus a total put value of 365,896,500,000 Combined total value = 365,896,500,000

Strike 246500 has a total call value of 0 versus a total put value of 364,674,000,000 Combined total value = 364,674,000,000

Strike 246750 has a total call value of 0 versus a total put value of 363,451,500,000 Combined total value = 363,451,500,000

Strike 247000 has a total call value of 0 versus a total put value of 362,229,000,000 Combined total value = 362,229,000,000

Strike 247250 has a total call value of 0 versus a total put value of 361,006,500,000 Combined total value = 361,006,500,000

Strike 247500 has a total call value of 0 versus a total put value of 359,784,000,000 Combined total value = 359,784,000,000

Strike 247750 has a total call value of 0 versus a total put value of 358,561,500,000 Combined total value = 358,561,500,000

Strike 248000 has a total call value of 0 versus a total put value of 357,339,000,000 Combined total value = 357,339,000,000

Strike 248250 has a total call value of 0 versus a total put value of 356,116,500,000 Combined total value = 356,116,500,000

Strike 248500 has a total call value of 0 versus a total put value of 354,894,000,000 Combined total value = 354,894,000,000

Strike 248750 has a total call value of 0 versus a total put value of 353,671,500,000 Combined total value = 353,671,500,000

Strike 249000 has a total call value of 0 versus a total put value of 352,449,000,000 Combined total value = 352,449,000,000

Strike 249250 has a total call value of 0 versus a total put value of 351,226,500,000 Combined total value = 351,226,500,000

Strike 249500 has a total call value of 0 versus a total put value of 350,004,000,000 Combined total value = 350,004,000,000

Strike 249750 has a total call value of 0 versus a total put value of 348,781,500,000 Combined total value = 348,781,500,000

Strike 250000 has a total call value of 0 versus a total put value of 347,559,000,000 Combined total value = 347,559,000,000

Strike 250250 has a total call value of 0 versus a total put value of 346,433,250,000 Combined total value = 346,433,250,000

Strike 250500 has a total call value of 0 versus a total put value of 345,307,500,000 Combined total value = 345,307,500,000

Strike 250750 has a total call value of 0 versus a total put value of 344,181,750,000 Combined total value = 344,181,750,000

Strike 251000 has a total call value of 0 versus a total put value of 343,056,000,000 Combined total value = 343,056,000,000

Strike 251250 has a total call value of 0 versus a total put value of 341,930,250,000 Combined total value = 341,930,250,000

Strike 251500 has a total call value of 0 versus a total put value of 340,804,500,000 Combined total value = 340,804,500,000

Strike 251750 has a total call value of 0 versus a total put value of 339,678,750,000 Combined total value = 339,678,750,000

Strike 252000 has a total call value of 0 versus a total put value of 338,553,000,000 Combined total value = 338,553,000,000

Strike 252250 has a total call value of 0 versus a total put value of 337,427,250,000 Combined total value = 337,427,250,000

Strike 252500 has a total call value of 0 versus a total put value of 336,301,500,000 Combined total value = 336,301,500,000

Strike 252750 has a total call value of 0 versus a total put value of 335,175,750,000 Combined total value = 335,175,750,000

Strike 253000 has a total call value of 0 versus a total put value of 334,050,000,000 Combined total value = 334,050,000,000

Strike 253250 has a total call value of 0 versus a total put value of 332,924,250,000 Combined total value = 332,924,250,000

Strike 253500 has a total call value of 0 versus a total put value of 331,798,500,000 Combined total value = 331,798,500,000

Strike 253750 has a total call value of 0 versus a total put value of 330,672,750,000 Combined total value = 330,672,750,000

Strike 254000 has a total call value of 0 versus a total put value of 329,547,000,000 Combined total value = 329,547,000,000

Strike 254250 has a total call value of 0 versus a total put value of 328,421,250,000 Combined total value = 328,421,250,000

Strike 254500 has a total call value of 0 versus a total put value of 327,295,500,000 Combined total value = 327,295,500,000

Strike 254750 has a total call value of 0 versus a total put value of 326,169,750,000 Combined total value = 326,169,750,000

Strike 255000 has a total call value of 0 versus a total put value of 325,044,000,000 Combined total value = 325,044,000,000

Strike 255250 has a total call value of 0 versus a total put value of 323,918,250,000 Combined total value = 323,918,250,000

Strike 255500 has a total call value of 0 versus a total put value of 322,792,500,000 Combined total value = 322,792,500,000

Strike 255750 has a total call value of 0 versus a total put value of 321,666,750,000 Combined total value = 321,666,750,000

Strike 256000 has a total call value of 0 versus a total put value of 320,541,000,000 Combined total value = 320,541,000,000

Strike 256250 has a total call value of 0 versus a total put value of 319,415,250,000 Combined total value = 319,415,250,000

Strike 256500 has a total call value of 0 versus a total put value of 318,289,500,000 Combined total value = 318,289,500,000

Strike 256750 has a total call value of 0 versus a total put value of 317,163,750,000 Combined total value = 317,163,750,000

Strike 257000 has a total call value of 0 versus a total put value of 316,038,000,000 Combined total value = 316,038,000,000

Strike 257250 has a total call value of 0 versus a total put value of 314,912,250,000 Combined total value = 314,912,250,000

Strike 257500 has a total call value of 0 versus a total put value of 313,786,500,000 Combined total value = 313,786,500,000

Strike 257750 has a total call value of 0 versus a total put value of 312,660,750,000 Combined total value = 312,660,750,000

Strike 258000 has a total call value of 0 versus a total put value of 311,535,000,000 Combined total value = 311,535,000,000

Strike 258250 has a total call value of 0 versus a total put value of 310,409,250,000 Combined total value = 310,409,250,000

Strike 258500 has a total call value of 0 versus a total put value of 309,283,500,000 Combined total value = 309,283,500,000

Strike 258750 has a total call value of 0 versus a total put value of 308,157,750,000 Combined total value = 308,157,750,000

Strike 259000 has a total call value of 0 versus a total put value of 307,032,000,000 Combined total value = 307,032,000,000

Strike 259250 has a total call value of 0 versus a total put value of 305,906,250,000 Combined total value = 305,906,250,000

Strike 259500 has a total call value of 0 versus a total put value of 304,780,500,000 Combined total value = 304,780,500,000

Strike 259750 has a total call value of 0 versus a total put value of 303,654,750,000 Combined total value = 303,654,750,000

Strike 260000 has a total call value of 0 versus a total put value of 302,529,000,000 Combined total value = 302,529,000,000

Strike 260250 has a total call value of 0 versus a total put value of 301,421,250,000 Combined total value = 301,421,250,000

Strike 260500 has a total call value of 0 versus a total put value of 300,313,500,000 Combined total value = 300,313,500,000

Strike 260750 has a total call value of 0 versus a total put value of 299,205,750,000 Combined total value = 299,205,750,000

Strike 261000 has a total call value of 0 versus a total put value of 298,098,000,000 Combined total value = 298,098,000,000

Strike 261250 has a total call value of 0 versus a total put value of 296,990,250,000 Combined total value = 296,990,250,000

Strike 261500 has a total call value of 0 versus a total put value of 295,882,500,000 Combined total value = 295,882,500,000

Strike 261750 has a total call value of 0 versus a total put value of 294,774,750,000 Combined total value = 294,774,750,000

Strike 262000 has a total call value of 0 versus a total put value of 293,667,000,000 Combined total value = 293,667,000,000

Strike 262250 has a total call value of 0 versus a total put value of 292,559,250,000 Combined total value = 292,559,250,000

Strike 262500 has a total call value of 0 versus a total put value of 291,451,500,000 Combined total value = 291,451,500,000

Strike 262750 has a total call value of 0 versus a total put value of 290,343,750,000 Combined total value = 290,343,750,000

Strike 263000 has a total call value of 0 versus a total put value of 289,236,000,000 Combined total value = 289,236,000,000

Strike 263250 has a total call value of 0 versus a total put value of 288,128,250,000 Combined total value = 288,128,250,000

Strike 263500 has a total call value of 0 versus a total put value of 287,020,500,000 Combined total value = 287,020,500,000

Strike 263750 has a total call value of 0 versus a total put value of 285,912,750,000 Combined total value = 285,912,750,000

Strike 264000 has a total call value of 0 versus a total put value of 284,805,000,000 Combined total value = 284,805,000,000

Strike 264250 has a total call value of 0 versus a total put value of 283,697,250,000 Combined total value = 283,697,250,000

Strike 264500 has a total call value of 0 versus a total put value of 282,589,500,000 Combined total value = 282,589,500,000

Strike 264750 has a total call value of 0 versus a total put value of 281,481,750,000 Combined total value = 281,481,750,000

Strike 265000 has a total call value of 0 versus a total put value of 280,374,000,000 Combined total value = 280,374,000,000

Strike 265250 has a total call value of 0 versus a total put value of 279,266,250,000 Combined total value = 279,266,250,000

Strike 265500 has a total call value of 0 versus a total put value of 278,158,500,000 Combined total value = 278,158,500,000

Strike 265750 has a total call value of 0 versus a total put value of 277,050,750,000 Combined total value = 277,050,750,000

Strike 266000 has a total call value of 0 versus a total put value of 275,943,000,000 Combined total value = 275,943,000,000

Strike 266250 has a total call value of 0 versus a total put value of 274,835,250,000 Combined total value = 274,835,250,000

Strike 266500 has a total call value of 0 versus a total put value of 273,727,500,000 Combined total value = 273,727,500,000

Strike 266750 has a total call value of 0 versus a total put value of 272,619,750,000 Combined total value = 272,619,750,000

Strike 267000 has a total call value of 0 versus a total put value of 271,512,000,000 Combined total value = 271,512,000,000

Strike 267250 has a total call value of 0 versus a total put value of 270,404,250,000 Combined total value = 270,404,250,000

Strike 267500 has a total call value of 0 versus a total put value of 269,296,500,000 Combined total value = 269,296,500,000

Strike 267750 has a total call value of 0 versus a total put value of 268,188,750,000 Combined total value = 268,188,750,000

Strike 268000 has a total call value of 0 versus a total put value of 267,081,000,000 Combined total value = 267,081,000,000

Strike 268250 has a total call value of 0 versus a total put value of 265,973,250,000 Combined total value = 265,973,250,000

Strike 268500 has a total call value of 0 versus a total put value of 264,865,500,000 Combined total value = 264,865,500,000

Strike 268750 has a total call value of 0 versus a total put value of 263,757,750,000 Combined total value = 263,757,750,000

Strike 269000 has a total call value of 0 versus a total put value of 262,650,000,000 Combined total value = 262,650,000,000

Strike 269250 has a total call value of 0 versus a total put value of 261,542,250,000 Combined total value = 261,542,250,000

Strike 269500 has a total call value of 0 versus a total put value of 260,434,500,000 Combined total value = 260,434,500,000

Strike 269750 has a total call value of 0 versus a total put value of 259,326,750,000 Combined total value = 259,326,750,000

Strike 270000 has a total call value of 0 versus a total put value of 258,219,000,000 Combined total value = 258,219,000,000

Strike 270250 has a total call value of 0 versus a total put value of 257,157,750,000 Combined total value = 257,157,750,000

Strike 270500 has a total call value of 0 versus a total put value of 256,096,500,000 Combined total value = 256,096,500,000

Strike 270750 has a total call value of 0 versus a total put value of 255,035,250,000 Combined total value = 255,035,250,000

Strike 271000 has a total call value of 0 versus a total put value of 253,974,000,000 Combined total value = 253,974,000,000

Strike 271250 has a total call value of 0 versus a total put value of 252,912,750,000 Combined total value = 252,912,750,000

Strike 271500 has a total call value of 0 versus a total put value of 251,851,500,000 Combined total value = 251,851,500,000

Strike 271750 has a total call value of 0 versus a total put value of 250,790,250,000 Combined total value = 250,790,250,000

Strike 272000 has a total call value of 0 versus a total put value of 249,729,000,000 Combined total value = 249,729,000,000

Strike 272250 has a total call value of 0 versus a total put value of 248,667,750,000 Combined total value = 248,667,750,000

Strike 272500 has a total call value of 0 versus a total put value of 247,606,500,000 Combined total value = 247,606,500,000

Strike 272750 has a total call value of 0 versus a total put value of 246,545,250,000 Combined total value = 246,545,250,000

Strike 273000 has a total call value of 0 versus a total put value of 245,484,000,000 Combined total value = 245,484,000,000

Strike 273250 has a total call value of 0 versus a total put value of 244,422,750,000 Combined total value = 244,422,750,000

Strike 273500 has a total call value of 0 versus a total put value of 243,361,500,000 Combined total value = 243,361,500,000

Strike 273750 has a total call value of 0 versus a total put value of 242,300,250,000 Combined total value = 242,300,250,000

Strike 274000 has a total call value of 0 versus a total put value of 241,239,000,000 Combined total value = 241,239,000,000

Strike 274250 has a total call value of 0 versus a total put value of 240,177,750,000 Combined total value = 240,177,750,000

Strike 274500 has a total call value of 0 versus a total put value of 239,116,500,000 Combined total value = 239,116,500,000

Strike 274750 has a total call value of 0 versus a total put value of 238,055,250,000 Combined total value = 238,055,250,000

Strike 275000 has a total call value of 0 versus a total put value of 236,994,000,000 Combined total value = 236,994,000,000

Strike 275250 has a total call value of 0 versus a total put value of 235,932,750,000 Combined total value = 235,932,750,000

Strike 275500 has a total call value of 0 versus a total put value of 234,871,500,000 Combined total value = 234,871,500,000

Strike 275750 has a total call value of 0 versus a total put value of 233,810,250,000 Combined total value = 233,810,250,000

Strike 276000 has a total call value of 0 versus a total put value of 232,749,000,000 Combined total value = 232,749,000,000

Strike 276250 has a total call value of 0 versus a total put value of 231,687,750,000 Combined total value = 231,687,750,000

Strike 276500 has a total call value of 0 versus a total put value of 230,626,500,000 Combined total value = 230,626,500,000

Strike 276750 has a total call value of 0 versus a total put value of 229,565,250,000 Combined total value = 229,565,250,000

Strike 277000 has a total call value of 0 versus a total put value of 228,504,000,000 Combined total value = 228,504,000,000

Strike 277250 has a total call value of 0 versus a total put value of 227,442,750,000 Combined total value = 227,442,750,000

Strike 277500 has a total call value of 0 versus a total put value of 226,381,500,000 Combined total value = 226,381,500,000

Strike 277750 has a total call value of 0 versus a total put value of 225,320,250,000 Combined total value = 225,320,250,000

Strike 278000 has a total call value of 0 versus a total put value of 224,259,000,000 Combined total value = 224,259,000,000

Strike 278250 has a total call value of 0 versus a total put value of 223,197,750,000 Combined total value = 223,197,750,000

Strike 278500 has a total call value of 0 versus a total put value of 222,136,500,000 Combined total value = 222,136,500,000

Strike 278750 has a total call value of 0 versus a total put value of 221,075,250,000 Combined total value = 221,075,250,000

Strike 279000 has a total call value of 0 versus a total put value of 220,014,000,000 Combined total value = 220,014,000,000

Strike 279250 has a total call value of 0 versus a total put value of 218,952,750,000 Combined total value = 218,952,750,000

Strike 279500 has a total call value of 0 versus a total put value of 217,891,500,000 Combined total value = 217,891,500,000

Strike 279750 has a total call value of 0 versus a total put value of 216,830,250,000 Combined total value = 216,830,250,000

Strike 280000 has a total call value of 0 versus a total put value of 215,769,000,000 Combined total value = 215,769,000,000

Strike 280250 has a total call value of 0 versus a total put value of 214,783,500,000 Combined total value = 214,783,500,000

Strike 280500 has a total call value of 0 versus a total put value of 213,798,000,000 Combined total value = 213,798,000,000

Strike 280750 has a total call value of 0 versus a total put value of 212,812,500,000 Combined total value = 212,812,500,000

Strike 281000 has a total call value of 0 versus a total put value of 211,827,000,000 Combined total value = 211,827,000,000

Strike 281250 has a total call value of 0 versus a total put value of 210,841,500,000 Combined total value = 210,841,500,000

Strike 281500 has a total call value of 0 versus a total put value of 209,856,000,000 Combined total value = 209,856,000,000

Strike 281750 has a total call value of 0 versus a total put value of 208,870,500,000 Combined total value = 208,870,500,000

Strike 282000 has a total call value of 0 versus a total put value of 207,885,000,000 Combined total value = 207,885,000,000

Strike 282250 has a total call value of 0 versus a total put value of 206,899,500,000 Combined total value = 206,899,500,000

Strike 282500 has a total call value of 0 versus a total put value of 205,914,000,000 Combined total value = 205,914,000,000

Strike 282750 has a total call value of 0 versus a total put value of 204,928,500,000 Combined total value = 204,928,500,000

Strike 283000 has a total call value of 0 versus a total put value of 203,943,000,000 Combined total value = 203,943,000,000

Strike 283250 has a total call value of 0 versus a total put value of 202,957,500,000 Combined total value = 202,957,500,000

Strike 283500 has a total call value of 0 versus a total put value of 201,972,000,000 Combined total value = 201,972,000,000

Strike 283750 has a total call value of 0 versus a total put value of 200,986,500,000 Combined total value = 200,986,500,000

Strike 284000 has a total call value of 0 versus a total put value of 200,001,000,000 Combined total value = 200,001,000,000

Strike 284250 has a total call value of 0 versus a total put value of 199,015,500,000 Combined total value = 199,015,500,000

Strike 284500 has a total call value of 0 versus a total put value of 198,030,000,000 Combined total value = 198,030,000,000

Strike 284750 has a total call value of 0 versus a total put value of 197,044,500,000 Combined total value = 197,044,500,000

Strike 285000 has a total call value of 0 versus a total put value of 196,059,000,000 Combined total value = 196,059,000,000

Strike 285250 has a total call value of 0 versus a total put value of 195,073,500,000 Combined total value = 195,073,500,000

Strike 285500 has a total call value of 0 versus a total put value of 194,088,000,000 Combined total value = 194,088,000,000

Strike 285750 has a total call value of 0 versus a total put value of 193,102,500,000 Combined total value = 193,102,500,000

Strike 286000 has a total call value of 0 versus a total put value of 192,117,000,000 Combined total value = 192,117,000,000

Strike 286250 has a total call value of 0 versus a total put value of 191,131,500,000 Combined total value = 191,131,500,000

Strike 286500 has a total call value of 0 versus a total put value of 190,146,000,000 Combined total value = 190,146,000,000

Strike 286750 has a total call value of 0 versus a total put value of 189,160,500,000 Combined total value = 189,160,500,000

Strike 287000 has a total call value of 0 versus a total put value of 188,175,000,000 Combined total value = 188,175,000,000

Strike 287250 has a total call value of 0 versus a total put value of 187,189,500,000 Combined total value = 187,189,500,000

Strike 287500 has a total call value of 0 versus a total put value of 186,204,000,000 Combined total value = 186,204,000,000

Strike 287750 has a total call value of 0 versus a total put value of 185,218,500,000 Combined total value = 185,218,500,000

Strike 288000 has a total call value of 0 versus a total put value of 184,233,000,000 Combined total value = 184,233,000,000

Strike 288250 has a total call value of 0 versus a total put value of 183,247,500,000 Combined total value = 183,247,500,000

Strike 288500 has a total call value of 0 versus a total put value of 182,262,000,000 Combined total value = 182,262,000,000

Strike 288750 has a total call value of 0 versus a total put value of 181,276,500,000 Combined total value = 181,276,500,000

Strike 289000 has a total call value of 0 versus a total put value of 180,291,000,000 Combined total value = 180,291,000,000

Strike 289250 has a total call value of 0 versus a total put value of 179,305,500,000 Combined total value = 179,305,500,000

Strike 289500 has a total call value of 0 versus a total put value of 178,320,000,000 Combined total value = 178,320,000,000

Strike 289750 has a total call value of 0 versus a total put value of 177,334,500,000 Combined total value = 177,334,500,000

Strike 290000 has a total call value of 0 versus a total put value of 176,349,000,000 Combined total value = 176,349,000,000

Strike 290250 has a total call value of 0 versus a total put value of 175,381,500,000 Combined total value = 175,381,500,000

Strike 290500 has a total call value of 0 versus a total put value of 174,414,000,000 Combined total value = 174,414,000,000

Strike 290750 has a total call value of 0 versus a total put value of 173,446,500,000 Combined total value = 173,446,500,000

Strike 291000 has a total call value of 0 versus a total put value of 172,479,000,000 Combined total value = 172,479,000,000

Strike 291250 has a total call value of 0 versus a total put value of 171,511,500,000 Combined total value = 171,511,500,000

Strike 291500 has a total call value of 0 versus a total put value of 170,544,000,000 Combined total value = 170,544,000,000

Strike 291750 has a total call value of 0 versus a total put value of 169,576,500,000 Combined total value = 169,576,500,000

Strike 292000 has a total call value of 0 versus a total put value of 168,609,000,000 Combined total value = 168,609,000,000

Strike 292250 has a total call value of 0 versus a total put value of 167,641,500,000 Combined total value = 167,641,500,000

Strike 292500 has a total call value of 0 versus a total put value of 166,674,000,000 Combined total value = 166,674,000,000

Strike 292750 has a total call value of 0 versus a total put value of 165,706,500,000 Combined total value = 165,706,500,000

Strike 293000 has a total call value of 0 versus a total put value of 164,739,000,000 Combined total value = 164,739,000,000

Strike 293250 has a total call value of 0 versus a total put value of 163,771,500,000 Combined total value = 163,771,500,000

Strike 293500 has a total call value of 0 versus a total put value of 162,804,000,000 Combined total value = 162,804,000,000

Strike 293750 has a total call value of 0 versus a total put value of 161,836,500,000 Combined total value = 161,836,500,000

Strike 294000 has a total call value of 0 versus a total put value of 160,869,000,000 Combined total value = 160,869,000,000

Strike 294250 has a total call value of 0 versus a total put value of 159,901,500,000 Combined total value = 159,901,500,000

Strike 294500 has a total call value of 0 versus a total put value of 158,934,000,000 Combined total value = 158,934,000,000

Strike 294750 has a total call value of 0 versus a total put value of 157,966,500,000 Combined total value = 157,966,500,000

Strike 295000 has a total call value of 0 versus a total put value of 156,999,000,000 Combined total value = 156,999,000,000

Strike 295250 has a total call value of 0 versus a total put value of 156,038,250,000 Combined total value = 156,038,250,000

Strike 295500 has a total call value of 0 versus a total put value of 155,077,500,000 Combined total value = 155,077,500,000

Strike 295750 has a total call value of 0 versus a total put value of 154,116,750,000 Combined total value = 154,116,750,000

Strike 296000 has a total call value of 0 versus a total put value of 153,156,000,000 Combined total value = 153,156,000,000

Strike 296250 has a total call value of 0 versus a total put value of 152,195,250,000 Combined total value = 152,195,250,000

Strike 296500 has a total call value of 0 versus a total put value of 151,234,500,000 Combined total value = 151,234,500,000

Strike 296750 has a total call value of 0 versus a total put value of 150,273,750,000 Combined total value = 150,273,750,000

Strike 297000 has a total call value of 0 versus a total put value of 149,313,000,000 Combined total value = 149,313,000,000

Strike 297250 has a total call value of 0 versus a total put value of 148,352,250,000 Combined total value = 148,352,250,000

Strike 297500 has a total call value of 0 versus a total put value of 147,391,500,000 Combined total value = 147,391,500,000

Strike 297750 has a total call value of 0 versus a total put value of 146,430,750,000 Combined total value = 146,430,750,000

Strike 298000 has a total call value of 0 versus a total put value of 145,470,000,000 Combined total value = 145,470,000,000

Strike 298250 has a total call value of 0 versus a total put value of 144,509,250,000 Combined total value = 144,509,250,000

Strike 298500 has a total call value of 0 versus a total put value of 143,548,500,000 Combined total value = 143,548,500,000

Strike 298750 has a total call value of 0 versus a total put value of 142,587,750,000 Combined total value = 142,587,750,000

Strike 299000 has a total call value of 0 versus a total put value of 141,627,000,000 Combined total value = 141,627,000,000

Strike 299250 has a total call value of 0 versus a total put value of 140,666,250,000 Combined total value = 140,666,250,000

Strike 299500 has a total call value of 0 versus a total put value of 139,705,500,000 Combined total value = 139,705,500,000

Strike 299750 has a total call value of 0 versus a total put value of 138,744,750,000 Combined total value = 138,744,750,000

Strike 300000 has a total call value of 0 versus a total put value of 137,784,000,000 Combined total value = 137,784,000,000

Strike 300250 has a total call value of 573,000,000 versus a total put value of 137,182,500,000 Combined total value = 137,755,500,000

Strike 300500 has a total call value of 1,146,000,000 versus a total put value of 136,581,000,000 Combined total value = 137,727,000,000

Strike 300750 has a total call value of 1,719,000,000 versus a total put value of 135,979,500,000 Combined total value = 137,698,500,000

Strike 301000 has a total call value of 2,292,000,000 versus a total put value of 135,378,000,000 Combined total value = 137,670,000,000

Strike 301250 has a total call value of 2,865,000,000 versus a total put value of 134,776,500,000 Combined total value = 137,641,500,000

Strike 301500 has a total call value of 3,438,000,000 versus a total put value of 134,175,000,000 Combined total value = 137,613,000,000

Strike 301750 has a total call value of 4,011,000,000 versus a total put value of 133,573,500,000 Combined total value = 137,584,500,000

Strike 302000 has a total call value of 4,584,000,000 versus a total put value of 132,972,000,000 Combined total value = 137,556,000,000

Strike 302250 has a total call value of 5,157,000,000 versus a total put value of 132,370,500,000 Combined total value = 137,527,500,000

Strike 302500 has a total call value of 5,730,000,000 versus a total put value of 131,769,000,000 Combined total value = 137,499,000,000

Strike 302750 has a total call value of 6,303,000,000 versus a total put value of 131,167,500,000 Combined total value = 137,470,500,000

Strike 303000 has a total call value of 6,876,000,000 versus a total put value of 130,566,000,000 Combined total value = 137,442,000,000

Strike 303250 has a total call value of 7,449,000,000 versus a total put value of 129,964,500,000 Combined total value = 137,413,500,000

Strike 303500 has a total call value of 8,022,000,000 versus a total put value of 129,363,000,000 Combined total value = 137,385,000,000

Strike 303750 has a total call value of 8,595,000,000 versus a total put value of 128,761,500,000 Combined total value = 137,356,500,000

Strike 304000 has a total call value of 9,168,000,000 versus a total put value of 128,160,000,000 Combined total value = 137,328,000,000

Strike 304250 has a total call value of 9,741,000,000 versus a total put value of 127,558,500,000 Combined total value = 137,299,500,000

Strike 304500 has a total call value of 10,314,000,000 versus a total put value of 126,957,000,000 Combined total value = 137,271,000,000

Strike 304750 has a total call value of 10,887,000,000 versus a total put value of 126,355,500,000 Combined total value = 137,242,500,000

Strike 305000 has a total call value of 11,460,000,000 versus a total put value of 125,754,000,000 Combined total value = 137,214,000,000

Strike 305250 has a total call value of 12,033,000,000 versus a total put value of 125,152,500,000 Combined total value = 137,185,500,000

Strike 305500 has a total call value of 12,606,000,000 versus a total put value of 124,551,000,000 Combined total value = 137,157,000,000

Strike 305750 has a total call value of 13,179,000,000 versus a total put value of 123,949,500,000 Combined total value = 137,128,500,000

Strike 306000 has a total call value of 13,752,000,000 versus a total put value of 123,348,000,000 Combined total value = 137,100,000,000

Strike 306250 has a total call value of 14,325,000,000 versus a total put value of 122,746,500,000 Combined total value = 137,071,500,000

Strike 306500 has a total call value of 14,898,000,000 versus a total put value of 122,145,000,000 Combined total value = 137,043,000,000

Strike 306750 has a total call value of 15,471,000,000 versus a total put value of 121,543,500,000 Combined total value = 137,014,500,000

Strike 307000 has a total call value of 16,044,000,000 versus a total put value of 120,942,000,000 Combined total value = 136,986,000,000

Strike 307250 has a total call value of 16,617,000,000 versus a total put value of 120,340,500,000 Combined total value = 136,957,500,000

Strike 307500 has a total call value of 17,190,000,000 versus a total put value of 119,739,000,000 Combined total value = 136,929,000,000

Strike 307750 has a total call value of 17,763,000,000 versus a total put value of 119,137,500,000 Combined total value = 136,900,500,000

Strike 308000 has a total call value of 18,336,000,000 versus a total put value of 118,536,000,000 Combined total value = 136,872,000,000

Strike 308250 has a total call value of 18,909,000,000 versus a total put value of 117,934,500,000 Combined total value = 136,843,500,000

Strike 308500 has a total call value of 19,482,000,000 versus a total put value of 117,333,000,000 Combined total value = 136,815,000,000

Strike 308750 has a total call value of 20,055,000,000 versus a total put value of 116,731,500,000 Combined total value = 136,786,500,000

Strike 309000 has a total call value of 20,628,000,000 versus a total put value of 116,130,000,000 Combined total value = 136,758,000,000

Strike 309250 has a total call value of 21,201,000,000 versus a total put value of 115,528,500,000 Combined total value = 136,729,500,000

Strike 309500 has a total call value of 21,774,000,000 versus a total put value of 114,927,000,000 Combined total value = 136,701,000,000

Strike 309750 has a total call value of 22,347,000,000 versus a total put value of 114,325,500,000 Combined total value = 136,672,500,000

Strike 310000 has a total call value of 22,920,000,000 versus a total put value of 113,724,000,000 Combined total value = 136,644,000,000

Strike 310250 has a total call value of 23,493,000,000 versus a total put value of 113,132,250,000 Combined total value = 136,625,250,000

Strike 310500 has a total call value of 24,066,000,000 versus a total put value of 112,540,500,000 Combined total value = 136,606,500,000

Strike 310750 has a total call value of 24,639,000,000 versus a total put value of 111,948,750,000 Combined total value = 136,587,750,000

Strike 311000 has a total call value of 25,212,000,000 versus a total put value of 111,357,000,000 Combined total value = 136,569,000,000

Strike 311250 has a total call value of 25,785,000,000 versus a total put value of 110,765,250,000 Combined total value = 136,550,250,000

Strike 311500 has a total call value of 26,358,000,000 versus a total put value of 110,173,500,000 Combined total value = 136,531,500,000

Strike 311750 has a total call value of 26,931,000,000 versus a total put value of 109,581,750,000 Combined total value = 136,512,750,000

Strike 312000 has a total call value of 27,504,000,000 versus a total put value of 108,990,000,000 Combined total value = 136,494,000,000

Strike 312250 has a total call value of 28,077,000,000 versus a total put value of 108,398,250,000 Combined total value = 136,475,250,000

Strike 312500 has a total call value of 28,650,000,000 versus a total put value of 107,806,500,000 Combined total value = 136,456,500,000

Strike 312750 has a total call value of 29,223,000,000 versus a total put value of 107,214,750,000 Combined total value = 136,437,750,000

Strike 313000 has a total call value of 29,796,000,000 versus a total put value of 106,623,000,000 Combined total value = 136,419,000,000

Strike 313250 has a total call value of 30,369,000,000 versus a total put value of 106,031,250,000 Combined total value = 136,400,250,000

Strike 313500 has a total call value of 30,942,000,000 versus a total put value of 105,439,500,000 Combined total value = 136,381,500,000

Strike 313750 has a total call value of 31,515,000,000 versus a total put value of 104,847,750,000 Combined total value = 136,362,750,000

Strike 314000 has a total call value of 32,088,000,000 versus a total put value of 104,256,000,000 Combined total value = 136,344,000,000

Strike 314250 has a total call value of 32,661,000,000 versus a total put value of 103,664,250,000 Combined total value = 136,325,250,000

Strike 314500 has a total call value of 33,234,000,000 versus a total put value of 103,072,500,000 Combined total value = 136,306,500,000

Strike 314750 has a total call value of 33,807,000,000 versus a total put value of 102,480,750,000 Combined total value = 136,287,750,000

Strike 315000 has a total call value of 34,380,000,000 versus a total put value of 101,889,000,000 Combined total value = 136,269,000,000

Strike 315250 has a total call value of 34,953,000,000 versus a total put value of 101,297,250,000 Combined total value = 136,250,250,000

Strike 315500 has a total call value of 35,526,000,000 versus a total put value of 100,705,500,000 Combined total value = 136,231,500,000

Strike 315750 has a total call value of 36,099,000,000 versus a total put value of 100,113,750,000 Combined total value = 136,212,750,000

Strike 316000 has a total call value of 36,672,000,000 versus a total put value of 99,522,000,000 Combined total value = 136,194,000,000

Strike 316250 has a total call value of 37,245,000,000 versus a total put value of 98,930,250,000 Combined total value = 136,175,250,000

Strike 316500 has a total call value of 37,818,000,000 versus a total put value of 98,338,500,000 Combined total value = 136,156,500,000

Strike 316750 has a total call value of 38,391,000,000 versus a total put value of 97,746,750,000 Combined total value = 136,137,750,000

Strike 317000 has a total call value of 38,964,000,000 versus a total put value of 97,155,000,000 Combined total value = 136,119,000,000

Strike 317250 has a total call value of 39,537,000,000 versus a total put value of 96,563,250,000 Combined total value = 136,100,250,000

Strike 317500 has a total call value of 40,110,000,000 versus a total put value of 95,971,500,000 Combined total value = 136,081,500,000

Strike 317750 has a total call value of 40,683,000,000 versus a total put value of 95,379,750,000 Combined total value = 136,062,750,000

Strike 318000 has a total call value of 41,256,000,000 versus a total put value of 94,788,000,000 Combined total value = 136,044,000,000

Strike 318250 has a total call value of 41,829,000,000 versus a total put value of 94,196,250,000 Combined total value = 136,025,250,000

Strike 318500 has a total call value of 42,402,000,000 versus a total put value of 93,604,500,000 Combined total value = 136,006,500,000

Strike 318750 has a total call value of 42,975,000,000 versus a total put value of 93,012,750,000 Combined total value = 135,987,750,000

Strike 319000 has a total call value of 43,548,000,000 versus a total put value of 92,421,000,000 Combined total value = 135,969,000,000

Strike 319250 has a total call value of 44,121,000,000 versus a total put value of 91,829,250,000 Combined total value = 135,950,250,000

Strike 319500 has a total call value of 44,694,000,000 versus a total put value of 91,237,500,000 Combined total value = 135,931,500,000

Strike 319750 has a total call value of 45,267,000,000 versus a total put value of 90,645,750,000 Combined total value = 135,912,750,000

Strike 320000 has a total call value of 45,840,000,000 versus a total put value of 90,054,000,000 Combined total value = 135,894,000,000

Strike 320250 has a total call value of 46,458,750,000 versus a total put value of 89,505,750,000 Combined total value = 135,964,500,000

Strike 320500 has a total call value of 47,077,500,000 versus a total put value of 88,957,500,000 Combined total value = 136,035,000,000

Strike 320750 has a total call value of 47,696,250,000 versus a total put value of 88,409,250,000 Combined total value = 136,105,500,000

Strike 321000 has a total call value of 48,315,000,000 versus a total put value of 87,861,000,000 Combined total value = 136,176,000,000

Strike 321250 has a total call value of 48,933,750,000 versus a total put value of 87,312,750,000 Combined total value = 136,246,500,000

Strike 321500 has a total call value of 49,552,500,000 versus a total put value of 86,764,500,000 Combined total value = 136,317,000,000

Strike 321750 has a total call value of 50,171,250,000 versus a total put value of 86,216,250,000 Combined total value = 136,387,500,000

Strike 322000 has a total call value of 50,790,000,000 versus a total put value of 85,668,000,000 Combined total value = 136,458,000,000

Strike 322250 has a total call value of 51,408,750,000 versus a total put value of 85,119,750,000 Combined total value = 136,528,500,000

Strike 322500 has a total call value of 52,027,500,000 versus a total put value of 84,571,500,000 Combined total value = 136,599,000,000

Strike 322750 has a total call value of 52,646,250,000 versus a total put value of 84,023,250,000 Combined total value = 136,669,500,000

Strike 323000 has a total call value of 53,265,000,000 versus a total put value of 83,475,000,000 Combined total value = 136,740,000,000

Strike 323250 has a total call value of 53,883,750,000 versus a total put value of 82,926,750,000 Combined total value = 136,810,500,000

Strike 323500 has a total call value of 54,502,500,000 versus a total put value of 82,378,500,000 Combined total value = 136,881,000,000

Strike 323750 has a total call value of 55,121,250,000 versus a total put value of 81,830,250,000 Combined total value = 136,951,500,000

Strike 324000 has a total call value of 55,740,000,000 versus a total put value of 81,282,000,000 Combined total value = 137,022,000,000

Strike 324250 has a total call value of 56,358,750,000 versus a total put value of 80,733,750,000 Combined total value = 137,092,500,000

Strike 324500 has a total call value of 56,977,500,000 versus a total put value of 80,185,500,000 Combined total value = 137,163,000,000

Strike 324750 has a total call value of 57,596,250,000 versus a total put value of 79,637,250,000 Combined total value = 137,233,500,000

Strike 325000 has a total call value of 58,215,000,000 versus a total put value of 79,089,000,000 Combined total value = 137,304,000,000

Strike 325250 has a total call value of 58,833,750,000 versus a total put value of 78,554,250,000 Combined total value = 137,388,000,000

Strike 325500 has a total call value of 59,452,500,000 versus a total put value of 78,019,500,000 Combined total value = 137,472,000,000

Strike 325750 has a total call value of 60,071,250,000 versus a total put value of 77,484,750,000 Combined total value = 137,556,000,000

Strike 326000 has a total call value of 60,690,000,000 versus a total put value of 76,950,000,000 Combined total value = 137,640,000,000

Strike 326250 has a total call value of 61,308,750,000 versus a total put value of 76,415,250,000 Combined total value = 137,724,000,000

Strike 326500 has a total call value of 61,927,500,000 versus a total put value of 75,880,500,000 Combined total value = 137,808,000,000

Strike 326750 has a total call value of 62,546,250,000 versus a total put value of 75,345,750,000 Combined total value = 137,892,000,000

Strike 327000 has a total call value of 63,165,000,000 versus a total put value of 74,811,000,000 Combined total value = 137,976,000,000

Strike 327250 has a total call value of 63,783,750,000 versus a total put value of 74,276,250,000 Combined total value = 138,060,000,000

Strike 327500 has a total call value of 64,402,500,000 versus a total put value of 73,741,500,000 Combined total value = 138,144,000,000

Strike 327750 has a total call value of 65,021,250,000 versus a total put value of 73,206,750,000 Combined total value = 138,228,000,000

Strike 328000 has a total call value of 65,640,000,000 versus a total put value of 72,672,000,000 Combined total value = 138,312,000,000

Strike 328250 has a total call value of 66,258,750,000 versus a total put value of 72,137,250,000 Combined total value = 138,396,000,000

Strike 328500 has a total call value of 66,877,500,000 versus a total put value of 71,602,500,000 Combined total value = 138,480,000,000

Strike 328750 has a total call value of 67,496,250,000 versus a total put value of 71,067,750,000 Combined total value = 138,564,000,000

Strike 329000 has a total call value of 68,115,000,000 versus a total put value of 70,533,000,000 Combined total value = 138,648,000,000

Strike 329250 has a total call value of 68,733,750,000 versus a total put value of 69,998,250,000 Combined total value = 138,732,000,000

Strike 329500 has a total call value of 69,352,500,000 versus a total put value of 69,463,500,000 Combined total value = 138,816,000,000

Strike 329750 has a total call value of 69,971,250,000 versus a total put value of 68,928,750,000 Combined total value = 138,900,000,000

Strike 330000 has a total call value of 70,590,000,000 versus a total put value of 68,394,000,000 Combined total value = 138,984,000,000

Strike 330250 has a total call value of 71,292,750,000 versus a total put value of 67,977,000,000 Combined total value = 139,269,750,000

Strike 330500 has a total call value of 71,995,500,000 versus a total put value of 67,560,000,000 Combined total value = 139,555,500,000

Strike 330750 has a total call value of 72,698,250,000 versus a total put value of 67,143,000,000 Combined total value = 139,841,250,000

Strike 331000 has a total call value of 73,401,000,000 versus a total put value of 66,726,000,000 Combined total value = 140,127,000,000

Strike 331250 has a total call value of 74,103,750,000 versus a total put value of 66,309,000,000 Combined total value = 140,412,750,000

Strike 331500 has a total call value of 74,806,500,000 versus a total put value of 65,892,000,000 Combined total value = 140,698,500,000

Strike 331750 has a total call value of 75,509,250,000 versus a total put value of 65,475,000,000 Combined total value = 140,984,250,000

Strike 332000 has a total call value of 76,212,000,000 versus a total put value of 65,058,000,000 Combined total value = 141,270,000,000

Strike 332250 has a total call value of 76,914,750,000 versus a total put value of 64,641,000,000 Combined total value = 141,555,750,000

Strike 332500 has a total call value of 77,617,500,000 versus a total put value of 64,224,000,000 Combined total value = 141,841,500,000

Strike 332750 has a total call value of 78,320,250,000 versus a total put value of 63,807,000,000 Combined total value = 142,127,250,000

Strike 333000 has a total call value of 79,023,000,000 versus a total put value of 63,390,000,000 Combined total value = 142,413,000,000

Strike 333250 has a total call value of 79,725,750,000 versus a total put value of 62,973,000,000 Combined total value = 142,698,750,000

Strike 333500 has a total call value of 80,428,500,000 versus a total put value of 62,556,000,000 Combined total value = 142,984,500,000

Strike 333750 has a total call value of 81,131,250,000 versus a total put value of 62,139,000,000 Combined total value = 143,270,250,000

Strike 334000 has a total call value of 81,834,000,000 versus a total put value of 61,722,000,000 Combined total value = 143,556,000,000

Strike 334250 has a total call value of 82,536,750,000 versus a total put value of 61,305,000,000 Combined total value = 143,841,750,000

Strike 334500 has a total call value of 83,239,500,000 versus a total put value of 60,888,000,000 Combined total value = 144,127,500,000

Strike 334750 has a total call value of 83,942,250,000 versus a total put value of 60,471,000,000 Combined total value = 144,413,250,000

Strike 335000 has a total call value of 84,645,000,000 versus a total put value of 60,054,000,000 Combined total value = 144,699,000,000

Strike 335250 has a total call value of 85,362,000,000 versus a total put value of 59,652,000,000 Combined total value = 145,014,000,000

Strike 335500 has a total call value of 86,079,000,000 versus a total put value of 59,250,000,000 Combined total value = 145,329,000,000

Strike 335750 has a total call value of 86,796,000,000 versus a total put value of 58,848,000,000 Combined total value = 145,644,000,000

Strike 336000 has a total call value of 87,513,000,000 versus a total put value of 58,446,000,000 Combined total value = 145,959,000,000

Strike 336250 has a total call value of 88,230,000,000 versus a total put value of 58,044,000,000 Combined total value = 146,274,000,000

Strike 336500 has a total call value of 88,947,000,000 versus a total put value of 57,642,000,000 Combined total value = 146,589,000,000

Strike 336750 has a total call value of 89,664,000,000 versus a total put value of 57,240,000,000 Combined total value = 146,904,000,000

Strike 337000 has a total call value of 90,381,000,000 versus a total put value of 56,838,000,000 Combined total value = 147,219,000,000

Strike 337250 has a total call value of 91,098,000,000 versus a total put value of 56,436,000,000 Combined total value = 147,534,000,000

Strike 337500 has a total call value of 91,815,000,000 versus a total put value of 56,034,000,000 Combined total value = 147,849,000,000

Strike 337750 has a total call value of 92,532,000,000 versus a total put value of 55,632,000,000 Combined total value = 148,164,000,000

Strike 338000 has a total call value of 93,249,000,000 versus a total put value of 55,230,000,000 Combined total value = 148,479,000,000

Strike 338250 has a total call value of 93,966,000,000 versus a total put value of 54,828,000,000 Combined total value = 148,794,000,000

Strike 338500 has a total call value of 94,683,000,000 versus a total put value of 54,426,000,000 Combined total value = 149,109,000,000

Strike 338750 has a total call value of 95,400,000,000 versus a total put value of 54,024,000,000 Combined total value = 149,424,000,000

Strike 339000 has a total call value of 96,117,000,000 versus a total put value of 53,622,000,000 Combined total value = 149,739,000,000

Strike 339250 has a total call value of 96,834,000,000 versus a total put value of 53,220,000,000 Combined total value = 150,054,000,000

Strike 339500 has a total call value of 97,551,000,000 versus a total put value of 52,818,000,000 Combined total value = 150,369,000,000

Strike 339750 has a total call value of 98,268,000,000 versus a total put value of 52,416,000,000 Combined total value = 150,684,000,000

Strike 340000 has a total call value of 98,985,000,000 versus a total put value of 52,014,000,000 Combined total value = 150,999,000,000

Strike 340250 has a total call value of 99,771,750,000 versus a total put value of 51,663,750,000 Combined total value = 151,435,500,000

Strike 340500 has a total call value of 100,558,500,000 versus a total put value of 51,313,500,000 Combined total value = 151,872,000,000

Strike 340750 has a total call value of 101,345,250,000 versus a total put value of 50,963,250,000 Combined total value = 152,308,500,000

Strike 341000 has a total call value of 102,132,000,000 versus a total put value of 50,613,000,000 Combined total value = 152,745,000,000

Strike 341250 has a total call value of 102,918,750,000 versus a total put value of 50,262,750,000 Combined total value = 153,181,500,000

Strike 341500 has a total call value of 103,705,500,000 versus a total put value of 49,912,500,000 Combined total value = 153,618,000,000

Strike 341750 has a total call value of 104,492,250,000 versus a total put value of 49,562,250,000 Combined total value = 154,054,500,000

Strike 342000 has a total call value of 105,279,000,000 versus a total put value of 49,212,000,000 Combined total value = 154,491,000,000

Strike 342250 has a total call value of 106,065,750,000 versus a total put value of 48,861,750,000 Combined total value = 154,927,500,000

Strike 342500 has a total call value of 106,852,500,000 versus a total put value of 48,511,500,000 Combined total value = 155,364,000,000

Strike 342750 has a total call value of 107,639,250,000 versus a total put value of 48,161,250,000 Combined total value = 155,800,500,000

Strike 343000 has a total call value of 108,426,000,000 versus a total put value of 47,811,000,000 Combined total value = 156,237,000,000

Strike 343250 has a total call value of 109,212,750,000 versus a total put value of 47,460,750,000 Combined total value = 156,673,500,000

Strike 343500 has a total call value of 109,999,500,000 versus a total put value of 47,110,500,000 Combined total value = 157,110,000,000

Strike 343750 has a total call value of 110,786,250,000 versus a total put value of 46,760,250,000 Combined total value = 157,546,500,000

Strike 344000 has a total call value of 111,573,000,000 versus a total put value of 46,410,000,000 Combined total value = 157,983,000,000

Strike 344250 has a total call value of 112,365,000,000 versus a total put value of 46,059,750,000 Combined total value = 158,424,750,000

Strike 344500 has a total call value of 113,157,000,000 versus a total put value of 45,709,500,000 Combined total value = 158,866,500,000

Strike 344750 has a total call value of 113,949,000,000 versus a total put value of 45,359,250,000 Combined total value = 159,308,250,000

Strike 345000 has a total call value of 114,741,000,000 versus a total put value of 45,009,000,000 Combined total value = 159,750,000,000

Strike 345250 has a total call value of 115,533,000,000 versus a total put value of 44,658,750,000 Combined total value = 160,191,750,000

Strike 345500 has a total call value of 116,325,000,000 versus a total put value of 44,308,500,000 Combined total value = 160,633,500,000

Strike 345750 has a total call value of 117,117,000,000 versus a total put value of 43,958,250,000 Combined total value = 161,075,250,000

Strike 346000 has a total call value of 117,909,000,000 versus a total put value of 43,608,000,000 Combined total value = 161,517,000,000

Strike 346250 has a total call value of 118,701,000,000 versus a total put value of 43,257,750,000 Combined total value = 161,958,750,000

Strike 346500 has a total call value of 119,493,000,000 versus a total put value of 42,907,500,000 Combined total value = 162,400,500,000

Strike 346750 has a total call value of 120,285,000,000 versus a total put value of 42,557,250,000 Combined total value = 162,842,250,000

Strike 347000 has a total call value of 121,077,000,000 versus a total put value of 42,207,000,000 Combined total value = 163,284,000,000

Strike 347250 has a total call value of 121,869,000,000 versus a total put value of 41,856,750,000 Combined total value = 163,725,750,000

Strike 347500 has a total call value of 122,661,000,000 versus a total put value of 41,506,500,000 Combined total value = 164,167,500,000

Strike 347750 has a total call value of 123,453,000,000 versus a total put value of 41,156,250,000 Combined total value = 164,609,250,000

Strike 348000 has a total call value of 124,245,000,000 versus a total put value of 40,806,000,000 Combined total value = 165,051,000,000

Strike 348250 has a total call value of 125,037,000,000 versus a total put value of 40,455,750,000 Combined total value = 165,492,750,000

Strike 348500 has a total call value of 125,829,000,000 versus a total put value of 40,105,500,000 Combined total value = 165,934,500,000

Strike 348750 has a total call value of 126,621,000,000 versus a total put value of 39,755,250,000 Combined total value = 166,376,250,000

Strike 349000 has a total call value of 127,413,000,000 versus a total put value of 39,405,000,000 Combined total value = 166,818,000,000

Strike 349250 has a total call value of 128,205,000,000 versus a total put value of 39,054,750,000 Combined total value = 167,259,750,000

Strike 349500 has a total call value of 128,997,000,000 versus a total put value of 38,704,500,000 Combined total value = 167,701,500,000

Strike 349750 has a total call value of 129,789,000,000 versus a total put value of 38,354,250,000 Combined total value = 168,143,250,000

Strike 350000 has a total call value of 130,581,000,000 versus a total put value of 38,004,000,000 Combined total value = 168,585,000,000

Strike 350250 has a total call value of 131,382,750,000 versus a total put value of 37,701,000,000 Combined total value = 169,083,750,000

Strike 350500 has a total call value of 132,184,500,000 versus a total put value of 37,398,000,000 Combined total value = 169,582,500,000

Strike 350750 has a total call value of 132,986,250,000 versus a total put value of 37,095,000,000 Combined total value = 170,081,250,000

Strike 351000 has a total call value of 133,788,000,000 versus a total put value of 36,792,000,000 Combined total value = 170,580,000,000

Strike 351250 has a total call value of 134,589,750,000 versus a total put value of 36,489,000,000 Combined total value = 171,078,750,000

Strike 351500 has a total call value of 135,391,500,000 versus a total put value of 36,186,000,000 Combined total value = 171,577,500,000

Strike 351750 has a total call value of 136,193,250,000 versus a total put value of 35,883,000,000 Combined total value = 172,076,250,000

Strike 352000 has a total call value of 136,995,000,000 versus a total put value of 35,580,000,000 Combined total value = 172,575,000,000

Strike 352250 has a total call value of 137,796,750,000 versus a total put value of 35,277,000,000 Combined total value = 173,073,750,000

Strike 352500 has a total call value of 138,598,500,000 versus a total put value of 34,974,000,000 Combined total value = 173,572,500,000

Strike 352750 has a total call value of 139,400,250,000 versus a total put value of 34,671,000,000 Combined total value = 174,071,250,000

Strike 353000 has a total call value of 140,202,000,000 versus a total put value of 34,368,000,000 Combined total value = 174,570,000,000

Strike 353250 has a total call value of 141,003,750,000 versus a total put value of 34,065,000,000 Combined total value = 175,068,750,000

Strike 353500 has a total call value of 141,805,500,000 versus a total put value of 33,762,000,000 Combined total value = 175,567,500,000

Strike 353750 has a total call value of 142,607,250,000 versus a total put value of 33,459,000,000 Combined total value = 176,066,250,000

Strike 354000 has a total call value of 143,409,000,000 versus a total put value of 33,156,000,000 Combined total value = 176,565,000,000

Strike 354250 has a total call value of 144,210,750,000 versus a total put value of 32,853,000,000 Combined total value = 177,063,750,000

Strike 354500 has a total call value of 145,012,500,000 versus a total put value of 32,550,000,000 Combined total value = 177,562,500,000

Strike 354750 has a total call value of 145,814,250,000 versus a total put value of 32,247,000,000 Combined total value = 178,061,250,000

Strike 355000 has a total call value of 146,616,000,000 versus a total put value of 31,944,000,000 Combined total value = 178,560,000,000

Strike 355250 has a total call value of 147,417,750,000 versus a total put value of 31,644,000,000 Combined total value = 179,061,750,000

Strike 355500 has a total call value of 148,219,500,000 versus a total put value of 31,344,000,000 Combined total value = 179,563,500,000

Strike 355750 has a total call value of 149,021,250,000 versus a total put value of 31,044,000,000 Combined total value = 180,065,250,000

Strike 356000 has a total call value of 149,823,000,000 versus a total put value of 30,744,000,000 Combined total value = 180,567,000,000

Strike 356250 has a total call value of 150,624,750,000 versus a total put value of 30,444,000,000 Combined total value = 181,068,750,000

Strike 356500 has a total call value of 151,426,500,000 versus a total put value of 30,144,000,000 Combined total value = 181,570,500,000

Strike 356750 has a total call value of 152,228,250,000 versus a total put value of 29,844,000,000 Combined total value = 182,072,250,000

Strike 357000 has a total call value of 153,030,000,000 versus a total put value of 29,544,000,000 Combined total value = 182,574,000,000

Strike 357250 has a total call value of 153,831,750,000 versus a total put value of 29,244,000,000 Combined total value = 183,075,750,000

Strike 357500 has a total call value of 154,633,500,000 versus a total put value of 28,944,000,000 Combined total value = 183,577,500,000

Strike 357750 has a total call value of 155,435,250,000 versus a total put value of 28,644,000,000 Combined total value = 184,079,250,000

Strike 358000 has a total call value of 156,237,000,000 versus a total put value of 28,344,000,000 Combined total value = 184,581,000,000

Strike 358250 has a total call value of 157,038,750,000 versus a total put value of 28,044,000,000 Combined total value = 185,082,750,000

Strike 358500 has a total call value of 157,840,500,000 versus a total put value of 27,744,000,000 Combined total value = 185,584,500,000

Strike 358750 has a total call value of 158,642,250,000 versus a total put value of 27,444,000,000 Combined total value = 186,086,250,000

Strike 359000 has a total call value of 159,444,000,000 versus a total put value of 27,144,000,000 Combined total value = 186,588,000,000

Strike 359250 has a total call value of 160,245,750,000 versus a total put value of 26,844,000,000 Combined total value = 187,089,750,000

Strike 359500 has a total call value of 161,047,500,000 versus a total put value of 26,544,000,000 Combined total value = 187,591,500,000

Strike 359750 has a total call value of 161,849,250,000 versus a total put value of 26,244,000,000 Combined total value = 188,093,250,000

Strike 360000 has a total call value of 162,651,000,000 versus a total put value of 25,944,000,000 Combined total value = 188,595,000,000

Strike 360250 has a total call value of 163,501,500,000 versus a total put value of 25,709,250,000 Combined total value = 189,210,750,000

Strike 360500 has a total call value of 164,352,000,000 versus a total put value of 25,474,500,000 Combined total value = 189,826,500,000

Strike 360750 has a total call value of 165,202,500,000 versus a total put value of 25,239,750,000 Combined total value = 190,442,250,000

Strike 361000 has a total call value of 166,053,000,000 versus a total put value of 25,005,000,000 Combined total value = 191,058,000,000

Strike 361250 has a total call value of 166,903,500,000 versus a total put value of 24,770,250,000 Combined total value = 191,673,750,000

Strike 361500 has a total call value of 167,754,000,000 versus a total put value of 24,535,500,000 Combined total value = 192,289,500,000

Strike 361750 has a total call value of 168,604,500,000 versus a total put value of 24,300,750,000 Combined total value = 192,905,250,000

Strike 362000 has a total call value of 169,455,000,000 versus a total put value of 24,066,000,000 Combined total value = 193,521,000,000

Strike 362250 has a total call value of 170,305,500,000 versus a total put value of 23,831,250,000 Combined total value = 194,136,750,000

Strike 362500 has a total call value of 171,156,000,000 versus a total put value of 23,596,500,000 Combined total value = 194,752,500,000

Strike 362750 has a total call value of 172,006,500,000 versus a total put value of 23,361,750,000 Combined total value = 195,368,250,000

Strike 363000 has a total call value of 172,857,000,000 versus a total put value of 23,127,000,000 Combined total value = 195,984,000,000

Strike 363250 has a total call value of 173,707,500,000 versus a total put value of 22,892,250,000 Combined total value = 196,599,750,000

Strike 363500 has a total call value of 174,558,000,000 versus a total put value of 22,657,500,000 Combined total value = 197,215,500,000

Strike 363750 has a total call value of 175,408,500,000 versus a total put value of 22,422,750,000 Combined total value = 197,831,250,000

Strike 364000 has a total call value of 176,259,000,000 versus a total put value of 22,188,000,000 Combined total value = 198,447,000,000

Strike 364250 has a total call value of 177,109,500,000 versus a total put value of 21,953,250,000 Combined total value = 199,062,750,000

Strike 364500 has a total call value of 177,960,000,000 versus a total put value of 21,718,500,000 Combined total value = 199,678,500,000

Strike 364750 has a total call value of 178,810,500,000 versus a total put value of 21,483,750,000 Combined total value = 200,294,250,000

Strike 365000 has a total call value of 179,661,000,000 versus a total put value of 21,249,000,000 Combined total value = 200,910,000,000

Strike 365250 has a total call value of 180,648,750,000 versus a total put value of 21,110,250,000 Combined total value = 201,759,000,000

Strike 365500 has a total call value of 181,636,500,000 versus a total put value of 20,971,500,000 Combined total value = 202,608,000,000

Strike 365750 has a total call value of 182,624,250,000 versus a total put value of 20,832,750,000 Combined total value = 203,457,000,000

Strike 366000 has a total call value of 183,612,000,000 versus a total put value of 20,694,000,000 Combined total value = 204,306,000,000

Strike 366250 has a total call value of 184,599,750,000 versus a total put value of 20,555,250,000 Combined total value = 205,155,000,000

Strike 367000 has a total call value of 187,563,000,000 versus a total put value of 20,139,000,000 Combined total value = 207,702,000,000

Strike 368000 has a total call value of 191,514,000,000 versus a total put value of 19,584,000,000 Combined total value = 211,098,000,000

Strike 369000 has a total call value of 195,465,000,000 versus a total put value of 19,029,000,000 Combined total value = 214,494,000,000

Strike 370000 has a total call value of 199,416,000,000 versus a total put value of 18,474,000,000 Combined total value = 217,890,000,000

Strike 371000 has a total call value of 203,370,000,000 versus a total put value of 17,931,000,000 Combined total value = 221,301,000,000

Strike 372000 has a total call value of 207,324,000,000 versus a total put value of 17,388,000,000 Combined total value = 224,712,000,000

Strike 373000 has a total call value of 211,278,000,000 versus a total put value of 16,845,000,000 Combined total value = 228,123,000,000

Strike 374000 has a total call value of 215,232,000,000 versus a total put value of 16,302,000,000 Combined total value = 231,534,000,000

Strike 375000 has a total call value of 219,186,000,000 versus a total put value of 15,759,000,000 Combined total value = 234,945,000,000

Strike 376000 has a total call value of 223,140,000,000 versus a total put value of 15,219,000,000 Combined total value = 238,359,000,000

Strike 377000 has a total call value of 227,094,000,000 versus a total put value of 14,679,000,000 Combined total value = 241,773,000,000

Strike 378000 has a total call value of 231,048,000,000 versus a total put value of 14,139,000,000 Combined total value = 245,187,000,000

Strike 379000 has a total call value of 235,002,000,000 versus a total put value of 13,599,000,000 Combined total value = 248,601,000,000

Strike 380000 has a total call value of 238,956,000,000 versus a total put value of 13,059,000,000 Combined total value = 252,015,000,000

Strike 381000 has a total call value of 242,910,000,000 versus a total put value of 12,528,000,000 Combined total value = 255,438,000,000

Strike 382000 has a total call value of 246,864,000,000 versus a total put value of 11,997,000,000 Combined total value = 258,861,000,000

Strike 383000 has a total call value of 250,818,000,000 versus a total put value of 11,466,000,000 Combined total value = 262,284,000,000

Strike 384000 has a total call value of 254,772,000,000 versus a total put value of 10,935,000,000 Combined total value = 265,707,000,000

Strike 385000 has a total call value of 258,726,000,000 versus a total put value of 10,404,000,000 Combined total value = 269,130,000,000

Strike 386000 has a total call value of 262,680,000,000 versus a total put value of 9,873,000,000 Combined total value = 272,553,000,000

Strike 387000 has a total call value of 266,634,000,000 versus a total put value of 9,342,000,000 Combined total value = 275,976,000,000

Strike 388000 has a total call value of 270,588,000,000 versus a total put value of 8,811,000,000 Combined total value = 279,399,000,000

Strike 389000 has a total call value of 274,542,000,000 versus a total put value of 8,280,000,000 Combined total value = 282,822,000,000

Strike 390000 has a total call value of 278,496,000,000 versus a total put value of 7,749,000,000 Combined total value = 286,245,000,000

Strike 391000 has a total call value of 282,450,000,000 versus a total put value of 7,227,000,000 Combined total value = 289,677,000,000

Strike 392000 has a total call value of 286,404,000,000 versus a total put value of 6,705,000,000 Combined total value = 293,109,000,000

Strike 393000 has a total call value of 290,358,000,000 versus a total put value of 6,183,000,000 Combined total value = 296,541,000,000

Strike 394000 has a total call value of 294,312,000,000 versus a total put value of 5,661,000,000 Combined total value = 299,973,000,000

Strike 395000 has a total call value of 298,266,000,000 versus a total put value of 5,139,000,000 Combined total value = 303,405,000,000

Strike 396000 has a total call value of 302,220,000,000 versus a total put value of 4,617,000,000 Combined total value = 306,837,000,000

Strike 397000 has a total call value of 306,174,000,000 versus a total put value of 4,095,000,000 Combined total value = 310,269,000,000

Strike 398000 has a total call value of 310,128,000,000 versus a total put value of 3,573,000,000 Combined total value = 313,701,000,000

Strike 399000 has a total call value of 314,082,000,000 versus a total put value of 3,051,000,000 Combined total value = 317,133,000,000

Strike 400000 has a total call value of 318,036,000,000 versus a total put value of 2,529,000,000 Combined total value = 320,565,000,000

Strike 401000 has a total call value of 322,395,000,000 versus a total put value of 2,400,000,000 Combined total value = 324,795,000,000

Strike 402000 has a total call value of 326,754,000,000 versus a total put value of 2,271,000,000 Combined total value = 329,025,000,000

Strike 403000 has a total call value of 331,113,000,000 versus a total put value of 2,142,000,000 Combined total value = 333,255,000,000

Strike 404000 has a total call value of 335,472,000,000 versus a total put value of 2,013,000,000 Combined total value = 337,485,000,000

Strike 405000 has a total call value of 339,831,000,000 versus a total put value of 1,890,000,000 Combined total value = 341,721,000,000

Strike 406000 has a total call value of 344,205,000,000 versus a total put value of 1,788,000,000 Combined total value = 345,993,000,000

Strike 407000 has a total call value of 348,579,000,000 versus a total put value of 1,686,000,000 Combined total value = 350,265,000,000

Strike 408000 has a total call value of 352,953,000,000 versus a total put value of 1,584,000,000 Combined total value = 354,537,000,000

Strike 409000 has a total call value of 357,327,000,000 versus a total put value of 1,482,000,000 Combined total value = 358,809,000,000

Strike 410000 has a total call value of 361,701,000,000 versus a total put value of 1,380,000,000 Combined total value = 363,081,000,000

Strike 411000 has a total call value of 366,084,000,000 versus a total put value of 1,281,000,000 Combined total value = 367,365,000,000

Strike 412000 has a total call value of 370,467,000,000 versus a total put value of 1,182,000,000 Combined total value = 371,649,000,000

Strike 413000 has a total call value of 374,850,000,000 versus a total put value of 1,083,000,000 Combined total value = 375,933,000,000

Strike 414000 has a total call value of 379,233,000,000 versus a total put value of 984,000,000 Combined total value = 380,217,000,000

Strike 415000 has a total call value of 383,616,000,000 versus a total put value of 885,000,000 Combined total value = 384,501,000,000

Strike 416000 has a total call value of 388,008,000,000 versus a total put value of 792,000,000 Combined total value = 388,800,000,000

Strike 417000 has a total call value of 392,400,000,000 versus a total put value of 699,000,000 Combined total value = 393,099,000,000

Strike 418000 has a total call value of 396,792,000,000 versus a total put value of 606,000,000 Combined total value = 397,398,000,000

Strike 419000 has a total call value of 401,184,000,000 versus a total put value of 513,000,000 Combined total value = 401,697,000,000

Strike 420000 has a total call value of 405,576,000,000 versus a total put value of 420,000,000 Combined total value = 405,996,000,000

Strike 421000 has a total call value of 409,971,000,000 versus a total put value of 336,000,000 Combined total value = 410,307,000,000

Strike 422000 has a total call value of 414,366,000,000 versus a total put value of 252,000,000 Combined total value = 414,618,000,000

Strike 423000 has a total call value of 418,761,000,000 versus a total put value of 168,000,000 Combined total value = 418,929,000,000

Strike 424000 has a total call value of 423,156,000,000 versus a total put value of 84,000,000 Combined total value = 423,240,000,000

Strike 425000 has a total call value of 427,551,000,000 versus a total put value of 0 Combined total value = 427,551,000,000

Max-Pain Table for Commodity

Stock Max-Pain Index Max-Pain

LTP > Max Pain Bearish

LTP < Max Pain Bullish

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

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