SILVER
SilverMax Pain - SILVER
Strike 125000 has a total call value of 0 versus a total put value of 1,114,254,750,000 Combined total value = 1,114,254,750,000
Strike 125250 has a total call value of 0 versus a total put value of 1,105,525,500,000 Combined total value = 1,105,525,500,000
Strike 125500 has a total call value of 0 versus a total put value of 1,096,796,250,000 Combined total value = 1,096,796,250,000
Strike 125750 has a total call value of 0 versus a total put value of 1,088,067,000,000 Combined total value = 1,088,067,000,000
Strike 126000 has a total call value of 0 versus a total put value of 1,079,337,750,000 Combined total value = 1,079,337,750,000
Strike 126250 has a total call value of 0 versus a total put value of 1,070,608,500,000 Combined total value = 1,070,608,500,000
Strike 126500 has a total call value of 0 versus a total put value of 1,061,879,250,000 Combined total value = 1,061,879,250,000
Strike 126750 has a total call value of 0 versus a total put value of 1,053,150,000,000 Combined total value = 1,053,150,000,000
Strike 127000 has a total call value of 0 versus a total put value of 1,044,420,750,000 Combined total value = 1,044,420,750,000
Strike 127250 has a total call value of 0 versus a total put value of 1,035,691,500,000 Combined total value = 1,035,691,500,000
Strike 127500 has a total call value of 0 versus a total put value of 1,026,962,250,000 Combined total value = 1,026,962,250,000
Strike 127750 has a total call value of 0 versus a total put value of 1,018,233,000,000 Combined total value = 1,018,233,000,000
Strike 128000 has a total call value of 0 versus a total put value of 1,009,503,750,000 Combined total value = 1,009,503,750,000
Strike 128250 has a total call value of 0 versus a total put value of 1,000,774,500,000 Combined total value = 1,000,774,500,000
Strike 128500 has a total call value of 0 versus a total put value of 992,045,250,000 Combined total value = 992,045,250,000
Strike 128750 has a total call value of 0 versus a total put value of 983,316,000,000 Combined total value = 983,316,000,000
Strike 129000 has a total call value of 0 versus a total put value of 974,586,750,000 Combined total value = 974,586,750,000
Strike 129250 has a total call value of 0 versus a total put value of 965,857,500,000 Combined total value = 965,857,500,000
Strike 129500 has a total call value of 0 versus a total put value of 957,128,250,000 Combined total value = 957,128,250,000
Strike 129750 has a total call value of 0 versus a total put value of 948,399,000,000 Combined total value = 948,399,000,000
Strike 130000 has a total call value of 0 versus a total put value of 939,669,750,000 Combined total value = 939,669,750,000
Strike 130250 has a total call value of 0 versus a total put value of 931,602,750,000 Combined total value = 931,602,750,000
Strike 130500 has a total call value of 0 versus a total put value of 923,535,750,000 Combined total value = 923,535,750,000
Strike 130750 has a total call value of 0 versus a total put value of 915,468,750,000 Combined total value = 915,468,750,000
Strike 131000 has a total call value of 0 versus a total put value of 907,401,750,000 Combined total value = 907,401,750,000
Strike 131250 has a total call value of 0 versus a total put value of 899,334,750,000 Combined total value = 899,334,750,000
Strike 131500 has a total call value of 0 versus a total put value of 891,267,750,000 Combined total value = 891,267,750,000
Strike 131750 has a total call value of 0 versus a total put value of 883,200,750,000 Combined total value = 883,200,750,000
Strike 132000 has a total call value of 0 versus a total put value of 875,133,750,000 Combined total value = 875,133,750,000
Strike 132250 has a total call value of 0 versus a total put value of 867,066,750,000 Combined total value = 867,066,750,000
Strike 132500 has a total call value of 0 versus a total put value of 858,999,750,000 Combined total value = 858,999,750,000
Strike 132750 has a total call value of 0 versus a total put value of 850,932,750,000 Combined total value = 850,932,750,000
Strike 133000 has a total call value of 0 versus a total put value of 842,865,750,000 Combined total value = 842,865,750,000
Strike 133250 has a total call value of 0 versus a total put value of 834,798,750,000 Combined total value = 834,798,750,000
Strike 133500 has a total call value of 0 versus a total put value of 826,731,750,000 Combined total value = 826,731,750,000
Strike 133750 has a total call value of 0 versus a total put value of 818,664,750,000 Combined total value = 818,664,750,000
Strike 134000 has a total call value of 0 versus a total put value of 810,597,750,000 Combined total value = 810,597,750,000
Strike 134250 has a total call value of 0 versus a total put value of 802,530,750,000 Combined total value = 802,530,750,000
Strike 134500 has a total call value of 0 versus a total put value of 794,463,750,000 Combined total value = 794,463,750,000
Strike 134750 has a total call value of 0 versus a total put value of 786,396,750,000 Combined total value = 786,396,750,000
Strike 135000 has a total call value of 0 versus a total put value of 778,329,750,000 Combined total value = 778,329,750,000
Strike 135250 has a total call value of 0 versus a total put value of 770,502,000,000 Combined total value = 770,502,000,000
Strike 135500 has a total call value of 0 versus a total put value of 762,674,250,000 Combined total value = 762,674,250,000
Strike 135750 has a total call value of 0 versus a total put value of 754,846,500,000 Combined total value = 754,846,500,000
Strike 136000 has a total call value of 0 versus a total put value of 747,018,750,000 Combined total value = 747,018,750,000
Strike 136250 has a total call value of 0 versus a total put value of 739,191,000,000 Combined total value = 739,191,000,000
Strike 136500 has a total call value of 0 versus a total put value of 731,363,250,000 Combined total value = 731,363,250,000
Strike 136750 has a total call value of 0 versus a total put value of 723,535,500,000 Combined total value = 723,535,500,000
Strike 137000 has a total call value of 0 versus a total put value of 715,707,750,000 Combined total value = 715,707,750,000
Strike 137250 has a total call value of 0 versus a total put value of 707,880,000,000 Combined total value = 707,880,000,000
Strike 137500 has a total call value of 0 versus a total put value of 700,052,250,000 Combined total value = 700,052,250,000
Strike 137750 has a total call value of 0 versus a total put value of 692,224,500,000 Combined total value = 692,224,500,000
Strike 138000 has a total call value of 0 versus a total put value of 684,396,750,000 Combined total value = 684,396,750,000
Strike 138250 has a total call value of 0 versus a total put value of 676,569,000,000 Combined total value = 676,569,000,000
Strike 138500 has a total call value of 0 versus a total put value of 668,741,250,000 Combined total value = 668,741,250,000
Strike 138750 has a total call value of 0 versus a total put value of 660,913,500,000 Combined total value = 660,913,500,000
Strike 139000 has a total call value of 0 versus a total put value of 653,085,750,000 Combined total value = 653,085,750,000
Strike 139250 has a total call value of 0 versus a total put value of 645,258,000,000 Combined total value = 645,258,000,000
Strike 139500 has a total call value of 0 versus a total put value of 637,430,250,000 Combined total value = 637,430,250,000
Strike 139750 has a total call value of 0 versus a total put value of 629,602,500,000 Combined total value = 629,602,500,000
Strike 140000 has a total call value of 0 versus a total put value of 621,774,750,000 Combined total value = 621,774,750,000
Strike 140250 has a total call value of 0 versus a total put value of 614,661,750,000 Combined total value = 614,661,750,000
Strike 140500 has a total call value of 0 versus a total put value of 607,548,750,000 Combined total value = 607,548,750,000
Strike 140750 has a total call value of 0 versus a total put value of 600,435,750,000 Combined total value = 600,435,750,000
Strike 141000 has a total call value of 0 versus a total put value of 593,322,750,000 Combined total value = 593,322,750,000
Strike 141250 has a total call value of 0 versus a total put value of 586,209,750,000 Combined total value = 586,209,750,000
Strike 141500 has a total call value of 0 versus a total put value of 579,096,750,000 Combined total value = 579,096,750,000
Strike 141750 has a total call value of 0 versus a total put value of 571,983,750,000 Combined total value = 571,983,750,000
Strike 142000 has a total call value of 0 versus a total put value of 564,870,750,000 Combined total value = 564,870,750,000
Strike 142250 has a total call value of 0 versus a total put value of 557,757,750,000 Combined total value = 557,757,750,000
Strike 142500 has a total call value of 0 versus a total put value of 550,644,750,000 Combined total value = 550,644,750,000
Strike 142750 has a total call value of 0 versus a total put value of 543,531,750,000 Combined total value = 543,531,750,000
Strike 143000 has a total call value of 0 versus a total put value of 536,418,750,000 Combined total value = 536,418,750,000
Strike 143250 has a total call value of 0 versus a total put value of 529,305,750,000 Combined total value = 529,305,750,000
Strike 143500 has a total call value of 0 versus a total put value of 522,192,750,000 Combined total value = 522,192,750,000
Strike 143750 has a total call value of 0 versus a total put value of 515,079,750,000 Combined total value = 515,079,750,000
Strike 144000 has a total call value of 0 versus a total put value of 507,966,750,000 Combined total value = 507,966,750,000
Strike 144250 has a total call value of 0 versus a total put value of 500,853,750,000 Combined total value = 500,853,750,000
Strike 144500 has a total call value of 0 versus a total put value of 493,740,750,000 Combined total value = 493,740,750,000
Strike 144750 has a total call value of 0 versus a total put value of 486,627,750,000 Combined total value = 486,627,750,000
Strike 145000 has a total call value of 0 versus a total put value of 479,514,750,000 Combined total value = 479,514,750,000
Strike 145250 has a total call value of 0 versus a total put value of 472,807,500,000 Combined total value = 472,807,500,000
Strike 145500 has a total call value of 0 versus a total put value of 466,100,250,000 Combined total value = 466,100,250,000
Strike 145750 has a total call value of 0 versus a total put value of 459,393,000,000 Combined total value = 459,393,000,000
Strike 146000 has a total call value of 0 versus a total put value of 452,685,750,000 Combined total value = 452,685,750,000
Strike 146250 has a total call value of 0 versus a total put value of 445,978,500,000 Combined total value = 445,978,500,000
Strike 146500 has a total call value of 0 versus a total put value of 439,271,250,000 Combined total value = 439,271,250,000
Strike 146750 has a total call value of 0 versus a total put value of 432,564,000,000 Combined total value = 432,564,000,000
Strike 147000 has a total call value of 0 versus a total put value of 425,856,750,000 Combined total value = 425,856,750,000
Strike 147250 has a total call value of 0 versus a total put value of 419,149,500,000 Combined total value = 419,149,500,000
Strike 147500 has a total call value of 0 versus a total put value of 412,442,250,000 Combined total value = 412,442,250,000
Strike 147750 has a total call value of 0 versus a total put value of 405,735,000,000 Combined total value = 405,735,000,000
Strike 148000 has a total call value of 0 versus a total put value of 399,027,750,000 Combined total value = 399,027,750,000
Strike 148250 has a total call value of 0 versus a total put value of 392,320,500,000 Combined total value = 392,320,500,000
Strike 148500 has a total call value of 0 versus a total put value of 385,613,250,000 Combined total value = 385,613,250,000
Strike 148750 has a total call value of 0 versus a total put value of 378,906,000,000 Combined total value = 378,906,000,000
Strike 149000 has a total call value of 0 versus a total put value of 372,198,750,000 Combined total value = 372,198,750,000
Strike 149250 has a total call value of 0 versus a total put value of 365,491,500,000 Combined total value = 365,491,500,000
Strike 149500 has a total call value of 0 versus a total put value of 358,784,250,000 Combined total value = 358,784,250,000
Strike 149750 has a total call value of 0 versus a total put value of 352,077,000,000 Combined total value = 352,077,000,000
Strike 150000 has a total call value of 0 versus a total put value of 345,369,750,000 Combined total value = 345,369,750,000
Strike 150250 has a total call value of 439,500,000 versus a total put value of 339,806,250,000 Combined total value = 340,245,750,000
Strike 150500 has a total call value of 879,000,000 versus a total put value of 334,242,750,000 Combined total value = 335,121,750,000
Strike 150750 has a total call value of 1,318,500,000 versus a total put value of 328,679,250,000 Combined total value = 329,997,750,000
Strike 151000 has a total call value of 1,758,000,000 versus a total put value of 323,115,750,000 Combined total value = 324,873,750,000
Strike 151250 has a total call value of 2,197,500,000 versus a total put value of 317,684,250,000 Combined total value = 319,881,750,000
Strike 151500 has a total call value of 2,637,000,000 versus a total put value of 312,252,750,000 Combined total value = 314,889,750,000
Strike 151750 has a total call value of 3,076,500,000 versus a total put value of 306,821,250,000 Combined total value = 309,897,750,000
Strike 152000 has a total call value of 3,516,000,000 versus a total put value of 301,389,750,000 Combined total value = 304,905,750,000
Strike 152250 has a total call value of 3,955,500,000 versus a total put value of 296,066,250,000 Combined total value = 300,021,750,000
Strike 152500 has a total call value of 4,395,000,000 versus a total put value of 290,742,750,000 Combined total value = 295,137,750,000
Strike 152750 has a total call value of 4,834,500,000 versus a total put value of 285,419,250,000 Combined total value = 290,253,750,000
Strike 153000 has a total call value of 5,274,000,000 versus a total put value of 280,095,750,000 Combined total value = 285,369,750,000
Strike 153250 has a total call value of 5,713,500,000 versus a total put value of 274,881,000,000 Combined total value = 280,594,500,000
Strike 153500 has a total call value of 6,153,000,000 versus a total put value of 269,666,250,000 Combined total value = 275,819,250,000
Strike 153750 has a total call value of 6,592,500,000 versus a total put value of 264,451,500,000 Combined total value = 271,044,000,000
Strike 154000 has a total call value of 7,032,000,000 versus a total put value of 259,236,750,000 Combined total value = 266,268,750,000
Strike 154250 has a total call value of 7,471,500,000 versus a total put value of 254,130,750,000 Combined total value = 261,602,250,000
Strike 154500 has a total call value of 7,911,000,000 versus a total put value of 249,024,750,000 Combined total value = 256,935,750,000
Strike 154750 has a total call value of 8,350,500,000 versus a total put value of 243,918,750,000 Combined total value = 252,269,250,000
Strike 155000 has a total call value of 8,790,000,000 versus a total put value of 238,812,750,000 Combined total value = 247,602,750,000
Strike 155250 has a total call value of 9,309,000,000 versus a total put value of 234,244,500,000 Combined total value = 243,553,500,000
Strike 155500 has a total call value of 9,828,000,000 versus a total put value of 229,676,250,000 Combined total value = 239,504,250,000
Strike 155750 has a total call value of 10,347,000,000 versus a total put value of 225,108,000,000 Combined total value = 235,455,000,000
Strike 156000 has a total call value of 10,866,000,000 versus a total put value of 220,539,750,000 Combined total value = 231,405,750,000
Strike 156250 has a total call value of 11,385,000,000 versus a total put value of 216,098,250,000 Combined total value = 227,483,250,000
Strike 156500 has a total call value of 11,904,000,000 versus a total put value of 211,656,750,000 Combined total value = 223,560,750,000
Strike 156750 has a total call value of 12,423,000,000 versus a total put value of 207,215,250,000 Combined total value = 219,638,250,000
Strike 157000 has a total call value of 12,942,000,000 versus a total put value of 202,773,750,000 Combined total value = 215,715,750,000
Strike 157250 has a total call value of 13,461,000,000 versus a total put value of 198,413,250,000 Combined total value = 211,874,250,000
Strike 157500 has a total call value of 13,980,000,000 versus a total put value of 194,052,750,000 Combined total value = 208,032,750,000
Strike 157750 has a total call value of 14,499,000,000 versus a total put value of 189,692,250,000 Combined total value = 204,191,250,000
Strike 158000 has a total call value of 15,018,000,000 versus a total put value of 185,331,750,000 Combined total value = 200,349,750,000
Strike 158250 has a total call value of 15,537,000,000 versus a total put value of 181,068,000,000 Combined total value = 196,605,000,000
Strike 158500 has a total call value of 16,056,000,000 versus a total put value of 176,804,250,000 Combined total value = 192,860,250,000
Strike 158750 has a total call value of 16,575,000,000 versus a total put value of 172,540,500,000 Combined total value = 189,115,500,000
Strike 159000 has a total call value of 17,094,000,000 versus a total put value of 168,276,750,000 Combined total value = 185,370,750,000
Strike 159250 has a total call value of 17,613,000,000 versus a total put value of 164,129,250,000 Combined total value = 181,742,250,000
Strike 159500 has a total call value of 18,132,000,000 versus a total put value of 159,981,750,000 Combined total value = 178,113,750,000
Strike 159750 has a total call value of 18,651,000,000 versus a total put value of 155,834,250,000 Combined total value = 174,485,250,000
Strike 160000 has a total call value of 19,170,000,000 versus a total put value of 151,686,750,000 Combined total value = 170,856,750,000
Strike 160250 has a total call value of 19,968,000,000 versus a total put value of 148,557,750,000 Combined total value = 168,525,750,000
Strike 160500 has a total call value of 20,766,000,000 versus a total put value of 145,428,750,000 Combined total value = 166,194,750,000
Strike 160750 has a total call value of 21,564,000,000 versus a total put value of 142,299,750,000 Combined total value = 163,863,750,000
Strike 161000 has a total call value of 22,362,000,000 versus a total put value of 139,170,750,000 Combined total value = 161,532,750,000
Strike 161250 has a total call value of 23,160,000,000 versus a total put value of 136,147,500,000 Combined total value = 159,307,500,000
Strike 161500 has a total call value of 23,958,000,000 versus a total put value of 133,124,250,000 Combined total value = 157,082,250,000
Strike 161750 has a total call value of 24,756,000,000 versus a total put value of 130,101,000,000 Combined total value = 154,857,000,000
Strike 162000 has a total call value of 25,554,000,000 versus a total put value of 127,077,750,000 Combined total value = 152,631,750,000
Strike 162250 has a total call value of 26,368,500,000 versus a total put value of 124,157,250,000 Combined total value = 150,525,750,000
Strike 162500 has a total call value of 27,183,000,000 versus a total put value of 121,236,750,000 Combined total value = 148,419,750,000
Strike 162750 has a total call value of 27,997,500,000 versus a total put value of 118,316,250,000 Combined total value = 146,313,750,000
Strike 163000 has a total call value of 28,812,000,000 versus a total put value of 115,395,750,000 Combined total value = 144,207,750,000
Strike 163250 has a total call value of 29,626,500,000 versus a total put value of 112,521,750,000 Combined total value = 142,148,250,000
Strike 163500 has a total call value of 30,441,000,000 versus a total put value of 109,647,750,000 Combined total value = 140,088,750,000
Strike 163750 has a total call value of 31,255,500,000 versus a total put value of 106,773,750,000 Combined total value = 138,029,250,000
Strike 164000 has a total call value of 32,070,000,000 versus a total put value of 103,899,750,000 Combined total value = 135,969,750,000
Strike 164250 has a total call value of 32,930,250,000 versus a total put value of 101,111,250,000 Combined total value = 134,041,500,000
Strike 164500 has a total call value of 33,790,500,000 versus a total put value of 98,322,750,000 Combined total value = 132,113,250,000
Strike 164750 has a total call value of 34,650,750,000 versus a total put value of 95,534,250,000 Combined total value = 130,185,000,000
Strike 165000 has a total call value of 35,511,000,000 versus a total put value of 92,745,750,000 Combined total value = 128,256,750,000
Strike 165250 has a total call value of 36,520,500,000 versus a total put value of 90,518,250,000 Combined total value = 127,038,750,000
Strike 165500 has a total call value of 37,530,000,000 versus a total put value of 88,290,750,000 Combined total value = 125,820,750,000
Strike 165750 has a total call value of 38,539,500,000 versus a total put value of 86,063,250,000 Combined total value = 124,602,750,000
Strike 166000 has a total call value of 39,549,000,000 versus a total put value of 83,835,750,000 Combined total value = 123,384,750,000
Strike 166250 has a total call value of 40,558,500,000 versus a total put value of 81,640,500,000 Combined total value = 122,199,000,000
Strike 166500 has a total call value of 41,568,000,000 versus a total put value of 79,445,250,000 Combined total value = 121,013,250,000
Strike 166750 has a total call value of 42,577,500,000 versus a total put value of 77,250,000,000 Combined total value = 119,827,500,000
Strike 167000 has a total call value of 43,587,000,000 versus a total put value of 75,054,750,000 Combined total value = 118,641,750,000
Strike 167250 has a total call value of 44,596,500,000 versus a total put value of 72,905,250,000 Combined total value = 117,501,750,000
Strike 167500 has a total call value of 45,606,000,000 versus a total put value of 70,755,750,000 Combined total value = 116,361,750,000
Strike 167750 has a total call value of 46,615,500,000 versus a total put value of 68,606,250,000 Combined total value = 115,221,750,000
Strike 168000 has a total call value of 47,625,000,000 versus a total put value of 66,456,750,000 Combined total value = 114,081,750,000
Strike 168250 has a total call value of 48,634,500,000 versus a total put value of 64,365,750,000 Combined total value = 113,000,250,000
Strike 168500 has a total call value of 49,644,000,000 versus a total put value of 62,274,750,000 Combined total value = 111,918,750,000
Strike 168750 has a total call value of 50,653,500,000 versus a total put value of 60,183,750,000 Combined total value = 110,837,250,000
Strike 169000 has a total call value of 51,663,000,000 versus a total put value of 58,092,750,000 Combined total value = 109,755,750,000
Strike 169250 has a total call value of 52,672,500,000 versus a total put value of 56,031,000,000 Combined total value = 108,703,500,000
Strike 169500 has a total call value of 53,682,000,000 versus a total put value of 53,969,250,000 Combined total value = 107,651,250,000
Strike 169750 has a total call value of 54,691,500,000 versus a total put value of 51,907,500,000 Combined total value = 106,599,000,000
Strike 170000 has a total call value of 55,701,000,000 versus a total put value of 49,845,750,000 Combined total value = 105,546,750,000
Strike 170250 has a total call value of 57,164,250,000 versus a total put value of 48,349,500,000 Combined total value = 105,513,750,000
Strike 170500 has a total call value of 58,627,500,000 versus a total put value of 46,853,250,000 Combined total value = 105,480,750,000
Strike 170750 has a total call value of 60,090,750,000 versus a total put value of 45,357,000,000 Combined total value = 105,447,750,000
Strike 171000 has a total call value of 61,554,000,000 versus a total put value of 43,860,750,000 Combined total value = 105,414,750,000
Strike 171250 has a total call value of 63,017,250,000 versus a total put value of 42,383,250,000 Combined total value = 105,400,500,000
Strike 171500 has a total call value of 64,480,500,000 versus a total put value of 40,905,750,000 Combined total value = 105,386,250,000
Strike 171750 has a total call value of 65,943,750,000 versus a total put value of 39,428,250,000 Combined total value = 105,372,000,000
Strike 172000 has a total call value of 67,407,000,000 versus a total put value of 37,950,750,000 Combined total value = 105,357,750,000
Strike 172250 has a total call value of 68,870,250,000 versus a total put value of 36,525,750,000 Combined total value = 105,396,000,000
Strike 172500 has a total call value of 70,333,500,000 versus a total put value of 35,100,750,000 Combined total value = 105,434,250,000
Strike 172750 has a total call value of 71,796,750,000 versus a total put value of 33,675,750,000 Combined total value = 105,472,500,000
Strike 173000 has a total call value of 73,260,000,000 versus a total put value of 32,250,750,000 Combined total value = 105,510,750,000
Strike 173250 has a total call value of 74,733,000,000 versus a total put value of 30,858,750,000 Combined total value = 105,591,750,000
Strike 173500 has a total call value of 76,206,000,000 versus a total put value of 29,466,750,000 Combined total value = 105,672,750,000
Strike 173750 has a total call value of 77,679,000,000 versus a total put value of 28,074,750,000 Combined total value = 105,753,750,000
Strike 174000 has a total call value of 79,152,000,000 versus a total put value of 26,682,750,000 Combined total value = 105,834,750,000
Strike 174250 has a total call value of 80,636,250,000 versus a total put value of 25,346,250,000 Combined total value = 105,982,500,000
Strike 174500 has a total call value of 82,120,500,000 versus a total put value of 24,009,750,000 Combined total value = 106,130,250,000
Strike 174750 has a total call value of 83,604,750,000 versus a total put value of 22,673,250,000 Combined total value = 106,278,000,000
Strike 175000 has a total call value of 85,089,000,000 versus a total put value of 21,336,750,000 Combined total value = 106,425,750,000
Strike 175250 has a total call value of 86,850,750,000 versus a total put value of 20,395,500,000 Combined total value = 107,246,250,000
Strike 175500 has a total call value of 88,612,500,000 versus a total put value of 19,454,250,000 Combined total value = 108,066,750,000
Strike 175750 has a total call value of 90,374,250,000 versus a total put value of 18,513,000,000 Combined total value = 108,887,250,000
Strike 176000 has a total call value of 92,136,750,000 versus a total put value of 17,574,750,000 Combined total value = 109,711,500,000
Strike 176250 has a total call value of 93,923,250,000 versus a total put value of 16,673,250,000 Combined total value = 110,596,500,000
Strike 176500 has a total call value of 95,709,750,000 versus a total put value of 15,771,750,000 Combined total value = 111,481,500,000
Strike 176750 has a total call value of 97,496,250,000 versus a total put value of 14,870,250,000 Combined total value = 112,366,500,000
Strike 177000 has a total call value of 99,282,750,000 versus a total put value of 13,968,750,000 Combined total value = 113,251,500,000
Strike 177250 has a total call value of 101,109,750,000 versus a total put value of 13,185,000,000 Combined total value = 114,294,750,000
Strike 177500 has a total call value of 102,936,750,000 versus a total put value of 12,401,250,000 Combined total value = 115,338,000,000
Strike 177750 has a total call value of 104,763,750,000 versus a total put value of 11,617,500,000 Combined total value = 116,381,250,000
Strike 178000 has a total call value of 106,590,750,000 versus a total put value of 10,833,750,000 Combined total value = 117,424,500,000
Strike 178250 has a total call value of 108,465,000,000 versus a total put value of 10,131,750,000 Combined total value = 118,596,750,000
Strike 178500 has a total call value of 110,339,250,000 versus a total put value of 9,430,500,000 Combined total value = 119,769,750,000
Strike 178750 has a total call value of 112,215,750,000 versus a total put value of 8,729,250,000 Combined total value = 120,945,000,000
Strike 179000 has a total call value of 114,092,250,000 versus a total put value of 8,028,000,000 Combined total value = 122,120,250,000
Strike 179250 has a total call value of 116,223,750,000 versus a total put value of 7,389,750,000 Combined total value = 123,613,500,000
Strike 179500 has a total call value of 118,355,250,000 versus a total put value of 6,751,500,000 Combined total value = 125,106,750,000
Strike 179750 has a total call value of 120,486,750,000 versus a total put value of 6,113,250,000 Combined total value = 126,600,000,000
Strike 180000 has a total call value of 122,618,250,000 versus a total put value of 5,475,000,000 Combined total value = 128,093,250,000
Strike 180250 has a total call value of 125,159,250,000 versus a total put value of 5,139,000,000 Combined total value = 130,298,250,000
Strike 180500 has a total call value of 127,700,250,000 versus a total put value of 4,803,000,000 Combined total value = 132,503,250,000
Strike 180750 has a total call value of 130,241,250,000 versus a total put value of 4,467,000,000 Combined total value = 134,708,250,000
Strike 181000 has a total call value of 132,782,250,000 versus a total put value of 4,131,000,000 Combined total value = 136,913,250,000
Strike 181250 has a total call value of 135,379,500,000 versus a total put value of 3,812,250,000 Combined total value = 139,191,750,000
Strike 181500 has a total call value of 137,976,750,000 versus a total put value of 3,493,500,000 Combined total value = 141,470,250,000
Strike 181750 has a total call value of 140,574,000,000 versus a total put value of 3,174,750,000 Combined total value = 143,748,750,000
Strike 182000 has a total call value of 143,171,250,000 versus a total put value of 2,856,000,000 Combined total value = 146,027,250,000
Strike 182250 has a total call value of 145,896,000,000 versus a total put value of 2,580,000,000 Combined total value = 148,476,000,000
Strike 182500 has a total call value of 148,620,750,000 versus a total put value of 2,304,000,000 Combined total value = 150,924,750,000
Strike 182750 has a total call value of 151,345,500,000 versus a total put value of 2,028,000,000 Combined total value = 153,373,500,000
Strike 183000 has a total call value of 154,070,250,000 versus a total put value of 1,752,000,000 Combined total value = 155,822,250,000
Strike 183250 has a total call value of 156,963,750,000 versus a total put value of 1,513,500,000 Combined total value = 158,477,250,000
Strike 183500 has a total call value of 159,857,250,000 versus a total put value of 1,275,000,000 Combined total value = 161,132,250,000
Strike 183750 has a total call value of 162,750,750,000 versus a total put value of 1,036,500,000 Combined total value = 163,787,250,000
Strike 184000 has a total call value of 165,644,250,000 versus a total put value of 798,000,000 Combined total value = 166,442,250,000
Strike 184250 has a total call value of 168,593,250,000 versus a total put value of 598,500,000 Combined total value = 169,191,750,000
Strike 184500 has a total call value of 171,542,250,000 versus a total put value of 399,000,000 Combined total value = 171,941,250,000
Strike 184750 has a total call value of 174,491,250,000 versus a total put value of 199,500,000 Combined total value = 174,690,750,000
Strike 185000 has a total call value of 177,440,250,000 versus a total put value of 0 Combined total value = 177,440,250,000
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1146.7 | 1140 |
| ABB | 5173.5 | 5150 |
| ABCAPITAL | 358.75 | 350 |
| ADANIENSOL | 978.85 | 980 |
| ADANIENT | 2265.4 | 2300 |
| ADANIGREEN | 1017.7 | 1020 |
| ADANIPORTS | 1509.4 | 1500 |
| ALKEM | 5675.5 | 5700 |
| AMBER | 6562.5 | 6600 |
| AMBUJACEM | 533.8 | 550 |
| ANGELONE | 2641.7 | 2650 |
| APLAPOLLO | 1771 | 1760 |
| APOLLOHOSP | 7189.5 | 7350 |
| ASHOKLEY | 160.86 | 157 |
| ASIANPAINT | 2968.5 | 2920 |
| ASTRAL | 1459.5 | 1460 |
| AUBANK | 960.7 | 940 |
| AUROPHARMA | 1217.6 | 1220 |
| AXISBANK | 1282.5 | 1280 |
| BAJAJ-AUTO | 9109 | 9100 |
| BAJAJFINSV | 2096.5 | 2080 |
| BAJFINANCE | 1048 | 1030 |
| BANDHANBNK | 140.08 | 150 |
| BANKBARODA | 292.6 | 292.5 |
| BANKINDIA | 143.11 | 145 |
| BDL | 1512.5 | 1520 |
| BEL | 406.9 | 410 |
| BHARATFORG | 1406 | 1400 |
| BHARTIARTL | 2108.8 | 2100 |
| BHEL | 277.75 | 285 |
| BIOCON | 392.65 | 400 |
| BLUESTARCO | 1734.4 | 1760 |
| BOSCHLTD | 36920 | 36500 |
| BPCL | 360.3 | 362.5 |
| BRITANNIA | 5961 | 5900 |
| BSE | 2815.9 | 2800 |
| CAMS | 775.7 | 780 |
| CANBK | 148.64 | 150 |
| CDSL | 1550.6 | 1600 |
| CGPOWER | 661.35 | 680 |
| CHOLAFIN | 1730.4 | 1700 |
| CIPLA | 1520.8 | 1530 |
| COALINDIA | 379.95 | 380 |
| COFORGE | 1977.9 | 1860 |
| COLPAL | 2164.4 | 2200 |
| CONCOR | 511.05 | 520 |
| CROMPTON | 260.1 | 270 |
| CUMMINSIND | 4468.9 | 4500 |
| CYIENT | 1169.2 | 1160 |
| DABUR | 510.1 | 515 |
| DALBHARAT | 1989 | 2000 |
| DELHIVERY | 404.6 | 420 |
| DIVISLAB | 6473.5 | 6450 |
| DIXON | 13749 | 14500 |
| DLF | 719.75 | 730 |
| DMART | 3952.1 | 4000 |
| DRREDDY | 1275.2 | 1270 |
| EICHERMOT | 7208 | 7100 |
| ETERNAL | 292.4 | 305 |
| EXIDEIND | 380.15 | 380 |
| FEDERALBNK | 259.2 | 255 |
| FORTIS | 888.55 | 910 |
| GAIL | 169.98 | 175 |
| GLENMARK | 1968.2 | 1940 |
| GMRAIRPORT | 103.51 | 102 |
| GODREJCP | 1136 | 1140 |
| GODREJPROP | 2082.4 | 2100 |
| GRASIM | 2747 | 2760 |
| HAL | 4443 | 4500 |
| HAVELLS | 1436.5 | 1440 |
| HCLTECH | 1683 | 1640 |
| HDFCAMC | 2577.5 | 2650 |
| HDFCBANK | 1003.3 | 1000 |
| HDFCLIFE | 768.3 | 770 |
| HEROMOTOCO | 6350.5 | 6200 |
| HFCL | 69.03 | 70 |
| HINDALCO | 823.25 | 800 |
| HINDPETRO | 450.35 | 455 |
| HINDUNILVR | 2338.6 | 2360 |
| HINDZINC | 498.1 | 490 |
| HUDCO | 225.22 | 230 |
| ICICIBANK | 1392.5 | 1380 |
| ICICIGI | 1974.4 | 2000 |
| ICICIPRULI | 626.05 | 620 |
| IDEA | 10.8 | 10 |
| IDFCFIRSTB | 80.87 | 80 |
| IEX | 145.31 | 145 |
| IIFL | 569.35 | 560 |
| INDHOTEL | 730.9 | 740 |
| INDIANB | 808.95 | 830 |
| INDIGO | 5370.5 | 5500 |
| INDUSINDBK | 870.1 | 860 |
| INDUSTOWER | 415.7 | 410 |
| INFY | 1616.2 | 1600 |
| INOXWIND | 130.24 | 137.5 |
| IOC | 163.66 | 164 |
| IRCTC | 675.2 | 690 |
| IREDA | 133.4 | 140 |
| IRFC | 114.6 | 118 |
| ITC | 404.95 | 405 |
| JINDALSTEL | 1006.8 | 1030 |
| JIOFIN | 303.75 | 310 |
| JSWENERGY | 461.95 | 490 |
| JSWSTEEL | 1162.2 | 1150 |
| JUBLFOOD | 593.2 | 600 |
| KALYANKJIL | 492.5 | 490 |
| KAYNES | 4353.5 | 4900 |
| KEI | 4163.5 | 4150 |
| KFINTECH | 1066.4 | 1080 |
| KOTAKBANK | 2154.9 | 2120 |
| KPITTECH | 1267 | 1240 |
| LAURUSLABS | 1026.1 | 1000 |
| LICHSGFIN | 541.8 | 555 |
| LICI | 869.9 | 900 |
| LODHA | 1111.6 | 1160 |
| LT | 4038.2 | 4020 |
| LTF | 309.6 | 305 |
| LTIM | 6292 | 6150 |
| LUPIN | 2098.8 | 2080 |
| M&M | 3717.1 | 3700 |
| MANAPPURAM | 279.7 | 280 |
| MANKIND | 2205.5 | 2250 |
| MARICO | 736.65 | 730 |
| MARUTI | 16282 | 16200 |
| MAXHEALTH | 1097.4 | 1120 |
| MAZDOCK | 2616.3 | 2700 |
| MCX | 10343 | 10100 |
| MFSL | 1690.2 | 1700 |
| MOTHERSON | 117.05 | 115 |
| MPHASIS | 2953.6 | 2900 |
| MUTHOOTFIN | 3800.1 | 3700 |
| NATIONALUM | 273.15 | 265 |
| NAUKRI | 1388.7 | 1380 |
| NBCC | 112.06 | 115 |
| NCC | 168.16 | 172.5 |
| NESTLEIND | 1246.9 | 1260 |
| NHPC | 77.07 | 78 |
| NMDC | 76.46 | 76 |
| NTPC | 323.3 | 325 |
| NUVAMA | 7172.5 | 7200 |
| NYKAA | 254.8 | 260 |
| OBEROIRLTY | 1657.7 | 1660 |
| OFSS | 8219 | 8200 |
| OIL | 411.95 | 415 |
| ONGC | 241.23 | 244 |
| PAGEIND | 37455 | 38000 |
| PATANJALI | 550.8 | 550 |
| PAYTM | 1344.6 | 1320 |
| PERSISTENT | 6520.5 | 6400 |
| PETRONET | 274.8 | 280 |
| PFC | 352.65 | 365 |
| PGEL | 553.9 | 570 |
| PHOENIXLTD | 1725.1 | 1740 |
| PIDILITIND | 1475.1 | 1480 |
| PIIND | 3396.1 | 3450 |
| PNB | 121.71 | 123 |
| PNBHOUSING | 903.85 | 900 |
| POLICYBZR | 1893.8 | 1860 |
| POLYCAB | 7257 | 7400 |
| POWERGRID | 269.8 | 275 |
| POWERINDIA | 19305 | 20500 |
| PPLPHARMA | 179.85 | 185 |
| PRESTIGE | 1689.7 | 1680 |
| RBLBANK | 305.8 | 310 |
| RECLTD | 353.3 | 360 |
| RELIANCE | 1540.6 | 1540 |
| RVNL | 310.85 | 315 |
| SAIL | 132.54 | 135 |
| SAMMAANCAP | 148.32 | 155 |
| SBICARD | 885.15 | 880 |
| SBILIFE | 2023.7 | 2020 |
| SBIN | 971.5 | 975 |
| SHREECEM | 26075 | 26500 |
| SHRIRAMFIN | 854.9 | 840 |
| SIEMENS | 3325.9 | 3300 |
| SOLARINDS | 12819 | 13250 |
| SONACOMS | 492.85 | 500 |
| SRF | 2885.4 | 2900 |
| SUNPHARMA | 1805.3 | 1800 |
| SUPREMEIND | 3371.1 | 3450 |
| SUZLON | 51.74 | 55 |
| SYNGENE | 639.8 | 640 |
| TATACONSUM | 1162.9 | 1170 |
| TATAELXSI | 5217.5 | 5300 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 384.5 | 390 |
| TATASTEEL | 167.11 | 170 |
| TATATECH | 666.45 | 680 |
| TCS | 3238.2 | 3200 |
| TECHM | 1570.8 | 1520 |
| TIINDIA | 2666.7 | 2850 |
| TITAGARH | 789.05 | 820 |
| TITAN | 3813.3 | 3860 |
| TMPV | 353.6 | 360 |
| TORNTPHARM | 3785.9 | 3750 |
| TORNTPOWER | 1289.9 | 1300 |
| TRENT | 4183.1 | 4300 |
| TVSMOTOR | 3665.4 | 3600 |
| ULTRACEMCO | 11597 | 11700 |
| UNIONBANK | 153.3 | 155 |
| UNITDSPR | 1455.6 | 1450 |
| UNOMINDA | 1272.4 | 1300 |
| UPL | 759.1 | 760 |
| VBL | 479.95 | 470 |
| VEDL | 524.5 | 520 |
| VOLTAS | 1327 | 1360 |
| WIPRO | 259.91 | 255 |
| YESBANK | 22.6 | 23 |
| ZYDUSLIFE | 931.45 | 940 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.































































































































































































































