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UBL
UNITED BREWERIES LTD

1706.85 -8.05 (-0.47%)


Strike  1600  has a total call value of 0  versus a total put value of  3,813,600,000 Combined total value = 3,813,600,000

Strike  1620  has a total call value of 0  versus a total put value of  3,187,200,000 Combined total value = 3,187,200,000

Strike  1640  has a total call value of 0  versus a total put value of  2,560,800,000 Combined total value = 2,560,800,000

Strike  1660  has a total call value of 0  versus a total put value of  1,952,000,000 Combined total value = 1,952,000,000

Strike  1680  has a total call value of 2,400,000  versus a total put value of  1,408,000,000 Combined total value = 1,410,400,000

Strike  1700  has a total call value of 4,800,000  versus a total put value of  958,400,000 Combined total value = 963,200,000

Strike  1720  has a total call value of 52,000,000  versus a total put value of  709,600,000 Combined total value = 761,600,000

Strike  1740  has a total call value of 152,000,000  versus a total put value of  486,400,000 Combined total value = 638,400,000

Strike  1760  has a total call value of 341,600,000  versus a total put value of  296,000,000 Combined total value = 637,600,000

Strike  1780  has a total call value of 628,000,000  versus a total put value of  141,600,000 Combined total value = 769,600,000

Strike  1800  has a total call value of 983,200,000  versus a total put value of  24,000,000 Combined total value = 1,007,200,000

Strike  1820  has a total call value of 1,788,800,000  versus a total put value of  0 Combined total value = 1,788,800,000

Strike  1840  has a total call value of 2,696,800,000  versus a total put value of  0 Combined total value = 2,696,800,000

Strike  1860  has a total call value of 3,664,000,000  versus a total put value of  0 Combined total value = 3,664,000,000

Strike  1880  has a total call value of 4,669,600,000  versus a total put value of  0 Combined total value = 4,669,600,000

Strike  1900  has a total call value of 5,685,600,000  versus a total put value of  0 Combined total value = 5,685,600,000

Strike  1920  has a total call value of 7,163,200,000  versus a total put value of  0 Combined total value = 7,163,200,000

Strike  1940  has a total call value of 8,644,000,000  versus a total put value of  0 Combined total value = 8,644,000,000

Strike  1960  has a total call value of 10,215,200,000  versus a total put value of  0 Combined total value = 10,215,200,000

Strike  1980  has a total call value of 11,786,400,000  versus a total put value of  0 Combined total value = 11,786,400,000

Strike  2000  has a total call value of 13,357,600,000  versus a total put value of  0 Combined total value = 13,357,600,000

Strike  2020  has a total call value of 15,700,800,000  versus a total put value of  0 Combined total value = 15,700,800,000

Strike  2040  has a total call value of 18,044,000,000  versus a total put value of  0 Combined total value = 18,044,000,000

Strike  2060  has a total call value of 20,387,200,000  versus a total put value of  0 Combined total value = 20,387,200,000

Strike  2080  has a total call value of 22,730,400,000  versus a total put value of  0 Combined total value = 22,730,400,000

Strike  2100  has a total call value of 25,073,600,000  versus a total put value of  0 Combined total value = 25,073,600,000

Max Pain - Choose a symbol



What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. Find the highest value strike price. This price is equivalent to max pain price.

How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.