This finance website calculates the weekly and monthly max pain cash value for stocks. Max Pain theory states that the stock price on option expiration will be at the strike where the most options (by cash value) expire worthless. This is due to hedging activity by the option writers. Thus, you can predict where the stock price will be in the future and trade accordingly.

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Vive la France

I am heartbroken over the senseless tragedy in Paris tonight. Today we are brothers and sisters in one united family, and these attacks have touched us all. I have no words to describe how I feel at this moment. To the courageous and won…

One million GE stock option contracts

The option screener has been showing high volume in the GE options this week. The monthly November 2015 options (11/20/2015) have over 1 million call contracts and 1 million put contracts. That appears to be a straddle. The option buyer …

Historical Option Prices

Today maximum pain is re-launching two pages. They are the max pain history page and high open interest page. It's part of larger project to store historical option data

Manually calculating Max Pain

I was recently asked by a visitor to this website to demonstrate how to calculate max pain for a specific ticker and expiration. The ticker was the SPY ETF and last Friday 12/12/14 was the option expiration.

Open Interest Walls

Open Interest walls or OI walls are similar concept to max pain. Both rely on the option writer, which is the market maker, hedging the options he wrote.

Which stocks have the highest option open interest?

I've traded AAPL successfully throughout 2014 using the principals of max pain. Or more accurately, the Poormans algorithm.

AAPL under $100

It is a few weeks after the AAPL split and how do the AAPL options look? Well, the open interest is quite varied. In short, it probably needs a few more weeks to settle.

AAPL Stock Split and Max Pain

Apple stock will split 7 shares for 1 over the weekend of June 7, 2014. Apple is the poster child for max pain theory.

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Monday, November 30, 2015 11:30 PM
$NKE $HD $SNDK options have the largest change in price. Free options screener.
Monday, November 30, 2015 11:16 PM
$QQQ OI for maturity 12/04/2015. 104.00 Highest put. 114.00 Highest call. https://t.co/4dkT2RNTdt
Monday, November 30, 2015 11:00 PM
$DE Max Pain is 79.00 for maturity 12/04/2015. Price = 79.59.
Monday, November 30, 2015 10:15 PM
$FB OI for maturity 12/04/2015. 102.00 Highest put. 107.00 Highest call. https://t.co/TyDJBn1ynA
Monday, November 30, 2015 10:00 PM
$LNKD Max Pain is 245.00 for maturity 12/04/2015. Price = 243.11.
Monday, November 30, 2015 9:47 PM
$TSLA OI for maturity 12/04/2015. 200.00 Highest put. 235.00 Highest call. https://t.co/CMkYozx2bw