A great number of people have asked about the historical max
pain values. Recent;y this website has begun recording the daily
AAPL max pain values and comparing them with the daily stock
Currently, only AAPL stock has this historical max pain data.
Why? The data for this website is gathered on demand from Yahoo
finance. This means no one requests the max pain value for a
particular stock one day, then there would be no value to record.
Second, there are storage space concerns when attepting to store
such data for every stock ticker.
I choose AAPL stock because it is the poster child for max pain.
AAPL trades more options than any other stock. More option
contracts means more common stock bought as a hedge by the option
writer. A larger hedge has more effect on the stock price when it
That said, how is AAPL doing? Here is the chart for mid March to
mid April. The unbroken gray line is the stock price. The broken
blue line indicates the max pain for that week.
On Friday 3/21/2014, Firday 3/28/2014 and Friday 4/18/2014 max
pain was correct. On Friday 4/4/2014 and Friday 4/11/2014 it was
incorrect. The week of 4/4/2014 was the week where the Russian and
Ukraine conflict arose, driving down stocks Thursday and