Max Pain

The cash value graph shows the result of the cash value max pain calculation. The yellow highlighted column indicates the max pain option strike. The max pain cash value calculation uses the Open Interest to determine the cash paid out by the option writers if the stock were to close at each strike. For details on how the cash value max pain point is derived, please visit the calculation page.

Please note the open interest is updated daily prior to the market open. It is not updated intra-day. This page uses Yahoo Finance and similar sources for option data. The open interest data for the stock options is compiled nightly. Open Interest data is therefore valid prior to the market open, before the CBOE begins trading options each day. After the market opens and options begin trading the open interest data may no longer by valid. No option data source provides intra-day open interest. The only intra-day data available is the volume data.

The underlying option data, including open interest and cash values, can found on the Option Data page.

The numbers across the bottom represent the various strike prices of the stock options. Max Pain is calculated for each strike by determining the cash value paid out on each call and put option at that strike. The red vertical bar is the put option cash value. The green vertical bar is the call option cash value. The further away the stock price is from the max pain point the more the option writers will have to pay out. Conversely, the closer to the max pain point the stock price is the less they pay out.

Max pain theory says that the option writers will hedge the contracts they have written. In the case of the market maker, the hedging is done to remain neutral in the stock. Consider the market makers position if he must write an option contract without wanting a position in the stock. As the maturity date approaches, the stock price changes. In addition, contracts may be closed by the option buyers. As a result the option writer must re-balance his hedges. This re-balancing is an effort to hedge the open contracts, thus maintaining a state where the least amount of money will be paid out. Re-balancing of positions in the stock provide pressure on the price to close at the max pain point.

My theory: Why Apple got smashed from 700 to 440 - AppleInsider You can use the drop down menu to change the maturity date. The amount of money the??...

Max Pain | Fanoe - Umbraco Starter Kit -
The cash value graph shows the result of the cash value max pain calculation. The yellow highlighted column indicates the max pain option strike. The max pain ??...

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max pain AAPL Stock Split and Max Pain -
Jun 8, 2014 ... Apple stock will split 7 shares for 1 over the weekend of June 7, 2014. Apple is the poster child for max pain theory. What does the stock split for??...

max pain Welcome -
Weekly Max Pain Calculator and Information. The cash value max pain calculation is the correct method for finding the stock price at market close on option expiration. Welcome. ... Guys, please fix the Apple X axis annotation. No one can read??...

Apple closes at or near 'Max Pain' 8 weeks out of 10 - Fortune
May 18, 2011 ... New evidence suggests that since last summer the tail has been wagging the dog If you're any kind of Apple investor, you should be aware of??...

iMaxPain: Pro Options Max Pain Calculator and Tracker with ... - Apple
Dec 20, 2014 ... The ONLY dedicated app for calculating options max pain. Have you ever noticed that a stock sometimes closes pining at certain strike price on??...

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Dec 29, 2012 ... If you bought Apple on the close of 12/30/2011, you paid $405.00. Your buy ... Here is the chart.

The Priceline Group Inc. (PCLN) | Market Pulse - Yahoo! Finance
4 days ago ... $PCLN Max Pain is 1237.50 for maturity 05/01/2015. Price = 0.00. http://

Highpower International Inc (HPJ) | Market Pulse - Yahoo! Finance
$HPJ Max Pain is 5.00 for maturity 05/15/2015. Price = 4.44. http://maximum-pain .com/max-pain.aspx?s=HPJ&e=05/15/2015 ?? stocktwits Fri ... Apple Inc. AAPL.


Recent Tweets
Friday, May 29, 2015 11:45 PM
$PCLN OI for maturity 05/29/2015. 1160.00 Highest put. 1220.00 Highest call.
Friday, May 29, 2015 11:30 PM
$PCLN Max Pain is 1200.00 for maturity 05/29/2015. Price = 1172.04.
Friday, May 29, 2015 11:15 PM
$TWTR OI for maturity 05/29/2015. 36.00 Highest put. 37.00 Highest call.
Friday, May 29, 2015 10:31 PM
$CSIQ Max Pain is 34.50 for maturity 05/29/2015. Price = 32.66.