Max pain calculator
Paste one line per strike: strike, call OI, put OI. You can copy these columns from your broker's option chain.
Results appear here.
What max pain is
Max pain is the expiry price at which option buyers, in total, would lose the most, and option writers would pay out the least. It is a snapshot of open interest, not a forecast. Prices often move far from max pain.
For study and educational use. Not investment advice. Results are only as good as the numbers you enter.
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