📈 Max Pain Calculator
Calculate max pain levels for any stock or ETF
📚 Max Pain Theory
What is Max Pain Theory?
Max Pain Theory suggests that the price of an underlying stock will gravitate towards the price where the maximum number of options (both calls and puts) will expire worthless at expiration.
Why Does It Matter?
- • Market maker influence on price movement
- • Options hedging activity affects stock price
- • Strongest effect near expiration week
- • Risk management tool for traders
Max Pain Calculator
Yahoo Finance Data: Real-time options data with basic open interest and pricing information. Monthly expirations typically have the highest open interest.