Max pain
Doosre naam: maximum pain, option max pain, max pain strike.
Is page ke kuch hisse abhi English mein hain.
Formula
Call value = max(0, expiry level − strike) × call OI. Put value = max(0, strike − expiry level) × put OI. Add every row. Pick the shown strike with the smallest total.
Ise kaise padhein
Call ki value expiry level minus strike hai, par 0 se kam nahi. Put ki value strike minus expiry level hai, par 0 se kam nahi. Har value ko uske OI se guna karo. Har row jodo. Dikhayi gayi strikes mein sabse chhota kul chuno.
Game ki 1 practice chain mein 11 strikes hain. 24,700 par kul 13,61,500 OI guna points hai. 24,650 par 14,14,650 hai. 24,750 par 19,28,100 hai. Sabhi dikhayi strikes mein sabse chhota kul 24,700 par hai. Wahi is table ka max pain hai. Har row ka lot size wahi hai, isliye use yahan chhoda hai.
Yeh kya nahi batata
Yeh 1 OI table ka snapshot aur expiry ka hisaab hai. Yeh closing price nahi batata. Daam is strike se door band ho sakta hai. OI ya dikhayi strikes badlein toh jawab badal sakta hai. Diye hue premiums, fees aur expiry se pehle band trades is jod mein nahi hain.
Experiment mein dekho
Market X-Ray mein ek input badlo aur dekho kya hota hai.
Market X-Ray: Open Interest — Open interest badalne par asal mein kya badalta hai?
Jude hue concepts
Open interest ek maap hai. Bhavishyavani ek kahani hai.
Open interest ek maap hai. Bhavishyavani ek kahani hai ki dhaarak aage kya karenge. Yeh ginti woh kahani nahi de sakti.
Lesson kholo