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I was checking out the link you gave me for Max Pain.. I am not a stock/math genius.. can you lay it out for me using the google example you linked me to and the expected results? I.E. Take this column, add it up, divide by this column, blah blah blah.. get this..
Hey man, while looking through the Max Pain link, I found something that'll make the data gathering a lot easier. Check this site out:http://www.cboe.com/DelayedQuote/QuoteTableDownload.aspxIt gives you the data in csv format.Okay, now with the max pain calculation. You need to add the "open int" column of all Calls (left hand side) at and below each strike price, which will give you a number for that strike price. Then, you need to add the "open int" for all Puts at that exact same strike price and subtract this number from the number that you got for the Calls. Change the resulting number into a positive number.Now, do this for all strike prices. The strike price with the number closest to zero is the Max Pain value.Then, you have to take the current price of the stock and divide it by the max pain value, which will give us a percentage. The higher the percentage, the better chance we have of making a profit on it before options expiration day.Of course, you will have to do this with probably a hundred or so stocks, maybe more. I can give you a list of stocks when you're ready for it.Let me know if you need some help.
The url got cut off. The webpage should be:QuoteTableDownload.aspx
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