NSE Options Strategies (MoneyScreener)

It allows users to calculate the MAXPAIN/OPTIONPAIN of F&O stocks and view Options Trading Tips on NSE Option chain Website.
What is NSE Options Strategies (MoneyScreener)?
'NSE Options Strategies (MoneyScreener)' is a Chrome extension that enables users to accurately compute the MAXPAIN or OPTIONPAIN of futures and options stocks. The extension uses the theory of options pain to identify the price point at which the market is most likely to expire - a principle based on the belief that '90% of the options expire worthless, hence option writers make money more consistently than the buyers'. Moreover, it also presents useful Options Trading Tips, making it a valuable tool for traders in the NSE Option chain website.

Extension stats

Users: 532 ▼ -3
Rating: 3.00 (2)
Version: 1.1.1.0 (Last updated: 2018-06-24)
Creation date: 2018-06-24
Risk impact: High risk impact
Risk likelihood: Low risk likelihood
Manifest version: 2
Permissions:
  • tabs
  • declarativeContent
  • https://www.nseindia.com/live_market/dynaContent/live_watch/option_chain/*
  • https://www.nse-india.com/live_market/dynaContent/live_watch/option_chain/*
  • https://in.investing.com/stock-screener/*
  • http://*/*
Size: 205.82K
URLs: Website

Other platforms

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Extension summary

Option Pain, or sometimes referred to as ‘Max Pain’ has a significant fan following and probably an equal number of people who despise it. The theory of options pain stems as a corollary to the belief – “90% of the options expire worthless, hence option writers/sellers tend to make money more often, more consistently than the option buyers”.

This is still a very young theory as the origins of Option Pain dates back to 2004. If one can identify this price point, then it’s most likely that this is the point at which markets will expire. The ‘Option Pain’ theory does just this – identify the price at which the market is likely to expire considering least amount of pain is caused to option writers.

Here is how optionspain.com formally defines Option Pain – “In the options market, wealth transfer between option buyers and sellers is a zero sum game. On option expiration days, the underlying stock price often moves toward a point that brings maximum loss to option buyers. This specific price, calculated based on all outstanding options in the markets, is called Option Pain. Option Pain is a proxy for the stock price manipulation target by the option selling group”.

User reviews

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by Chinmay Tamhane, 2020-11-27
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Extension safety

Risk impact

NSE Options Strategies (MoneyScreener) requires some sensitive permissions that could impact your browser and data security. Exercise caution before installing.

Risk likelihood

NSE Options Strategies (MoneyScreener) has earned a fairly good reputation and likely can be trusted.

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