PCR · Max Pain · BBW Prime Guide

01 / THE IDEA

What you can do here

OI PCR divides put OI by call OI; volume PCR uses the corresponding activity measure. Max pain estimates the strike minimising aggregate intrinsic payout under the calculation's OI assumptions. The Max Pain card is the radar's nearest-expiry value: changing the expiry selector updates the PCR cards and the chain context but not that card. The history strip always shows the latest 30 stored sessions for the selected underlying and has no window control. These quantities depend on included strikes, date and expiry and do not reveal the complete hedged exposure of option participants.

Compare OI PCR with volume PCR without mixing the denominators.
Read max pain as a mechanical OI-based reference from the radar's nearest expiry, not a forecast of settlement.

02 / THE SCREEN

A look inside PCR · Max Pain

Historical capture

Captured Prime terminal context for PCR · Max Pain — Captured from the member terminal and re-rendered locally. The image is historical, not a live quote or an instruction to trade.

03 / READ IT RIGHT

From numbers to understanding

01
An absent or zero denominator can make a ratio unavailable; it must not be interpreted as neutral.
02
Market-wide PCR and one underlying/expiry PCR are different scopes.
03
Historical PCR observations need consistent identity and report coverage.
04
Underlying reference, max-pain strike and option premium are three distinct values.
05
The Max Pain card comes from the radar's nearest expiry; it does not follow the expiry selector.
06
The PCR history strip is fixed to the latest 30 stored sessions.

04 / WORKED EXAMPLE

NIFTY PCR CONTEXT

Illustrative walkthrough

Illustrative workflow: select NIFTY and an available expiry, read its OI PCR, then compare the max-pain strike with the separately labelled underlying reference. No current ratio, writer intent or expected settlement price is asserted.

A practice scenario using a real instrument or account workflow, not an observed result or a recommendation.

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05 / YOUR TURN

Try it, one step at a time

Use these checkboxes as a reading checklist. They do not perform actions in Prime.

Step 1Select the intended underlying and stored session; the expiry selector applies to the PCR cards and chain, not the Max Pain card.Step 2Open PCR · Max Pain and identify whether the ratio is OI-based or volume-based.Step 3Compare the fixed latest-30-session strip on a consistent underlying and inspect the chain's coverage.Step 4Use max pain only as context and verify the exact contract separately.

0 of 4 steps checked

06 / IMPORTANT CONTEXT

What this does not tell you

PCR extremes are not automatic contrarian signals, and max pain is not a prediction, price target or guaranteed expiry magnet.

Analysis, not advice. Past performance does not predict future results. Examples are illustrative; prices, scores and counts may have changed.

Read the full disclaimer ↓

PCR · Max Pain