INDIGO
INTERGLOBE AVIATION LTD
Max pain for INDIGO
16 Apr 2024 04:16 PM IST
Max Pain for INDIGO is 3600
Strike 2550 has a total call value of 0 versus a total put value of 155,142,000,000 Combined total value = 155,142,000,000
Strike 2600 has a total call value of 15,000,000 versus a total put value of 146,272,500,000 Combined total value = 146,287,500,000
Strike 2650 has a total call value of 30,000,000 versus a total put value of 137,403,000,000 Combined total value = 137,433,000,000
Strike 2700 has a total call value of 45,000,000 versus a total put value of 128,533,500,000 Combined total value = 128,578,500,000
Strike 2750 has a total call value of 60,000,000 versus a total put value of 119,664,000,000 Combined total value = 119,724,000,000
Strike 2800 has a total call value of 75,000,000 versus a total put value of 110,794,500,000 Combined total value = 110,869,500,000
Strike 2850 has a total call value of 90,000,000 versus a total put value of 101,925,000,000 Combined total value = 102,015,000,000
Strike 2900 has a total call value of 105,000,000 versus a total put value of 93,055,500,000 Combined total value = 93,160,500,000
Strike 2950 has a total call value of 120,000,000 versus a total put value of 84,186,000,000 Combined total value = 84,306,000,000
Strike 3000 has a total call value of 135,000,000 versus a total put value of 75,316,500,000 Combined total value = 75,451,500,000
Strike 3050 has a total call value of 150,000,000 versus a total put value of 67,027,500,000 Combined total value = 67,177,500,000
Strike 3100 has a total call value of 165,000,000 versus a total put value of 58,750,500,000 Combined total value = 58,915,500,000
Strike 3150 has a total call value of 180,000,000 versus a total put value of 50,908,500,000 Combined total value = 51,088,500,000
Strike 3200 has a total call value of 195,000,000 versus a total put value of 43,066,500,000 Combined total value = 43,261,500,000
Strike 3250 has a total call value of 210,000,000 versus a total put value of 36,612,000,000 Combined total value = 36,822,000,000
Strike 3300 has a total call value of 225,000,000 versus a total put value of 30,228,000,000 Combined total value = 30,453,000,000
Strike 3350 has a total call value of 528,000,000 versus a total put value of 24,733,500,000 Combined total value = 25,261,500,000
Strike 3400 has a total call value of 897,000,000 versus a total put value of 19,467,000,000 Combined total value = 20,364,000,000
Strike 3450 has a total call value of 1,375,500,000 versus a total put value of 15,027,000,000 Combined total value = 16,402,500,000
Strike 3500 has a total call value of 1,888,500,000 versus a total put value of 10,879,500,000 Combined total value = 12,768,000,000
Strike 3550 has a total call value of 2,844,000,000 versus a total put value of 7,689,000,000 Combined total value = 10,533,000,000
Strike 3600 has a total call value of 4,017,000,000 versus a total put value of 4,806,000,000 Combined total value = 8,823,000,000
Strike 3650 has a total call value of 7,026,000,000 versus a total put value of 3,084,000,000 Combined total value = 10,110,000,000
Strike 3700 has a total call value of 10,642,500,000 versus a total put value of 1,594,500,000 Combined total value = 12,237,000,000
Strike 3750 has a total call value of 15,591,000,000 versus a total put value of 739,500,000 Combined total value = 16,330,500,000
Strike 3800 has a total call value of 21,454,500,000 versus a total put value of 135,000,000 Combined total value = 21,589,500,000
Strike 3850 has a total call value of 29,227,500,000 versus a total put value of 69,000,000 Combined total value = 29,296,500,000
Strike 3900 has a total call value of 37,636,500,000 versus a total put value of 27,000,000 Combined total value = 37,663,500,000
Strike 3950 has a total call value of 47,040,000,000 versus a total put value of 13,500,000 Combined total value = 47,053,500,000
Strike 4000 has a total call value of 56,842,500,000 versus a total put value of 0 Combined total value = 56,842,500,000
Strike 4050 has a total call value of 69,010,500,000 versus a total put value of 0 Combined total value = 69,010,500,000
Strike 4100 has a total call value of 81,358,500,000 versus a total put value of 0 Combined total value = 81,358,500,000
Strike 4150 has a total call value of 94,816,500,000 versus a total put value of 0 Combined total value = 94,816,500,000
Strike 4200 has a total call value of 108,274,500,000 versus a total put value of 0 Combined total value = 108,274,500,000
Strike 4250 has a total call value of 122,212,500,000 versus a total put value of 0 Combined total value = 122,212,500,000
Strike 4300 has a total call value of 136,150,500,000 versus a total put value of 0 Combined total value = 136,150,500,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.