ABBOTINDIA
Abbott India Limited
Max pain for ABBOTINDIA
22 Oct 2024 04:11 PM IST
Max Pain for ABBOTINDIA is 29000
Strike 27000 has a total call value of 0 versus a total put value of 2,469,000,000 Combined total value = 2,469,000,000
Strike 27250 has a total call value of 0 versus a total put value of 2,119,000,000 Combined total value = 2,119,000,000
Strike 27500 has a total call value of 0 versus a total put value of 1,769,000,000 Combined total value = 1,769,000,000
Strike 27750 has a total call value of 0 versus a total put value of 1,419,000,000 Combined total value = 1,419,000,000
Strike 28000 has a total call value of 0 versus a total put value of 1,069,000,000 Combined total value = 1,069,000,000
Strike 28250 has a total call value of 11,500,000 versus a total put value of 813,000,000 Combined total value = 824,500,000
Strike 28500 has a total call value of 23,000,000 versus a total put value of 557,500,000 Combined total value = 580,500,000
Strike 28750 has a total call value of 53,000,000 versus a total put value of 349,500,000 Combined total value = 402,500,000
Strike 29000 has a total call value of 83,000,000 versus a total put value of 158,500,000 Combined total value = 241,500,000
Strike 29250 has a total call value of 212,500,000 versus a total put value of 113,500,000 Combined total value = 326,000,000
Strike 29500 has a total call value of 378,000,000 versus a total put value of 79,000,000 Combined total value = 457,000,000
Strike 29750 has a total call value of 607,500,000 versus a total put value of 50,000,000 Combined total value = 657,500,000
Strike 30000 has a total call value of 837,000,000 versus a total put value of 21,000,000 Combined total value = 858,000,000
Strike 30250 has a total call value of 1,242,000,000 versus a total put value of 15,000,000 Combined total value = 1,257,000,000
Strike 30500 has a total call value of 1,647,000,000 versus a total put value of 9,000,000 Combined total value = 1,656,000,000
Strike 30750 has a total call value of 2,078,000,000 versus a total put value of 4,500,000 Combined total value = 2,082,500,000
Strike 31000 has a total call value of 2,509,000,000 versus a total put value of 0 Combined total value = 2,509,000,000
Strike 31250 has a total call value of 3,061,000,000 versus a total put value of 0 Combined total value = 3,061,000,000
Strike 31500 has a total call value of 3,613,000,000 versus a total put value of 0 Combined total value = 3,613,000,000
Strike 31750 has a total call value of 4,165,000,000 versus a total put value of 0 Combined total value = 4,165,000,000
Strike 32000 has a total call value of 4,717,000,000 versus a total put value of 0 Combined total value = 4,717,000,000
Strike 32250 has a total call value of 5,296,500,000 versus a total put value of 0 Combined total value = 5,296,500,000
Strike 32500 has a total call value of 5,876,000,000 versus a total put value of 0 Combined total value = 5,876,000,000
Strike 32750 has a total call value of 6,455,500,000 versus a total put value of 0 Combined total value = 6,455,500,000
Strike 33000 has a total call value of 7,035,000,000 versus a total put value of 0 Combined total value = 7,035,000,000
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.
