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ABCAPITAL
ADITYA BIRLA CAPITAL LTD.

186.75 -0.35 (-0.19%)


Strike  150  has a total call value of 0  versus a total put value of  34,059,150,000 Combined total value = 34,059,150,000

Strike  152.5  has a total call value of 0  versus a total put value of  31,128,300,000 Combined total value = 31,128,300,000

Strike  155  has a total call value of 0  versus a total put value of  28,198,800,000 Combined total value = 28,198,800,000

Strike  157.5  has a total call value of 0  versus a total put value of  25,269,300,000 Combined total value = 25,269,300,000

Strike  160  has a total call value of 0  versus a total put value of  22,339,800,000 Combined total value = 22,339,800,000

Strike  162.5  has a total call value of 0  versus a total put value of  19,561,500,000 Combined total value = 19,561,500,000

Strike  165  has a total call value of 0  versus a total put value of  16,783,200,000 Combined total value = 16,783,200,000

Strike  167.5  has a total call value of 0  versus a total put value of  14,245,200,000 Combined total value = 14,245,200,000

Strike  170  has a total call value of 1,350,000  versus a total put value of  11,707,200,000 Combined total value = 11,708,550,000

Strike  172.5  has a total call value of 2,700,000  versus a total put value of  9,877,950,000 Combined total value = 9,880,650,000

Strike  175  has a total call value of 4,050,000  versus a total put value of  8,048,700,000 Combined total value = 8,052,750,000

Strike  177.5  has a total call value of 5,400,000  versus a total put value of  6,466,500,000 Combined total value = 6,471,900,000

Strike  180  has a total call value of 6,750,000  versus a total put value of  4,895,100,000 Combined total value = 4,901,850,000

Strike  182.5  has a total call value of 234,900,000  versus a total put value of  3,769,200,000 Combined total value = 4,004,100,000

Strike  185  has a total call value of 494,100,000  versus a total put value of  2,670,300,000 Combined total value = 3,164,400,000

Strike  187.5  has a total call value of 1,042,200,000  versus a total put value of  1,925,100,000 Combined total value = 2,967,300,000

Strike  190  has a total call value of 1,628,100,000  versus a total put value of  1,179,900,000 Combined total value = 2,808,000,000

Strike  192.5  has a total call value of 3,115,800,000  versus a total put value of  858,600,000 Combined total value = 3,974,400,000

Strike  195  has a total call value of 4,664,250,000  versus a total put value of  537,300,000 Combined total value = 5,201,550,000

Strike  197.5  has a total call value of 6,828,300,000  versus a total put value of  268,650,000 Combined total value = 7,096,950,000

Strike  200  has a total call value of 9,020,700,000  versus a total put value of  0 Combined total value = 9,020,700,000

Strike  202.5  has a total call value of 12,814,200,000  versus a total put value of  0 Combined total value = 12,814,200,000

Strike  205  has a total call value of 16,607,700,000  versus a total put value of  0 Combined total value = 16,607,700,000

Strike  207.5  has a total call value of 20,553,750,000  versus a total put value of  0 Combined total value = 20,553,750,000

Strike  210  has a total call value of 24,499,800,000  versus a total put value of  0 Combined total value = 24,499,800,000

Strike  212.5  has a total call value of 29,145,150,000  versus a total put value of  0 Combined total value = 29,145,150,000

Strike  215  has a total call value of 33,790,500,000  versus a total put value of  0 Combined total value = 33,790,500,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.