ABFRL
ADITYA BIRLA FASHION & RT
Max pain for ABFRL
29 Nov 2023 04:15 PM IST
Max Pain for ABFRL is 225
Strike 175 has a total call value of 0 versus a total put value of 22,072,050,000 Combined total value = 22,072,050,000
Strike 177.5 has a total call value of 0 versus a total put value of 20,697,300,000 Combined total value = 20,697,300,000
Strike 180 has a total call value of 0 versus a total put value of 19,322,550,000 Combined total value = 19,322,550,000
Strike 182.5 has a total call value of 0 versus a total put value of 17,947,800,000 Combined total value = 17,947,800,000
Strike 185 has a total call value of 0 versus a total put value of 16,573,050,000 Combined total value = 16,573,050,000
Strike 187.5 has a total call value of 0 versus a total put value of 15,198,300,000 Combined total value = 15,198,300,000
Strike 190 has a total call value of 0 versus a total put value of 13,823,550,000 Combined total value = 13,823,550,000
Strike 192.5 has a total call value of 0 versus a total put value of 12,540,450,000 Combined total value = 12,540,450,000
Strike 195 has a total call value of 0 versus a total put value of 11,257,350,000 Combined total value = 11,257,350,000
Strike 197.5 has a total call value of 0 versus a total put value of 10,000,250,000 Combined total value = 10,000,250,000
Strike 200 has a total call value of 0 versus a total put value of 8,749,650,000 Combined total value = 8,749,650,000
Strike 202.5 has a total call value of 8,450,000 versus a total put value of 7,640,100,000 Combined total value = 7,648,550,000
Strike 205 has a total call value of 16,900,000 versus a total put value of 6,548,100,000 Combined total value = 6,565,000,000
Strike 207.5 has a total call value of 25,350,000 versus a total put value of 5,518,500,000 Combined total value = 5,543,850,000
Strike 210 has a total call value of 33,800,000 versus a total put value of 4,488,900,000 Combined total value = 4,522,700,000
Strike 212.5 has a total call value of 75,400,000 versus a total put value of 3,573,050,000 Combined total value = 3,648,450,000
Strike 215 has a total call value of 126,750,000 versus a total put value of 2,705,300,000 Combined total value = 2,832,050,000
Strike 217.5 has a total call value of 227,500,000 versus a total put value of 2,018,900,000 Combined total value = 2,246,400,000
Strike 220 has a total call value of 343,850,000 versus a total put value of 1,405,300,000 Combined total value = 1,749,150,000
Strike 222.5 has a total call value of 588,250,000 versus a total put value of 1,029,600,000 Combined total value = 1,617,850,000
Strike 225 has a total call value of 852,150,000 versus a total put value of 684,450,000 Combined total value = 1,536,600,000
Strike 227.5 has a total call value of 1,228,500,000 versus a total put value of 466,050,000 Combined total value = 1,694,550,000
Strike 230 has a total call value of 1,660,100,000 versus a total put value of 261,950,000 Combined total value = 1,922,050,000
Strike 232.5 has a total call value of 2,555,800,000 versus a total put value of 192,400,000 Combined total value = 2,748,200,000
Strike 235 has a total call value of 3,510,000,000 versus a total put value of 146,250,000 Combined total value = 3,656,250,000
Strike 237.5 has a total call value of 4,685,850,000 versus a total put value of 111,150,000 Combined total value = 4,797,000,000
Strike 240 has a total call value of 5,907,200,000 versus a total put value of 79,300,000 Combined total value = 5,986,500,000
Strike 242.5 has a total call value of 7,378,150,000 versus a total put value of 59,150,000 Combined total value = 7,437,300,000
Strike 245 has a total call value of 8,858,850,000 versus a total put value of 39,000,000 Combined total value = 8,897,850,000
Strike 247.5 has a total call value of 10,400,650,000 versus a total put value of 19,500,000 Combined total value = 10,420,150,000
Strike 250 has a total call value of 11,942,450,000 versus a total put value of 0 Combined total value = 11,942,450,000
Strike 252.5 has a total call value of 13,718,900,000 versus a total put value of 0 Combined total value = 13,718,900,000
Strike 255 has a total call value of 15,495,350,000 versus a total put value of 0 Combined total value = 15,495,350,000
Strike 257.5 has a total call value of 17,271,800,000 versus a total put value of 0 Combined total value = 17,271,800,000
Strike 260 has a total call value of 19,048,250,000 versus a total put value of 0 Combined total value = 19,048,250,000
Strike 262.5 has a total call value of 20,824,700,000 versus a total put value of 0 Combined total value = 20,824,700,000
Strike 265 has a total call value of 22,601,150,000 versus a total put value of 0 Combined total value = 22,601,150,000
Strike 267.5 has a total call value of 24,377,600,000 versus a total put value of 0 Combined total value = 24,377,600,000
Strike 270 has a total call value of 26,154,050,000 versus a total put value of 0 Combined total value = 26,154,050,000
Max Pain - Choose a symbol
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O
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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.