ABFRL
ADITYA BIRLA FASHION & RT
Max pain for ABFRL
04 Jul 2024 12:32 PM IST
Max Pain for ABFRL is 320
Strike 270 has a total call value of 0 versus a total put value of 51,401,350,000 Combined total value = 51,401,350,000
Strike 272.5 has a total call value of 0 versus a total put value of 48,461,400,000 Combined total value = 48,461,400,000
Strike 275 has a total call value of 0 versus a total put value of 45,521,450,000 Combined total value = 45,521,450,000
Strike 277.5 has a total call value of 0 versus a total put value of 42,581,500,000 Combined total value = 42,581,500,000
Strike 280 has a total call value of 0 versus a total put value of 39,641,550,000 Combined total value = 39,641,550,000
Strike 282.5 has a total call value of 1,300,000 versus a total put value of 36,865,400,000 Combined total value = 36,866,700,000
Strike 285 has a total call value of 2,600,000 versus a total put value of 34,089,250,000 Combined total value = 34,091,850,000
Strike 287.5 has a total call value of 3,900,000 versus a total put value of 31,313,100,000 Combined total value = 31,317,000,000
Strike 290 has a total call value of 5,200,000 versus a total put value of 28,536,950,000 Combined total value = 28,542,150,000
Strike 292.5 has a total call value of 6,500,000 versus a total put value of 25,997,400,000 Combined total value = 26,003,900,000
Strike 295 has a total call value of 7,800,000 versus a total put value of 23,457,850,000 Combined total value = 23,465,650,000
Strike 297.5 has a total call value of 9,100,000 versus a total put value of 21,124,350,000 Combined total value = 21,133,450,000
Strike 300 has a total call value of 10,400,000 versus a total put value of 18,790,850,000 Combined total value = 18,801,250,000
Strike 302.5 has a total call value of 107,250,000 versus a total put value of 16,681,600,000 Combined total value = 16,788,850,000
Strike 305 has a total call value of 204,100,000 versus a total put value of 14,589,900,000 Combined total value = 14,794,000,000
Strike 307.5 has a total call value of 300,950,000 versus a total put value of 12,530,050,000 Combined total value = 12,831,000,000
Strike 310 has a total call value of 397,800,000 versus a total put value of 10,524,150,000 Combined total value = 10,921,950,000
Strike 312.5 has a total call value of 596,700,000 versus a total put value of 8,842,600,000 Combined total value = 9,439,300,000
Strike 315 has a total call value of 801,450,000 versus a total put value of 7,201,350,000 Combined total value = 8,002,800,000
Strike 317.5 has a total call value of 1,069,900,000 versus a total put value of 5,735,600,000 Combined total value = 6,805,500,000
Strike 320 has a total call value of 1,338,350,000 versus a total put value of 4,308,850,000 Combined total value = 5,647,200,000
Strike 322.5 has a total call value of 2,724,150,000 versus a total put value of 3,430,050,000 Combined total value = 6,154,200,000
Strike 325 has a total call value of 4,198,350,000 versus a total put value of 2,611,700,000 Combined total value = 6,810,050,000
Strike 327.5 has a total call value of 5,838,950,000 versus a total put value of 1,899,950,000 Combined total value = 7,738,900,000
Strike 330 has a total call value of 7,549,100,000 versus a total put value of 1,238,250,000 Combined total value = 8,787,350,000
Strike 332.5 has a total call value of 10,136,100,000 versus a total put value of 915,200,000 Combined total value = 11,051,300,000
Strike 335 has a total call value of 12,790,700,000 versus a total put value of 622,700,000 Combined total value = 13,413,400,000
Strike 337.5 has a total call value of 15,860,650,000 versus a total put value of 490,750,000 Combined total value = 16,351,400,000
Strike 340 has a total call value of 18,994,950,000 versus a total put value of 358,800,000 Combined total value = 19,353,750,000
Strike 342.5 has a total call value of 22,881,300,000 versus a total put value of 293,150,000 Combined total value = 23,174,450,000
Strike 345 has a total call value of 26,767,650,000 versus a total put value of 227,500,000 Combined total value = 26,995,150,000
Strike 347.5 has a total call value of 30,778,800,000 versus a total put value of 169,000,000 Combined total value = 30,947,800,000
Strike 350 has a total call value of 34,789,950,000 versus a total put value of 110,500,000 Combined total value = 34,900,450,000
Strike 355 has a total call value of 43,953,650,000 versus a total put value of 57,200,000 Combined total value = 44,010,850,000
Strike 357.5 has a total call value of 48,617,400,000 versus a total put value of 36,400,000 Combined total value = 48,653,800,000
Strike 360 has a total call value of 53,307,800,000 versus a total put value of 20,800,000 Combined total value = 53,328,600,000
Strike 362.5 has a total call value of 58,293,950,000 versus a total put value of 15,600,000 Combined total value = 58,309,550,000
Strike 365 has a total call value of 63,280,100,000 versus a total put value of 10,400,000 Combined total value = 63,290,500,000
Strike 370 has a total call value of 73,567,000,000 versus a total put value of 0 Combined total value = 73,567,000,000
Strike 375 has a total call value of 84,570,200,000 versus a total put value of 0 Combined total value = 84,570,200,000
Strike 380 has a total call value of 95,573,400,000 versus a total put value of 0 Combined total value = 95,573,400,000
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.