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ALKEM
ALKEM LABORATORIES LTD.

5421.15 -2.05 (-0.04%)


Strike  4500  has a total call value of 0  versus a total put value of  11,933,000,000 Combined total value = 11,933,000,000

Strike  4550  has a total call value of 0  versus a total put value of  10,990,000,000 Combined total value = 10,990,000,000

Strike  4600  has a total call value of 0  versus a total put value of  10,047,000,000 Combined total value = 10,047,000,000

Strike  4650  has a total call value of 0  versus a total put value of  9,104,000,000 Combined total value = 9,104,000,000

Strike  4700  has a total call value of 0  versus a total put value of  8,161,000,000 Combined total value = 8,161,000,000

Strike  4750  has a total call value of 0  versus a total put value of  7,279,000,000 Combined total value = 7,279,000,000

Strike  4800  has a total call value of 0  versus a total put value of  6,397,000,000 Combined total value = 6,397,000,000

Strike  4850  has a total call value of 0  versus a total put value of  5,580,000,000 Combined total value = 5,580,000,000

Strike  4900  has a total call value of 0  versus a total put value of  4,763,000,000 Combined total value = 4,763,000,000

Strike  4950  has a total call value of 0  versus a total put value of  3,946,000,000 Combined total value = 3,946,000,000

Strike  5000  has a total call value of 0  versus a total put value of  3,129,000,000 Combined total value = 3,129,000,000

Strike  5050  has a total call value of 65,000,000  versus a total put value of  2,559,000,000 Combined total value = 2,624,000,000

Strike  5100  has a total call value of 130,000,000  versus a total put value of  1,989,000,000 Combined total value = 2,119,000,000

Strike  5150  has a total call value of 240,000,000  versus a total put value of  1,499,000,000 Combined total value = 1,739,000,000

Strike  5200  has a total call value of 350,000,000  versus a total put value of  1,009,000,000 Combined total value = 1,359,000,000

Strike  5250  has a total call value of 510,000,000  versus a total put value of  705,000,000 Combined total value = 1,215,000,000

Strike  5300  has a total call value of 670,000,000  versus a total put value of  401,000,000 Combined total value = 1,071,000,000

Strike  5350  has a total call value of 992,000,000  versus a total put value of  249,000,000 Combined total value = 1,241,000,000

Strike  5400  has a total call value of 1,314,000,000  versus a total put value of  97,000,000 Combined total value = 1,411,000,000

Strike  5450  has a total call value of 1,778,000,000  versus a total put value of  53,000,000 Combined total value = 1,831,000,000

Strike  5500  has a total call value of 2,276,000,000  versus a total put value of  20,000,000 Combined total value = 2,296,000,000

Strike  5550  has a total call value of 3,073,000,000  versus a total put value of  11,000,000 Combined total value = 3,084,000,000

Strike  5600  has a total call value of 3,870,000,000  versus a total put value of  2,000,000 Combined total value = 3,872,000,000

Strike  5650  has a total call value of 4,785,000,000  versus a total put value of  1,000,000 Combined total value = 4,786,000,000

Strike  5700  has a total call value of 5,702,000,000  versus a total put value of  0 Combined total value = 5,702,000,000

Strike  5750  has a total call value of 6,748,000,000  versus a total put value of  0 Combined total value = 6,748,000,000

Strike  5800  has a total call value of 7,794,000,000  versus a total put value of  0 Combined total value = 7,794,000,000

Strike  5850  has a total call value of 8,911,000,000  versus a total put value of  0 Combined total value = 8,911,000,000

Strike  5900  has a total call value of 10,037,000,000  versus a total put value of  0 Combined total value = 10,037,000,000

Strike  5950  has a total call value of 11,163,000,000  versus a total put value of  0 Combined total value = 11,163,000,000

Strike  6000  has a total call value of 12,298,000,000  versus a total put value of  0 Combined total value = 12,298,000,000

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.