ALKEM
ALKEM LABORATORIES LTD.
Max pain for ALKEM
26 Jul 2024 04:11 PM IST
Max Pain for ALKEM is 5200
Strike 4100 has a total call value of 0 versus a total put value of 3,196,000,000 Combined total value = 3,196,000,000
Strike 4150 has a total call value of 0 versus a total put value of 3,024,000,000 Combined total value = 3,024,000,000
Strike 4200 has a total call value of 0 versus a total put value of 2,852,000,000 Combined total value = 2,852,000,000
Strike 4250 has a total call value of 0 versus a total put value of 2,680,000,000 Combined total value = 2,680,000,000
Strike 4300 has a total call value of 0 versus a total put value of 2,508,000,000 Combined total value = 2,508,000,000
Strike 4350 has a total call value of 0 versus a total put value of 2,336,000,000 Combined total value = 2,336,000,000
Strike 4400 has a total call value of 0 versus a total put value of 2,164,000,000 Combined total value = 2,164,000,000
Strike 4450 has a total call value of 0 versus a total put value of 1,992,000,000 Combined total value = 1,992,000,000
Strike 4500 has a total call value of 0 versus a total put value of 1,820,000,000 Combined total value = 1,820,000,000
Strike 4550 has a total call value of 0 versus a total put value of 1,648,000,000 Combined total value = 1,648,000,000
Strike 4600 has a total call value of 0 versus a total put value of 1,476,000,000 Combined total value = 1,476,000,000
Strike 4650 has a total call value of 0 versus a total put value of 1,318,000,000 Combined total value = 1,318,000,000
Strike 4700 has a total call value of 0 versus a total put value of 1,160,000,000 Combined total value = 1,160,000,000
Strike 4750 has a total call value of 0 versus a total put value of 1,002,000,000 Combined total value = 1,002,000,000
Strike 4800 has a total call value of 0 versus a total put value of 844,000,000 Combined total value = 844,000,000
Strike 4850 has a total call value of 0 versus a total put value of 725,500,000 Combined total value = 725,500,000
Strike 4900 has a total call value of 0 versus a total put value of 607,000,000 Combined total value = 607,000,000
Strike 4950 has a total call value of 0 versus a total put value of 488,500,000 Combined total value = 488,500,000
Strike 5000 has a total call value of 0 versus a total put value of 370,000,000 Combined total value = 370,000,000
Strike 5050 has a total call value of 0 versus a total put value of 286,000,000 Combined total value = 286,000,000
Strike 5100 has a total call value of 0 versus a total put value of 202,000,000 Combined total value = 202,000,000
Strike 5150 has a total call value of 0 versus a total put value of 118,000,000 Combined total value = 118,000,000
Strike 5200 has a total call value of 0 versus a total put value of 34,000,000 Combined total value = 34,000,000
Strike 5250 has a total call value of 48,500,000 versus a total put value of 17,000,000 Combined total value = 65,500,000
Strike 5300 has a total call value of 99,000,000 versus a total put value of 0 Combined total value = 99,000,000
Strike 5350 has a total call value of 213,000,000 versus a total put value of 0 Combined total value = 213,000,000
Strike 5400 has a total call value of 327,000,000 versus a total put value of 0 Combined total value = 327,000,000
Strike 5450 has a total call value of 450,000,000 versus a total put value of 0 Combined total value = 450,000,000
Strike 5500 has a total call value of 573,000,000 versus a total put value of 0 Combined total value = 573,000,000
Strike 5550 has a total call value of 745,500,000 versus a total put value of 0 Combined total value = 745,500,000
Strike 5600 has a total call value of 918,000,000 versus a total put value of 0 Combined total value = 918,000,000
Strike 5650 has a total call value of 1,108,000,000 versus a total put value of 0 Combined total value = 1,108,000,000
Strike 5700 has a total call value of 1,298,000,000 versus a total put value of 0 Combined total value = 1,298,000,000
Strike 5750 has a total call value of 1,488,000,000 versus a total put value of 0 Combined total value = 1,488,000,000
Strike 5800 has a total call value of 1,678,000,000 versus a total put value of 0 Combined total value = 1,678,000,000
Strike 5850 has a total call value of 1,880,000,000 versus a total put value of 0 Combined total value = 1,880,000,000
Strike 5900 has a total call value of 2,082,000,000 versus a total put value of 0 Combined total value = 2,082,000,000
Strike 5950 has a total call value of 2,284,000,000 versus a total put value of 0 Combined total value = 2,284,000,000
Strike 6000 has a total call value of 2,486,000,000 versus a total put value of 0 Combined total value = 2,486,000,000
Strike 6050 has a total call value of 2,699,000,000 versus a total put value of 0 Combined total value = 2,699,000,000
Strike 6100 has a total call value of 2,912,000,000 versus a total put value of 0 Combined total value = 2,912,000,000
Strike 6150 has a total call value of 3,125,000,000 versus a total put value of 0 Combined total value = 3,125,000,000
Strike 6200 has a total call value of 3,338,000,000 versus a total put value of 0 Combined total value = 3,338,000,000
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.