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ASHOKLEY
ASHOK LEYLAND LTD

171.95 2.05 (1.21%)


Strike  147.5  has a total call value of 0  versus a total put value of  49,551,250,000 Combined total value = 49,551,250,000

Strike  150  has a total call value of 0  versus a total put value of  43,495,000,000 Combined total value = 43,495,000,000

Strike  152.5  has a total call value of 12,500,000  versus a total put value of  37,772,500,000 Combined total value = 37,785,000,000

Strike  155  has a total call value of 25,000,000  versus a total put value of  32,095,000,000 Combined total value = 32,120,000,000

Strike  157.5  has a total call value of 40,000,000  versus a total put value of  26,660,000,000 Combined total value = 26,700,000,000

Strike  160  has a total call value of 57,500,000  versus a total put value of  21,280,000,000 Combined total value = 21,337,500,000

Strike  162.5  has a total call value of 112,500,000  versus a total put value of  17,020,000,000 Combined total value = 17,132,500,000

Strike  165  has a total call value of 168,750,000  versus a total put value of  12,937,500,000 Combined total value = 13,106,250,000

Strike  167.5  has a total call value of 282,500,000  versus a total put value of  9,792,500,000 Combined total value = 10,075,000,000

Strike  170  has a total call value of 441,250,000  versus a total put value of  6,731,250,000 Combined total value = 7,172,500,000

Strike  172.5  has a total call value of 1,621,250,000  versus a total put value of  5,067,500,000 Combined total value = 6,688,750,000

Strike  175  has a total call value of 3,001,250,000  versus a total put value of  3,517,500,000 Combined total value = 6,518,750,000

Strike  177.5  has a total call value of 5,880,000,000  versus a total put value of  2,603,750,000 Combined total value = 8,483,750,000

Strike  180  has a total call value of 8,877,500,000  versus a total put value of  1,722,500,000 Combined total value = 10,600,000,000

Strike  182.5  has a total call value of 13,847,500,000  versus a total put value of  1,312,500,000 Combined total value = 15,160,000,000

Strike  185  has a total call value of 18,923,750,000  versus a total put value of  903,750,000 Combined total value = 19,827,500,000

Strike  187.5  has a total call value of 24,921,250,000  versus a total put value of  650,000,000 Combined total value = 25,571,250,000

Strike  190  has a total call value of 30,965,000,000  versus a total put value of  397,500,000 Combined total value = 31,362,500,000

Strike  192.5  has a total call value of 38,393,750,000  versus a total put value of  296,250,000 Combined total value = 38,690,000,000

Strike  195  has a total call value of 45,833,750,000  versus a total put value of  195,000,000 Combined total value = 46,028,750,000

Strike  197.5  has a total call value of 53,563,750,000  versus a total put value of  97,500,000 Combined total value = 53,661,250,000

Strike  200  has a total call value of 61,313,750,000  versus a total put value of  0 Combined total value = 61,313,750,000

Strike  202.5  has a total call value of 71,077,500,000  versus a total put value of  0 Combined total value = 71,077,500,000

Strike  205  has a total call value of 80,841,250,000  versus a total put value of  0 Combined total value = 80,841,250,000

Strike  207.5  has a total call value of 90,716,250,000  versus a total put value of  0 Combined total value = 90,716,250,000

Strike  210  has a total call value of 100,591,250,000  versus a total put value of  0 Combined total value = 100,591,250,000

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.