ASHOKLEY
Ashok Leyland Ltd
Max pain for ASHOKLEY
18 Sep 2024 04:12 PM IST
Max Pain for ASHOKLEY is 245
Strike 200 has a total call value of 0 versus a total put value of 122,742,500,000 Combined total value = 122,742,500,000
Strike 202.5 has a total call value of 0 versus a total put value of 114,988,750,000 Combined total value = 114,988,750,000
Strike 205 has a total call value of 0 versus a total put value of 107,235,000,000 Combined total value = 107,235,000,000
Strike 207.5 has a total call value of 1,250,000 versus a total put value of 99,495,000,000 Combined total value = 99,496,250,000
Strike 210 has a total call value of 2,500,000 versus a total put value of 91,755,000,000 Combined total value = 91,757,500,000
Strike 212.5 has a total call value of 13,750,000 versus a total put value of 84,235,000,000 Combined total value = 84,248,750,000
Strike 215 has a total call value of 25,000,000 versus a total put value of 76,715,000,000 Combined total value = 76,740,000,000
Strike 217.5 has a total call value of 36,250,000 versus a total put value of 69,298,750,000 Combined total value = 69,335,000,000
Strike 220 has a total call value of 47,500,000 versus a total put value of 61,901,250,000 Combined total value = 61,948,750,000
Strike 222.5 has a total call value of 102,500,000 versus a total put value of 54,931,250,000 Combined total value = 55,033,750,000
Strike 225 has a total call value of 160,000,000 versus a total put value of 48,040,000,000 Combined total value = 48,200,000,000
Strike 227.5 has a total call value of 226,250,000 versus a total put value of 41,603,750,000 Combined total value = 41,830,000,000
Strike 230 has a total call value of 298,750,000 versus a total put value of 35,306,250,000 Combined total value = 35,605,000,000
Strike 232.5 has a total call value of 507,500,000 versus a total put value of 29,583,750,000 Combined total value = 30,091,250,000
Strike 235 has a total call value of 738,750,000 versus a total put value of 23,988,750,000 Combined total value = 24,727,500,000
Strike 237.5 has a total call value of 1,336,250,000 versus a total put value of 19,037,500,000 Combined total value = 20,373,750,000
Strike 240 has a total call value of 2,218,750,000 versus a total put value of 14,230,000,000 Combined total value = 16,448,750,000
Strike 242.5 has a total call value of 4,387,500,000 versus a total put value of 10,820,000,000 Combined total value = 15,207,500,000
Strike 245 has a total call value of 6,918,750,000 versus a total put value of 7,655,000,000 Combined total value = 14,573,750,000
Strike 247.5 has a total call value of 11,167,500,000 versus a total put value of 5,420,000,000 Combined total value = 16,587,500,000
Strike 250 has a total call value of 15,962,500,000 versus a total put value of 3,301,250,000 Combined total value = 19,263,750,000
Strike 252.5 has a total call value of 23,870,000,000 versus a total put value of 2,358,750,000 Combined total value = 26,228,750,000
Strike 255 has a total call value of 32,206,250,000 versus a total put value of 1,530,000,000 Combined total value = 33,736,250,000
Strike 257.5 has a total call value of 41,971,250,000 versus a total put value of 945,000,000 Combined total value = 42,916,250,000
Strike 260 has a total call value of 51,988,750,000 versus a total put value of 412,500,000 Combined total value = 52,401,250,000
Strike 262.5 has a total call value of 65,095,000,000 versus a total put value of 262,500,000 Combined total value = 65,357,500,000
Strike 265 has a total call value of 78,515,000,000 versus a total put value of 112,500,000 Combined total value = 78,627,500,000
Strike 267.5 has a total call value of 92,728,750,000 versus a total put value of 93,750,000 Combined total value = 92,822,500,000
Strike 270 has a total call value of 107,065,000,000 versus a total put value of 75,000,000 Combined total value = 107,140,000,000
Strike 272.5 has a total call value of 122,780,000,000 versus a total put value of 56,250,000 Combined total value = 122,836,250,000
Strike 275 has a total call value of 138,551,250,000 versus a total put value of 37,500,000 Combined total value = 138,588,750,000
Strike 277.5 has a total call value of 154,698,750,000 versus a total put value of 18,750,000 Combined total value = 154,717,500,000
Strike 280 has a total call value of 170,882,500,000 versus a total put value of 0 Combined total value = 170,882,500,000
Strike 282.5 has a total call value of 187,911,250,000 versus a total put value of 0 Combined total value = 187,911,250,000
Strike 285 has a total call value of 204,940,000,000 versus a total put value of 0 Combined total value = 204,940,000,000
Strike 287.5 has a total call value of 222,083,750,000 versus a total put value of 0 Combined total value = 222,083,750,000
Strike 290 has a total call value of 239,243,750,000 versus a total put value of 0 Combined total value = 239,243,750,000
Strike 292.5 has a total call value of 256,592,500,000 versus a total put value of 0 Combined total value = 256,592,500,000
Strike 295 has a total call value of 273,978,750,000 versus a total put value of 0 Combined total value = 273,978,750,000
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.