ASHOKLEY
Ashok Leyland Ltd
Max pain for ASHOKLEY
16 Sep 2024 04:12 PM IST
Max Pain for ASHOKLEY is 250
Strike 200 has a total call value of 0 versus a total put value of 129,800,000,000 Combined total value = 129,800,000,000
Strike 202.5 has a total call value of 0 versus a total put value of 121,871,250,000 Combined total value = 121,871,250,000
Strike 205 has a total call value of 0 versus a total put value of 113,942,500,000 Combined total value = 113,942,500,000
Strike 207.5 has a total call value of 0 versus a total put value of 106,013,750,000 Combined total value = 106,013,750,000
Strike 210 has a total call value of 0 versus a total put value of 98,085,000,000 Combined total value = 98,085,000,000
Strike 212.5 has a total call value of 0 versus a total put value of 90,352,500,000 Combined total value = 90,352,500,000
Strike 215 has a total call value of 0 versus a total put value of 82,620,000,000 Combined total value = 82,620,000,000
Strike 217.5 has a total call value of 0 versus a total put value of 74,983,750,000 Combined total value = 74,983,750,000
Strike 220 has a total call value of 0 versus a total put value of 67,347,500,000 Combined total value = 67,347,500,000
Strike 222.5 has a total call value of 0 versus a total put value of 60,071,250,000 Combined total value = 60,071,250,000
Strike 225 has a total call value of 0 versus a total put value of 52,795,000,000 Combined total value = 52,795,000,000
Strike 227.5 has a total call value of 6,250,000 versus a total put value of 46,051,250,000 Combined total value = 46,057,500,000
Strike 230 has a total call value of 16,250,000 versus a total put value of 39,358,750,000 Combined total value = 39,375,000,000
Strike 232.5 has a total call value of 126,250,000 versus a total put value of 33,172,500,000 Combined total value = 33,298,750,000
Strike 235 has a total call value of 242,500,000 versus a total put value of 27,132,500,000 Combined total value = 27,375,000,000
Strike 237.5 has a total call value of 407,500,000 versus a total put value of 21,721,250,000 Combined total value = 22,128,750,000
Strike 240 has a total call value of 591,250,000 versus a total put value of 16,443,750,000 Combined total value = 17,035,000,000
Strike 242.5 has a total call value of 1,135,000,000 versus a total put value of 12,787,500,000 Combined total value = 13,922,500,000
Strike 245 has a total call value of 1,833,750,000 versus a total put value of 9,323,750,000 Combined total value = 11,157,500,000
Strike 247.5 has a total call value of 3,587,500,000 versus a total put value of 6,823,750,000 Combined total value = 10,411,250,000
Strike 250 has a total call value of 5,735,000,000 versus a total put value of 4,461,250,000 Combined total value = 10,196,250,000
Strike 252.5 has a total call value of 10,421,250,000 versus a total put value of 3,312,500,000 Combined total value = 13,733,750,000
Strike 255 has a total call value of 15,512,500,000 versus a total put value of 2,281,250,000 Combined total value = 17,793,750,000
Strike 257.5 has a total call value of 22,060,000,000 versus a total put value of 1,510,000,000 Combined total value = 23,570,000,000
Strike 260 has a total call value of 28,940,000,000 versus a total put value of 791,250,000 Combined total value = 29,731,250,000
Strike 262.5 has a total call value of 38,793,750,000 versus a total put value of 471,250,000 Combined total value = 39,265,000,000
Strike 265 has a total call value of 49,125,000,000 versus a total put value of 210,000,000 Combined total value = 49,335,000,000
Strike 267.5 has a total call value of 60,618,750,000 versus a total put value of 105,000,000 Combined total value = 60,723,750,000
Strike 270 has a total call value of 72,270,000,000 versus a total put value of 0 Combined total value = 72,270,000,000
Strike 272.5 has a total call value of 85,260,000,000 versus a total put value of 0 Combined total value = 85,260,000,000
Strike 275 has a total call value of 98,315,000,000 versus a total put value of 0 Combined total value = 98,315,000,000
Strike 277.5 has a total call value of 111,805,000,000 versus a total put value of 0 Combined total value = 111,805,000,000
Strike 280 has a total call value of 125,295,000,000 versus a total put value of 0 Combined total value = 125,295,000,000
Strike 282.5 has a total call value of 139,705,000,000 versus a total put value of 0 Combined total value = 139,705,000,000
Strike 285 has a total call value of 154,142,500,000 versus a total put value of 0 Combined total value = 154,142,500,000
Strike 287.5 has a total call value of 168,702,500,000 versus a total put value of 0 Combined total value = 168,702,500,000
Strike 290 has a total call value of 183,262,500,000 versus a total put value of 0 Combined total value = 183,262,500,000
Strike 292.5 has a total call value of 198,108,750,000 versus a total put value of 0 Combined total value = 198,108,750,000
Strike 295 has a total call value of 212,995,000,000 versus a total put value of 0 Combined total value = 212,995,000,000
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.