ASHOKLEY
Ashok Leyland Ltd
Max pain for ASHOKLEY
18 Oct 2024 11:02 AM IST
Max Pain for ASHOKLEY is 230
Strike 190 has a total call value of 0 versus a total put value of 138,256,250,000 Combined total value = 138,256,250,000
Strike 192.5 has a total call value of 0 versus a total put value of 128,465,000,000 Combined total value = 128,465,000,000
Strike 195 has a total call value of 0 versus a total put value of 118,673,750,000 Combined total value = 118,673,750,000
Strike 197.5 has a total call value of 0 versus a total put value of 108,882,500,000 Combined total value = 108,882,500,000
Strike 200 has a total call value of 0 versus a total put value of 99,091,250,000 Combined total value = 99,091,250,000
Strike 202.5 has a total call value of 0 versus a total put value of 90,120,000,000 Combined total value = 90,120,000,000
Strike 205 has a total call value of 0 versus a total put value of 81,177,500,000 Combined total value = 81,177,500,000
Strike 207.5 has a total call value of 0 versus a total put value of 72,496,250,000 Combined total value = 72,496,250,000
Strike 210 has a total call value of 11,250,000 versus a total put value of 64,013,750,000 Combined total value = 64,025,000,000
Strike 212.5 has a total call value of 163,750,000 versus a total put value of 56,098,750,000 Combined total value = 56,262,500,000
Strike 215 has a total call value of 340,000,000 versus a total put value of 48,335,000,000 Combined total value = 48,675,000,000
Strike 217.5 has a total call value of 582,500,000 versus a total put value of 41,243,750,000 Combined total value = 41,826,250,000
Strike 220 has a total call value of 903,750,000 versus a total put value of 34,373,750,000 Combined total value = 35,277,500,000
Strike 222.5 has a total call value of 1,967,500,000 versus a total put value of 28,921,250,000 Combined total value = 30,888,750,000
Strike 225 has a total call value of 3,283,750,000 versus a total put value of 23,700,000,000 Combined total value = 26,983,750,000
Strike 227.5 has a total call value of 6,041,250,000 versus a total put value of 19,201,250,000 Combined total value = 25,242,500,000
Strike 230 has a total call value of 9,206,250,000 versus a total put value of 14,891,250,000 Combined total value = 24,097,500,000
Strike 232.5 has a total call value of 14,241,250,000 versus a total put value of 11,502,500,000 Combined total value = 25,743,750,000
Strike 235 has a total call value of 19,730,000,000 versus a total put value of 8,248,750,000 Combined total value = 27,978,750,000
Strike 237.5 has a total call value of 26,752,500,000 versus a total put value of 5,522,500,000 Combined total value = 32,275,000,000
Strike 240 has a total call value of 34,315,000,000 versus a total put value of 3,092,500,000 Combined total value = 37,407,500,000
Strike 242.5 has a total call value of 45,161,250,000 versus a total put value of 1,920,000,000 Combined total value = 47,081,250,000
Strike 245 has a total call value of 56,365,000,000 versus a total put value of 977,500,000 Combined total value = 57,342,500,000
Strike 247.5 has a total call value of 68,938,750,000 versus a total put value of 528,750,000 Combined total value = 69,467,500,000
Strike 250 has a total call value of 81,678,750,000 versus a total put value of 80,000,000 Combined total value = 81,758,750,000
Strike 252.5 has a total call value of 97,253,750,000 versus a total put value of 47,500,000 Combined total value = 97,301,250,000
Strike 255 has a total call value of 113,085,000,000 versus a total put value of 15,000,000 Combined total value = 113,100,000,000
Strike 257.5 has a total call value of 129,275,000,000 versus a total put value of 13,750,000 Combined total value = 129,288,750,000
Strike 260 has a total call value of 145,465,000,000 versus a total put value of 12,500,000 Combined total value = 145,477,500,000
Strike 262.5 has a total call value of 162,493,750,000 versus a total put value of 11,250,000 Combined total value = 162,505,000,000
Strike 265 has a total call value of 179,522,500,000 versus a total put value of 10,000,000 Combined total value = 179,532,500,000
Strike 267.5 has a total call value of 196,748,750,000 versus a total put value of 8,750,000 Combined total value = 196,757,500,000
Strike 270 has a total call value of 213,975,000,000 versus a total put value of 7,500,000 Combined total value = 213,982,500,000
Strike 272.5 has a total call value of 231,755,000,000 versus a total put value of 6,250,000 Combined total value = 231,761,250,000
Strike 275 has a total call value of 249,535,000,000 versus a total put value of 5,000,000 Combined total value = 249,540,000,000
Strike 277.5 has a total call value of 267,315,000,000 versus a total put value of 3,750,000 Combined total value = 267,318,750,000
Strike 280 has a total call value of 285,095,000,000 versus a total put value of 2,500,000 Combined total value = 285,097,500,000
Strike 282.5 has a total call value of 303,210,000,000 versus a total put value of 1,250,000 Combined total value = 303,211,250,000
Strike 285 has a total call value of 321,325,000,000 versus a total put value of 0 Combined total value = 321,325,000,000
Strike 287.5 has a total call value of 339,440,000,000 versus a total put value of 0 Combined total value = 339,440,000,000
Strike 290 has a total call value of 357,555,000,000 versus a total put value of 0 Combined total value = 357,555,000,000
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.
