ASIANPAINT
Asian Paints Limited
Max pain for ASIANPAINT
18 Sep 2024 03:51 PM IST
Max Pain for ASIANPAINT is 3260
Strike 2560 has a total call value of 0 versus a total put value of 144,628,800,000 Combined total value = 144,628,800,000
Strike 2580 has a total call value of 14,800,000 versus a total put value of 139,936,000,000 Combined total value = 139,950,800,000
Strike 2600 has a total call value of 29,600,000 versus a total put value of 135,243,200,000 Combined total value = 135,272,800,000
Strike 2620 has a total call value of 44,400,000 versus a total put value of 130,557,600,000 Combined total value = 130,602,000,000
Strike 2640 has a total call value of 59,200,000 versus a total put value of 125,872,000,000 Combined total value = 125,931,200,000
Strike 2660 has a total call value of 74,000,000 versus a total put value of 121,186,400,000 Combined total value = 121,260,400,000
Strike 2680 has a total call value of 88,800,000 versus a total put value of 116,500,800,000 Combined total value = 116,589,600,000
Strike 2700 has a total call value of 103,600,000 versus a total put value of 111,819,200,000 Combined total value = 111,922,800,000
Strike 2720 has a total call value of 118,400,000 versus a total put value of 107,186,400,000 Combined total value = 107,304,800,000
Strike 2740 has a total call value of 133,200,000 versus a total put value of 102,553,600,000 Combined total value = 102,686,800,000
Strike 2760 has a total call value of 148,000,000 versus a total put value of 97,920,800,000 Combined total value = 98,068,800,000
Strike 2780 has a total call value of 162,800,000 versus a total put value of 93,288,000,000 Combined total value = 93,450,800,000
Strike 2800 has a total call value of 177,600,000 versus a total put value of 88,655,200,000 Combined total value = 88,832,800,000
Strike 2820 has a total call value of 192,400,000 versus a total put value of 84,176,800,000 Combined total value = 84,369,200,000
Strike 2840 has a total call value of 207,200,000 versus a total put value of 79,698,400,000 Combined total value = 79,905,600,000
Strike 2860 has a total call value of 222,000,000 versus a total put value of 75,220,000,000 Combined total value = 75,442,000,000
Strike 2880 has a total call value of 236,800,000 versus a total put value of 70,809,600,000 Combined total value = 71,046,400,000
Strike 2900 has a total call value of 251,600,000 versus a total put value of 66,399,200,000 Combined total value = 66,650,800,000
Strike 2920 has a total call value of 266,400,000 versus a total put value of 62,164,000,000 Combined total value = 62,430,400,000
Strike 2940 has a total call value of 281,200,000 versus a total put value of 57,928,800,000 Combined total value = 58,210,000,000
Strike 2960 has a total call value of 296,000,000 versus a total put value of 53,725,600,000 Combined total value = 54,021,600,000
Strike 2980 has a total call value of 310,800,000 versus a total put value of 49,565,600,000 Combined total value = 49,876,400,000
Strike 3000 has a total call value of 325,600,000 versus a total put value of 45,442,400,000 Combined total value = 45,768,000,000
Strike 3020 has a total call value of 476,000,000 versus a total put value of 41,622,800,000 Combined total value = 42,098,800,000
Strike 3040 has a total call value of 626,400,000 versus a total put value of 37,847,600,000 Combined total value = 38,474,000,000
Strike 3060 has a total call value of 776,800,000 versus a total put value of 34,105,200,000 Combined total value = 34,882,000,000
Strike 3080 has a total call value of 927,200,000 versus a total put value of 30,408,000,000 Combined total value = 31,335,200,000
Strike 3100 has a total call value of 1,077,600,000 versus a total put value of 26,753,600,000 Combined total value = 27,831,200,000
Strike 3120 has a total call value of 1,332,400,000 versus a total put value of 23,488,000,000 Combined total value = 24,820,400,000
Strike 3140 has a total call value of 1,620,400,000 versus a total put value of 20,310,000,000 Combined total value = 21,930,400,000
Strike 3160 has a total call value of 1,988,000,000 versus a total put value of 17,240,800,000 Combined total value = 19,228,800,000
Strike 3180 has a total call value of 2,434,800,000 versus a total put value of 14,325,200,000 Combined total value = 16,760,000,000
Strike 3200 has a total call value of 2,946,800,000 versus a total put value of 11,564,000,000 Combined total value = 14,510,800,000
Strike 3220 has a total call value of 3,728,000,000 versus a total put value of 9,396,800,000 Combined total value = 13,124,800,000
Strike 3240 has a total call value of 4,594,800,000 versus a total put value of 7,468,400,000 Combined total value = 12,063,200,000
Strike 3260 has a total call value of 5,570,000,000 versus a total put value of 5,828,400,000 Combined total value = 11,398,400,000
Strike 3280 has a total call value of 7,212,400,000 versus a total put value of 4,417,200,000 Combined total value = 11,629,600,000
Strike 3300 has a total call value of 9,045,200,000 versus a total put value of 3,171,600,000 Combined total value = 12,216,800,000
Strike 3320 has a total call value of 11,645,600,000 versus a total put value of 2,308,800,000 Combined total value = 13,954,400,000
Strike 3340 has a total call value of 14,715,600,000 versus a total put value of 1,598,800,000 Combined total value = 16,314,400,000
Strike 3360 has a total call value of 18,278,000,000 versus a total put value of 1,050,400,000 Combined total value = 19,328,400,000
Strike 3380 has a total call value of 22,616,800,000 versus a total put value of 669,200,000 Combined total value = 23,286,000,000
Strike 3400 has a total call value of 27,400,000,000 versus a total put value of 366,000,000 Combined total value = 27,766,000,000
Strike 3420 has a total call value of 33,574,000,000 versus a total put value of 232,400,000 Combined total value = 33,806,400,000
Strike 3440 has a total call value of 39,997,200,000 versus a total put value of 124,800,000 Combined total value = 40,122,000,000
Strike 3460 has a total call value of 46,645,200,000 versus a total put value of 64,800,000 Combined total value = 46,710,000,000
Strike 3480 has a total call value of 53,431,200,000 versus a total put value of 32,400,000 Combined total value = 53,463,600,000
Strike 3500 has a total call value of 60,407,600,000 versus a total put value of 0 Combined total value = 60,407,600,000
Strike 3520 has a total call value of 67,731,200,000 versus a total put value of 0 Combined total value = 67,731,200,000
Strike 3540 has a total call value of 75,336,000,000 versus a total put value of 0 Combined total value = 75,336,000,000
Strike 3560 has a total call value of 82,984,000,000 versus a total put value of 0 Combined total value = 82,984,000,000
Strike 3580 has a total call value of 90,741,200,000 versus a total put value of 0 Combined total value = 90,741,200,000
Strike 3600 has a total call value of 98,517,600,000 versus a total put value of 0 Combined total value = 98,517,600,000
Strike 3620 has a total call value of 106,696,400,000 versus a total put value of 0 Combined total value = 106,696,400,000
Strike 3640 has a total call value of 114,875,200,000 versus a total put value of 0 Combined total value = 114,875,200,000
Strike 3660 has a total call value of 123,250,800,000 versus a total put value of 0 Combined total value = 123,250,800,000
Strike 3680 has a total call value of 131,626,400,000 versus a total put value of 0 Combined total value = 131,626,400,000
Strike 3700 has a total call value of 140,093,600,000 versus a total put value of 0 Combined total value = 140,093,600,000
Strike 3720 has a total call value of 148,560,800,000 versus a total put value of 0 Combined total value = 148,560,800,000
Strike 3740 has a total call value of 157,103,600,000 versus a total put value of 0 Combined total value = 157,103,600,000
Strike 3760 has a total call value of 165,646,400,000 versus a total put value of 0 Combined total value = 165,646,400,000
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.