ASTRAL
Astral Limited
Max pain for ASTRAL
06 Sep 2024 04:10 PM IST
Max Pain for ASTRAL is 1940
Strike 1600 has a total call value of 0 versus a total put value of 50,368,548,000 Combined total value = 50,368,548,000
Strike 1620 has a total call value of 0 versus a total put value of 46,950,310,000 Combined total value = 46,950,310,000
Strike 1640 has a total call value of 0 versus a total put value of 43,532,072,000 Combined total value = 43,532,072,000
Strike 1660 has a total call value of 0 versus a total put value of 40,113,834,000 Combined total value = 40,113,834,000
Strike 1680 has a total call value of 0 versus a total put value of 36,695,596,000 Combined total value = 36,695,596,000
Strike 1700 has a total call value of 0 versus a total put value of 33,279,560,000 Combined total value = 33,279,560,000
Strike 1720 has a total call value of 0 versus a total put value of 30,019,866,000 Combined total value = 30,019,866,000
Strike 1740 has a total call value of 0 versus a total put value of 26,760,172,000 Combined total value = 26,760,172,000
Strike 1760 has a total call value of 0 versus a total put value of 23,518,094,000 Combined total value = 23,518,094,000
Strike 1780 has a total call value of 0 versus a total put value of 20,318,588,000 Combined total value = 20,318,588,000
Strike 1800 has a total call value of 0 versus a total put value of 17,163,856,000 Combined total value = 17,163,856,000
Strike 1820 has a total call value of 57,986,000 versus a total put value of 14,490,628,000 Combined total value = 14,548,614,000
Strike 1840 has a total call value of 119,642,000 versus a total put value of 11,863,642,000 Combined total value = 11,983,284,000
Strike 1860 has a total call value of 186,436,000 versus a total put value of 9,412,816,000 Combined total value = 9,599,252,000
Strike 1880 has a total call value of 256,166,000 versus a total put value of 7,378,168,000 Combined total value = 7,634,334,000
Strike 1900 has a total call value of 331,034,000 versus a total put value of 5,411,048,000 Combined total value = 5,742,082,000
Strike 1920 has a total call value of 825,750,000 versus a total put value of 4,270,412,000 Combined total value = 5,096,162,000
Strike 1940 has a total call value of 1,572,962,000 versus a total put value of 3,245,014,000 Combined total value = 4,817,976,000
Strike 1960 has a total call value of 2,724,608,000 versus a total put value of 2,437,614,000 Combined total value = 5,162,222,000
Strike 1980 has a total call value of 4,392,256,000 versus a total put value of 1,771,876,000 Combined total value = 6,164,132,000
Strike 2000 has a total call value of 6,324,144,000 versus a total put value of 1,167,060,000 Combined total value = 7,491,204,000
Strike 2020 has a total call value of 9,399,604,000 versus a total put value of 1,040,078,000 Combined total value = 10,439,682,000
Strike 2040 has a total call value of 12,525,710,000 versus a total put value of 926,308,000 Combined total value = 13,452,018,000
Strike 2060 has a total call value of 15,771,458,000 versus a total put value of 812,538,000 Combined total value = 16,583,996,000
Strike 2080 has a total call value of 19,115,562,000 versus a total put value of 708,310,000 Combined total value = 19,823,872,000
Strike 2100 has a total call value of 22,477,282,000 versus a total put value of 609,220,000 Combined total value = 23,086,502,000
Strike 2120 has a total call value of 26,400,512,000 versus a total put value of 510,130,000 Combined total value = 26,910,642,000
Strike 2140 has a total call value of 30,330,348,000 versus a total put value of 411,040,000 Combined total value = 30,741,388,000
Strike 2160 has a total call value of 34,302,756,000 versus a total put value of 311,950,000 Combined total value = 34,614,706,000
Strike 2180 has a total call value of 38,292,046,000 versus a total put value of 212,860,000 Combined total value = 38,504,906,000
Strike 2200 has a total call value of 42,315,834,000 versus a total put value of 113,770,000 Combined total value = 42,429,604,000
Strike 2220 has a total call value of 46,948,842,000 versus a total put value of 91,016,000 Combined total value = 47,039,858,000
Strike 2240 has a total call value of 51,581,850,000 versus a total put value of 68,262,000 Combined total value = 51,650,112,000
Strike 2260 has a total call value of 56,214,858,000 versus a total put value of 45,508,000 Combined total value = 56,260,366,000
Strike 2280 has a total call value of 60,847,866,000 versus a total put value of 22,754,000 Combined total value = 60,870,620,000
Strike 2300 has a total call value of 65,480,874,000 versus a total put value of 0 Combined total value = 65,480,874,000
Strike 2320 has a total call value of 70,251,874,000 versus a total put value of 0 Combined total value = 70,251,874,000
Strike 2340 has a total call value of 75,022,874,000 versus a total put value of 0 Combined total value = 75,022,874,000
Strike 2360 has a total call value of 79,793,874,000 versus a total put value of 0 Combined total value = 79,793,874,000
Strike 2380 has a total call value of 84,564,874,000 versus a total put value of 0 Combined total value = 84,564,874,000
Strike 2400 has a total call value of 89,335,874,000 versus a total put value of 0 Combined total value = 89,335,874,000
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.