BALRAMCHIN
BALRAMPUR CHINI MILLS LTD
Max pain for BALRAMCHIN
26 Jul 2024 04:10 PM IST
Max Pain for BALRAMCHIN is 450
Strike 380 has a total call value of 0 versus a total put value of 7,074,400,000 Combined total value = 7,074,400,000
Strike 385 has a total call value of 0 versus a total put value of 6,396,800,000 Combined total value = 6,396,800,000
Strike 390 has a total call value of 0 versus a total put value of 5,719,200,000 Combined total value = 5,719,200,000
Strike 395 has a total call value of 0 versus a total put value of 5,041,600,000 Combined total value = 5,041,600,000
Strike 400 has a total call value of 0 versus a total put value of 4,372,800,000 Combined total value = 4,372,800,000
Strike 405 has a total call value of 14,400,000 versus a total put value of 3,824,800,000 Combined total value = 3,839,200,000
Strike 410 has a total call value of 28,800,000 versus a total put value of 3,276,800,000 Combined total value = 3,305,600,000
Strike 415 has a total call value of 43,200,000 versus a total put value of 2,772,000,000 Combined total value = 2,815,200,000
Strike 420 has a total call value of 58,400,000 versus a total put value of 2,267,200,000 Combined total value = 2,325,600,000
Strike 425 has a total call value of 81,600,000 versus a total put value of 1,852,000,000 Combined total value = 1,933,600,000
Strike 430 has a total call value of 104,800,000 versus a total put value of 1,437,600,000 Combined total value = 1,542,400,000
Strike 435 has a total call value of 140,800,000 versus a total put value of 1,076,000,000 Combined total value = 1,216,800,000
Strike 440 has a total call value of 177,600,000 versus a total put value of 730,400,000 Combined total value = 908,000,000
Strike 445 has a total call value of 232,800,000 versus a total put value of 502,400,000 Combined total value = 735,200,000
Strike 450 has a total call value of 300,800,000 versus a total put value of 291,200,000 Combined total value = 592,000,000
Strike 455 has a total call value of 489,600,000 versus a total put value of 146,400,000 Combined total value = 636,000,000
Strike 460 has a total call value of 704,000,000 versus a total put value of 64,000,000 Combined total value = 768,000,000
Strike 465 has a total call value of 1,154,400,000 versus a total put value of 32,800,000 Combined total value = 1,187,200,000
Strike 470 has a total call value of 1,654,400,000 versus a total put value of 1,600,000 Combined total value = 1,656,000,000
Strike 475 has a total call value of 2,299,200,000 versus a total put value of 800,000 Combined total value = 2,300,000,000
Strike 480 has a total call value of 2,950,400,000 versus a total put value of 0 Combined total value = 2,950,400,000
Strike 485 has a total call value of 3,731,200,000 versus a total put value of 0 Combined total value = 3,731,200,000
Strike 490 has a total call value of 4,512,000,000 versus a total put value of 0 Combined total value = 4,512,000,000
Strike 495 has a total call value of 5,316,800,000 versus a total put value of 0 Combined total value = 5,316,800,000
Strike 500 has a total call value of 6,124,800,000 versus a total put value of 0 Combined total value = 6,124,800,000
Strike 505 has a total call value of 7,367,200,000 versus a total put value of 0 Combined total value = 7,367,200,000
Strike 510 has a total call value of 8,609,600,000 versus a total put value of 0 Combined total value = 8,609,600,000
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.