BATAINDIA
BATA INDIA LTD
Max pain for BATAINDIA
10 May 2024 04:19 PM IST
Max Pain for BATAINDIA is 1400
Strike 1200 has a total call value of 0 versus a total put value of 1,369,125,000 Combined total value = 1,369,125,000
Strike 1210 has a total call value of 0 versus a total put value of 1,242,000,000 Combined total value = 1,242,000,000
Strike 1220 has a total call value of 0 versus a total put value of 1,114,875,000 Combined total value = 1,114,875,000
Strike 1230 has a total call value of 0 versus a total put value of 989,250,000 Combined total value = 989,250,000
Strike 1240 has a total call value of 0 versus a total put value of 863,625,000 Combined total value = 863,625,000
Strike 1250 has a total call value of 0 versus a total put value of 770,250,000 Combined total value = 770,250,000
Strike 1260 has a total call value of 0 versus a total put value of 679,500,000 Combined total value = 679,500,000
Strike 1270 has a total call value of 0 versus a total put value of 595,875,000 Combined total value = 595,875,000
Strike 1280 has a total call value of 0 versus a total put value of 512,250,000 Combined total value = 512,250,000
Strike 1290 has a total call value of 0 versus a total put value of 428,625,000 Combined total value = 428,625,000
Strike 1300 has a total call value of 0 versus a total put value of 345,000,000 Combined total value = 345,000,000
Strike 1310 has a total call value of 0 versus a total put value of 310,500,000 Combined total value = 310,500,000
Strike 1320 has a total call value of 0 versus a total put value of 276,000,000 Combined total value = 276,000,000
Strike 1330 has a total call value of 0 versus a total put value of 241,500,000 Combined total value = 241,500,000
Strike 1340 has a total call value of 0 versus a total put value of 207,000,000 Combined total value = 207,000,000
Strike 1350 has a total call value of 0 versus a total put value of 172,500,000 Combined total value = 172,500,000
Strike 1360 has a total call value of 0 versus a total put value of 138,000,000 Combined total value = 138,000,000
Strike 1370 has a total call value of 0 versus a total put value of 103,500,000 Combined total value = 103,500,000
Strike 1380 has a total call value of 0 versus a total put value of 69,000,000 Combined total value = 69,000,000
Strike 1390 has a total call value of 0 versus a total put value of 34,500,000 Combined total value = 34,500,000
Strike 1400 has a total call value of 0 versus a total put value of 0 Combined total value = 0
Max Pain - Choose a symbol
Index
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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.