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BIOCON
BIOCON LIMITED.

345.7 -7.70 (-2.18%)

Max pain for BIOCON

18 Jul 2024 11:01 AM IST

Max Pain for BIOCON is 350  



Strike  300  has a total call value of 0  versus a total put value of  31,090,000,000 Combined total value = 31,090,000,000

Strike  305  has a total call value of 13,750,000  versus a total put value of  27,590,000,000 Combined total value = 27,603,750,000

Strike  310  has a total call value of 27,500,000  versus a total put value of  24,090,000,000 Combined total value = 24,117,500,000

Strike  315  has a total call value of 41,250,000  versus a total put value of  20,687,500,000 Combined total value = 20,728,750,000

Strike  320  has a total call value of 55,000,000  versus a total put value of  17,317,500,000 Combined total value = 17,372,500,000

Strike  325  has a total call value of 102,500,000  versus a total put value of  14,331,250,000 Combined total value = 14,433,750,000

Strike  330  has a total call value of 165,000,000  versus a total put value of  11,516,250,000 Combined total value = 11,681,250,000

Strike  335  has a total call value of 292,500,000  versus a total put value of  9,013,750,000 Combined total value = 9,306,250,000

Strike  340  has a total call value of 435,000,000  versus a total put value of  6,658,750,000 Combined total value = 7,093,750,000

Strike  345  has a total call value of 707,500,000  versus a total put value of  4,662,500,000 Combined total value = 5,370,000,000

Strike  350  has a total call value of 1,042,500,000  versus a total put value of  2,821,250,000 Combined total value = 3,863,750,000

Strike  355  has a total call value of 2,303,750,000  versus a total put value of  1,705,000,000 Combined total value = 4,008,750,000

Strike  360  has a total call value of 4,066,250,000  versus a total put value of  831,250,000 Combined total value = 4,897,500,000

Strike  365  has a total call value of 7,252,500,000  versus a total put value of  513,750,000 Combined total value = 7,766,250,000

Strike  370  has a total call value of 11,006,250,000  versus a total put value of  196,250,000 Combined total value = 11,202,500,000

Strike  375  has a total call value of 16,015,000,000  versus a total put value of  90,000,000 Combined total value = 16,105,000,000

Strike  380  has a total call value of 21,655,000,000  versus a total put value of  60,000,000 Combined total value = 21,715,000,000

Strike  385  has a total call value of 28,365,000,000  versus a total put value of  30,000,000 Combined total value = 28,395,000,000

Strike  390  has a total call value of 35,230,000,000  versus a total put value of  0 Combined total value = 35,230,000,000

Strike  395  has a total call value of 42,667,500,000  versus a total put value of  0 Combined total value = 42,667,500,000

Strike  400  has a total call value of 50,180,000,000  versus a total put value of  0 Combined total value = 50,180,000,000

Strike  405  has a total call value of 58,466,250,000  versus a total put value of  0 Combined total value = 58,466,250,000

Strike  410  has a total call value of 66,752,500,000  versus a total put value of  0 Combined total value = 66,752,500,000

Strike  415  has a total call value of 75,448,750,000  versus a total put value of  0 Combined total value = 75,448,750,000

Strike  420  has a total call value of 84,145,000,000  versus a total put value of  0 Combined total value = 84,145,000,000

All Max-Pain Table

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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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.