BIOCON
BIOCON LIMITED.
Max pain for BIOCON
04 Jul 2024 12:31 PM IST
Max Pain for BIOCON is 350
Strike 290 has a total call value of 0 versus a total put value of 39,693,750,000 Combined total value = 39,693,750,000
Strike 295 has a total call value of 0 versus a total put value of 35,451,250,000 Combined total value = 35,451,250,000
Strike 300 has a total call value of 0 versus a total put value of 31,208,750,000 Combined total value = 31,208,750,000
Strike 305 has a total call value of 16,250,000 versus a total put value of 27,531,250,000 Combined total value = 27,547,500,000
Strike 310 has a total call value of 32,500,000 versus a total put value of 23,882,500,000 Combined total value = 23,915,000,000
Strike 315 has a total call value of 48,750,000 versus a total put value of 20,405,000,000 Combined total value = 20,453,750,000
Strike 320 has a total call value of 65,000,000 versus a total put value of 16,963,750,000 Combined total value = 17,028,750,000
Strike 325 has a total call value of 81,250,000 versus a total put value of 13,938,750,000 Combined total value = 14,020,000,000
Strike 330 has a total call value of 97,500,000 versus a total put value of 11,085,000,000 Combined total value = 11,182,500,000
Strike 335 has a total call value of 197,500,000 versus a total put value of 8,558,750,000 Combined total value = 8,756,250,000
Strike 340 has a total call value of 316,250,000 versus a total put value of 6,175,000,000 Combined total value = 6,491,250,000
Strike 345 has a total call value of 648,750,000 versus a total put value of 4,218,750,000 Combined total value = 4,867,500,000
Strike 350 has a total call value of 1,058,750,000 versus a total put value of 2,493,750,000 Combined total value = 3,552,500,000
Strike 355 has a total call value of 2,132,500,000 versus a total put value of 1,511,250,000 Combined total value = 3,643,750,000
Strike 360 has a total call value of 3,662,500,000 versus a total put value of 792,500,000 Combined total value = 4,455,000,000
Strike 365 has a total call value of 6,301,250,000 versus a total put value of 488,750,000 Combined total value = 6,790,000,000
Strike 370 has a total call value of 9,441,250,000 versus a total put value of 283,750,000 Combined total value = 9,725,000,000
Strike 375 has a total call value of 13,235,000,000 versus a total put value of 190,000,000 Combined total value = 13,425,000,000
Strike 380 has a total call value of 17,146,250,000 versus a total put value of 111,250,000 Combined total value = 17,257,500,000
Strike 385 has a total call value of 21,966,250,000 versus a total put value of 70,000,000 Combined total value = 22,036,250,000
Strike 390 has a total call value of 26,822,500,000 versus a total put value of 28,750,000 Combined total value = 26,851,250,000
Strike 395 has a total call value of 32,366,250,000 versus a total put value of 15,000,000 Combined total value = 32,381,250,000
Strike 400 has a total call value of 37,955,000,000 versus a total put value of 2,500,000 Combined total value = 37,957,500,000
Strike 405 has a total call value of 44,133,750,000 versus a total put value of 1,250,000 Combined total value = 44,135,000,000
Strike 410 has a total call value of 50,312,500,000 versus a total put value of 0 Combined total value = 50,312,500,000
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.