BOSCHLTD
BOSCH LIMITED
Max pain for BOSCHLTD
02 Jul 2024 10:42 AM IST
Max Pain for BOSCHLTD is 33500
Strike 30000 has a total call value of 0 versus a total put value of 2,310,000,000 Combined total value = 2,310,000,000
Strike 30250 has a total call value of 625,000 versus a total put value of 2,067,500,000 Combined total value = 2,068,125,000
Strike 30500 has a total call value of 1,250,000 versus a total put value of 1,825,000,000 Combined total value = 1,826,250,000
Strike 30750 has a total call value of 1,875,000 versus a total put value of 1,582,500,000 Combined total value = 1,584,375,000
Strike 31000 has a total call value of 2,500,000 versus a total put value of 1,340,000,000 Combined total value = 1,342,500,000
Strike 31250 has a total call value of 3,125,000 versus a total put value of 1,142,500,000 Combined total value = 1,145,625,000
Strike 31500 has a total call value of 3,750,000 versus a total put value of 945,000,000 Combined total value = 948,750,000
Strike 31750 has a total call value of 4,375,000 versus a total put value of 747,500,000 Combined total value = 751,875,000
Strike 32000 has a total call value of 5,000,000 versus a total put value of 550,000,000 Combined total value = 555,000,000
Strike 32250 has a total call value of 5,625,000 versus a total put value of 450,625,000 Combined total value = 456,250,000
Strike 32500 has a total call value of 6,250,000 versus a total put value of 351,250,000 Combined total value = 357,500,000
Strike 32750 has a total call value of 6,875,000 versus a total put value of 251,875,000 Combined total value = 258,750,000
Strike 33000 has a total call value of 7,500,000 versus a total put value of 152,500,000 Combined total value = 160,000,000
Strike 33250 has a total call value of 8,125,000 versus a total put value of 114,375,000 Combined total value = 122,500,000
Strike 33500 has a total call value of 10,625,000 versus a total put value of 76,250,000 Combined total value = 86,875,000
Strike 33750 has a total call value of 55,625,000 versus a total put value of 38,125,000 Combined total value = 93,750,000
Strike 34000 has a total call value of 108,125,000 versus a total put value of 0 Combined total value = 108,125,000
Strike 34250 has a total call value of 258,750,000 versus a total put value of 0 Combined total value = 258,750,000
Strike 34500 has a total call value of 442,500,000 versus a total put value of 0 Combined total value = 442,500,000
Strike 34750 has a total call value of 705,625,000 versus a total put value of 0 Combined total value = 705,625,000
Strike 35000 has a total call value of 976,250,000 versus a total put value of 0 Combined total value = 976,250,000
Strike 35250 has a total call value of 1,454,375,000 versus a total put value of 0 Combined total value = 1,454,375,000
Strike 35500 has a total call value of 1,941,875,000 versus a total put value of 0 Combined total value = 1,941,875,000
Strike 35750 has a total call value of 2,436,875,000 versus a total put value of 0 Combined total value = 2,436,875,000
Strike 36000 has a total call value of 2,933,125,000 versus a total put value of 0 Combined total value = 2,933,125,000
Strike 36250 has a total call value of 3,593,750,000 versus a total put value of 0 Combined total value = 3,593,750,000
Strike 36500 has a total call value of 4,255,625,000 versus a total put value of 0 Combined total value = 4,255,625,000
Strike 36750 has a total call value of 4,917,500,000 versus a total put value of 0 Combined total value = 4,917,500,000
Strike 37000 has a total call value of 5,582,500,000 versus a total put value of 0 Combined total value = 5,582,500,000
Strike 37250 has a total call value of 6,311,250,000 versus a total put value of 0 Combined total value = 6,311,250,000
Strike 37500 has a total call value of 7,040,000,000 versus a total put value of 0 Combined total value = 7,040,000,000
Strike 37750 has a total call value of 7,775,625,000 versus a total put value of 0 Combined total value = 7,775,625,000
Strike 38000 has a total call value of 8,511,250,000 versus a total put value of 0 Combined total value = 8,511,250,000
Strike 38250 has a total call value of 9,280,000,000 versus a total put value of 0 Combined total value = 9,280,000,000
Strike 38500 has a total call value of 10,048,750,000 versus a total put value of 0 Combined total value = 10,048,750,000
Strike 38750 has a total call value of 10,836,875,000 versus a total put value of 0 Combined total value = 10,836,875,000
Strike 39000 has a total call value of 11,656,250,000 versus a total put value of 0 Combined total value = 11,656,250,000
Strike 39250 has a total call value of 12,475,625,000 versus a total put value of 0 Combined total value = 12,475,625,000
Strike 39500 has a total call value of 13,295,000,000 versus a total put value of 0 Combined total value = 13,295,000,000
Strike 39750 has a total call value of 14,114,375,000 versus a total put value of 0 Combined total value = 14,114,375,000
Strike 40000 has a total call value of 14,933,750,000 versus a total put value of 0 Combined total value = 14,933,750,000
Strike 40250 has a total call value of 15,753,125,000 versus a total put value of 0 Combined total value = 15,753,125,000
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.