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CANBK
CANARA BANK

120.81 -1.11 (-0.91%)

Max pain for CANBK

14 Jun 2024 04:05 PM IST

Max Pain for CANBK is 116.8  



Strike  86.8  has a total call value of 0  versus a total put value of  171,499,275,000 Combined total value = 171,499,275,000

Strike  87.8  has a total call value of 0  versus a total put value of  164,517,075,000 Combined total value = 164,517,075,000

Strike  88.8  has a total call value of 0  versus a total put value of  157,534,875,000 Combined total value = 157,534,875,000

Strike  89.8  has a total call value of 0  versus a total put value of  150,701,850,000 Combined total value = 150,701,850,000

Strike  90.8  has a total call value of 0  versus a total put value of  143,868,825,000 Combined total value = 143,868,825,000

Strike  91.8  has a total call value of 0  versus a total put value of  137,035,800,000 Combined total value = 137,035,800,000

Strike  92.8  has a total call value of 0  versus a total put value of  130,279,725,000 Combined total value = 130,279,725,000

Strike  93.8  has a total call value of 0  versus a total put value of  123,523,650,000 Combined total value = 123,523,650,000

Strike  94.8  has a total call value of 0  versus a total put value of  116,802,000,000 Combined total value = 116,802,000,000

Strike  95.8  has a total call value of 0  versus a total put value of  110,080,350,000 Combined total value = 110,080,350,000

Strike  96.8  has a total call value of 0  versus a total put value of  103,358,700,000 Combined total value = 103,358,700,000

Strike  97.8  has a total call value of 100,575,000  versus a total put value of  97,241,850,000 Combined total value = 97,342,425,000

Strike  98.8  has a total call value of 201,150,000  versus a total put value of  91,152,675,000 Combined total value = 91,353,825,000

Strike  99.8  has a total call value of 301,725,000  versus a total put value of  85,084,425,000 Combined total value = 85,386,150,000

Strike  100.8  has a total call value of 402,300,000  versus a total put value of  79,051,950,000 Combined total value = 79,454,250,000

Strike  101.8  has a total call value of 502,875,000  versus a total put value of  73,070,775,000 Combined total value = 73,573,650,000

Strike  102.8  has a total call value of 658,125,000  versus a total put value of  67,458,825,000 Combined total value = 68,116,950,000

Strike  103.8  has a total call value of 813,375,000  versus a total put value of  61,889,400,000 Combined total value = 62,702,775,000

Strike  104.8  has a total call value of 968,625,000  versus a total put value of  56,357,775,000 Combined total value = 57,326,400,000

Strike  105.8  has a total call value of 1,123,875,000  versus a total put value of  50,894,325,000 Combined total value = 52,018,200,000

Strike  106.8  has a total call value of 1,279,125,000  versus a total put value of  45,512,550,000 Combined total value = 46,791,675,000

Strike  107.8  has a total call value of 1,777,950,000  versus a total put value of  41,286,375,000 Combined total value = 43,064,325,000

Strike  108.8  has a total call value of 2,306,475,000  versus a total put value of  37,108,125,000 Combined total value = 39,414,600,000

Strike  109.8  has a total call value of 2,920,725,000  versus a total put value of  33,065,550,000 Combined total value = 35,986,275,000

Strike  110.8  has a total call value of 3,534,975,000  versus a total put value of  29,211,975,000 Combined total value = 32,746,950,000

Strike  111.8  has a total call value of 4,177,575,000  versus a total put value of  25,427,250,000 Combined total value = 29,604,825,000

Strike  112.8  has a total call value of 5,177,925,000  versus a total put value of  22,107,600,000 Combined total value = 27,285,525,000

Strike  113.8  has a total call value of 6,313,950,000  versus a total put value of  18,932,400,000 Combined total value = 25,246,350,000

Strike  114.8  has a total call value of 7,531,650,000  versus a total put value of  15,873,975,000 Combined total value = 23,405,625,000

Strike  115.8  has a total call value of 8,886,375,000  versus a total put value of  12,997,800,000 Combined total value = 21,884,175,000

Strike  116.8  has a total call value of 10,399,050,000  versus a total put value of  10,278,900,000 Combined total value = 20,677,950,000

Strike  117.8  has a total call value of 13,194,900,000  versus a total put value of  8,493,525,000 Combined total value = 21,688,425,000

Strike  118.8  has a total call value of 16,082,550,000  versus a total put value of  6,820,875,000 Combined total value = 22,903,425,000

Strike  119.8  has a total call value of 19,228,050,000  versus a total put value of  5,402,025,000 Combined total value = 24,630,075,000

Strike  120.8  has a total call value of 22,613,175,000  versus a total put value of  4,153,950,000 Combined total value = 26,767,125,000

Strike  121.8  has a total call value of 26,312,175,000  versus a total put value of  3,034,125,000 Combined total value = 29,346,300,000

Strike  122.8  has a total call value of 31,017,600,000  versus a total put value of  2,440,125,000 Combined total value = 33,457,725,000

Strike  123.8  has a total call value of 35,957,925,000  versus a total put value of  1,888,650,000 Combined total value = 37,846,575,000

Strike  124.8  has a total call value of 41,226,300,000  versus a total put value of  1,393,200,000 Combined total value = 42,619,500,000

Strike  125.8  has a total call value of 46,928,025,000  versus a total put value of  953,100,000 Combined total value = 47,881,125,000

Strike  126.8  has a total call value of 52,824,150,000  versus a total put value of  543,375,000 Combined total value = 53,367,525,000

Strike  127.8  has a total call value of 60,958,575,000  versus a total put value of  386,775,000 Combined total value = 61,345,350,000

Strike  128.8  has a total call value of 69,213,150,000  versus a total put value of  247,725,000 Combined total value = 69,460,875,000

Strike  129.8  has a total call value of 77,628,375,000  versus a total put value of  139,725,000 Combined total value = 77,768,100,000

Strike  130.8  has a total call value of 86,112,450,000  versus a total put value of  44,550,000 Combined total value = 86,157,000,000

Strike  131.8  has a total call value of 94,757,175,000  versus a total put value of  22,275,000 Combined total value = 94,779,450,000

Strike  132.8  has a total call value of 103,881,150,000  versus a total put value of  0 Combined total value = 103,881,150,000

Strike  133.8  has a total call value of 113,137,425,000  versus a total put value of  0 Combined total value = 113,137,425,000

Strike  134.8  has a total call value of 122,460,525,000  versus a total put value of  0 Combined total value = 122,460,525,000

Strike  135.8  has a total call value of 131,901,075,000  versus a total put value of  0 Combined total value = 131,901,075,000

Strike  136.8  has a total call value of 141,409,800,000  versus a total put value of  0 Combined total value = 141,409,800,000

Strike  137.8  has a total call value of 152,957,700,000  versus a total put value of  0 Combined total value = 152,957,700,000

Strike  138.8  has a total call value of 164,568,375,000  versus a total put value of  0 Combined total value = 164,568,375,000

Strike  139.8  has a total call value of 176,459,175,000  versus a total put value of  0 Combined total value = 176,459,175,000

Strike  140.8  has a total call value of 188,349,975,000  versus a total put value of  0 Combined total value = 188,349,975,000

Max Pain - Choose a symbol



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.