CANBK
CANARA BANK
Max pain for CANBK
04 Jul 2024 12:21 PM IST
Max Pain for CANBK is 120
Strike 96.8 has a total call value of 0 versus a total put value of 102,916,237,500 Combined total value = 102,916,237,500
Strike 97 has a total call value of 0 versus a total put value of 101,807,347,500 Combined total value = 101,807,347,500
Strike 97.5 has a total call value of 0 versus a total put value of 99,035,122,500 Combined total value = 99,035,122,500
Strike 97.8 has a total call value of 0 versus a total put value of 97,371,787,500 Combined total value = 97,371,787,500
Strike 98 has a total call value of 0 versus a total put value of 96,262,897,500 Combined total value = 96,262,897,500
Strike 98.8 has a total call value of 0 versus a total put value of 91,827,337,500 Combined total value = 91,827,337,500
Strike 99 has a total call value of 0 versus a total put value of 90,718,447,500 Combined total value = 90,718,447,500
Strike 99.8 has a total call value of 0 versus a total put value of 86,282,887,500 Combined total value = 86,282,887,500
Strike 100 has a total call value of 0 versus a total put value of 85,173,997,500 Combined total value = 85,173,997,500
Strike 100.8 has a total call value of 0 versus a total put value of 80,864,257,500 Combined total value = 80,864,257,500
Strike 101 has a total call value of 0 versus a total put value of 79,817,062,500 Combined total value = 79,817,062,500
Strike 101.8 has a total call value of 0 versus a total put value of 75,628,282,500 Combined total value = 75,628,282,500
Strike 102 has a total call value of 0 versus a total put value of 74,581,087,500 Combined total value = 74,581,087,500
Strike 102.5 has a total call value of 0 versus a total put value of 71,963,100,000 Combined total value = 71,963,100,000
Strike 102.8 has a total call value of 0 versus a total put value of 70,392,307,500 Combined total value = 70,392,307,500
Strike 103 has a total call value of 0 versus a total put value of 69,345,112,500 Combined total value = 69,345,112,500
Strike 103.8 has a total call value of 0 versus a total put value of 65,156,332,500 Combined total value = 65,156,332,500
Strike 104 has a total call value of 0 versus a total put value of 64,109,137,500 Combined total value = 64,109,137,500
Strike 104.8 has a total call value of 0 versus a total put value of 59,920,357,500 Combined total value = 59,920,357,500
Strike 105 has a total call value of 1,215,000 versus a total put value of 58,877,482,500 Combined total value = 58,878,697,500
Strike 105.8 has a total call value of 6,075,000 versus a total put value of 54,805,882,500 Combined total value = 54,811,957,500
Strike 106 has a total call value of 7,290,000 versus a total put value of 53,797,702,500 Combined total value = 53,804,992,500
Strike 106.8 has a total call value of 12,150,000 versus a total put value of 49,764,982,500 Combined total value = 49,777,132,500
Strike 107 has a total call value of 13,365,000 versus a total put value of 48,829,297,500 Combined total value = 48,842,662,500
Strike 107.5 has a total call value of 16,402,500 versus a total put value of 46,490,085,000 Combined total value = 46,506,487,500
Strike 107.8 has a total call value of 18,225,000 versus a total put value of 45,092,227,500 Combined total value = 45,110,452,500
Strike 108 has a total call value of 19,440,000 versus a total put value of 44,160,322,500 Combined total value = 44,179,762,500
Strike 108.8 has a total call value of 24,300,000 versus a total put value of 40,432,702,500 Combined total value = 40,457,002,500
Strike 109 has a total call value of 25,515,000 versus a total put value of 39,500,797,500 Combined total value = 39,526,312,500
Strike 109.8 has a total call value of 30,375,000 versus a total put value of 35,773,177,500 Combined total value = 35,803,552,500
Strike 110 has a total call value of 31,590,000 versus a total put value of 34,841,272,500 Combined total value = 34,872,862,500
Strike 110.8 has a total call value of 93,150,000 versus a total put value of 31,585,612,500 Combined total value = 31,678,762,500
Strike 111 has a total call value of 108,540,000 versus a total put value of 30,771,697,500 Combined total value = 30,880,237,500
Strike 111.8 has a total call value of 170,100,000 versus a total put value of 27,516,037,500 Combined total value = 27,686,137,500
Strike 112 has a total call value of 185,490,000 versus a total put value of 26,702,122,500 Combined total value = 26,887,612,500
Strike 112.5 has a total call value of 223,965,000 versus a total put value of 24,708,847,500 Combined total value = 24,932,812,500
Strike 112.8 has a total call value of 247,050,000 versus a total put value of 23,517,945,000 Combined total value = 23,764,995,000
Strike 113 has a total call value of 267,570,000 versus a total put value of 22,729,545,000 Combined total value = 22,997,115,000
Strike 113.8 has a total call value of 349,650,000 versus a total put value of 19,575,945,000 Combined total value = 19,925,595,000
Strike 114 has a total call value of 370,170,000 versus a total put value of 18,787,545,000 Combined total value = 19,157,715,000
Strike 114.8 has a total call value of 456,570,000 versus a total put value of 15,667,965,000 Combined total value = 16,124,535,000
Strike 115 has a total call value of 478,170,000 versus a total put value of 14,888,070,000 Combined total value = 15,366,240,000
Strike 115.8 has a total call value of 679,590,000 versus a total put value of 12,640,050,000 Combined total value = 13,319,640,000
Strike 116 has a total call value of 730,890,000 versus a total put value of 12,099,780,000 Combined total value = 12,830,670,000
Strike 116.8 has a total call value of 1,003,050,000 versus a total put value of 10,091,520,000 Combined total value = 11,094,570,000
Strike 117 has a total call value of 1,107,810,000 versus a total put value of 9,628,740,000 Combined total value = 10,736,550,000
Strike 117.5 has a total call value of 1,443,285,000 versus a total put value of 8,541,652,500 Combined total value = 9,984,937,500
Strike 117.8 has a total call value of 1,651,657,500 versus a total put value of 7,894,665,000 Combined total value = 9,546,322,500
Strike 118 has a total call value of 1,796,782,500 versus a total put value of 7,474,005,000 Combined total value = 9,270,787,500
Strike 118.8 has a total call value of 2,672,662,500 versus a total put value of 5,938,245,000 Combined total value = 8,610,907,500
Strike 119 has a total call value of 2,906,347,500 versus a total put value of 5,566,860,000 Combined total value = 8,473,207,500
Strike 119.8 has a total call value of 4,040,887,500 versus a total put value of 4,127,760,000 Combined total value = 8,168,647,500
Strike 120 has a total call value of 4,338,022,500 versus a total put value of 3,776,490,000 Combined total value = 8,114,512,500
Strike 120.8 has a total call value of 6,654,082,500 versus a total put value of 2,995,650,000 Combined total value = 9,649,732,500
Strike 121 has a total call value of 7,262,257,500 versus a total put value of 2,848,095,000 Combined total value = 10,110,352,500
Strike 121.8 has a total call value of 9,877,477,500 versus a total put value of 2,344,815,000 Combined total value = 12,222,292,500
Strike 122 has a total call value of 10,547,887,500 versus a total put value of 2,222,100,000 Combined total value = 12,769,987,500
Strike 122.5 has a total call value of 12,406,500,000 versus a total put value of 2,003,400,000 Combined total value = 14,409,900,000
Strike 122.8 has a total call value of 13,529,362,500 versus a total put value of 1,876,635,000 Combined total value = 15,405,997,500
Strike 123 has a total call value of 14,285,632,500 versus a total put value of 1,792,125,000 Combined total value = 16,077,757,500
Strike 123.8 has a total call value of 17,434,912,500 versus a total put value of 1,462,185,000 Combined total value = 18,897,097,500
Strike 124 has a total call value of 18,224,392,500 versus a total put value of 1,379,700,000 Combined total value = 19,604,092,500
Strike 124.8 has a total call value of 21,453,052,500 versus a total put value of 1,077,840,000 Combined total value = 22,530,892,500
Strike 125 has a total call value of 22,263,187,500 versus a total put value of 1,002,375,000 Combined total value = 23,265,562,500
Strike 125.8 has a total call value of 26,401,747,500 versus a total put value of 841,995,000 Combined total value = 27,243,742,500
Strike 126 has a total call value of 27,452,857,500 versus a total put value of 801,900,000 Combined total value = 28,254,757,500
Strike 126.8 has a total call value of 31,693,477,500 versus a total put value of 641,520,000 Combined total value = 32,334,997,500
Strike 127 has a total call value of 32,804,662,500 versus a total put value of 601,425,000 Combined total value = 33,406,087,500
Strike 127.5 has a total call value of 35,603,887,500 versus a total put value of 501,187,500 Combined total value = 36,105,075,000
Strike 127.8 has a total call value of 37,288,080,000 versus a total put value of 441,045,000 Combined total value = 37,729,125,000
Strike 128 has a total call value of 38,410,875,000 versus a total put value of 400,950,000 Combined total value = 38,811,825,000
Strike 128.8 has a total call value of 42,967,395,000 versus a total put value of 240,570,000 Combined total value = 43,207,965,000
Strike 129 has a total call value of 44,106,525,000 versus a total put value of 200,475,000 Combined total value = 44,307,000,000
Strike 129.8 has a total call value of 48,680,865,000 versus a total put value of 40,095,000 Combined total value = 48,720,960,000
Strike 130 has a total call value of 49,824,450,000 versus a total put value of 0 Combined total value = 49,824,450,000
Strike 130.8 has a total call value of 55,302,210,000 versus a total put value of 0 Combined total value = 55,302,210,000
Strike 131 has a total call value of 56,679,210,000 versus a total put value of 0 Combined total value = 56,679,210,000
Strike 131.8 has a total call value of 62,195,850,000 versus a total put value of 0 Combined total value = 62,195,850,000
Strike 132 has a total call value of 63,583,920,000 versus a total put value of 0 Combined total value = 63,583,920,000
Strike 132.5 has a total call value of 67,141,845,000 versus a total put value of 0 Combined total value = 67,141,845,000
Strike 132.8 has a total call value of 69,283,890,000 versus a total put value of 0 Combined total value = 69,283,890,000
Strike 133 has a total call value of 70,715,295,000 versus a total put value of 0 Combined total value = 70,715,295,000
Strike 133.8 has a total call value of 76,440,915,000 versus a total put value of 0 Combined total value = 76,440,915,000
Strike 134 has a total call value of 77,872,320,000 versus a total put value of 0 Combined total value = 77,872,320,000
Strike 134.8 has a total call value of 83,597,940,000 versus a total put value of 0 Combined total value = 83,597,940,000
Strike 135 has a total call value of 85,029,345,000 versus a total put value of 0 Combined total value = 85,029,345,000
Strike 135.8 has a total call value of 90,909,405,000 versus a total put value of 0 Combined total value = 90,909,405,000
Strike 136 has a total call value of 92,394,000,000 versus a total put value of 0 Combined total value = 92,394,000,000
Strike 136.8 has a total call value of 98,332,380,000 versus a total put value of 0 Combined total value = 98,332,380,000
Strike 137 has a total call value of 99,924,705,000 versus a total put value of 0 Combined total value = 99,924,705,000
Strike 137.5 has a total call value of 103,905,517,500 versus a total put value of 0 Combined total value = 103,905,517,500
Strike 137.8 has a total call value of 106,294,005,000 versus a total put value of 0 Combined total value = 106,294,005,000
Strike 138 has a total call value of 107,899,830,000 versus a total put value of 0 Combined total value = 107,899,830,000
Strike 138.8 has a total call value of 114,323,130,000 versus a total put value of 0 Combined total value = 114,323,130,000
Strike 139 has a total call value of 115,928,955,000 versus a total put value of 0 Combined total value = 115,928,955,000
Strike 140 has a total call value of 123,958,080,000 versus a total put value of 0 Combined total value = 123,958,080,000
Strike 140.8 has a total call value of 130,596,840,000 versus a total put value of 0 Combined total value = 130,596,840,000
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.