CANBK
CANARA BANK
Max pain for CANBK
26 Jul 2024 04:11 PM IST
Max Pain for CANBK is 115
Strike 90 has a total call value of 0 versus a total put value of 121,528,755,000 Combined total value = 121,528,755,000
Strike 92.5 has a total call value of 0 versus a total put value of 106,300,755,000 Combined total value = 106,300,755,000
Strike 95 has a total call value of 0 versus a total put value of 91,072,755,000 Combined total value = 91,072,755,000
Strike 97.5 has a total call value of 8,437,500 versus a total put value of 76,388,130,000 Combined total value = 76,396,567,500
Strike 100 has a total call value of 16,875,000 versus a total put value of 61,703,505,000 Combined total value = 61,720,380,000
Strike 102.5 has a total call value of 200,812,500 versus a total put value of 48,967,942,500 Combined total value = 49,168,755,000
Strike 104 has a total call value of 344,587,500 versus a total put value of 41,549,355,000 Combined total value = 41,893,942,500
Strike 105 has a total call value of 440,437,500 versus a total put value of 36,733,230,000 Combined total value = 37,173,667,500
Strike 107.5 has a total call value of 988,875,000 versus a total put value of 27,625,792,500 Combined total value = 28,614,667,500
Strike 110 has a total call value of 1,685,812,500 versus a total put value of 19,022,917,500 Combined total value = 20,708,730,000
Strike 112.5 has a total call value of 4,276,125,000 versus a total put value of 13,273,605,000 Combined total value = 17,549,730,000
Strike 115 has a total call value of 8,066,250,000 versus a total put value of 8,325,855,000 Combined total value = 16,392,105,000
Strike 116.8 has a total call value of 13,722,075,000 versus a total put value of 6,243,345,000 Combined total value = 19,965,420,000
Strike 117.5 has a total call value of 15,921,562,500 versus a total put value of 5,455,687,500 Combined total value = 21,377,250,000
Strike 120 has a total call value of 25,422,187,500 versus a total put value of 3,074,625,000 Combined total value = 28,496,812,500
Strike 122.5 has a total call value of 39,447,000,000 versus a total put value of 1,780,312,500 Combined total value = 41,227,312,500
Strike 125 has a total call value of 54,167,062,500 versus a total put value of 843,750,000 Combined total value = 55,010,812,500
Strike 126.8 has a total call value of 66,006,022,500 versus a total put value of 510,840,000 Combined total value = 66,516,862,500
Strike 127.5 has a total call value of 70,629,907,500 versus a total put value of 381,375,000 Combined total value = 71,011,282,500
Strike 130 has a total call value of 87,272,032,500 versus a total put value of 40,500,000 Combined total value = 87,312,532,500
Strike 132.5 has a total call value of 105,073,470,000 versus a total put value of 11,812,500 Combined total value = 105,085,282,500
Strike 135 has a total call value of 122,933,970,000 versus a total put value of 0 Combined total value = 122,933,970,000
Strike 137.5 has a total call value of 141,677,032,500 versus a total put value of 0 Combined total value = 141,677,032,500
Strike 140 has a total call value of 160,420,095,000 versus a total put value of 0 Combined total value = 160,420,095,000
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.