CANBK
Canara Bank
Max pain for CANBK
18 Oct 2024 04:11 PM IST
Max Pain for CANBK is 107.5
Strike 85 has a total call value of 0 versus a total put value of 180,876,375,000 Combined total value = 180,876,375,000
Strike 86 has a total call value of 0 versus a total put value of 172,114,200,000 Combined total value = 172,114,200,000
Strike 87 has a total call value of 0 versus a total put value of 163,352,025,000 Combined total value = 163,352,025,000
Strike 87.5 has a total call value of 0 versus a total put value of 158,970,937,500 Combined total value = 158,970,937,500
Strike 88 has a total call value of 0 versus a total put value of 154,589,850,000 Combined total value = 154,589,850,000
Strike 89 has a total call value of 0 versus a total put value of 145,827,675,000 Combined total value = 145,827,675,000
Strike 90 has a total call value of 0 versus a total put value of 137,065,500,000 Combined total value = 137,065,500,000
Strike 91 has a total call value of 0 versus a total put value of 128,549,025,000 Combined total value = 128,549,025,000
Strike 92 has a total call value of 0 versus a total put value of 120,032,550,000 Combined total value = 120,032,550,000
Strike 92.5 has a total call value of 0 versus a total put value of 115,774,312,500 Combined total value = 115,774,312,500
Strike 93 has a total call value of 0 versus a total put value of 111,558,600,000 Combined total value = 111,558,600,000
Strike 94 has a total call value of 0 versus a total put value of 103,127,175,000 Combined total value = 103,127,175,000
Strike 95 has a total call value of 0 versus a total put value of 94,731,525,000 Combined total value = 94,731,525,000
Strike 96 has a total call value of 12,825,000 versus a total put value of 86,769,900,000 Combined total value = 86,782,725,000
Strike 97 has a total call value of 25,650,000 versus a total put value of 78,850,125,000 Combined total value = 78,875,775,000
Strike 97.5 has a total call value of 32,062,500 versus a total put value of 74,916,900,000 Combined total value = 74,948,962,500
Strike 98 has a total call value of 47,587,500 versus a total put value of 71,064,675,000 Combined total value = 71,112,262,500
Strike 99 has a total call value of 84,712,500 versus a total put value of 63,443,250,000 Combined total value = 63,527,962,500
Strike 100 has a total call value of 159,637,500 versus a total put value of 55,941,300,000 Combined total value = 56,100,937,500
Strike 101 has a total call value of 705,037,500 versus a total put value of 50,120,775,000 Combined total value = 50,825,812,500
Strike 102 has a total call value of 1,285,537,500 versus a total put value of 44,398,125,000 Combined total value = 45,683,662,500
Strike 102.5 has a total call value of 1,614,937,500 versus a total put value of 41,629,950,000 Combined total value = 43,244,887,500
Strike 103 has a total call value of 2,028,037,500 versus a total put value of 38,988,337,500 Combined total value = 41,016,375,000
Strike 104 has a total call value of 3,044,587,500 versus a total put value of 33,880,612,500 Combined total value = 36,925,200,000
Strike 105 has a total call value of 4,228,537,500 versus a total put value of 28,951,762,500 Combined total value = 33,180,300,000
Strike 106 has a total call value of 6,730,087,500 versus a total put value of 25,188,637,500 Combined total value = 31,918,725,000
Strike 107 has a total call value of 9,469,912,500 versus a total put value of 21,550,387,500 Combined total value = 31,020,300,000
Strike 107.5 has a total call value of 11,023,425,000 versus a total put value of 19,787,625,000 Combined total value = 30,811,050,000
Strike 108 has a total call value of 12,802,387,500 versus a total put value of 18,158,175,000 Combined total value = 30,960,562,500
Strike 109 has a total call value of 16,745,737,500 versus a total put value of 15,383,925,000 Combined total value = 32,129,662,500
Strike 110 has a total call value of 20,841,637,500 versus a total put value of 12,700,800,000 Combined total value = 33,542,437,500
Strike 111 has a total call value of 27,338,512,500 versus a total put value of 10,804,725,000 Combined total value = 38,143,237,500
Strike 112 has a total call value of 34,031,137,500 versus a total put value of 9,010,575,000 Combined total value = 43,041,712,500
Strike 112.5 has a total call value of 37,516,837,500 versus a total put value of 8,210,025,000 Combined total value = 45,726,862,500
Strike 113 has a total call value of 41,254,312,500 versus a total put value of 7,511,737,500 Combined total value = 48,766,050,000
Strike 114 has a total call value of 48,974,287,500 versus a total put value of 6,227,212,500 Combined total value = 55,201,500,000
Strike 115 has a total call value of 56,815,762,500 versus a total put value of 4,942,687,500 Combined total value = 61,758,450,000
Strike 116 has a total call value of 66,102,412,500 versus a total put value of 4,125,262,500 Combined total value = 70,227,675,000
Strike 117 has a total call value of 75,504,487,500 versus a total put value of 3,307,837,500 Combined total value = 78,812,325,000
Strike 117.5 has a total call value of 80,254,125,000 versus a total put value of 2,899,125,000 Combined total value = 83,153,250,000
Strike 118 has a total call value of 85,125,262,500 versus a total put value of 2,543,400,000 Combined total value = 87,668,662,500
Strike 119 has a total call value of 94,923,562,500 versus a total put value of 1,831,950,000 Combined total value = 96,755,512,500
Strike 120 has a total call value of 104,806,912,500 versus a total put value of 1,134,000,000 Combined total value = 105,940,912,500
Strike 121 has a total call value of 116,087,512,500 versus a total put value of 938,925,000 Combined total value = 117,026,437,500
Strike 122 has a total call value of 127,368,112,500 versus a total put value of 743,850,000 Combined total value = 128,111,962,500
Strike 122.5 has a total call value of 133,028,325,000 versus a total put value of 646,312,500 Combined total value = 133,674,637,500
Strike 123 has a total call value of 138,712,837,500 versus a total put value of 548,775,000 Combined total value = 139,261,612,500
Strike 124 has a total call value of 150,112,237,500 versus a total put value of 353,700,000 Combined total value = 150,465,937,500
Strike 125 has a total call value of 161,511,637,500 versus a total put value of 158,625,000 Combined total value = 161,670,262,500
Strike 126 has a total call value of 173,484,112,500 versus a total put value of 126,900,000 Combined total value = 173,611,012,500
Strike 127 has a total call value of 185,456,587,500 versus a total put value of 95,175,000 Combined total value = 185,551,762,500
Strike 127.5 has a total call value of 191,442,825,000 versus a total put value of 79,312,500 Combined total value = 191,522,137,500
Strike 128 has a total call value of 197,429,062,500 versus a total put value of 63,450,000 Combined total value = 197,492,512,500
Strike 129 has a total call value of 209,417,737,500 versus a total put value of 31,725,000 Combined total value = 209,449,462,500
Strike 130 has a total call value of 221,406,412,500 versus a total put value of 0 Combined total value = 221,406,412,500
Strike 131 has a total call value of 233,650,237,500 versus a total put value of 0 Combined total value = 233,650,237,500
Strike 132 has a total call value of 245,894,062,500 versus a total put value of 0 Combined total value = 245,894,062,500
Strike 132.5 has a total call value of 252,015,975,000 versus a total put value of 0 Combined total value = 252,015,975,000
Strike 133 has a total call value of 258,137,887,500 versus a total put value of 0 Combined total value = 258,137,887,500
Strike 134 has a total call value of 270,381,712,500 versus a total put value of 0 Combined total value = 270,381,712,500
Strike 135 has a total call value of 282,625,537,500 versus a total put value of 0 Combined total value = 282,625,537,500
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.
