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CHAMBLFERT
CHAMBAL FERTILIZERS LTD

367.6 -3.45 (-0.93%)


Strike  330  has a total call value of 0  versus a total put value of  5,032,625,000 Combined total value = 5,032,625,000

Strike  332.5  has a total call value of 0  versus a total put value of  4,566,175,000 Combined total value = 4,566,175,000

Strike  335  has a total call value of 0  versus a total put value of  4,099,725,000 Combined total value = 4,099,725,000

Strike  337.5  has a total call value of 0  versus a total put value of  3,657,975,000 Combined total value = 3,657,975,000

Strike  340  has a total call value of 0  versus a total put value of  3,216,225,000 Combined total value = 3,216,225,000

Strike  342.5  has a total call value of 0  versus a total put value of  2,831,475,000 Combined total value = 2,831,475,000

Strike  345  has a total call value of 0  versus a total put value of  2,451,475,000 Combined total value = 2,451,475,000

Strike  347.5  has a total call value of 0  versus a total put value of  2,113,275,000 Combined total value = 2,113,275,000

Strike  350  has a total call value of 8,075,000  versus a total put value of  1,779,350,000 Combined total value = 1,787,425,000

Strike  352.5  has a total call value of 36,575,000  versus a total put value of  1,525,225,000 Combined total value = 1,561,800,000

Strike  355  has a total call value of 71,725,000  versus a total put value of  1,288,675,000 Combined total value = 1,360,400,000

Strike  357.5  has a total call value of 123,975,000  versus a total put value of  1,073,500,000 Combined total value = 1,197,475,000

Strike  360  has a total call value of 181,450,000  versus a total put value of  863,075,000 Combined total value = 1,044,525,000

Strike  362.5  has a total call value of 294,025,000  versus a total put value of  704,425,000 Combined total value = 998,450,000

Strike  365  has a total call value of 406,600,000  versus a total put value of  545,775,000 Combined total value = 952,375,000

Strike  367.5  has a total call value of 549,575,000  versus a total put value of  409,925,000 Combined total value = 959,500,000

Strike  370  has a total call value of 700,150,000  versus a total put value of  284,525,000 Combined total value = 984,675,000

Strike  372.5  has a total call value of 1,075,875,000  versus a total put value of  211,375,000 Combined total value = 1,287,250,000

Strike  375  has a total call value of 1,463,950,000  versus a total put value of  149,150,000 Combined total value = 1,613,100,000

Strike  377.5  has a total call value of 1,918,050,000  versus a total put value of  95,950,000 Combined total value = 2,014,000,000

Strike  380  has a total call value of 2,384,500,000  versus a total put value of  44,650,000 Combined total value = 2,429,150,000

Strike  382.5  has a total call value of 3,143,550,000  versus a total put value of  35,625,000 Combined total value = 3,179,175,000

Strike  385  has a total call value of 3,902,600,000  versus a total put value of  33,250,000 Combined total value = 3,935,850,000

Strike  387.5  has a total call value of 4,739,075,000  versus a total put value of  30,875,000 Combined total value = 4,769,950,000

Strike  390  has a total call value of 5,575,550,000  versus a total put value of  28,500,000 Combined total value = 5,604,050,000

Strike  392.5  has a total call value of 6,610,100,000  versus a total put value of  26,125,000 Combined total value = 6,636,225,000

Strike  395  has a total call value of 7,644,650,000  versus a total put value of  23,750,000 Combined total value = 7,668,400,000

Strike  397.5  has a total call value of 8,702,475,000  versus a total put value of  21,375,000 Combined total value = 8,723,850,000

Strike  400  has a total call value of 9,760,300,000  versus a total put value of  19,000,000 Combined total value = 9,779,300,000

Strike  402.5  has a total call value of 11,119,275,000  versus a total put value of  16,625,000 Combined total value = 11,135,900,000

Strike  405  has a total call value of 12,478,250,000  versus a total put value of  14,250,000 Combined total value = 12,492,500,000

Strike  407.5  has a total call value of 13,851,950,000  versus a total put value of  11,875,000 Combined total value = 13,863,825,000

Strike  410  has a total call value of 15,225,650,000  versus a total put value of  9,500,000 Combined total value = 15,235,150,000

Strike  412.5  has a total call value of 16,691,975,000  versus a total put value of  7,125,000 Combined total value = 16,699,100,000

Strike  415  has a total call value of 18,158,300,000  versus a total put value of  4,750,000 Combined total value = 18,163,050,000

Strike  420  has a total call value of 21,098,550,000  versus a total put value of  0 Combined total value = 21,098,550,000

Strike  425  has a total call value of 24,186,050,000  versus a total put value of  0 Combined total value = 24,186,050,000

Strike  430  has a total call value of 27,273,550,000  versus a total put value of  0 Combined total value = 27,273,550,000

Strike  435  has a total call value of 30,426,600,000  versus a total put value of  0 Combined total value = 30,426,600,000

Strike  440  has a total call value of 33,579,650,000  versus a total put value of  0 Combined total value = 33,579,650,000

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.