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CHOLAFIN
CHOLAMANDALAM IN & FIN CO

1279.25 9.50 (0.75%)

Max pain for CHOLAFIN

23 May 2024 04:05 PM IST

Max Pain for CHOLAFIN is 1260  



Strike  880  has a total call value of 0  versus a total put value of  54,128,750,000 Combined total value = 54,128,750,000

Strike  900  has a total call value of 0  versus a total put value of  50,712,500,000 Combined total value = 50,712,500,000

Strike  920  has a total call value of 0  versus a total put value of  47,296,250,000 Combined total value = 47,296,250,000

Strike  940  has a total call value of 0  versus a total put value of  43,880,000,000 Combined total value = 43,880,000,000

Strike  960  has a total call value of 0  versus a total put value of  40,463,750,000 Combined total value = 40,463,750,000

Strike  980  has a total call value of 0  versus a total put value of  37,047,500,000 Combined total value = 37,047,500,000

Strike  1000  has a total call value of 0  versus a total put value of  33,631,250,000 Combined total value = 33,631,250,000

Strike  1020  has a total call value of 0  versus a total put value of  30,370,000,000 Combined total value = 30,370,000,000

Strike  1040  has a total call value of 0  versus a total put value of  27,108,750,000 Combined total value = 27,108,750,000

Strike  1060  has a total call value of 0  versus a total put value of  23,940,000,000 Combined total value = 23,940,000,000

Strike  1080  has a total call value of 0  versus a total put value of  20,771,250,000 Combined total value = 20,771,250,000

Strike  1100  has a total call value of 0  versus a total put value of  17,602,500,000 Combined total value = 17,602,500,000

Strike  1120  has a total call value of 0  versus a total put value of  14,732,500,000 Combined total value = 14,732,500,000

Strike  1140  has a total call value of 0  versus a total put value of  11,936,250,000 Combined total value = 11,936,250,000

Strike  1160  has a total call value of 0  versus a total put value of  9,502,500,000 Combined total value = 9,502,500,000

Strike  1180  has a total call value of 0  versus a total put value of  7,217,500,000 Combined total value = 7,217,500,000

Strike  1200  has a total call value of 93,750,000  versus a total put value of  5,183,750,000 Combined total value = 5,277,500,000

Strike  1220  has a total call value of 522,500,000  versus a total put value of  3,616,250,000 Combined total value = 4,138,750,000

Strike  1240  has a total call value of 1,090,000,000  versus a total put value of  2,333,750,000 Combined total value = 3,423,750,000

Strike  1260  has a total call value of 1,803,750,000  versus a total put value of  1,347,500,000 Combined total value = 3,151,250,000

Strike  1280  has a total call value of 2,820,000,000  versus a total put value of  791,250,000 Combined total value = 3,611,250,000

Strike  1300  has a total call value of 4,187,500,000  versus a total put value of  371,250,000 Combined total value = 4,558,750,000

Strike  1320  has a total call value of 6,555,000,000  versus a total put value of  167,500,000 Combined total value = 6,722,500,000

Strike  1340  has a total call value of 9,570,000,000  versus a total put value of  50,000,000 Combined total value = 9,620,000,000

Strike  1360  has a total call value of 13,350,000,000  versus a total put value of  27,500,000 Combined total value = 13,377,500,000

Strike  1380  has a total call value of 17,940,000,000  versus a total put value of  5,000,000 Combined total value = 17,945,000,000

Strike  1400  has a total call value of 23,897,500,000  versus a total put value of  2,500,000 Combined total value = 23,900,000,000

Strike  1420  has a total call value of 30,905,000,000  versus a total put value of  0 Combined total value = 30,905,000,000

Strike  1440  has a total call value of 38,110,000,000  versus a total put value of  0 Combined total value = 38,110,000,000

Strike  1460  has a total call value of 45,562,500,000  versus a total put value of  0 Combined total value = 45,562,500,000

Strike  1480  has a total call value of 53,015,000,000  versus a total put value of  0 Combined total value = 53,015,000,000

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.