COALINDIA
Coal India Ltd
Max pain for COALINDIA
18 Oct 2024 10:13 AM IST
Max Pain for COALINDIA is 500
Strike 400 has a total call value of 0 versus a total put value of 149,213,400,000 Combined total value = 149,213,400,000
Strike 405 has a total call value of 0 versus a total put value of 140,353,500,000 Combined total value = 140,353,500,000
Strike 410 has a total call value of 0 versus a total put value of 131,493,600,000 Combined total value = 131,493,600,000
Strike 415 has a total call value of 0 versus a total put value of 122,633,700,000 Combined total value = 122,633,700,000
Strike 420 has a total call value of 0 versus a total put value of 113,773,800,000 Combined total value = 113,773,800,000
Strike 425 has a total call value of 0 versus a total put value of 104,913,900,000 Combined total value = 104,913,900,000
Strike 430 has a total call value of 0 versus a total put value of 96,054,000,000 Combined total value = 96,054,000,000
Strike 435 has a total call value of 0 versus a total put value of 87,295,950,000 Combined total value = 87,295,950,000
Strike 440 has a total call value of 0 versus a total put value of 78,537,900,000 Combined total value = 78,537,900,000
Strike 445 has a total call value of 0 versus a total put value of 70,148,400,000 Combined total value = 70,148,400,000
Strike 450 has a total call value of 0 versus a total put value of 61,812,450,000 Combined total value = 61,812,450,000
Strike 455 has a total call value of 34,650,000 versus a total put value of 53,995,200,000 Combined total value = 54,029,850,000
Strike 460 has a total call value of 69,300,000 versus a total put value of 46,272,450,000 Combined total value = 46,341,750,000
Strike 465 has a total call value of 103,950,000 versus a total put value of 39,088,350,000 Combined total value = 39,192,300,000
Strike 470 has a total call value of 138,600,000 versus a total put value of 32,224,500,000 Combined total value = 32,363,100,000
Strike 475 has a total call value of 173,250,000 versus a total put value of 26,361,300,000 Combined total value = 26,534,550,000
Strike 480 has a total call value of 239,400,000 versus a total put value of 20,761,650,000 Combined total value = 21,001,050,000
Strike 485 has a total call value of 538,650,000 versus a total put value of 16,247,700,000 Combined total value = 16,786,350,000
Strike 490 has a total call value of 1,059,450,000 versus a total put value of 12,015,150,000 Combined total value = 13,074,600,000
Strike 495 has a total call value of 2,247,000,000 versus a total put value of 8,718,150,000 Combined total value = 10,965,150,000
Strike 500 has a total call value of 3,951,150,000 versus a total put value of 5,604,900,000 Combined total value = 9,556,050,000
Strike 505 has a total call value of 8,022,000,000 versus a total put value of 3,891,300,000 Combined total value = 11,913,300,000
Strike 510 has a total call value of 12,629,400,000 versus a total put value of 2,338,350,000 Combined total value = 14,967,750,000
Strike 515 has a total call value of 18,949,350,000 versus a total put value of 1,425,900,000 Combined total value = 20,375,250,000
Strike 520 has a total call value of 26,493,600,000 versus a total put value of 684,600,000 Combined total value = 27,178,200,000
Strike 525 has a total call value of 36,024,450,000 versus a total put value of 412,650,000 Combined total value = 36,437,100,000
Strike 530 has a total call value of 47,023,200,000 versus a total put value of 275,100,000 Combined total value = 47,298,300,000
Strike 535 has a total call value of 59,230,500,000 versus a total put value of 137,550,000 Combined total value = 59,368,050,000
Strike 540 has a total call value of 71,679,300,000 versus a total put value of 0 Combined total value = 71,679,300,000
Strike 545 has a total call value of 84,821,100,000 versus a total put value of 0 Combined total value = 84,821,100,000
Strike 550 has a total call value of 98,086,800,000 versus a total put value of 0 Combined total value = 98,086,800,000
Strike 555 has a total call value of 112,153,650,000 versus a total put value of 0 Combined total value = 112,153,650,000
Strike 560 has a total call value of 126,220,500,000 versus a total put value of 0 Combined total value = 126,220,500,000
Strike 565 has a total call value of 140,569,800,000 versus a total put value of 0 Combined total value = 140,569,800,000
Strike 570 has a total call value of 154,919,100,000 versus a total put value of 0 Combined total value = 154,919,100,000
Strike 575 has a total call value of 169,446,900,000 versus a total put value of 0 Combined total value = 169,446,900,000
Strike 580 has a total call value of 183,974,700,000 versus a total put value of 0 Combined total value = 183,974,700,000
Strike 585 has a total call value of 198,502,500,000 versus a total put value of 0 Combined total value = 198,502,500,000
Strike 590 has a total call value of 213,030,300,000 versus a total put value of 0 Combined total value = 213,030,300,000
Strike 595 has a total call value of 227,558,100,000 versus a total put value of 0 Combined total value = 227,558,100,000
Strike 600 has a total call value of 242,085,900,000 versus a total put value of 0 Combined total value = 242,085,900,000
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.
