COROMANDEL
COROMANDEL INTERNTL. LTD
Max pain for COROMANDEL
19 Mar 2024 01:47 PM IST
Max Pain for COROMANDEL is 1060
Strike 1000 has a total call value of 0 versus a total put value of 1,306,200,000 Combined total value = 1,306,200,000
Strike 1010 has a total call value of 16,100,000 versus a total put value of 1,127,700,000 Combined total value = 1,143,800,000
Strike 1020 has a total call value of 32,200,000 versus a total put value of 949,200,000 Combined total value = 981,400,000
Strike 1030 has a total call value of 48,300,000 versus a total put value of 770,700,000 Combined total value = 819,000,000
Strike 1040 has a total call value of 64,400,000 versus a total put value of 592,200,000 Combined total value = 656,600,000
Strike 1050 has a total call value of 80,500,000 versus a total put value of 416,500,000 Combined total value = 497,000,000
Strike 1060 has a total call value of 136,500,000 versus a total put value of 330,400,000 Combined total value = 466,900,000
Strike 1070 has a total call value of 256,200,000 versus a total put value of 244,300,000 Combined total value = 500,500,000
Strike 1080 has a total call value of 407,400,000 versus a total put value of 158,200,000 Combined total value = 565,600,000
Strike 1090 has a total call value of 576,100,000 versus a total put value of 90,300,000 Combined total value = 666,400,000
Strike 1100 has a total call value of 744,800,000 versus a total put value of 22,400,000 Combined total value = 767,200,000
Strike 1110 has a total call value of 1,047,200,000 versus a total put value of 11,200,000 Combined total value = 1,058,400,000
Strike 1120 has a total call value of 1,363,600,000 versus a total put value of 0 Combined total value = 1,363,600,000
Strike 1130 has a total call value of 1,724,800,000 versus a total put value of 0 Combined total value = 1,724,800,000
Strike 1140 has a total call value of 2,086,000,000 versus a total put value of 0 Combined total value = 2,086,000,000
Strike 1150 has a total call value of 2,447,200,000 versus a total put value of 0 Combined total value = 2,447,200,000
Strike 1160 has a total call value of 2,925,300,000 versus a total put value of 0 Combined total value = 2,925,300,000
Strike 1170 has a total call value of 3,408,300,000 versus a total put value of 0 Combined total value = 3,408,300,000
Strike 1180 has a total call value of 3,891,300,000 versus a total put value of 0 Combined total value = 3,891,300,000
Strike 1190 has a total call value of 4,374,300,000 versus a total put value of 0 Combined total value = 4,374,300,000
Strike 1200 has a total call value of 4,857,300,000 versus a total put value of 0 Combined total value = 4,857,300,000
Max Pain - Choose a symbol
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E
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H
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L
M
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O
P
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T
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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.