COROMANDEL
COROMANDEL INTERNTL. LTD
Max pain for COROMANDEL
28 Mar 2024 03:55 PM IST
Max Pain for COROMANDEL is 1100
Strike 1000 has a total call value of 0 versus a total put value of 798,000,000 Combined total value = 798,000,000
Strike 1010 has a total call value of 7,700,000 versus a total put value of 726,600,000 Combined total value = 734,300,000
Strike 1020 has a total call value of 15,400,000 versus a total put value of 655,200,000 Combined total value = 670,600,000
Strike 1030 has a total call value of 23,100,000 versus a total put value of 583,800,000 Combined total value = 606,900,000
Strike 1040 has a total call value of 30,800,000 versus a total put value of 512,400,000 Combined total value = 543,200,000
Strike 1050 has a total call value of 38,500,000 versus a total put value of 441,000,000 Combined total value = 479,500,000
Strike 1060 has a total call value of 46,200,000 versus a total put value of 369,600,000 Combined total value = 415,800,000
Strike 1070 has a total call value of 53,900,000 versus a total put value of 298,200,000 Combined total value = 352,100,000
Strike 1080 has a total call value of 64,400,000 versus a total put value of 226,800,000 Combined total value = 291,200,000
Strike 1090 has a total call value of 74,900,000 versus a total put value of 155,400,000 Combined total value = 230,300,000
Strike 1100 has a total call value of 85,400,000 versus a total put value of 84,000,000 Combined total value = 169,400,000
Strike 1110 has a total call value of 131,600,000 versus a total put value of 77,700,000 Combined total value = 209,300,000
Strike 1120 has a total call value of 177,800,000 versus a total put value of 71,400,000 Combined total value = 249,200,000
Strike 1130 has a total call value of 225,400,000 versus a total put value of 65,100,000 Combined total value = 290,500,000
Strike 1140 has a total call value of 273,000,000 versus a total put value of 58,800,000 Combined total value = 331,800,000
Strike 1150 has a total call value of 320,600,000 versus a total put value of 52,500,000 Combined total value = 373,100,000
Strike 1160 has a total call value of 379,400,000 versus a total put value of 46,200,000 Combined total value = 425,600,000
Strike 1170 has a total call value of 438,200,000 versus a total put value of 39,900,000 Combined total value = 478,100,000
Strike 1180 has a total call value of 497,000,000 versus a total put value of 33,600,000 Combined total value = 530,600,000
Strike 1190 has a total call value of 555,800,000 versus a total put value of 27,300,000 Combined total value = 583,100,000
Strike 1200 has a total call value of 614,600,000 versus a total put value of 21,000,000 Combined total value = 635,600,000
Strike 1210 has a total call value of 673,400,000 versus a total put value of 18,900,000 Combined total value = 692,300,000
Strike 1220 has a total call value of 732,200,000 versus a total put value of 16,800,000 Combined total value = 749,000,000
Strike 1230 has a total call value of 791,000,000 versus a total put value of 14,700,000 Combined total value = 805,700,000
Strike 1240 has a total call value of 849,800,000 versus a total put value of 12,600,000 Combined total value = 862,400,000
Strike 1250 has a total call value of 910,000,000 versus a total put value of 10,500,000 Combined total value = 920,500,000
Strike 1260 has a total call value of 970,200,000 versus a total put value of 8,400,000 Combined total value = 978,600,000
Strike 1270 has a total call value of 1,030,400,000 versus a total put value of 6,300,000 Combined total value = 1,036,700,000
Strike 1280 has a total call value of 1,090,600,000 versus a total put value of 4,200,000 Combined total value = 1,094,800,000
Strike 1290 has a total call value of 1,150,800,000 versus a total put value of 2,100,000 Combined total value = 1,152,900,000
Strike 1300 has a total call value of 1,211,000,000 versus a total put value of 0 Combined total value = 1,211,000,000
Max Pain - Choose a symbol
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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.