CROMPTON
CROMPT GREA CON ELEC LTD
Max pain for CROMPTON
02 Jul 2024 10:32 AM IST
Max Pain for CROMPTON is 410
Strike 350 has a total call value of 0 versus a total put value of 7,074,000,000 Combined total value = 7,074,000,000
Strike 352.5 has a total call value of 0 versus a total put value of 6,687,450,000 Combined total value = 6,687,450,000
Strike 355 has a total call value of 0 versus a total put value of 6,300,900,000 Combined total value = 6,300,900,000
Strike 357.5 has a total call value of 0 versus a total put value of 5,914,350,000 Combined total value = 5,914,350,000
Strike 360 has a total call value of 0 versus a total put value of 5,527,800,000 Combined total value = 5,527,800,000
Strike 362.5 has a total call value of 0 versus a total put value of 5,145,300,000 Combined total value = 5,145,300,000
Strike 365 has a total call value of 0 versus a total put value of 4,762,800,000 Combined total value = 4,762,800,000
Strike 367.5 has a total call value of 0 versus a total put value of 4,380,300,000 Combined total value = 4,380,300,000
Strike 370 has a total call value of 0 versus a total put value of 3,997,800,000 Combined total value = 3,997,800,000
Strike 372.5 has a total call value of 0 versus a total put value of 3,667,950,000 Combined total value = 3,667,950,000
Strike 375 has a total call value of 0 versus a total put value of 3,338,100,000 Combined total value = 3,338,100,000
Strike 377.5 has a total call value of 0 versus a total put value of 3,008,250,000 Combined total value = 3,008,250,000
Strike 380 has a total call value of 0 versus a total put value of 2,678,850,000 Combined total value = 2,678,850,000
Strike 382.5 has a total call value of 0 versus a total put value of 2,424,600,000 Combined total value = 2,424,600,000
Strike 385 has a total call value of 0 versus a total put value of 2,170,350,000 Combined total value = 2,170,350,000
Strike 387.5 has a total call value of 0 versus a total put value of 1,917,900,000 Combined total value = 1,917,900,000
Strike 390 has a total call value of 0 versus a total put value of 1,665,450,000 Combined total value = 1,665,450,000
Strike 392.5 has a total call value of 0 versus a total put value of 1,463,850,000 Combined total value = 1,463,850,000
Strike 395 has a total call value of 0 versus a total put value of 1,262,250,000 Combined total value = 1,262,250,000
Strike 397.5 has a total call value of 0 versus a total put value of 1,064,700,000 Combined total value = 1,064,700,000
Strike 400 has a total call value of 0 versus a total put value of 867,150,000 Combined total value = 867,150,000
Strike 402.5 has a total call value of 20,250,000 versus a total put value of 749,250,000 Combined total value = 769,500,000
Strike 405 has a total call value of 40,500,000 versus a total put value of 631,350,000 Combined total value = 671,850,000
Strike 407.5 has a total call value of 64,350,000 versus a total put value of 521,100,000 Combined total value = 585,450,000
Strike 410 has a total call value of 92,250,000 versus a total put value of 413,100,000 Combined total value = 505,350,000
Strike 412.5 has a total call value of 181,350,000 versus a total put value of 339,750,000 Combined total value = 521,100,000
Strike 415 has a total call value of 270,450,000 versus a total put value of 266,400,000 Combined total value = 536,850,000
Strike 417.5 has a total call value of 388,800,000 versus a total put value of 194,400,000 Combined total value = 583,200,000
Strike 420 has a total call value of 512,100,000 versus a total put value of 122,400,000 Combined total value = 634,500,000
Strike 422.5 has a total call value of 738,000,000 versus a total put value of 91,800,000 Combined total value = 829,800,000
Strike 425 has a total call value of 964,800,000 versus a total put value of 61,200,000 Combined total value = 1,026,000,000
Strike 427.5 has a total call value of 1,211,400,000 versus a total put value of 30,600,000 Combined total value = 1,242,000,000
Strike 430 has a total call value of 1,458,000,000 versus a total put value of 0 Combined total value = 1,458,000,000
Strike 432.5 has a total call value of 1,801,800,000 versus a total put value of 0 Combined total value = 1,801,800,000
Strike 435 has a total call value of 2,146,050,000 versus a total put value of 0 Combined total value = 2,146,050,000
Strike 437.5 has a total call value of 2,490,300,000 versus a total put value of 0 Combined total value = 2,490,300,000
Strike 440 has a total call value of 2,834,550,000 versus a total put value of 0 Combined total value = 2,834,550,000
Strike 442.5 has a total call value of 3,229,650,000 versus a total put value of 0 Combined total value = 3,229,650,000
Strike 445 has a total call value of 3,624,750,000 versus a total put value of 0 Combined total value = 3,624,750,000
Strike 447.5 has a total call value of 4,019,850,000 versus a total put value of 0 Combined total value = 4,019,850,000
Strike 450 has a total call value of 4,414,950,000 versus a total put value of 0 Combined total value = 4,414,950,000
Strike 452.5 has a total call value of 4,942,350,000 versus a total put value of 0 Combined total value = 4,942,350,000
Strike 455 has a total call value of 5,469,750,000 versus a total put value of 0 Combined total value = 5,469,750,000
Strike 457.5 has a total call value of 5,997,150,000 versus a total put value of 0 Combined total value = 5,997,150,000
Strike 460 has a total call value of 6,524,550,000 versus a total put value of 0 Combined total value = 6,524,550,000
Strike 462.5 has a total call value of 7,389,000,000 versus a total put value of 0 Combined total value = 7,389,000,000
Strike 465 has a total call value of 8,253,450,000 versus a total put value of 0 Combined total value = 8,253,450,000
Strike 467.5 has a total call value of 9,117,900,000 versus a total put value of 0 Combined total value = 9,117,900,000
Strike 470 has a total call value of 9,982,350,000 versus a total put value of 0 Combined total value = 9,982,350,000
Strike 472.5 has a total call value of 10,929,150,000 versus a total put value of 0 Combined total value = 10,929,150,000
Strike 475 has a total call value of 11,875,950,000 versus a total put value of 0 Combined total value = 11,875,950,000
Strike 477.5 has a total call value of 12,822,750,000 versus a total put value of 0 Combined total value = 12,822,750,000
Strike 480 has a total call value of 13,769,550,000 versus a total put value of 0 Combined total value = 13,769,550,000
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.