CUB
City Union Bank Ltd
Max pain for CUB
22 Oct 2024 04:12 PM IST
Max Pain for CUB is 165
Strike 130 has a total call value of 0 versus a total put value of 69,793,750,000 Combined total value = 69,793,750,000
Strike 132.5 has a total call value of 0 versus a total put value of 63,675,000,000 Combined total value = 63,675,000,000
Strike 135 has a total call value of 0 versus a total put value of 57,556,250,000 Combined total value = 57,556,250,000
Strike 137.5 has a total call value of 0 versus a total put value of 51,558,750,000 Combined total value = 51,558,750,000
Strike 140 has a total call value of 0 versus a total put value of 45,561,250,000 Combined total value = 45,561,250,000
Strike 142.5 has a total call value of 15,000,000 versus a total put value of 39,847,500,000 Combined total value = 39,862,500,000
Strike 145 has a total call value of 30,000,000 versus a total put value of 34,212,500,000 Combined total value = 34,242,500,000
Strike 147.5 has a total call value of 55,000,000 versus a total put value of 28,906,250,000 Combined total value = 28,961,250,000
Strike 150 has a total call value of 98,750,000 versus a total put value of 23,653,750,000 Combined total value = 23,752,500,000
Strike 152.5 has a total call value of 241,250,000 versus a total put value of 19,192,500,000 Combined total value = 19,433,750,000
Strike 155 has a total call value of 460,000,000 versus a total put value of 14,867,500,000 Combined total value = 15,327,500,000
Strike 157.5 has a total call value of 1,075,000,000 versus a total put value of 11,166,250,000 Combined total value = 12,241,250,000
Strike 160 has a total call value of 1,788,750,000 versus a total put value of 7,596,250,000 Combined total value = 9,385,000,000
Strike 162.5 has a total call value of 3,192,500,000 versus a total put value of 5,120,000,000 Combined total value = 8,312,500,000
Strike 165 has a total call value of 4,670,000,000 versus a total put value of 2,960,000,000 Combined total value = 7,630,000,000
Strike 167.5 has a total call value of 6,920,000,000 versus a total put value of 1,646,250,000 Combined total value = 8,566,250,000
Strike 170 has a total call value of 9,628,750,000 versus a total put value of 727,500,000 Combined total value = 10,356,250,000
Strike 172.5 has a total call value of 13,827,500,000 versus a total put value of 470,000,000 Combined total value = 14,297,500,000
Strike 175 has a total call value of 18,377,500,000 versus a total put value of 296,250,000 Combined total value = 18,673,750,000
Strike 177.5 has a total call value of 23,881,250,000 versus a total put value of 188,750,000 Combined total value = 24,070,000,000
Strike 180 has a total call value of 29,633,750,000 versus a total put value of 90,000,000 Combined total value = 29,723,750,000
Strike 182.5 has a total call value of 36,357,500,000 versus a total put value of 53,750,000 Combined total value = 36,411,250,000
Strike 185 has a total call value of 43,191,250,000 versus a total put value of 27,500,000 Combined total value = 43,218,750,000
Strike 187.5 has a total call value of 50,326,250,000 versus a total put value of 13,750,000 Combined total value = 50,340,000,000
Strike 190 has a total call value of 57,461,250,000 versus a total put value of 0 Combined total value = 57,461,250,000
Strike 192.5 has a total call value of 65,025,000,000 versus a total put value of 0 Combined total value = 65,025,000,000
Strike 195 has a total call value of 72,588,750,000 versus a total put value of 0 Combined total value = 72,588,750,000
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.
