CUB
CITY UNION BANK LTD
Max pain for CUB
02 Jul 2024 11:13 AM IST
Max Pain for CUB is 165
Strike 135 has a total call value of 0 versus a total put value of 11,081,000,000 Combined total value = 11,081,000,000
Strike 136 has a total call value of 0 versus a total put value of 10,592,500,000 Combined total value = 10,592,500,000
Strike 137 has a total call value of 0 versus a total put value of 10,104,000,000 Combined total value = 10,104,000,000
Strike 137.5 has a total call value of 0 versus a total put value of 9,859,750,000 Combined total value = 9,859,750,000
Strike 138 has a total call value of 0 versus a total put value of 9,615,500,000 Combined total value = 9,615,500,000
Strike 139 has a total call value of 0 versus a total put value of 9,127,000,000 Combined total value = 9,127,000,000
Strike 140 has a total call value of 0 versus a total put value of 8,638,500,000 Combined total value = 8,638,500,000
Strike 141 has a total call value of 0 versus a total put value of 8,184,500,000 Combined total value = 8,184,500,000
Strike 142 has a total call value of 0 versus a total put value of 7,730,500,000 Combined total value = 7,730,500,000
Strike 142.5 has a total call value of 0 versus a total put value of 7,503,500,000 Combined total value = 7,503,500,000
Strike 143 has a total call value of 0 versus a total put value of 7,276,500,000 Combined total value = 7,276,500,000
Strike 144 has a total call value of 0 versus a total put value of 6,822,500,000 Combined total value = 6,822,500,000
Strike 145 has a total call value of 0 versus a total put value of 6,368,500,000 Combined total value = 6,368,500,000
Strike 146 has a total call value of 0 versus a total put value of 5,949,500,000 Combined total value = 5,949,500,000
Strike 147 has a total call value of 0 versus a total put value of 5,530,500,000 Combined total value = 5,530,500,000
Strike 147.5 has a total call value of 0 versus a total put value of 5,321,000,000 Combined total value = 5,321,000,000
Strike 148 has a total call value of 0 versus a total put value of 5,111,500,000 Combined total value = 5,111,500,000
Strike 149 has a total call value of 0 versus a total put value of 4,692,500,000 Combined total value = 4,692,500,000
Strike 150 has a total call value of 0 versus a total put value of 4,273,500,000 Combined total value = 4,273,500,000
Strike 151 has a total call value of 0 versus a total put value of 3,953,000,000 Combined total value = 3,953,000,000
Strike 152 has a total call value of 0 versus a total put value of 3,632,500,000 Combined total value = 3,632,500,000
Strike 152.5 has a total call value of 0 versus a total put value of 3,472,250,000 Combined total value = 3,472,250,000
Strike 153 has a total call value of 0 versus a total put value of 3,312,000,000 Combined total value = 3,312,000,000
Strike 154 has a total call value of 0 versus a total put value of 2,991,500,000 Combined total value = 2,991,500,000
Strike 155 has a total call value of 0 versus a total put value of 2,671,000,000 Combined total value = 2,671,000,000
Strike 156 has a total call value of 19,500,000 versus a total put value of 2,390,500,000 Combined total value = 2,410,000,000
Strike 157 has a total call value of 39,000,000 versus a total put value of 2,110,000,000 Combined total value = 2,149,000,000
Strike 157.5 has a total call value of 48,750,000 versus a total put value of 1,969,750,000 Combined total value = 2,018,500,000
Strike 158 has a total call value of 58,500,000 versus a total put value of 1,829,500,000 Combined total value = 1,888,000,000
Strike 159 has a total call value of 78,000,000 versus a total put value of 1,549,000,000 Combined total value = 1,627,000,000
Strike 160 has a total call value of 97,500,000 versus a total put value of 1,268,500,000 Combined total value = 1,366,000,000
Strike 161 has a total call value of 156,500,000 versus a total put value of 1,112,000,000 Combined total value = 1,268,500,000
Strike 162 has a total call value of 215,500,000 versus a total put value of 955,500,000 Combined total value = 1,171,000,000
Strike 162.5 has a total call value of 245,000,000 versus a total put value of 877,250,000 Combined total value = 1,122,250,000
Strike 163 has a total call value of 274,500,000 versus a total put value of 799,000,000 Combined total value = 1,073,500,000
Strike 164 has a total call value of 333,500,000 versus a total put value of 642,500,000 Combined total value = 976,000,000
Strike 165 has a total call value of 392,500,000 versus a total put value of 486,000,000 Combined total value = 878,500,000
Strike 166 has a total call value of 500,500,000 versus a total put value of 380,500,000 Combined total value = 881,000,000
Strike 167 has a total call value of 613,000,000 versus a total put value of 278,000,000 Combined total value = 891,000,000
Strike 167.5 has a total call value of 682,250,000 versus a total put value of 229,750,000 Combined total value = 912,000,000
Strike 168 has a total call value of 753,000,000 versus a total put value of 183,500,000 Combined total value = 936,500,000
Strike 169 has a total call value of 926,000,000 versus a total put value of 101,500,000 Combined total value = 1,027,500,000
Strike 170 has a total call value of 1,115,500,000 versus a total put value of 25,000,000 Combined total value = 1,140,500,000
Strike 171 has a total call value of 1,661,500,000 versus a total put value of 20,000,000 Combined total value = 1,681,500,000
Strike 172 has a total call value of 2,220,000,000 versus a total put value of 15,000,000 Combined total value = 2,235,000,000
Strike 172.5 has a total call value of 2,506,250,000 versus a total put value of 12,500,000 Combined total value = 2,518,750,000
Strike 173 has a total call value of 2,792,500,000 versus a total put value of 10,000,000 Combined total value = 2,802,500,000
Strike 174 has a total call value of 3,372,000,000 versus a total put value of 5,000,000 Combined total value = 3,377,000,000
Strike 175 has a total call value of 3,951,500,000 versus a total put value of 0 Combined total value = 3,951,500,000
Strike 176 has a total call value of 4,666,500,000 versus a total put value of 0 Combined total value = 4,666,500,000
Strike 177 has a total call value of 5,381,500,000 versus a total put value of 0 Combined total value = 5,381,500,000
Strike 177.5 has a total call value of 5,739,000,000 versus a total put value of 0 Combined total value = 5,739,000,000
Strike 178 has a total call value of 6,096,500,000 versus a total put value of 0 Combined total value = 6,096,500,000
Strike 179 has a total call value of 6,811,500,000 versus a total put value of 0 Combined total value = 6,811,500,000
Strike 180 has a total call value of 7,526,500,000 versus a total put value of 0 Combined total value = 7,526,500,000
Strike 181 has a total call value of 8,476,000,000 versus a total put value of 0 Combined total value = 8,476,000,000
Strike 182 has a total call value of 9,425,500,000 versus a total put value of 0 Combined total value = 9,425,500,000
Strike 182.5 has a total call value of 9,900,250,000 versus a total put value of 0 Combined total value = 9,900,250,000
Strike 183 has a total call value of 10,375,000,000 versus a total put value of 0 Combined total value = 10,375,000,000
Strike 184 has a total call value of 11,324,500,000 versus a total put value of 0 Combined total value = 11,324,500,000
Strike 185 has a total call value of 12,274,000,000 versus a total put value of 0 Combined total value = 12,274,000,000
Strike 186 has a total call value of 13,273,000,000 versus a total put value of 0 Combined total value = 13,273,000,000
Strike 187 has a total call value of 14,272,000,000 versus a total put value of 0 Combined total value = 14,272,000,000
Strike 187.5 has a total call value of 14,771,500,000 versus a total put value of 0 Combined total value = 14,771,500,000
Strike 188 has a total call value of 15,271,000,000 versus a total put value of 0 Combined total value = 15,271,000,000
Strike 189 has a total call value of 16,323,500,000 versus a total put value of 0 Combined total value = 16,323,500,000
Strike 190 has a total call value of 17,376,000,000 versus a total put value of 0 Combined total value = 17,376,000,000
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.