CUB
CITY UNION BANK LTD
Max pain for CUB
04 Jul 2024 01:23 PM IST
Max Pain for CUB is 167
Strike 130 has a total call value of 0 versus a total put value of 18,451,750,000 Combined total value = 18,451,750,000
Strike 131 has a total call value of 0 versus a total put value of 17,778,250,000 Combined total value = 17,778,250,000
Strike 132 has a total call value of 0 versus a total put value of 17,104,750,000 Combined total value = 17,104,750,000
Strike 132.5 has a total call value of 0 versus a total put value of 16,768,000,000 Combined total value = 16,768,000,000
Strike 133 has a total call value of 0 versus a total put value of 16,431,250,000 Combined total value = 16,431,250,000
Strike 134 has a total call value of 0 versus a total put value of 15,757,750,000 Combined total value = 15,757,750,000
Strike 135 has a total call value of 0 versus a total put value of 15,084,250,000 Combined total value = 15,084,250,000
Strike 136 has a total call value of 0 versus a total put value of 14,426,250,000 Combined total value = 14,426,250,000
Strike 137 has a total call value of 0 versus a total put value of 13,768,250,000 Combined total value = 13,768,250,000
Strike 137.5 has a total call value of 0 versus a total put value of 13,439,250,000 Combined total value = 13,439,250,000
Strike 138 has a total call value of 0 versus a total put value of 13,110,250,000 Combined total value = 13,110,250,000
Strike 139 has a total call value of 0 versus a total put value of 12,452,250,000 Combined total value = 12,452,250,000
Strike 140 has a total call value of 0 versus a total put value of 11,794,250,000 Combined total value = 11,794,250,000
Strike 141 has a total call value of 0 versus a total put value of 11,200,250,000 Combined total value = 11,200,250,000
Strike 142 has a total call value of 0 versus a total put value of 10,606,250,000 Combined total value = 10,606,250,000
Strike 142.5 has a total call value of 0 versus a total put value of 10,309,250,000 Combined total value = 10,309,250,000
Strike 143 has a total call value of 0 versus a total put value of 10,012,250,000 Combined total value = 10,012,250,000
Strike 144 has a total call value of 0 versus a total put value of 9,418,250,000 Combined total value = 9,418,250,000
Strike 145 has a total call value of 0 versus a total put value of 8,824,250,000 Combined total value = 8,824,250,000
Strike 146 has a total call value of 0 versus a total put value of 8,270,250,000 Combined total value = 8,270,250,000
Strike 147 has a total call value of 0 versus a total put value of 7,716,250,000 Combined total value = 7,716,250,000
Strike 147.5 has a total call value of 0 versus a total put value of 7,439,250,000 Combined total value = 7,439,250,000
Strike 148 has a total call value of 0 versus a total put value of 7,162,250,000 Combined total value = 7,162,250,000
Strike 149 has a total call value of 0 versus a total put value of 6,608,250,000 Combined total value = 6,608,250,000
Strike 150 has a total call value of 0 versus a total put value of 6,054,250,000 Combined total value = 6,054,250,000
Strike 151 has a total call value of 17,000,000 versus a total put value of 5,597,750,000 Combined total value = 5,614,750,000
Strike 152 has a total call value of 34,000,000 versus a total put value of 5,141,250,000 Combined total value = 5,175,250,000
Strike 152.5 has a total call value of 42,500,000 versus a total put value of 4,913,000,000 Combined total value = 4,955,500,000
Strike 153 has a total call value of 51,000,000 versus a total put value of 4,684,750,000 Combined total value = 4,735,750,000
Strike 154 has a total call value of 68,000,000 versus a total put value of 4,228,250,000 Combined total value = 4,296,250,000
Strike 155 has a total call value of 85,000,000 versus a total put value of 3,771,750,000 Combined total value = 3,856,750,000
Strike 156 has a total call value of 121,500,000 versus a total put value of 3,361,250,000 Combined total value = 3,482,750,000
Strike 157 has a total call value of 158,000,000 versus a total put value of 2,950,750,000 Combined total value = 3,108,750,000
Strike 157.5 has a total call value of 176,250,000 versus a total put value of 2,745,500,000 Combined total value = 2,921,750,000
Strike 158 has a total call value of 194,500,000 versus a total put value of 2,540,250,000 Combined total value = 2,734,750,000
Strike 159 has a total call value of 231,000,000 versus a total put value of 2,129,750,000 Combined total value = 2,360,750,000
Strike 160 has a total call value of 267,500,000 versus a total put value of 1,719,250,000 Combined total value = 1,986,750,000
Strike 161 has a total call value of 342,500,000 versus a total put value of 1,518,250,000 Combined total value = 1,860,750,000
Strike 162 has a total call value of 417,500,000 versus a total put value of 1,317,250,000 Combined total value = 1,734,750,000
Strike 162.5 has a total call value of 455,000,000 versus a total put value of 1,216,750,000 Combined total value = 1,671,750,000
Strike 163 has a total call value of 492,500,000 versus a total put value of 1,116,250,000 Combined total value = 1,608,750,000
Strike 164 has a total call value of 567,500,000 versus a total put value of 916,750,000 Combined total value = 1,484,250,000
Strike 165 has a total call value of 642,500,000 versus a total put value of 721,250,000 Combined total value = 1,363,750,000
Strike 166 has a total call value of 764,000,000 versus a total put value of 582,250,000 Combined total value = 1,346,250,000
Strike 167 has a total call value of 895,500,000 versus a total put value of 443,250,000 Combined total value = 1,338,750,000
Strike 167.5 has a total call value of 972,500,000 versus a total put value of 373,750,000 Combined total value = 1,346,250,000
Strike 168 has a total call value of 1,053,000,000 versus a total put value of 307,000,000 Combined total value = 1,360,000,000
Strike 169 has a total call value of 1,246,000,000 versus a total put value of 187,500,000 Combined total value = 1,433,500,000
Strike 170 has a total call value of 1,451,000,000 versus a total put value of 76,500,000 Combined total value = 1,527,500,000
Strike 171 has a total call value of 1,988,500,000 versus a total put value of 58,000,000 Combined total value = 2,046,500,000
Strike 172 has a total call value of 2,551,500,000 versus a total put value of 39,500,000 Combined total value = 2,591,000,000
Strike 172.5 has a total call value of 2,843,000,000 versus a total put value of 32,500,000 Combined total value = 2,875,500,000
Strike 173 has a total call value of 3,135,500,000 versus a total put value of 26,000,000 Combined total value = 3,161,500,000
Strike 174 has a total call value of 3,730,500,000 versus a total put value of 13,000,000 Combined total value = 3,743,500,000
Strike 175 has a total call value of 4,325,500,000 versus a total put value of 0 Combined total value = 4,325,500,000
Strike 176 has a total call value of 5,126,500,000 versus a total put value of 0 Combined total value = 5,126,500,000
Strike 177 has a total call value of 5,930,500,000 versus a total put value of 0 Combined total value = 5,930,500,000
Strike 177.5 has a total call value of 6,334,500,000 versus a total put value of 0 Combined total value = 6,334,500,000
Strike 178 has a total call value of 6,738,500,000 versus a total put value of 0 Combined total value = 6,738,500,000
Strike 179 has a total call value of 7,546,500,000 versus a total put value of 0 Combined total value = 7,546,500,000
Strike 180 has a total call value of 8,354,500,000 versus a total put value of 0 Combined total value = 8,354,500,000
Strike 181 has a total call value of 9,423,500,000 versus a total put value of 0 Combined total value = 9,423,500,000
Strike 182 has a total call value of 10,492,500,000 versus a total put value of 0 Combined total value = 10,492,500,000
Strike 182.5 has a total call value of 11,027,000,000 versus a total put value of 0 Combined total value = 11,027,000,000
Strike 184 has a total call value of 12,630,500,000 versus a total put value of 0 Combined total value = 12,630,500,000
Strike 185 has a total call value of 13,699,500,000 versus a total put value of 0 Combined total value = 13,699,500,000
Strike 186 has a total call value of 14,830,000,000 versus a total put value of 0 Combined total value = 14,830,000,000
Strike 187 has a total call value of 15,960,500,000 versus a total put value of 0 Combined total value = 15,960,500,000
Strike 187.5 has a total call value of 16,525,750,000 versus a total put value of 0 Combined total value = 16,525,750,000
Strike 188 has a total call value of 17,091,000,000 versus a total put value of 0 Combined total value = 17,091,000,000
Strike 189 has a total call value of 18,265,500,000 versus a total put value of 0 Combined total value = 18,265,500,000
Strike 190 has a total call value of 19,440,000,000 versus a total put value of 0 Combined total value = 19,440,000,000
Strike 191 has a total call value of 20,688,500,000 versus a total put value of 0 Combined total value = 20,688,500,000
Strike 192 has a total call value of 21,937,000,000 versus a total put value of 0 Combined total value = 21,937,000,000
Strike 192.5 has a total call value of 22,561,250,000 versus a total put value of 0 Combined total value = 22,561,250,000
Strike 193 has a total call value of 23,185,500,000 versus a total put value of 0 Combined total value = 23,185,500,000
Strike 194 has a total call value of 24,434,000,000 versus a total put value of 0 Combined total value = 24,434,000,000
Strike 195 has a total call value of 25,682,500,000 versus a total put value of 0 Combined total value = 25,682,500,000
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.