CUB
CITY UNION BANK LTD
Max pain for CUB
28 Mar 2024 03:55 PM IST
Max Pain for CUB is 135
Strike 117.5 has a total call value of 0 versus a total put value of 5,141,250,000 Combined total value = 5,141,250,000
Strike 120 has a total call value of 0 versus a total put value of 4,278,750,000 Combined total value = 4,278,750,000
Strike 122.5 has a total call value of 0 versus a total put value of 3,481,250,000 Combined total value = 3,481,250,000
Strike 125 has a total call value of 0 versus a total put value of 2,683,750,000 Combined total value = 2,683,750,000
Strike 127.5 has a total call value of 0 versus a total put value of 2,011,250,000 Combined total value = 2,011,250,000
Strike 130 has a total call value of 0 versus a total put value of 1,352,500,000 Combined total value = 1,352,500,000
Strike 132.5 has a total call value of 81,250,000 versus a total put value of 1,000,000,000 Combined total value = 1,081,250,000
Strike 135 has a total call value of 165,000,000 versus a total put value of 656,250,000 Combined total value = 821,250,000
Strike 137.5 has a total call value of 382,500,000 versus a total put value of 471,250,000 Combined total value = 853,750,000
Strike 140 has a total call value of 617,500,000 versus a total put value of 297,500,000 Combined total value = 915,000,000
Strike 142.5 has a total call value of 1,273,750,000 versus a total put value of 230,000,000 Combined total value = 1,503,750,000
Strike 145 has a total call value of 1,941,250,000 versus a total put value of 162,500,000 Combined total value = 2,103,750,000
Strike 147.5 has a total call value of 2,707,500,000 versus a total put value of 108,750,000 Combined total value = 2,816,250,000
Strike 150 has a total call value of 3,476,250,000 versus a total put value of 55,000,000 Combined total value = 3,531,250,000
Strike 152.5 has a total call value of 4,501,250,000 versus a total put value of 27,500,000 Combined total value = 4,528,750,000
Strike 155 has a total call value of 5,526,250,000 versus a total put value of 0 Combined total value = 5,526,250,000
Strike 157.5 has a total call value of 6,590,000,000 versus a total put value of 0 Combined total value = 6,590,000,000
Strike 160 has a total call value of 7,653,750,000 versus a total put value of 0 Combined total value = 7,653,750,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.