DIVISLAB
DIVI S LABORATORIES LTD
Max pain for DIVISLAB
02 Jul 2024 10:31 AM IST
Max Pain for DIVISLAB is 4600
Strike 4000 has a total call value of 0 versus a total put value of 13,874,400,000 Combined total value = 13,874,400,000
Strike 4020 has a total call value of 0 versus a total put value of 13,187,200,000 Combined total value = 13,187,200,000
Strike 4040 has a total call value of 0 versus a total put value of 12,500,000,000 Combined total value = 12,500,000,000
Strike 4050 has a total call value of 0 versus a total put value of 12,156,400,000 Combined total value = 12,156,400,000
Strike 4060 has a total call value of 0 versus a total put value of 11,812,800,000 Combined total value = 11,812,800,000
Strike 4080 has a total call value of 0 versus a total put value of 11,125,600,000 Combined total value = 11,125,600,000
Strike 4100 has a total call value of 0 versus a total put value of 10,438,400,000 Combined total value = 10,438,400,000
Strike 4120 has a total call value of 0 versus a total put value of 9,785,200,000 Combined total value = 9,785,200,000
Strike 4140 has a total call value of 0 versus a total put value of 9,132,000,000 Combined total value = 9,132,000,000
Strike 4150 has a total call value of 0 versus a total put value of 8,805,400,000 Combined total value = 8,805,400,000
Strike 4160 has a total call value of 0 versus a total put value of 8,478,800,000 Combined total value = 8,478,800,000
Strike 4180 has a total call value of 0 versus a total put value of 7,825,600,000 Combined total value = 7,825,600,000
Strike 4200 has a total call value of 0 versus a total put value of 7,172,400,000 Combined total value = 7,172,400,000
Strike 4220 has a total call value of 0 versus a total put value of 6,608,400,000 Combined total value = 6,608,400,000
Strike 4240 has a total call value of 0 versus a total put value of 6,044,400,000 Combined total value = 6,044,400,000
Strike 4250 has a total call value of 0 versus a total put value of 5,762,400,000 Combined total value = 5,762,400,000
Strike 4260 has a total call value of 0 versus a total put value of 5,480,400,000 Combined total value = 5,480,400,000
Strike 4280 has a total call value of 0 versus a total put value of 4,916,400,000 Combined total value = 4,916,400,000
Strike 4300 has a total call value of 0 versus a total put value of 4,352,400,000 Combined total value = 4,352,400,000
Strike 4320 has a total call value of 0 versus a total put value of 3,948,000,000 Combined total value = 3,948,000,000
Strike 4340 has a total call value of 0 versus a total put value of 3,543,600,000 Combined total value = 3,543,600,000
Strike 4350 has a total call value of 0 versus a total put value of 3,341,400,000 Combined total value = 3,341,400,000
Strike 4360 has a total call value of 0 versus a total put value of 3,139,200,000 Combined total value = 3,139,200,000
Strike 4380 has a total call value of 0 versus a total put value of 2,734,800,000 Combined total value = 2,734,800,000
Strike 4400 has a total call value of 0 versus a total put value of 2,330,400,000 Combined total value = 2,330,400,000
Strike 4420 has a total call value of 10,400,000 versus a total put value of 2,028,400,000 Combined total value = 2,038,800,000
Strike 4440 has a total call value of 20,800,000 versus a total put value of 1,726,400,000 Combined total value = 1,747,200,000
Strike 4450 has a total call value of 26,000,000 versus a total put value of 1,575,400,000 Combined total value = 1,601,400,000
Strike 4460 has a total call value of 31,200,000 versus a total put value of 1,424,400,000 Combined total value = 1,455,600,000
Strike 4480 has a total call value of 41,600,000 versus a total put value of 1,131,200,000 Combined total value = 1,172,800,000
Strike 4500 has a total call value of 52,000,000 versus a total put value of 838,000,000 Combined total value = 890,000,000
Strike 4520 has a total call value of 128,400,000 versus a total put value of 654,000,000 Combined total value = 782,400,000
Strike 4540 has a total call value of 211,200,000 versus a total put value of 470,000,000 Combined total value = 681,200,000
Strike 4550 has a total call value of 252,600,000 versus a total put value of 378,800,000 Combined total value = 631,400,000
Strike 4560 has a total call value of 294,000,000 versus a total put value of 295,200,000 Combined total value = 589,200,000
Strike 4580 has a total call value of 402,000,000 versus a total put value of 163,600,000 Combined total value = 565,600,000
Strike 4600 has a total call value of 518,800,000 versus a total put value of 32,000,000 Combined total value = 550,800,000
Strike 4620 has a total call value of 992,400,000 versus a total put value of 12,800,000 Combined total value = 1,005,200,000
Strike 4640 has a total call value of 1,518,800,000 versus a total put value of 9,600,000 Combined total value = 1,528,400,000
Strike 4650 has a total call value of 1,793,800,000 versus a total put value of 8,000,000 Combined total value = 1,801,800,000
Strike 4660 has a total call value of 2,071,000,000 versus a total put value of 6,400,000 Combined total value = 2,077,400,000
Strike 4700 has a total call value of 3,179,800,000 versus a total put value of 0 Combined total value = 3,179,800,000
Strike 4720 has a total call value of 3,899,400,000 versus a total put value of 0 Combined total value = 3,899,400,000
Strike 4740 has a total call value of 4,626,600,000 versus a total put value of 0 Combined total value = 4,626,600,000
Strike 4750 has a total call value of 4,990,200,000 versus a total put value of 0 Combined total value = 4,990,200,000
Strike 4760 has a total call value of 5,354,200,000 versus a total put value of 0 Combined total value = 5,354,200,000
Strike 4780 has a total call value of 6,082,200,000 versus a total put value of 0 Combined total value = 6,082,200,000
Strike 4800 has a total call value of 6,810,200,000 versus a total put value of 0 Combined total value = 6,810,200,000
Strike 4820 has a total call value of 7,738,200,000 versus a total put value of 0 Combined total value = 7,738,200,000
Strike 4840 has a total call value of 8,666,200,000 versus a total put value of 0 Combined total value = 8,666,200,000
Strike 4850 has a total call value of 9,130,200,000 versus a total put value of 0 Combined total value = 9,130,200,000
Strike 4860 has a total call value of 9,594,200,000 versus a total put value of 0 Combined total value = 9,594,200,000
Strike 4880 has a total call value of 10,522,200,000 versus a total put value of 0 Combined total value = 10,522,200,000
Strike 4900 has a total call value of 11,450,200,000 versus a total put value of 0 Combined total value = 11,450,200,000
Strike 4920 has a total call value of 12,428,600,000 versus a total put value of 0 Combined total value = 12,428,600,000
Strike 4940 has a total call value of 13,407,000,000 versus a total put value of 0 Combined total value = 13,407,000,000
Strike 4950 has a total call value of 13,896,200,000 versus a total put value of 0 Combined total value = 13,896,200,000
Strike 4960 has a total call value of 14,385,400,000 versus a total put value of 0 Combined total value = 14,385,400,000
Strike 4980 has a total call value of 15,372,200,000 versus a total put value of 0 Combined total value = 15,372,200,000
Strike 5000 has a total call value of 16,359,000,000 versus a total put value of 0 Combined total value = 16,359,000,000
Strike 5020 has a total call value of 17,667,800,000 versus a total put value of 0 Combined total value = 17,667,800,000
Strike 5040 has a total call value of 18,976,600,000 versus a total put value of 0 Combined total value = 18,976,600,000
Strike 5050 has a total call value of 19,631,000,000 versus a total put value of 0 Combined total value = 19,631,000,000
Strike 5060 has a total call value of 20,287,400,000 versus a total put value of 0 Combined total value = 20,287,400,000
Strike 5080 has a total call value of 21,600,200,000 versus a total put value of 0 Combined total value = 21,600,200,000
Strike 5100 has a total call value of 22,950,600,000 versus a total put value of 0 Combined total value = 22,950,600,000
Strike 5120 has a total call value of 24,307,400,000 versus a total put value of 0 Combined total value = 24,307,400,000
Strike 5140 has a total call value of 25,664,200,000 versus a total put value of 0 Combined total value = 25,664,200,000
Strike 5150 has a total call value of 26,342,600,000 versus a total put value of 0 Combined total value = 26,342,600,000
Strike 5160 has a total call value of 27,021,000,000 versus a total put value of 0 Combined total value = 27,021,000,000
Strike 5180 has a total call value of 28,377,800,000 versus a total put value of 0 Combined total value = 28,377,800,000
Strike 5200 has a total call value of 29,734,600,000 versus a total put value of 0 Combined total value = 29,734,600,000
Strike 5220 has a total call value of 31,167,800,000 versus a total put value of 0 Combined total value = 31,167,800,000
Strike 5240 has a total call value of 32,601,000,000 versus a total put value of 0 Combined total value = 32,601,000,000
Strike 5250 has a total call value of 33,317,600,000 versus a total put value of 0 Combined total value = 33,317,600,000
Strike 5260 has a total call value of 34,034,200,000 versus a total put value of 0 Combined total value = 34,034,200,000
Strike 5280 has a total call value of 35,467,400,000 versus a total put value of 0 Combined total value = 35,467,400,000
Strike 5300 has a total call value of 36,900,600,000 versus a total put value of 0 Combined total value = 36,900,600,000
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.