DIXON
Dixon Techno (india) Ltd
Max pain for DIXON
18 Sep 2024 04:12 PM IST
Max Pain for DIXON is 13500
Strike 9500 has a total call value of 0 versus a total put value of 685,144,000,000 Combined total value = 685,144,000,000
Strike 9600 has a total call value of 0 versus a total put value of 664,729,000,000 Combined total value = 664,729,000,000
Strike 9700 has a total call value of 0 versus a total put value of 644,314,000,000 Combined total value = 644,314,000,000
Strike 9800 has a total call value of 0 versus a total put value of 623,899,000,000 Combined total value = 623,899,000,000
Strike 9900 has a total call value of 0 versus a total put value of 603,484,000,000 Combined total value = 603,484,000,000
Strike 10000 has a total call value of 0 versus a total put value of 583,081,000,000 Combined total value = 583,081,000,000
Strike 10100 has a total call value of 0 versus a total put value of 563,062,000,000 Combined total value = 563,062,000,000
Strike 10200 has a total call value of 0 versus a total put value of 543,043,000,000 Combined total value = 543,043,000,000
Strike 10300 has a total call value of 0 versus a total put value of 523,024,000,000 Combined total value = 523,024,000,000
Strike 10400 has a total call value of 0 versus a total put value of 503,005,000,000 Combined total value = 503,005,000,000
Strike 10500 has a total call value of 0 versus a total put value of 482,986,000,000 Combined total value = 482,986,000,000
Strike 10600 has a total call value of 0 versus a total put value of 463,101,000,000 Combined total value = 463,101,000,000
Strike 10700 has a total call value of 0 versus a total put value of 443,220,000,000 Combined total value = 443,220,000,000
Strike 10800 has a total call value of 0 versus a total put value of 423,352,000,000 Combined total value = 423,352,000,000
Strike 10900 has a total call value of 0 versus a total put value of 403,494,000,000 Combined total value = 403,494,000,000
Strike 11000 has a total call value of 0 versus a total put value of 383,647,000,000 Combined total value = 383,647,000,000
Strike 11100 has a total call value of 0 versus a total put value of 364,333,000,000 Combined total value = 364,333,000,000
Strike 11200 has a total call value of 0 versus a total put value of 345,056,000,000 Combined total value = 345,056,000,000
Strike 11300 has a total call value of 0 versus a total put value of 325,831,000,000 Combined total value = 325,831,000,000
Strike 11400 has a total call value of 0 versus a total put value of 306,674,000,000 Combined total value = 306,674,000,000
Strike 11500 has a total call value of 0 versus a total put value of 287,546,000,000 Combined total value = 287,546,000,000
Strike 11600 has a total call value of 0 versus a total put value of 269,109,000,000 Combined total value = 269,109,000,000
Strike 11700 has a total call value of 0 versus a total put value of 250,729,000,000 Combined total value = 250,729,000,000
Strike 11800 has a total call value of 0 versus a total put value of 232,495,000,000 Combined total value = 232,495,000,000
Strike 11900 has a total call value of 0 versus a total put value of 214,479,000,000 Combined total value = 214,479,000,000
Strike 12000 has a total call value of 0 versus a total put value of 196,604,000,000 Combined total value = 196,604,000,000
Strike 12100 has a total call value of 315,000,000 versus a total put value of 180,281,000,000 Combined total value = 180,596,000,000
Strike 12200 has a total call value of 630,000,000 versus a total put value of 164,296,000,000 Combined total value = 164,926,000,000
Strike 12300 has a total call value of 1,185,000,000 versus a total put value of 148,715,000,000 Combined total value = 149,900,000,000
Strike 12400 has a total call value of 1,912,000,000 versus a total put value of 133,568,000,000 Combined total value = 135,480,000,000
Strike 12500 has a total call value of 2,798,000,000 versus a total put value of 118,740,000,000 Combined total value = 121,538,000,000
Strike 12600 has a total call value of 3,993,000,000 versus a total put value of 105,200,000,000 Combined total value = 109,193,000,000
Strike 12700 has a total call value of 5,443,000,000 versus a total put value of 92,012,000,000 Combined total value = 97,455,000,000
Strike 12800 has a total call value of 7,089,000,000 versus a total put value of 79,290,000,000 Combined total value = 86,379,000,000
Strike 12900 has a total call value of 8,980,000,000 versus a total put value of 67,541,000,000 Combined total value = 76,521,000,000
Strike 13000 has a total call value of 11,328,000,000 versus a total put value of 56,362,000,000 Combined total value = 67,690,000,000
Strike 13100 has a total call value of 15,003,000,000 versus a total put value of 47,731,000,000 Combined total value = 62,734,000,000
Strike 13200 has a total call value of 18,876,000,000 versus a total put value of 39,463,000,000 Combined total value = 58,339,000,000
Strike 13300 has a total call value of 23,188,000,000 versus a total put value of 32,022,000,000 Combined total value = 55,210,000,000
Strike 13400 has a total call value of 27,688,000,000 versus a total put value of 25,299,000,000 Combined total value = 52,987,000,000
Strike 13500 has a total call value of 32,494,000,000 versus a total put value of 19,297,000,000 Combined total value = 51,791,000,000
Strike 13600 has a total call value of 38,343,000,000 versus a total put value of 14,728,000,000 Combined total value = 53,071,000,000
Strike 13700 has a total call value of 44,532,000,000 versus a total put value of 10,686,000,000 Combined total value = 55,218,000,000
Strike 13800 has a total call value of 51,106,000,000 versus a total put value of 7,176,000,000 Combined total value = 58,282,000,000
Strike 13900 has a total call value of 58,211,000,000 versus a total put value of 4,293,000,000 Combined total value = 62,504,000,000
Strike 14000 has a total call value of 65,717,000,000 versus a total put value of 2,021,000,000 Combined total value = 67,738,000,000
Strike 14100 has a total call value of 75,858,000,000 versus a total put value of 1,181,000,000 Combined total value = 77,039,000,000
Strike 14200 has a total call value of 87,113,000,000 versus a total put value of 704,000,000 Combined total value = 87,817,000,000
Strike 14300 has a total call value of 99,844,000,000 versus a total put value of 470,000,000 Combined total value = 100,314,000,000
Strike 14400 has a total call value of 113,163,000,000 versus a total put value of 269,000,000 Combined total value = 113,432,000,000
Strike 14500 has a total call value of 127,097,000,000 versus a total put value of 115,000,000 Combined total value = 127,212,000,000
Strike 14600 has a total call value of 142,812,000,000 versus a total put value of 33,000,000 Combined total value = 142,845,000,000
Strike 14700 has a total call value of 158,972,000,000 versus a total put value of 21,000,000 Combined total value = 158,993,000,000
Strike 14800 has a total call value of 175,330,000,000 versus a total put value of 14,000,000 Combined total value = 175,344,000,000
Strike 14900 has a total call value of 192,506,000,000 versus a total put value of 7,000,000 Combined total value = 192,513,000,000
Strike 15000 has a total call value of 209,857,000,000 versus a total put value of 0 Combined total value = 209,857,000,000
Strike 15100 has a total call value of 231,061,000,000 versus a total put value of 0 Combined total value = 231,061,000,000
Strike 15200 has a total call value of 252,453,000,000 versus a total put value of 0 Combined total value = 252,453,000,000
Strike 15300 has a total call value of 274,061,000,000 versus a total put value of 0 Combined total value = 274,061,000,000
Strike 15400 has a total call value of 295,774,000,000 versus a total put value of 0 Combined total value = 295,774,000,000
Strike 15500 has a total call value of 317,578,000,000 versus a total put value of 0 Combined total value = 317,578,000,000
Strike 15600 has a total call value of 340,303,000,000 versus a total put value of 0 Combined total value = 340,303,000,000
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.