DIXON
DIXON TECHNO (INDIA) LTD
Max pain for DIXON
28 Jun 2024 04:12 PM IST
Max Pain for DIXON is 11600
Strike 7500 has a total call value of 0 versus a total put value of 142,765,000,000 Combined total value = 142,765,000,000
Strike 7600 has a total call value of 52,000,000 versus a total put value of 138,759,000,000 Combined total value = 138,811,000,000
Strike 7700 has a total call value of 104,000,000 versus a total put value of 134,755,000,000 Combined total value = 134,859,000,000
Strike 7800 has a total call value of 156,000,000 versus a total put value of 130,751,000,000 Combined total value = 130,907,000,000
Strike 7900 has a total call value of 208,000,000 versus a total put value of 126,747,000,000 Combined total value = 126,955,000,000
Strike 8000 has a total call value of 260,000,000 versus a total put value of 122,743,000,000 Combined total value = 123,003,000,000
Strike 8100 has a total call value of 312,000,000 versus a total put value of 118,739,000,000 Combined total value = 119,051,000,000
Strike 8200 has a total call value of 364,000,000 versus a total put value of 114,735,000,000 Combined total value = 115,099,000,000
Strike 8300 has a total call value of 416,000,000 versus a total put value of 110,731,000,000 Combined total value = 111,147,000,000
Strike 8400 has a total call value of 468,000,000 versus a total put value of 106,727,000,000 Combined total value = 107,195,000,000
Strike 8500 has a total call value of 520,000,000 versus a total put value of 102,723,000,000 Combined total value = 103,243,000,000
Strike 8600 has a total call value of 572,000,000 versus a total put value of 98,719,000,000 Combined total value = 99,291,000,000
Strike 8700 has a total call value of 624,000,000 versus a total put value of 94,726,000,000 Combined total value = 95,350,000,000
Strike 8800 has a total call value of 676,000,000 versus a total put value of 90,733,000,000 Combined total value = 91,409,000,000
Strike 8900 has a total call value of 728,000,000 versus a total put value of 86,740,000,000 Combined total value = 87,468,000,000
Strike 9000 has a total call value of 780,000,000 versus a total put value of 82,747,000,000 Combined total value = 83,527,000,000
Strike 9100 has a total call value of 844,000,000 versus a total put value of 78,794,000,000 Combined total value = 79,638,000,000
Strike 9200 has a total call value of 908,000,000 versus a total put value of 74,841,000,000 Combined total value = 75,749,000,000
Strike 9300 has a total call value of 972,000,000 versus a total put value of 70,888,000,000 Combined total value = 71,860,000,000
Strike 9400 has a total call value of 1,036,000,000 versus a total put value of 66,935,000,000 Combined total value = 67,971,000,000
Strike 9500 has a total call value of 1,100,000,000 versus a total put value of 62,982,000,000 Combined total value = 64,082,000,000
Strike 9600 has a total call value of 1,164,000,000 versus a total put value of 59,141,000,000 Combined total value = 60,305,000,000
Strike 9700 has a total call value of 1,228,000,000 versus a total put value of 55,300,000,000 Combined total value = 56,528,000,000
Strike 9800 has a total call value of 1,292,000,000 versus a total put value of 51,459,000,000 Combined total value = 52,751,000,000
Strike 9900 has a total call value of 1,356,000,000 versus a total put value of 47,674,000,000 Combined total value = 49,030,000,000
Strike 10000 has a total call value of 1,420,000,000 versus a total put value of 43,889,000,000 Combined total value = 45,309,000,000
Strike 10100 has a total call value of 1,484,000,000 versus a total put value of 40,402,000,000 Combined total value = 41,886,000,000
Strike 10200 has a total call value of 1,548,000,000 versus a total put value of 36,971,000,000 Combined total value = 38,519,000,000
Strike 10300 has a total call value of 1,612,000,000 versus a total put value of 33,579,000,000 Combined total value = 35,191,000,000
Strike 10400 has a total call value of 1,676,000,000 versus a total put value of 30,187,000,000 Combined total value = 31,863,000,000
Strike 10500 has a total call value of 1,740,000,000 versus a total put value of 26,823,000,000 Combined total value = 28,563,000,000
Strike 10600 has a total call value of 1,887,000,000 versus a total put value of 23,890,000,000 Combined total value = 25,777,000,000
Strike 10700 has a total call value of 2,034,000,000 versus a total put value of 21,002,000,000 Combined total value = 23,036,000,000
Strike 10800 has a total call value of 2,189,000,000 versus a total put value of 18,175,000,000 Combined total value = 20,364,000,000
Strike 10900 has a total call value of 2,344,000,000 versus a total put value of 15,431,000,000 Combined total value = 17,775,000,000
Strike 11000 has a total call value of 2,499,000,000 versus a total put value of 12,718,000,000 Combined total value = 15,217,000,000
Strike 11100 has a total call value of 2,982,000,000 versus a total put value of 10,847,000,000 Combined total value = 13,829,000,000
Strike 11200 has a total call value of 3,465,000,000 versus a total put value of 9,002,000,000 Combined total value = 12,467,000,000
Strike 11300 has a total call value of 3,988,000,000 versus a total put value of 7,230,000,000 Combined total value = 11,218,000,000
Strike 11400 has a total call value of 4,529,000,000 versus a total put value of 5,521,000,000 Combined total value = 10,050,000,000
Strike 11500 has a total call value of 5,136,000,000 versus a total put value of 3,906,000,000 Combined total value = 9,042,000,000
Strike 11600 has a total call value of 6,063,000,000 versus a total put value of 2,865,000,000 Combined total value = 8,928,000,000
Strike 11700 has a total call value of 7,105,000,000 versus a total put value of 1,980,000,000 Combined total value = 9,085,000,000
Strike 11800 has a total call value of 8,343,000,000 versus a total put value of 1,302,000,000 Combined total value = 9,645,000,000
Strike 11900 has a total call value of 9,791,000,000 versus a total put value of 781,000,000 Combined total value = 10,572,000,000
Strike 12000 has a total call value of 11,384,000,000 versus a total put value of 316,000,000 Combined total value = 11,700,000,000
Strike 12100 has a total call value of 13,978,000,000 versus a total put value of 184,000,000 Combined total value = 14,162,000,000
Strike 12200 has a total call value of 16,742,000,000 versus a total put value of 106,000,000 Combined total value = 16,848,000,000
Strike 12300 has a total call value of 19,687,000,000 versus a total put value of 64,000,000 Combined total value = 19,751,000,000
Strike 12400 has a total call value of 22,734,000,000 versus a total put value of 33,000,000 Combined total value = 22,767,000,000
Strike 12500 has a total call value of 25,825,000,000 versus a total put value of 15,000,000 Combined total value = 25,840,000,000
Strike 12600 has a total call value of 29,632,000,000 versus a total put value of 12,000,000 Combined total value = 29,644,000,000
Strike 12700 has a total call value of 33,524,000,000 versus a total put value of 9,000,000 Combined total value = 33,533,000,000
Strike 12800 has a total call value of 37,483,000,000 versus a total put value of 6,000,000 Combined total value = 37,489,000,000
Strike 12900 has a total call value of 41,648,000,000 versus a total put value of 3,000,000 Combined total value = 41,651,000,000
Strike 13000 has a total call value of 45,853,000,000 versus a total put value of 0 Combined total value = 45,853,000,000
Strike 13100 has a total call value of 51,251,000,000 versus a total put value of 0 Combined total value = 51,251,000,000
Strike 13200 has a total call value of 56,649,000,000 versus a total put value of 0 Combined total value = 56,649,000,000
Strike 13300 has a total call value of 62,180,000,000 versus a total put value of 0 Combined total value = 62,180,000,000
Strike 13400 has a total call value of 67,711,000,000 versus a total put value of 0 Combined total value = 67,711,000,000
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.