DIXON
DIXON TECHNO (INDIA) LTD
Max pain for DIXON
27 Jun 2024 04:12 PM IST
Max Pain for DIXON is 11500
Strike 7600 has a total call value of 0 versus a total put value of 89,460,000,000 Combined total value = 89,460,000,000
Strike 7700 has a total call value of 2,000,000 versus a total put value of 86,733,000,000 Combined total value = 86,735,000,000
Strike 7800 has a total call value of 4,000,000 versus a total put value of 84,006,000,000 Combined total value = 84,010,000,000
Strike 7900 has a total call value of 6,000,000 versus a total put value of 81,279,000,000 Combined total value = 81,285,000,000
Strike 8000 has a total call value of 8,000,000 versus a total put value of 78,552,000,000 Combined total value = 78,560,000,000
Strike 8100 has a total call value of 10,000,000 versus a total put value of 75,825,000,000 Combined total value = 75,835,000,000
Strike 8200 has a total call value of 12,000,000 versus a total put value of 73,098,000,000 Combined total value = 73,110,000,000
Strike 8300 has a total call value of 14,000,000 versus a total put value of 70,371,000,000 Combined total value = 70,385,000,000
Strike 8400 has a total call value of 16,000,000 versus a total put value of 67,644,000,000 Combined total value = 67,660,000,000
Strike 8500 has a total call value of 18,000,000 versus a total put value of 64,917,000,000 Combined total value = 64,935,000,000
Strike 8600 has a total call value of 27,000,000 versus a total put value of 62,190,000,000 Combined total value = 62,217,000,000
Strike 8700 has a total call value of 36,000,000 versus a total put value of 59,474,000,000 Combined total value = 59,510,000,000
Strike 8800 has a total call value of 45,000,000 versus a total put value of 56,758,000,000 Combined total value = 56,803,000,000
Strike 8900 has a total call value of 54,000,000 versus a total put value of 54,042,000,000 Combined total value = 54,096,000,000
Strike 9000 has a total call value of 63,000,000 versus a total put value of 51,326,000,000 Combined total value = 51,389,000,000
Strike 9100 has a total call value of 74,000,000 versus a total put value of 48,643,000,000 Combined total value = 48,717,000,000
Strike 9200 has a total call value of 85,000,000 versus a total put value of 45,960,000,000 Combined total value = 46,045,000,000
Strike 9300 has a total call value of 96,000,000 versus a total put value of 43,277,000,000 Combined total value = 43,373,000,000
Strike 9400 has a total call value of 107,000,000 versus a total put value of 40,594,000,000 Combined total value = 40,701,000,000
Strike 9500 has a total call value of 118,000,000 versus a total put value of 37,911,000,000 Combined total value = 38,029,000,000
Strike 9600 has a total call value of 129,000,000 versus a total put value of 35,336,000,000 Combined total value = 35,465,000,000
Strike 9700 has a total call value of 140,000,000 versus a total put value of 32,761,000,000 Combined total value = 32,901,000,000
Strike 9800 has a total call value of 151,000,000 versus a total put value of 30,186,000,000 Combined total value = 30,337,000,000
Strike 9900 has a total call value of 162,000,000 versus a total put value of 27,653,000,000 Combined total value = 27,815,000,000
Strike 10000 has a total call value of 173,000,000 versus a total put value of 25,120,000,000 Combined total value = 25,293,000,000
Strike 10100 has a total call value of 190,000,000 versus a total put value of 22,817,000,000 Combined total value = 23,007,000,000
Strike 10200 has a total call value of 207,000,000 versus a total put value of 20,568,000,000 Combined total value = 20,775,000,000
Strike 10300 has a total call value of 224,000,000 versus a total put value of 18,345,000,000 Combined total value = 18,569,000,000
Strike 10400 has a total call value of 241,000,000 versus a total put value of 16,130,000,000 Combined total value = 16,371,000,000
Strike 10500 has a total call value of 259,000,000 versus a total put value of 13,943,000,000 Combined total value = 14,202,000,000
Strike 10600 has a total call value of 363,000,000 versus a total put value of 12,150,000,000 Combined total value = 12,513,000,000
Strike 10700 has a total call value of 467,000,000 versus a total put value of 10,393,000,000 Combined total value = 10,860,000,000
Strike 10800 has a total call value of 571,000,000 versus a total put value of 8,642,000,000 Combined total value = 9,213,000,000
Strike 10900 has a total call value of 675,000,000 versus a total put value of 6,955,000,000 Combined total value = 7,630,000,000
Strike 11000 has a total call value of 782,000,000 versus a total put value of 5,275,000,000 Combined total value = 6,057,000,000
Strike 11100 has a total call value of 1,222,000,000 versus a total put value of 4,305,000,000 Combined total value = 5,527,000,000
Strike 11200 has a total call value of 1,662,000,000 versus a total put value of 3,358,000,000 Combined total value = 5,020,000,000
Strike 11300 has a total call value of 2,135,000,000 versus a total put value of 2,465,000,000 Combined total value = 4,600,000,000
Strike 11400 has a total call value of 2,624,000,000 versus a total put value of 1,614,000,000 Combined total value = 4,238,000,000
Strike 11500 has a total call value of 3,178,000,000 versus a total put value of 821,000,000 Combined total value = 3,999,000,000
Strike 11600 has a total call value of 4,151,000,000 versus a total put value of 473,000,000 Combined total value = 4,624,000,000
Strike 11700 has a total call value of 5,279,000,000 versus a total put value of 240,000,000 Combined total value = 5,519,000,000
Strike 11800 has a total call value of 6,648,000,000 versus a total put value of 143,000,000 Combined total value = 6,791,000,000
Strike 11900 has a total call value of 8,151,000,000 versus a total put value of 77,000,000 Combined total value = 8,228,000,000
Strike 12000 has a total call value of 9,719,000,000 versus a total put value of 12,000,000 Combined total value = 9,731,000,000
Strike 12100 has a total call value of 12,125,000,000 versus a total put value of 4,000,000 Combined total value = 12,129,000,000
Strike 12200 has a total call value of 14,596,000,000 versus a total put value of 3,000,000 Combined total value = 14,599,000,000
Strike 12300 has a total call value of 17,244,000,000 versus a total put value of 2,000,000 Combined total value = 17,246,000,000
Strike 12400 has a total call value of 19,949,000,000 versus a total put value of 1,000,000 Combined total value = 19,950,000,000
Strike 12500 has a total call value of 22,677,000,000 versus a total put value of 0 Combined total value = 22,677,000,000
Strike 12600 has a total call value of 25,862,000,000 versus a total put value of 0 Combined total value = 25,862,000,000
Strike 12700 has a total call value of 29,081,000,000 versus a total put value of 0 Combined total value = 29,081,000,000
Strike 12800 has a total call value of 32,393,000,000 versus a total put value of 0 Combined total value = 32,393,000,000
Strike 12900 has a total call value of 35,739,000,000 versus a total put value of 0 Combined total value = 35,739,000,000
Strike 13000 has a total call value of 39,099,000,000 versus a total put value of 0 Combined total value = 39,099,000,000
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.