DIXON
Dixon Techno (India) Ltd
Max pain for DIXON
06 Sep 2024 04:12 PM IST
Max Pain for DIXON is 12500
Strike 9300 has a total call value of 0 versus a total put value of 337,322,000,000 Combined total value = 337,322,000,000
Strike 9400 has a total call value of 70,000,000 versus a total put value of 324,553,000,000 Combined total value = 324,623,000,000
Strike 9500 has a total call value of 140,000,000 versus a total put value of 311,784,000,000 Combined total value = 311,924,000,000
Strike 9600 has a total call value of 210,000,000 versus a total put value of 299,420,000,000 Combined total value = 299,630,000,000
Strike 9700 has a total call value of 280,000,000 versus a total put value of 287,056,000,000 Combined total value = 287,336,000,000
Strike 9800 has a total call value of 350,000,000 versus a total put value of 274,692,000,000 Combined total value = 275,042,000,000
Strike 9900 has a total call value of 420,000,000 versus a total put value of 262,331,000,000 Combined total value = 262,751,000,000
Strike 10000 has a total call value of 490,000,000 versus a total put value of 249,987,000,000 Combined total value = 250,477,000,000
Strike 10100 has a total call value of 560,000,000 versus a total put value of 238,070,000,000 Combined total value = 238,630,000,000
Strike 10200 has a total call value of 630,000,000 versus a total put value of 226,153,000,000 Combined total value = 226,783,000,000
Strike 10300 has a total call value of 700,000,000 versus a total put value of 214,236,000,000 Combined total value = 214,936,000,000
Strike 10400 has a total call value of 770,000,000 versus a total put value of 202,319,000,000 Combined total value = 203,089,000,000
Strike 10500 has a total call value of 840,000,000 versus a total put value of 190,402,000,000 Combined total value = 191,242,000,000
Strike 10600 has a total call value of 910,000,000 versus a total put value of 178,853,000,000 Combined total value = 179,763,000,000
Strike 10700 has a total call value of 980,000,000 versus a total put value of 167,311,000,000 Combined total value = 168,291,000,000
Strike 10800 has a total call value of 1,050,000,000 versus a total put value of 155,798,000,000 Combined total value = 156,848,000,000
Strike 10900 has a total call value of 1,120,000,000 versus a total put value of 144,366,000,000 Combined total value = 145,486,000,000
Strike 11000 has a total call value of 1,190,000,000 versus a total put value of 132,958,000,000 Combined total value = 134,148,000,000
Strike 11100 has a total call value of 1,275,000,000 versus a total put value of 122,782,000,000 Combined total value = 124,057,000,000
Strike 11200 has a total call value of 1,360,000,000 versus a total put value of 112,649,000,000 Combined total value = 114,009,000,000
Strike 11300 has a total call value of 1,445,000,000 versus a total put value of 102,583,000,000 Combined total value = 104,028,000,000
Strike 11400 has a total call value of 1,530,000,000 versus a total put value of 92,717,000,000 Combined total value = 94,247,000,000
Strike 11500 has a total call value of 1,615,000,000 versus a total put value of 82,887,000,000 Combined total value = 84,502,000,000
Strike 11600 has a total call value of 1,744,000,000 versus a total put value of 74,429,000,000 Combined total value = 76,173,000,000
Strike 11700 has a total call value of 1,873,000,000 versus a total put value of 66,089,000,000 Combined total value = 67,962,000,000
Strike 11800 has a total call value of 2,002,000,000 versus a total put value of 57,877,000,000 Combined total value = 59,879,000,000
Strike 11900 has a total call value of 2,146,000,000 versus a total put value of 49,967,000,000 Combined total value = 52,113,000,000
Strike 12000 has a total call value of 2,290,000,000 versus a total put value of 42,357,000,000 Combined total value = 44,647,000,000
Strike 12100 has a total call value of 3,243,000,000 versus a total put value of 36,440,000,000 Combined total value = 39,683,000,000
Strike 12200 has a total call value of 4,364,000,000 versus a total put value of 30,708,000,000 Combined total value = 35,072,000,000
Strike 12300 has a total call value of 5,877,000,000 versus a total put value of 25,286,000,000 Combined total value = 31,163,000,000
Strike 12400 has a total call value of 7,706,000,000 versus a total put value of 20,273,000,000 Combined total value = 27,979,000,000
Strike 12500 has a total call value of 9,881,000,000 versus a total put value of 15,881,000,000 Combined total value = 25,762,000,000
Strike 12600 has a total call value of 13,548,000,000 versus a total put value of 12,874,000,000 Combined total value = 26,422,000,000
Strike 12700 has a total call value of 17,934,000,000 versus a total put value of 10,186,000,000 Combined total value = 28,120,000,000
Strike 12800 has a total call value of 23,120,000,000 versus a total put value of 7,861,000,000 Combined total value = 30,981,000,000
Strike 12900 has a total call value of 29,347,000,000 versus a total put value of 6,017,000,000 Combined total value = 35,364,000,000
Strike 13000 has a total call value of 36,230,000,000 versus a total put value of 4,349,000,000 Combined total value = 40,579,000,000
Strike 13100 has a total call value of 47,349,000,000 versus a total put value of 3,343,000,000 Combined total value = 50,692,000,000
Strike 13200 has a total call value of 59,263,000,000 versus a total put value of 2,453,000,000 Combined total value = 61,716,000,000
Strike 13300 has a total call value of 72,091,000,000 versus a total put value of 1,722,000,000 Combined total value = 73,813,000,000
Strike 13400 has a total call value of 85,803,000,000 versus a total put value of 1,136,000,000 Combined total value = 86,939,000,000
Strike 13500 has a total call value of 100,555,000,000 versus a total put value of 732,000,000 Combined total value = 101,287,000,000
Strike 13600 has a total call value of 119,422,000,000 versus a total put value of 509,000,000 Combined total value = 119,931,000,000
Strike 13700 has a total call value of 138,989,000,000 versus a total put value of 353,000,000 Combined total value = 139,342,000,000
Strike 13800 has a total call value of 158,947,000,000 versus a total put value of 218,000,000 Combined total value = 159,165,000,000
Strike 13900 has a total call value of 179,370,000,000 versus a total put value of 109,000,000 Combined total value = 179,479,000,000
Strike 14000 has a total call value of 200,047,000,000 versus a total put value of 0 Combined total value = 200,047,000,000
Strike 14100 has a total call value of 224,487,000,000 versus a total put value of 0 Combined total value = 224,487,000,000
Strike 14200 has a total call value of 249,395,000,000 versus a total put value of 0 Combined total value = 249,395,000,000
Strike 14300 has a total call value of 274,713,000,000 versus a total put value of 0 Combined total value = 274,713,000,000
Strike 14400 has a total call value of 300,273,000,000 versus a total put value of 0 Combined total value = 300,273,000,000
Strike 14500 has a total call value of 326,332,000,000 versus a total put value of 0 Combined total value = 326,332,000,000
Strike 14600 has a total call value of 353,406,000,000 versus a total put value of 0 Combined total value = 353,406,000,000
Strike 14700 has a total call value of 380,714,000,000 versus a total put value of 0 Combined total value = 380,714,000,000
Strike 14800 has a total call value of 408,022,000,000 versus a total put value of 0 Combined total value = 408,022,000,000
Strike 14900 has a total call value of 435,866,000,000 versus a total put value of 0 Combined total value = 435,866,000,000
Strike 15000 has a total call value of 463,710,000,000 versus a total put value of 0 Combined total value = 463,710,000,000
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.