DLF
DLF Limited
Max pain for DLF
25 Sep 2023 12:15 PM IST
Max Pain for DLF is 520
Strike 395 has a total call value of 0 versus a total put value of 1,138,912,500 Combined total value = 1,138,912,500
Strike 400 has a total call value of 0 versus a total put value of 1,085,766,000 Combined total value = 1,085,766,000
Strike 405 has a total call value of 0 versus a total put value of 1,032,825,750 Combined total value = 1,032,825,750
Strike 410 has a total call value of 24,750 versus a total put value of 979,935,000 Combined total value = 979,959,750
Strike 415 has a total call value of 107,250 versus a total put value of 927,110,250 Combined total value = 927,217,500
Strike 420 has a total call value of 189,750 versus a total put value of 874,302,000 Combined total value = 874,491,750
Strike 425 has a total call value of 305,250 versus a total put value of 822,013,500 Combined total value = 822,318,750
Strike 430 has a total call value of 420,750 versus a total put value of 769,725,000 Combined total value = 770,145,750
Strike 435 has a total call value of 544,500 versus a total put value of 717,618,000 Combined total value = 718,162,500
Strike 440 has a total call value of 668,250 versus a total put value of 665,519,250 Combined total value = 666,187,500
Strike 445 has a total call value of 792,000 versus a total put value of 614,047,500 Combined total value = 614,839,500
Strike 450 has a total call value of 915,750 versus a total put value of 562,831,500 Combined total value = 563,747,250
Strike 455 has a total call value of 1,254,000 versus a total put value of 513,306,750 Combined total value = 514,560,750
Strike 460 has a total call value of 1,592,250 versus a total put value of 464,062,500 Combined total value = 465,654,750
Strike 465 has a total call value of 2,004,750 versus a total put value of 417,309,750 Combined total value = 419,314,500
Strike 470 has a total call value of 2,417,250 versus a total put value of 370,961,250 Combined total value = 373,378,500
Strike 475 has a total call value of 2,970,000 versus a total put value of 327,805,500 Combined total value = 330,775,500
Strike 480 has a total call value of 3,580,500 versus a total put value of 285,103,500 Combined total value = 288,684,000
Strike 485 has a total call value of 5,453,250 versus a total put value of 245,544,750 Combined total value = 250,998,000
Strike 490 has a total call value of 7,532,250 versus a total put value of 207,033,750 Combined total value = 214,566,000
Strike 495 has a total call value of 10,238,250 versus a total put value of 170,395,500 Combined total value = 180,633,750
Strike 500 has a total call value of 13,167,000 versus a total put value of 134,838,000 Combined total value = 148,005,000
Strike 505 has a total call value of 17,580,750 versus a total put value of 105,047,250 Combined total value = 122,628,000
Strike 510 has a total call value of 23,100,000 versus a total put value of 76,601,250 Combined total value = 99,701,250
Strike 515 has a total call value of 31,119,000 versus a total put value of 52,610,250 Combined total value = 83,729,250
Strike 520 has a total call value of 43,939,500 versus a total put value of 33,693,000 Combined total value = 77,632,500
Strike 525 has a total call value of 69,011,250 versus a total put value of 24,543,750 Combined total value = 93,555,000
Strike 530 has a total call value of 97,086,000 versus a total put value of 16,500,000 Combined total value = 113,586,000
Strike 535 has a total call value of 132,206,250 versus a total put value of 11,030,250 Combined total value = 143,236,500
Strike 540 has a total call value of 171,006,000 versus a total put value of 6,682,500 Combined total value = 177,688,500
Strike 545 has a total call value of 218,253,750 versus a total put value of 4,092,000 Combined total value = 222,345,750
Strike 550 has a total call value of 268,075,500 versus a total put value of 2,194,500 Combined total value = 270,270,000
Strike 555 has a total call value of 326,947,500 versus a total put value of 1,427,250 Combined total value = 328,374,750
Strike 560 has a total call value of 386,867,250 versus a total put value of 825,000 Combined total value = 387,692,250
Strike 565 has a total call value of 449,138,250 versus a total put value of 544,500 Combined total value = 449,682,750
Strike 570 has a total call value of 512,176,500 versus a total put value of 363,000 Combined total value = 512,539,500
Strike 575 has a total call value of 577,516,500 versus a total put value of 247,500 Combined total value = 577,764,000
Strike 580 has a total call value of 643,673,250 versus a total put value of 165,000 Combined total value = 643,838,250
Strike 585 has a total call value of 713,938,500 versus a total put value of 123,750 Combined total value = 714,062,250
Strike 590 has a total call value of 784,649,250 versus a total put value of 82,500 Combined total value = 784,731,750
Strike 595 has a total call value of 855,896,250 versus a total put value of 41,250 Combined total value = 855,937,500
Strike 600 has a total call value of 928,875,750 versus a total put value of 0 Combined total value = 928,875,750
Strike 605 has a total call value of 1,003,018,500 versus a total put value of 0 Combined total value = 1,003,018,500
Strike 610 has a total call value of 1,077,615,000 versus a total put value of 0 Combined total value = 1,077,615,000
Strike 615 has a total call value of 1,152,459,000 versus a total put value of 0 Combined total value = 1,152,459,000
Max Pain - Choose a symbol
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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.