DLF
DLF LIMITED
Max pain for DLF
26 Apr 2024 04:16 PM IST
Max Pain for DLF is 900
Strike 740 has a total call value of 0 versus a total put value of 68,913,900,000 Combined total value = 68,913,900,000
Strike 750 has a total call value of 0 versus a total put value of 62,784,975,000 Combined total value = 62,784,975,000
Strike 760 has a total call value of 0 versus a total put value of 56,656,050,000 Combined total value = 56,656,050,000
Strike 770 has a total call value of 0 versus a total put value of 50,997,375,000 Combined total value = 50,997,375,000
Strike 780 has a total call value of 0 versus a total put value of 45,338,700,000 Combined total value = 45,338,700,000
Strike 790 has a total call value of 0 versus a total put value of 40,075,200,000 Combined total value = 40,075,200,000
Strike 800 has a total call value of 0 versus a total put value of 34,834,800,000 Combined total value = 34,834,800,000
Strike 810 has a total call value of 51,975,000 versus a total put value of 30,434,250,000 Combined total value = 30,486,225,000
Strike 820 has a total call value of 103,950,000 versus a total put value of 26,116,200,000 Combined total value = 26,220,150,000
Strike 830 has a total call value of 163,350,000 versus a total put value of 22,079,475,000 Combined total value = 22,242,825,000
Strike 840 has a total call value of 226,050,000 versus a total put value of 18,244,050,000 Combined total value = 18,470,100,000
Strike 850 has a total call value of 308,550,000 versus a total put value of 14,700,675,000 Combined total value = 15,009,225,000
Strike 860 has a total call value of 479,325,000 versus a total put value of 11,788,425,000 Combined total value = 12,267,750,000
Strike 870 has a total call value of 875,325,000 versus a total put value of 9,169,875,000 Combined total value = 10,045,200,000
Strike 880 has a total call value of 1,388,475,000 versus a total put value of 6,819,450,000 Combined total value = 8,207,925,000
Strike 890 has a total call value of 2,122,725,000 versus a total put value of 4,845,225,000 Combined total value = 6,967,950,000
Strike 900 has a total call value of 3,325,575,000 versus a total put value of 3,253,800,000 Combined total value = 6,579,375,000
Strike 910 has a total call value of 5,878,950,000 versus a total put value of 2,424,675,000 Combined total value = 8,303,625,000
Strike 920 has a total call value of 8,781,300,000 versus a total put value of 1,779,525,000 Combined total value = 10,560,825,000
Strike 930 has a total call value of 12,231,450,000 versus a total put value of 1,341,450,000 Combined total value = 13,572,900,000
Strike 940 has a total call value of 16,038,000,000 versus a total put value of 952,875,000 Combined total value = 16,990,875,000
Strike 950 has a total call value of 20,120,925,000 versus a total put value of 629,475,000 Combined total value = 20,750,400,000
Strike 960 has a total call value of 25,516,425,000 versus a total put value of 511,500,000 Combined total value = 26,027,925,000
Strike 970 has a total call value of 31,145,400,000 versus a total put value of 404,250,000 Combined total value = 31,549,650,000
Strike 980 has a total call value of 36,926,175,000 versus a total put value of 297,000,000 Combined total value = 37,223,175,000
Strike 990 has a total call value of 43,015,500,000 versus a total put value of 212,850,000 Combined total value = 43,228,350,000
Strike 1000 has a total call value of 49,151,850,000 versus a total put value of 128,700,000 Combined total value = 49,280,550,000
Strike 1010 has a total call value of 56,397,000,000 versus a total put value of 107,250,000 Combined total value = 56,504,250,000
Strike 1020 has a total call value of 63,670,200,000 versus a total put value of 85,800,000 Combined total value = 63,756,000,000
Strike 1030 has a total call value of 71,072,925,000 versus a total put value of 64,350,000 Combined total value = 71,137,275,000
Strike 1040 has a total call value of 78,488,025,000 versus a total put value of 42,900,000 Combined total value = 78,530,925,000
Strike 1050 has a total call value of 85,925,400,000 versus a total put value of 21,450,000 Combined total value = 85,946,850,000
Strike 1060 has a total call value of 93,490,650,000 versus a total put value of 0 Combined total value = 93,490,650,000
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.