DLF
DLF LIMITED
Max pain for DLF
02 Jul 2024 10:40 AM IST
Max Pain for DLF is 830
Strike 700 has a total call value of 0 versus a total put value of 84,152,475,000 Combined total value = 84,152,475,000
Strike 710 has a total call value of 5,775,000 versus a total put value of 76,728,300,000 Combined total value = 76,734,075,000
Strike 720 has a total call value of 11,550,000 versus a total put value of 69,329,700,000 Combined total value = 69,341,250,000
Strike 730 has a total call value of 17,325,000 versus a total put value of 62,016,900,000 Combined total value = 62,034,225,000
Strike 740 has a total call value of 23,100,000 versus a total put value of 54,795,675,000 Combined total value = 54,818,775,000
Strike 750 has a total call value of 28,875,000 versus a total put value of 47,685,000,000 Combined total value = 47,713,875,000
Strike 760 has a total call value of 34,650,000 versus a total put value of 41,218,650,000 Combined total value = 41,253,300,000
Strike 770 has a total call value of 51,150,000 versus a total put value of 34,945,350,000 Combined total value = 34,996,500,000
Strike 780 has a total call value of 72,600,000 versus a total put value of 28,922,850,000 Combined total value = 28,995,450,000
Strike 790 has a total call value of 281,325,000 versus a total put value of 23,542,200,000 Combined total value = 23,823,525,000
Strike 800 has a total call value of 508,200,000 versus a total put value of 18,274,575,000 Combined total value = 18,782,775,000
Strike 810 has a total call value of 1,212,750,000 versus a total put value of 14,826,075,000 Combined total value = 16,038,825,000
Strike 820 has a total call value of 1,997,325,000 versus a total put value of 11,735,625,000 Combined total value = 13,732,950,000
Strike 830 has a total call value of 3,411,375,000 versus a total put value of 9,126,975,000 Combined total value = 12,538,350,000
Strike 840 has a total call value of 5,991,975,000 versus a total put value of 7,111,500,000 Combined total value = 13,103,475,000
Strike 850 has a total call value of 9,731,700,000 versus a total put value of 5,375,700,000 Combined total value = 15,107,400,000
Strike 860 has a total call value of 14,805,450,000 versus a total put value of 4,327,950,000 Combined total value = 19,133,400,000
Strike 870 has a total call value of 20,728,125,000 versus a total put value of 3,403,125,000 Combined total value = 24,131,250,000
Strike 880 has a total call value of 27,141,675,000 versus a total put value of 2,478,300,000 Combined total value = 29,619,975,000
Strike 890 has a total call value of 34,213,575,000 versus a total put value of 1,781,175,000 Combined total value = 35,994,750,000
Strike 900 has a total call value of 41,511,525,000 versus a total put value of 1,084,050,000 Combined total value = 42,595,575,000
Strike 910 has a total call value of 51,342,225,000 versus a total put value of 931,425,000 Combined total value = 52,273,650,000
Strike 920 has a total call value of 61,354,425,000 versus a total put value of 781,275,000 Combined total value = 62,135,700,000
Strike 930 has a total call value of 71,725,500,000 versus a total put value of 681,450,000 Combined total value = 72,406,950,000
Strike 940 has a total call value of 82,145,250,000 versus a total put value of 584,100,000 Combined total value = 82,729,350,000
Strike 950 has a total call value of 92,679,675,000 versus a total put value of 486,750,000 Combined total value = 93,166,425,000
Strike 960 has a total call value of 103,615,875,000 versus a total put value of 389,400,000 Combined total value = 104,005,275,000
Strike 970 has a total call value of 114,586,725,000 versus a total put value of 292,050,000 Combined total value = 114,878,775,000
Strike 980 has a total call value of 125,648,325,000 versus a total put value of 194,700,000 Combined total value = 125,843,025,000
Strike 990 has a total call value of 136,841,100,000 versus a total put value of 97,350,000 Combined total value = 136,938,450,000
Strike 1000 has a total call value of 148,033,875,000 versus a total put value of 0 Combined total value = 148,033,875,000
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.