DLF
DLF LIMITED
Max pain for DLF
19 Apr 2024 03:47 PM IST
Max Pain for DLF is 880
Strike 700 has a total call value of 0 versus a total put value of 173,971,050,000 Combined total value = 173,971,050,000
Strike 710 has a total call value of 52,800,000 versus a total put value of 163,409,400,000 Combined total value = 163,462,200,000
Strike 720 has a total call value of 105,600,000 versus a total put value of 152,847,750,000 Combined total value = 152,953,350,000
Strike 730 has a total call value of 158,400,000 versus a total put value of 142,286,100,000 Combined total value = 142,444,500,000
Strike 740 has a total call value of 211,200,000 versus a total put value of 131,724,450,000 Combined total value = 131,935,650,000
Strike 750 has a total call value of 264,000,000 versus a total put value of 121,220,550,000 Combined total value = 121,484,550,000
Strike 760 has a total call value of 323,400,000 versus a total put value of 110,825,550,000 Combined total value = 111,148,950,000
Strike 770 has a total call value of 386,100,000 versus a total put value of 100,496,550,000 Combined total value = 100,882,650,000
Strike 780 has a total call value of 448,800,000 versus a total put value of 90,207,150,000 Combined total value = 90,655,950,000
Strike 790 has a total call value of 511,500,000 versus a total put value of 80,120,700,000 Combined total value = 80,632,200,000
Strike 800 has a total call value of 574,200,000 versus a total put value of 70,141,500,000 Combined total value = 70,715,700,000
Strike 810 has a total call value of 742,500,000 versus a total put value of 61,467,450,000 Combined total value = 62,209,950,000
Strike 820 has a total call value of 917,400,000 versus a total put value of 53,088,750,000 Combined total value = 54,006,150,000
Strike 830 has a total call value of 1,120,350,000 versus a total put value of 45,167,100,000 Combined total value = 46,287,450,000
Strike 840 has a total call value of 1,364,550,000 versus a total put value of 37,760,250,000 Combined total value = 39,124,800,000
Strike 850 has a total call value of 1,849,650,000 versus a total put value of 31,143,750,000 Combined total value = 32,993,400,000
Strike 860 has a total call value of 2,783,550,000 versus a total put value of 25,584,900,000 Combined total value = 28,368,450,000
Strike 870 has a total call value of 4,497,900,000 versus a total put value of 20,697,600,000 Combined total value = 25,195,500,000
Strike 880 has a total call value of 7,081,800,000 versus a total put value of 16,290,450,000 Combined total value = 23,372,250,000
Strike 890 has a total call value of 11,350,350,000 versus a total put value of 12,515,250,000 Combined total value = 23,865,600,000
Strike 900 has a total call value of 16,755,750,000 versus a total put value of 9,170,700,000 Combined total value = 25,926,450,000
Strike 910 has a total call value of 25,223,550,000 versus a total put value of 6,837,600,000 Combined total value = 32,061,150,000
Strike 920 has a total call value of 34,920,600,000 versus a total put value of 4,819,650,000 Combined total value = 39,740,250,000
Strike 930 has a total call value of 46,369,950,000 versus a total put value of 3,374,250,000 Combined total value = 49,744,200,000
Strike 940 has a total call value of 59,624,400,000 versus a total put value of 2,245,650,000 Combined total value = 61,870,050,000
Strike 950 has a total call value of 74,019,000,000 versus a total put value of 1,374,450,000 Combined total value = 75,393,450,000
Strike 960 has a total call value of 91,136,100,000 versus a total put value of 854,700,000 Combined total value = 91,990,800,000
Strike 970 has a total call value of 109,225,050,000 versus a total put value of 437,250,000 Combined total value = 109,662,300,000
Strike 980 has a total call value of 128,089,500,000 versus a total put value of 125,400,000 Combined total value = 128,214,900,000
Strike 990 has a total call value of 147,686,550,000 versus a total put value of 62,700,000 Combined total value = 147,749,250,000
Strike 1000 has a total call value of 167,592,150,000 versus a total put value of 0 Combined total value = 167,592,150,000
Strike 1010 has a total call value of 189,768,150,000 versus a total put value of 0 Combined total value = 189,768,150,000
Strike 1020 has a total call value of 212,110,800,000 versus a total put value of 0 Combined total value = 212,110,800,000
Strike 1030 has a total call value of 234,887,400,000 versus a total put value of 0 Combined total value = 234,887,400,000
Strike 1040 has a total call value of 257,822,400,000 versus a total put value of 0 Combined total value = 257,822,400,000
Strike 1050 has a total call value of 281,024,700,000 versus a total put value of 0 Combined total value = 281,024,700,000
Strike 1060 has a total call value of 304,509,150,000 versus a total put value of 0 Combined total value = 304,509,150,000
Strike 1070 has a total call value of 328,260,900,000 versus a total put value of 0 Combined total value = 328,260,900,000
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.