DRREDDY
Dr. Reddy S Laboratories
Max pain for DRREDDY
29 Oct 2024 04:10 PM IST
Max Pain for DRREDDY is 1320
Strike 1180 has a total call value of 0 versus a total put value of 35,035,625,000 Combined total value = 35,035,625,000
Strike 1190 has a total call value of 0 versus a total put value of 31,971,250,000 Combined total value = 31,971,250,000
Strike 1200 has a total call value of 0 versus a total put value of 28,906,875,000 Combined total value = 28,906,875,000
Strike 1210 has a total call value of 0 versus a total put value of 26,028,750,000 Combined total value = 26,028,750,000
Strike 1220 has a total call value of 0 versus a total put value of 23,150,625,000 Combined total value = 23,150,625,000
Strike 1230 has a total call value of 0 versus a total put value of 20,314,375,000 Combined total value = 20,314,375,000
Strike 1240 has a total call value of 0 versus a total put value of 17,541,875,000 Combined total value = 17,541,875,000
Strike 1250 has a total call value of 8,750,000 versus a total put value of 15,263,125,000 Combined total value = 15,271,875,000
Strike 1260 has a total call value of 25,625,000 versus a total put value of 13,069,375,000 Combined total value = 13,095,000,000
Strike 1270 has a total call value of 65,000,000 versus a total put value of 10,983,125,000 Combined total value = 11,048,125,000
Strike 1280 has a total call value of 160,000,000 versus a total put value of 8,964,375,000 Combined total value = 9,124,375,000
Strike 1290 has a total call value of 386,875,000 versus a total put value of 7,126,250,000 Combined total value = 7,513,125,000
Strike 1300 has a total call value of 711,875,000 versus a total put value of 5,345,000,000 Combined total value = 6,056,875,000
Strike 1310 has a total call value of 1,432,500,000 versus a total put value of 4,010,000,000 Combined total value = 5,442,500,000
Strike 1320 has a total call value of 2,352,500,000 versus a total put value of 2,770,000,000 Combined total value = 5,122,500,000
Strike 1330 has a total call value of 3,990,625,000 versus a total put value of 1,893,750,000 Combined total value = 5,884,375,000
Strike 1340 has a total call value of 6,678,125,000 versus a total put value of 1,218,750,000 Combined total value = 7,896,875,000
Strike 1350 has a total call value of 10,195,000,000 versus a total put value of 840,000,000 Combined total value = 11,035,000,000
Strike 1360 has a total call value of 14,122,500,000 versus a total put value of 576,875,000 Combined total value = 14,699,375,000
Strike 1370 has a total call value of 20,731,875,000 versus a total put value of 396,875,000 Combined total value = 21,128,750,000
Strike 1380 has a total call value of 27,544,375,000 versus a total put value of 232,500,000 Combined total value = 27,776,875,000
Strike 1390 has a total call value of 35,594,375,000 versus a total put value of 138,125,000 Combined total value = 35,732,500,000
Strike 1400 has a total call value of 43,753,750,000 versus a total put value of 43,750,000 Combined total value = 43,797,500,000
Strike 1410 has a total call value of 53,096,875,000 versus a total put value of 15,000,000 Combined total value = 53,111,875,000
Strike 1420 has a total call value of 62,533,750,000 versus a total put value of 2,500,000 Combined total value = 62,536,250,000
Strike 1430 has a total call value of 72,099,375,000 versus a total put value of 1,875,000 Combined total value = 72,101,250,000
Strike 1440 has a total call value of 81,681,875,000 versus a total put value of 1,250,000 Combined total value = 81,683,125,000
Strike 1450 has a total call value of 91,435,625,000 versus a total put value of 625,000 Combined total value = 91,436,250,000
Strike 1460 has a total call value of 101,212,500,000 versus a total put value of 0 Combined total value = 101,212,500,000
Strike 1470 has a total call value of 111,022,500,000 versus a total put value of 0 Combined total value = 111,022,500,000
Strike 1480 has a total call value of 120,843,125,000 versus a total put value of 0 Combined total value = 120,843,125,000
Strike 1490 has a total call value of 130,695,625,000 versus a total put value of 0 Combined total value = 130,695,625,000
Strike 1500 has a total call value of 140,548,125,000 versus a total put value of 0 Combined total value = 140,548,125,000
Strike 1510 has a total call value of 150,555,000,000 versus a total put value of 0 Combined total value = 150,555,000,000
Strike 1520 has a total call value of 160,561,875,000 versus a total put value of 0 Combined total value = 160,561,875,000
Strike 1530 has a total call value of 170,568,750,000 versus a total put value of 0 Combined total value = 170,568,750,000
Strike 1540 has a total call value of 180,575,625,000 versus a total put value of 0 Combined total value = 180,575,625,000
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.