EICHERMOT
Eicher Motors Limited
Max pain for EICHERMOT
25 Sep 2023 11:24 AM IST
Max Pain for EICHERMOT is 3400
Strike 2600 has a total call value of 0 versus a total put value of 536,970,000 Combined total value = 536,970,000
Strike 2650 has a total call value of 0 versus a total put value of 497,525,000 Combined total value = 497,525,000
Strike 2700 has a total call value of 0 versus a total put value of 458,080,000 Combined total value = 458,080,000
Strike 2750 has a total call value of 0 versus a total put value of 418,827,500 Combined total value = 418,827,500
Strike 2800 has a total call value of 0 versus a total put value of 379,575,000 Combined total value = 379,575,000
Strike 2850 has a total call value of 35,000 versus a total put value of 340,585,000 Combined total value = 340,620,000
Strike 2900 has a total call value of 70,000 versus a total put value of 301,595,000 Combined total value = 301,665,000
Strike 2950 has a total call value of 113,750 versus a total put value of 262,832,500 Combined total value = 262,946,250
Strike 3000 has a total call value of 157,500 versus a total put value of 224,201,250 Combined total value = 224,358,750
Strike 3050 has a total call value of 271,250 versus a total put value of 186,795,000 Combined total value = 187,066,250
Strike 3100 has a total call value of 385,000 versus a total put value of 150,202,500 Combined total value = 150,587,500
Strike 3150 has a total call value of 516,250 versus a total put value of 118,186,250 Combined total value = 118,702,500
Strike 3200 has a total call value of 647,500 versus a total put value of 88,655,000 Combined total value = 89,302,500
Strike 3250 has a total call value of 1,443,750 versus a total put value of 64,776,250 Combined total value = 66,220,000
Strike 3300 has a total call value of 2,467,500 versus a total put value of 43,295,000 Combined total value = 45,762,500
Strike 3350 has a total call value of 4,917,500 versus a total put value of 27,387,500 Combined total value = 32,305,000
Strike 3400 has a total call value of 8,487,500 versus a total put value of 14,805,000 Combined total value = 23,292,500
Strike 3450 has a total call value of 19,328,750 versus a total put value of 8,671,250 Combined total value = 28,000,000
Strike 3500 has a total call value of 43,767,500 versus a total put value of 6,098,750 Combined total value = 49,866,250
Strike 3550 has a total call value of 79,826,250 versus a total put value of 4,173,750 Combined total value = 84,000,000
Strike 3600 has a total call value of 118,772,500 versus a total put value of 2,572,500 Combined total value = 121,345,000
Strike 3650 has a total call value of 167,028,750 versus a total put value of 1,356,250 Combined total value = 168,385,000
Strike 3700 has a total call value of 217,245,000 versus a total put value of 157,500 Combined total value = 217,402,500
Strike 3750 has a total call value of 272,037,500 versus a total put value of 78,750 Combined total value = 272,116,250
Strike 3800 has a total call value of 329,017,500 versus a total put value of 35,000 Combined total value = 329,052,500
Strike 3850 has a total call value of 390,328,750 versus a total put value of 26,250 Combined total value = 390,355,000
Strike 3900 has a total call value of 452,261,250 versus a total put value of 17,500 Combined total value = 452,278,750
Strike 3950 has a total call value of 515,077,500 versus a total put value of 8,750 Combined total value = 515,086,250
Strike 4000 has a total call value of 578,611,250 versus a total put value of 0 Combined total value = 578,611,250
Strike 4050 has a total call value of 644,463,750 versus a total put value of 0 Combined total value = 644,463,750
Strike 4100 has a total call value of 710,316,250 versus a total put value of 0 Combined total value = 710,316,250
Strike 4150 has a total call value of 776,448,750 versus a total put value of 0 Combined total value = 776,448,750
Strike 4200 has a total call value of 842,581,250 versus a total put value of 0 Combined total value = 842,581,250
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.