EXIDEIND
Exide Industries Ltd
Max pain for EXIDEIND
16 Sep 2024 04:12 PM IST
Max Pain for EXIDEIND is 490
Strike 400 has a total call value of 0 versus a total put value of 72,615,600,000 Combined total value = 72,615,600,000
Strike 410 has a total call value of 0 versus a total put value of 64,047,600,000 Combined total value = 64,047,600,000
Strike 420 has a total call value of 0 versus a total put value of 55,479,600,000 Combined total value = 55,479,600,000
Strike 430 has a total call value of 0 versus a total put value of 47,075,400,000 Combined total value = 47,075,400,000
Strike 440 has a total call value of 0 versus a total put value of 38,939,400,000 Combined total value = 38,939,400,000
Strike 450 has a total call value of 9,000,000 versus a total put value of 31,161,600,000 Combined total value = 31,170,600,000
Strike 460 has a total call value of 54,000,000 versus a total put value of 24,087,600,000 Combined total value = 24,141,600,000
Strike 470 has a total call value of 192,600,000 versus a total put value of 17,931,600,000 Combined total value = 18,124,200,000
Strike 480 has a total call value of 572,400,000 versus a total put value of 12,670,200,000 Combined total value = 13,242,600,000
Strike 490 has a total call value of 2,021,400,000 versus a total put value of 8,780,400,000 Combined total value = 10,801,800,000
Strike 500 has a total call value of 5,394,600,000 versus a total put value of 5,664,600,000 Combined total value = 11,059,200,000
Strike 510 has a total call value of 13,388,400,000 versus a total put value of 3,862,800,000 Combined total value = 17,251,200,000
Strike 520 has a total call value of 23,070,600,000 versus a total put value of 2,453,400,000 Combined total value = 25,524,000,000
Strike 530 has a total call value of 34,268,400,000 versus a total put value of 1,452,600,000 Combined total value = 35,721,000,000
Strike 540 has a total call value of 46,724,400,000 versus a total put value of 678,600,000 Combined total value = 47,403,000,000
Strike 550 has a total call value of 60,084,000,000 versus a total put value of 133,200,000 Combined total value = 60,217,200,000
Strike 560 has a total call value of 75,087,000,000 versus a total put value of 0 Combined total value = 75,087,000,000
Strike 570 has a total call value of 90,608,400,000 versus a total put value of 0 Combined total value = 90,608,400,000
Strike 580 has a total call value of 106,403,400,000 versus a total put value of 0 Combined total value = 106,403,400,000
Strike 590 has a total call value of 122,409,000,000 versus a total put value of 0 Combined total value = 122,409,000,000
Strike 600 has a total call value of 138,450,600,000 versus a total put value of 0 Combined total value = 138,450,600,000
Strike 610 has a total call value of 155,104,200,000 versus a total put value of 0 Combined total value = 155,104,200,000
Strike 620 has a total call value of 171,757,800,000 versus a total put value of 0 Combined total value = 171,757,800,000
Strike 630 has a total call value of 188,411,400,000 versus a total put value of 0 Combined total value = 188,411,400,000
Strike 640 has a total call value of 205,065,000,000 versus a total put value of 0 Combined total value = 205,065,000,000
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.