FEDERALBNK
FEDERAL BANK LTD
Max pain for FEDERALBNK
02 Jul 2024 10:40 AM IST
Max Pain for FEDERALBNK is 178
Strike 140 has a total call value of 0 versus a total put value of 61,089,000,000 Combined total value = 61,089,000,000
Strike 141 has a total call value of 0 versus a total put value of 59,136,000,000 Combined total value = 59,136,000,000
Strike 142 has a total call value of 0 versus a total put value of 57,183,000,000 Combined total value = 57,183,000,000
Strike 142.5 has a total call value of 0 versus a total put value of 56,206,500,000 Combined total value = 56,206,500,000
Strike 143 has a total call value of 0 versus a total put value of 55,230,000,000 Combined total value = 55,230,000,000
Strike 144 has a total call value of 0 versus a total put value of 53,277,000,000 Combined total value = 53,277,000,000
Strike 145 has a total call value of 0 versus a total put value of 51,324,000,000 Combined total value = 51,324,000,000
Strike 146 has a total call value of 0 versus a total put value of 49,371,000,000 Combined total value = 49,371,000,000
Strike 147 has a total call value of 0 versus a total put value of 47,418,000,000 Combined total value = 47,418,000,000
Strike 147.5 has a total call value of 0 versus a total put value of 46,441,500,000 Combined total value = 46,441,500,000
Strike 148 has a total call value of 0 versus a total put value of 45,465,000,000 Combined total value = 45,465,000,000
Strike 149 has a total call value of 0 versus a total put value of 43,512,000,000 Combined total value = 43,512,000,000
Strike 150 has a total call value of 0 versus a total put value of 41,559,000,000 Combined total value = 41,559,000,000
Strike 151 has a total call value of 0 versus a total put value of 39,696,500,000 Combined total value = 39,696,500,000
Strike 152 has a total call value of 0 versus a total put value of 37,834,000,000 Combined total value = 37,834,000,000
Strike 152.5 has a total call value of 0 versus a total put value of 36,902,750,000 Combined total value = 36,902,750,000
Strike 153 has a total call value of 0 versus a total put value of 35,971,500,000 Combined total value = 35,971,500,000
Strike 154 has a total call value of 0 versus a total put value of 34,109,000,000 Combined total value = 34,109,000,000
Strike 155 has a total call value of 0 versus a total put value of 32,246,500,000 Combined total value = 32,246,500,000
Strike 156 has a total call value of 0 versus a total put value of 30,417,500,000 Combined total value = 30,417,500,000
Strike 157 has a total call value of 0 versus a total put value of 28,588,500,000 Combined total value = 28,588,500,000
Strike 157.5 has a total call value of 0 versus a total put value of 27,674,000,000 Combined total value = 27,674,000,000
Strike 158 has a total call value of 0 versus a total put value of 26,759,500,000 Combined total value = 26,759,500,000
Strike 159 has a total call value of 0 versus a total put value of 24,930,500,000 Combined total value = 24,930,500,000
Strike 160 has a total call value of 0 versus a total put value of 23,101,500,000 Combined total value = 23,101,500,000
Strike 161 has a total call value of 40,500,000 versus a total put value of 21,455,000,000 Combined total value = 21,495,500,000
Strike 162 has a total call value of 81,000,000 versus a total put value of 19,814,500,000 Combined total value = 19,895,500,000
Strike 162.5 has a total call value of 101,250,000 versus a total put value of 18,994,250,000 Combined total value = 19,095,500,000
Strike 163 has a total call value of 121,500,000 versus a total put value of 18,179,250,000 Combined total value = 18,300,750,000
Strike 164 has a total call value of 162,000,000 versus a total put value of 16,560,750,000 Combined total value = 16,722,750,000
Strike 165 has a total call value of 202,500,000 versus a total put value of 14,953,250,000 Combined total value = 15,155,750,000
Strike 166 has a total call value of 243,000,000 versus a total put value of 13,590,750,000 Combined total value = 13,833,750,000
Strike 167 has a total call value of 283,500,000 versus a total put value of 12,231,250,000 Combined total value = 12,514,750,000
Strike 167.5 has a total call value of 303,750,000 versus a total put value of 11,554,000,000 Combined total value = 11,857,750,000
Strike 168 has a total call value of 324,000,000 versus a total put value of 10,882,750,000 Combined total value = 11,206,750,000
Strike 169 has a total call value of 364,500,000 versus a total put value of 9,575,750,000 Combined total value = 9,940,250,000
Strike 170 has a total call value of 409,000,000 versus a total put value of 8,298,250,000 Combined total value = 8,707,250,000
Strike 171 has a total call value of 573,500,000 versus a total put value of 7,369,750,000 Combined total value = 7,943,250,000
Strike 172 has a total call value of 742,000,000 versus a total put value of 6,455,750,000 Combined total value = 7,197,750,000
Strike 172.5 has a total call value of 829,250,000 versus a total put value of 6,013,000,000 Combined total value = 6,842,250,000
Strike 173 has a total call value of 918,750,000 versus a total put value of 5,576,250,000 Combined total value = 6,495,000,000
Strike 174 has a total call value of 1,102,750,000 versus a total put value of 4,723,250,000 Combined total value = 5,826,000,000
Strike 175 has a total call value of 1,295,250,000 versus a total put value of 3,903,250,000 Combined total value = 5,198,500,000
Strike 176 has a total call value of 1,676,750,000 versus a total put value of 3,230,250,000 Combined total value = 4,907,000,000
Strike 177 has a total call value of 2,090,250,000 versus a total put value of 2,604,250,000 Combined total value = 4,694,500,000
Strike 177.5 has a total call value of 2,330,250,000 versus a total put value of 2,309,500,000 Combined total value = 4,639,750,000
Strike 178 has a total call value of 2,582,250,000 versus a total put value of 2,028,250,000 Combined total value = 4,610,500,000
Strike 179 has a total call value of 3,210,250,000 versus a total put value of 1,575,250,000 Combined total value = 4,785,500,000
Strike 180 has a total call value of 3,903,750,000 versus a total put value of 1,175,750,000 Combined total value = 5,079,500,000
Strike 181 has a total call value of 5,226,250,000 versus a total put value of 988,750,000 Combined total value = 6,215,000,000
Strike 182 has a total call value of 6,583,750,000 versus a total put value of 821,250,000 Combined total value = 7,405,000,000
Strike 182.5 has a total call value of 7,278,250,000 versus a total put value of 745,250,000 Combined total value = 8,023,500,000
Strike 183 has a total call value of 7,983,750,000 versus a total put value of 674,000,000 Combined total value = 8,657,750,000
Strike 184 has a total call value of 9,413,750,000 versus a total put value of 544,000,000 Combined total value = 9,957,750,000
Strike 185 has a total call value of 10,862,750,000 versus a total put value of 422,000,000 Combined total value = 11,284,750,000
Strike 186 has a total call value of 12,670,750,000 versus a total put value of 329,500,000 Combined total value = 13,000,250,000
Strike 187 has a total call value of 14,495,750,000 versus a total put value of 244,500,000 Combined total value = 14,740,250,000
Strike 187.5 has a total call value of 15,417,000,000 versus a total put value of 203,750,000 Combined total value = 15,620,750,000
Strike 188 has a total call value of 16,343,000,000 versus a total put value of 163,000,000 Combined total value = 16,506,000,000
Strike 189 has a total call value of 18,207,000,000 versus a total put value of 81,500,000 Combined total value = 18,288,500,000
Strike 190 has a total call value of 20,076,000,000 versus a total put value of 0 Combined total value = 20,076,000,000
Strike 191 has a total call value of 22,546,500,000 versus a total put value of 0 Combined total value = 22,546,500,000
Strike 192 has a total call value of 25,038,500,000 versus a total put value of 0 Combined total value = 25,038,500,000
Strike 192.5 has a total call value of 26,290,750,000 versus a total put value of 0 Combined total value = 26,290,750,000
Strike 193 has a total call value of 27,551,250,000 versus a total put value of 0 Combined total value = 27,551,250,000
Strike 194 has a total call value of 30,072,250,000 versus a total put value of 0 Combined total value = 30,072,250,000
Strike 195 has a total call value of 32,626,750,000 versus a total put value of 0 Combined total value = 32,626,750,000
Strike 196 has a total call value of 35,263,750,000 versus a total put value of 0 Combined total value = 35,263,750,000
Strike 197 has a total call value of 37,977,750,000 versus a total put value of 0 Combined total value = 37,977,750,000
Strike 197.5 has a total call value of 39,334,750,000 versus a total put value of 0 Combined total value = 39,334,750,000
Strike 198 has a total call value of 40,691,750,000 versus a total put value of 0 Combined total value = 40,691,750,000
Strike 199 has a total call value of 43,435,750,000 versus a total put value of 0 Combined total value = 43,435,750,000
Strike 200 has a total call value of 46,179,750,000 versus a total put value of 0 Combined total value = 46,179,750,000
Strike 201 has a total call value of 49,316,750,000 versus a total put value of 0 Combined total value = 49,316,750,000
Strike 202.5 has a total call value of 54,022,250,000 versus a total put value of 0 Combined total value = 54,022,250,000
Strike 203 has a total call value of 55,590,750,000 versus a total put value of 0 Combined total value = 55,590,750,000
Strike 204 has a total call value of 58,727,750,000 versus a total put value of 0 Combined total value = 58,727,750,000
Strike 205 has a total call value of 61,864,750,000 versus a total put value of 0 Combined total value = 61,864,750,000
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.