FEDERALBNK
Federal Bank Ltd
Max pain for FEDERALBNK
16 Sep 2024 04:10 PM IST
Max Pain for FEDERALBNK is 190
Strike 160 has a total call value of 0 versus a total put value of 83,018,750,000 Combined total value = 83,018,750,000
Strike 162.5 has a total call value of 0 versus a total put value of 75,190,000,000 Combined total value = 75,190,000,000
Strike 165 has a total call value of 0 versus a total put value of 67,361,250,000 Combined total value = 67,361,250,000
Strike 167.5 has a total call value of 0 versus a total put value of 59,576,250,000 Combined total value = 59,576,250,000
Strike 170 has a total call value of 0 versus a total put value of 51,791,250,000 Combined total value = 51,791,250,000
Strike 172.5 has a total call value of 32,500,000 versus a total put value of 44,350,000,000 Combined total value = 44,382,500,000
Strike 175 has a total call value of 65,000,000 versus a total put value of 36,997,500,000 Combined total value = 37,062,500,000
Strike 177.5 has a total call value of 113,750,000 versus a total put value of 30,251,250,000 Combined total value = 30,365,000,000
Strike 180 has a total call value of 180,000,000 versus a total put value of 23,887,500,000 Combined total value = 24,067,500,000
Strike 182.5 has a total call value of 672,500,000 versus a total put value of 18,855,000,000 Combined total value = 19,527,500,000
Strike 185 has a total call value of 1,381,250,000 versus a total put value of 14,322,500,000 Combined total value = 15,703,750,000
Strike 187.5 has a total call value of 3,531,250,000 versus a total put value of 10,938,750,000 Combined total value = 14,470,000,000
Strike 190 has a total call value of 6,285,000,000 versus a total put value of 7,897,500,000 Combined total value = 14,182,500,000
Strike 192.5 has a total call value of 12,393,750,000 versus a total put value of 5,813,750,000 Combined total value = 18,207,500,000
Strike 195 has a total call value of 19,002,500,000 versus a total put value of 3,822,500,000 Combined total value = 22,825,000,000
Strike 197.5 has a total call value of 27,678,750,000 versus a total put value of 2,550,000,000 Combined total value = 30,228,750,000
Strike 200 has a total call value of 36,925,000,000 versus a total put value of 1,363,750,000 Combined total value = 38,288,750,000
Strike 202.5 has a total call value of 49,597,500,000 versus a total put value of 918,750,000 Combined total value = 50,516,250,000
Strike 205 has a total call value of 62,657,500,000 versus a total put value of 530,000,000 Combined total value = 63,187,500,000
Strike 207.5 has a total call value of 79,185,000,000 versus a total put value of 337,500,000 Combined total value = 79,522,500,000
Strike 210 has a total call value of 96,137,500,000 versus a total put value of 145,000,000 Combined total value = 96,282,500,000
Strike 212.5 has a total call value of 114,290,000,000 versus a total put value of 108,750,000 Combined total value = 114,398,750,000
Strike 215 has a total call value of 132,625,000,000 versus a total put value of 72,500,000 Combined total value = 132,697,500,000
Strike 217.5 has a total call value of 151,305,000,000 versus a total put value of 36,250,000 Combined total value = 151,341,250,000
Strike 220 has a total call value of 169,985,000,000 versus a total put value of 0 Combined total value = 169,985,000,000
Strike 222.5 has a total call value of 189,343,750,000 versus a total put value of 0 Combined total value = 189,343,750,000
Strike 225 has a total call value of 208,702,500,000 versus a total put value of 0 Combined total value = 208,702,500,000
Strike 227.5 has a total call value of 228,241,250,000 versus a total put value of 0 Combined total value = 228,241,250,000
Strike 230 has a total call value of 247,780,000,000 versus a total put value of 0 Combined total value = 247,780,000,000
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.