FEDERALBNK
FEDERAL BANK LTD
Max pain for FEDERALBNK
28 Jun 2024 04:10 PM IST
Max Pain for FEDERALBNK is 178
Strike 140 has a total call value of 0 versus a total put value of 50,116,250,000 Combined total value = 50,116,250,000
Strike 141 has a total call value of 0 versus a total put value of 48,508,750,000 Combined total value = 48,508,750,000
Strike 142 has a total call value of 0 versus a total put value of 46,901,250,000 Combined total value = 46,901,250,000
Strike 142.5 has a total call value of 0 versus a total put value of 46,097,500,000 Combined total value = 46,097,500,000
Strike 143 has a total call value of 0 versus a total put value of 45,293,750,000 Combined total value = 45,293,750,000
Strike 144 has a total call value of 0 versus a total put value of 43,686,250,000 Combined total value = 43,686,250,000
Strike 145 has a total call value of 0 versus a total put value of 42,078,750,000 Combined total value = 42,078,750,000
Strike 146 has a total call value of 0 versus a total put value of 40,471,250,000 Combined total value = 40,471,250,000
Strike 147 has a total call value of 0 versus a total put value of 38,863,750,000 Combined total value = 38,863,750,000
Strike 147.5 has a total call value of 0 versus a total put value of 38,060,000,000 Combined total value = 38,060,000,000
Strike 148 has a total call value of 0 versus a total put value of 37,256,250,000 Combined total value = 37,256,250,000
Strike 149 has a total call value of 0 versus a total put value of 35,648,750,000 Combined total value = 35,648,750,000
Strike 150 has a total call value of 0 versus a total put value of 34,041,250,000 Combined total value = 34,041,250,000
Strike 151 has a total call value of 10,500,000 versus a total put value of 32,512,250,000 Combined total value = 32,522,750,000
Strike 152 has a total call value of 21,000,000 versus a total put value of 30,983,250,000 Combined total value = 31,004,250,000
Strike 152.5 has a total call value of 26,250,000 versus a total put value of 30,218,750,000 Combined total value = 30,245,000,000
Strike 153 has a total call value of 31,500,000 versus a total put value of 29,454,250,000 Combined total value = 29,485,750,000
Strike 154 has a total call value of 42,000,000 versus a total put value of 27,925,250,000 Combined total value = 27,967,250,000
Strike 155 has a total call value of 52,500,000 versus a total put value of 26,396,250,000 Combined total value = 26,448,750,000
Strike 156 has a total call value of 63,000,000 versus a total put value of 24,890,250,000 Combined total value = 24,953,250,000
Strike 157 has a total call value of 73,500,000 versus a total put value of 23,384,250,000 Combined total value = 23,457,750,000
Strike 157.5 has a total call value of 78,750,000 versus a total put value of 22,635,500,000 Combined total value = 22,714,250,000
Strike 158 has a total call value of 84,000,000 versus a total put value of 21,886,750,000 Combined total value = 21,970,750,000
Strike 159 has a total call value of 94,500,000 versus a total put value of 20,403,250,000 Combined total value = 20,497,750,000
Strike 160 has a total call value of 105,000,000 versus a total put value of 18,927,750,000 Combined total value = 19,032,750,000
Strike 161 has a total call value of 158,500,000 versus a total put value of 17,601,250,000 Combined total value = 17,759,750,000
Strike 162 has a total call value of 212,000,000 versus a total put value of 16,279,250,000 Combined total value = 16,491,250,000
Strike 162.5 has a total call value of 238,750,000 versus a total put value of 15,624,750,000 Combined total value = 15,863,500,000
Strike 163 has a total call value of 265,500,000 versus a total put value of 14,970,250,000 Combined total value = 15,235,750,000
Strike 164 has a total call value of 319,000,000 versus a total put value of 13,667,250,000 Combined total value = 13,986,250,000
Strike 165 has a total call value of 372,500,000 versus a total put value of 12,372,750,000 Combined total value = 12,745,250,000
Strike 166 has a total call value of 427,500,000 versus a total put value of 11,267,750,000 Combined total value = 11,695,250,000
Strike 167 has a total call value of 482,500,000 versus a total put value of 10,164,250,000 Combined total value = 10,646,750,000
Strike 167.5 has a total call value of 510,000,000 versus a total put value of 9,615,000,000 Combined total value = 10,125,000,000
Strike 168 has a total call value of 537,500,000 versus a total put value of 9,068,250,000 Combined total value = 9,605,750,000
Strike 169 has a total call value of 599,000,000 versus a total put value of 7,993,750,000 Combined total value = 8,592,750,000
Strike 170 has a total call value of 661,500,000 versus a total put value of 6,927,750,000 Combined total value = 7,589,250,000
Strike 171 has a total call value of 840,500,000 versus a total put value of 6,156,250,000 Combined total value = 6,996,750,000
Strike 172 has a total call value of 1,020,000,000 versus a total put value of 5,395,750,000 Combined total value = 6,415,750,000
Strike 172.5 has a total call value of 1,111,000,000 versus a total put value of 5,027,750,000 Combined total value = 6,138,750,000
Strike 173 has a total call value of 1,204,500,000 versus a total put value of 4,662,000,000 Combined total value = 5,866,500,000
Strike 174 has a total call value of 1,395,500,000 versus a total put value of 3,951,500,000 Combined total value = 5,347,000,000
Strike 175 has a total call value of 1,591,000,000 versus a total put value of 3,257,500,000 Combined total value = 4,848,500,000
Strike 176 has a total call value of 1,939,500,000 versus a total put value of 2,701,000,000 Combined total value = 4,640,500,000
Strike 177 has a total call value of 2,315,000,000 versus a total put value of 2,194,000,000 Combined total value = 4,509,000,000
Strike 177.5 has a total call value of 2,529,000,000 versus a total put value of 1,959,250,000 Combined total value = 4,488,250,000
Strike 178 has a total call value of 2,748,000,000 versus a total put value of 1,735,250,000 Combined total value = 4,483,250,000
Strike 179 has a total call value of 3,274,500,000 versus a total put value of 1,378,750,000 Combined total value = 4,653,250,000
Strike 180 has a total call value of 3,842,500,000 versus a total put value of 1,063,250,000 Combined total value = 4,905,750,000
Strike 181 has a total call value of 4,945,500,000 versus a total put value of 911,750,000 Combined total value = 5,857,250,000
Strike 182 has a total call value of 6,068,500,000 versus a total put value of 770,250,000 Combined total value = 6,838,750,000
Strike 182.5 has a total call value of 6,641,500,000 versus a total put value of 703,250,000 Combined total value = 7,344,750,000
Strike 183 has a total call value of 7,220,250,000 versus a total put value of 640,750,000 Combined total value = 7,861,000,000
Strike 184 has a total call value of 8,392,750,000 versus a total put value of 522,750,000 Combined total value = 8,915,500,000
Strike 185 has a total call value of 9,578,750,000 versus a total put value of 408,750,000 Combined total value = 9,987,500,000
Strike 186 has a total call value of 11,076,750,000 versus a total put value of 321,750,000 Combined total value = 11,398,500,000
Strike 187 has a total call value of 12,584,250,000 versus a total put value of 239,250,000 Combined total value = 12,823,500,000
Strike 187.5 has a total call value of 13,344,750,000 versus a total put value of 198,750,000 Combined total value = 13,543,500,000
Strike 188 has a total call value of 14,107,250,000 versus a total put value of 159,000,000 Combined total value = 14,266,250,000
Strike 189 has a total call value of 15,640,750,000 versus a total put value of 79,500,000 Combined total value = 15,720,250,000
Strike 190 has a total call value of 17,179,250,000 versus a total put value of 0 Combined total value = 17,179,250,000
Strike 191 has a total call value of 19,225,250,000 versus a total put value of 0 Combined total value = 19,225,250,000
Strike 192 has a total call value of 21,288,250,000 versus a total put value of 0 Combined total value = 21,288,250,000
Strike 192.5 has a total call value of 22,327,250,000 versus a total put value of 0 Combined total value = 22,327,250,000
Strike 193 has a total call value of 23,368,250,000 versus a total put value of 0 Combined total value = 23,368,250,000
Strike 194 has a total call value of 25,450,250,000 versus a total put value of 0 Combined total value = 25,450,250,000
Strike 195 has a total call value of 27,557,750,000 versus a total put value of 0 Combined total value = 27,557,750,000
Strike 196 has a total call value of 29,690,250,000 versus a total put value of 0 Combined total value = 29,690,250,000
Strike 197 has a total call value of 31,888,750,000 versus a total put value of 0 Combined total value = 31,888,750,000
Strike 197.5 has a total call value of 32,988,000,000 versus a total put value of 0 Combined total value = 32,988,000,000
Strike 198 has a total call value of 34,087,250,000 versus a total put value of 0 Combined total value = 34,087,250,000
Strike 199 has a total call value of 36,302,250,000 versus a total put value of 0 Combined total value = 36,302,250,000
Strike 200 has a total call value of 38,517,250,000 versus a total put value of 0 Combined total value = 38,517,250,000
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.