FEDERALBNK
Federal Bank Ltd
Max pain for FEDERALBNK
18 Oct 2024 02:10 PM IST
Max Pain for FEDERALBNK is 195
Strike 160 has a total call value of 0 versus a total put value of 99,167,500,000 Combined total value = 99,167,500,000
Strike 162.5 has a total call value of 1,250,000 versus a total put value of 90,430,000,000 Combined total value = 90,431,250,000
Strike 165 has a total call value of 2,500,000 versus a total put value of 81,692,500,000 Combined total value = 81,695,000,000
Strike 167.5 has a total call value of 3,750,000 versus a total put value of 73,045,000,000 Combined total value = 73,048,750,000
Strike 170 has a total call value of 5,000,000 versus a total put value of 64,397,500,000 Combined total value = 64,402,500,000
Strike 172.5 has a total call value of 6,250,000 versus a total put value of 56,051,250,000 Combined total value = 56,057,500,000
Strike 175 has a total call value of 7,500,000 versus a total put value of 47,785,000,000 Combined total value = 47,792,500,000
Strike 177.5 has a total call value of 38,750,000 versus a total put value of 40,017,500,000 Combined total value = 40,056,250,000
Strike 180 has a total call value of 140,000,000 versus a total put value of 32,416,250,000 Combined total value = 32,556,250,000
Strike 182.5 has a total call value of 426,250,000 versus a total put value of 25,908,750,000 Combined total value = 26,335,000,000
Strike 185 has a total call value of 793,750,000 versus a total put value of 19,725,000,000 Combined total value = 20,518,750,000
Strike 187.5 has a total call value of 1,437,500,000 versus a total put value of 15,033,750,000 Combined total value = 16,471,250,000
Strike 190 has a total call value of 2,371,250,000 versus a total put value of 10,773,750,000 Combined total value = 13,145,000,000
Strike 192.5 has a total call value of 4,235,000,000 versus a total put value of 7,601,250,000 Combined total value = 11,836,250,000
Strike 195 has a total call value of 6,363,750,000 versus a total put value of 4,753,750,000 Combined total value = 11,117,500,000
Strike 197.5 has a total call value of 9,777,500,000 versus a total put value of 2,992,500,000 Combined total value = 12,770,000,000
Strike 200 has a total call value of 13,712,500,000 versus a total put value of 1,477,500,000 Combined total value = 15,190,000,000
Strike 202.5 has a total call value of 20,882,500,000 versus a total put value of 961,250,000 Combined total value = 21,843,750,000
Strike 205 has a total call value of 28,353,750,000 versus a total put value of 535,000,000 Combined total value = 28,888,750,000
Strike 207.5 has a total call value of 37,272,500,000 versus a total put value of 261,250,000 Combined total value = 37,533,750,000
Strike 210 has a total call value of 46,443,750,000 versus a total put value of 30,000,000 Combined total value = 46,473,750,000
Strike 212.5 has a total call value of 57,026,250,000 versus a total put value of 15,000,000 Combined total value = 57,041,250,000
Strike 215 has a total call value of 67,720,000,000 versus a total put value of 0 Combined total value = 67,720,000,000
Strike 217.5 has a total call value of 78,771,250,000 versus a total put value of 0 Combined total value = 78,771,250,000
Strike 220 has a total call value of 90,035,000,000 versus a total put value of 0 Combined total value = 90,035,000,000
Strike 222.5 has a total call value of 101,893,750,000 versus a total put value of 0 Combined total value = 101,893,750,000
Strike 225 has a total call value of 113,752,500,000 versus a total put value of 0 Combined total value = 113,752,500,000
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.
