GAIL
Gail (india) Ltd
Max pain for GAIL
29 Oct 2024 04:11 PM IST
Max Pain for GAIL is 220
Strike 180 has a total call value of 0 versus a total put value of 93,561,037,500 Combined total value = 93,561,037,500
Strike 182.5 has a total call value of 0 versus a total put value of 87,492,300,000 Combined total value = 87,492,300,000
Strike 185 has a total call value of 0 versus a total put value of 81,423,562,500 Combined total value = 81,423,562,500
Strike 187.5 has a total call value of 0 versus a total put value of 75,436,031,250 Combined total value = 75,436,031,250
Strike 190 has a total call value of 0 versus a total put value of 69,448,500,000 Combined total value = 69,448,500,000
Strike 192.5 has a total call value of 27,450,000 versus a total put value of 63,695,437,500 Combined total value = 63,722,887,500
Strike 195 has a total call value of 58,331,250 versus a total put value of 58,023,581,250 Combined total value = 58,081,912,500
Strike 197.5 has a total call value of 116,662,500 versus a total put value of 52,627,368,750 Combined total value = 52,744,031,250
Strike 200 has a total call value of 216,168,750 versus a total put value of 47,363,831,250 Combined total value = 47,580,000,000
Strike 202.5 has a total call value of 443,775,000 versus a total put value of 42,571,518,750 Combined total value = 43,015,293,750
Strike 205 has a total call value of 754,875,000 versus a total put value of 37,942,762,500 Combined total value = 38,697,637,500
Strike 207.5 has a total call value of 1,402,237,500 versus a total put value of 33,639,975,000 Combined total value = 35,042,212,500
Strike 210 has a total call value of 2,270,343,750 versus a total put value of 29,459,568,750 Combined total value = 31,729,912,500
Strike 212.5 has a total call value of 3,875,025,000 versus a total put value of 25,737,806,250 Combined total value = 29,612,831,250
Strike 215 has a total call value of 5,717,606,250 versus a total put value of 22,187,606,250 Combined total value = 27,905,212,500
Strike 217.5 has a total call value of 8,080,593,750 versus a total put value of 18,989,681,250 Combined total value = 27,070,275,000
Strike 220 has a total call value of 10,672,331,250 versus a total put value of 15,874,106,250 Combined total value = 26,546,437,500
Strike 222.5 has a total call value of 14,004,075,000 versus a total put value of 13,147,406,250 Combined total value = 27,151,481,250
Strike 225 has a total call value of 17,549,700,000 versus a total put value of 10,619,718,750 Combined total value = 28,169,418,750
Strike 227.5 has a total call value of 21,736,968,750 versus a total put value of 8,427,150,000 Combined total value = 30,164,118,750
Strike 230 has a total call value of 26,108,381,250 versus a total put value of 6,340,950,000 Combined total value = 32,449,331,250
Strike 232.5 has a total call value of 31,629,262,500 versus a total put value of 4,812,900,000 Combined total value = 36,442,162,500
Strike 235 has a total call value of 37,370,887,500 versus a total put value of 3,465,562,500 Combined total value = 40,836,450,000
Strike 237.5 has a total call value of 43,942,875,000 versus a total put value of 2,390,437,500 Combined total value = 46,333,312,500
Strike 240 has a total call value of 50,636,100,000 versus a total put value of 1,425,112,500 Combined total value = 52,061,212,500
Strike 242.5 has a total call value of 58,470,787,500 versus a total put value of 952,743,750 Combined total value = 59,423,531,250
Strike 245 has a total call value of 66,534,225,000 versus a total put value of 480,375,000 Combined total value = 67,014,600,000
Strike 247.5 has a total call value of 75,385,706,250 versus a total put value of 263,062,500 Combined total value = 75,648,768,750
Strike 250 has a total call value of 84,237,187,500 versus a total put value of 45,750,000 Combined total value = 84,282,937,500
Strike 252.5 has a total call value of 94,124,906,250 versus a total put value of 41,175,000 Combined total value = 94,166,081,250
Strike 255 has a total call value of 104,053,800,000 versus a total put value of 36,600,000 Combined total value = 104,090,400,000
Strike 257.5 has a total call value of 114,171,412,500 versus a total put value of 32,025,000 Combined total value = 114,203,437,500
Strike 260 has a total call value of 124,332,487,500 versus a total put value of 27,450,000 Combined total value = 124,359,937,500
Strike 262.5 has a total call value of 134,873,287,500 versus a total put value of 22,875,000 Combined total value = 134,896,162,500
Strike 265 has a total call value of 145,414,087,500 versus a total put value of 18,300,000 Combined total value = 145,432,387,500
Strike 267.5 has a total call value of 156,112,725,000 versus a total put value of 13,725,000 Combined total value = 156,126,450,000
Strike 270 has a total call value of 166,811,362,500 versus a total put value of 9,150,000 Combined total value = 166,820,512,500
Strike 272.5 has a total call value of 177,898,875,000 versus a total put value of 4,575,000 Combined total value = 177,903,450,000
Strike 275 has a total call value of 188,986,387,500 versus a total put value of 0 Combined total value = 188,986,387,500
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.