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GAIL
GAIL (India) Limited

120.85 -0.80 (-0.66%)


Strike  87  has a total call value of 0  versus a total put value of  1,625,973,300 Combined total value = 1,625,973,300

Strike  88  has a total call value of 0  versus a total put value of  1,572,994,800 Combined total value = 1,572,994,800

Strike  89  has a total call value of 0  versus a total put value of  1,520,016,300 Combined total value = 1,520,016,300

Strike  90  has a total call value of 0  versus a total put value of  1,467,037,800 Combined total value = 1,467,037,800

Strike  91  has a total call value of 0  versus a total put value of  1,414,306,350 Combined total value = 1,414,306,350

Strike  92  has a total call value of 0  versus a total put value of  1,361,574,900 Combined total value = 1,361,574,900

Strike  93  has a total call value of 0  versus a total put value of  1,308,843,450 Combined total value = 1,308,843,450

Strike  94  has a total call value of 0  versus a total put value of  1,256,112,000 Combined total value = 1,256,112,000

Strike  95  has a total call value of 0  versus a total put value of  1,203,380,550 Combined total value = 1,203,380,550

Strike  96  has a total call value of 0  versus a total put value of  1,150,722,300 Combined total value = 1,150,722,300

Strike  97  has a total call value of 0  versus a total put value of  1,098,201,300 Combined total value = 1,098,201,300

Strike  98  has a total call value of 0  versus a total put value of  1,045,680,300 Combined total value = 1,045,680,300

Strike  99  has a total call value of 0  versus a total put value of  993,324,000 Combined total value = 993,324,000

Strike  100  has a total call value of 0  versus a total put value of  941,132,400 Combined total value = 941,132,400

Strike  101  has a total call value of 54,900  versus a total put value of  890,258,400 Combined total value = 890,313,300

Strike  102  has a total call value of 109,800  versus a total put value of  839,393,550 Combined total value = 839,503,350

Strike  103  has a total call value of 164,700  versus a total put value of  788,537,850 Combined total value = 788,702,550

Strike  104  has a total call value of 219,600  versus a total put value of  737,691,300 Combined total value = 737,910,900

Strike  105  has a total call value of 274,500  versus a total put value of  687,274,800 Combined total value = 687,549,300

Strike  106  has a total call value of 366,000  versus a total put value of  638,642,550 Combined total value = 639,008,550

Strike  107  has a total call value of 457,500  versus a total put value of  590,184,150 Combined total value = 590,641,650

Strike  108  has a total call value of 558,150  versus a total put value of  542,046,000 Combined total value = 542,604,150

Strike  109  has a total call value of 658,800  versus a total put value of  494,877,750 Combined total value = 495,536,550

Strike  110  has a total call value of 759,450  versus a total put value of  448,496,400 Combined total value = 449,255,850

Strike  111  has a total call value of 1,271,850  versus a total put value of  407,696,550 Combined total value = 408,968,400

Strike  112  has a total call value of 1,784,250  versus a total put value of  367,281,000 Combined total value = 369,065,250

Strike  113  has a total call value of 2,324,100  versus a total put value of  328,201,350 Combined total value = 330,525,450

Strike  114  has a total call value of 2,891,400  versus a total put value of  289,807,950 Combined total value = 292,699,350

Strike  115  has a total call value of 3,495,300  versus a total put value of  252,219,750 Combined total value = 255,715,050

Strike  116  has a total call value of 5,032,500  versus a total put value of  219,142,500 Combined total value = 224,175,000

Strike  117  has a total call value of 6,771,000  versus a total put value of  187,053,450 Combined total value = 193,824,450

Strike  118  has a total call value of 9,003,600  versus a total put value of  156,034,950 Combined total value = 165,038,550

Strike  119  has a total call value of 12,013,950  versus a total put value of  128,017,650 Combined total value = 140,031,600

Strike  120  has a total call value of 15,683,100  versus a total put value of  101,317,950 Combined total value = 117,001,050

Strike  121  has a total call value of 22,243,650  versus a total put value of  83,621,850 Combined total value = 105,865,500

Strike  122  has a total call value of 30,158,400  versus a total put value of  67,389,750 Combined total value = 97,548,150

Strike  123  has a total call value of 40,351,500  versus a total put value of  53,198,100 Combined total value = 93,549,600

Strike  124  has a total call value of 53,005,950  versus a total put value of  40,690,050 Combined total value = 93,696,000

Strike  125  has a total call value of 68,625,000  versus a total put value of  29,261,700 Combined total value = 97,886,700

Strike  126  has a total call value of 101,272,200  versus a total put value of  22,106,400 Combined total value = 123,378,600

Strike  127  has a total call value of 137,789,850  versus a total put value of  16,012,500 Combined total value = 153,802,350

Strike  128  has a total call value of 178,543,950  versus a total put value of  11,217,900 Combined total value = 189,761,850

Strike  129  has a total call value of 222,564,600  versus a total put value of  7,054,650 Combined total value = 229,619,250

Strike  130  has a total call value of 268,598,250  versus a total put value of  3,870,450 Combined total value = 272,468,700

Strike  131  has a total call value of 332,364,600  versus a total put value of  2,827,350 Combined total value = 335,191,950

Strike  132  has a total call value of 397,384,500  versus a total put value of  1,903,200 Combined total value = 399,287,700

Strike  133  has a total call value of 464,325,900  versus a total put value of  1,271,850 Combined total value = 465,597,750

Strike  134  has a total call value of 531,999,300  versus a total put value of  759,450 Combined total value = 532,758,750

Strike  135  has a total call value of 600,459,600  versus a total put value of  402,600 Combined total value = 600,862,200

Strike  136  has a total call value of 675,288,300  versus a total put value of  228,750 Combined total value = 675,517,050

Strike  137  has a total call value of 750,967,950  versus a total put value of  128,100 Combined total value = 751,096,050

Strike  138  has a total call value of 828,541,650  versus a total put value of  82,350 Combined total value = 828,624,000

Strike  139  has a total call value of 907,378,050  versus a total put value of  45,750 Combined total value = 907,423,800

Strike  140  has a total call value of 986,580,450  versus a total put value of  18,300 Combined total value = 986,598,750

Strike  141  has a total call value of 1,072,508,100  versus a total put value of  9,150 Combined total value = 1,072,517,250

Strike  142  has a total call value of 1,158,838,350  versus a total put value of  0 Combined total value = 1,158,838,350

Strike  143  has a total call value of 1,245,626,100  versus a total put value of  0 Combined total value = 1,245,626,100

Strike  144  has a total call value of 1,333,100,100  versus a total put value of  0 Combined total value = 1,333,100,100

Strike  145  has a total call value of 1,420,693,050  versus a total put value of  0 Combined total value = 1,420,693,050

Strike  146  has a total call value of 1,509,502,950  versus a total put value of  0 Combined total value = 1,509,502,950

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.