GAIL
GAIL (INDIA) LTD
Max pain for GAIL
19 Mar 2024 03:47 PM IST
Max Pain for GAIL is 179.5
Strike 128.5 has a total call value of 0 versus a total put value of 127,468,192,500 Combined total value = 127,468,192,500
Strike 129.5 has a total call value of 915,000 versus a total put value of 124,584,570,000 Combined total value = 124,585,485,000
Strike 130 has a total call value of 1,372,500 versus a total put value of 123,142,758,750 Combined total value = 123,144,131,250
Strike 130.5 has a total call value of 1,830,000 versus a total put value of 121,700,947,500 Combined total value = 121,702,777,500
Strike 131.5 has a total call value of 2,745,000 versus a total put value of 118,817,325,000 Combined total value = 118,820,070,000
Strike 132.5 has a total call value of 3,660,000 versus a total put value of 115,933,702,500 Combined total value = 115,937,362,500
Strike 133.5 has a total call value of 4,575,000 versus a total put value of 113,050,080,000 Combined total value = 113,054,655,000
Strike 134.5 has a total call value of 5,490,000 versus a total put value of 110,166,457,500 Combined total value = 110,171,947,500
Strike 135 has a total call value of 5,947,500 versus a total put value of 108,724,646,250 Combined total value = 108,730,593,750
Strike 135.5 has a total call value of 6,405,000 versus a total put value of 107,282,835,000 Combined total value = 107,289,240,000
Strike 136.5 has a total call value of 7,320,000 versus a total put value of 104,399,212,500 Combined total value = 104,406,532,500
Strike 137.5 has a total call value of 8,235,000 versus a total put value of 101,515,590,000 Combined total value = 101,523,825,000
Strike 138.5 has a total call value of 9,150,000 versus a total put value of 98,631,967,500 Combined total value = 98,641,117,500
Strike 139.5 has a total call value of 10,065,000 versus a total put value of 95,748,345,000 Combined total value = 95,758,410,000
Strike 140 has a total call value of 10,522,500 versus a total put value of 94,306,533,750 Combined total value = 94,317,056,250
Strike 140.5 has a total call value of 10,980,000 versus a total put value of 92,864,722,500 Combined total value = 92,875,702,500
Strike 141.5 has a total call value of 11,895,000 versus a total put value of 90,006,720,000 Combined total value = 90,018,615,000
Strike 142 has a total call value of 12,352,500 versus a total put value of 88,577,718,750 Combined total value = 88,590,071,250
Strike 142.5 has a total call value of 12,810,000 versus a total put value of 87,148,717,500 Combined total value = 87,161,527,500
Strike 143.5 has a total call value of 13,725,000 versus a total put value of 84,290,715,000 Combined total value = 84,304,440,000
Strike 144.5 has a total call value of 14,640,000 versus a total put value of 81,432,712,500 Combined total value = 81,447,352,500
Strike 145 has a total call value of 15,097,500 versus a total put value of 80,003,711,250 Combined total value = 80,018,808,750
Strike 145.5 has a total call value of 15,555,000 versus a total put value of 78,583,631,250 Combined total value = 78,599,186,250
Strike 146.5 has a total call value of 16,470,000 versus a total put value of 75,743,471,250 Combined total value = 75,759,941,250
Strike 147 has a total call value of 16,927,500 versus a total put value of 74,323,391,250 Combined total value = 74,340,318,750
Strike 147.5 has a total call value of 17,385,000 versus a total put value of 72,903,311,250 Combined total value = 72,920,696,250
Strike 148.5 has a total call value of 18,300,000 versus a total put value of 70,063,151,250 Combined total value = 70,081,451,250
Strike 149.5 has a total call value of 19,215,000 versus a total put value of 67,222,991,250 Combined total value = 67,242,206,250
Strike 150 has a total call value of 19,672,500 versus a total put value of 65,805,885,000 Combined total value = 65,825,557,500
Strike 150.5 has a total call value of 20,130,000 versus a total put value of 64,450,770,000 Combined total value = 64,470,900,000
Strike 151.5 has a total call value of 21,045,000 versus a total put value of 61,740,540,000 Combined total value = 61,761,585,000
Strike 152 has a total call value of 21,502,500 versus a total put value of 60,385,425,000 Combined total value = 60,406,927,500
Strike 152.5 has a total call value of 21,960,000 versus a total put value of 59,030,310,000 Combined total value = 59,052,270,000
Strike 153.5 has a total call value of 22,875,000 versus a total put value of 56,338,837,500 Combined total value = 56,361,712,500
Strike 154.5 has a total call value of 23,790,000 versus a total put value of 53,647,365,000 Combined total value = 53,671,155,000
Strike 155 has a total call value of 24,247,500 versus a total put value of 52,309,635,000 Combined total value = 52,333,882,500
Strike 155.5 has a total call value of 24,705,000 versus a total put value of 51,001,642,500 Combined total value = 51,026,347,500
Strike 156.5 has a total call value of 25,620,000 versus a total put value of 48,385,657,500 Combined total value = 48,411,277,500
Strike 157 has a total call value of 26,077,500 versus a total put value of 47,077,665,000 Combined total value = 47,103,742,500
Strike 157.5 has a total call value of 26,535,000 versus a total put value of 45,774,705,000 Combined total value = 45,801,240,000
Strike 158.5 has a total call value of 27,450,000 versus a total put value of 43,178,392,500 Combined total value = 43,205,842,500
Strike 159.5 has a total call value of 28,365,000 versus a total put value of 40,582,080,000 Combined total value = 40,610,445,000
Strike 160 has a total call value of 28,822,500 versus a total put value of 39,283,923,750 Combined total value = 39,312,746,250
Strike 160.5 has a total call value of 29,280,000 versus a total put value of 38,088,933,750 Combined total value = 38,118,213,750
Strike 161.5 has a total call value of 30,195,000 versus a total put value of 35,708,103,750 Combined total value = 35,738,298,750
Strike 162 has a total call value of 30,652,500 versus a total put value of 34,519,976,250 Combined total value = 34,550,628,750
Strike 162.5 has a total call value of 31,110,000 versus a total put value of 33,336,881,250 Combined total value = 33,367,991,250
Strike 163.5 has a total call value of 32,025,000 versus a total put value of 31,016,441,250 Combined total value = 31,048,466,250
Strike 164.5 has a total call value of 32,940,000 versus a total put value of 28,712,013,750 Combined total value = 28,744,953,750
Strike 165 has a total call value of 35,685,000 versus a total put value of 27,579,243,750 Combined total value = 27,614,928,750
Strike 165.5 has a total call value of 48,952,500 versus a total put value of 26,584,181,250 Combined total value = 26,633,133,750
Strike 166.5 has a total call value of 85,095,000 versus a total put value of 24,619,218,750 Combined total value = 24,704,313,750
Strike 167 has a total call value of 104,310,000 versus a total put value of 23,650,233,750 Combined total value = 23,754,543,750
Strike 167.5 has a total call value of 123,525,000 versus a total put value of 22,702,065,000 Combined total value = 22,825,590,000
Strike 168.5 has a total call value of 167,902,500 versus a total put value of 20,819,910,000 Combined total value = 20,987,812,500
Strike 169.5 has a total call value of 212,280,000 versus a total put value of 18,988,995,000 Combined total value = 19,201,275,000
Strike 170 has a total call value of 254,141,250 versus a total put value of 18,085,890,000 Combined total value = 18,340,031,250
Strike 170.5 has a total call value of 396,195,000 versus a total put value of 17,399,640,000 Combined total value = 17,795,835,000
Strike 171.5 has a total call value of 680,302,500 versus a total put value of 16,052,302,500 Combined total value = 16,732,605,000
Strike 172 has a total call value of 822,356,250 versus a total put value of 15,386,868,750 Combined total value = 16,209,225,000
Strike 172.5 has a total call value of 964,410,000 versus a total put value of 14,738,362,500 Combined total value = 15,702,772,500
Strike 173.5 has a total call value of 1,264,530,000 versus a total put value of 13,472,460,000 Combined total value = 14,736,990,000
Strike 174.5 has a total call value of 1,564,650,000 versus a total put value of 12,236,752,500 Combined total value = 13,801,402,500
Strike 175 has a total call value of 1,727,520,000 versus a total put value of 11,625,303,750 Combined total value = 13,352,823,750
Strike 175.5 has a total call value of 2,044,110,000 versus a total put value of 11,143,098,750 Combined total value = 13,187,208,750
Strike 176.5 has a total call value of 2,699,707,500 versus a total put value of 10,198,361,250 Combined total value = 12,898,068,750
Strike 177 has a total call value of 3,040,316,250 versus a total put value of 9,735,828,750 Combined total value = 12,776,145,000
Strike 177.5 has a total call value of 3,415,695,000 versus a total put value of 9,291,825,000 Combined total value = 12,707,520,000
Strike 178.5 has a total call value of 4,188,870,000 versus a total put value of 8,431,267,500 Combined total value = 12,620,137,500
Strike 179.5 has a total call value of 5,002,762,500 versus a total put value of 7,585,350,000 Combined total value = 12,588,112,500
Strike 180 has a total call value of 5,423,662,500 versus a total put value of 7,171,998,750 Combined total value = 12,595,661,250
Strike 180.5 has a total call value of 6,186,315,000 versus a total put value of 6,857,467,500 Combined total value = 13,043,782,500
Strike 181.5 has a total call value of 7,749,135,000 versus a total put value of 6,250,365,000 Combined total value = 13,999,500,000
Strike 182 has a total call value of 8,539,466,250 versus a total put value of 5,952,990,000 Combined total value = 14,492,456,250
Strike 182.5 has a total call value of 9,384,011,250 versus a total put value of 5,667,052,500 Combined total value = 15,051,063,750
Strike 184.5 has a total call value of 12,821,666,250 versus a total put value of 4,523,302,500 Combined total value = 17,344,968,750
Strike 185 has a total call value of 13,714,706,250 versus a total put value of 4,237,365,000 Combined total value = 17,952,071,250
Strike 187 has a total call value of 18,408,656,250 versus a total put value of 3,351,645,000 Combined total value = 21,760,301,250
Strike 187.5 has a total call value of 19,634,070,000 versus a total put value of 3,130,215,000 Combined total value = 22,764,285,000
Strike 189.5 has a total call value of 24,733,365,000 versus a total put value of 2,349,720,000 Combined total value = 27,083,085,000
Strike 190 has a total call value of 26,041,586,250 versus a total put value of 2,164,432,500 Combined total value = 28,206,018,750
Strike 192 has a total call value of 33,661,706,250 versus a total put value of 1,723,402,500 Combined total value = 35,385,108,750
Strike 192.5 has a total call value of 35,620,263,750 versus a total put value of 1,620,693,750 Combined total value = 37,240,957,500
Strike 194.5 has a total call value of 43,729,908,750 versus a total put value of 1,209,858,750 Combined total value = 44,939,767,500
Strike 195 has a total call value of 45,807,416,250 versus a total put value of 1,107,150,000 Combined total value = 46,914,566,250
Strike 197.5 has a total call value of 57,695,553,750 versus a total put value of 777,750,000 Combined total value = 58,473,303,750
Strike 199.5 has a total call value of 67,403,703,750 versus a total put value of 514,230,000 Combined total value = 67,917,933,750
Strike 200 has a total call value of 69,845,838,750 versus a total put value of 448,350,000 Combined total value = 70,294,188,750
Strike 202.5 has a total call value of 84,532,732,500 versus a total put value of 336,262,500 Combined total value = 84,868,995,000
Strike 205 has a total call value of 99,279,101,250 versus a total put value of 224,175,000 Combined total value = 99,503,276,250
Strike 207.5 has a total call value of 114,584,763,750 versus a total put value of 112,087,500 Combined total value = 114,696,851,250
Strike 210 has a total call value of 129,935,032,500 versus a total put value of 0 Combined total value = 129,935,032,500
Strike 212.5 has a total call value of 146,210,595,000 versus a total put value of 0 Combined total value = 146,210,595,000
Strike 215 has a total call value of 162,517,038,750 versus a total put value of 0 Combined total value = 162,517,038,750
Strike 217.5 has a total call value of 179,086,545,000 versus a total put value of 0 Combined total value = 179,086,545,000
Strike 220 has a total call value of 195,656,051,250 versus a total put value of 0 Combined total value = 195,656,051,250
Max Pain - Choose a symbol
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E
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H
I
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L
M
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O
P
R
S
T
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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.