GAIL
GAIL (India) Limited
Max pain for GAIL
25 Sep 2023 12:12 PM IST
Max Pain for GAIL is 123
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
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.