GAIL
GAIL (INDIA) LTD
Max pain for GAIL
24 Apr 2024 04:16 PM IST
Max Pain for GAIL is 200
Strike 160 has a total call value of 0 versus a total put value of 70,392,093,750 Combined total value = 70,392,093,750
Strike 162.5 has a total call value of 17,156,250 versus a total put value of 64,375,968,750 Combined total value = 64,393,125,000
Strike 165 has a total call value of 34,312,500 versus a total put value of 58,359,843,750 Combined total value = 58,394,156,250
Strike 167.5 has a total call value of 51,468,750 versus a total put value of 52,539,300,000 Combined total value = 52,590,768,750
Strike 170 has a total call value of 68,625,000 versus a total put value of 46,747,350,000 Combined total value = 46,815,975,000
Strike 172.5 has a total call value of 144,112,500 versus a total put value of 41,973,337,500 Combined total value = 42,117,450,000
Strike 175 has a total call value of 219,600,000 versus a total put value of 37,234,781,250 Combined total value = 37,454,381,250
Strike 177.5 has a total call value of 327,112,500 versus a total put value of 32,710,106,250 Combined total value = 33,037,218,750
Strike 180 has a total call value of 434,625,000 versus a total put value of 28,185,431,250 Combined total value = 28,620,056,250
Strike 182.5 has a total call value of 733,143,750 versus a total put value of 24,153,712,500 Combined total value = 24,886,856,250
Strike 184.5 has a total call value of 1,014,963,750 versus a total put value of 20,983,237,500 Combined total value = 21,998,201,250
Strike 185 has a total call value of 1,087,706,250 versus a total put value of 20,190,618,750 Combined total value = 21,278,325,000
Strike 187.5 has a total call value of 1,661,868,750 versus a total put value of 16,482,581,250 Combined total value = 18,144,450,000
Strike 189.5 has a total call value of 2,121,198,750 versus a total put value of 13,603,076,250 Combined total value = 15,724,275,000
Strike 190 has a total call value of 2,236,031,250 versus a total put value of 12,883,200,000 Combined total value = 15,119,231,250
Strike 192.5 has a total call value of 3,208,218,750 versus a total put value of 9,986,081,250 Combined total value = 13,194,300,000
Strike 195 has a total call value of 4,220,437,500 versus a total put value of 7,207,912,500 Combined total value = 11,428,350,000
Strike 197.5 has a total call value of 5,401,931,250 versus a total put value of 4,880,381,250 Combined total value = 10,282,312,500
Strike 200 has a total call value of 6,686,362,500 versus a total put value of 2,794,181,250 Combined total value = 9,480,543,750
Strike 202.5 has a total call value of 8,586,131,250 versus a total put value of 1,863,168,750 Combined total value = 10,449,300,000
Strike 205 has a total call value of 10,603,706,250 versus a total put value of 1,108,293,750 Combined total value = 11,712,000,000
Strike 207.5 has a total call value of 12,912,937,500 versus a total put value of 623,343,750 Combined total value = 13,536,281,250
Strike 210 has a total call value of 15,440,625,000 versus a total put value of 297,375,000 Combined total value = 15,738,000,000
Strike 212.5 has a total call value of 18,863,868,750 versus a total put value of 187,575,000 Combined total value = 19,051,443,750
Strike 215 has a total call value of 22,552,462,500 versus a total put value of 96,075,000 Combined total value = 22,648,537,500
Strike 217.5 has a total call value of 26,967,337,500 versus a total put value of 58,331,250 Combined total value = 27,025,668,750
Strike 220 has a total call value of 31,532,043,750 versus a total put value of 20,587,500 Combined total value = 31,552,631,250
Strike 222.5 has a total call value of 37,506,993,750 versus a total put value of 10,293,750 Combined total value = 37,517,287,500
Strike 225 has a total call value of 43,562,006,250 versus a total put value of 0 Combined total value = 43,562,006,250
Strike 227.5 has a total call value of 49,872,075,000 versus a total put value of 0 Combined total value = 49,872,075,000
Strike 230 has a total call value of 56,257,631,250 versus a total put value of 0 Combined total value = 56,257,631,250
Max Pain - Choose a symbol
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B
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E
G
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I
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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.