GAIL
GAIL (INDIA) LTD
Max pain for GAIL
19 Apr 2024 10:32 AM IST
Max Pain for GAIL is 200
Strike 150 has a total call value of 0 versus a total put value of 130,159,893,750 Combined total value = 130,159,893,750
Strike 152.5 has a total call value of 0 versus a total put value of 121,738,462,500 Combined total value = 121,738,462,500
Strike 155 has a total call value of 0 versus a total put value of 113,317,031,250 Combined total value = 113,317,031,250
Strike 157.5 has a total call value of 0 versus a total put value of 104,895,600,000 Combined total value = 104,895,600,000
Strike 160 has a total call value of 0 versus a total put value of 96,474,168,750 Combined total value = 96,474,168,750
Strike 162.5 has a total call value of 29,737,500 versus a total put value of 88,292,925,000 Combined total value = 88,322,662,500
Strike 165 has a total call value of 59,475,000 versus a total put value of 80,111,681,250 Combined total value = 80,171,156,250
Strike 167.5 has a total call value of 89,212,500 versus a total put value of 72,169,481,250 Combined total value = 72,258,693,750
Strike 170 has a total call value of 118,950,000 versus a total put value of 64,227,281,250 Combined total value = 64,346,231,250
Strike 172.5 has a total call value of 148,687,500 versus a total put value of 57,689,606,250 Combined total value = 57,838,293,750
Strike 175 has a total call value of 178,425,000 versus a total put value of 51,197,681,250 Combined total value = 51,376,106,250
Strike 177.5 has a total call value of 208,162,500 versus a total put value of 44,974,537,500 Combined total value = 45,182,700,000
Strike 180 has a total call value of 237,900,000 versus a total put value of 38,751,393,750 Combined total value = 38,989,293,750
Strike 182.5 has a total call value of 520,406,250 versus a total put value of 33,268,256,250 Combined total value = 33,788,662,500
Strike 184.5 has a total call value of 796,736,250 versus a total put value of 28,954,031,250 Combined total value = 29,750,767,500
Strike 185 has a total call value of 871,308,750 versus a total put value of 27,875,475,000 Combined total value = 28,746,783,750
Strike 187.5 has a total call value of 1,572,427,500 versus a total put value of 22,929,900,000 Combined total value = 24,502,327,500
Strike 189.5 has a total call value of 2,186,392,500 versus a total put value of 19,041,150,000 Combined total value = 21,227,542,500
Strike 190 has a total call value of 2,343,086,250 versus a total put value of 18,068,962,500 Combined total value = 20,412,048,750
Strike 192.5 has a total call value of 3,692,711,250 versus a total put value of 14,324,325,000 Combined total value = 18,017,036,250
Strike 195 has a total call value of 5,101,811,250 versus a total put value of 10,687,200,000 Combined total value = 15,789,011,250
Strike 197.5 has a total call value of 6,878,055,000 versus a total put value of 7,699,725,000 Combined total value = 14,577,780,000
Strike 200 has a total call value of 8,786,973,750 versus a total put value of 4,910,118,750 Combined total value = 13,697,092,500
Strike 202.5 has a total call value of 11,493,086,250 versus a total put value of 3,406,087,500 Combined total value = 14,899,173,750
Strike 205 has a total call value of 14,343,311,250 versus a total put value of 2,017,575,000 Combined total value = 16,360,886,250
Strike 207.5 has a total call value of 18,187,455,000 versus a total put value of 1,175,775,000 Combined total value = 19,363,230,000
Strike 210 has a total call value of 22,340,411,250 versus a total put value of 458,643,750 Combined total value = 22,799,055,000
Strike 212.5 has a total call value of 28,728,255,000 versus a total put value of 248,193,750 Combined total value = 28,976,448,750
Strike 215 has a total call value of 35,572,455,000 versus a total put value of 86,925,000 Combined total value = 35,659,380,000
Strike 217.5 has a total call value of 43,858,923,750 versus a total put value of 42,318,750 Combined total value = 43,901,242,500
Strike 220 has a total call value of 52,399,305,000 versus a total put value of 0 Combined total value = 52,399,305,000
Strike 222.5 has a total call value of 62,973,273,750 versus a total put value of 0 Combined total value = 62,973,273,750
Strike 225 has a total call value of 73,661,617,500 versus a total put value of 0 Combined total value = 73,661,617,500
Strike 227.5 has a total call value of 84,944,711,250 versus a total put value of 0 Combined total value = 84,944,711,250
Strike 230 has a total call value of 96,432,536,250 versus a total put value of 0 Combined total value = 96,432,536,250
Max Pain - Choose a symbol
Index
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B
C
D
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.