GAIL
GAIL (INDIA) LTD
Max pain for GAIL
26 Apr 2024 04:16 PM IST
Max Pain for GAIL is 205
Strike 160 has a total call value of 0 versus a total put value of 63,149,868,750 Combined total value = 63,149,868,750
Strike 162.5 has a total call value of 0 versus a total put value of 58,565,718,750 Combined total value = 58,565,718,750
Strike 165 has a total call value of 0 versus a total put value of 53,981,568,750 Combined total value = 53,981,568,750
Strike 167.5 has a total call value of 0 versus a total put value of 49,397,418,750 Combined total value = 49,397,418,750
Strike 170 has a total call value of 0 versus a total put value of 44,813,268,750 Combined total value = 44,813,268,750
Strike 172.5 has a total call value of 14,868,750 versus a total put value of 40,410,975,000 Combined total value = 40,425,843,750
Strike 175 has a total call value of 29,737,500 versus a total put value of 36,008,681,250 Combined total value = 36,038,418,750
Strike 177.5 has a total call value of 44,606,250 versus a total put value of 31,705,893,750 Combined total value = 31,750,500,000
Strike 180 has a total call value of 59,475,000 versus a total put value of 27,414,543,750 Combined total value = 27,474,018,750
Strike 182.5 has a total call value of 74,343,750 versus a total put value of 23,878,068,750 Combined total value = 23,952,412,500
Strike 185 has a total call value of 89,212,500 versus a total put value of 20,366,756,250 Combined total value = 20,455,968,750
Strike 187.5 has a total call value of 137,250,000 versus a total put value of 16,992,693,750 Combined total value = 17,129,943,750
Strike 190 has a total call value of 185,287,500 versus a total put value of 13,642,650,000 Combined total value = 13,827,937,500
Strike 192.5 has a total call value of 327,112,500 versus a total put value of 11,228,193,750 Combined total value = 11,555,306,250
Strike 195 has a total call value of 474,656,250 versus a total put value of 8,902,950,000 Combined total value = 9,377,606,250
Strike 197.5 has a total call value of 663,375,000 versus a total put value of 6,947,137,500 Combined total value = 7,610,512,500
Strike 200 has a total call value of 863,531,250 versus a total put value of 5,075,962,500 Combined total value = 5,939,493,750
Strike 202.5 has a total call value of 1,761,375,000 versus a total put value of 3,843,000,000 Combined total value = 5,604,375,000
Strike 205 has a total call value of 2,718,693,750 versus a total put value of 2,682,093,750 Combined total value = 5,400,787,500
Strike 207.5 has a total call value of 4,158,675,000 versus a total put value of 1,830,000,000 Combined total value = 5,988,675,000
Strike 210 has a total call value of 5,742,768,750 versus a total put value of 1,029,375,000 Combined total value = 6,772,143,750
Strike 212.5 has a total call value of 9,100,818,750 versus a total put value of 745,725,000 Combined total value = 9,846,543,750
Strike 215 has a total call value of 12,559,518,750 versus a total put value of 496,387,500 Combined total value = 13,055,906,250
Strike 217.5 has a total call value of 16,594,668,750 versus a total put value of 352,275,000 Combined total value = 16,946,943,750
Strike 220 has a total call value of 20,701,875,000 versus a total put value of 216,168,750 Combined total value = 20,918,043,750
Strike 222.5 has a total call value of 25,832,737,500 versus a total put value of 157,837,500 Combined total value = 25,990,575,000
Strike 225 has a total call value of 31,000,200,000 versus a total put value of 101,793,750 Combined total value = 31,101,993,750
Strike 227.5 has a total call value of 36,521,081,250 versus a total put value of 58,331,250 Combined total value = 36,579,412,500
Strike 230 has a total call value of 42,087,712,500 versus a total put value of 16,012,500 Combined total value = 42,103,725,000
Strike 232.5 has a total call value of 48,870,150,000 versus a total put value of 8,006,250 Combined total value = 48,878,156,250
Strike 235 has a total call value of 55,652,587,500 versus a total put value of 0 Combined total value = 55,652,587,500
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.