GAIL
GAIL (INDIA) LTD
Max pain for GAIL
28 Mar 2024 03:55 PM IST
Max Pain for GAIL is 180
Strike 145 has a total call value of 0 versus a total put value of 38,576,400,000 Combined total value = 38,576,400,000
Strike 147.5 has a total call value of 1,143,750 versus a total put value of 35,361,318,750 Combined total value = 35,362,462,500
Strike 149.5 has a total call value of 2,058,750 versus a total put value of 32,790,168,750 Combined total value = 32,792,227,500
Strike 150 has a total call value of 2,287,500 versus a total put value of 32,147,381,250 Combined total value = 32,149,668,750
Strike 152.5 has a total call value of 8,006,250 versus a total put value of 29,071,837,500 Combined total value = 29,079,843,750
Strike 154.5 has a total call value of 12,581,250 versus a total put value of 26,612,317,500 Combined total value = 26,624,898,750
Strike 155 has a total call value of 13,725,000 versus a total put value of 25,997,437,500 Combined total value = 26,011,162,500
Strike 157.5 has a total call value of 19,443,750 versus a total put value of 22,961,925,000 Combined total value = 22,981,368,750
Strike 159.5 has a total call value of 24,018,750 versus a total put value of 20,533,515,000 Combined total value = 20,557,533,750
Strike 160 has a total call value of 25,162,500 versus a total put value of 19,926,412,500 Combined total value = 19,951,575,000
Strike 162.5 has a total call value of 67,481,250 versus a total put value of 17,193,993,750 Combined total value = 17,261,475,000
Strike 164.5 has a total call value of 101,336,250 versus a total put value of 15,017,208,750 Combined total value = 15,118,545,000
Strike 165 has a total call value of 109,800,000 versus a total put value of 14,473,012,500 Combined total value = 14,582,812,500
Strike 167.5 has a total call value of 152,118,750 versus a total put value of 11,999,081,250 Combined total value = 12,151,200,000
Strike 169.5 has a total call value of 185,973,750 versus a total put value of 10,076,666,250 Combined total value = 10,262,640,000
Strike 170 has a total call value of 194,437,500 versus a total put value of 9,596,062,500 Combined total value = 9,790,500,000
Strike 172.5 has a total call value of 344,268,750 versus a total put value of 7,925,043,750 Combined total value = 8,269,312,500
Strike 174.5 has a total call value of 474,198,750 versus a total put value of 6,622,998,750 Combined total value = 7,097,197,500
Strike 175 has a total call value of 506,681,250 versus a total put value of 6,297,487,500 Combined total value = 6,804,168,750
Strike 177.5 has a total call value of 877,256,250 versus a total put value of 4,923,843,750 Combined total value = 5,801,100,000
Strike 179.5 has a total call value of 1,204,826,250 versus a total put value of 3,885,318,750 Combined total value = 5,090,145,000
Strike 180 has a total call value of 1,286,718,750 versus a total put value of 3,625,687,500 Combined total value = 4,912,406,250
Strike 182.5 has a total call value of 2,491,087,500 versus a total put value of 2,777,025,000 Combined total value = 5,268,112,500
Strike 184.5 has a total call value of 3,618,367,500 versus a total put value of 2,154,825,000 Combined total value = 5,773,192,500
Strike 185 has a total call value of 3,912,082,500 versus a total put value of 1,999,275,000 Combined total value = 5,911,357,500
Strike 187.5 has a total call value of 6,024,588,750 versus a total put value of 1,481,156,250 Combined total value = 7,505,745,000
Strike 189.5 has a total call value of 7,753,938,750 versus a total put value of 1,094,111,250 Combined total value = 8,848,050,000
Strike 190 has a total call value of 8,188,106,250 versus a total put value of 997,350,000 Combined total value = 9,185,456,250
Strike 192.5 has a total call value of 11,146,987,500 versus a total put value of 693,112,500 Combined total value = 11,840,100,000
Strike 194.5 has a total call value of 13,529,647,500 versus a total put value of 460,702,500 Combined total value = 13,990,350,000
Strike 195 has a total call value of 14,125,312,500 versus a total put value of 402,600,000 Combined total value = 14,527,912,500
Strike 197.5 has a total call value of 17,442,187,500 versus a total put value of 205,875,000 Combined total value = 17,648,062,500
Strike 200 has a total call value of 20,778,506,250 versus a total put value of 9,150,000 Combined total value = 20,787,656,250
Strike 202.5 has a total call value of 25,096,162,500 versus a total put value of 6,862,500 Combined total value = 25,103,025,000
Strike 205 has a total call value of 29,421,825,000 versus a total put value of 4,575,000 Combined total value = 29,426,400,000
Strike 207.5 has a total call value of 33,846,993,750 versus a total put value of 2,287,500 Combined total value = 33,849,281,250
Strike 210 has a total call value of 38,272,162,500 versus a total put value of 0 Combined total value = 38,272,162,500
Strike 212.5 has a total call value of 43,014,150,000 versus a total put value of 0 Combined total value = 43,014,150,000
Strike 215 has a total call value of 47,756,137,500 versus a total put value of 0 Combined total value = 47,756,137,500
Strike 217.5 has a total call value of 52,539,300,000 versus a total put value of 0 Combined total value = 52,539,300,000
Strike 220 has a total call value of 57,322,462,500 versus a total put value of 0 Combined total value = 57,322,462,500
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.