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GAIL
GAIL (INDIA) LTD

181.05 0.75 (0.42%)


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



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.