GAIL
GAIL (INDIA) LTD
Max pain for GAIL
19 Apr 2024 04:16 PM IST
Max Pain for GAIL is 200
Strike 150 has a total call value of 0 versus a total put value of 125,261,212,500 Combined total value = 125,261,212,500
Strike 152.5 has a total call value of 9,150,000 versus a total put value of 117,133,725,000 Combined total value = 117,142,875,000
Strike 155 has a total call value of 18,300,000 versus a total put value of 109,006,237,500 Combined total value = 109,024,537,500
Strike 157.5 has a total call value of 27,450,000 versus a total put value of 100,878,750,000 Combined total value = 100,906,200,000
Strike 160 has a total call value of 36,600,000 versus a total put value of 92,751,262,500 Combined total value = 92,787,862,500
Strike 162.5 has a total call value of 75,487,500 versus a total put value of 84,853,668,750 Combined total value = 84,929,156,250
Strike 165 has a total call value of 114,375,000 versus a total put value of 76,956,075,000 Combined total value = 77,070,450,000
Strike 167.5 has a total call value of 153,262,500 versus a total put value of 69,291,806,250 Combined total value = 69,445,068,750
Strike 170 has a total call value of 192,150,000 versus a total put value of 61,627,537,500 Combined total value = 61,819,687,500
Strike 172.5 has a total call value of 295,087,500 versus a total put value of 55,282,012,500 Combined total value = 55,577,100,000
Strike 175 has a total call value of 398,025,000 versus a total put value of 48,977,662,500 Combined total value = 49,375,687,500
Strike 177.5 has a total call value of 557,006,250 versus a total put value of 42,922,650,000 Combined total value = 43,479,656,250
Strike 180 has a total call value of 715,987,500 versus a total put value of 36,939,693,750 Combined total value = 37,655,681,250
Strike 182.5 has a total call value of 1,122,018,750 versus a total put value of 31,647,562,500 Combined total value = 32,769,581,250
Strike 184.5 has a total call value of 1,491,678,750 versus a total put value of 27,493,462,500 Combined total value = 28,985,141,250
Strike 185 has a total call value of 1,589,583,750 versus a total put value of 26,454,937,500 Combined total value = 28,044,521,250
Strike 187.5 has a total call value of 2,402,790,000 versus a total put value of 21,690,075,000 Combined total value = 24,092,865,000
Strike 189.5 has a total call value of 3,092,700,000 versus a total put value of 17,955,960,000 Combined total value = 21,048,660,000
Strike 190 has a total call value of 3,268,151,250 versus a total put value of 17,022,431,250 Combined total value = 20,290,582,500
Strike 192.5 has a total call value of 4,696,695,000 versus a total put value of 13,427,625,000 Combined total value = 18,124,320,000
Strike 195 has a total call value of 6,184,713,750 versus a total put value of 9,957,487,500 Combined total value = 16,142,201,250
Strike 197.5 has a total call value of 7,997,557,500 versus a total put value of 7,071,806,250 Combined total value = 15,069,363,750
Strike 200 has a total call value of 9,937,357,500 versus a total put value of 4,404,581,250 Combined total value = 14,341,938,750
Strike 202.5 has a total call value of 12,689,220,000 versus a total put value of 3,068,681,250 Combined total value = 15,757,901,250
Strike 205 has a total call value of 15,573,757,500 versus a total put value of 1,842,581,250 Combined total value = 17,416,338,750
Strike 207.5 has a total call value of 19,478,520,000 versus a total put value of 1,085,418,750 Combined total value = 20,563,938,750
Strike 210 has a total call value of 23,729,838,750 versus a total put value of 434,625,000 Combined total value = 24,164,463,750
Strike 212.5 has a total call value of 30,124,545,000 versus a total put value of 244,762,500 Combined total value = 30,369,307,500
Strike 215 has a total call value of 36,919,563,750 versus a total put value of 91,500,000 Combined total value = 37,011,063,750
Strike 217.5 has a total call value of 45,136,263,750 versus a total put value of 44,606,250 Combined total value = 45,180,870,000
Strike 220 has a total call value of 53,596,582,500 versus a total put value of 1,143,750 Combined total value = 53,597,726,250
Strike 222.5 has a total call value of 64,103,070,000 versus a total put value of 0 Combined total value = 64,103,070,000
Strike 225 has a total call value of 74,726,220,000 versus a total put value of 0 Combined total value = 74,726,220,000
Strike 227.5 has a total call value of 85,995,588,750 versus a total put value of 0 Combined total value = 85,995,588,750
Strike 230 has a total call value of 97,451,388,750 versus a total put value of 0 Combined total value = 97,451,388,750
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.