GLENMARK
GLENMARK PHARMACEUTICALS
Max pain for GLENMARK
28 Mar 2024 03:55 PM IST
Max Pain for GLENMARK is 950
Strike 880 has a total call value of 0 versus a total put value of 1,344,875,000 Combined total value = 1,344,875,000
Strike 890 has a total call value of 6,525,000 versus a total put value of 1,112,150,000 Combined total value = 1,118,675,000
Strike 900 has a total call value of 13,050,000 versus a total put value of 879,425,000 Combined total value = 892,475,000
Strike 910 has a total call value of 19,575,000 versus a total put value of 704,700,000 Combined total value = 724,275,000
Strike 920 has a total call value of 26,100,000 versus a total put value of 529,975,000 Combined total value = 556,075,000
Strike 930 has a total call value of 32,625,000 versus a total put value of 365,400,000 Combined total value = 398,025,000
Strike 940 has a total call value of 57,275,000 versus a total put value of 218,950,000 Combined total value = 276,225,000
Strike 950 has a total call value of 117,450,000 versus a total put value of 131,225,000 Combined total value = 248,675,000
Strike 960 has a total call value of 225,475,000 versus a total put value of 61,625,000 Combined total value = 287,100,000
Strike 970 has a total call value of 353,800,000 versus a total put value of 47,125,000 Combined total value = 400,925,000
Strike 980 has a total call value of 529,250,000 versus a total put value of 40,600,000 Combined total value = 569,850,000
Strike 990 has a total call value of 744,575,000 versus a total put value of 34,800,000 Combined total value = 779,375,000
Strike 1000 has a total call value of 965,700,000 versus a total put value of 29,000,000 Combined total value = 994,700,000
Strike 1010 has a total call value of 1,360,825,000 versus a total put value of 23,200,000 Combined total value = 1,384,025,000
Strike 1020 has a total call value of 1,761,025,000 versus a total put value of 17,400,000 Combined total value = 1,778,425,000
Strike 1030 has a total call value of 2,178,625,000 versus a total put value of 11,600,000 Combined total value = 2,190,225,000
Strike 1040 has a total call value of 2,596,225,000 versus a total put value of 5,800,000 Combined total value = 2,602,025,000
Strike 1050 has a total call value of 3,017,450,000 versus a total put value of 0 Combined total value = 3,017,450,000
Max Pain - Choose a symbol
Index
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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.