GMRINFRA
GMR AIRPORTS INFRA LTD
Max pain for GMRINFRA
26 Jul 2024 04:11 PM IST
Max Pain for GMRINFRA is 95
Strike 70 has a total call value of 0 versus a total put value of 98,764,312,500 Combined total value = 98,764,312,500
Strike 72.5 has a total call value of 0 versus a total put value of 87,306,187,500 Combined total value = 87,306,187,500
Strike 75 has a total call value of 0 versus a total put value of 75,848,062,500 Combined total value = 75,848,062,500
Strike 77.5 has a total call value of 0 versus a total put value of 64,409,625,000 Combined total value = 64,409,625,000
Strike 80 has a total call value of 2,812,500 versus a total put value of 52,971,187,500 Combined total value = 52,974,000,000
Strike 82.5 has a total call value of 28,125,000 versus a total put value of 42,269,625,000 Combined total value = 42,297,750,000
Strike 84 has a total call value of 46,687,500 versus a total put value of 35,877,375,000 Combined total value = 35,924,062,500
Strike 85 has a total call value of 59,062,500 versus a total put value of 31,771,125,000 Combined total value = 31,830,187,500
Strike 87.5 has a total call value of 182,812,500 versus a total put value of 22,965,187,500 Combined total value = 23,148,000,000
Strike 90 has a total call value of 329,062,500 versus a total put value of 14,626,125,000 Combined total value = 14,955,187,500
Strike 92.5 has a total call value of 1,029,375,000 versus a total put value of 8,742,375,000 Combined total value = 9,771,750,000
Strike 94 has a total call value of 1,542,375,000 versus a total put value of 5,544,562,500 Combined total value = 7,086,937,500
Strike 95 has a total call value of 1,884,375,000 versus a total put value of 3,827,812,500 Combined total value = 5,712,187,500
Strike 97.5 has a total call value of 5,138,437,500 versus a total put value of 2,280,937,500 Combined total value = 7,419,375,000
Strike 100 has a total call value of 9,064,687,500 versus a total put value of 919,687,500 Combined total value = 9,984,375,000
Strike 102.5 has a total call value of 18,264,375,000 versus a total put value of 613,125,000 Combined total value = 18,877,500,000
Strike 105 has a total call value of 27,880,312,500 versus a total put value of 331,875,000 Combined total value = 28,212,187,500
Strike 107.5 has a total call value of 39,976,875,000 versus a total put value of 219,375,000 Combined total value = 40,196,250,000
Strike 110 has a total call value of 52,318,125,000 versus a total put value of 112,500,000 Combined total value = 52,430,625,000
Strike 112.5 has a total call value of 67,328,437,500 versus a total put value of 56,250,000 Combined total value = 67,384,687,500
Strike 115 has a total call value of 82,338,750,000 versus a total put value of 0 Combined total value = 82,338,750,000
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.