GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
11 Oct 2024 04:11 PM IST
Max Pain for GMRINFRA is 92
Strike 75 has a total call value of 0 versus a total put value of 151,522,875,000 Combined total value = 151,522,875,000
Strike 76 has a total call value of 0 versus a total put value of 141,601,500,000 Combined total value = 141,601,500,000
Strike 77 has a total call value of 0 versus a total put value of 131,680,125,000 Combined total value = 131,680,125,000
Strike 77.5 has a total call value of 0 versus a total put value of 126,719,437,500 Combined total value = 126,719,437,500
Strike 78 has a total call value of 0 versus a total put value of 121,787,437,500 Combined total value = 121,787,437,500
Strike 79 has a total call value of 0 versus a total put value of 111,957,187,500 Combined total value = 111,957,187,500
Strike 80 has a total call value of 0 versus a total put value of 102,126,937,500 Combined total value = 102,126,937,500
Strike 81 has a total call value of 141,750,000 versus a total put value of 92,780,437,500 Combined total value = 92,922,187,500
Strike 82 has a total call value of 283,500,000 versus a total put value of 83,458,687,500 Combined total value = 83,742,187,500
Strike 82.5 has a total call value of 354,375,000 versus a total put value of 78,921,000,000 Combined total value = 79,275,375,000
Strike 83 has a total call value of 425,250,000 versus a total put value of 74,446,875,000 Combined total value = 74,872,125,000
Strike 84 has a total call value of 567,000,000 versus a total put value of 65,612,250,000 Combined total value = 66,179,250,000
Strike 85 has a total call value of 723,375,000 versus a total put value of 56,858,625,000 Combined total value = 57,582,000,000
Strike 86 has a total call value of 1,202,625,000 versus a total put value of 49,195,125,000 Combined total value = 50,397,750,000
Strike 87 has a total call value of 1,811,250,000 versus a total put value of 41,691,375,000 Combined total value = 43,502,625,000
Strike 87.5 has a total call value of 2,173,500,000 versus a total put value of 38,022,750,000 Combined total value = 40,196,250,000
Strike 88 has a total call value of 2,631,375,000 versus a total put value of 34,573,500,000 Combined total value = 37,204,875,000
Strike 89 has a total call value of 3,759,750,000 versus a total put value of 28,360,125,000 Combined total value = 32,119,875,000
Strike 90 has a total call value of 5,095,125,000 versus a total put value of 22,408,875,000 Combined total value = 27,504,000,000
Strike 91 has a total call value of 8,580,375,000 versus a total put value of 18,328,500,000 Combined total value = 26,908,875,000
Strike 92 has a total call value of 12,307,500,000 versus a total put value of 14,411,250,000 Combined total value = 26,718,750,000
Strike 92.5 has a total call value of 14,326,312,500 versus a total put value of 12,521,812,500 Combined total value = 26,848,125,000
Strike 93 has a total call value of 16,527,937,500 versus a total put value of 10,801,125,000 Combined total value = 27,329,062,500
Strike 94 has a total call value of 21,155,062,500 versus a total put value of 7,427,250,000 Combined total value = 28,582,312,500
Strike 95 has a total call value of 25,992,562,500 versus a total put value of 4,147,875,000 Combined total value = 30,140,437,500
Strike 96 has a total call value of 34,329,937,500 versus a total put value of 3,296,250,000 Combined total value = 37,626,187,500
Strike 97 has a total call value of 42,861,937,500 versus a total put value of 2,561,625,000 Combined total value = 45,423,562,500
Strike 97.5 has a total call value of 47,200,500,000 versus a total put value of 2,224,687,500 Combined total value = 49,425,187,500
Strike 98 has a total call value of 51,818,062,500 versus a total put value of 1,887,750,000 Combined total value = 53,705,812,500
Strike 99 has a total call value of 61,203,937,500 versus a total put value of 1,213,875,000 Combined total value = 62,417,812,500
Strike 100 has a total call value of 70,658,437,500 versus a total put value of 540,000,000 Combined total value = 71,198,437,500
Strike 101 has a total call value of 83,231,437,500 versus a total put value of 486,000,000 Combined total value = 83,717,437,500
Strike 102 has a total call value of 95,849,437,500 versus a total put value of 432,000,000 Combined total value = 96,281,437,500
Strike 102.5 has a total call value of 102,178,125,000 versus a total put value of 405,000,000 Combined total value = 102,583,125,000
Strike 103 has a total call value of 108,612,000,000 versus a total put value of 378,000,000 Combined total value = 108,990,000,000
Strike 104 has a total call value of 121,479,750,000 versus a total put value of 324,000,000 Combined total value = 121,803,750,000
Strike 105 has a total call value of 134,347,500,000 versus a total put value of 270,000,000 Combined total value = 134,617,500,000
Strike 106 has a total call value of 147,884,625,000 versus a total put value of 216,000,000 Combined total value = 148,100,625,000
Strike 107 has a total call value of 161,421,750,000 versus a total put value of 162,000,000 Combined total value = 161,583,750,000
Strike 107.5 has a total call value of 168,190,312,500 versus a total put value of 135,000,000 Combined total value = 168,325,312,500
Strike 108 has a total call value of 175,017,375,000 versus a total put value of 108,000,000 Combined total value = 175,125,375,000
Strike 109 has a total call value of 188,686,125,000 versus a total put value of 54,000,000 Combined total value = 188,740,125,000
Strike 110 has a total call value of 202,354,875,000 versus a total put value of 0 Combined total value = 202,354,875,000
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.