GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
22 Oct 2024 04:11 PM IST
Max Pain for GMRINFRA is 90
Strike 70 has a total call value of 0 versus a total put value of 176,344,312,500 Combined total value = 176,344,312,500
Strike 71 has a total call value of 0 versus a total put value of 167,167,687,500 Combined total value = 167,167,687,500
Strike 72 has a total call value of 0 versus a total put value of 157,991,062,500 Combined total value = 157,991,062,500
Strike 72.5 has a total call value of 0 versus a total put value of 153,421,312,500 Combined total value = 153,421,312,500
Strike 73 has a total call value of 0 versus a total put value of 148,851,562,500 Combined total value = 148,851,562,500
Strike 74 has a total call value of 0 versus a total put value of 139,712,062,500 Combined total value = 139,712,062,500
Strike 75 has a total call value of 0 versus a total put value of 130,586,062,500 Combined total value = 130,586,062,500
Strike 76 has a total call value of 1,125,000 versus a total put value of 121,669,312,500 Combined total value = 121,670,437,500
Strike 77 has a total call value of 2,250,000 versus a total put value of 112,782,937,500 Combined total value = 112,785,187,500
Strike 77.5 has a total call value of 2,812,500 versus a total put value of 108,384,187,500 Combined total value = 108,387,000,000
Strike 78 has a total call value of 3,375,000 versus a total put value of 104,035,500,000 Combined total value = 104,038,875,000
Strike 79 has a total call value of 4,500,000 versus a total put value of 95,422,500,000 Combined total value = 95,427,000,000
Strike 80 has a total call value of 16,875,000 versus a total put value of 86,856,750,000 Combined total value = 86,873,625,000
Strike 81 has a total call value of 502,875,000 versus a total put value of 78,833,250,000 Combined total value = 79,336,125,000
Strike 82 has a total call value of 1,087,875,000 versus a total put value of 70,896,375,000 Combined total value = 71,984,250,000
Strike 82.5 has a total call value of 1,464,187,500 versus a total put value of 67,087,687,500 Combined total value = 68,551,875,000
Strike 83 has a total call value of 1,888,875,000 versus a total put value of 63,327,937,500 Combined total value = 65,216,812,500
Strike 84 has a total call value of 2,907,000,000 versus a total put value of 55,916,437,500 Combined total value = 58,823,437,500
Strike 85 has a total call value of 4,087,125,000 versus a total put value of 48,675,937,500 Combined total value = 52,763,062,500
Strike 86 has a total call value of 6,140,250,000 versus a total put value of 42,167,812,500 Combined total value = 48,308,062,500
Strike 87 has a total call value of 8,517,375,000 versus a total put value of 35,858,812,500 Combined total value = 44,376,187,500
Strike 87.5 has a total call value of 9,829,125,000 versus a total put value of 32,774,625,000 Combined total value = 42,603,750,000
Strike 88 has a total call value of 11,280,375,000 versus a total put value of 29,895,750,000 Combined total value = 41,176,125,000
Strike 89 has a total call value of 14,542,875,000 versus a total put value of 24,454,125,000 Combined total value = 38,997,000,000
Strike 90 has a total call value of 18,148,500,000 versus a total put value of 19,557,000,000 Combined total value = 37,705,500,000
Strike 91 has a total call value of 23,825,250,000 versus a total put value of 16,132,500,000 Combined total value = 39,957,750,000
Strike 92 has a total call value of 29,766,375,000 versus a total put value of 12,850,875,000 Combined total value = 42,617,250,000
Strike 92.5 has a total call value of 32,893,875,000 versus a total put value of 11,270,250,000 Combined total value = 44,164,125,000
Strike 93 has a total call value of 36,264,937,500 versus a total put value of 9,844,875,000 Combined total value = 46,109,812,500
Strike 94 has a total call value of 43,198,312,500 versus a total put value of 7,052,625,000 Combined total value = 50,250,937,500
Strike 95 has a total call value of 50,315,062,500 versus a total put value of 4,260,375,000 Combined total value = 54,575,437,500
Strike 96 has a total call value of 60,314,062,500 versus a total put value of 3,403,125,000 Combined total value = 63,717,187,500
Strike 97 has a total call value of 70,495,312,500 versus a total put value of 2,545,875,000 Combined total value = 73,041,187,500
Strike 97.5 has a total call value of 75,639,375,000 versus a total put value of 2,145,937,500 Combined total value = 77,785,312,500
Strike 98 has a total call value of 81,039,375,000 versus a total put value of 1,818,000,000 Combined total value = 82,857,375,000
Strike 99 has a total call value of 91,957,500,000 versus a total put value of 1,162,125,000 Combined total value = 93,119,625,000
Strike 100 has a total call value of 102,939,750,000 versus a total put value of 506,250,000 Combined total value = 103,446,000,000
Strike 101 has a total call value of 116,403,750,000 versus a total put value of 455,625,000 Combined total value = 116,859,375,000
Strike 102 has a total call value of 129,909,375,000 versus a total put value of 405,000,000 Combined total value = 130,314,375,000
Strike 102.5 has a total call value of 136,680,187,500 versus a total put value of 379,687,500 Combined total value = 137,059,875,000
Strike 103 has a total call value of 143,557,875,000 versus a total put value of 354,375,000 Combined total value = 143,912,250,000
Strike 104 has a total call value of 157,322,250,000 versus a total put value of 303,750,000 Combined total value = 157,626,000,000
Strike 105 has a total call value of 171,117,000,000 versus a total put value of 253,125,000 Combined total value = 171,370,125,000
Strike 106 has a total call value of 185,423,625,000 versus a total put value of 202,500,000 Combined total value = 185,626,125,000
Strike 107 has a total call value of 199,730,250,000 versus a total put value of 151,875,000 Combined total value = 199,882,125,000
Strike 107.5 has a total call value of 206,883,562,500 versus a total put value of 126,562,500 Combined total value = 207,010,125,000
Strike 108 has a total call value of 214,080,187,500 versus a total put value of 101,250,000 Combined total value = 214,181,437,500
Strike 109 has a total call value of 228,486,937,500 versus a total put value of 50,625,000 Combined total value = 228,537,562,500
Strike 110 has a total call value of 242,893,687,500 versus a total put value of 0 Combined total value = 242,893,687,500
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.
