GMRINFRA
GMR AIRPORTS INFRA LTD
Max pain for GMRINFRA
02 Jul 2024 10:41 AM IST
Max Pain for GMRINFRA is 97
Strike 70 has a total call value of 0 versus a total put value of 136,773,562,500 Combined total value = 136,773,562,500
Strike 71 has a total call value of 0 versus a total put value of 130,755,937,500 Combined total value = 130,755,937,500
Strike 72 has a total call value of 0 versus a total put value of 124,738,312,500 Combined total value = 124,738,312,500
Strike 72.5 has a total call value of 0 versus a total put value of 121,729,500,000 Combined total value = 121,729,500,000
Strike 73 has a total call value of 0 versus a total put value of 118,720,687,500 Combined total value = 118,720,687,500
Strike 74 has a total call value of 0 versus a total put value of 112,703,062,500 Combined total value = 112,703,062,500
Strike 75 has a total call value of 0 versus a total put value of 106,685,437,500 Combined total value = 106,685,437,500
Strike 76 has a total call value of 0 versus a total put value of 100,667,812,500 Combined total value = 100,667,812,500
Strike 77 has a total call value of 0 versus a total put value of 94,650,187,500 Combined total value = 94,650,187,500
Strike 77.5 has a total call value of 0 versus a total put value of 91,641,375,000 Combined total value = 91,641,375,000
Strike 78 has a total call value of 0 versus a total put value of 88,632,562,500 Combined total value = 88,632,562,500
Strike 79 has a total call value of 0 versus a total put value of 82,614,937,500 Combined total value = 82,614,937,500
Strike 80 has a total call value of 0 versus a total put value of 76,597,312,500 Combined total value = 76,597,312,500
Strike 81 has a total call value of 20,250,000 versus a total put value of 70,862,062,500 Combined total value = 70,882,312,500
Strike 82 has a total call value of 40,500,000 versus a total put value of 65,126,812,500 Combined total value = 65,167,312,500
Strike 82.5 has a total call value of 50,625,000 versus a total put value of 62,259,187,500 Combined total value = 62,309,812,500
Strike 83 has a total call value of 60,750,000 versus a total put value of 59,391,562,500 Combined total value = 59,452,312,500
Strike 84 has a total call value of 81,000,000 versus a total put value of 53,715,937,500 Combined total value = 53,796,937,500
Strike 85 has a total call value of 101,250,000 versus a total put value of 48,051,562,500 Combined total value = 48,152,812,500
Strike 86 has a total call value of 121,500,000 versus a total put value of 42,874,312,500 Combined total value = 42,995,812,500
Strike 87 has a total call value of 141,750,000 versus a total put value of 37,812,937,500 Combined total value = 37,954,687,500
Strike 87.5 has a total call value of 151,875,000 versus a total put value of 35,328,937,500 Combined total value = 35,480,812,500
Strike 88 has a total call value of 163,125,000 versus a total put value of 32,846,625,000 Combined total value = 33,009,750,000
Strike 89 has a total call value of 185,625,000 versus a total put value of 27,949,500,000 Combined total value = 28,135,125,000
Strike 90 has a total call value of 208,125,000 versus a total put value of 23,130,000,000 Combined total value = 23,338,125,000
Strike 91 has a total call value of 570,375,000 versus a total put value of 19,432,125,000 Combined total value = 20,002,500,000
Strike 92 has a total call value of 932,625,000 versus a total put value of 15,813,000,000 Combined total value = 16,745,625,000
Strike 92.5 has a total call value of 1,127,812,500 versus a total put value of 14,051,250,000 Combined total value = 15,179,062,500
Strike 93 has a total call value of 1,323,000,000 versus a total put value of 12,312,562,500 Combined total value = 13,635,562,500
Strike 94 has a total call value of 1,723,500,000 versus a total put value of 9,606,937,500 Combined total value = 11,330,437,500
Strike 95 has a total call value of 2,182,500,000 versus a total put value of 7,057,687,500 Combined total value = 9,240,187,500
Strike 96 has a total call value of 3,540,375,000 versus a total put value of 5,410,687,500 Combined total value = 8,951,062,500
Strike 97 has a total call value of 5,008,500,000 versus a total put value of 3,903,187,500 Combined total value = 8,911,687,500
Strike 97.5 has a total call value of 5,888,250,000 versus a total put value of 3,229,312,500 Combined total value = 9,117,562,500
Strike 98 has a total call value of 6,800,062,500 versus a total put value of 2,569,500,000 Combined total value = 9,369,562,500
Strike 99 has a total call value of 9,110,812,500 versus a total put value of 1,454,625,000 Combined total value = 10,565,437,500
Strike 100 has a total call value of 11,711,812,500 versus a total put value of 435,375,000 Combined total value = 12,147,187,500
Strike 101 has a total call value of 17,262,562,500 versus a total put value of 322,875,000 Combined total value = 17,585,437,500
Strike 102 has a total call value of 22,992,187,500 versus a total put value of 239,625,000 Combined total value = 23,231,812,500
Strike 102.5 has a total call value of 25,952,625,000 versus a total put value of 198,000,000 Combined total value = 26,150,625,000
Strike 103 has a total call value of 28,950,187,500 versus a total put value of 156,375,000 Combined total value = 29,106,562,500
Strike 104 has a total call value of 35,001,562,500 versus a total put value of 77,625,000 Combined total value = 35,079,187,500
Strike 105 has a total call value of 41,139,562,500 versus a total put value of 5,625,000 Combined total value = 41,145,187,500
Strike 106 has a total call value of 48,313,687,500 versus a total put value of 3,375,000 Combined total value = 48,317,062,500
Strike 107 has a total call value of 55,590,187,500 versus a total put value of 1,125,000 Combined total value = 55,591,312,500
Strike 107.5 has a total call value of 59,228,437,500 versus a total put value of 0 Combined total value = 59,228,437,500
Strike 108 has a total call value of 62,872,312,500 versus a total put value of 0 Combined total value = 62,872,312,500
Strike 109 has a total call value of 70,304,062,500 versus a total put value of 0 Combined total value = 70,304,062,500
Strike 110 has a total call value of 77,735,812,500 versus a total put value of 0 Combined total value = 77,735,812,500
Strike 111 has a total call value of 86,902,312,500 versus a total put value of 0 Combined total value = 86,902,312,500
Strike 112 has a total call value of 96,068,812,500 versus a total put value of 0 Combined total value = 96,068,812,500
Strike 112.5 has a total call value of 100,652,062,500 versus a total put value of 0 Combined total value = 100,652,062,500
Strike 113 has a total call value of 105,235,312,500 versus a total put value of 0 Combined total value = 105,235,312,500
Strike 115 has a total call value of 123,568,312,500 versus a total put value of 0 Combined total value = 123,568,312,500
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.