GMRINFRA
GMR AIRPORTS INFRA LTD
Max pain for GMRINFRA
04 Jul 2024 12:31 PM IST
Max Pain for GMRINFRA is 97
Strike 75 has a total call value of 0 versus a total put value of 109,874,812,500 Combined total value = 109,874,812,500
Strike 76 has a total call value of 0 versus a total put value of 103,544,437,500 Combined total value = 103,544,437,500
Strike 77 has a total call value of 0 versus a total put value of 97,214,062,500 Combined total value = 97,214,062,500
Strike 77.5 has a total call value of 0 versus a total put value of 94,057,875,000 Combined total value = 94,057,875,000
Strike 78 has a total call value of 0 versus a total put value of 90,901,687,500 Combined total value = 90,901,687,500
Strike 79 has a total call value of 0 versus a total put value of 84,589,312,500 Combined total value = 84,589,312,500
Strike 80 has a total call value of 0 versus a total put value of 78,288,187,500 Combined total value = 78,288,187,500
Strike 81 has a total call value of 0 versus a total put value of 72,269,437,500 Combined total value = 72,269,437,500
Strike 82 has a total call value of 0 versus a total put value of 66,299,062,500 Combined total value = 66,299,062,500
Strike 82.5 has a total call value of 0 versus a total put value of 63,313,875,000 Combined total value = 63,313,875,000
Strike 83 has a total call value of 0 versus a total put value of 60,328,687,500 Combined total value = 60,328,687,500
Strike 84 has a total call value of 0 versus a total put value of 54,412,312,500 Combined total value = 54,412,312,500
Strike 85 has a total call value of 0 versus a total put value of 48,495,937,500 Combined total value = 48,495,937,500
Strike 86 has a total call value of 30,375,000 versus a total put value of 43,166,812,500 Combined total value = 43,197,187,500
Strike 87 has a total call value of 60,750,000 versus a total put value of 37,955,812,500 Combined total value = 38,016,562,500
Strike 87.5 has a total call value of 75,937,500 versus a total put value of 35,421,750,000 Combined total value = 35,497,687,500
Strike 88 has a total call value of 92,250,000 versus a total put value of 32,892,187,500 Combined total value = 32,984,437,500
Strike 89 has a total call value of 124,875,000 versus a total put value of 27,929,812,500 Combined total value = 28,054,687,500
Strike 90 has a total call value of 157,500,000 versus a total put value of 23,048,437,500 Combined total value = 23,205,937,500
Strike 91 has a total call value of 509,625,000 versus a total put value of 19,352,812,500 Combined total value = 19,862,437,500
Strike 92 has a total call value of 876,375,000 versus a total put value of 15,743,812,500 Combined total value = 16,620,187,500
Strike 92.5 has a total call value of 1,074,375,000 versus a total put value of 14,005,687,500 Combined total value = 15,080,062,500
Strike 93 has a total call value of 1,272,375,000 versus a total put value of 12,297,937,500 Combined total value = 13,570,312,500
Strike 94 has a total call value of 1,685,250,000 versus a total put value of 9,677,812,500 Combined total value = 11,363,062,500
Strike 95 has a total call value of 2,161,125,000 versus a total put value of 7,228,687,500 Combined total value = 9,389,812,500
Strike 96 has a total call value of 3,469,500,000 versus a total put value of 5,538,937,500 Combined total value = 9,008,437,500
Strike 97 has a total call value of 4,921,875,000 versus a total put value of 4,003,312,500 Combined total value = 8,925,187,500
Strike 97.5 has a total call value of 5,779,125,000 versus a total put value of 3,310,875,000 Combined total value = 9,090,000,000
Strike 98 has a total call value of 6,670,125,000 versus a total put value of 2,637,562,500 Combined total value = 9,307,687,500
Strike 99 has a total call value of 9,006,750,000 versus a total put value of 1,511,437,500 Combined total value = 10,518,187,500
Strike 100 has a total call value of 11,662,875,000 versus a total put value of 473,062,500 Combined total value = 12,135,937,500
Strike 101 has a total call value of 17,525,250,000 versus a total put value of 334,687,500 Combined total value = 17,859,937,500
Strike 102 has a total call value of 23,556,375,000 versus a total put value of 227,812,500 Combined total value = 23,784,187,500
Strike 102.5 has a total call value of 26,672,625,000 versus a total put value of 182,812,500 Combined total value = 26,855,437,500
Strike 103 has a total call value of 29,826,000,000 versus a total put value of 146,250,000 Combined total value = 29,972,250,000
Strike 104 has a total call value of 36,198,000,000 versus a total put value of 73,125,000 Combined total value = 36,271,125,000
Strike 105 has a total call value of 42,671,250,000 versus a total put value of 0 Combined total value = 42,671,250,000
Strike 106 has a total call value of 50,284,125,000 versus a total put value of 0 Combined total value = 50,284,125,000
Strike 107.5 has a total call value of 61,843,500,000 versus a total put value of 0 Combined total value = 61,843,500,000
Strike 108 has a total call value of 65,705,062,500 versus a total put value of 0 Combined total value = 65,705,062,500
Strike 110 has a total call value of 82,037,812,500 versus a total put value of 0 Combined total value = 82,037,812,500
Strike 111 has a total call value of 91,935,562,500 versus a total put value of 0 Combined total value = 91,935,562,500
Strike 112 has a total call value of 101,833,312,500 versus a total put value of 0 Combined total value = 101,833,312,500
Strike 112.5 has a total call value of 106,782,187,500 versus a total put value of 0 Combined total value = 106,782,187,500
Strike 113 has a total call value of 111,731,062,500 versus a total put value of 0 Combined total value = 111,731,062,500
Strike 115 has a total call value of 131,526,562,500 versus a total put value of 0 Combined total value = 131,526,562,500
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.