GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
17 Oct 2024 04:11 PM IST
Max Pain for GMRINFRA is 90
Strike 75 has a total call value of 0 versus a total put value of 143,733,375,000 Combined total value = 143,733,375,000
Strike 76 has a total call value of 1,125,000 versus a total put value of 134,148,375,000 Combined total value = 134,149,500,000
Strike 77 has a total call value of 2,250,000 versus a total put value of 124,563,375,000 Combined total value = 124,565,625,000
Strike 77.5 has a total call value of 2,812,500 versus a total put value of 119,770,875,000 Combined total value = 119,773,687,500
Strike 78 has a total call value of 3,375,000 versus a total put value of 115,005,375,000 Combined total value = 115,008,750,000
Strike 79 has a total call value of 4,500,000 versus a total put value of 105,474,375,000 Combined total value = 105,478,875,000
Strike 80 has a total call value of 5,625,000 versus a total put value of 95,956,875,000 Combined total value = 95,962,500,000
Strike 81 has a total call value of 168,750,000 versus a total put value of 86,920,875,000 Combined total value = 87,089,625,000
Strike 82 has a total call value of 331,875,000 versus a total put value of 77,914,125,000 Combined total value = 78,246,000,000
Strike 82.5 has a total call value of 413,437,500 versus a total put value of 73,554,750,000 Combined total value = 73,968,187,500
Strike 83 has a total call value of 495,000,000 versus a total put value of 69,257,250,000 Combined total value = 69,752,250,000
Strike 84 has a total call value of 658,125,000 versus a total put value of 60,779,250,000 Combined total value = 61,437,375,000
Strike 85 has a total call value of 838,125,000 versus a total put value of 52,385,625,000 Combined total value = 53,223,750,000
Strike 86 has a total call value of 1,360,125,000 versus a total put value of 44,881,875,000 Combined total value = 46,242,000,000
Strike 87 has a total call value of 1,999,125,000 versus a total put value of 37,622,250,000 Combined total value = 39,621,375,000
Strike 87.5 has a total call value of 2,413,125,000 versus a total put value of 34,137,562,500 Combined total value = 36,550,687,500
Strike 88 has a total call value of 2,966,625,000 versus a total put value of 30,916,687,500 Combined total value = 33,883,312,500
Strike 89 has a total call value of 4,396,500,000 versus a total put value of 24,886,687,500 Combined total value = 29,283,187,500
Strike 90 has a total call value of 6,156,000,000 versus a total put value of 19,457,437,500 Combined total value = 25,613,437,500
Strike 91 has a total call value of 10,265,625,000 versus a total put value of 15,823,687,500 Combined total value = 26,089,312,500
Strike 92 has a total call value of 14,702,625,000 versus a total put value of 12,341,812,500 Combined total value = 27,044,437,500
Strike 92.5 has a total call value of 17,104,500,000 versus a total put value of 10,662,750,000 Combined total value = 27,767,250,000
Strike 93 has a total call value of 19,749,375,000 versus a total put value of 9,154,125,000 Combined total value = 28,903,500,000
Strike 94 has a total call value of 25,247,250,000 versus a total put value of 6,198,750,000 Combined total value = 31,446,000,000
Strike 95 has a total call value of 30,971,250,000 versus a total put value of 3,335,625,000 Combined total value = 34,306,875,000
Strike 96 has a total call value of 39,843,000,000 versus a total put value of 2,542,500,000 Combined total value = 42,385,500,000
Strike 97 has a total call value of 48,937,500,000 versus a total put value of 1,863,000,000 Combined total value = 50,800,500,000
Strike 97.5 has a total call value of 53,556,750,000 versus a total put value of 1,552,500,000 Combined total value = 55,109,250,000
Strike 98 has a total call value of 58,444,875,000 versus a total put value of 1,242,000,000 Combined total value = 59,686,875,000
Strike 99 has a total call value of 68,376,375,000 versus a total put value of 621,000,000 Combined total value = 68,997,375,000
Strike 100 has a total call value of 78,381,000,000 versus a total put value of 0 Combined total value = 78,381,000,000
Strike 101 has a total call value of 91,420,875,000 versus a total put value of 0 Combined total value = 91,420,875,000
Strike 102 has a total call value of 104,508,000,000 versus a total put value of 0 Combined total value = 104,508,000,000
Strike 102.5 has a total call value of 111,072,375,000 versus a total put value of 0 Combined total value = 111,072,375,000
Strike 103 has a total call value of 117,745,875,000 versus a total put value of 0 Combined total value = 117,745,875,000
Strike 104 has a total call value of 131,092,875,000 versus a total put value of 0 Combined total value = 131,092,875,000
Strike 105 has a total call value of 144,439,875,000 versus a total put value of 0 Combined total value = 144,439,875,000
Strike 106 has a total call value of 158,389,875,000 versus a total put value of 0 Combined total value = 158,389,875,000
Strike 107 has a total call value of 172,339,875,000 versus a total put value of 0 Combined total value = 172,339,875,000
Strike 107.5 has a total call value of 179,314,875,000 versus a total put value of 0 Combined total value = 179,314,875,000
Strike 108 has a total call value of 186,345,562,500 versus a total put value of 0 Combined total value = 186,345,562,500
Strike 109 has a total call value of 200,406,937,500 versus a total put value of 0 Combined total value = 200,406,937,500
Strike 110 has a total call value of 214,468,312,500 versus a total put value of 0 Combined total value = 214,468,312,500
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.
