GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
29 Oct 2024 04:11 PM IST
Max Pain for GMRINFRA is 89
Strike 70 has a total call value of 0 versus a total put value of 127,908,000,000 Combined total value = 127,908,000,000
Strike 71 has a total call value of 0 versus a total put value of 120,947,625,000 Combined total value = 120,947,625,000
Strike 72 has a total call value of 0 versus a total put value of 113,987,250,000 Combined total value = 113,987,250,000
Strike 72.5 has a total call value of 0 versus a total put value of 110,523,375,000 Combined total value = 110,523,375,000
Strike 73 has a total call value of 0 versus a total put value of 107,059,500,000 Combined total value = 107,059,500,000
Strike 74 has a total call value of 0 versus a total put value of 100,145,250,000 Combined total value = 100,145,250,000
Strike 75 has a total call value of 0 versus a total put value of 93,267,000,000 Combined total value = 93,267,000,000
Strike 76 has a total call value of 29,250,000 versus a total put value of 86,667,750,000 Combined total value = 86,697,000,000
Strike 77 has a total call value of 86,625,000 versus a total put value of 80,220,375,000 Combined total value = 80,307,000,000
Strike 77.5 has a total call value of 159,750,000 versus a total put value of 77,048,437,500 Combined total value = 77,208,187,500
Strike 78 has a total call value of 232,875,000 versus a total put value of 73,900,125,000 Combined total value = 74,133,000,000
Strike 79 has a total call value of 491,625,000 versus a total put value of 67,777,875,000 Combined total value = 68,269,500,000
Strike 80 has a total call value of 902,250,000 versus a total put value of 61,769,250,000 Combined total value = 62,671,500,000
Strike 81 has a total call value of 1,878,750,000 versus a total put value of 56,113,875,000 Combined total value = 57,992,625,000
Strike 82 has a total call value of 3,006,000,000 versus a total put value of 50,535,000,000 Combined total value = 53,541,000,000
Strike 82.5 has a total call value of 3,691,687,500 versus a total put value of 47,879,437,500 Combined total value = 51,571,125,000
Strike 83 has a total call value of 4,505,625,000 versus a total put value of 45,255,375,000 Combined total value = 49,761,000,000
Strike 84 has a total call value of 6,367,500,000 versus a total put value of 40,105,125,000 Combined total value = 46,472,625,000
Strike 85 has a total call value of 8,382,375,000 versus a total put value of 35,076,375,000 Combined total value = 43,458,750,000
Strike 86 has a total call value of 11,191,500,000 versus a total put value of 30,488,625,000 Combined total value = 41,680,125,000
Strike 87 has a total call value of 14,223,375,000 versus a total put value of 26,056,125,000 Combined total value = 40,279,500,000
Strike 87.5 has a total call value of 15,827,062,500 versus a total put value of 23,887,687,500 Combined total value = 39,714,750,000
Strike 88 has a total call value of 17,515,125,000 versus a total put value of 21,878,437,500 Combined total value = 39,393,562,500
Strike 89 has a total call value of 21,123,000,000 versus a total put value of 18,017,437,500 Combined total value = 39,140,437,500
Strike 90 has a total call value of 24,993,000,000 versus a total put value of 14,348,812,500 Combined total value = 39,341,812,500
Strike 91 has a total call value of 30,264,750,000 versus a total put value of 11,872,687,500 Combined total value = 42,137,437,500
Strike 92 has a total call value of 35,736,750,000 versus a total put value of 9,521,437,500 Combined total value = 45,258,187,500
Strike 92.5 has a total call value of 38,588,062,500 versus a total put value of 8,400,937,500 Combined total value = 46,989,000,000
Strike 93 has a total call value of 41,599,687,500 versus a total put value of 7,401,375,000 Combined total value = 49,001,062,500
Strike 94 has a total call value of 47,753,437,500 versus a total put value of 5,454,000,000 Combined total value = 53,207,437,500
Strike 95 has a total call value of 54,041,062,500 versus a total put value of 3,594,375,000 Combined total value = 57,635,437,500
Strike 96 has a total call value of 62,323,312,500 versus a total put value of 2,857,500,000 Combined total value = 65,180,812,500
Strike 97 has a total call value of 70,765,312,500 versus a total put value of 2,216,250,000 Combined total value = 72,981,562,500
Strike 97.5 has a total call value of 74,986,312,500 versus a total put value of 1,895,625,000 Combined total value = 76,881,937,500
Strike 98 has a total call value of 79,383,375,000 versus a total put value of 1,643,625,000 Combined total value = 81,027,000,000
Strike 99 has a total call value of 88,283,250,000 versus a total put value of 1,139,625,000 Combined total value = 89,422,875,000
Strike 100 has a total call value of 97,183,125,000 versus a total put value of 635,625,000 Combined total value = 97,818,750,000
Strike 101 has a total call value of 108,343,125,000 versus a total put value of 550,125,000 Combined total value = 108,893,250,000
Strike 102 has a total call value of 119,534,625,000 versus a total put value of 464,625,000 Combined total value = 119,999,250,000
Strike 102.5 has a total call value of 125,143,875,000 versus a total put value of 421,875,000 Combined total value = 125,565,750,000
Strike 103 has a total call value of 130,846,500,000 versus a total put value of 379,125,000 Combined total value = 131,225,625,000
Strike 104 has a total call value of 142,251,750,000 versus a total put value of 293,625,000 Combined total value = 142,545,375,000
Strike 105 has a total call value of 153,684,000,000 versus a total put value of 208,125,000 Combined total value = 153,892,125,000
Strike 106 has a total call value of 165,613,500,000 versus a total put value of 166,500,000 Combined total value = 165,780,000,000
Strike 107 has a total call value of 177,543,000,000 versus a total put value of 124,875,000 Combined total value = 177,667,875,000
Strike 107.5 has a total call value of 183,507,750,000 versus a total put value of 104,062,500 Combined total value = 183,611,812,500
Strike 108 has a total call value of 189,472,500,000 versus a total put value of 83,250,000 Combined total value = 189,555,750,000
Strike 109 has a total call value of 201,402,000,000 versus a total put value of 41,625,000 Combined total value = 201,443,625,000
Strike 110 has a total call value of 213,331,500,000 versus a total put value of 0 Combined total value = 213,331,500,000
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.