GMRINFRA
Gmr Airports Infra Ltd
Max pain for GMRINFRA
18 Oct 2024 10:51 AM IST
Max Pain for GMRINFRA is 90
Strike 75 has a total call value of 0 versus a total put value of 137,463,187,500 Combined total value = 137,463,187,500
Strike 76 has a total call value of 0 versus a total put value of 128,215,687,500 Combined total value = 128,215,687,500
Strike 77 has a total call value of 0 versus a total put value of 118,968,187,500 Combined total value = 118,968,187,500
Strike 77.5 has a total call value of 0 versus a total put value of 114,344,437,500 Combined total value = 114,344,437,500
Strike 78 has a total call value of 0 versus a total put value of 109,720,687,500 Combined total value = 109,720,687,500
Strike 79 has a total call value of 0 versus a total put value of 100,503,562,500 Combined total value = 100,503,562,500
Strike 80 has a total call value of 0 versus a total put value of 91,301,062,500 Combined total value = 91,301,062,500
Strike 81 has a total call value of 166,500,000 versus a total put value of 82,563,187,500 Combined total value = 82,729,687,500
Strike 82 has a total call value of 333,000,000 versus a total put value of 73,854,562,500 Combined total value = 74,187,562,500
Strike 82.5 has a total call value of 416,250,000 versus a total put value of 69,645,375,000 Combined total value = 70,061,625,000
Strike 83 has a total call value of 501,187,500 versus a total put value of 65,507,062,500 Combined total value = 66,008,250,000
Strike 84 has a total call value of 681,187,500 versus a total put value of 57,364,312,500 Combined total value = 58,045,500,000
Strike 85 has a total call value of 943,312,500 versus a total put value of 49,353,187,500 Combined total value = 50,296,500,000
Strike 86 has a total call value of 1,637,437,500 versus a total put value of 42,303,937,500 Combined total value = 43,941,375,000
Strike 87 has a total call value of 2,503,687,500 versus a total put value of 35,496,562,500 Combined total value = 38,000,250,000
Strike 87.5 has a total call value of 3,035,250,000 versus a total put value of 32,214,937,500 Combined total value = 35,250,187,500
Strike 88 has a total call value of 3,702,375,000 versus a total put value of 29,185,312,500 Combined total value = 32,887,687,500
Strike 89 has a total call value of 5,350,500,000 versus a total put value of 23,489,437,500 Combined total value = 28,839,937,500
Strike 90 has a total call value of 7,329,375,000 versus a total put value of 18,356,062,500 Combined total value = 25,685,437,500
Strike 91 has a total call value of 11,666,250,000 versus a total put value of 14,939,437,500 Combined total value = 26,605,687,500
Strike 92 has a total call value of 16,277,625,000 versus a total put value of 11,672,437,500 Combined total value = 27,950,062,500
Strike 92.5 has a total call value of 18,770,062,500 versus a total put value of 10,100,250,000 Combined total value = 28,870,312,500
Strike 93 has a total call value of 21,497,062,500 versus a total put value of 8,698,500,000 Combined total value = 30,195,562,500
Strike 94 has a total call value of 27,162,562,500 versus a total put value of 5,954,625,000 Combined total value = 33,117,187,500
Strike 95 has a total call value of 33,037,312,500 versus a total put value of 3,210,750,000 Combined total value = 36,248,062,500
Strike 96 has a total call value of 42,059,812,500 versus a total put value of 2,533,500,000 Combined total value = 44,593,312,500
Strike 97 has a total call value of 51,293,812,500 versus a total put value of 1,856,250,000 Combined total value = 53,150,062,500
Strike 97.5 has a total call value of 55,978,312,500 versus a total put value of 1,546,875,000 Combined total value = 57,525,187,500
Strike 98 has a total call value of 60,926,062,500 versus a total put value of 1,237,500,000 Combined total value = 62,163,562,500
Strike 99 has a total call value of 70,976,812,500 versus a total put value of 618,750,000 Combined total value = 71,595,562,500
Strike 100 has a total call value of 81,101,812,500 versus a total put value of 0 Combined total value = 81,101,812,500
Strike 101 has a total call value of 94,173,187,500 versus a total put value of 0 Combined total value = 94,173,187,500
Strike 102 has a total call value of 107,290,687,500 versus a total put value of 0 Combined total value = 107,290,687,500
Strike 102.5 has a total call value of 113,849,437,500 versus a total put value of 0 Combined total value = 113,849,437,500
Strike 103 has a total call value of 120,515,062,500 versus a total put value of 0 Combined total value = 120,515,062,500
Strike 104 has a total call value of 133,846,312,500 versus a total put value of 0 Combined total value = 133,846,312,500
Strike 105 has a total call value of 147,210,187,500 versus a total put value of 0 Combined total value = 147,210,187,500
Strike 106 has a total call value of 161,143,312,500 versus a total put value of 0 Combined total value = 161,143,312,500
Strike 107 has a total call value of 175,076,437,500 versus a total put value of 0 Combined total value = 175,076,437,500
Strike 107.5 has a total call value of 182,043,000,000 versus a total put value of 0 Combined total value = 182,043,000,000
Strike 108 has a total call value of 189,009,562,500 versus a total put value of 0 Combined total value = 189,009,562,500
Strike 109 has a total call value of 202,942,687,500 versus a total put value of 0 Combined total value = 202,942,687,500
Strike 110 has a total call value of 216,875,812,500 versus a total put value of 0 Combined total value = 216,875,812,500
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.
