GNFC
Guj Nar Val Fer & Chem L
Max pain for GNFC
11 Oct 2024 04:13 PM IST
Max Pain for GNFC is 680
Strike 600 has a total call value of 0 versus a total put value of 4,175,990,000 Combined total value = 4,175,990,000
Strike 603.5 has a total call value of 455,000 versus a total put value of 3,918,005,000 Combined total value = 3,918,460,000
Strike 610 has a total call value of 1,300,000 versus a total put value of 3,438,890,000 Combined total value = 3,440,190,000
Strike 613.5 has a total call value of 9,490,000 versus a total put value of 3,180,905,000 Combined total value = 3,190,395,000
Strike 620 has a total call value of 24,700,000 versus a total put value of 2,701,790,000 Combined total value = 2,726,490,000
Strike 623.5 has a total call value of 33,345,000 versus a total put value of 2,505,685,000 Combined total value = 2,539,030,000
Strike 630 has a total call value of 49,400,000 versus a total put value of 2,141,490,000 Combined total value = 2,190,890,000
Strike 633.5 has a total call value of 58,045,000 versus a total put value of 2,027,740,000 Combined total value = 2,085,785,000
Strike 640 has a total call value of 74,100,000 versus a total put value of 1,816,490,000 Combined total value = 1,890,590,000
Strike 643.5 has a total call value of 82,745,000 versus a total put value of 1,702,740,000 Combined total value = 1,785,485,000
Strike 650 has a total call value of 98,800,000 versus a total put value of 1,491,490,000 Combined total value = 1,590,290,000
Strike 653.5 has a total call value of 107,445,000 versus a total put value of 1,377,740,000 Combined total value = 1,485,185,000
Strike 660 has a total call value of 161,525,000 versus a total put value of 1,166,490,000 Combined total value = 1,328,015,000
Strike 663.5 has a total call value of 190,645,000 versus a total put value of 1,052,740,000 Combined total value = 1,243,385,000
Strike 670 has a total call value of 244,725,000 versus a total put value of 841,490,000 Combined total value = 1,086,215,000
Strike 673.5 has a total call value of 273,845,000 versus a total put value of 801,905,000 Combined total value = 1,075,750,000
Strike 680 has a total call value of 327,925,000 versus a total put value of 728,390,000 Combined total value = 1,056,315,000
Strike 683.5 has a total call value of 466,245,000 versus a total put value of 688,805,000 Combined total value = 1,155,050,000
Strike 690 has a total call value of 723,125,000 versus a total put value of 615,290,000 Combined total value = 1,338,415,000
Strike 693.5 has a total call value of 950,625,000 versus a total put value of 575,705,000 Combined total value = 1,526,330,000
Strike 700 has a total call value of 1,373,125,000 versus a total put value of 502,190,000 Combined total value = 1,875,315,000
Strike 703.5 has a total call value of 2,226,250,000 versus a total put value of 462,605,000 Combined total value = 2,688,855,000
Strike 710 has a total call value of 3,849,495,000 versus a total put value of 399,230,000 Combined total value = 4,248,725,000
Strike 713.5 has a total call value of 4,813,185,000 versus a total put value of 369,655,000 Combined total value = 5,182,840,000
Strike 720 has a total call value of 6,644,300,000 versus a total put value of 314,730,000 Combined total value = 6,959,030,000
Strike 723.5 has a total call value of 7,815,925,000 versus a total put value of 291,980,000 Combined total value = 8,107,905,000
Strike 730 has a total call value of 9,991,800,000 versus a total put value of 249,730,000 Combined total value = 10,241,530,000
Strike 733.5 has a total call value of 11,386,375,000 versus a total put value of 227,435,000 Combined total value = 11,613,810,000
Strike 740 has a total call value of 13,976,300,000 versus a total put value of 187,720,000 Combined total value = 14,164,020,000
Strike 743.5 has a total call value of 15,424,565,000 versus a total put value of 167,700,000 Combined total value = 15,592,265,000
Strike 750 has a total call value of 18,114,200,000 versus a total put value of 130,520,000 Combined total value = 18,244,720,000
Strike 753.5 has a total call value of 19,896,890,000 versus a total put value of 110,500,000 Combined total value = 20,007,390,000
Strike 760 has a total call value of 23,207,600,000 versus a total put value of 73,320,000 Combined total value = 23,280,920,000
Strike 763.5 has a total call value of 25,034,880,000 versus a total put value of 62,400,000 Combined total value = 25,097,280,000
Strike 770 has a total call value of 28,428,400,000 versus a total put value of 42,120,000 Combined total value = 28,470,520,000
Strike 780 has a total call value of 33,649,200,000 versus a total put value of 10,920,000 Combined total value = 33,660,120,000
Strike 783.5 has a total call value of 35,476,480,000 versus a total put value of 0 Combined total value = 35,476,480,000
Strike 790 has a total call value of 38,870,000,000 versus a total put value of 0 Combined total value = 38,870,000,000
Strike 800 has a total call value of 44,090,800,000 versus a total put value of 0 Combined total value = 44,090,800,000
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.