GNFC
Guj Nar Val Fer & Chem L
Max pain for GNFC
16 Sep 2024 04:13 PM IST
Max Pain for GNFC is 663.5
Strike 553.5 has a total call value of 0 versus a total put value of 27,779,830,000 Combined total value = 27,779,830,000
Strike 560 has a total call value of 0 versus a total put value of 25,849,850,000 Combined total value = 25,849,850,000
Strike 563.5 has a total call value of 0 versus a total put value of 24,810,630,000 Combined total value = 24,810,630,000
Strike 570 has a total call value of 0 versus a total put value of 22,880,650,000 Combined total value = 22,880,650,000
Strike 573.5 has a total call value of 0 versus a total put value of 21,841,430,000 Combined total value = 21,841,430,000
Strike 580 has a total call value of 0 versus a total put value of 19,911,450,000 Combined total value = 19,911,450,000
Strike 583.5 has a total call value of 0 versus a total put value of 18,872,230,000 Combined total value = 18,872,230,000
Strike 590 has a total call value of 0 versus a total put value of 17,053,790,000 Combined total value = 17,053,790,000
Strike 593.5 has a total call value of 0 versus a total put value of 16,074,630,000 Combined total value = 16,074,630,000
Strike 600 has a total call value of 0 versus a total put value of 14,265,485,000 Combined total value = 14,265,485,000
Strike 603.5 has a total call value of 0 versus a total put value of 13,297,700,000 Combined total value = 13,297,700,000
Strike 610 has a total call value of 0 versus a total put value of 11,559,535,000 Combined total value = 11,559,535,000
Strike 613.5 has a total call value of 0 versus a total put value of 10,623,600,000 Combined total value = 10,623,600,000
Strike 620 has a total call value of 0 versus a total put value of 8,956,415,000 Combined total value = 8,956,415,000
Strike 623.5 has a total call value of 0 versus a total put value of 8,067,800,000 Combined total value = 8,067,800,000
Strike 630 has a total call value of 1,690,000 versus a total put value of 6,475,820,000 Combined total value = 6,477,510,000
Strike 633.5 has a total call value of 3,055,000 versus a total put value of 5,673,200,000 Combined total value = 5,676,255,000
Strike 640 has a total call value of 19,110,000 versus a total put value of 4,473,300,000 Combined total value = 4,492,410,000
Strike 643.5 has a total call value of 31,395,000 versus a total put value of 3,890,445,000 Combined total value = 3,921,840,000
Strike 650 has a total call value of 71,110,000 versus a total put value of 2,922,920,000 Combined total value = 2,994,030,000
Strike 653.5 has a total call value of 140,270,000 versus a total put value of 2,509,325,000 Combined total value = 2,649,595,000
Strike 660 has a total call value of 320,255,000 versus a total put value of 1,856,985,000 Combined total value = 2,177,240,000
Strike 663.5 has a total call value of 554,125,000 versus a total put value of 1,561,235,000 Combined total value = 2,115,360,000
Strike 670 has a total call value of 1,144,780,000 versus a total put value of 1,149,720,000 Combined total value = 2,294,500,000
Strike 673.5 has a total call value of 1,554,280,000 versus a total put value of 941,330,000 Combined total value = 2,495,610,000
Strike 680 has a total call value of 2,422,095,000 versus a total put value of 637,130,000 Combined total value = 3,059,225,000
Strike 683.5 has a total call value of 3,013,595,000 versus a total put value of 483,340,000 Combined total value = 3,496,935,000
Strike 690 has a total call value of 4,748,380,000 versus a total put value of 397,150,000 Combined total value = 5,145,530,000
Strike 693.5 has a total call value of 5,706,155,000 versus a total put value of 353,015,000 Combined total value = 6,059,170,000
Strike 700 has a total call value of 7,823,725,000 versus a total put value of 310,765,000 Combined total value = 8,134,490,000
Strike 703.5 has a total call value of 9,035,845,000 versus a total put value of 291,200,000 Combined total value = 9,327,045,000
Strike 710 has a total call value of 11,498,175,000 versus a total put value of 254,865,000 Combined total value = 11,753,040,000
Strike 713.5 has a total call value of 12,833,600,000 versus a total put value of 235,300,000 Combined total value = 13,068,900,000
Strike 720 has a total call value of 15,492,815,000 versus a total put value of 198,965,000 Combined total value = 15,691,780,000
Strike 723.5 has a total call value of 16,960,190,000 versus a total put value of 179,400,000 Combined total value = 17,139,590,000
Strike 730 has a total call value of 19,824,740,000 versus a total put value of 143,065,000 Combined total value = 19,967,805,000
Strike 733.5 has a total call value of 21,367,190,000 versus a total put value of 123,500,000 Combined total value = 21,490,690,000
Strike 740 has a total call value of 24,550,305,000 versus a total put value of 107,445,000 Combined total value = 24,657,750,000
Strike 743.5 has a total call value of 26,264,290,000 versus a total put value of 98,800,000 Combined total value = 26,363,090,000
Strike 750 has a total call value of 29,496,415,000 versus a total put value of 82,745,000 Combined total value = 29,579,160,000
Strike 753.5 has a total call value of 31,240,430,000 versus a total put value of 74,100,000 Combined total value = 31,314,530,000
Strike 760 has a total call value of 34,537,620,000 versus a total put value of 58,045,000 Combined total value = 34,595,665,000
Strike 763.5 has a total call value of 36,313,030,000 versus a total put value of 49,400,000 Combined total value = 36,362,430,000
Strike 770 has a total call value of 39,648,245,000 versus a total put value of 33,345,000 Combined total value = 39,681,590,000
Strike 773.5 has a total call value of 41,444,130,000 versus a total put value of 24,700,000 Combined total value = 41,468,830,000
Strike 780 has a total call value of 44,779,345,000 versus a total put value of 8,645,000 Combined total value = 44,787,990,000
Strike 783.5 has a total call value of 46,575,230,000 versus a total put value of 0 Combined total value = 46,575,230,000
Strike 790 has a total call value of 50,144,510,000 versus a total put value of 0 Combined total value = 50,144,510,000
Strike 793.5 has a total call value of 52,066,430,000 versus a total put value of 0 Combined total value = 52,066,430,000
Strike 800 has a total call value of 55,635,710,000 versus a total put value of 0 Combined total value = 55,635,710,000
Strike 803.5 has a total call value of 57,557,630,000 versus a total put value of 0 Combined total value = 57,557,630,000
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.