GNFC
Guj Nar Val Fer & Chem L
Max pain for GNFC
06 Sep 2024 04:13 PM IST
Max Pain for GNFC is 683.5
Strike 583.5 has a total call value of 0 versus a total put value of 16,090,100,000 Combined total value = 16,090,100,000
Strike 593.5 has a total call value of 0 versus a total put value of 13,885,300,000 Combined total value = 13,885,300,000
Strike 603.5 has a total call value of 0 versus a total put value of 11,684,400,000 Combined total value = 11,684,400,000
Strike 613.5 has a total call value of 0 versus a total put value of 9,558,900,000 Combined total value = 9,558,900,000
Strike 623.5 has a total call value of 0 versus a total put value of 7,543,900,000 Combined total value = 7,543,900,000
Strike 633.5 has a total call value of 0 versus a total put value of 5,640,700,000 Combined total value = 5,640,700,000
Strike 643.5 has a total call value of 29,900,000 versus a total put value of 4,212,000,000 Combined total value = 4,241,900,000
Strike 653.5 has a total call value of 79,300,000 versus a total put value of 3,036,800,000 Combined total value = 3,116,100,000
Strike 663.5 has a total call value of 141,700,000 versus a total put value of 2,041,000,000 Combined total value = 2,182,700,000
Strike 673.5 has a total call value of 341,900,000 versus a total put value of 1,235,000,000 Combined total value = 1,576,900,000
Strike 683.5 has a total call value of 674,700,000 versus a total put value of 564,200,000 Combined total value = 1,238,900,000
Strike 693.5 has a total call value of 1,840,800,000 versus a total put value of 390,000,000 Combined total value = 2,230,800,000
Strike 703.5 has a total call value of 3,394,300,000 versus a total put value of 269,100,000 Combined total value = 3,663,400,000
Strike 713.5 has a total call value of 5,253,300,000 versus a total put value of 192,400,000 Combined total value = 5,445,700,000
Strike 723.5 has a total call value of 7,407,400,000 versus a total put value of 118,300,000 Combined total value = 7,525,700,000
Strike 733.5 has a total call value of 9,740,900,000 versus a total put value of 71,500,000 Combined total value = 9,812,400,000
Strike 743.5 has a total call value of 12,658,100,000 versus a total put value of 57,200,000 Combined total value = 12,715,300,000
Strike 753.5 has a total call value of 15,746,900,000 versus a total put value of 42,900,000 Combined total value = 15,789,800,000
Strike 763.5 has a total call value of 18,952,700,000 versus a total put value of 28,600,000 Combined total value = 18,981,300,000
Strike 773.5 has a total call value of 22,283,300,000 versus a total put value of 14,300,000 Combined total value = 22,297,600,000
Strike 783.5 has a total call value of 25,613,900,000 versus a total put value of 0 Combined total value = 25,613,900,000
Strike 793.5 has a total call value of 29,422,900,000 versus a total put value of 0 Combined total value = 29,422,900,000
Strike 803.5 has a total call value of 33,231,900,000 versus a total put value of 0 Combined total value = 33,231,900,000
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.