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GRANULES
Granules India Limited

594.25 15.85 (2.74%)

Max pain for GRANULES

11 Oct 2024 11:13 AM IST

Max Pain for GRANULES is 590  



Strike  505  has a total call value of 0  versus a total put value of  24,915,000,000 Combined total value = 24,915,000,000

Strike  510  has a total call value of 2,000,000  versus a total put value of  23,081,000,000 Combined total value = 23,083,000,000

Strike  520  has a total call value of 10,000,000  versus a total put value of  19,413,000,000 Combined total value = 19,423,000,000

Strike  525  has a total call value of 16,000,000  versus a total put value of  17,579,000,000 Combined total value = 17,595,000,000

Strike  530  has a total call value of 22,000,000  versus a total put value of  15,745,000,000 Combined total value = 15,767,000,000

Strike  540  has a total call value of 34,000,000  versus a total put value of  12,263,000,000 Combined total value = 12,297,000,000

Strike  545  has a total call value of 58,000,000  versus a total put value of  10,666,000,000 Combined total value = 10,724,000,000

Strike  550  has a total call value of 89,000,000  versus a total put value of  9,069,000,000 Combined total value = 9,158,000,000

Strike  555  has a total call value of 120,000,000  versus a total put value of  7,756,000,000 Combined total value = 7,876,000,000

Strike  560  has a total call value of 151,000,000  versus a total put value of  6,443,000,000 Combined total value = 6,594,000,000

Strike  565  has a total call value of 182,000,000  versus a total put value of  5,557,000,000 Combined total value = 5,739,000,000

Strike  570  has a total call value of 258,000,000  versus a total put value of  4,671,000,000 Combined total value = 4,929,000,000

Strike  575  has a total call value of 334,000,000  versus a total put value of  3,955,000,000 Combined total value = 4,289,000,000

Strike  580  has a total call value of 410,000,000  versus a total put value of  3,239,000,000 Combined total value = 3,649,000,000

Strike  585  has a total call value of 638,000,000  versus a total put value of  2,741,000,000 Combined total value = 3,379,000,000

Strike  590  has a total call value of 866,000,000  versus a total put value of  2,243,000,000 Combined total value = 3,109,000,000

Strike  595  has a total call value of 1,242,000,000  versus a total put value of  1,875,000,000 Combined total value = 3,117,000,000

Strike  600  has a total call value of 1,618,000,000  versus a total put value of  1,507,000,000 Combined total value = 3,125,000,000

Strike  605  has a total call value of 2,622,000,000  versus a total put value of  1,412,000,000 Combined total value = 4,034,000,000

Strike  610  has a total call value of 3,626,000,000  versus a total put value of  1,317,000,000 Combined total value = 4,943,000,000

Strike  615  has a total call value of 4,788,000,000  versus a total put value of  1,222,000,000 Combined total value = 6,010,000,000

Strike  620  has a total call value of 5,950,000,000  versus a total put value of  1,127,000,000 Combined total value = 7,077,000,000

Strike  625  has a total call value of 7,283,000,000  versus a total put value of  1,032,000,000 Combined total value = 8,315,000,000

Strike  630  has a total call value of 8,671,000,000  versus a total put value of  938,000,000 Combined total value = 9,609,000,000

Strike  635  has a total call value of 10,226,000,000  versus a total put value of  844,000,000 Combined total value = 11,070,000,000

Strike  640  has a total call value of 11,781,000,000  versus a total put value of  758,000,000 Combined total value = 12,539,000,000

Strike  645  has a total call value of 13,484,000,000  versus a total put value of  675,000,000 Combined total value = 14,159,000,000

Strike  650  has a total call value of 15,187,000,000  versus a total put value of  598,000,000 Combined total value = 15,785,000,000

Strike  655  has a total call value of 17,161,000,000  versus a total put value of  521,000,000 Combined total value = 17,682,000,000

Strike  660  has a total call value of 19,135,000,000  versus a total put value of  445,000,000 Combined total value = 19,580,000,000

Strike  665  has a total call value of 21,181,000,000  versus a total put value of  379,000,000 Combined total value = 21,560,000,000

Strike  670  has a total call value of 23,227,000,000  versus a total put value of  316,000,000 Combined total value = 23,543,000,000

Strike  675  has a total call value of 25,445,000,000  versus a total put value of  267,000,000 Combined total value = 25,712,000,000

Strike  680  has a total call value of 27,663,000,000  versus a total put value of  218,000,000 Combined total value = 27,881,000,000

Strike  685  has a total call value of 30,043,000,000  versus a total put value of  169,000,000 Combined total value = 30,212,000,000

Strike  690  has a total call value of 32,423,000,000  versus a total put value of  120,000,000 Combined total value = 32,543,000,000

Strike  695  has a total call value of 34,803,000,000  versus a total put value of  79,000,000 Combined total value = 34,882,000,000

Strike  700  has a total call value of 37,183,000,000  versus a total put value of  38,000,000 Combined total value = 37,221,000,000

Strike  705  has a total call value of 39,882,000,000  versus a total put value of  27,000,000 Combined total value = 39,909,000,000

Strike  710  has a total call value of 42,588,000,000  versus a total put value of  18,000,000 Combined total value = 42,606,000,000

Strike  715  has a total call value of 45,324,000,000  versus a total put value of  15,000,000 Combined total value = 45,339,000,000

Strike  720  has a total call value of 48,060,000,000  versus a total put value of  12,000,000 Combined total value = 48,072,000,000

Strike  725  has a total call value of 50,796,000,000  versus a total put value of  11,000,000 Combined total value = 50,807,000,000

Strike  730  has a total call value of 53,532,000,000  versus a total put value of  10,000,000 Combined total value = 53,542,000,000

Strike  735  has a total call value of 56,268,000,000  versus a total put value of  9,000,000 Combined total value = 56,277,000,000

Strike  740  has a total call value of 59,004,000,000  versus a total put value of  8,000,000 Combined total value = 59,012,000,000

Strike  745  has a total call value of 61,740,000,000  versus a total put value of  7,000,000 Combined total value = 61,747,000,000

Strike  750  has a total call value of 64,476,000,000  versus a total put value of  6,000,000 Combined total value = 64,482,000,000

Strike  755  has a total call value of 67,212,000,000  versus a total put value of  5,000,000 Combined total value = 67,217,000,000

Strike  760  has a total call value of 69,948,000,000  versus a total put value of  4,000,000 Combined total value = 69,952,000,000

Strike  765  has a total call value of 72,684,000,000  versus a total put value of  3,000,000 Combined total value = 72,687,000,000

Strike  770  has a total call value of 75,420,000,000  versus a total put value of  2,000,000 Combined total value = 75,422,000,000

Strike  775  has a total call value of 78,156,000,000  versus a total put value of  1,000,000 Combined total value = 78,157,000,000

Strike  780  has a total call value of 80,892,000,000  versus a total put value of  0 Combined total value = 80,892,000,000

All Max-Pain Table


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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.