GRANULES
Granules India Limited
Max pain for GRANULES
25 Sep 2023 12:15 PM IST
Max Pain for GRANULES is 327.5
Strike 245 has a total call value of 0 versus a total put value of 223,910,000 Combined total value = 223,910,000
Strike 260 has a total call value of 0 versus a total put value of 172,850,000 Combined total value = 172,850,000
Strike 270 has a total call value of 0 versus a total put value of 138,950,000 Combined total value = 138,950,000
Strike 275 has a total call value of 0 versus a total put value of 122,350,000 Combined total value = 122,350,000
Strike 280 has a total call value of 0 versus a total put value of 105,810,000 Combined total value = 105,810,000
Strike 285 has a total call value of 0 versus a total put value of 90,630,000 Combined total value = 90,630,000
Strike 290 has a total call value of 0 versus a total put value of 75,870,000 Combined total value = 75,870,000
Strike 295 has a total call value of 0 versus a total put value of 63,120,000 Combined total value = 63,120,000
Strike 300 has a total call value of 0 versus a total put value of 50,700,000 Combined total value = 50,700,000
Strike 305 has a total call value of 810,000 versus a total put value of 40,300,000 Combined total value = 41,110,000
Strike 310 has a total call value of 1,770,000 versus a total put value of 30,110,000 Combined total value = 31,880,000
Strike 312.5 has a total call value of 2,475,000 versus a total put value of 25,560,000 Combined total value = 28,035,000
Strike 315 has a total call value of 3,180,000 versus a total put value of 21,060,000 Combined total value = 24,240,000
Strike 317.5 has a total call value of 4,065,000 versus a total put value of 17,030,000 Combined total value = 21,095,000
Strike 320 has a total call value of 4,950,000 versus a total put value of 13,100,000 Combined total value = 18,050,000
Strike 322.5 has a total call value of 6,770,000 versus a total put value of 10,370,000 Combined total value = 17,140,000
Strike 325 has a total call value of 8,650,000 versus a total put value of 7,720,000 Combined total value = 16,370,000
Strike 327.5 has a total call value of 10,815,000 versus a total put value of 5,420,000 Combined total value = 16,235,000
Strike 330 has a total call value of 13,020,000 versus a total put value of 3,230,000 Combined total value = 16,250,000
Strike 332.5 has a total call value of 16,630,000 versus a total put value of 2,175,000 Combined total value = 18,805,000
Strike 335 has a total call value of 20,440,000 versus a total put value of 1,245,000 Combined total value = 21,685,000
Strike 337.5 has a total call value of 25,525,000 versus a total put value of 745,000 Combined total value = 26,270,000
Strike 340 has a total call value of 30,890,000 versus a total put value of 320,000 Combined total value = 31,210,000
Strike 342.5 has a total call value of 38,640,000 versus a total put value of 240,000 Combined total value = 38,880,000
Strike 345 has a total call value of 46,500,000 versus a total put value of 160,000 Combined total value = 46,660,000
Strike 347.5 has a total call value of 55,300,000 versus a total put value of 80,000 Combined total value = 55,380,000
Strike 350 has a total call value of 64,185,000 versus a total put value of 0 Combined total value = 64,185,000
Strike 352.5 has a total call value of 74,690,000 versus a total put value of 0 Combined total value = 74,690,000
Strike 355 has a total call value of 85,220,000 versus a total put value of 0 Combined total value = 85,220,000
Strike 360 has a total call value of 106,610,000 versus a total put value of 0 Combined total value = 106,610,000
Strike 362.5 has a total call value of 117,765,000 versus a total put value of 0 Combined total value = 117,765,000
Strike 365 has a total call value of 128,945,000 versus a total put value of 0 Combined total value = 128,945,000
Strike 370 has a total call value of 151,385,000 versus a total put value of 0 Combined total value = 151,385,000
Strike 380 has a total call value of 199,285,000 versus a total put value of 0 Combined total value = 199,285,000
Max Pain - Choose a symbol
Index
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E
G
H
I
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L
M
N
O
P
R
S
T
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.