GRANULES
Granules India Limited
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
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.