GRANULES
Granules India Limited
Max pain for GRANULES
06 Sep 2024 04:13 PM IST
Max Pain for GRANULES is 700
Strike 510 has a total call value of 0 versus a total put value of 115,907,000,000 Combined total value = 115,907,000,000
Strike 515 has a total call value of 0 versus a total put value of 112,093,000,000 Combined total value = 112,093,000,000
Strike 520 has a total call value of 0 versus a total put value of 108,279,000,000 Combined total value = 108,279,000,000
Strike 525 has a total call value of 0 versus a total put value of 104,465,000,000 Combined total value = 104,465,000,000
Strike 530 has a total call value of 0 versus a total put value of 100,651,000,000 Combined total value = 100,651,000,000
Strike 535 has a total call value of 0 versus a total put value of 96,837,000,000 Combined total value = 96,837,000,000
Strike 540 has a total call value of 0 versus a total put value of 93,023,000,000 Combined total value = 93,023,000,000
Strike 545 has a total call value of 0 versus a total put value of 89,209,000,000 Combined total value = 89,209,000,000
Strike 550 has a total call value of 0 versus a total put value of 85,395,000,000 Combined total value = 85,395,000,000
Strike 555 has a total call value of 0 versus a total put value of 81,581,000,000 Combined total value = 81,581,000,000
Strike 560 has a total call value of 0 versus a total put value of 77,767,000,000 Combined total value = 77,767,000,000
Strike 565 has a total call value of 0 versus a total put value of 73,954,000,000 Combined total value = 73,954,000,000
Strike 570 has a total call value of 0 versus a total put value of 70,141,000,000 Combined total value = 70,141,000,000
Strike 575 has a total call value of 0 versus a total put value of 66,332,000,000 Combined total value = 66,332,000,000
Strike 580 has a total call value of 0 versus a total put value of 62,523,000,000 Combined total value = 62,523,000,000
Strike 585 has a total call value of 0 versus a total put value of 58,714,000,000 Combined total value = 58,714,000,000
Strike 590 has a total call value of 0 versus a total put value of 54,905,000,000 Combined total value = 54,905,000,000
Strike 595 has a total call value of 0 versus a total put value of 51,096,000,000 Combined total value = 51,096,000,000
Strike 600 has a total call value of 0 versus a total put value of 47,287,000,000 Combined total value = 47,287,000,000
Strike 605 has a total call value of 23,000,000 versus a total put value of 43,949,000,000 Combined total value = 43,972,000,000
Strike 610 has a total call value of 46,000,000 versus a total put value of 40,611,000,000 Combined total value = 40,657,000,000
Strike 615 has a total call value of 69,000,000 versus a total put value of 37,353,000,000 Combined total value = 37,422,000,000
Strike 620 has a total call value of 92,000,000 versus a total put value of 34,095,000,000 Combined total value = 34,187,000,000
Strike 625 has a total call value of 120,000,000 versus a total put value of 31,040,000,000 Combined total value = 31,160,000,000
Strike 630 has a total call value of 148,000,000 versus a total put value of 28,003,000,000 Combined total value = 28,151,000,000
Strike 635 has a total call value of 176,000,000 versus a total put value of 25,271,000,000 Combined total value = 25,447,000,000
Strike 640 has a total call value of 204,000,000 versus a total put value of 22,539,000,000 Combined total value = 22,743,000,000
Strike 645 has a total call value of 242,000,000 versus a total put value of 19,970,000,000 Combined total value = 20,212,000,000
Strike 650 has a total call value of 280,000,000 versus a total put value of 17,401,000,000 Combined total value = 17,681,000,000
Strike 655 has a total call value of 334,000,000 versus a total put value of 15,238,000,000 Combined total value = 15,572,000,000
Strike 660 has a total call value of 388,000,000 versus a total put value of 13,122,000,000 Combined total value = 13,510,000,000
Strike 665 has a total call value of 442,000,000 versus a total put value of 11,177,000,000 Combined total value = 11,619,000,000
Strike 670 has a total call value of 497,000,000 versus a total put value of 9,281,000,000 Combined total value = 9,778,000,000
Strike 675 has a total call value of 579,000,000 versus a total put value of 7,591,000,000 Combined total value = 8,170,000,000
Strike 680 has a total call value of 670,000,000 versus a total put value of 5,959,000,000 Combined total value = 6,629,000,000
Strike 685 has a total call value of 1,350,000,000 versus a total put value of 4,673,000,000 Combined total value = 6,023,000,000
Strike 690 has a total call value of 2,049,000,000 versus a total put value of 3,465,000,000 Combined total value = 5,514,000,000
Strike 695 has a total call value of 2,862,000,000 versus a total put value of 2,525,000,000 Combined total value = 5,387,000,000
Strike 700 has a total call value of 3,722,000,000 versus a total put value of 1,616,000,000 Combined total value = 5,338,000,000
Strike 705 has a total call value of 5,053,000,000 versus a total put value of 1,133,000,000 Combined total value = 6,186,000,000
Strike 710 has a total call value of 6,473,000,000 versus a total put value of 694,000,000 Combined total value = 7,167,000,000
Strike 715 has a total call value of 8,144,000,000 versus a total put value of 453,000,000 Combined total value = 8,597,000,000
Strike 720 has a total call value of 9,886,000,000 versus a total put value of 240,000,000 Combined total value = 10,126,000,000
Strike 725 has a total call value of 12,007,000,000 versus a total put value of 132,000,000 Combined total value = 12,139,000,000
Strike 730 has a total call value of 14,226,000,000 versus a total put value of 24,000,000 Combined total value = 14,250,000,000
Strike 735 has a total call value of 16,730,000,000 versus a total put value of 18,000,000 Combined total value = 16,748,000,000
Strike 740 has a total call value of 19,254,000,000 versus a total put value of 12,000,000 Combined total value = 19,266,000,000
Strike 745 has a total call value of 21,998,000,000 versus a total put value of 6,000,000 Combined total value = 22,004,000,000
Strike 750 has a total call value of 24,758,000,000 versus a total put value of 0 Combined total value = 24,758,000,000
Strike 755 has a total call value of 27,953,000,000 versus a total put value of 0 Combined total value = 27,953,000,000
Strike 760 has a total call value of 31,150,000,000 versus a total put value of 0 Combined total value = 31,150,000,000
Strike 765 has a total call value of 34,515,000,000 versus a total put value of 0 Combined total value = 34,515,000,000
Strike 770 has a total call value of 37,886,000,000 versus a total put value of 0 Combined total value = 37,886,000,000
Strike 775 has a total call value of 41,381,000,000 versus a total put value of 0 Combined total value = 41,381,000,000
Strike 780 has a total call value of 44,876,000,000 versus a total put value of 0 Combined total value = 44,876,000,000
Strike 785 has a total call value of 48,422,000,000 versus a total put value of 0 Combined total value = 48,422,000,000
Strike 790 has a total call value of 51,968,000,000 versus a total put value of 0 Combined total value = 51,968,000,000
Strike 795 has a total call value of 55,622,000,000 versus a total put value of 0 Combined total value = 55,622,000,000
Strike 800 has a total call value of 59,276,000,000 versus a total put value of 0 Combined total value = 59,276,000,000
Strike 805 has a total call value of 63,020,000,000 versus a total put value of 0 Combined total value = 63,020,000,000
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.