GRASIM
GRASIM INDUSTRIES LTD
Max pain for GRASIM
26 Jul 2024 04:12 PM IST
Max Pain for GRASIM is 2800
Strike 2500 has a total call value of 0 versus a total put value of 23,025,000,000 Combined total value = 23,025,000,000
Strike 2520 has a total call value of 0 versus a total put value of 21,099,000,000 Combined total value = 21,099,000,000
Strike 2540 has a total call value of 0 versus a total put value of 19,173,000,000 Combined total value = 19,173,000,000
Strike 2560 has a total call value of 2,500,000 versus a total put value of 17,300,000,000 Combined total value = 17,302,500,000
Strike 2580 has a total call value of 5,000,000 versus a total put value of 15,450,000,000 Combined total value = 15,455,000,000
Strike 2600 has a total call value of 7,500,000 versus a total put value of 13,600,000,000 Combined total value = 13,607,500,000
Strike 2620 has a total call value of 129,500,000 versus a total put value of 11,941,500,000 Combined total value = 12,071,000,000
Strike 2640 has a total call value of 251,500,000 versus a total put value of 10,312,500,000 Combined total value = 10,564,000,000
Strike 2660 has a total call value of 376,500,000 versus a total put value of 8,708,000,000 Combined total value = 9,084,500,000
Strike 2680 has a total call value of 501,500,000 versus a total put value of 7,115,500,000 Combined total value = 7,617,000,000
Strike 2700 has a total call value of 628,500,000 versus a total put value of 5,567,500,000 Combined total value = 6,196,000,000
Strike 2720 has a total call value of 797,500,000 versus a total put value of 4,502,000,000 Combined total value = 5,299,500,000
Strike 2740 has a total call value of 971,500,000 versus a total put value of 3,470,500,000 Combined total value = 4,442,000,000
Strike 2760 has a total call value of 1,148,500,000 versus a total put value of 2,567,500,000 Combined total value = 3,716,000,000
Strike 2780 has a total call value of 1,325,500,000 versus a total put value of 1,693,000,000 Combined total value = 3,018,500,000
Strike 2800 has a total call value of 1,522,000,000 versus a total put value of 849,500,000 Combined total value = 2,371,500,000
Strike 2820 has a total call value of 1,915,000,000 versus a total put value of 631,000,000 Combined total value = 2,546,000,000
Strike 2840 has a total call value of 2,359,500,000 versus a total put value of 447,500,000 Combined total value = 2,807,000,000
Strike 2860 has a total call value of 2,890,000,000 versus a total put value of 285,500,000 Combined total value = 3,175,500,000
Strike 2880 has a total call value of 3,494,000,000 versus a total put value of 186,500,000 Combined total value = 3,680,500,000
Strike 2900 has a total call value of 4,108,500,000 versus a total put value of 108,000,000 Combined total value = 4,216,500,000
Strike 2920 has a total call value of 5,008,000,000 versus a total put value of 82,500,000 Combined total value = 5,090,500,000
Strike 2940 has a total call value of 5,941,000,000 versus a total put value of 58,500,000 Combined total value = 5,999,500,000
Strike 2960 has a total call value of 6,907,000,000 versus a total put value of 36,000,000 Combined total value = 6,943,000,000
Strike 2980 has a total call value of 7,937,000,000 versus a total put value of 19,500,000 Combined total value = 7,956,500,000
Strike 3000 has a total call value of 8,983,500,000 versus a total put value of 3,000,000 Combined total value = 8,986,500,000
Strike 3020 has a total call value of 10,370,500,000 versus a total put value of 1,500,000 Combined total value = 10,372,000,000
Strike 3040 has a total call value of 11,775,000,000 versus a total put value of 0 Combined total value = 11,775,000,000
Strike 3060 has a total call value of 13,200,000,000 versus a total put value of 0 Combined total value = 13,200,000,000
Strike 3080 has a total call value of 14,642,000,000 versus a total put value of 0 Combined total value = 14,642,000,000
Strike 3100 has a total call value of 16,101,500,000 versus a total put value of 0 Combined total value = 16,101,500,000
Strike 3120 has a total call value of 17,561,000,000 versus a total put value of 0 Combined total value = 17,561,000,000
Strike 3140 has a total call value of 19,075,500,000 versus a total put value of 0 Combined total value = 19,075,500,000
Strike 3160 has a total call value of 20,590,000,000 versus a total put value of 0 Combined total value = 20,590,000,000
Strike 3180 has a total call value of 22,105,000,000 versus a total put value of 0 Combined total value = 22,105,000,000
Strike 3200 has a total call value of 23,620,000,000 versus a total put value of 0 Combined total value = 23,620,000,000
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.