GUJGASLTD
Gujarat Gas Limited
Max pain for GUJGASLTD
25 Sep 2023 12:54 PM IST
Max Pain for GUJGASLTD is 450
Strike 365 has a total call value of 0 versus a total put value of 277,187,500 Combined total value = 277,187,500
Strike 370 has a total call value of 0 versus a total put value of 259,706,250 Combined total value = 259,706,250
Strike 375 has a total call value of 0 versus a total put value of 242,225,000 Combined total value = 242,225,000
Strike 380 has a total call value of 0 versus a total put value of 224,743,750 Combined total value = 224,743,750
Strike 385 has a total call value of 0 versus a total put value of 207,262,500 Combined total value = 207,262,500
Strike 390 has a total call value of 0 versus a total put value of 189,781,250 Combined total value = 189,781,250
Strike 395 has a total call value of 0 versus a total put value of 172,325,000 Combined total value = 172,325,000
Strike 400 has a total call value of 0 versus a total put value of 154,868,750 Combined total value = 154,868,750
Strike 405 has a total call value of 37,500 versus a total put value of 138,250,000 Combined total value = 138,287,500
Strike 410 has a total call value of 75,000 versus a total put value of 121,631,250 Combined total value = 121,706,250
Strike 415 has a total call value of 112,500 versus a total put value of 105,887,500 Combined total value = 106,000,000
Strike 420 has a total call value of 150,000 versus a total put value of 90,525,000 Combined total value = 90,675,000
Strike 425 has a total call value of 237,500 versus a total put value of 77,325,000 Combined total value = 77,562,500
Strike 430 has a total call value of 337,500 versus a total put value of 64,331,250 Combined total value = 64,668,750
Strike 435 has a total call value of 600,000 versus a total put value of 53,056,250 Combined total value = 53,656,250
Strike 440 has a total call value of 1,375,000 versus a total put value of 42,225,000 Combined total value = 43,600,000
Strike 445 has a total call value of 6,168,750 versus a total put value of 33,887,500 Combined total value = 40,056,250
Strike 450 has a total call value of 12,475,000 versus a total put value of 26,206,250 Combined total value = 38,681,250
Strike 455 has a total call value of 24,875,000 versus a total put value of 20,775,000 Combined total value = 45,650,000
Strike 460 has a total call value of 39,075,000 versus a total put value of 16,512,500 Combined total value = 55,587,500
Strike 465 has a total call value of 56,668,750 versus a total put value of 13,337,500 Combined total value = 70,006,250
Strike 470 has a total call value of 74,987,500 versus a total put value of 10,400,000 Combined total value = 85,387,500
Strike 475 has a total call value of 96,087,500 versus a total put value of 8,375,000 Combined total value = 104,462,500
Strike 480 has a total call value of 117,712,500 versus a total put value of 6,437,500 Combined total value = 124,150,000
Strike 485 has a total call value of 141,812,500 versus a total put value of 5,262,500 Combined total value = 147,075,000
Strike 490 has a total call value of 166,187,500 versus a total put value of 4,137,500 Combined total value = 170,325,000
Strike 495 has a total call value of 191,218,750 versus a total put value of 3,137,500 Combined total value = 194,356,250
Strike 500 has a total call value of 216,400,000 versus a total put value of 2,168,750 Combined total value = 218,568,750
Strike 505 has a total call value of 244,150,000 versus a total put value of 1,918,750 Combined total value = 246,068,750
Strike 510 has a total call value of 272,100,000 versus a total put value of 1,668,750 Combined total value = 273,768,750
Strike 515 has a total call value of 300,293,750 versus a total put value of 1,425,000 Combined total value = 301,718,750
Strike 520 has a total call value of 328,487,500 versus a total put value of 1,212,500 Combined total value = 329,700,000
Strike 525 has a total call value of 357,081,250 versus a total put value of 1,012,500 Combined total value = 358,093,750
Strike 530 has a total call value of 385,675,000 versus a total put value of 812,500 Combined total value = 386,487,500
Strike 535 has a total call value of 414,600,000 versus a total put value of 618,750 Combined total value = 415,218,750
Strike 540 has a total call value of 443,525,000 versus a total put value of 425,000 Combined total value = 443,950,000
Strike 545 has a total call value of 472,450,000 versus a total put value of 231,250 Combined total value = 472,681,250
Strike 550 has a total call value of 501,375,000 versus a total put value of 37,500 Combined total value = 501,412,500
Strike 555 has a total call value of 530,568,750 versus a total put value of 18,750 Combined total value = 530,587,500
Strike 560 has a total call value of 559,762,500 versus a total put value of 0 Combined total value = 559,762,500
Max Pain - Choose a symbol
Index
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E
G
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I
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O
P
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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.