HAL
Hindustan Aeronautics Limited
Max pain for HAL
25 Sep 2023 12:54 PM IST
Max Pain for HAL is 3900
Strike 3100 has a total call value of 0 versus a total put value of 1,538,820,000 Combined total value = 1,538,820,000
Strike 3150 has a total call value of 0 versus a total put value of 1,436,235,000 Combined total value = 1,436,235,000
Strike 3200 has a total call value of 0 versus a total put value of 1,333,650,000 Combined total value = 1,333,650,000
Strike 3250 has a total call value of 60,000 versus a total put value of 1,231,365,000 Combined total value = 1,231,425,000
Strike 3300 has a total call value of 120,000 versus a total put value of 1,129,260,000 Combined total value = 1,129,380,000
Strike 3350 has a total call value of 195,000 versus a total put value of 1,027,575,000 Combined total value = 1,027,770,000
Strike 3400 has a total call value of 270,000 versus a total put value of 925,890,000 Combined total value = 926,160,000
Strike 3450 has a total call value of 345,000 versus a total put value of 825,645,000 Combined total value = 825,990,000
Strike 3500 has a total call value of 420,000 versus a total put value of 725,760,000 Combined total value = 726,180,000
Strike 3550 has a total call value of 1,515,000 versus a total put value of 630,840,000 Combined total value = 632,355,000
Strike 3600 has a total call value of 2,610,000 versus a total put value of 536,700,000 Combined total value = 539,310,000
Strike 3650 has a total call value of 5,070,000 versus a total put value of 449,775,000 Combined total value = 454,845,000
Strike 3700 has a total call value of 7,575,000 versus a total put value of 366,315,000 Combined total value = 373,890,000
Strike 3750 has a total call value of 10,515,000 versus a total put value of 294,540,000 Combined total value = 305,055,000
Strike 3800 has a total call value of 13,785,000 versus a total put value of 228,435,000 Combined total value = 242,220,000
Strike 3850 has a total call value of 23,445,000 versus a total put value of 174,345,000 Combined total value = 197,790,000
Strike 3900 has a total call value of 43,320,000 versus a total put value of 123,495,000 Combined total value = 166,815,000
Strike 3950 has a total call value of 86,955,000 versus a total put value of 83,040,000 Combined total value = 169,995,000
Strike 4000 has a total call value of 150,540,000 versus a total put value of 48,825,000 Combined total value = 199,365,000
Strike 4050 has a total call value of 264,330,000 versus a total put value of 31,815,000 Combined total value = 296,145,000
Strike 4100 has a total call value of 395,205,000 versus a total put value of 20,235,000 Combined total value = 415,440,000
Strike 4150 has a total call value of 563,460,000 versus a total put value of 14,055,000 Combined total value = 577,515,000
Strike 4200 has a total call value of 741,765,000 versus a total put value of 8,910,000 Combined total value = 750,675,000
Strike 4250 has a total call value of 949,050,000 versus a total put value of 5,295,000 Combined total value = 954,345,000
Strike 4300 has a total call value of 1,160,895,000 versus a total put value of 2,490,000 Combined total value = 1,163,385,000
Strike 4350 has a total call value of 1,386,135,000 versus a total put value of 1,425,000 Combined total value = 1,387,560,000
Strike 4400 has a total call value of 1,615,290,000 versus a total put value of 735,000 Combined total value = 1,616,025,000
Strike 4450 has a total call value of 1,855,005,000 versus a total put value of 405,000 Combined total value = 1,855,410,000
Strike 4500 has a total call value of 2,097,195,000 versus a total put value of 225,000 Combined total value = 2,097,420,000
Strike 4550 has a total call value of 2,354,460,000 versus a total put value of 150,000 Combined total value = 2,354,610,000
Strike 4600 has a total call value of 2,613,105,000 versus a total put value of 75,000 Combined total value = 2,613,180,000
Strike 4650 has a total call value of 2,877,135,000 versus a total put value of 0 Combined total value = 2,877,135,000
Strike 4700 has a total call value of 3,145,170,000 versus a total put value of 0 Combined total value = 3,145,170,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
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.