HAL
HINDUSTAN AERONAUTICS LTD
Max pain for HAL
02 Jul 2024 11:13 AM IST
Max Pain for HAL is 5300
Strike 3800 has a total call value of 0 versus a total put value of 458,064,000,000 Combined total value = 458,064,000,000
Strike 3850 has a total call value of 0 versus a total put value of 439,162,500,000 Combined total value = 439,162,500,000
Strike 3900 has a total call value of 0 versus a total put value of 420,261,000,000 Combined total value = 420,261,000,000
Strike 3950 has a total call value of 0 versus a total put value of 401,359,500,000 Combined total value = 401,359,500,000
Strike 4000 has a total call value of 0 versus a total put value of 382,458,000,000 Combined total value = 382,458,000,000
Strike 4050 has a total call value of 0 versus a total put value of 364,185,000,000 Combined total value = 364,185,000,000
Strike 4100 has a total call value of 0 versus a total put value of 345,912,000,000 Combined total value = 345,912,000,000
Strike 4150 has a total call value of 0 versus a total put value of 327,688,500,000 Combined total value = 327,688,500,000
Strike 4200 has a total call value of 0 versus a total put value of 309,465,000,000 Combined total value = 309,465,000,000
Strike 4250 has a total call value of 0 versus a total put value of 291,348,000,000 Combined total value = 291,348,000,000
Strike 4300 has a total call value of 0 versus a total put value of 273,231,000,000 Combined total value = 273,231,000,000
Strike 4350 has a total call value of 0 versus a total put value of 255,409,500,000 Combined total value = 255,409,500,000
Strike 4400 has a total call value of 0 versus a total put value of 237,588,000,000 Combined total value = 237,588,000,000
Strike 4450 has a total call value of 0 versus a total put value of 220,018,500,000 Combined total value = 220,018,500,000
Strike 4500 has a total call value of 0 versus a total put value of 202,449,000,000 Combined total value = 202,449,000,000
Strike 4550 has a total call value of 811,500,000 versus a total put value of 186,672,000,000 Combined total value = 187,483,500,000
Strike 4600 has a total call value of 1,623,000,000 versus a total put value of 170,904,000,000 Combined total value = 172,527,000,000
Strike 4650 has a total call value of 2,434,500,000 versus a total put value of 155,974,500,000 Combined total value = 158,409,000,000
Strike 4700 has a total call value of 3,246,000,000 versus a total put value of 141,052,500,000 Combined total value = 144,298,500,000
Strike 4750 has a total call value of 4,057,500,000 versus a total put value of 127,122,000,000 Combined total value = 131,179,500,000
Strike 4800 has a total call value of 4,869,000,000 versus a total put value of 113,191,500,000 Combined total value = 118,060,500,000
Strike 4850 has a total call value of 5,775,000,000 versus a total put value of 100,761,000,000 Combined total value = 106,536,000,000
Strike 4900 has a total call value of 6,681,000,000 versus a total put value of 88,393,500,000 Combined total value = 95,074,500,000
Strike 4950 has a total call value of 7,587,000,000 versus a total put value of 76,656,000,000 Combined total value = 84,243,000,000
Strike 5000 has a total call value of 8,493,000,000 versus a total put value of 64,957,500,000 Combined total value = 73,450,500,000
Strike 5050 has a total call value of 10,734,000,000 versus a total put value of 55,989,000,000 Combined total value = 66,723,000,000
Strike 5100 has a total call value of 12,975,000,000 versus a total put value of 47,101,500,000 Combined total value = 60,076,500,000
Strike 5150 has a total call value of 15,334,500,000 versus a total put value of 38,986,500,000 Combined total value = 54,321,000,000
Strike 5200 has a total call value of 17,694,000,000 versus a total put value of 30,934,500,000 Combined total value = 48,628,500,000
Strike 5250 has a total call value of 20,802,000,000 versus a total put value of 24,457,500,000 Combined total value = 45,259,500,000
Strike 5300 has a total call value of 24,141,000,000 versus a total put value of 18,138,000,000 Combined total value = 42,279,000,000
Strike 5350 has a total call value of 29,880,000,000 versus a total put value of 13,785,000,000 Combined total value = 43,665,000,000
Strike 5400 has a total call value of 36,348,000,000 versus a total put value of 9,756,000,000 Combined total value = 46,104,000,000
Strike 5450 has a total call value of 46,648,500,000 versus a total put value of 7,129,500,000 Combined total value = 53,778,000,000
Strike 5500 has a total call value of 57,487,500,000 versus a total put value of 4,675,500,000 Combined total value = 62,163,000,000
Strike 5550 has a total call value of 73,468,500,000 versus a total put value of 3,420,000,000 Combined total value = 76,888,500,000
Strike 5600 has a total call value of 89,722,500,000 versus a total put value of 2,164,500,000 Combined total value = 91,887,000,000
Strike 5650 has a total call value of 108,165,000,000 versus a total put value of 1,717,500,000 Combined total value = 109,882,500,000
Strike 5700 has a total call value of 126,786,000,000 versus a total put value of 1,320,000,000 Combined total value = 128,106,000,000
Strike 5750 has a total call value of 147,270,000,000 versus a total put value of 1,099,500,000 Combined total value = 148,369,500,000
Strike 5800 has a total call value of 167,850,000,000 versus a total put value of 879,000,000 Combined total value = 168,729,000,000
Strike 5850 has a total call value of 189,874,500,000 versus a total put value of 658,500,000 Combined total value = 190,533,000,000
Strike 5900 has a total call value of 212,019,000,000 versus a total put value of 438,000,000 Combined total value = 212,457,000,000
Strike 5950 has a total call value of 235,032,000,000 versus a total put value of 222,000,000 Combined total value = 235,254,000,000
Strike 6000 has a total call value of 258,208,500,000 versus a total put value of 6,000,000 Combined total value = 258,214,500,000
Strike 6050 has a total call value of 286,846,500,000 versus a total put value of 3,000,000 Combined total value = 286,849,500,000
Strike 6100 has a total call value of 315,537,000,000 versus a total put value of 0 Combined total value = 315,537,000,000
Strike 6150 has a total call value of 345,226,500,000 versus a total put value of 0 Combined total value = 345,226,500,000
Strike 6200 has a total call value of 374,989,500,000 versus a total put value of 0 Combined total value = 374,989,500,000
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.