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HCLTECH
HCL TECHNOLOGIES LTD

1608.05 -35.35 (-2.15%)


Strike  1500  has a total call value of 0  versus a total put value of  19,811,400,000 Combined total value = 19,811,400,000

Strike  1510  has a total call value of 35,700,000  versus a total put value of  18,046,000,000 Combined total value = 18,081,700,000

Strike  1520  has a total call value of 71,400,000  versus a total put value of  16,280,600,000 Combined total value = 16,352,000,000

Strike  1530  has a total call value of 107,100,000  versus a total put value of  14,584,500,000 Combined total value = 14,691,600,000

Strike  1540  has a total call value of 142,800,000  versus a total put value of  12,888,400,000 Combined total value = 13,031,200,000

Strike  1550  has a total call value of 178,500,000  versus a total put value of  11,267,200,000 Combined total value = 11,445,700,000

Strike  1560  has a total call value of 240,100,000  versus a total put value of  9,792,300,000 Combined total value = 10,032,400,000

Strike  1570  has a total call value of 301,700,000  versus a total put value of  8,396,500,000 Combined total value = 8,698,200,000

Strike  1580  has a total call value of 364,700,000  versus a total put value of  7,000,700,000 Combined total value = 7,365,400,000

Strike  1590  has a total call value of 427,700,000  versus a total put value of  5,692,400,000 Combined total value = 6,120,100,000

Strike  1600  has a total call value of 490,700,000  versus a total put value of  4,384,100,000 Combined total value = 4,874,800,000

Strike  1610  has a total call value of 662,900,000  versus a total put value of  3,523,800,000 Combined total value = 4,186,700,000

Strike  1620  has a total call value of 867,300,000  versus a total put value of  2,663,500,000 Combined total value = 3,530,800,000

Strike  1630  has a total call value of 1,439,200,000  versus a total put value of  1,950,900,000 Combined total value = 3,390,100,000

Strike  1640  has a total call value of 2,150,400,000  versus a total put value of  1,359,400,000 Combined total value = 3,509,800,000

Strike  1650  has a total call value of 3,042,900,000  versus a total put value of  861,000,000 Combined total value = 3,903,900,000

Strike  1660  has a total call value of 4,556,300,000  versus a total put value of  511,700,000 Combined total value = 5,068,000,000

Strike  1670  has a total call value of 6,498,800,000  versus a total put value of  296,100,000 Combined total value = 6,794,900,000

Strike  1680  has a total call value of 8,745,100,000  versus a total put value of  156,100,000 Combined total value = 8,901,200,000

Strike  1690  has a total call value of 11,446,400,000  versus a total put value of  70,700,000 Combined total value = 11,517,100,000

Strike  1700  has a total call value of 14,741,300,000  versus a total put value of  0 Combined total value = 14,741,300,000

Strike  1710  has a total call value of 19,383,700,000  versus a total put value of  0 Combined total value = 19,383,700,000

Strike  1720  has a total call value of 24,225,600,000  versus a total put value of  0 Combined total value = 24,225,600,000

Strike  1730  has a total call value of 29,180,900,000  versus a total put value of  0 Combined total value = 29,180,900,000

Strike  1740  has a total call value of 34,190,800,000  versus a total put value of  0 Combined total value = 34,190,800,000

Strike  1750  has a total call value of 39,263,700,000  versus a total put value of  0 Combined total value = 39,263,700,000

Strike  1760  has a total call value of 44,546,600,000  versus a total put value of  0 Combined total value = 44,546,600,000

Strike  1770  has a total call value of 49,924,700,000  versus a total put value of  0 Combined total value = 49,924,700,000

Strike  1780  has a total call value of 55,330,100,000  versus a total put value of  0 Combined total value = 55,330,100,000

Strike  1790  has a total call value of 60,784,500,000  versus a total put value of  0 Combined total value = 60,784,500,000

Strike  1800  has a total call value of 66,238,900,000  versus a total put value of  0 Combined total value = 66,238,900,000

Strike  1820  has a total call value of 77,822,500,000  versus a total put value of  0 Combined total value = 77,822,500,000

Strike  1840  has a total call value of 89,406,100,000  versus a total put value of  0 Combined total value = 89,406,100,000

Strike  1860  has a total call value of 101,469,900,000  versus a total put value of  0 Combined total value = 101,469,900,000

Strike  1880  has a total call value of 113,533,700,000  versus a total put value of  0 Combined total value = 113,533,700,000

Strike  1900  has a total call value of 125,689,900,000  versus a total put value of  0 Combined total value = 125,689,900,000

Strike  1920  has a total call value of 137,846,100,000  versus a total put value of  0 Combined total value = 137,846,100,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.