HCLTECH
Hcl Technologies Ltd
Max pain for HCLTECH
22 Oct 2024 04:13 PM IST
Max Pain for HCLTECH is 1800
Strike 1520 has a total call value of 0 versus a total put value of 128,711,100,000 Combined total value = 128,711,100,000
Strike 1540 has a total call value of 0 versus a total put value of 118,839,000,000 Combined total value = 118,839,000,000
Strike 1560 has a total call value of 0 versus a total put value of 108,966,900,000 Combined total value = 108,966,900,000
Strike 1580 has a total call value of 0 versus a total put value of 99,299,900,000 Combined total value = 99,299,900,000
Strike 1600 has a total call value of 0 versus a total put value of 89,632,900,000 Combined total value = 89,632,900,000
Strike 1620 has a total call value of 65,100,000 versus a total put value of 80,129,000,000 Combined total value = 80,194,100,000
Strike 1640 has a total call value of 130,200,000 versus a total put value of 70,716,800,000 Combined total value = 70,847,000,000
Strike 1660 has a total call value of 195,300,000 versus a total put value of 61,362,000,000 Combined total value = 61,557,300,000
Strike 1680 has a total call value of 260,400,000 versus a total put value of 52,174,500,000 Combined total value = 52,434,900,000
Strike 1700 has a total call value of 325,500,000 versus a total put value of 43,097,600,000 Combined total value = 43,423,100,000
Strike 1720 has a total call value of 511,000,000 versus a total put value of 34,547,100,000 Combined total value = 35,058,100,000
Strike 1740 has a total call value of 696,500,000 versus a total put value of 26,522,300,000 Combined total value = 27,218,800,000
Strike 1760 has a total call value of 1,005,900,000 versus a total put value of 19,135,900,000 Combined total value = 20,141,800,000
Strike 1780 has a total call value of 2,503,200,000 versus a total put value of 13,111,000,000 Combined total value = 15,614,200,000
Strike 1800 has a total call value of 4,456,200,000 versus a total put value of 7,867,300,000 Combined total value = 12,323,500,000
Strike 1820 has a total call value of 7,904,400,000 versus a total put value of 4,612,300,000 Combined total value = 12,516,700,000
Strike 1840 has a total call value of 12,886,300,000 versus a total put value of 2,305,800,000 Combined total value = 15,192,100,000
Strike 1860 has a total call value of 19,559,400,000 versus a total put value of 959,700,000 Combined total value = 20,519,100,000
Strike 1880 has a total call value of 28,973,000,000 versus a total put value of 351,400,000 Combined total value = 29,324,400,000
Strike 1900 has a total call value of 39,851,700,000 versus a total put value of 79,100,000 Combined total value = 39,930,800,000
Strike 1920 has a total call value of 54,884,900,000 versus a total put value of 0 Combined total value = 54,884,900,000
Strike 1940 has a total call value of 70,434,700,000 versus a total put value of 0 Combined total value = 70,434,700,000
Strike 1960 has a total call value of 87,080,700,000 versus a total put value of 0 Combined total value = 87,080,700,000
Strike 1980 has a total call value of 104,047,300,000 versus a total put value of 0 Combined total value = 104,047,300,000
Strike 2000 has a total call value of 121,181,200,000 versus a total put value of 0 Combined total value = 121,181,200,000
Strike 2020 has a total call value of 139,076,000,000 versus a total put value of 0 Combined total value = 139,076,000,000
Strike 2040 has a total call value of 157,021,900,000 versus a total put value of 0 Combined total value = 157,021,900,000
Strike 2060 has a total call value of 175,177,100,000 versus a total put value of 0 Combined total value = 175,177,100,000
Strike 2080 has a total call value of 193,332,300,000 versus a total put value of 0 Combined total value = 193,332,300,000
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.