HCLTECH
HCL TECHNOLOGIES LTD
Max pain for HCLTECH
11 Dec 2023 04:16 PM IST
Max Pain for HCLTECH is 1340
Strike 1200 has a total call value of 0 versus a total put value of 39,606,000,000 Combined total value = 39,606,000,000
Strike 1210 has a total call value of 37,800,000 versus a total put value of 36,215,900,000 Combined total value = 36,253,700,000
Strike 1220 has a total call value of 75,600,000 versus a total put value of 32,825,800,000 Combined total value = 32,901,400,000
Strike 1230 has a total call value of 113,400,000 versus a total put value of 29,449,000,000 Combined total value = 29,562,400,000
Strike 1240 has a total call value of 151,200,000 versus a total put value of 26,112,800,000 Combined total value = 26,264,000,000
Strike 1250 has a total call value of 189,000,000 versus a total put value of 22,776,600,000 Combined total value = 22,965,600,000
Strike 1260 has a total call value of 243,600,000 versus a total put value of 19,819,800,000 Combined total value = 20,063,400,000
Strike 1270 has a total call value of 298,200,000 versus a total put value of 16,942,800,000 Combined total value = 17,241,000,000
Strike 1280 has a total call value of 352,800,000 versus a total put value of 14,203,000,000 Combined total value = 14,555,800,000
Strike 1290 has a total call value of 407,400,000 versus a total put value of 11,610,900,000 Combined total value = 12,018,300,000
Strike 1300 has a total call value of 462,000,000 versus a total put value of 9,108,400,000 Combined total value = 9,570,400,000
Strike 1310 has a total call value of 841,400,000 versus a total put value of 7,193,200,000 Combined total value = 8,034,600,000
Strike 1320 has a total call value of 1,253,700,000 versus a total put value of 5,404,000,000 Combined total value = 6,657,700,000
Strike 1330 has a total call value of 1,719,900,000 versus a total put value of 3,985,800,000 Combined total value = 5,705,700,000
Strike 1340 has a total call value of 2,314,900,000 versus a total put value of 2,727,200,000 Combined total value = 5,042,100,000
Strike 1350 has a total call value of 3,521,000,000 versus a total put value of 1,841,700,000 Combined total value = 5,362,700,000
Strike 1360 has a total call value of 5,045,600,000 versus a total put value of 1,189,300,000 Combined total value = 6,234,900,000
Strike 1370 has a total call value of 6,881,700,000 versus a total put value of 700,000,000 Combined total value = 7,581,700,000
Strike 1380 has a total call value of 9,803,500,000 versus a total put value of 387,800,000 Combined total value = 10,191,300,000
Strike 1390 has a total call value of 13,421,100,000 versus a total put value of 238,000,000 Combined total value = 13,659,100,000
Strike 1400 has a total call value of 17,266,900,000 versus a total put value of 107,100,000 Combined total value = 17,374,000,000
Strike 1410 has a total call value of 22,336,300,000 versus a total put value of 68,600,000 Combined total value = 22,404,900,000
Strike 1420 has a total call value of 27,540,800,000 versus a total put value of 41,300,000 Combined total value = 27,582,100,000
Strike 1430 has a total call value of 33,244,400,000 versus a total put value of 28,700,000 Combined total value = 33,273,100,000
Strike 1440 has a total call value of 39,074,000,000 versus a total put value of 17,500,000 Combined total value = 39,091,500,000
Strike 1450 has a total call value of 45,047,800,000 versus a total put value of 10,500,000 Combined total value = 45,058,300,000
Strike 1460 has a total call value of 51,385,600,000 versus a total put value of 5,600,000 Combined total value = 51,391,200,000
Strike 1470 has a total call value of 57,816,500,000 versus a total put value of 4,200,000 Combined total value = 57,820,700,000
Strike 1480 has a total call value of 64,316,700,000 versus a total put value of 2,800,000 Combined total value = 64,319,500,000
Strike 1490 has a total call value of 70,891,800,000 versus a total put value of 1,400,000 Combined total value = 70,893,200,000
Strike 1500 has a total call value of 77,509,600,000 versus a total put value of 0 Combined total value = 77,509,600,000
Strike 1510 has a total call value of 84,639,800,000 versus a total put value of 0 Combined total value = 84,639,800,000
Strike 1520 has a total call value of 91,787,500,000 versus a total put value of 0 Combined total value = 91,787,500,000
Strike 1530 has a total call value of 98,972,300,000 versus a total put value of 0 Combined total value = 98,972,300,000
Strike 1540 has a total call value of 106,192,800,000 versus a total put value of 0 Combined total value = 106,192,800,000
Strike 1550 has a total call value of 113,588,300,000 versus a total put value of 0 Combined total value = 113,588,300,000
Strike 1560 has a total call value of 121,043,300,000 versus a total put value of 0 Combined total value = 121,043,300,000
Max Pain - Choose a symbol
Index
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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.