HCLTECH
HCL TECHNOLOGIES LTD
Max pain for HCLTECH
19 Apr 2024 04:16 PM IST
Max Pain for HCLTECH is 1500
Strike 1300 has a total call value of 0 versus a total put value of 54,941,600,000 Combined total value = 54,941,600,000
Strike 1320 has a total call value of 0 versus a total put value of 48,878,200,000 Combined total value = 48,878,200,000
Strike 1340 has a total call value of 0 versus a total put value of 42,814,800,000 Combined total value = 42,814,800,000
Strike 1360 has a total call value of 0 versus a total put value of 36,881,600,000 Combined total value = 36,881,600,000
Strike 1380 has a total call value of 0 versus a total put value of 31,208,800,000 Combined total value = 31,208,800,000
Strike 1400 has a total call value of 0 versus a total put value of 25,830,000,000 Combined total value = 25,830,000,000
Strike 1420 has a total call value of 30,800,000 versus a total put value of 21,092,400,000 Combined total value = 21,123,200,000
Strike 1440 has a total call value of 123,200,000 versus a total put value of 16,630,600,000 Combined total value = 16,753,800,000
Strike 1460 has a total call value of 532,000,000 versus a total put value of 12,790,400,000 Combined total value = 13,322,400,000
Strike 1480 has a total call value of 1,656,200,000 versus a total put value of 9,448,600,000 Combined total value = 11,104,800,000
Strike 1500 has a total call value of 3,529,400,000 versus a total put value of 6,510,000,000 Combined total value = 10,039,400,000
Strike 1520 has a total call value of 7,049,000,000 versus a total put value of 4,331,600,000 Combined total value = 11,380,600,000
Strike 1540 has a total call value of 11,461,800,000 versus a total put value of 2,409,400,000 Combined total value = 13,871,200,000
Strike 1560 has a total call value of 17,809,400,000 versus a total put value of 1,533,000,000 Combined total value = 19,342,400,000
Strike 1580 has a total call value of 25,775,400,000 versus a total put value of 971,600,000 Combined total value = 26,747,000,000
Strike 1600 has a total call value of 34,472,200,000 versus a total put value of 557,200,000 Combined total value = 35,029,400,000
Strike 1620 has a total call value of 46,097,800,000 versus a total put value of 392,000,000 Combined total value = 46,489,800,000
Strike 1640 has a total call value of 58,329,600,000 versus a total put value of 226,800,000 Combined total value = 58,556,400,000
Strike 1660 has a total call value of 71,040,200,000 versus a total put value of 151,200,000 Combined total value = 71,191,400,000
Strike 1680 has a total call value of 84,270,200,000 versus a total put value of 75,600,000 Combined total value = 84,345,800,000
Strike 1700 has a total call value of 97,703,200,000 versus a total put value of 0 Combined total value = 97,703,200,000
Strike 1720 has a total call value of 112,022,400,000 versus a total put value of 0 Combined total value = 112,022,400,000
Strike 1740 has a total call value of 126,417,200,000 versus a total put value of 0 Combined total value = 126,417,200,000
Strike 1760 has a total call value of 140,883,400,000 versus a total put value of 0 Combined total value = 140,883,400,000
Strike 1780 has a total call value of 155,425,200,000 versus a total put value of 0 Combined total value = 155,425,200,000
Strike 1800 has a total call value of 170,049,600,000 versus a total put value of 0 Combined total value = 170,049,600,000
Strike 1820 has a total call value of 185,092,600,000 versus a total put value of 0 Combined total value = 185,092,600,000
Strike 1840 has a total call value of 200,135,600,000 versus a total put value of 0 Combined total value = 200,135,600,000
Max Pain - Choose a symbol
Index
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O
P
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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.