HEROMOTOCO
HERO MOTOCORP LIMITED
Max pain for HEROMOTOCO
04 Jul 2024 12:21 PM IST
Max Pain for HEROMOTOCO is 5600
Strike 4400 has a total call value of 0 versus a total put value of 67,396,500,000 Combined total value = 67,396,500,000
Strike 4450 has a total call value of 0 versus a total put value of 63,861,750,000 Combined total value = 63,861,750,000
Strike 4500 has a total call value of 0 versus a total put value of 60,327,000,000 Combined total value = 60,327,000,000
Strike 4550 has a total call value of 0 versus a total put value of 56,845,500,000 Combined total value = 56,845,500,000
Strike 4600 has a total call value of 0 versus a total put value of 53,364,000,000 Combined total value = 53,364,000,000
Strike 4650 has a total call value of 0 versus a total put value of 49,900,500,000 Combined total value = 49,900,500,000
Strike 4700 has a total call value of 0 versus a total put value of 46,437,000,000 Combined total value = 46,437,000,000
Strike 4750 has a total call value of 0 versus a total put value of 42,973,500,000 Combined total value = 42,973,500,000
Strike 4800 has a total call value of 0 versus a total put value of 39,510,000,000 Combined total value = 39,510,000,000
Strike 4850 has a total call value of 0 versus a total put value of 36,105,750,000 Combined total value = 36,105,750,000
Strike 4900 has a total call value of 0 versus a total put value of 32,701,500,000 Combined total value = 32,701,500,000
Strike 4950 has a total call value of 0 versus a total put value of 29,405,250,000 Combined total value = 29,405,250,000
Strike 5000 has a total call value of 0 versus a total put value of 26,109,000,000 Combined total value = 26,109,000,000
Strike 5050 has a total call value of 0 versus a total put value of 23,215,500,000 Combined total value = 23,215,500,000
Strike 5100 has a total call value of 0 versus a total put value of 20,322,000,000 Combined total value = 20,322,000,000
Strike 5150 has a total call value of 0 versus a total put value of 17,586,000,000 Combined total value = 17,586,000,000
Strike 5200 has a total call value of 0 versus a total put value of 14,892,000,000 Combined total value = 14,892,000,000
Strike 5250 has a total call value of 18,750,000 versus a total put value of 12,545,250,000 Combined total value = 12,564,000,000
Strike 5300 has a total call value of 39,000,000 versus a total put value of 10,251,750,000 Combined total value = 10,290,750,000
Strike 5350 has a total call value of 97,500,000 versus a total put value of 8,264,250,000 Combined total value = 8,361,750,000
Strike 5400 has a total call value of 156,000,000 versus a total put value of 6,324,000,000 Combined total value = 6,480,000,000
Strike 5450 has a total call value of 278,250,000 versus a total put value of 4,671,750,000 Combined total value = 4,950,000,000
Strike 5500 has a total call value of 443,250,000 versus a total put value of 3,099,000,000 Combined total value = 3,542,250,000
Strike 5550 has a total call value of 939,000,000 versus a total put value of 2,127,750,000 Combined total value = 3,066,750,000
Strike 5600 has a total call value of 1,593,000,000 versus a total put value of 1,256,250,000 Combined total value = 2,849,250,000
Strike 5650 has a total call value of 3,254,250,000 versus a total put value of 801,000,000 Combined total value = 4,055,250,000
Strike 5700 has a total call value of 5,352,750,000 versus a total put value of 455,250,000 Combined total value = 5,808,000,000
Strike 5750 has a total call value of 8,817,000,000 versus a total put value of 280,500,000 Combined total value = 9,097,500,000
Strike 5800 has a total call value of 12,490,500,000 versus a total put value of 144,000,000 Combined total value = 12,634,500,000
Strike 5850 has a total call value of 17,110,500,000 versus a total put value of 102,750,000 Combined total value = 17,213,250,000
Strike 5900 has a total call value of 21,904,500,000 versus a total put value of 61,500,000 Combined total value = 21,966,000,000
Strike 5950 has a total call value of 27,141,750,000 versus a total put value of 30,750,000 Combined total value = 27,172,500,000
Strike 6000 has a total call value of 32,451,750,000 versus a total put value of 0 Combined total value = 32,451,750,000
Strike 6050 has a total call value of 38,892,750,000 versus a total put value of 0 Combined total value = 38,892,750,000
Strike 6100 has a total call value of 45,376,500,000 versus a total put value of 0 Combined total value = 45,376,500,000
Strike 6150 has a total call value of 52,019,250,000 versus a total put value of 0 Combined total value = 52,019,250,000
Strike 6200 has a total call value of 58,692,000,000 versus a total put value of 0 Combined total value = 58,692,000,000
Strike 6250 has a total call value of 65,700,750,000 versus a total put value of 0 Combined total value = 65,700,750,000
Strike 6300 has a total call value of 72,735,750,000 versus a total put value of 0 Combined total value = 72,735,750,000
Strike 6350 has a total call value of 79,770,750,000 versus a total put value of 0 Combined total value = 79,770,750,000
Strike 6400 has a total call value of 86,805,750,000 versus a total put value of 0 Combined total value = 86,805,750,000
Strike 6450 has a total call value of 93,995,250,000 versus a total put value of 0 Combined total value = 93,995,250,000
Strike 6500 has a total call value of 101,184,750,000 versus a total put value of 0 Combined total value = 101,184,750,000
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.