HEROMOTOCO
HERO MOTOCORP LIMITED
Max pain for HEROMOTOCO
26 Jul 2024 04:11 PM IST
Max Pain for HEROMOTOCO is 5500
Strike 4600 has a total call value of 0 versus a total put value of 28,561,500,000 Combined total value = 28,561,500,000
Strike 4700 has a total call value of 0 versus a total put value of 24,217,500,000 Combined total value = 24,217,500,000
Strike 4800 has a total call value of 0 versus a total put value of 19,873,500,000 Combined total value = 19,873,500,000
Strike 4900 has a total call value of 0 versus a total put value of 15,754,500,000 Combined total value = 15,754,500,000
Strike 5000 has a total call value of 0 versus a total put value of 11,886,000,000 Combined total value = 11,886,000,000
Strike 5100 has a total call value of 129,000,000 versus a total put value of 8,995,500,000 Combined total value = 9,124,500,000
Strike 5200 has a total call value of 274,500,000 versus a total put value of 6,508,500,000 Combined total value = 6,783,000,000
Strike 5300 has a total call value of 468,000,000 versus a total put value of 4,269,000,000 Combined total value = 4,737,000,000
Strike 5400 has a total call value of 742,500,000 versus a total put value of 2,413,500,000 Combined total value = 3,156,000,000
Strike 5500 has a total call value of 1,362,000,000 versus a total put value of 1,233,000,000 Combined total value = 2,595,000,000
Strike 5600 has a total call value of 3,234,000,000 versus a total put value of 780,000,000 Combined total value = 4,014,000,000
Strike 5700 has a total call value of 5,991,000,000 versus a total put value of 535,500,000 Combined total value = 6,526,500,000
Strike 5800 has a total call value of 9,505,500,000 versus a total put value of 291,000,000 Combined total value = 9,796,500,000
Strike 5900 has a total call value of 13,708,500,000 versus a total put value of 148,500,000 Combined total value = 13,857,000,000
Strike 6000 has a total call value of 18,130,500,000 versus a total put value of 27,000,000 Combined total value = 18,157,500,000
Strike 6100 has a total call value of 23,736,000,000 versus a total put value of 13,500,000 Combined total value = 23,749,500,000
Strike 6200 has a total call value of 29,427,000,000 versus a total put value of 0 Combined total value = 29,427,000,000
Strike 6300 has a total call value of 35,286,000,000 versus a total put value of 0 Combined total value = 35,286,000,000
Strike 6400 has a total call value of 41,145,000,000 versus a total put value of 0 Combined total value = 41,145,000,000
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.