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HINDALCO
HINDALCO INDUSTRIES LTD

531.15 -1.39 (-0.26%)


Strike  420  has a total call value of 0  versus a total put value of  73,741,500,000 Combined total value = 73,741,500,000

Strike  425  has a total call value of 0  versus a total put value of  69,485,500,000 Combined total value = 69,485,500,000

Strike  430  has a total call value of 0  versus a total put value of  65,229,500,000 Combined total value = 65,229,500,000

Strike  435  has a total call value of 0  versus a total put value of  60,973,500,000 Combined total value = 60,973,500,000

Strike  440  has a total call value of 0  versus a total put value of  56,717,500,000 Combined total value = 56,717,500,000

Strike  445  has a total call value of 0  versus a total put value of  52,504,900,000 Combined total value = 52,504,900,000

Strike  450  has a total call value of 0  versus a total put value of  48,292,300,000 Combined total value = 48,292,300,000

Strike  455  has a total call value of 10,500,000  versus a total put value of  44,279,200,000 Combined total value = 44,289,700,000

Strike  460  has a total call value of 21,000,000  versus a total put value of  40,294,100,000 Combined total value = 40,315,100,000

Strike  465  has a total call value of 31,500,000  versus a total put value of  36,385,300,000 Combined total value = 36,416,800,000

Strike  470  has a total call value of 42,000,000  versus a total put value of  32,476,500,000 Combined total value = 32,518,500,000

Strike  475  has a total call value of 52,500,000  versus a total put value of  28,694,400,000 Combined total value = 28,746,900,000

Strike  480  has a total call value of 63,000,000  versus a total put value of  24,950,800,000 Combined total value = 25,013,800,000

Strike  485  has a total call value of 114,100,000  versus a total put value of  21,746,200,000 Combined total value = 21,860,300,000

Strike  490  has a total call value of 165,200,000  versus a total put value of  18,614,400,000 Combined total value = 18,779,600,000

Strike  495  has a total call value of 256,200,000  versus a total put value of  15,662,500,000 Combined total value = 15,918,700,000

Strike  500  has a total call value of 347,200,000  versus a total put value of  12,799,500,000 Combined total value = 13,146,700,000

Strike  505  has a total call value of 614,600,000  versus a total put value of  10,654,700,000 Combined total value = 11,269,300,000

Strike  510  has a total call value of 922,600,000  versus a total put value of  8,635,200,000 Combined total value = 9,557,800,000

Strike  515  has a total call value of 1,379,000,000  versus a total put value of  6,941,200,000 Combined total value = 8,320,200,000

Strike  520  has a total call value of 1,878,100,000  versus a total put value of  5,404,700,000 Combined total value = 7,282,800,000

Strike  525  has a total call value of 3,138,800,000  versus a total put value of  4,288,200,000 Combined total value = 7,427,000,000

Strike  530  has a total call value of 4,564,700,000  versus a total put value of  3,304,700,000 Combined total value = 7,869,400,000

Strike  535  has a total call value of 6,698,300,000  versus a total put value of  2,594,900,000 Combined total value = 9,293,200,000

Strike  540  has a total call value of 9,103,500,000  versus a total put value of  1,941,800,000 Combined total value = 11,045,300,000

Strike  545  has a total call value of 12,351,500,000  versus a total put value of  1,558,900,000 Combined total value = 13,910,400,000

Strike  550  has a total call value of 15,769,600,000  versus a total put value of  1,190,700,000 Combined total value = 16,960,300,000

Strike  555  has a total call value of 20,286,700,000  versus a total put value of  1,010,800,000 Combined total value = 21,297,500,000

Strike  560  has a total call value of 24,908,800,000  versus a total put value of  830,900,000 Combined total value = 25,739,700,000

Strike  565  has a total call value of 29,984,500,000  versus a total put value of  731,500,000 Combined total value = 30,716,000,000

Strike  570  has a total call value of 35,163,800,000  versus a total put value of  632,100,000 Combined total value = 35,795,900,000

Strike  575  has a total call value of 40,699,400,000  versus a total put value of  532,700,000 Combined total value = 41,232,100,000

Strike  580  has a total call value of 46,316,900,000  versus a total put value of  433,300,000 Combined total value = 46,750,200,000

Strike  585  has a total call value of 52,345,300,000  versus a total put value of  333,900,000 Combined total value = 52,679,200,000

Strike  590  has a total call value of 58,433,200,000  versus a total put value of  236,600,000 Combined total value = 58,669,800,000

Strike  595  has a total call value of 64,723,400,000  versus a total put value of  139,300,000 Combined total value = 64,862,700,000

Strike  600  has a total call value of 71,085,700,000  versus a total put value of  42,000,000 Combined total value = 71,127,700,000

Strike  605  has a total call value of 79,032,800,000  versus a total put value of  37,800,000 Combined total value = 79,070,600,000

Strike  610  has a total call value of 86,979,900,000  versus a total put value of  33,600,000 Combined total value = 87,013,500,000

Strike  615  has a total call value of 94,985,800,000  versus a total put value of  29,400,000 Combined total value = 95,015,200,000

Strike  620  has a total call value of 102,991,700,000  versus a total put value of  25,200,000 Combined total value = 103,016,900,000

Strike  625  has a total call value of 111,237,000,000  versus a total put value of  21,000,000 Combined total value = 111,258,000,000

Strike  630  has a total call value of 119,547,400,000  versus a total put value of  16,800,000 Combined total value = 119,564,200,000

Strike  635  has a total call value of 128,037,000,000  versus a total put value of  12,600,000 Combined total value = 128,049,600,000

Strike  640  has a total call value of 136,526,600,000  versus a total put value of  8,400,000 Combined total value = 136,535,000,000

Strike  645  has a total call value of 145,016,200,000  versus a total put value of  4,200,000 Combined total value = 145,020,400,000

Strike  650  has a total call value of 153,505,800,000  versus a total put value of  0 Combined total value = 153,505,800,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.