374.2 -8.80 (-2.30%)

Max pain for HINDCOPPER

23 May 2024 04:06 PM IST

Max Pain for HINDCOPPER is 380  

Strike  280  has a total call value of 0  versus a total put value of  70,401,225,000 Combined total value = 70,401,225,000

Strike  285  has a total call value of 3,975,000  versus a total put value of  65,920,075,000 Combined total value = 65,924,050,000

Strike  290  has a total call value of 7,950,000  versus a total put value of  61,438,925,000 Combined total value = 61,446,875,000

Strike  295  has a total call value of 11,925,000  versus a total put value of  56,957,775,000 Combined total value = 56,969,700,000

Strike  300  has a total call value of 15,900,000  versus a total put value of  52,476,625,000 Combined total value = 52,492,525,000

Strike  305  has a total call value of 19,875,000  versus a total put value of  48,112,075,000 Combined total value = 48,131,950,000

Strike  310  has a total call value of 23,850,000  versus a total put value of  43,747,525,000 Combined total value = 43,771,375,000

Strike  315  has a total call value of 38,425,000  versus a total put value of  39,382,975,000 Combined total value = 39,421,400,000

Strike  320  has a total call value of 53,000,000  versus a total put value of  35,018,425,000 Combined total value = 35,071,425,000

Strike  325  has a total call value of 67,575,000  versus a total put value of  30,796,975,000 Combined total value = 30,864,550,000

Strike  330  has a total call value of 83,475,000  versus a total put value of  26,583,475,000 Combined total value = 26,666,950,000

Strike  335  has a total call value of 99,375,000  versus a total put value of  22,987,425,000 Combined total value = 23,086,800,000

Strike  340  has a total call value of 124,550,000  versus a total put value of  19,391,375,000 Combined total value = 19,515,925,000

Strike  345  has a total call value of 149,725,000  versus a total put value of  16,370,375,000 Combined total value = 16,520,100,000

Strike  350  has a total call value of 174,900,000  versus a total put value of  13,393,100,000 Combined total value = 13,568,000,000

Strike  355  has a total call value of 360,400,000  versus a total put value of  10,888,850,000 Combined total value = 11,249,250,000

Strike  360  has a total call value of 545,900,000  versus a total put value of  8,469,400,000 Combined total value = 9,015,300,000

Strike  365  has a total call value of 863,900,000  versus a total put value of  6,678,000,000 Combined total value = 7,541,900,000

Strike  370  has a total call value of 1,181,900,000  versus a total put value of  4,958,150,000 Combined total value = 6,140,050,000

Strike  375  has a total call value of 1,623,125,000  versus a total put value of  3,570,875,000 Combined total value = 5,194,000,000

Strike  380  has a total call value of 2,215,400,000  versus a total put value of  2,403,550,000 Combined total value = 4,618,950,000

Strike  385  has a total call value of 3,258,175,000  versus a total put value of  1,649,625,000 Combined total value = 4,907,800,000

Strike  390  has a total call value of 4,385,750,000  versus a total put value of  943,400,000 Combined total value = 5,329,150,000

Strike  395  has a total call value of 6,104,275,000  versus a total put value of  514,100,000 Combined total value = 6,618,375,000

Strike  400  has a total call value of 8,058,650,000  versus a total put value of  145,750,000 Combined total value = 8,204,400,000

Strike  405  has a total call value of 12,084,000,000  versus a total put value of  76,850,000 Combined total value = 12,160,850,000

Strike  410  has a total call value of 16,396,875,000  versus a total put value of  7,950,000 Combined total value = 16,404,825,000

Strike  415  has a total call value of 21,857,200,000  versus a total put value of  6,625,000 Combined total value = 21,863,825,000

Strike  420  has a total call value of 27,639,500,000  versus a total put value of  5,300,000 Combined total value = 27,644,800,000

Strike  425  has a total call value of 34,383,750,000  versus a total put value of  3,975,000 Combined total value = 34,387,725,000

Strike  430  has a total call value of 41,361,200,000  versus a total put value of  2,650,000 Combined total value = 41,363,850,000

Strike  435  has a total call value of 49,052,825,000  versus a total put value of  1,325,000 Combined total value = 49,054,150,000

Strike  440  has a total call value of 57,086,300,000  versus a total put value of  0 Combined total value = 57,086,300,000

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.