HINDCOPPER
Hindustan Copper Ltd
Max pain for HINDCOPPER
16 Sep 2024 04:12 PM IST
Max Pain for HINDCOPPER is 330
Strike 240 has a total call value of 0 versus a total put value of 53,810,900,000 Combined total value = 53,810,900,000
Strike 250 has a total call value of 0 versus a total put value of 46,902,350,000 Combined total value = 46,902,350,000
Strike 260 has a total call value of 0 versus a total put value of 39,993,800,000 Combined total value = 39,993,800,000
Strike 270 has a total call value of 0 versus a total put value of 33,087,900,000 Combined total value = 33,087,900,000
Strike 280 has a total call value of 0 versus a total put value of 26,182,000,000 Combined total value = 26,182,000,000
Strike 290 has a total call value of 0 versus a total put value of 19,546,400,000 Combined total value = 19,546,400,000
Strike 300 has a total call value of 0 versus a total put value of 13,305,650,000 Combined total value = 13,305,650,000
Strike 310 has a total call value of 233,200,000 versus a total put value of 7,997,700,000 Combined total value = 8,230,900,000
Strike 320 has a total call value of 776,450,000 versus a total put value of 3,874,300,000 Combined total value = 4,650,750,000
Strike 330 has a total call value of 2,029,900,000 versus a total put value of 1,060,000,000 Combined total value = 3,089,900,000
Strike 340 has a total call value of 5,615,350,000 versus a total put value of 532,650,000 Combined total value = 6,148,000,000
Strike 350 has a total call value of 10,366,800,000 versus a total put value of 188,150,000 Combined total value = 10,554,950,000
Strike 360 has a total call value of 16,787,750,000 versus a total put value of 116,600,000 Combined total value = 16,904,350,000
Strike 370 has a total call value of 23,908,300,000 versus a total put value of 60,950,000 Combined total value = 23,969,250,000
Strike 380 has a total call value of 31,028,850,000 versus a total put value of 5,300,000 Combined total value = 31,034,150,000
Strike 390 has a total call value of 39,145,800,000 versus a total put value of 2,650,000 Combined total value = 39,148,450,000
Strike 400 has a total call value of 47,262,750,000 versus a total put value of 0 Combined total value = 47,262,750,000
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.