HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
29 Oct 2024 04:10 PM IST
Max Pain for HINDPETRO is 400
Strike 320 has a total call value of 0 versus a total put value of 111,522,217,500 Combined total value = 111,522,217,500
Strike 325 has a total call value of 0 versus a total put value of 103,956,817,500 Combined total value = 103,956,817,500
Strike 330 has a total call value of 0 versus a total put value of 96,391,417,500 Combined total value = 96,391,417,500
Strike 335 has a total call value of 1,012,500 versus a total put value of 88,911,067,500 Combined total value = 88,912,080,000
Strike 340 has a total call value of 2,025,000 versus a total put value of 81,430,717,500 Combined total value = 81,432,742,500
Strike 345 has a total call value of 3,037,500 versus a total put value of 74,192,355,000 Combined total value = 74,195,392,500
Strike 350 has a total call value of 4,050,000 versus a total put value of 66,953,992,500 Combined total value = 66,958,042,500
Strike 355 has a total call value of 5,062,500 versus a total put value of 60,046,717,500 Combined total value = 60,051,780,000
Strike 360 has a total call value of 11,137,500 versus a total put value of 53,219,430,000 Combined total value = 53,230,567,500
Strike 365 has a total call value of 57,712,500 versus a total put value of 46,690,830,000 Combined total value = 46,748,542,500
Strike 369 has a total call value of 119,272,500 versus a total put value of 41,587,020,000 Combined total value = 41,706,292,500
Strike 370 has a total call value of 134,662,500 versus a total put value of 40,322,812,500 Combined total value = 40,457,475,000
Strike 375 has a total call value of 440,437,500 versus a total put value of 34,302,487,500 Combined total value = 34,742,925,000
Strike 380 has a total call value of 865,687,500 versus a total put value of 28,508,962,500 Combined total value = 29,374,650,000
Strike 385 has a total call value of 1,682,775,000 versus a total put value of 23,859,562,500 Combined total value = 25,542,337,500
Strike 390 has a total call value of 2,704,387,500 versus a total put value of 19,423,800,000 Combined total value = 22,128,187,500
Strike 395 has a total call value of 4,440,825,000 versus a total put value of 15,631,987,500 Combined total value = 20,072,812,500
Strike 400 has a total call value of 6,679,462,500 versus a total put value of 12,007,237,500 Combined total value = 18,686,700,000
Strike 405 has a total call value of 10,070,325,000 versus a total put value of 9,356,512,500 Combined total value = 19,426,837,500
Strike 410 has a total call value of 13,740,637,500 versus a total put value of 6,944,737,500 Combined total value = 20,685,375,000
Strike 415 has a total call value of 18,069,075,000 versus a total put value of 5,057,437,500 Combined total value = 23,126,512,500
Strike 420 has a total call value of 22,634,437,500 versus a total put value of 3,356,437,500 Combined total value = 25,990,875,000
Strike 425 has a total call value of 27,791,100,000 versus a total put value of 2,271,037,500 Combined total value = 30,062,137,500
Strike 429 has a total call value of 32,070,330,000 versus a total put value of 1,535,557,500 Combined total value = 33,605,887,500
Strike 430 has a total call value of 33,151,882,500 versus a total put value of 1,351,687,500 Combined total value = 34,503,570,000
Strike 435 has a total call value of 39,117,532,500 versus a total put value of 741,150,000 Combined total value = 39,858,682,500
Strike 440 has a total call value of 45,294,795,000 versus a total put value of 413,100,000 Combined total value = 45,707,895,000
Strike 445 has a total call value of 52,064,370,000 versus a total put value of 247,050,000 Combined total value = 52,311,420,000
Strike 450 has a total call value of 59,073,907,500 versus a total put value of 81,000,000 Combined total value = 59,154,907,500
Strike 455 has a total call value of 66,547,170,000 versus a total put value of 60,750,000 Combined total value = 66,607,920,000
Strike 460 has a total call value of 74,172,307,500 versus a total put value of 40,500,000 Combined total value = 74,212,807,500
Strike 465 has a total call value of 82,064,745,000 versus a total put value of 20,250,000 Combined total value = 82,084,995,000
Strike 470 has a total call value of 90,012,870,000 versus a total put value of 0 Combined total value = 90,012,870,000
Strike 475 has a total call value of 98,091,607,500 versus a total put value of 0 Combined total value = 98,091,607,500
Strike 480 has a total call value of 106,205,782,500 versus a total put value of 0 Combined total value = 106,205,782,500
Strike 485 has a total call value of 114,761,407,500 versus a total put value of 0 Combined total value = 114,761,407,500
Strike 490 has a total call value of 123,335,257,500 versus a total put value of 0 Combined total value = 123,335,257,500
Strike 495 has a total call value of 132,041,745,000 versus a total put value of 0 Combined total value = 132,041,745,000
Strike 500 has a total call value of 140,748,232,500 versus a total put value of 0 Combined total value = 140,748,232,500
Strike 505 has a total call value of 149,836,432,500 versus a total put value of 0 Combined total value = 149,836,432,500
Strike 510 has a total call value of 158,924,632,500 versus a total put value of 0 Combined total value = 158,924,632,500
Strike 515 has a total call value of 168,012,832,500 versus a total put value of 0 Combined total value = 168,012,832,500
Strike 520 has a total call value of 177,101,032,500 versus a total put value of 0 Combined total value = 177,101,032,500
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.