HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
16 Sep 2024 04:11 PM IST
Max Pain for HINDPETRO is 420
Strike 329 has a total call value of 0 versus a total put value of 122,374,597,500 Combined total value = 122,374,597,500
Strike 330 has a total call value of 0 versus a total put value of 120,795,705,000 Combined total value = 120,795,705,000
Strike 339 has a total call value of 0 versus a total put value of 106,585,672,500 Combined total value = 106,585,672,500
Strike 340 has a total call value of 0 versus a total put value of 105,006,780,000 Combined total value = 105,006,780,000
Strike 349 has a total call value of 0 versus a total put value of 90,796,747,500 Combined total value = 90,796,747,500
Strike 350 has a total call value of 0 versus a total put value of 89,217,855,000 Combined total value = 89,217,855,000
Strike 359 has a total call value of 14,580,000 versus a total put value of 75,250,215,000 Combined total value = 75,264,795,000
Strike 360 has a total call value of 16,200,000 versus a total put value of 73,701,090,000 Combined total value = 73,717,290,000
Strike 369 has a total call value of 30,780,000 versus a total put value of 60,214,590,000 Combined total value = 60,245,370,000
Strike 370 has a total call value of 64,192,500 versus a total put value of 58,731,075,000 Combined total value = 58,795,267,500
Strike 379 has a total call value of 364,905,000 versus a total put value of 46,232,370,000 Combined total value = 46,597,275,000
Strike 380 has a total call value of 398,317,500 versus a total put value of 44,878,657,500 Combined total value = 45,276,975,000
Strike 389 has a total call value of 799,267,500 versus a total put value of 33,533,595,000 Combined total value = 34,332,862,500
Strike 390 has a total call value of 856,170,000 versus a total put value of 32,313,735,000 Combined total value = 33,169,905,000
Strike 399 has a total call value of 1,610,685,000 versus a total put value of 22,390,222,500 Combined total value = 24,000,907,500
Strike 400 has a total call value of 1,712,340,000 versus a total put value of 21,320,617,500 Combined total value = 23,032,957,500
Strike 409 has a total call value of 3,518,437,500 versus a total put value of 13,746,307,500 Combined total value = 17,264,745,000
Strike 410 has a total call value of 3,748,072,500 versus a total put value of 12,957,975,000 Combined total value = 16,706,047,500
Strike 419 has a total call value of 7,662,802,500 versus a total put value of 7,218,922,500 Combined total value = 14,881,725,000
Strike 420 has a total call value of 8,177,355,000 versus a total put value of 6,626,407,500 Combined total value = 14,803,762,500
Strike 429 has a total call value of 15,625,912,500 versus a total put value of 3,154,545,000 Combined total value = 18,780,457,500
Strike 430 has a total call value of 16,513,875,000 versus a total put value of 2,814,547,500 Combined total value = 19,328,422,500
Strike 439 has a total call value of 27,711,315,000 versus a total put value of 1,207,102,500 Combined total value = 28,918,417,500
Strike 440 has a total call value of 29,028,375,000 versus a total put value of 1,051,177,500 Combined total value = 30,079,552,500
Strike 449 has a total call value of 44,023,905,000 versus a total put value of 334,935,000 Combined total value = 44,358,840,000
Strike 450 has a total call value of 45,738,270,000 versus a total put value of 267,300,000 Combined total value = 46,005,570,000
Strike 460 has a total call value of 65,344,320,000 versus a total put value of 133,650,000 Combined total value = 65,477,970,000
Strike 469 has a total call value of 84,624,547,500 versus a total put value of 13,365,000 Combined total value = 84,637,912,500
Strike 470 has a total call value of 86,800,005,000 versus a total put value of 0 Combined total value = 86,800,005,000
Strike 480 has a total call value of 109,386,855,000 versus a total put value of 0 Combined total value = 109,386,855,000
Strike 490 has a total call value of 132,990,255,000 versus a total put value of 0 Combined total value = 132,990,255,000
Strike 500 has a total call value of 156,757,680,000 versus a total put value of 0 Combined total value = 156,757,680,000
Strike 510 has a total call value of 181,784,655,000 versus a total put value of 0 Combined total value = 181,784,655,000
Strike 520 has a total call value of 206,929,080,000 versus a total put value of 0 Combined total value = 206,929,080,000
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.