HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
18 Sep 2024 04:11 PM IST
Max Pain for HINDPETRO is 420
Strike 339 has a total call value of 0 versus a total put value of 102,060,000,000 Combined total value = 102,060,000,000
Strike 340 has a total call value of 0 versus a total put value of 100,560,892,500 Combined total value = 100,560,892,500
Strike 349 has a total call value of 0 versus a total put value of 87,068,925,000 Combined total value = 87,068,925,000
Strike 350 has a total call value of 0 versus a total put value of 85,569,817,500 Combined total value = 85,569,817,500
Strike 359 has a total call value of 0 versus a total put value of 72,303,840,000 Combined total value = 72,303,840,000
Strike 360 has a total call value of 0 versus a total put value of 70,829,842,500 Combined total value = 70,829,842,500
Strike 369 has a total call value of 0 versus a total put value of 57,999,442,500 Combined total value = 57,999,442,500
Strike 370 has a total call value of 0 versus a total put value of 56,573,842,500 Combined total value = 56,573,842,500
Strike 379 has a total call value of 0 versus a total put value of 44,565,390,000 Combined total value = 44,565,390,000
Strike 380 has a total call value of 10,530,000 versus a total put value of 43,261,492,500 Combined total value = 43,272,022,500
Strike 389 has a total call value of 198,247,500 versus a total put value of 32,178,870,000 Combined total value = 32,377,117,500
Strike 390 has a total call value of 231,457,500 versus a total put value of 30,995,865,000 Combined total value = 31,227,322,500
Strike 399 has a total call value of 790,965,000 versus a total put value of 21,460,545,000 Combined total value = 22,251,510,000
Strike 400 has a total call value of 871,560,000 versus a total put value of 20,433,667,500 Combined total value = 21,305,227,500
Strike 409 has a total call value of 2,376,945,000 versus a total put value of 13,302,225,000 Combined total value = 15,679,170,000
Strike 410 has a total call value of 2,577,217,500 versus a total put value of 12,557,430,000 Combined total value = 15,134,647,500
Strike 419 has a total call value of 6,652,327,500 versus a total put value of 7,115,445,000 Combined total value = 13,767,772,500
Strike 420 has a total call value of 7,188,750,000 versus a total put value of 6,552,495,000 Combined total value = 13,741,245,000
Strike 429 has a total call value of 14,979,937,500 versus a total put value of 3,226,432,500 Combined total value = 18,206,370,000
Strike 430 has a total call value of 15,897,870,000 versus a total put value of 2,900,610,000 Combined total value = 18,798,480,000
Strike 439 has a total call value of 27,370,507,500 versus a total put value of 1,349,662,500 Combined total value = 28,720,170,000
Strike 440 has a total call value of 28,713,892,500 versus a total put value of 1,201,230,000 Combined total value = 29,915,122,500
Strike 449 has a total call value of 43,580,025,000 versus a total put value of 474,052,500 Combined total value = 44,054,077,500
Strike 450 has a total call value of 45,276,367,500 versus a total put value of 405,000,000 Combined total value = 45,681,367,500
Strike 460 has a total call value of 64,220,242,500 versus a total put value of 133,650,000 Combined total value = 64,353,892,500
Strike 469 has a total call value of 82,683,990,000 versus a total put value of 13,365,000 Combined total value = 82,697,355,000
Strike 470 has a total call value of 84,772,980,000 versus a total put value of 0 Combined total value = 84,772,980,000
Strike 480 has a total call value of 106,343,280,000 versus a total put value of 0 Combined total value = 106,343,280,000
Strike 490 has a total call value of 128,875,455,000 versus a total put value of 0 Combined total value = 128,875,455,000
Strike 500 has a total call value of 151,561,530,000 versus a total put value of 0 Combined total value = 151,561,530,000
Strike 510 has a total call value of 175,341,105,000 versus a total put value of 0 Combined total value = 175,341,105,000
Strike 520 has a total call value of 199,221,930,000 versus a total put value of 0 Combined total value = 199,221,930,000
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.