HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
06 Sep 2024 04:11 PM IST
Max Pain for HINDPETRO is 430
Strike 289 has a total call value of 0 versus a total put value of 191,318,355,000 Combined total value = 191,318,355,000
Strike 290 has a total call value of 0 versus a total put value of 189,769,432,500 Combined total value = 189,769,432,500
Strike 300 has a total call value of 0 versus a total put value of 174,280,207,500 Combined total value = 174,280,207,500
Strike 309 has a total call value of 0 versus a total put value of 160,339,905,000 Combined total value = 160,339,905,000
Strike 310 has a total call value of 0 versus a total put value of 158,790,982,500 Combined total value = 158,790,982,500
Strike 319 has a total call value of 0 versus a total put value of 144,850,680,000 Combined total value = 144,850,680,000
Strike 320 has a total call value of 0 versus a total put value of 143,301,757,500 Combined total value = 143,301,757,500
Strike 329 has a total call value of 0 versus a total put value of 129,361,455,000 Combined total value = 129,361,455,000
Strike 330 has a total call value of 0 versus a total put value of 127,815,772,500 Combined total value = 127,815,772,500
Strike 339 has a total call value of 0 versus a total put value of 113,910,097,500 Combined total value = 113,910,097,500
Strike 340 has a total call value of 0 versus a total put value of 112,365,022,500 Combined total value = 112,365,022,500
Strike 349 has a total call value of 0 versus a total put value of 98,459,347,500 Combined total value = 98,459,347,500
Strike 350 has a total call value of 0 versus a total put value of 96,914,272,500 Combined total value = 96,914,272,500
Strike 359 has a total call value of 0 versus a total put value of 83,274,682,500 Combined total value = 83,274,682,500
Strike 360 has a total call value of 0 versus a total put value of 81,759,172,500 Combined total value = 81,759,172,500
Strike 369 has a total call value of 60,142,500 versus a total put value of 68,549,692,500 Combined total value = 68,609,835,000
Strike 370 has a total call value of 66,825,000 versus a total put value of 67,093,312,500 Combined total value = 67,160,137,500
Strike 379 has a total call value of 126,967,500 versus a total put value of 54,654,750,000 Combined total value = 54,781,717,500
Strike 380 has a total call value of 146,002,500 versus a total put value of 53,305,290,000 Combined total value = 53,451,292,500
Strike 389 has a total call value of 417,555,000 versus a total put value of 41,770,687,500 Combined total value = 42,188,242,500
Strike 390 has a total call value of 447,727,500 versus a total put value of 40,524,502,500 Combined total value = 40,972,230,000
Strike 399 has a total call value of 1,007,235,000 versus a total put value of 30,214,620,000 Combined total value = 31,221,855,000
Strike 400 has a total call value of 1,077,502,500 versus a total put value of 29,099,047,500 Combined total value = 30,176,550,000
Strike 409 has a total call value of 2,132,730,000 versus a total put value of 20,382,030,000 Combined total value = 22,514,760,000
Strike 410 has a total call value of 2,271,645,000 versus a total put value of 19,462,072,500 Combined total value = 21,733,717,500
Strike 419 has a total call value of 4,165,222,500 versus a total put value of 12,126,510,000 Combined total value = 16,291,732,500
Strike 420 has a total call value of 4,393,035,000 versus a total put value of 11,353,162,500 Combined total value = 15,746,197,500
Strike 429 has a total call value of 7,079,400,000 versus a total put value of 6,335,820,000 Combined total value = 13,415,220,000
Strike 430 has a total call value of 7,406,437,500 versus a total put value of 5,818,432,500 Combined total value = 13,224,870,000
Strike 439 has a total call value of 11,472,435,000 versus a total put value of 2,989,912,500 Combined total value = 14,462,347,500
Strike 440 has a total call value of 11,971,192,500 versus a total put value of 2,710,665,000 Combined total value = 14,681,857,500
Strike 449 has a total call value of 18,909,450,000 versus a total put value of 1,203,457,500 Combined total value = 20,112,907,500
Strike 450 has a total call value of 19,720,260,000 versus a total put value of 1,056,442,500 Combined total value = 20,776,702,500
Strike 460 has a total call value of 30,527,685,000 versus a total put value of 420,592,500 Combined total value = 30,948,277,500
Strike 469 has a total call value of 42,209,910,000 versus a total put value of 98,010,000 Combined total value = 42,307,920,000
Strike 470 has a total call value of 43,549,042,500 versus a total put value of 70,875,000 Combined total value = 43,619,917,500
Strike 480 has a total call value of 58,309,267,500 versus a total put value of 28,350,000 Combined total value = 58,337,617,500
Strike 490 has a total call value of 74,454,592,500 versus a total put value of 16,200,000 Combined total value = 74,470,792,500
Strike 500 has a total call value of 90,919,867,500 versus a total put value of 4,050,000 Combined total value = 90,923,917,500
Strike 510 has a total call value of 109,169,167,500 versus a total put value of 0 Combined total value = 109,169,167,500
Strike 520 has a total call value of 127,560,217,500 versus a total put value of 0 Combined total value = 127,560,217,500
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.