HINDPETRO
Hindustan Petroleum Corp
Max pain for HINDPETRO
18 Oct 2024 01:51 PM IST
Max Pain for HINDPETRO is 420
Strike 340 has a total call value of 0 versus a total put value of 126,892,575,000 Combined total value = 126,892,575,000
Strike 345 has a total call value of 0 versus a total put value of 117,359,887,500 Combined total value = 117,359,887,500
Strike 350 has a total call value of 0 versus a total put value of 107,827,200,000 Combined total value = 107,827,200,000
Strike 355 has a total call value of 0 versus a total put value of 98,520,300,000 Combined total value = 98,520,300,000
Strike 360 has a total call value of 0 versus a total put value of 89,229,600,000 Combined total value = 89,229,600,000
Strike 365 has a total call value of 0 versus a total put value of 80,309,475,000 Combined total value = 80,309,475,000
Strike 369 has a total call value of 0 versus a total put value of 73,173,375,000 Combined total value = 73,173,375,000
Strike 370 has a total call value of 0 versus a total put value of 71,389,350,000 Combined total value = 71,389,350,000
Strike 375 has a total call value of 0 versus a total put value of 63,021,037,500 Combined total value = 63,021,037,500
Strike 380 has a total call value of 37,462,500 versus a total put value of 54,725,625,000 Combined total value = 54,763,087,500
Strike 385 has a total call value of 74,925,000 versus a total put value of 46,872,675,000 Combined total value = 46,947,600,000
Strike 390 has a total call value of 112,387,500 versus a total put value of 39,343,725,000 Combined total value = 39,456,112,500
Strike 395 has a total call value of 417,150,000 versus a total put value of 32,479,987,500 Combined total value = 32,897,137,500
Strike 400 has a total call value of 930,487,500 versus a total put value of 25,912,912,500 Combined total value = 26,843,400,000
Strike 405 has a total call value of 1,951,087,500 versus a total put value of 20,365,425,000 Combined total value = 22,316,512,500
Strike 410 has a total call value of 3,085,087,500 versus a total put value of 15,114,600,000 Combined total value = 18,199,687,500
Strike 415 has a total call value of 5,228,550,000 versus a total put value of 11,199,262,500 Combined total value = 16,427,812,500
Strike 420 has a total call value of 7,556,287,500 versus a total put value of 7,522,875,000 Combined total value = 15,079,162,500
Strike 425 has a total call value of 10,542,150,000 versus a total put value of 5,151,600,000 Combined total value = 15,693,750,000
Strike 429 has a total call value of 13,117,140,000 versus a total put value of 3,520,260,000 Combined total value = 16,637,400,000
Strike 430 has a total call value of 13,782,150,000 versus a total put value of 3,112,425,000 Combined total value = 16,894,575,000
Strike 435 has a total call value of 18,206,775,000 versus a total put value of 1,895,400,000 Combined total value = 20,102,175,000
Strike 440 has a total call value of 23,020,200,000 versus a total put value of 1,066,162,500 Combined total value = 24,086,362,500
Strike 445 has a total call value of 28,765,125,000 versus a total put value of 652,050,000 Combined total value = 29,417,175,000
Strike 450 has a total call value of 34,898,850,000 versus a total put value of 325,012,500 Combined total value = 35,223,862,500
Strike 455 has a total call value of 41,956,987,500 versus a total put value of 195,412,500 Combined total value = 42,152,400,000
Strike 460 has a total call value of 49,260,150,000 versus a total put value of 65,812,500 Combined total value = 49,325,962,500
Strike 465 has a total call value of 57,198,150,000 versus a total put value of 24,300,000 Combined total value = 57,222,450,000
Strike 470 has a total call value of 65,296,125,000 versus a total put value of 3,037,500 Combined total value = 65,299,162,500
Strike 475 has a total call value of 73,900,350,000 versus a total put value of 0 Combined total value = 73,900,350,000
Strike 480 has a total call value of 82,749,600,000 versus a total put value of 0 Combined total value = 82,749,600,000
Strike 485 has a total call value of 92,164,837,500 versus a total put value of 0 Combined total value = 92,164,837,500
Strike 490 has a total call value of 101,620,575,000 versus a total put value of 0 Combined total value = 101,620,575,000
Strike 495 has a total call value of 111,316,275,000 versus a total put value of 0 Combined total value = 111,316,275,000
Strike 500 has a total call value of 121,011,975,000 versus a total put value of 0 Combined total value = 121,011,975,000
Strike 505 has a total call value of 131,137,987,500 versus a total put value of 0 Combined total value = 131,137,987,500
Strike 510 has a total call value of 141,264,000,000 versus a total put value of 0 Combined total value = 141,264,000,000
Strike 515 has a total call value of 151,503,412,500 versus a total put value of 0 Combined total value = 151,503,412,500
Strike 520 has a total call value of 161,742,825,000 versus a total put value of 0 Combined total value = 161,742,825,000
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.
