HINDUNILVR
HINDUSTAN UNILEVER LTD.
Max pain for HINDUNILVR
04 Jul 2024 11:54 AM IST
Max Pain for HINDUNILVR is 2500
Strike 2000 has a total call value of 0 versus a total put value of 124,543,800,000 Combined total value = 124,543,800,000
Strike 2020 has a total call value of 0 versus a total put value of 118,791,600,000 Combined total value = 118,791,600,000
Strike 2040 has a total call value of 0 versus a total put value of 113,039,400,000 Combined total value = 113,039,400,000
Strike 2060 has a total call value of 0 versus a total put value of 107,287,200,000 Combined total value = 107,287,200,000
Strike 2080 has a total call value of 0 versus a total put value of 101,535,000,000 Combined total value = 101,535,000,000
Strike 2100 has a total call value of 0 versus a total put value of 95,782,800,000 Combined total value = 95,782,800,000
Strike 2120 has a total call value of 0 versus a total put value of 90,051,000,000 Combined total value = 90,051,000,000
Strike 2140 has a total call value of 0 versus a total put value of 84,319,200,000 Combined total value = 84,319,200,000
Strike 2160 has a total call value of 0 versus a total put value of 78,587,400,000 Combined total value = 78,587,400,000
Strike 2180 has a total call value of 0 versus a total put value of 72,855,600,000 Combined total value = 72,855,600,000
Strike 2200 has a total call value of 0 versus a total put value of 67,123,800,000 Combined total value = 67,123,800,000
Strike 2220 has a total call value of 0 versus a total put value of 61,708,200,000 Combined total value = 61,708,200,000
Strike 2240 has a total call value of 0 versus a total put value of 56,292,600,000 Combined total value = 56,292,600,000
Strike 2260 has a total call value of 0 versus a total put value of 50,898,600,000 Combined total value = 50,898,600,000
Strike 2280 has a total call value of 0 versus a total put value of 45,567,600,000 Combined total value = 45,567,600,000
Strike 2300 has a total call value of 0 versus a total put value of 40,236,600,000 Combined total value = 40,236,600,000
Strike 2320 has a total call value of 61,800,000 versus a total put value of 35,458,200,000 Combined total value = 35,520,000,000
Strike 2340 has a total call value of 123,600,000 versus a total put value of 30,745,800,000 Combined total value = 30,869,400,000
Strike 2360 has a total call value of 185,400,000 versus a total put value of 26,142,600,000 Combined total value = 26,328,000,000
Strike 2380 has a total call value of 247,200,000 versus a total put value of 21,821,400,000 Combined total value = 22,068,600,000
Strike 2400 has a total call value of 333,600,000 versus a total put value of 17,658,600,000 Combined total value = 17,992,200,000
Strike 2420 has a total call value of 1,005,600,000 versus a total put value of 14,408,400,000 Combined total value = 15,414,000,000
Strike 2440 has a total call value of 1,704,000,000 versus a total put value of 11,322,600,000 Combined total value = 13,026,600,000
Strike 2460 has a total call value of 2,520,000,000 versus a total put value of 8,510,400,000 Combined total value = 11,030,400,000
Strike 2480 has a total call value of 3,520,800,000 versus a total put value of 6,067,800,000 Combined total value = 9,588,600,000
Strike 2500 has a total call value of 5,581,200,000 versus a total put value of 3,829,200,000 Combined total value = 9,410,400,000
Strike 2520 has a total call value of 9,343,200,000 versus a total put value of 2,857,200,000 Combined total value = 12,200,400,000
Strike 2540 has a total call value of 13,470,600,000 versus a total put value of 2,044,200,000 Combined total value = 15,514,800,000
Strike 2560 has a total call value of 18,533,400,000 versus a total put value of 1,371,000,000 Combined total value = 19,904,400,000
Strike 2580 has a total call value of 24,290,400,000 versus a total put value of 873,600,000 Combined total value = 25,164,000,000
Strike 2600 has a total call value of 30,244,200,000 versus a total put value of 421,200,000 Combined total value = 30,665,400,000
Strike 2620 has a total call value of 38,779,800,000 versus a total put value of 316,800,000 Combined total value = 39,096,600,000
Strike 2640 has a total call value of 47,561,400,000 versus a total put value of 212,400,000 Combined total value = 47,773,800,000
Strike 2660 has a total call value of 56,583,000,000 versus a total put value of 154,800,000 Combined total value = 56,737,800,000
Strike 2680 has a total call value of 65,929,200,000 versus a total put value of 102,000,000 Combined total value = 66,031,200,000
Strike 2700 has a total call value of 75,376,200,000 versus a total put value of 49,200,000 Combined total value = 75,425,400,000
Strike 2720 has a total call value of 85,765,200,000 versus a total put value of 45,000,000 Combined total value = 85,810,200,000
Strike 2740 has a total call value of 96,193,200,000 versus a total put value of 40,800,000 Combined total value = 96,234,000,000
Strike 2760 has a total call value of 106,698,600,000 versus a total put value of 36,600,000 Combined total value = 106,735,200,000
Strike 2780 has a total call value of 117,247,800,000 versus a total put value of 32,400,000 Combined total value = 117,280,200,000
Strike 2800 has a total call value of 127,797,000,000 versus a total put value of 28,200,000 Combined total value = 127,825,200,000
Strike 2820 has a total call value of 138,924,000,000 versus a total put value of 24,000,000 Combined total value = 138,948,000,000
Strike 2840 has a total call value of 150,051,000,000 versus a total put value of 19,800,000 Combined total value = 150,070,800,000
Strike 2860 has a total call value of 161,178,000,000 versus a total put value of 15,600,000 Combined total value = 161,193,600,000
Strike 2880 has a total call value of 172,305,000,000 versus a total put value of 11,400,000 Combined total value = 172,316,400,000
Strike 2900 has a total call value of 183,432,000,000 versus a total put value of 7,200,000 Combined total value = 183,439,200,000
Strike 2920 has a total call value of 194,762,400,000 versus a total put value of 5,400,000 Combined total value = 194,767,800,000
Strike 2940 has a total call value of 206,092,800,000 versus a total put value of 3,600,000 Combined total value = 206,096,400,000
Strike 2960 has a total call value of 217,423,200,000 versus a total put value of 1,800,000 Combined total value = 217,425,000,000
Strike 2980 has a total call value of 228,753,600,000 versus a total put value of 0 Combined total value = 228,753,600,000
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.