HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
16 Sep 2024 04:13 PM IST
Max Pain for HINDUNILVR is 2860
Strike 2400 has a total call value of 0 versus a total put value of 162,493,800,000 Combined total value = 162,493,800,000
Strike 2420 has a total call value of 0 versus a total put value of 154,048,200,000 Combined total value = 154,048,200,000
Strike 2440 has a total call value of 0 versus a total put value of 145,602,600,000 Combined total value = 145,602,600,000
Strike 2460 has a total call value of 0 versus a total put value of 137,157,000,000 Combined total value = 137,157,000,000
Strike 2480 has a total call value of 0 versus a total put value of 128,711,400,000 Combined total value = 128,711,400,000
Strike 2500 has a total call value of 0 versus a total put value of 120,265,800,000 Combined total value = 120,265,800,000
Strike 2520 has a total call value of 0 versus a total put value of 112,081,800,000 Combined total value = 112,081,800,000
Strike 2540 has a total call value of 0 versus a total put value of 103,932,600,000 Combined total value = 103,932,600,000
Strike 2560 has a total call value of 0 versus a total put value of 95,842,800,000 Combined total value = 95,842,800,000
Strike 2580 has a total call value of 600,000 versus a total put value of 87,805,800,000 Combined total value = 87,806,400,000
Strike 2600 has a total call value of 1,200,000 versus a total put value of 79,891,800,000 Combined total value = 79,893,000,000
Strike 2620 has a total call value of 84,600,000 versus a total put value of 72,798,000,000 Combined total value = 72,882,600,000
Strike 2640 has a total call value of 178,800,000 versus a total put value of 65,793,600,000 Combined total value = 65,972,400,000
Strike 2660 has a total call value of 273,000,000 versus a total put value of 58,841,400,000 Combined total value = 59,114,400,000
Strike 2680 has a total call value of 370,800,000 versus a total put value of 51,994,800,000 Combined total value = 52,365,600,000
Strike 2700 has a total call value of 468,600,000 versus a total put value of 45,277,200,000 Combined total value = 45,745,800,000
Strike 2720 has a total call value of 1,084,800,000 versus a total put value of 39,141,600,000 Combined total value = 40,226,400,000
Strike 2740 has a total call value of 1,741,800,000 versus a total put value of 33,173,400,000 Combined total value = 34,915,200,000
Strike 2760 has a total call value of 2,466,600,000 versus a total put value of 27,385,200,000 Combined total value = 29,851,800,000
Strike 2780 has a total call value of 3,290,400,000 versus a total put value of 21,861,600,000 Combined total value = 25,152,000,000
Strike 2800 has a total call value of 4,228,800,000 versus a total put value of 17,225,400,000 Combined total value = 21,454,200,000
Strike 2820 has a total call value of 5,638,200,000 versus a total put value of 13,314,600,000 Combined total value = 18,952,800,000
Strike 2840 has a total call value of 7,307,400,000 versus a total put value of 9,859,200,000 Combined total value = 17,166,600,000
Strike 2860 has a total call value of 9,258,000,000 versus a total put value of 6,939,600,000 Combined total value = 16,197,600,000
Strike 2880 has a total call value of 12,946,200,000 versus a total put value of 4,583,400,000 Combined total value = 17,529,600,000
Strike 2900 has a total call value of 18,015,000,000 versus a total put value of 2,559,600,000 Combined total value = 20,574,600,000
Strike 2920 has a total call value of 25,485,600,000 versus a total put value of 1,594,800,000 Combined total value = 27,080,400,000
Strike 2940 has a total call value of 33,836,400,000 versus a total put value of 937,200,000 Combined total value = 34,773,600,000
Strike 2960 has a total call value of 43,220,400,000 versus a total put value of 505,200,000 Combined total value = 43,725,600,000
Strike 2980 has a total call value of 53,640,000,000 versus a total put value of 228,600,000 Combined total value = 53,868,600,000
Strike 3000 has a total call value of 64,459,800,000 versus a total put value of 40,800,000 Combined total value = 64,500,600,000
Strike 3020 has a total call value of 77,907,600,000 versus a total put value of 34,200,000 Combined total value = 77,941,800,000
Strike 3040 has a total call value of 91,680,000,000 versus a total put value of 27,600,000 Combined total value = 91,707,600,000
Strike 3060 has a total call value of 105,737,400,000 versus a total put value of 21,000,000 Combined total value = 105,758,400,000
Strike 3080 has a total call value of 120,066,600,000 versus a total put value of 14,400,000 Combined total value = 120,081,000,000
Strike 3100 has a total call value of 134,697,000,000 versus a total put value of 12,000,000 Combined total value = 134,709,000,000
Strike 3120 has a total call value of 149,608,800,000 versus a total put value of 9,600,000 Combined total value = 149,618,400,000
Strike 3140 has a total call value of 164,933,400,000 versus a total put value of 7,200,000 Combined total value = 164,940,600,000
Strike 3160 has a total call value of 180,279,600,000 versus a total put value of 4,800,000 Combined total value = 180,284,400,000
Strike 3180 has a total call value of 195,736,800,000 versus a total put value of 2,400,000 Combined total value = 195,739,200,000
Strike 3200 has a total call value of 211,194,000,000 versus a total put value of 0 Combined total value = 211,194,000,000
Strike 3220 has a total call value of 227,191,800,000 versus a total put value of 0 Combined total value = 227,191,800,000
Strike 3240 has a total call value of 243,189,600,000 versus a total put value of 0 Combined total value = 243,189,600,000
Strike 3260 has a total call value of 259,187,400,000 versus a total put value of 0 Combined total value = 259,187,400,000
Strike 3280 has a total call value of 275,185,200,000 versus a total put value of 0 Combined total value = 275,185,200,000
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.