HINDUNILVR
Hindustan Unilever Ltd.
Max pain for HINDUNILVR
18 Oct 2024 10:24 AM IST
Max Pain for HINDUNILVR is 2800
Strike 2400 has a total call value of 0 versus a total put value of 106,908,600,000 Combined total value = 106,908,600,000
Strike 2420 has a total call value of 0 versus a total put value of 100,606,200,000 Combined total value = 100,606,200,000
Strike 2440 has a total call value of 0 versus a total put value of 94,303,800,000 Combined total value = 94,303,800,000
Strike 2460 has a total call value of 0 versus a total put value of 88,001,400,000 Combined total value = 88,001,400,000
Strike 2480 has a total call value of 0 versus a total put value of 81,699,000,000 Combined total value = 81,699,000,000
Strike 2500 has a total call value of 0 versus a total put value of 75,396,600,000 Combined total value = 75,396,600,000
Strike 2520 has a total call value of 0 versus a total put value of 69,094,200,000 Combined total value = 69,094,200,000
Strike 2540 has a total call value of 23,400,000 versus a total put value of 63,274,200,000 Combined total value = 63,297,600,000
Strike 2560 has a total call value of 46,800,000 versus a total put value of 57,460,200,000 Combined total value = 57,507,000,000
Strike 2580 has a total call value of 70,200,000 versus a total put value of 51,898,200,000 Combined total value = 51,968,400,000
Strike 2600 has a total call value of 93,600,000 versus a total put value of 46,396,800,000 Combined total value = 46,490,400,000
Strike 2620 has a total call value of 156,000,000 versus a total put value of 41,357,400,000 Combined total value = 41,513,400,000
Strike 2640 has a total call value of 218,400,000 versus a total put value of 36,416,400,000 Combined total value = 36,634,800,000
Strike 2660 has a total call value of 289,200,000 versus a total put value of 31,645,800,000 Combined total value = 31,935,000,000
Strike 2680 has a total call value of 367,800,000 versus a total put value of 27,067,800,000 Combined total value = 27,435,600,000
Strike 2700 has a total call value of 468,600,000 versus a total put value of 22,638,600,000 Combined total value = 23,107,200,000
Strike 2720 has a total call value of 824,400,000 versus a total put value of 19,434,600,000 Combined total value = 20,259,000,000
Strike 2740 has a total call value of 1,282,800,000 versus a total put value of 16,434,000,000 Combined total value = 17,716,800,000
Strike 2760 has a total call value of 1,920,000,000 versus a total put value of 13,633,200,000 Combined total value = 15,553,200,000
Strike 2780 has a total call value of 2,811,000,000 versus a total put value of 11,043,600,000 Combined total value = 13,854,600,000
Strike 2800 has a total call value of 4,065,600,000 versus a total put value of 9,050,400,000 Combined total value = 13,116,000,000
Strike 2820 has a total call value of 6,861,600,000 versus a total put value of 7,594,800,000 Combined total value = 14,456,400,000
Strike 2840 has a total call value of 10,521,600,000 versus a total put value of 6,254,400,000 Combined total value = 16,776,000,000
Strike 2860 has a total call value of 14,715,600,000 versus a total put value of 5,032,800,000 Combined total value = 19,748,400,000
Strike 2880 has a total call value of 19,382,400,000 versus a total put value of 4,004,400,000 Combined total value = 23,386,800,000
Strike 2900 has a total call value of 24,341,400,000 versus a total put value of 2,976,000,000 Combined total value = 27,317,400,000
Strike 2920 has a total call value of 30,585,600,000 versus a total put value of 2,349,000,000 Combined total value = 32,934,600,000
Strike 2940 has a total call value of 37,126,800,000 versus a total put value of 1,806,600,000 Combined total value = 38,933,400,000
Strike 2960 has a total call value of 44,020,200,000 versus a total put value of 1,346,400,000 Combined total value = 45,366,600,000
Strike 2980 has a total call value of 51,532,800,000 versus a total put value of 886,200,000 Combined total value = 52,419,000,000
Strike 3000 has a total call value of 59,489,400,000 versus a total put value of 426,000,000 Combined total value = 59,915,400,000
Strike 3020 has a total call value of 69,792,600,000 versus a total put value of 340,800,000 Combined total value = 70,133,400,000
Strike 3040 has a total call value of 80,400,000,000 versus a total put value of 255,600,000 Combined total value = 80,655,600,000
Strike 3060 has a total call value of 91,272,000,000 versus a total put value of 170,400,000 Combined total value = 91,442,400,000
Strike 3080 has a total call value of 102,611,400,000 versus a total put value of 85,200,000 Combined total value = 102,696,600,000
Strike 3100 has a total call value of 114,297,000,000 versus a total put value of 0 Combined total value = 114,297,000,000
Strike 3120 has a total call value of 126,733,200,000 versus a total put value of 0 Combined total value = 126,733,200,000
Strike 3140 has a total call value of 139,169,400,000 versus a total put value of 0 Combined total value = 139,169,400,000
Strike 3160 has a total call value of 151,656,000,000 versus a total put value of 0 Combined total value = 151,656,000,000
Strike 3180 has a total call value of 164,142,600,000 versus a total put value of 0 Combined total value = 164,142,600,000
Strike 3200 has a total call value of 176,668,200,000 versus a total put value of 0 Combined total value = 176,668,200,000
Strike 3220 has a total call value of 189,594,600,000 versus a total put value of 0 Combined total value = 189,594,600,000
Strike 3240 has a total call value of 202,612,200,000 versus a total put value of 0 Combined total value = 202,612,200,000
Strike 3260 has a total call value of 215,629,800,000 versus a total put value of 0 Combined total value = 215,629,800,000
Strike 3280 has a total call value of 228,647,400,000 versus a total put value of 0 Combined total value = 228,647,400,000
Strike 3300 has a total call value of 241,812,000,000 versus a total put value of 0 Combined total value = 241,812,000,000
Strike 3320 has a total call value of 254,976,600,000 versus a total put value of 0 Combined total value = 254,976,600,000
Strike 3340 has a total call value of 268,327,800,000 versus a total put value of 0 Combined total value = 268,327,800,000
Strike 3360 has a total call value of 281,679,000,000 versus a total put value of 0 Combined total value = 281,679,000,000
Strike 3380 has a total call value of 295,030,200,000 versus a total put value of 0 Combined total value = 295,030,200,000
Strike 3400 has a total call value of 308,381,400,000 versus a total put value of 0 Combined total value = 308,381,400,000
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.
