IDFC
IDFC LIMITED
Max pain for IDFC
02 Jul 2024 11:20 AM IST
Max Pain for IDFC is 122
Strike 105 has a total call value of 0 versus a total put value of 11,931,500,000 Combined total value = 11,931,500,000
Strike 106 has a total call value of 0 versus a total put value of 10,989,000,000 Combined total value = 10,989,000,000
Strike 107 has a total call value of 0 versus a total put value of 10,046,500,000 Combined total value = 10,046,500,000
Strike 108 has a total call value of 0 versus a total put value of 9,104,000,000 Combined total value = 9,104,000,000
Strike 109 has a total call value of 0 versus a total put value of 8,161,500,000 Combined total value = 8,161,500,000
Strike 110 has a total call value of 0 versus a total put value of 7,233,000,000 Combined total value = 7,233,000,000
Strike 111 has a total call value of 0 versus a total put value of 6,501,000,000 Combined total value = 6,501,000,000
Strike 112 has a total call value of 500,000 versus a total put value of 5,769,000,000 Combined total value = 5,769,500,000
Strike 113 has a total call value of 1,000,000 versus a total put value of 5,037,000,000 Combined total value = 5,038,000,000
Strike 114 has a total call value of 1,500,000 versus a total put value of 4,323,000,000 Combined total value = 4,324,500,000
Strike 115 has a total call value of 2,000,000 versus a total put value of 3,616,000,000 Combined total value = 3,618,000,000
Strike 116 has a total call value of 9,500,000 versus a total put value of 3,115,500,000 Combined total value = 3,125,000,000
Strike 117 has a total call value of 17,000,000 versus a total put value of 2,616,000,000 Combined total value = 2,633,000,000
Strike 118 has a total call value of 24,500,000 versus a total put value of 2,124,000,000 Combined total value = 2,148,500,000
Strike 119 has a total call value of 35,500,000 versus a total put value of 1,652,000,000 Combined total value = 1,687,500,000
Strike 120 has a total call value of 47,000,000 versus a total put value of 1,191,000,000 Combined total value = 1,238,000,000
Strike 121 has a total call value of 168,500,000 versus a total put value of 968,000,000 Combined total value = 1,136,500,000
Strike 122 has a total call value of 292,000,000 versus a total put value of 751,500,000 Combined total value = 1,043,500,000
Strike 123 has a total call value of 485,000,000 versus a total put value of 562,000,000 Combined total value = 1,047,000,000
Strike 124 has a total call value of 744,500,000 versus a total put value of 412,500,000 Combined total value = 1,157,000,000
Strike 125 has a total call value of 1,055,500,000 versus a total put value of 290,000,000 Combined total value = 1,345,500,000
Strike 126 has a total call value of 1,864,500,000 versus a total put value of 265,000,000 Combined total value = 2,129,500,000
Strike 127 has a total call value of 2,708,000,000 versus a total put value of 240,000,000 Combined total value = 2,948,000,000
Strike 128 has a total call value of 3,569,500,000 versus a total put value of 215,000,000 Combined total value = 3,784,500,000
Strike 129 has a total call value of 4,447,000,000 versus a total put value of 190,000,000 Combined total value = 4,637,000,000
Strike 130 has a total call value of 5,324,500,000 versus a total put value of 165,000,000 Combined total value = 5,489,500,000
Strike 131 has a total call value of 6,517,000,000 versus a total put value of 148,500,000 Combined total value = 6,665,500,000
Strike 132 has a total call value of 7,709,500,000 versus a total put value of 132,000,000 Combined total value = 7,841,500,000
Strike 133 has a total call value of 8,927,500,000 versus a total put value of 115,500,000 Combined total value = 9,043,000,000
Strike 134 has a total call value of 10,145,500,000 versus a total put value of 99,000,000 Combined total value = 10,244,500,000
Strike 135 has a total call value of 11,363,500,000 versus a total put value of 82,500,000 Combined total value = 11,446,000,000
Strike 136 has a total call value of 12,739,000,000 versus a total put value of 66,000,000 Combined total value = 12,805,000,000
Strike 137 has a total call value of 14,114,500,000 versus a total put value of 49,500,000 Combined total value = 14,164,000,000
Strike 138 has a total call value of 15,490,000,000 versus a total put value of 33,000,000 Combined total value = 15,523,000,000
Strike 139 has a total call value of 16,865,500,000 versus a total put value of 16,500,000 Combined total value = 16,882,000,000
Strike 140 has a total call value of 18,241,000,000 versus a total put value of 0 Combined total value = 18,241,000,000
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.