IDFCFIRSTB
IDFC FIRST BANK LIMITED
Max pain for IDFCFIRSTB
29 Nov 2023 04:16 PM IST
Max Pain for IDFCFIRSTB is 85
Strike 75 has a total call value of 0 versus a total put value of 35,910,000,000 Combined total value = 35,910,000,000
Strike 76 has a total call value of 12,000,000 versus a total put value of 32,049,750,000 Combined total value = 32,061,750,000
Strike 77 has a total call value of 24,000,000 versus a total put value of 28,189,500,000 Combined total value = 28,213,500,000
Strike 78 has a total call value of 36,000,000 versus a total put value of 24,438,750,000 Combined total value = 24,474,750,000
Strike 79 has a total call value of 48,000,000 versus a total put value of 20,808,000,000 Combined total value = 20,856,000,000
Strike 80 has a total call value of 60,000,000 versus a total put value of 17,274,000,000 Combined total value = 17,334,000,000
Strike 81 has a total call value of 156,750,000 versus a total put value of 14,266,500,000 Combined total value = 14,423,250,000
Strike 82 has a total call value of 288,750,000 versus a total put value of 11,398,500,000 Combined total value = 11,687,250,000
Strike 83 has a total call value of 498,750,000 versus a total put value of 8,958,750,000 Combined total value = 9,457,500,000
Strike 84 has a total call value of 975,750,000 versus a total put value of 6,861,000,000 Combined total value = 7,836,750,000
Strike 85 has a total call value of 1,905,000,000 versus a total put value of 5,361,750,000 Combined total value = 7,266,750,000
Strike 86 has a total call value of 3,967,500,000 versus a total put value of 4,329,750,000 Combined total value = 8,297,250,000
Strike 87 has a total call value of 6,474,000,000 versus a total put value of 3,420,000,000 Combined total value = 9,894,000,000
Strike 88 has a total call value of 9,645,750,000 versus a total put value of 2,622,000,000 Combined total value = 12,267,750,000
Strike 89 has a total call value of 13,295,250,000 versus a total put value of 1,922,250,000 Combined total value = 15,217,500,000
Strike 90 has a total call value of 17,180,250,000 versus a total put value of 1,272,000,000 Combined total value = 18,452,250,000
Strike 91 has a total call value of 23,340,750,000 versus a total put value of 960,000,000 Combined total value = 24,300,750,000
Strike 92 has a total call value of 29,667,750,000 versus a total put value of 727,500,000 Combined total value = 30,395,250,000
Strike 93 has a total call value of 36,387,750,000 versus a total put value of 549,750,000 Combined total value = 36,937,500,000
Strike 94 has a total call value of 43,365,750,000 versus a total put value of 402,750,000 Combined total value = 43,768,500,000
Strike 95 has a total call value of 50,442,750,000 versus a total put value of 263,250,000 Combined total value = 50,706,000,000
Strike 96 has a total call value of 58,699,500,000 versus a total put value of 216,750,000 Combined total value = 58,916,250,000
Strike 97 has a total call value of 67,059,750,000 versus a total put value of 170,250,000 Combined total value = 67,230,000,000
Strike 98 has a total call value of 75,495,000,000 versus a total put value of 126,000,000 Combined total value = 75,621,000,000
Strike 99 has a total call value of 84,014,250,000 versus a total put value of 81,750,000 Combined total value = 84,096,000,000
Strike 100 has a total call value of 92,533,500,000 versus a total put value of 37,500,000 Combined total value = 92,571,000,000
Strike 101 has a total call value of 102,066,000,000 versus a total put value of 30,000,000 Combined total value = 102,096,000,000
Strike 102 has a total call value of 111,598,500,000 versus a total put value of 22,500,000 Combined total value = 111,621,000,000
Strike 103 has a total call value of 121,131,000,000 versus a total put value of 15,000,000 Combined total value = 121,146,000,000
Strike 104 has a total call value of 130,663,500,000 versus a total put value of 7,500,000 Combined total value = 130,671,000,000
Strike 105 has a total call value of 140,196,000,000 versus a total put value of 0 Combined total value = 140,196,000,000
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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.