IDFCFIRSTB
IDFC FIRST BANK LIMITED
Max pain for IDFCFIRSTB
02 Jul 2024 10:51 AM IST
Max Pain for IDFCFIRSTB is 82
Strike 70 has a total call value of 0 versus a total put value of 78,306,750,000 Combined total value = 78,306,750,000
Strike 71 has a total call value of 11,250,000 versus a total put value of 70,772,250,000 Combined total value = 70,783,500,000
Strike 72 has a total call value of 22,500,000 versus a total put value of 63,237,750,000 Combined total value = 63,260,250,000
Strike 73 has a total call value of 33,750,000 versus a total put value of 55,820,250,000 Combined total value = 55,854,000,000
Strike 74 has a total call value of 45,000,000 versus a total put value of 48,511,500,000 Combined total value = 48,556,500,000
Strike 75 has a total call value of 58,500,000 versus a total put value of 41,274,750,000 Combined total value = 41,333,250,000
Strike 76 has a total call value of 265,500,000 versus a total put value of 35,236,500,000 Combined total value = 35,502,000,000
Strike 77 has a total call value of 478,500,000 versus a total put value of 29,374,500,000 Combined total value = 29,853,000,000
Strike 78 has a total call value of 719,250,000 versus a total put value of 23,961,750,000 Combined total value = 24,681,000,000
Strike 79 has a total call value of 1,302,000,000 versus a total put value of 19,195,500,000 Combined total value = 20,497,500,000
Strike 80 has a total call value of 1,933,500,000 versus a total put value of 14,786,250,000 Combined total value = 16,719,750,000
Strike 81 has a total call value of 4,286,250,000 versus a total put value of 11,806,500,000 Combined total value = 16,092,750,000
Strike 82 has a total call value of 6,849,000,000 versus a total put value of 9,028,500,000 Combined total value = 15,877,500,000
Strike 83 has a total call value of 10,080,750,000 versus a total put value of 6,684,750,000 Combined total value = 16,765,500,000
Strike 84 has a total call value of 14,187,750,000 versus a total put value of 4,916,250,000 Combined total value = 19,104,000,000
Strike 85 has a total call value of 18,826,500,000 versus a total put value of 3,324,750,000 Combined total value = 22,151,250,000
Strike 86 has a total call value of 26,841,750,000 versus a total put value of 2,607,750,000 Combined total value = 29,449,500,000
Strike 87 has a total call value of 35,215,500,000 versus a total put value of 1,944,000,000 Combined total value = 37,159,500,000
Strike 88 has a total call value of 43,920,750,000 versus a total put value of 1,305,000,000 Combined total value = 45,225,750,000
Strike 89 has a total call value of 52,881,000,000 versus a total put value of 694,500,000 Combined total value = 53,575,500,000
Strike 90 has a total call value of 62,005,500,000 versus a total put value of 96,750,000 Combined total value = 62,102,250,000
Strike 91 has a total call value of 74,609,250,000 versus a total put value of 45,000,000 Combined total value = 74,654,250,000
Strike 92 has a total call value of 87,368,250,000 versus a total put value of 0 Combined total value = 87,368,250,000
Strike 93 has a total call value of 100,575,750,000 versus a total put value of 0 Combined total value = 100,575,750,000
Strike 94 has a total call value of 113,783,250,000 versus a total put value of 0 Combined total value = 113,783,250,000
Strike 95 has a total call value of 128,677,500,000 versus a total put value of 0 Combined total value = 128,677,500,000
Strike 96 has a total call value of 143,571,750,000 versus a total put value of 0 Combined total value = 143,571,750,000
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.