IDFCFIRSTB
Idfc First Bank Limited
Max pain for IDFCFIRSTB
16 Sep 2024 04:11 PM IST
Max Pain for IDFCFIRSTB is 75
Strike 60 has a total call value of 0 versus a total put value of 146,512,500,000 Combined total value = 146,512,500,000
Strike 61 has a total call value of 0 versus a total put value of 136,070,250,000 Combined total value = 136,070,250,000
Strike 62 has a total call value of 0 versus a total put value of 125,628,000,000 Combined total value = 125,628,000,000
Strike 63 has a total call value of 0 versus a total put value of 115,185,750,000 Combined total value = 115,185,750,000
Strike 64 has a total call value of 0 versus a total put value of 104,743,500,000 Combined total value = 104,743,500,000
Strike 65 has a total call value of 0 versus a total put value of 94,301,250,000 Combined total value = 94,301,250,000
Strike 66 has a total call value of 0 versus a total put value of 84,170,250,000 Combined total value = 84,170,250,000
Strike 67 has a total call value of 0 versus a total put value of 74,148,750,000 Combined total value = 74,148,750,000
Strike 68 has a total call value of 0 versus a total put value of 64,263,750,000 Combined total value = 64,263,750,000
Strike 69 has a total call value of 0 versus a total put value of 54,813,750,000 Combined total value = 54,813,750,000
Strike 70 has a total call value of 20,250,000 versus a total put value of 45,585,750,000 Combined total value = 45,606,000,000
Strike 71 has a total call value of 567,750,000 versus a total put value of 37,702,500,000 Combined total value = 38,270,250,000
Strike 72 has a total call value of 1,240,500,000 versus a total put value of 30,189,000,000 Combined total value = 31,429,500,000
Strike 73 has a total call value of 2,418,000,000 versus a total put value of 23,352,000,000 Combined total value = 25,770,000,000
Strike 74 has a total call value of 4,302,000,000 versus a total put value of 18,226,500,000 Combined total value = 22,528,500,000
Strike 75 has a total call value of 7,527,750,000 versus a total put value of 13,862,250,000 Combined total value = 21,390,000,000
Strike 76 has a total call value of 14,979,000,000 versus a total put value of 11,244,750,000 Combined total value = 26,223,750,000
Strike 77 has a total call value of 23,264,250,000 versus a total put value of 8,826,750,000 Combined total value = 32,091,000,000
Strike 78 has a total call value of 32,390,250,000 versus a total put value of 6,875,250,000 Combined total value = 39,265,500,000
Strike 79 has a total call value of 42,702,750,000 versus a total put value of 5,449,500,000 Combined total value = 48,152,250,000
Strike 80 has a total call value of 53,330,250,000 versus a total put value of 4,096,500,000 Combined total value = 57,426,750,000
Strike 81 has a total call value of 67,119,750,000 versus a total put value of 3,627,000,000 Combined total value = 70,746,750,000
Strike 82 has a total call value of 81,090,750,000 versus a total put value of 3,157,500,000 Combined total value = 84,248,250,000
Strike 83 has a total call value of 95,508,750,000 versus a total put value of 2,688,000,000 Combined total value = 98,196,750,000
Strike 84 has a total call value of 110,174,250,000 versus a total put value of 2,218,500,000 Combined total value = 112,392,750,000
Strike 85 has a total call value of 125,169,750,000 versus a total put value of 1,848,750,000 Combined total value = 127,018,500,000
Strike 86 has a total call value of 140,165,250,000 versus a total put value of 1,479,000,000 Combined total value = 141,644,250,000
Strike 87 has a total call value of 155,346,750,000 versus a total put value of 1,109,250,000 Combined total value = 156,456,000,000
Strike 88 has a total call value of 170,528,250,000 versus a total put value of 739,500,000 Combined total value = 171,267,750,000
Strike 89 has a total call value of 185,750,250,000 versus a total put value of 369,750,000 Combined total value = 186,120,000,000
Strike 90 has a total call value of 200,972,250,000 versus a total put value of 0 Combined total value = 200,972,250,000
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.