IDFCFIRSTB
Idfc First Bank Limited
Max pain for IDFCFIRSTB
06 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 134,151,750,000 Combined total value = 134,151,750,000
Strike 61 has a total call value of 0 versus a total put value of 124,861,500,000 Combined total value = 124,861,500,000
Strike 62 has a total call value of 0 versus a total put value of 115,571,250,000 Combined total value = 115,571,250,000
Strike 63 has a total call value of 0 versus a total put value of 106,287,750,000 Combined total value = 106,287,750,000
Strike 64 has a total call value of 0 versus a total put value of 97,004,250,000 Combined total value = 97,004,250,000
Strike 65 has a total call value of 0 versus a total put value of 87,750,750,000 Combined total value = 87,750,750,000
Strike 66 has a total call value of 3,000,000 versus a total put value of 78,734,250,000 Combined total value = 78,737,250,000
Strike 67 has a total call value of 6,000,000 versus a total put value of 69,747,000,000 Combined total value = 69,753,000,000
Strike 68 has a total call value of 18,000,000 versus a total put value of 60,854,250,000 Combined total value = 60,872,250,000
Strike 69 has a total call value of 61,500,000 versus a total put value of 52,385,250,000 Combined total value = 52,446,750,000
Strike 70 has a total call value of 126,000,000 versus a total put value of 44,089,500,000 Combined total value = 44,215,500,000
Strike 71 has a total call value of 626,250,000 versus a total put value of 37,230,750,000 Combined total value = 37,857,000,000
Strike 72 has a total call value of 1,185,000,000 versus a total put value of 30,590,250,000 Combined total value = 31,775,250,000
Strike 73 has a total call value of 2,040,000,000 versus a total put value of 24,472,500,000 Combined total value = 26,512,500,000
Strike 74 has a total call value of 3,243,000,000 versus a total put value of 19,358,250,000 Combined total value = 22,601,250,000
Strike 75 has a total call value of 5,143,500,000 versus a total put value of 14,961,750,000 Combined total value = 20,105,250,000
Strike 76 has a total call value of 10,282,500,000 versus a total put value of 12,176,250,000 Combined total value = 22,458,750,000
Strike 77 has a total call value of 16,192,500,000 versus a total put value of 9,590,250,000 Combined total value = 25,782,750,000
Strike 78 has a total call value of 22,924,500,000 versus a total put value of 7,457,250,000 Combined total value = 30,381,750,000
Strike 79 has a total call value of 30,523,500,000 versus a total put value of 5,853,750,000 Combined total value = 36,377,250,000
Strike 80 has a total call value of 38,488,500,000 versus a total put value of 4,317,750,000 Combined total value = 42,806,250,000
Strike 81 has a total call value of 50,586,000,000 versus a total put value of 3,734,250,000 Combined total value = 54,320,250,000
Strike 82 has a total call value of 62,894,250,000 versus a total put value of 3,198,000,000 Combined total value = 66,092,250,000
Strike 83 has a total call value of 75,702,000,000 versus a total put value of 2,715,000,000 Combined total value = 78,417,000,000
Strike 84 has a total call value of 88,770,000,000 versus a total put value of 2,232,000,000 Combined total value = 91,002,000,000
Strike 85 has a total call value of 102,154,500,000 versus a total put value of 1,860,000,000 Combined total value = 104,014,500,000
Strike 86 has a total call value of 115,539,000,000 versus a total put value of 1,488,000,000 Combined total value = 117,027,000,000
Strike 87 has a total call value of 129,141,750,000 versus a total put value of 1,116,000,000 Combined total value = 130,257,750,000
Strike 88 has a total call value of 142,744,500,000 versus a total put value of 744,000,000 Combined total value = 143,488,500,000
Strike 89 has a total call value of 156,399,000,000 versus a total put value of 372,000,000 Combined total value = 156,771,000,000
Strike 90 has a total call value of 170,053,500,000 versus a total put value of 0 Combined total value = 170,053,500,000
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.