IDFCFIRSTB
Idfc First Bank Limited
Max pain for IDFCFIRSTB
18 Oct 2024 10:41 AM IST
Max Pain for IDFCFIRSTB is 74
Strike 62 has a total call value of 0 versus a total put value of 68,667,750,000 Combined total value = 68,667,750,000
Strike 63 has a total call value of 0 versus a total put value of 61,482,000,000 Combined total value = 61,482,000,000
Strike 64 has a total call value of 0 versus a total put value of 54,296,250,000 Combined total value = 54,296,250,000
Strike 65 has a total call value of 0 versus a total put value of 47,110,500,000 Combined total value = 47,110,500,000
Strike 66 has a total call value of 90,750,000 versus a total put value of 40,732,500,000 Combined total value = 40,823,250,000
Strike 67 has a total call value of 188,250,000 versus a total put value of 34,354,500,000 Combined total value = 34,542,750,000
Strike 68 has a total call value of 285,750,000 versus a total put value of 27,976,500,000 Combined total value = 28,262,250,000
Strike 69 has a total call value of 383,250,000 versus a total put value of 22,056,000,000 Combined total value = 22,439,250,000
Strike 70 has a total call value of 480,750,000 versus a total put value of 16,410,750,000 Combined total value = 16,891,500,000
Strike 71 has a total call value of 578,250,000 versus a total put value of 12,342,000,000 Combined total value = 12,920,250,000
Strike 72 has a total call value of 675,750,000 versus a total put value of 8,273,250,000 Combined total value = 8,949,000,000
Strike 73 has a total call value of 1,591,500,000 versus a total put value of 5,270,250,000 Combined total value = 6,861,750,000
Strike 74 has a total call value of 3,456,000,000 versus a total put value of 3,093,750,000 Combined total value = 6,549,750,000
Strike 75 has a total call value of 6,264,750,000 versus a total put value of 1,507,500,000 Combined total value = 7,772,250,000
Strike 76 has a total call value of 12,671,250,000 versus a total put value of 1,353,000,000 Combined total value = 14,024,250,000
Strike 77 has a total call value of 19,682,250,000 versus a total put value of 1,198,500,000 Combined total value = 20,880,750,000
Strike 78 has a total call value of 27,457,500,000 versus a total put value of 1,044,000,000 Combined total value = 28,501,500,000
Strike 79 has a total call value of 36,051,750,000 versus a total put value of 889,500,000 Combined total value = 36,941,250,000
Strike 80 has a total call value of 45,033,000,000 versus a total put value of 735,000,000 Combined total value = 45,768,000,000
Strike 81 has a total call value of 57,285,750,000 versus a total put value of 580,500,000 Combined total value = 57,866,250,000
Strike 82 has a total call value of 69,538,500,000 versus a total put value of 438,000,000 Combined total value = 69,976,500,000
Strike 83 has a total call value of 82,097,250,000 versus a total put value of 317,250,000 Combined total value = 82,414,500,000
Strike 84 has a total call value of 95,150,250,000 versus a total put value of 211,500,000 Combined total value = 95,361,750,000
Strike 85 has a total call value of 108,613,500,000 versus a total put value of 105,750,000 Combined total value = 108,719,250,000
Strike 86 has a total call value of 122,076,750,000 versus a total put value of 0 Combined total value = 122,076,750,000
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.
