IEX
Indian Energy Exc Ltd
Max pain for IEX
16 Sep 2024 04:13 PM IST
Max Pain for IEX is 210
Strike 150 has a total call value of 0 versus a total put value of 146,400,937,500 Combined total value = 146,400,937,500
Strike 152.5 has a total call value of 0 versus a total put value of 139,351,875,000 Combined total value = 139,351,875,000
Strike 155 has a total call value of 0 versus a total put value of 132,302,812,500 Combined total value = 132,302,812,500
Strike 157.5 has a total call value of 0 versus a total put value of 125,253,750,000 Combined total value = 125,253,750,000
Strike 160 has a total call value of 0 versus a total put value of 118,204,687,500 Combined total value = 118,204,687,500
Strike 162.5 has a total call value of 0 versus a total put value of 111,388,125,000 Combined total value = 111,388,125,000
Strike 165 has a total call value of 0 versus a total put value of 104,571,562,500 Combined total value = 104,571,562,500
Strike 167.5 has a total call value of 0 versus a total put value of 97,755,000,000 Combined total value = 97,755,000,000
Strike 170 has a total call value of 0 versus a total put value of 90,938,437,500 Combined total value = 90,938,437,500
Strike 172.5 has a total call value of 0 versus a total put value of 84,304,687,500 Combined total value = 84,304,687,500
Strike 175 has a total call value of 0 versus a total put value of 77,670,937,500 Combined total value = 77,670,937,500
Strike 177.5 has a total call value of 0 versus a total put value of 71,157,187,500 Combined total value = 71,157,187,500
Strike 180 has a total call value of 0 versus a total put value of 64,643,437,500 Combined total value = 64,643,437,500
Strike 182.5 has a total call value of 36,562,500 versus a total put value of 58,399,687,500 Combined total value = 58,436,250,000
Strike 185 has a total call value of 73,125,000 versus a total put value of 52,155,937,500 Combined total value = 52,229,062,500
Strike 187.5 has a total call value of 109,687,500 versus a total put value of 46,098,750,000 Combined total value = 46,208,437,500
Strike 190 has a total call value of 146,250,000 versus a total put value of 40,074,375,000 Combined total value = 40,220,625,000
Strike 192.5 has a total call value of 287,812,500 versus a total put value of 34,765,312,500 Combined total value = 35,053,125,000
Strike 195 has a total call value of 429,375,000 versus a total put value of 29,456,250,000 Combined total value = 29,885,625,000
Strike 197.5 has a total call value of 694,687,500 versus a total put value of 24,494,062,500 Combined total value = 25,188,750,000
Strike 200 has a total call value of 960,000,000 versus a total put value of 19,615,312,500 Combined total value = 20,575,312,500
Strike 202.5 has a total call value of 1,732,500,000 versus a total put value of 15,990,937,500 Combined total value = 17,723,437,500
Strike 205 has a total call value of 2,576,250,000 versus a total put value of 12,500,625,000 Combined total value = 15,076,875,000
Strike 207.5 has a total call value of 3,971,250,000 versus a total put value of 9,454,687,500 Combined total value = 13,425,937,500
Strike 210 has a total call value of 5,452,500,000 versus a total put value of 6,603,750,000 Combined total value = 12,056,250,000
Strike 212.5 has a total call value of 7,763,437,500 versus a total put value of 4,706,250,000 Combined total value = 12,469,687,500
Strike 215 has a total call value of 10,174,687,500 versus a total put value of 2,955,937,500 Combined total value = 13,130,625,000
Strike 217.5 has a total call value of 13,127,812,500 versus a total put value of 1,792,500,000 Combined total value = 14,920,312,500
Strike 220 has a total call value of 16,245,937,500 versus a total put value of 781,875,000 Combined total value = 17,027,812,500
Strike 222.5 has a total call value of 21,208,125,000 versus a total put value of 461,250,000 Combined total value = 21,669,375,000
Strike 225 has a total call value of 26,399,062,500 versus a total put value of 176,250,000 Combined total value = 26,575,312,500
Strike 227.5 has a total call value of 32,415,937,500 versus a total put value of 91,875,000 Combined total value = 32,507,812,500
Strike 230 has a total call value of 38,715,000,000 versus a total put value of 23,437,500 Combined total value = 38,738,437,500
Strike 232.5 has a total call value of 46,290,000,000 versus a total put value of 14,062,500 Combined total value = 46,304,062,500
Strike 235 has a total call value of 54,230,625,000 versus a total put value of 9,375,000 Combined total value = 54,240,000,000
Strike 237.5 has a total call value of 62,666,250,000 versus a total put value of 4,687,500 Combined total value = 62,670,937,500
Strike 240 has a total call value of 71,103,750,000 versus a total put value of 0 Combined total value = 71,103,750,000
Strike 242.5 has a total call value of 79,742,812,500 versus a total put value of 0 Combined total value = 79,742,812,500
Strike 245 has a total call value of 88,381,875,000 versus a total put value of 0 Combined total value = 88,381,875,000
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.