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IGL
INDRAPRASTHA GAS LTD

482.6 -4.45 (-0.91%)

Max pain for IGL

14 Jun 2024 04:06 PM IST

Max Pain for IGL is 475  



Strike  370  has a total call value of 0  versus a total put value of  48,611,750,000 Combined total value = 48,611,750,000

Strike  375  has a total call value of 0  versus a total put value of  45,597,062,500 Combined total value = 45,597,062,500

Strike  380  has a total call value of 0  versus a total put value of  42,582,375,000 Combined total value = 42,582,375,000

Strike  385  has a total call value of 0  versus a total put value of  39,695,562,500 Combined total value = 39,695,562,500

Strike  390  has a total call value of 0  versus a total put value of  36,808,750,000 Combined total value = 36,808,750,000

Strike  395  has a total call value of 0  versus a total put value of  33,985,875,000 Combined total value = 33,985,875,000

Strike  400  has a total call value of 0  versus a total put value of  31,163,000,000 Combined total value = 31,163,000,000

Strike  405  has a total call value of 0  versus a total put value of  28,517,500,000 Combined total value = 28,517,500,000

Strike  410  has a total call value of 0  versus a total put value of  25,872,000,000 Combined total value = 25,872,000,000

Strike  415  has a total call value of 0  versus a total put value of  23,266,375,000 Combined total value = 23,266,375,000

Strike  420  has a total call value of 0  versus a total put value of  20,660,750,000 Combined total value = 20,660,750,000

Strike  425  has a total call value of 0  versus a total put value of  18,268,937,500 Combined total value = 18,268,937,500

Strike  430  has a total call value of 0  versus a total put value of  15,899,812,500 Combined total value = 15,899,812,500

Strike  435  has a total call value of 0  versus a total put value of  13,698,437,500 Combined total value = 13,698,437,500

Strike  440  has a total call value of 0  versus a total put value of  11,578,187,500 Combined total value = 11,578,187,500

Strike  445  has a total call value of 126,500,000  versus a total put value of  9,730,875,000 Combined total value = 9,857,375,000

Strike  450  has a total call value of 253,000,000  versus a total put value of  7,935,812,500 Combined total value = 8,188,812,500

Strike  455  has a total call value of 497,062,500  versus a total put value of  6,388,250,000 Combined total value = 6,885,312,500

Strike  460  has a total call value of 770,000,000  versus a total put value of  4,937,625,000 Combined total value = 5,707,625,000

Strike  465  has a total call value of 1,183,875,000  versus a total put value of  3,696,000,000 Combined total value = 4,879,875,000

Strike  470  has a total call value of 1,648,625,000  versus a total put value of  2,536,187,500 Combined total value = 4,184,812,500

Strike  475  has a total call value of 2,405,562,500  versus a total put value of  1,636,250,000 Combined total value = 4,041,812,500

Strike  480  has a total call value of 3,257,375,000  versus a total put value of  927,437,500 Combined total value = 4,184,812,500

Strike  485  has a total call value of 4,709,375,000  versus a total put value of  559,625,000 Combined total value = 5,269,000,000

Strike  490  has a total call value of 6,425,375,000  versus a total put value of  339,625,000 Combined total value = 6,765,000,000

Strike  495  has a total call value of 8,625,375,000  versus a total put value of  194,562,500 Combined total value = 8,819,937,500

Strike  500  has a total call value of 10,927,812,500  versus a total put value of  86,625,000 Combined total value = 11,014,437,500

Strike  505  has a total call value of 14,793,625,000  versus a total put value of  64,625,000 Combined total value = 14,858,250,000

Strike  510  has a total call value of 18,778,375,000  versus a total put value of  49,500,000 Combined total value = 18,827,875,000

Strike  515  has a total call value of 23,344,750,000  versus a total put value of  37,125,000 Combined total value = 23,381,875,000

Strike  520  has a total call value of 27,982,625,000  versus a total put value of  24,750,000 Combined total value = 28,007,375,000

Strike  525  has a total call value of 33,240,625,000  versus a total put value of  12,375,000 Combined total value = 33,253,000,000

Strike  530  has a total call value of 38,548,125,000  versus a total put value of  0 Combined total value = 38,548,125,000

Strike  535  has a total call value of 44,406,312,500  versus a total put value of  0 Combined total value = 44,406,312,500

Strike  540  has a total call value of 50,264,500,000  versus a total put value of  0 Combined total value = 50,264,500,000

Strike  545  has a total call value of 56,214,812,500  versus a total put value of  0 Combined total value = 56,214,812,500

Strike  550  has a total call value of 62,165,125,000  versus a total put value of  0 Combined total value = 62,165,125,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.