IGL
INDRAPRASTHA GAS LTD
Max pain for IGL
29 Nov 2023 04:16 PM IST
Max Pain for IGL is 400
Strike 340 has a total call value of 0 versus a total put value of 16,284,812,500 Combined total value = 16,284,812,500
Strike 345 has a total call value of 0 versus a total put value of 14,803,250,000 Combined total value = 14,803,250,000
Strike 350 has a total call value of 0 versus a total put value of 13,338,187,500 Combined total value = 13,338,187,500
Strike 355 has a total call value of 0 versus a total put value of 11,991,375,000 Combined total value = 11,991,375,000
Strike 360 has a total call value of 0 versus a total put value of 10,644,562,500 Combined total value = 10,644,562,500
Strike 365 has a total call value of 0 versus a total put value of 9,378,187,500 Combined total value = 9,378,187,500
Strike 370 has a total call value of 0 versus a total put value of 8,234,875,000 Combined total value = 8,234,875,000
Strike 375 has a total call value of 21,312,500 versus a total put value of 7,190,562,500 Combined total value = 7,211,875,000
Strike 380 has a total call value of 52,250,000 versus a total put value of 6,173,750,000 Combined total value = 6,226,000,000
Strike 385 has a total call value of 123,062,500 versus a total put value of 5,310,937,500 Combined total value = 5,434,000,000
Strike 390 has a total call value of 219,312,500 versus a total put value of 4,504,500,000 Combined total value = 4,723,812,500
Strike 395 has a total call value of 495,000,000 versus a total put value of 3,851,375,000 Combined total value = 4,346,375,000
Strike 400 has a total call value of 966,625,000 versus a total put value of 3,214,062,500 Combined total value = 4,180,687,500
Strike 405 has a total call value of 2,025,375,000 versus a total put value of 2,813,250,000 Combined total value = 4,838,625,000
Strike 410 has a total call value of 3,232,625,000 versus a total put value of 2,427,562,500 Combined total value = 5,660,187,500
Strike 415 has a total call value of 4,730,687,500 versus a total put value of 2,066,625,000 Combined total value = 6,797,312,500
Strike 420 has a total call value of 6,293,375,000 versus a total put value of 1,722,875,000 Combined total value = 8,016,250,000
Strike 425 has a total call value of 8,186,062,500 versus a total put value of 1,451,312,500 Combined total value = 9,637,375,000
Strike 430 has a total call value of 10,129,625,000 versus a total put value of 1,190,750,000 Combined total value = 11,320,375,000
Strike 435 has a total call value of 12,199,687,500 versus a total put value of 971,437,500 Combined total value = 13,171,125,000
Strike 440 has a total call value of 14,294,500,000 versus a total put value of 752,125,000 Combined total value = 15,046,625,000
Strike 445 has a total call value of 16,515,812,500 versus a total put value of 564,437,500 Combined total value = 17,080,250,000
Strike 450 has a total call value of 18,748,812,500 versus a total put value of 376,750,000 Combined total value = 19,125,562,500
Strike 455 has a total call value of 21,255,437,500 versus a total put value of 252,312,500 Combined total value = 21,507,750,000
Strike 460 has a total call value of 23,762,062,500 versus a total put value of 127,875,000 Combined total value = 23,889,937,500
Strike 465 has a total call value of 26,584,937,500 versus a total put value of 82,500,000 Combined total value = 26,667,437,500
Strike 470 has a total call value of 29,407,812,500 versus a total put value of 37,125,000 Combined total value = 29,444,937,500
Strike 475 has a total call value of 32,399,812,500 versus a total put value of 21,312,500 Combined total value = 32,421,125,000
Strike 480 has a total call value of 35,391,812,500 versus a total put value of 5,500,000 Combined total value = 35,397,312,500
Strike 485 has a total call value of 38,516,500,000 versus a total put value of 2,750,000 Combined total value = 38,519,250,000
Strike 490 has a total call value of 41,641,187,500 versus a total put value of 0 Combined total value = 41,641,187,500
Strike 495 has a total call value of 44,765,875,000 versus a total put value of 0 Combined total value = 44,765,875,000
Strike 500 has a total call value of 47,890,562,500 versus a total put value of 0 Combined total value = 47,890,562,500
Strike 505 has a total call value of 51,179,562,500 versus a total put value of 0 Combined total value = 51,179,562,500
Strike 510 has a total call value of 54,468,562,500 versus a total put value of 0 Combined total value = 54,468,562,500
Strike 515 has a total call value of 57,757,562,500 versus a total put value of 0 Combined total value = 57,757,562,500
Strike 520 has a total call value of 61,046,562,500 versus a total put value of 0 Combined total value = 61,046,562,500
Strike 525 has a total call value of 64,335,562,500 versus a total put value of 0 Combined total value = 64,335,562,500
Strike 530 has a total call value of 67,624,562,500 versus a total put value of 0 Combined total value = 67,624,562,500
Strike 535 has a total call value of 70,913,562,500 versus a total put value of 0 Combined total value = 70,913,562,500
Strike 540 has a total call value of 74,202,562,500 versus a total put value of 0 Combined total value = 74,202,562,500
Strike 545 has a total call value of 77,491,562,500 versus a total put value of 0 Combined total value = 77,491,562,500
Strike 550 has a total call value of 80,780,562,500 versus a total put value of 0 Combined total value = 80,780,562,500
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.