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IGL
INDRAPRASTHA GAS LTD

437.8 -3.50 (-0.79%)


Strike  380  has a total call value of 0  versus a total put value of  13,598,062,500 Combined total value = 13,598,062,500

Strike  385  has a total call value of 0  versus a total put value of  11,708,125,000 Combined total value = 11,708,125,000

Strike  390  has a total call value of 0  versus a total put value of  9,828,500,000 Combined total value = 9,828,500,000

Strike  395  has a total call value of 0  versus a total put value of  8,377,187,500 Combined total value = 8,377,187,500

Strike  400  has a total call value of 0  versus a total put value of  6,950,625,000 Combined total value = 6,950,625,000

Strike  405  has a total call value of 34,375,000  versus a total put value of  5,830,687,500 Combined total value = 5,865,062,500

Strike  410  has a total call value of 72,187,500  versus a total put value of  4,748,562,500 Combined total value = 4,820,750,000

Strike  415  has a total call value of 145,062,500  versus a total put value of  3,834,187,500 Combined total value = 3,979,250,000

Strike  420  has a total call value of 230,312,500  versus a total put value of  2,992,000,000 Combined total value = 3,222,312,500

Strike  425  has a total call value of 398,750,000  versus a total put value of  2,314,125,000 Combined total value = 2,712,875,000

Strike  430  has a total call value of 598,125,000  versus a total put value of  1,656,187,500 Combined total value = 2,254,312,500

Strike  435  has a total call value of 914,375,000  versus a total put value of  1,103,437,500 Combined total value = 2,017,812,500

Strike  440  has a total call value of 1,265,687,500  versus a total put value of  645,562,500 Combined total value = 1,911,250,000

Strike  445  has a total call value of 2,054,937,500  versus a total put value of  415,937,500 Combined total value = 2,470,875,000

Strike  450  has a total call value of 2,985,125,000  versus a total put value of  215,875,000 Combined total value = 3,201,000,000

Strike  455  has a total call value of 4,595,250,000  versus a total put value of  134,062,500 Combined total value = 4,729,312,500

Strike  460  has a total call value of 6,432,250,000  versus a total put value of  92,812,500 Combined total value = 6,525,062,500

Strike  465  has a total call value of 8,766,312,500  versus a total put value of  67,375,000 Combined total value = 8,833,687,500

Strike  470  has a total call value of 11,262,625,000  versus a total put value of  57,750,000 Combined total value = 11,320,375,000

Strike  475  has a total call value of 13,995,437,500  versus a total put value of  48,125,000 Combined total value = 14,043,562,500

Strike  480  has a total call value of 16,762,625,000  versus a total put value of  38,500,000 Combined total value = 16,801,125,000

Strike  485  has a total call value of 19,698,937,500  versus a total put value of  28,875,000 Combined total value = 19,727,812,500

Strike  490  has a total call value of 22,650,375,000  versus a total put value of  19,250,000 Combined total value = 22,669,625,000

Strike  495  has a total call value of 25,685,687,500  versus a total put value of  9,625,000 Combined total value = 25,695,312,500

Strike  500  has a total call value of 28,745,062,500  versus a total put value of  0 Combined total value = 28,745,062,500

Strike  505  has a total call value of 32,061,562,500  versus a total put value of  0 Combined total value = 32,061,562,500

Strike  510  has a total call value of 35,581,562,500  versus a total put value of  0 Combined total value = 35,581,562,500

Strike  515  has a total call value of 39,124,937,500  versus a total put value of  0 Combined total value = 39,124,937,500

Strike  520  has a total call value of 42,668,312,500  versus a total put value of  0 Combined total value = 42,668,312,500

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.