IGL
Indraprastha Gas Ltd
Max pain for IGL
18 Oct 2024 10:11 AM IST
Max Pain for IGL is 500
Strike 380 has a total call value of 0 versus a total put value of 104,665,000,000 Combined total value = 104,665,000,000
Strike 390 has a total call value of 0 versus a total put value of 95,044,125,000 Combined total value = 95,044,125,000
Strike 400 has a total call value of 0 versus a total put value of 85,423,250,000 Combined total value = 85,423,250,000
Strike 405 has a total call value of 0 versus a total put value of 80,734,500,000 Combined total value = 80,734,500,000
Strike 410 has a total call value of 0 versus a total put value of 76,045,750,000 Combined total value = 76,045,750,000
Strike 415 has a total call value of 0 versus a total put value of 71,431,937,500 Combined total value = 71,431,937,500
Strike 420 has a total call value of 0 versus a total put value of 66,818,125,000 Combined total value = 66,818,125,000
Strike 425 has a total call value of 3,437,500 versus a total put value of 62,576,250,000 Combined total value = 62,579,687,500
Strike 430 has a total call value of 6,875,000 versus a total put value of 58,334,375,000 Combined total value = 58,341,250,000
Strike 435 has a total call value of 10,312,500 versus a total put value of 54,181,875,000 Combined total value = 54,192,187,500
Strike 440 has a total call value of 13,750,000 versus a total put value of 50,029,375,000 Combined total value = 50,043,125,000
Strike 445 has a total call value of 105,875,000 versus a total put value of 46,283,875,000 Combined total value = 46,389,750,000
Strike 450 has a total call value of 198,000,000 versus a total put value of 42,538,375,000 Combined total value = 42,736,375,000
Strike 455 has a total call value of 602,937,500 versus a total put value of 39,162,750,000 Combined total value = 39,765,687,500
Strike 460 has a total call value of 1,007,875,000 versus a total put value of 35,787,125,000 Combined total value = 36,795,000,000
Strike 465 has a total call value of 1,794,375,000 versus a total put value of 32,670,687,500 Combined total value = 34,465,062,500
Strike 470 has a total call value of 2,580,875,000 versus a total put value of 29,554,250,000 Combined total value = 32,135,125,000
Strike 475 has a total call value of 3,716,625,000 versus a total put value of 26,636,500,000 Combined total value = 30,353,125,000
Strike 480 has a total call value of 4,852,375,000 versus a total put value of 23,718,750,000 Combined total value = 28,571,125,000
Strike 485 has a total call value of 6,365,562,500 versus a total put value of 20,984,562,500 Combined total value = 27,350,125,000
Strike 490 has a total call value of 7,878,750,000 versus a total put value of 18,250,375,000 Combined total value = 26,129,125,000
Strike 495 has a total call value of 9,686,875,000 versus a total put value of 15,723,125,000 Combined total value = 25,410,000,000
Strike 500 has a total call value of 11,495,000,000 versus a total put value of 13,287,312,500 Combined total value = 24,782,312,500
Strike 505 has a total call value of 13,976,187,500 versus a total put value of 11,316,937,500 Combined total value = 25,293,125,000
Strike 510 has a total call value of 16,457,375,000 versus a total put value of 9,480,625,000 Combined total value = 25,938,000,000
Strike 515 has a total call value of 19,264,437,500 versus a total put value of 7,909,000,000 Combined total value = 27,173,437,500
Strike 520 has a total call value of 22,071,500,000 versus a total put value of 6,441,875,000 Combined total value = 28,513,375,000
Strike 525 has a total call value of 25,367,375,000 versus a total put value of 5,219,500,000 Combined total value = 30,586,875,000
Strike 530 has a total call value of 29,077,125,000 versus a total put value of 4,095,437,500 Combined total value = 33,172,562,500
Strike 535 has a total call value of 33,273,625,000 versus a total put value of 3,148,062,500 Combined total value = 36,421,687,500
Strike 540 has a total call value of 37,639,937,500 versus a total put value of 2,200,687,500 Combined total value = 39,840,625,000
Strike 545 has a total call value of 42,429,062,500 versus a total put value of 1,526,937,500 Combined total value = 43,956,000,000
Strike 550 has a total call value of 47,336,437,500 versus a total put value of 944,625,000 Combined total value = 48,281,062,500
Strike 555 has a total call value of 52,843,312,500 versus a total put value of 581,625,000 Combined total value = 53,424,937,500
Strike 560 has a total call value of 58,485,625,000 versus a total put value of 218,625,000 Combined total value = 58,704,250,000
Strike 565 has a total call value of 64,944,687,500 versus a total put value of 96,937,500 Combined total value = 65,041,625,000
Strike 570 has a total call value of 71,519,937,500 versus a total put value of 12,375,000 Combined total value = 71,532,312,500
Strike 575 has a total call value of 78,628,687,500 versus a total put value of 0 Combined total value = 78,628,687,500
Strike 580 has a total call value of 85,836,437,500 versus a total put value of 0 Combined total value = 85,836,437,500
Strike 585 has a total call value of 93,396,875,000 versus a total put value of 0 Combined total value = 93,396,875,000
Strike 590 has a total call value of 101,021,250,000 versus a total put value of 0 Combined total value = 101,021,250,000
Strike 595 has a total call value of 108,805,125,000 versus a total put value of 0 Combined total value = 108,805,125,000
Strike 600 has a total call value of 116,627,500,000 versus a total put value of 0 Combined total value = 116,627,500,000
Strike 605 has a total call value of 125,296,875,000 versus a total put value of 0 Combined total value = 125,296,875,000
Strike 610 has a total call value of 133,985,500,000 versus a total put value of 0 Combined total value = 133,985,500,000
Strike 615 has a total call value of 142,731,187,500 versus a total put value of 0 Combined total value = 142,731,187,500
Strike 620 has a total call value of 151,476,875,000 versus a total put value of 0 Combined total value = 151,476,875,000
Strike 625 has a total call value of 160,322,250,000 versus a total put value of 0 Combined total value = 160,322,250,000
Strike 630 has a total call value of 169,167,625,000 versus a total put value of 0 Combined total value = 169,167,625,000
Strike 635 has a total call value of 178,013,000,000 versus a total put value of 0 Combined total value = 178,013,000,000
Strike 640 has a total call value of 186,858,375,000 versus a total put value of 0 Combined total value = 186,858,375,000
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.
