IGL
INDRAPRASTHA GAS LTD
Max pain for IGL
10 May 2024 04:16 PM IST
Max Pain for IGL is 450
Strike 375 has a total call value of 0 versus a total put value of 28,443,250,000 Combined total value = 28,443,250,000
Strike 380 has a total call value of 0 versus a total put value of 25,367,375,000 Combined total value = 25,367,375,000
Strike 385 has a total call value of 0 versus a total put value of 22,591,250,000 Combined total value = 22,591,250,000
Strike 390 has a total call value of 0 versus a total put value of 19,841,250,000 Combined total value = 19,841,250,000
Strike 395 has a total call value of 0 versus a total put value of 17,252,125,000 Combined total value = 17,252,125,000
Strike 400 has a total call value of 0 versus a total put value of 14,718,000,000 Combined total value = 14,718,000,000
Strike 405 has a total call value of 11,687,500 versus a total put value of 12,744,187,500 Combined total value = 12,755,875,000
Strike 410 has a total call value of 24,062,500 versus a total put value of 10,849,437,500 Combined total value = 10,873,500,000
Strike 415 has a total call value of 44,000,000 versus a total put value of 9,072,937,500 Combined total value = 9,116,937,500
Strike 420 has a total call value of 71,500,000 versus a total put value of 7,467,625,000 Combined total value = 7,539,125,000
Strike 425 has a total call value of 125,812,500 versus a total put value of 6,092,625,000 Combined total value = 6,218,437,500
Strike 430 has a total call value of 198,687,500 versus a total put value of 4,792,562,500 Combined total value = 4,991,250,000
Strike 435 has a total call value of 329,312,500 versus a total put value of 3,694,625,000 Combined total value = 4,023,937,500
Strike 440 has a total call value of 517,687,500 versus a total put value of 2,684,000,000 Combined total value = 3,201,687,500
Strike 445 has a total call value of 814,000,000 versus a total put value of 1,919,500,000 Combined total value = 2,733,500,000
Strike 450 has a total call value of 1,236,125,000 versus a total put value of 1,225,812,500 Combined total value = 2,461,937,500
Strike 455 has a total call value of 2,208,937,500 versus a total put value of 853,875,000 Combined total value = 3,062,812,500
Strike 460 has a total call value of 3,316,500,000 versus a total put value of 545,187,500 Combined total value = 3,861,687,500
Strike 465 has a total call value of 4,958,250,000 versus a total put value of 363,687,500 Combined total value = 5,321,937,500
Strike 470 has a total call value of 6,821,375,000 versus a total put value of 214,500,000 Combined total value = 7,035,875,000
Strike 475 has a total call value of 9,110,750,000 versus a total put value of 125,812,500 Combined total value = 9,236,562,500
Strike 480 has a total call value of 11,550,687,500 versus a total put value of 72,875,000 Combined total value = 11,623,562,500
Strike 485 has a total call value of 14,393,500,000 versus a total put value of 48,125,000 Combined total value = 14,441,625,000
Strike 490 has a total call value of 17,336,000,000 versus a total put value of 40,562,500 Combined total value = 17,376,562,500
Strike 495 has a total call value of 20,721,250,000 versus a total put value of 33,000,000 Combined total value = 20,754,250,000
Strike 500 has a total call value of 24,173,875,000 versus a total put value of 28,875,000 Combined total value = 24,202,750,000
Strike 505 has a total call value of 28,775,312,500 versus a total put value of 24,750,000 Combined total value = 28,800,062,500
Strike 510 has a total call value of 33,426,937,500 versus a total put value of 22,000,000 Combined total value = 33,448,937,500
Strike 515 has a total call value of 38,222,250,000 versus a total put value of 19,250,000 Combined total value = 38,241,500,000
Strike 520 has a total call value of 43,069,812,500 versus a total put value of 16,500,000 Combined total value = 43,086,312,500
Strike 525 has a total call value of 48,111,937,500 versus a total put value of 13,750,000 Combined total value = 48,125,687,500
Strike 530 has a total call value of 53,188,437,500 versus a total put value of 11,000,000 Combined total value = 53,199,437,500
Strike 535 has a total call value of 58,352,250,000 versus a total put value of 8,250,000 Combined total value = 58,360,500,000
Strike 540 has a total call value of 63,529,125,000 versus a total put value of 5,500,000 Combined total value = 63,534,625,000
Strike 545 has a total call value of 68,783,687,500 versus a total put value of 2,750,000 Combined total value = 68,786,437,500
Strike 550 has a total call value of 74,080,187,500 versus a total put value of 0 Combined total value = 74,080,187,500
Strike 555 has a total call value of 79,578,812,500 versus a total put value of 0 Combined total value = 79,578,812,500
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.