IGL
Indraprastha Gas Ltd
Max pain for IGL
18 Oct 2024 11:51 AM IST
Max Pain for IGL is 500
Strike 380 has a total call value of 0 versus a total put value of 110,748,687,500 Combined total value = 110,748,687,500
Strike 390 has a total call value of 0 versus a total put value of 100,177,687,500 Combined total value = 100,177,687,500
Strike 400 has a total call value of 0 versus a total put value of 89,606,687,500 Combined total value = 89,606,687,500
Strike 405 has a total call value of 0 versus a total put value of 84,519,187,500 Combined total value = 84,519,187,500
Strike 410 has a total call value of 0 versus a total put value of 79,431,687,500 Combined total value = 79,431,687,500
Strike 415 has a total call value of 0 versus a total put value of 74,417,750,000 Combined total value = 74,417,750,000
Strike 420 has a total call value of 0 versus a total put value of 69,403,812,500 Combined total value = 69,403,812,500
Strike 425 has a total call value of 12,375,000 versus a total put value of 64,858,750,000 Combined total value = 64,871,125,000
Strike 430 has a total call value of 24,750,000 versus a total put value of 60,313,687,500 Combined total value = 60,338,437,500
Strike 435 has a total call value of 37,125,000 versus a total put value of 55,920,562,500 Combined total value = 55,957,687,500
Strike 440 has a total call value of 49,500,000 versus a total put value of 51,527,437,500 Combined total value = 51,576,937,500
Strike 445 has a total call value of 144,375,000 versus a total put value of 47,645,125,000 Combined total value = 47,789,500,000
Strike 450 has a total call value of 239,250,000 versus a total put value of 43,762,812,500 Combined total value = 44,002,062,500
Strike 455 has a total call value of 743,187,500 versus a total put value of 40,348,687,500 Combined total value = 41,091,875,000
Strike 460 has a total call value of 1,247,125,000 versus a total put value of 36,934,562,500 Combined total value = 38,181,687,500
Strike 465 has a total call value of 2,155,312,500 versus a total put value of 33,761,750,000 Combined total value = 35,917,062,500
Strike 470 has a total call value of 3,063,500,000 versus a total put value of 30,588,937,500 Combined total value = 33,652,437,500
Strike 475 has a total call value of 4,518,250,000 versus a total put value of 27,599,687,500 Combined total value = 32,117,937,500
Strike 480 has a total call value of 5,973,000,000 versus a total put value of 24,610,437,500 Combined total value = 30,583,437,500
Strike 485 has a total call value of 7,828,562,500 versus a total put value of 21,811,625,000 Combined total value = 29,640,187,500
Strike 490 has a total call value of 9,684,125,000 versus a total put value of 19,012,812,500 Combined total value = 28,696,937,500
Strike 495 has a total call value of 11,881,375,000 versus a total put value of 16,418,187,500 Combined total value = 28,299,562,500
Strike 500 has a total call value of 14,078,625,000 versus a total put value of 13,913,625,000 Combined total value = 27,992,250,000
Strike 505 has a total call value of 17,026,625,000 versus a total put value of 11,859,375,000 Combined total value = 28,886,000,000
Strike 510 has a total call value of 19,974,625,000 versus a total put value of 9,938,500,000 Combined total value = 29,913,125,000
Strike 515 has a total call value of 23,253,312,500 versus a total put value of 8,277,500,000 Combined total value = 31,530,812,500
Strike 520 has a total call value of 26,532,000,000 versus a total put value of 6,721,687,500 Combined total value = 33,253,687,500
Strike 525 has a total call value of 30,333,875,000 versus a total put value of 5,404,437,500 Combined total value = 35,738,312,500
Strike 530 has a total call value of 34,547,562,500 versus a total put value of 4,180,687,500 Combined total value = 38,728,250,000
Strike 535 has a total call value of 39,248,687,500 versus a total put value of 3,130,187,500 Combined total value = 42,378,875,000
Strike 540 has a total call value of 44,121,687,500 versus a total put value of 2,189,687,500 Combined total value = 46,311,375,000
Strike 545 has a total call value of 49,394,812,500 versus a total put value of 1,520,062,500 Combined total value = 50,914,875,000
Strike 550 has a total call value of 54,780,000,000 versus a total put value of 941,875,000 Combined total value = 55,721,875,000
Strike 555 has a total call value of 60,816,937,500 versus a total put value of 579,562,500 Combined total value = 61,396,500,000
Strike 560 has a total call value of 66,982,437,500 versus a total put value of 217,250,000 Combined total value = 67,199,687,500
Strike 565 has a total call value of 73,960,562,500 versus a total put value of 96,250,000 Combined total value = 74,056,812,500
Strike 570 has a total call value of 81,056,937,500 versus a total put value of 12,375,000 Combined total value = 81,069,312,500
Strike 575 has a total call value of 88,670,312,500 versus a total put value of 0 Combined total value = 88,670,312,500
Strike 580 has a total call value of 96,382,000,000 versus a total put value of 0 Combined total value = 96,382,000,000
Strike 585 has a total call value of 104,422,312,500 versus a total put value of 0 Combined total value = 104,422,312,500
Strike 590 has a total call value of 112,525,875,000 versus a total put value of 0 Combined total value = 112,525,875,000
Strike 595 has a total call value of 120,786,875,000 versus a total put value of 0 Combined total value = 120,786,875,000
Strike 600 has a total call value of 129,085,000,000 versus a total put value of 0 Combined total value = 129,085,000,000
Strike 605 has a total call value of 138,214,312,500 versus a total put value of 0 Combined total value = 138,214,312,500
Strike 610 has a total call value of 147,362,875,000 versus a total put value of 0 Combined total value = 147,362,875,000
Strike 615 has a total call value of 156,568,500,000 versus a total put value of 0 Combined total value = 156,568,500,000
Strike 620 has a total call value of 165,774,125,000 versus a total put value of 0 Combined total value = 165,774,125,000
Strike 625 has a total call value of 175,076,000,000 versus a total put value of 0 Combined total value = 175,076,000,000
Strike 630 has a total call value of 184,377,875,000 versus a total put value of 0 Combined total value = 184,377,875,000
Strike 635 has a total call value of 193,739,562,500 versus a total put value of 0 Combined total value = 193,739,562,500
Strike 640 has a total call value of 203,226,375,000 versus a total put value of 0 Combined total value = 203,226,375,000
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.
