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IGL
INDRAPRASTHA GAS LTD

415.85 -6.25 (-1.48%)


Strike  360  has a total call value of 0  versus a total put value of  14,780,562,500 Combined total value = 14,780,562,500

Strike  365  has a total call value of 0  versus a total put value of  13,158,750,000 Combined total value = 13,158,750,000

Strike  370  has a total call value of 0  versus a total put value of  11,536,937,500 Combined total value = 11,536,937,500

Strike  375  has a total call value of 0  versus a total put value of  10,000,375,000 Combined total value = 10,000,375,000

Strike  380  has a total call value of 0  versus a total put value of  8,463,812,500 Combined total value = 8,463,812,500

Strike  385  has a total call value of 4,125,000  versus a total put value of  7,053,750,000 Combined total value = 7,057,875,000

Strike  390  has a total call value of 8,250,000  versus a total put value of  5,643,687,500 Combined total value = 5,651,937,500

Strike  395  has a total call value of 17,187,500  versus a total put value of  4,637,187,500 Combined total value = 4,654,375,000

Strike  400  has a total call value of 33,000,000  versus a total put value of  3,659,562,500 Combined total value = 3,692,562,500

Strike  405  has a total call value of 79,062,500  versus a total put value of  2,938,375,000 Combined total value = 3,017,437,500

Strike  410  has a total call value of 127,187,500  versus a total put value of  2,253,625,000 Combined total value = 2,380,812,500

Strike  415  has a total call value of 201,437,500  versus a total put value of  1,700,875,000 Combined total value = 1,902,312,500

Strike  420  has a total call value of 283,937,500  versus a total put value of  1,229,937,500 Combined total value = 1,513,875,000

Strike  425  has a total call value of 441,375,000  versus a total put value of  902,000,000 Combined total value = 1,343,375,000

Strike  430  has a total call value of 653,125,000  versus a total put value of  593,312,500 Combined total value = 1,246,437,500

Strike  435  has a total call value of 937,750,000  versus a total put value of  356,125,000 Combined total value = 1,293,875,000

Strike  440  has a total call value of 1,295,250,000  versus a total put value of  195,937,500 Combined total value = 1,491,187,500

Strike  445  has a total call value of 1,850,062,500  versus a total put value of  106,562,500 Combined total value = 1,956,625,000

Strike  450  has a total call value of 2,505,250,000  versus a total put value of  41,250,000 Combined total value = 2,546,500,000

Strike  455  has a total call value of 3,480,812,500  versus a total put value of  34,375,000 Combined total value = 3,515,187,500

Strike  460  has a total call value of 4,587,687,500  versus a total put value of  27,500,000 Combined total value = 4,615,187,500

Strike  465  has a total call value of 6,019,750,000  versus a total put value of  20,625,000 Combined total value = 6,040,375,000

Strike  470  has a total call value of 7,544,625,000  versus a total put value of  13,750,000 Combined total value = 7,558,375,000

Strike  475  has a total call value of 9,235,875,000  versus a total put value of  6,875,000 Combined total value = 9,242,750,000

Strike  480  has a total call value of 10,952,562,500  versus a total put value of  0 Combined total value = 10,952,562,500

Strike  485  has a total call value of 12,780,625,000  versus a total put value of  0 Combined total value = 12,780,625,000

Strike  490  has a total call value of 14,621,750,000  versus a total put value of  0 Combined total value = 14,621,750,000

Strike  495  has a total call value of 16,522,687,500  versus a total put value of  0 Combined total value = 16,522,687,500

Strike  500  has a total call value of 18,423,625,000  versus a total put value of  0 Combined total value = 18,423,625,000

Strike  505  has a total call value of 20,449,000,000  versus a total put value of  0 Combined total value = 20,449,000,000

Strike  510  has a total call value of 22,474,375,000  versus a total put value of  0 Combined total value = 22,474,375,000

Strike  515  has a total call value of 24,499,750,000  versus a total put value of  0 Combined total value = 24,499,750,000

Strike  520  has a total call value of 26,525,125,000  versus a total put value of  0 Combined total value = 26,525,125,000

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.