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INDIACEM
THE INDIA CEMENTS LIMITED

209.25 0.95 (0.46%)

Max pain for INDIACEM

23 May 2024 04:06 PM IST

Max Pain for INDIACEM is 220  



Strike  187.5  has a total call value of 0  versus a total put value of  10,221,775,000 Combined total value = 10,221,775,000

Strike  190  has a total call value of 725,000  versus a total put value of  9,190,825,000 Combined total value = 9,191,550,000

Strike  192.5  has a total call value of 3,625,000  versus a total put value of  8,318,650,000 Combined total value = 8,322,275,000

Strike  195  has a total call value of 7,975,000  versus a total put value of  7,455,900,000 Combined total value = 7,463,875,000

Strike  197.5  has a total call value of 14,500,000  versus a total put value of  6,625,775,000 Combined total value = 6,640,275,000

Strike  200  has a total call value of 23,200,000  versus a total put value of  5,803,625,000 Combined total value = 5,826,825,000

Strike  202.5  has a total call value of 31,900,000  versus a total put value of  5,215,650,000 Combined total value = 5,247,550,000

Strike  205  has a total call value of 46,400,000  versus a total put value of  4,642,175,000 Combined total value = 4,688,575,000

Strike  207.5  has a total call value of 60,900,000  versus a total put value of  4,122,350,000 Combined total value = 4,183,250,000

Strike  210  has a total call value of 75,400,000  versus a total put value of  3,602,525,000 Combined total value = 3,677,925,000

Strike  212.5  has a total call value of 247,225,000  versus a total put value of  3,183,475,000 Combined total value = 3,430,700,000

Strike  215  has a total call value of 427,025,000  versus a total put value of  2,764,425,000 Combined total value = 3,191,450,000

Strike  217.5  has a total call value of 731,525,000  versus a total put value of  2,345,375,000 Combined total value = 3,076,900,000

Strike  220  has a total call value of 1,036,025,000  versus a total put value of  1,935,025,000 Combined total value = 2,971,050,000

Strike  222.5  has a total call value of 1,545,700,000  versus a total put value of  1,620,375,000 Combined total value = 3,166,075,000

Strike  225  has a total call value of 2,055,375,000  versus a total put value of  1,313,700,000 Combined total value = 3,369,075,000

Strike  227.5  has a total call value of 2,650,600,000  versus a total put value of  1,007,025,000 Combined total value = 3,657,625,000

Strike  230  has a total call value of 3,288,600,000  versus a total put value of  715,575,000 Combined total value = 4,004,175,000

Strike  232.5  has a total call value of 4,342,025,000  versus a total put value of  616,975,000 Combined total value = 4,959,000,000

Strike  235  has a total call value of 5,395,450,000  versus a total put value of  521,275,000 Combined total value = 5,916,725,000

Strike  237.5  has a total call value of 6,526,450,000  versus a total put value of  446,600,000 Combined total value = 6,973,050,000

Strike  240  has a total call value of 7,657,450,000  versus a total put value of  377,725,000 Combined total value = 8,035,175,000

Strike  242.5  has a total call value of 8,993,625,000  versus a total put value of  308,850,000 Combined total value = 9,302,475,000

Strike  245  has a total call value of 10,331,250,000  versus a total put value of  239,975,000 Combined total value = 10,571,225,000

Strike  247.5  has a total call value of 11,697,150,000  versus a total put value of  178,350,000 Combined total value = 11,875,500,000

Strike  250  has a total call value of 13,065,225,000  versus a total put value of  118,900,000 Combined total value = 13,184,125,000

Strike  252.5  has a total call value of 14,671,825,000  versus a total put value of  83,375,000 Combined total value = 14,755,200,000

Strike  255  has a total call value of 16,278,425,000  versus a total put value of  47,850,000 Combined total value = 16,326,275,000

Strike  257.5  has a total call value of 17,900,975,000  versus a total put value of  23,925,000 Combined total value = 17,924,900,000

Strike  260  has a total call value of 19,523,525,000  versus a total put value of  0 Combined total value = 19,523,525,000

Strike  262.5  has a total call value of 21,256,275,000  versus a total put value of  0 Combined total value = 21,256,275,000

Strike  265  has a total call value of 22,989,025,000  versus a total put value of  0 Combined total value = 22,989,025,000

Strike  267.5  has a total call value of 24,721,775,000  versus a total put value of  0 Combined total value = 24,721,775,000

Strike  270  has a total call value of 26,454,525,000  versus a total put value of  0 Combined total value = 26,454,525,000

Strike  272.5  has a total call value of 28,187,275,000  versus a total put value of  0 Combined total value = 28,187,275,000

Strike  275  has a total call value of 29,920,025,000  versus a total put value of  0 Combined total value = 29,920,025,000

Strike  277.5  has a total call value of 31,652,775,000  versus a total put value of  0 Combined total value = 31,652,775,000

Strike  280  has a total call value of 33,385,525,000  versus a total put value of  0 Combined total value = 33,385,525,000

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.