INDUSTOWER
Indus Towers Limited
Max pain for INDUSTOWER
11 Oct 2024 04:13 PM IST
Max Pain for INDUSTOWER is 390
Strike 300 has a total call value of 0 versus a total put value of 177,209,700,000 Combined total value = 177,209,700,000
Strike 310 has a total call value of 0 versus a total put value of 151,937,500,000 Combined total value = 151,937,500,000
Strike 320 has a total call value of 0 versus a total put value of 126,726,500,000 Combined total value = 126,726,500,000
Strike 330 has a total call value of 0 versus a total put value of 102,525,300,000 Combined total value = 102,525,300,000
Strike 335 has a total call value of 0 versus a total put value of 90,810,600,000 Combined total value = 90,810,600,000
Strike 340 has a total call value of 0 versus a total put value of 79,206,400,000 Combined total value = 79,206,400,000
Strike 345 has a total call value of 69,700,000 versus a total put value of 68,557,600,000 Combined total value = 68,627,300,000
Strike 350 has a total call value of 139,400,000 versus a total put value of 58,145,100,000 Combined total value = 58,284,500,000
Strike 355 has a total call value of 362,100,000 versus a total put value of 49,665,500,000 Combined total value = 50,027,600,000
Strike 360 has a total call value of 584,800,000 versus a total put value of 41,279,400,000 Combined total value = 41,864,200,000
Strike 365 has a total call value of 980,900,000 versus a total put value of 34,338,300,000 Combined total value = 35,319,200,000
Strike 370 has a total call value of 1,377,000,000 versus a total put value of 27,703,200,000 Combined total value = 29,080,200,000
Strike 375 has a total call value of 2,278,000,000 versus a total put value of 22,196,900,000 Combined total value = 24,474,900,000
Strike 380 has a total call value of 3,415,300,000 versus a total put value of 16,920,100,000 Combined total value = 20,335,400,000
Strike 385 has a total call value of 5,632,100,000 versus a total put value of 12,709,200,000 Combined total value = 18,341,300,000
Strike 390 has a total call value of 8,245,000,000 versus a total put value of 8,928,400,000 Combined total value = 17,173,400,000
Strike 395 has a total call value of 12,500,100,000 versus a total put value of 6,222,000,000 Combined total value = 18,722,100,000
Strike 400 has a total call value of 17,275,400,000 versus a total put value of 3,716,200,000 Combined total value = 20,991,600,000
Strike 405 has a total call value of 24,944,100,000 versus a total put value of 2,946,100,000 Combined total value = 27,890,200,000
Strike 410 has a total call value of 33,124,500,000 versus a total put value of 2,176,000,000 Combined total value = 35,300,500,000
Strike 415 has a total call value of 42,488,100,000 versus a total put value of 1,654,100,000 Combined total value = 44,142,200,000
Strike 420 has a total call value of 52,137,300,000 versus a total put value of 1,132,200,000 Combined total value = 53,269,500,000
Strike 425 has a total call value of 63,411,700,000 versus a total put value of 943,500,000 Combined total value = 64,355,200,000
Strike 430 has a total call value of 74,980,200,000 versus a total put value of 754,800,000 Combined total value = 75,735,000,000
Strike 435 has a total call value of 87,793,100,000 versus a total put value of 566,100,000 Combined total value = 88,359,200,000
Strike 440 has a total call value of 100,672,300,000 versus a total put value of 377,400,000 Combined total value = 101,049,700,000
Strike 445 has a total call value of 114,369,200,000 versus a total put value of 188,700,000 Combined total value = 114,557,900,000
Strike 450 has a total call value of 128,191,900,000 versus a total put value of 0 Combined total value = 128,191,900,000
Strike 455 has a total call value of 143,065,200,000 versus a total put value of 0 Combined total value = 143,065,200,000
Strike 460 has a total call value of 157,984,400,000 versus a total put value of 0 Combined total value = 157,984,400,000
Strike 465 has a total call value of 173,257,200,000 versus a total put value of 0 Combined total value = 173,257,200,000
Strike 470 has a total call value of 188,530,000,000 versus a total put value of 0 Combined total value = 188,530,000,000
Strike 475 has a total call value of 204,051,000,000 versus a total put value of 0 Combined total value = 204,051,000,000
Strike 480 has a total call value of 219,572,000,000 versus a total put value of 0 Combined total value = 219,572,000,000
Strike 485 has a total call value of 235,186,500,000 versus a total put value of 0 Combined total value = 235,186,500,000
Strike 490 has a total call value of 250,801,000,000 versus a total put value of 0 Combined total value = 250,801,000,000
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.