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INDUSTOWER
Indus Towers Limited

378.5 -0.40 (-0.11%)

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

All Max-Pain Table


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.