INDUSTOWER
INDUS TOWERS LIMITED
Max pain for INDUSTOWER
26 Jul 2024 04:13 PM IST
Max Pain for INDUSTOWER is 420
Strike 330 has a total call value of 0 versus a total put value of 127,800,900,000 Combined total value = 127,800,900,000
Strike 335 has a total call value of 0 versus a total put value of 118,695,700,000 Combined total value = 118,695,700,000
Strike 340 has a total call value of 0 versus a total put value of 109,590,500,000 Combined total value = 109,590,500,000
Strike 345 has a total call value of 0 versus a total put value of 100,485,300,000 Combined total value = 100,485,300,000
Strike 350 has a total call value of 0 versus a total put value of 91,380,100,000 Combined total value = 91,380,100,000
Strike 355 has a total call value of 22,100,000 versus a total put value of 82,526,500,000 Combined total value = 82,548,600,000
Strike 360 has a total call value of 44,200,000 versus a total put value of 73,672,900,000 Combined total value = 73,717,100,000
Strike 365 has a total call value of 66,300,000 versus a total put value of 65,703,300,000 Combined total value = 65,769,600,000
Strike 370 has a total call value of 88,400,000 versus a total put value of 58,279,400,000 Combined total value = 58,367,800,000
Strike 375 has a total call value of 134,300,000 versus a total put value of 51,921,400,000 Combined total value = 52,055,700,000
Strike 380 has a total call value of 180,200,000 versus a total put value of 45,595,700,000 Combined total value = 45,775,900,000
Strike 385 has a total call value of 285,600,000 versus a total put value of 40,458,300,000 Combined total value = 40,743,900,000
Strike 390 has a total call value of 391,000,000 versus a total put value of 35,351,500,000 Combined total value = 35,742,500,000
Strike 395 has a total call value of 516,800,000 versus a total put value of 30,413,000,000 Combined total value = 30,929,800,000
Strike 400 has a total call value of 642,600,000 versus a total put value of 25,493,200,000 Combined total value = 26,135,800,000
Strike 405 has a total call value of 2,441,200,000 versus a total put value of 21,425,100,000 Combined total value = 23,866,300,000
Strike 410 has a total call value of 4,256,800,000 versus a total put value of 17,440,300,000 Combined total value = 21,697,100,000
Strike 415 has a total call value of 7,677,200,000 versus a total put value of 13,872,000,000 Combined total value = 21,549,200,000
Strike 420 has a total call value of 11,157,100,000 versus a total put value of 10,347,900,000 Combined total value = 21,505,000,000
Strike 425 has a total call value of 15,558,400,000 versus a total put value of 7,899,900,000 Combined total value = 23,458,300,000
Strike 430 has a total call value of 20,094,000,000 versus a total put value of 5,623,600,000 Combined total value = 25,717,600,000
Strike 435 has a total call value of 25,037,600,000 versus a total put value of 3,836,900,000 Combined total value = 28,874,500,000
Strike 440 has a total call value of 30,062,800,000 versus a total put value of 2,155,600,000 Combined total value = 32,218,400,000
Strike 445 has a total call value of 36,065,500,000 versus a total put value of 1,191,700,000 Combined total value = 37,257,200,000
Strike 450 has a total call value of 42,228,000,000 versus a total put value of 533,800,000 Combined total value = 42,761,800,000
Strike 455 has a total call value of 49,774,300,000 versus a total put value of 280,500,000 Combined total value = 50,054,800,000
Strike 460 has a total call value of 57,417,500,000 versus a total put value of 86,700,000 Combined total value = 57,504,200,000
Strike 465 has a total call value of 65,902,200,000 versus a total put value of 44,200,000 Combined total value = 65,946,400,000
Strike 470 has a total call value of 74,439,600,000 versus a total put value of 13,600,000 Combined total value = 74,453,200,000
Strike 475 has a total call value of 83,437,700,000 versus a total put value of 6,800,000 Combined total value = 83,444,500,000
Strike 480 has a total call value of 92,444,300,000 versus a total put value of 0 Combined total value = 92,444,300,000
Strike 485 has a total call value of 102,154,700,000 versus a total put value of 0 Combined total value = 102,154,700,000
Strike 490 has a total call value of 111,873,600,000 versus a total put value of 0 Combined total value = 111,873,600,000
Strike 495 has a total call value of 121,628,200,000 versus a total put value of 0 Combined total value = 121,628,200,000
Strike 500 has a total call value of 131,384,500,000 versus a total put value of 0 Combined total value = 131,384,500,000
Strike 505 has a total call value of 141,307,400,000 versus a total put value of 0 Combined total value = 141,307,400,000
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.