IOC
Indian Oil Corp Ltd
Max pain for IOC
29 Oct 2024 04:12 PM IST
Max Pain for IOC is 160
Strike 120 has a total call value of 0 versus a total put value of 201,310,687,500 Combined total value = 201,310,687,500
Strike 122.5 has a total call value of 0 versus a total put value of 187,682,625,000 Combined total value = 187,682,625,000
Strike 125 has a total call value of 0 versus a total put value of 174,054,562,500 Combined total value = 174,054,562,500
Strike 127.5 has a total call value of 0 versus a total put value of 160,542,281,250 Combined total value = 160,542,281,250
Strike 130 has a total call value of 0 versus a total put value of 147,121,406,250 Combined total value = 147,121,406,250
Strike 132.5 has a total call value of 8,531,250 versus a total put value of 134,339,156,250 Combined total value = 134,347,687,500
Strike 135 has a total call value of 17,062,500 versus a total put value of 121,597,125,000 Combined total value = 121,614,187,500
Strike 137.5 has a total call value of 73,125,000 versus a total put value of 109,302,375,000 Combined total value = 109,375,500,000
Strike 140 has a total call value of 312,000,000 versus a total put value of 97,341,562,500 Combined total value = 97,653,562,500
Strike 142.5 has a total call value of 979,875,000 versus a total put value of 87,158,906,250 Combined total value = 88,138,781,250
Strike 145 has a total call value of 2,146,218,750 versus a total put value of 77,680,687,500 Combined total value = 79,826,906,250
Strike 147.5 has a total call value of 4,431,375,000 versus a total put value of 69,049,500,000 Combined total value = 73,480,875,000
Strike 150 has a total call value of 7,420,968,750 versus a total put value of 60,938,718,750 Combined total value = 68,359,687,500
Strike 152.5 has a total call value of 11,758,500,000 versus a total put value of 53,327,625,000 Combined total value = 65,086,125,000
Strike 155 has a total call value of 16,531,125,000 versus a total put value of 45,890,812,500 Combined total value = 62,421,937,500
Strike 157.5 has a total call value of 22,489,593,750 versus a total put value of 38,817,187,500 Combined total value = 61,306,781,250
Strike 160 has a total call value of 28,929,468,750 versus a total put value of 31,981,218,750 Combined total value = 60,910,687,500
Strike 162.5 has a total call value of 36,641,718,750 versus a total put value of 25,866,750,000 Combined total value = 62,508,468,750
Strike 165 has a total call value of 44,882,906,250 versus a total put value of 20,041,125,000 Combined total value = 64,924,031,250
Strike 167.5 has a total call value of 54,943,687,500 versus a total put value of 15,302,625,000 Combined total value = 70,246,312,500
Strike 170 has a total call value of 65,696,718,750 versus a total put value of 10,934,625,000 Combined total value = 76,631,343,750
Strike 172.5 has a total call value of 79,363,781,250 versus a total put value of 7,817,062,500 Combined total value = 87,180,843,750
Strike 175 has a total call value of 93,834,000,000 versus a total put value of 5,068,781,250 Combined total value = 98,902,781,250
Strike 177.5 has a total call value of 110,228,625,000 versus a total put value of 3,189,468,750 Combined total value = 113,418,093,750
Strike 180 has a total call value of 127,248,468,750 versus a total put value of 1,584,375,000 Combined total value = 128,832,843,750
Strike 182.5 has a total call value of 147,846,562,500 versus a total put value of 1,001,812,500 Combined total value = 148,848,375,000
Strike 185 has a total call value of 169,097,906,250 versus a total put value of 582,562,500 Combined total value = 169,680,468,750
Strike 187.5 has a total call value of 191,724,000,000 versus a total put value of 361,968,750 Combined total value = 192,085,968,750
Strike 190 has a total call value of 214,549,968,750 versus a total put value of 141,375,000 Combined total value = 214,691,343,750
Strike 192.5 has a total call value of 239,697,656,250 versus a total put value of 106,031,250 Combined total value = 239,803,687,500
Strike 195 has a total call value of 264,845,343,750 versus a total put value of 70,687,500 Combined total value = 264,916,031,250
Strike 197.5 has a total call value of 290,279,437,500 versus a total put value of 35,343,750 Combined total value = 290,314,781,250
Strike 200 has a total call value of 315,713,531,250 versus a total put value of 0 Combined total value = 315,713,531,250
Strike 202.5 has a total call value of 344,254,218,750 versus a total put value of 0 Combined total value = 344,254,218,750
Strike 205 has a total call value of 372,794,906,250 versus a total put value of 0 Combined total value = 372,794,906,250
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.