IOC
INDIAN OIL CORP LTD
Max pain for IOC
26 Jul 2024 04:12 PM IST
Max Pain for IOC is 175
Strike 133 has a total call value of 0 versus a total put value of 127,256,268,750 Combined total value = 127,256,268,750
Strike 135 has a total call value of 0 versus a total put value of 119,686,368,750 Combined total value = 119,686,368,750
Strike 135.5 has a total call value of 0 versus a total put value of 117,793,893,750 Combined total value = 117,793,893,750
Strike 137.5 has a total call value of 0 versus a total put value of 110,223,993,750 Combined total value = 110,223,993,750
Strike 138 has a total call value of 0 versus a total put value of 108,331,518,750 Combined total value = 108,331,518,750
Strike 140 has a total call value of 0 versus a total put value of 100,787,943,750 Combined total value = 100,787,943,750
Strike 140.5 has a total call value of 0 versus a total put value of 98,908,631,250 Combined total value = 98,908,631,250
Strike 142.5 has a total call value of 0 versus a total put value of 91,391,381,250 Combined total value = 91,391,381,250
Strike 143 has a total call value of 0 versus a total put value of 89,512,068,750 Combined total value = 89,512,068,750
Strike 145 has a total call value of 2,925,000 versus a total put value of 82,058,193,750 Combined total value = 82,061,118,750
Strike 145.5 has a total call value of 3,656,250 versus a total put value of 80,215,687,500 Combined total value = 80,219,343,750
Strike 147.5 has a total call value of 6,581,250 versus a total put value of 72,845,662,500 Combined total value = 72,852,243,750
Strike 148 has a total call value of 7,312,500 versus a total put value of 71,003,156,250 Combined total value = 71,010,468,750
Strike 150 has a total call value of 10,237,500 versus a total put value of 63,657,506,250 Combined total value = 63,667,743,750
Strike 150.5 has a total call value of 29,981,250 versus a total put value of 61,917,131,250 Combined total value = 61,947,112,500
Strike 152.5 has a total call value of 108,956,250 versus a total put value of 55,039,481,250 Combined total value = 55,148,437,500
Strike 153 has a total call value of 128,700,000 versus a total put value of 53,320,068,750 Combined total value = 53,448,768,750
Strike 155 has a total call value of 207,675,000 versus a total put value of 46,614,018,750 Combined total value = 46,821,693,750
Strike 155.5 has a total call value of 227,418,750 versus a total put value of 45,058,650,000 Combined total value = 45,286,068,750
Strike 157.5 has a total call value of 306,393,750 versus a total put value of 38,949,300,000 Combined total value = 39,255,693,750
Strike 158 has a total call value of 326,137,500 versus a total put value of 37,429,518,750 Combined total value = 37,755,656,250
Strike 160 has a total call value of 429,487,500 versus a total put value of 31,454,718,750 Combined total value = 31,884,206,250
Strike 160.5 has a total call value of 507,000,000 versus a total put value of 30,103,856,250 Combined total value = 30,610,856,250
Strike 162.5 has a total call value of 817,050,000 versus a total put value of 24,774,506,250 Combined total value = 25,591,556,250
Strike 163 has a total call value of 899,681,250 versus a total put value of 23,495,306,250 Combined total value = 24,394,987,500
Strike 165 has a total call value of 1,341,356,250 versus a total put value of 18,689,531,250 Combined total value = 20,030,887,500
Strike 165.5 has a total call value of 1,520,756,250 versus a total put value of 17,694,787,500 Combined total value = 19,215,543,750
Strike 167.5 has a total call value of 2,264,681,250 versus a total put value of 13,867,912,500 Combined total value = 16,132,593,750
Strike 168 has a total call value of 2,475,768,750 versus a total put value of 12,963,600,000 Combined total value = 15,439,368,750
Strike 170 has a total call value of 3,508,293,750 versus a total put value of 9,669,075,000 Combined total value = 13,177,368,750
Strike 170.5 has a total call value of 3,935,587,500 versus a total put value of 9,058,237,500 Combined total value = 12,993,825,000
Strike 172.5 has a total call value of 5,722,762,500 versus a total put value of 6,705,562,500 Combined total value = 12,428,325,000
Strike 173 has a total call value of 6,194,418,750 versus a total put value of 6,142,500,000 Combined total value = 12,336,918,750
Strike 175 has a total call value of 8,298,468,750 versus a total put value of 4,037,475,000 Combined total value = 12,335,943,750
Strike 175.5 has a total call value of 9,276,150,000 versus a total put value of 3,699,637,500 Combined total value = 12,975,787,500
Strike 177.5 has a total call value of 13,457,925,000 versus a total put value of 2,470,162,500 Combined total value = 15,928,087,500
Strike 178 has a total call value of 14,578,931,250 versus a total put value of 2,196,918,750 Combined total value = 16,775,850,000
Strike 180 has a total call value of 19,348,631,250 versus a total put value of 1,239,468,750 Combined total value = 20,588,100,000
Strike 180.5 has a total call value of 21,247,443,750 versus a total put value of 1,128,562,500 Combined total value = 22,376,006,250
Strike 182.5 has a total call value of 29,032,818,750 versus a total put value of 754,162,500 Combined total value = 29,786,981,250
Strike 183 has a total call value of 31,037,418,750 versus a total put value of 674,456,250 Combined total value = 31,711,875,000
Strike 185 has a total call value of 39,291,768,750 versus a total put value of 407,306,250 Combined total value = 39,699,075,000
Strike 185.5 has a total call value of 41,517,206,250 versus a total put value of 361,725,000 Combined total value = 41,878,931,250
Strike 187.5 has a total call value of 50,487,206,250 versus a total put value of 219,375,000 Combined total value = 50,706,581,250
Strike 188 has a total call value of 52,809,900,000 versus a total put value of 191,587,500 Combined total value = 53,001,487,500
Strike 190 has a total call value of 62,183,550,000 versus a total put value of 104,812,500 Combined total value = 62,288,362,500
Strike 190.5 has a total call value of 64,717,331,250 versus a total put value of 96,525,000 Combined total value = 64,813,856,250
Strike 192.5 has a total call value of 74,852,456,250 versus a total put value of 63,375,000 Combined total value = 74,915,831,250
Strike 193 has a total call value of 77,392,331,250 versus a total put value of 55,087,500 Combined total value = 77,447,418,750
Strike 195 has a total call value of 87,838,481,250 versus a total put value of 21,937,500 Combined total value = 87,860,418,750
Strike 195.5 has a total call value of 90,574,087,500 versus a total put value of 19,987,500 Combined total value = 90,594,075,000
Strike 197.5 has a total call value of 101,516,512,500 versus a total put value of 12,187,500 Combined total value = 101,528,700,000
Strike 198 has a total call value of 104,257,968,750 versus a total put value of 10,237,500 Combined total value = 104,268,206,250
Strike 200 has a total call value of 115,223,793,750 versus a total put value of 2,437,500 Combined total value = 115,226,231,250
Strike 200.5 has a total call value of 118,072,987,500 versus a total put value of 1,950,000 Combined total value = 118,074,937,500
Strike 202.5 has a total call value of 129,469,762,500 versus a total put value of 0 Combined total value = 129,469,762,500
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.