IOC
INDIAN OIL CORP LTD
Max pain for IOC
04 Jul 2024 12:33 PM IST
Max Pain for IOC is 167.5
Strike 130 has a total call value of 0 versus a total put value of 98,774,812,500 Combined total value = 98,774,812,500
Strike 132.5 has a total call value of 0 versus a total put value of 91,139,343,750 Combined total value = 91,139,343,750
Strike 135 has a total call value of 0 versus a total put value of 83,503,875,000 Combined total value = 83,503,875,000
Strike 137.5 has a total call value of 0 versus a total put value of 75,868,406,250 Combined total value = 75,868,406,250
Strike 140 has a total call value of 0 versus a total put value of 68,232,937,500 Combined total value = 68,232,937,500
Strike 142.5 has a total call value of 0 versus a total put value of 60,782,718,750 Combined total value = 60,782,718,750
Strike 145 has a total call value of 0 versus a total put value of 53,332,500,000 Combined total value = 53,332,500,000
Strike 147.5 has a total call value of 0 versus a total put value of 45,972,468,750 Combined total value = 45,972,468,750
Strike 150 has a total call value of 0 versus a total put value of 38,647,781,250 Combined total value = 38,647,781,250
Strike 152.5 has a total call value of 181,593,750 versus a total put value of 32,311,500,000 Combined total value = 32,493,093,750
Strike 155 has a total call value of 363,187,500 versus a total put value of 26,147,062,500 Combined total value = 26,510,250,000
Strike 157.5 has a total call value of 606,937,500 versus a total put value of 20,615,156,250 Combined total value = 21,222,093,750
Strike 160 has a total call value of 892,125,000 versus a total put value of 15,305,062,500 Combined total value = 16,197,187,500
Strike 162.5 has a total call value of 1,524,656,250 versus a total put value of 11,357,531,250 Combined total value = 12,882,187,500
Strike 165 has a total call value of 2,237,625,000 versus a total put value of 7,639,125,000 Combined total value = 9,876,750,000
Strike 167.5 has a total call value of 3,974,343,750 versus a total put value of 5,288,156,250 Combined total value = 9,262,500,000
Strike 170 has a total call value of 6,192,468,750 versus a total put value of 3,171,187,500 Combined total value = 9,363,656,250
Strike 172.5 has a total call value of 11,331,937,500 versus a total put value of 2,271,750,000 Combined total value = 13,603,687,500
Strike 175 has a total call value of 16,902,843,750 versus a total put value of 1,408,875,000 Combined total value = 18,311,718,750
Strike 177.5 has a total call value of 24,259,218,750 versus a total put value of 943,312,500 Combined total value = 25,202,531,250
Strike 180 has a total call value of 31,916,625,000 versus a total put value of 531,375,000 Combined total value = 32,448,000,000
Strike 182.5 has a total call value of 41,220,562,500 versus a total put value of 420,468,750 Combined total value = 41,641,031,250
Strike 185 has a total call value of 50,600,062,500 versus a total put value of 313,218,750 Combined total value = 50,913,281,250
Strike 187.5 has a total call value of 60,525,562,500 versus a total put value of 205,968,750 Combined total value = 60,731,531,250
Strike 190 has a total call value of 70,496,156,250 versus a total put value of 102,375,000 Combined total value = 70,598,531,250
Strike 192.5 has a total call value of 81,518,531,250 versus a total put value of 76,781,250 Combined total value = 81,595,312,500
Strike 195 has a total call value of 92,690,812,500 versus a total put value of 51,187,500 Combined total value = 92,742,000,000
Strike 197.5 has a total call value of 104,123,906,250 versus a total put value of 25,593,750 Combined total value = 104,149,500,000
Strike 200 has a total call value of 115,557,000,000 versus a total put value of 0 Combined total value = 115,557,000,000
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.