IOC
Indian Oil Corp Ltd
Max pain for IOC
16 Sep 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 209,184,787,500 Combined total value = 209,184,787,500
Strike 135 has a total call value of 0 versus a total put value of 198,154,612,500 Combined total value = 198,154,612,500
Strike 137.5 has a total call value of 0 versus a total put value of 184,366,893,750 Combined total value = 184,366,893,750
Strike 138 has a total call value of 0 versus a total put value of 181,609,350,000 Combined total value = 181,609,350,000
Strike 140 has a total call value of 0 versus a total put value of 170,579,175,000 Combined total value = 170,579,175,000
Strike 142.5 has a total call value of 0 versus a total put value of 156,951,112,500 Combined total value = 156,951,112,500
Strike 143 has a total call value of 0 versus a total put value of 154,225,500,000 Combined total value = 154,225,500,000
Strike 145 has a total call value of 0 versus a total put value of 143,323,050,000 Combined total value = 143,323,050,000
Strike 147.5 has a total call value of 0 versus a total put value of 129,694,987,500 Combined total value = 129,694,987,500
Strike 148 has a total call value of 0 versus a total put value of 126,969,375,000 Combined total value = 126,969,375,000
Strike 150 has a total call value of 0 versus a total put value of 116,066,925,000 Combined total value = 116,066,925,000
Strike 152.5 has a total call value of 0 versus a total put value of 102,905,643,750 Combined total value = 102,905,643,750
Strike 153 has a total call value of 0 versus a total put value of 100,273,387,500 Combined total value = 100,273,387,500
Strike 155 has a total call value of 0 versus a total put value of 89,744,362,500 Combined total value = 89,744,362,500
Strike 157.5 has a total call value of 0 versus a total put value of 76,981,612,500 Combined total value = 76,981,612,500
Strike 158 has a total call value of 0 versus a total put value of 74,511,693,750 Combined total value = 74,511,693,750
Strike 160 has a total call value of 0 versus a total put value of 64,632,018,750 Combined total value = 64,632,018,750
Strike 162.5 has a total call value of 170,625,000 versus a total put value of 53,673,018,750 Combined total value = 53,843,643,750
Strike 163 has a total call value of 205,968,750 versus a total put value of 51,554,587,500 Combined total value = 51,760,556,250
Strike 165 has a total call value of 359,043,750 versus a total put value of 43,214,437,500 Combined total value = 43,573,481,250
Strike 167.5 has a total call value of 784,387,500 versus a total put value of 33,889,781,250 Combined total value = 34,674,168,750
Strike 168 has a total call value of 891,637,500 versus a total put value of 32,143,068,750 Combined total value = 33,034,706,250
Strike 170 has a total call value of 1,320,637,500 versus a total put value of 25,156,218,750 Combined total value = 26,476,856,250
Strike 172.5 has a total call value of 2,869,668,750 versus a total put value of 18,220,312,500 Combined total value = 21,089,981,250
Strike 173 has a total call value of 3,260,400,000 versus a total put value of 16,941,356,250 Combined total value = 20,201,756,250
Strike 175 has a total call value of 4,957,875,000 versus a total put value of 11,825,531,250 Combined total value = 16,783,406,250
Strike 177.5 has a total call value of 10,458,093,750 versus a total put value of 7,491,656,250 Combined total value = 17,949,750,000
Strike 178 has a total call value of 11,917,912,500 versus a total put value of 6,857,906,250 Combined total value = 18,775,818,750
Strike 180 has a total call value of 17,757,187,500 versus a total put value of 4,322,906,250 Combined total value = 22,080,093,750
Strike 182.5 has a total call value of 30,032,437,500 versus a total put value of 2,717,812,500 Combined total value = 32,750,250,000
Strike 183 has a total call value of 32,685,412,500 versus a total put value of 2,454,562,500 Combined total value = 35,139,975,000
Strike 185 has a total call value of 43,297,312,500 versus a total put value of 1,401,562,500 Combined total value = 44,698,875,000
Strike 187.5 has a total call value of 59,234,906,250 versus a total put value of 686,156,250 Combined total value = 59,921,062,500
Strike 188 has a total call value of 62,524,556,250 versus a total put value of 608,400,000 Combined total value = 63,132,956,250
Strike 190 has a total call value of 75,683,156,250 versus a total put value of 297,375,000 Combined total value = 75,980,531,250
Strike 192.5 has a total call value of 94,624,968,750 versus a total put value of 223,031,250 Combined total value = 94,848,000,000
Strike 193 has a total call value of 98,540,325,000 versus a total put value of 208,162,500 Combined total value = 98,748,487,500
Strike 195 has a total call value of 114,201,750,000 versus a total put value of 148,687,500 Combined total value = 114,350,437,500
Strike 197.5 has a total call value of 134,645,062,500 versus a total put value of 74,343,750 Combined total value = 134,719,406,250
Strike 198 has a total call value of 138,765,900,000 versus a total put value of 59,475,000 Combined total value = 138,825,375,000
Strike 200 has a total call value of 155,249,250,000 versus a total put value of 0 Combined total value = 155,249,250,000
Strike 202.5 has a total call value of 178,115,437,500 versus a total put value of 0 Combined total value = 178,115,437,500
Strike 203 has a total call value of 182,688,675,000 versus a total put value of 0 Combined total value = 182,688,675,000
Strike 205 has a total call value of 200,981,625,000 versus a total put value of 0 Combined total value = 200,981,625,000
Strike 207.5 has a total call value of 224,407,218,750 versus a total put value of 0 Combined total value = 224,407,218,750
Strike 210 has a total call value of 247,832,812,500 versus a total put value of 0 Combined total value = 247,832,812,500
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.