IOC
Indian Oil Corp Ltd
Max pain for IOC
06 Sep 2024 04:12 PM IST
Max Pain for IOC is 177.5
Strike 133 has a total call value of 0 versus a total put value of 216,950,175,000 Combined total value = 216,950,175,000
Strike 135 has a total call value of 0 versus a total put value of 205,803,975,000 Combined total value = 205,803,975,000
Strike 137.5 has a total call value of 0 versus a total put value of 191,871,225,000 Combined total value = 191,871,225,000
Strike 138 has a total call value of 0 versus a total put value of 189,084,675,000 Combined total value = 189,084,675,000
Strike 140 has a total call value of 0 versus a total put value of 177,938,475,000 Combined total value = 177,938,475,000
Strike 142.5 has a total call value of 0 versus a total put value of 164,137,350,000 Combined total value = 164,137,350,000
Strike 143 has a total call value of 0 versus a total put value of 161,377,125,000 Combined total value = 161,377,125,000
Strike 145 has a total call value of 0 versus a total put value of 150,336,225,000 Combined total value = 150,336,225,000
Strike 147.5 has a total call value of 0 versus a total put value of 136,535,100,000 Combined total value = 136,535,100,000
Strike 148 has a total call value of 0 versus a total put value of 133,774,875,000 Combined total value = 133,774,875,000
Strike 150 has a total call value of 0 versus a total put value of 122,733,975,000 Combined total value = 122,733,975,000
Strike 152.5 has a total call value of 0 versus a total put value of 109,332,600,000 Combined total value = 109,332,600,000
Strike 153 has a total call value of 0 versus a total put value of 106,661,587,500 Combined total value = 106,661,587,500
Strike 155 has a total call value of 0 versus a total put value of 95,977,537,500 Combined total value = 95,977,537,500
Strike 157.5 has a total call value of 0 versus a total put value of 83,040,506,250 Combined total value = 83,040,506,250
Strike 158 has a total call value of 0 versus a total put value of 80,533,537,500 Combined total value = 80,533,537,500
Strike 160 has a total call value of 0 versus a total put value of 70,505,662,500 Combined total value = 70,505,662,500
Strike 162.5 has a total call value of 208,406,250 versus a total put value of 59,341,912,500 Combined total value = 59,550,318,750
Strike 163 has a total call value of 250,818,750 versus a total put value of 57,166,200,000 Combined total value = 57,417,018,750
Strike 165 has a total call value of 432,168,750 versus a total put value of 48,603,750,000 Combined total value = 49,035,918,750
Strike 167.5 has a total call value of 875,793,750 versus a total put value of 38,928,093,750 Combined total value = 39,803,887,500
Strike 168 has a total call value of 975,731,250 versus a total put value of 37,064,381,250 Combined total value = 38,040,112,500
Strike 170 has a total call value of 1,375,481,250 versus a total put value of 29,609,531,250 Combined total value = 30,985,012,500
Strike 172.5 has a total call value of 3,358,387,500 versus a total put value of 21,920,437,500 Combined total value = 25,278,825,000
Strike 173 has a total call value of 3,781,781,250 versus a total put value of 20,438,437,500 Combined total value = 24,220,218,750
Strike 175 has a total call value of 5,523,131,250 versus a total put value of 14,510,437,500 Combined total value = 20,033,568,750
Strike 177.5 has a total call value of 10,498,068,750 versus a total put value of 9,339,281,250 Combined total value = 19,837,350,000
Strike 178 has a total call value of 11,649,543,750 versus a total put value of 8,552,700,000 Combined total value = 20,202,243,750
Strike 180 has a total call value of 16,255,443,750 versus a total put value of 5,406,375,000 Combined total value = 21,661,818,750
Strike 182.5 has a total call value of 26,087,100,000 versus a total put value of 3,418,593,750 Combined total value = 29,505,693,750
Strike 183 has a total call value of 28,354,218,750 versus a total put value of 3,096,112,500 Combined total value = 31,450,331,250
Strike 185 has a total call value of 37,422,693,750 versus a total put value of 1,806,187,500 Combined total value = 39,228,881,250
Strike 187.5 has a total call value of 51,867,318,750 versus a total put value of 949,406,250 Combined total value = 52,816,725,000
Strike 188 has a total call value of 54,835,950,000 versus a total put value of 843,618,750 Combined total value = 55,679,568,750
Strike 190 has a total call value of 66,710,475,000 versus a total put value of 420,468,750 Combined total value = 67,130,943,750
Strike 192.5 has a total call value of 84,448,162,500 versus a total put value of 279,093,750 Combined total value = 84,727,256,250
Strike 193 has a total call value of 88,067,118,750 versus a total put value of 255,450,000 Combined total value = 88,322,568,750
Strike 195 has a total call value of 102,542,943,750 versus a total put value of 160,875,000 Combined total value = 102,703,818,750
Strike 197.5 has a total call value of 122,070,975,000 versus a total put value of 80,437,500 Combined total value = 122,151,412,500
Strike 198 has a total call value of 126,021,187,500 versus a total put value of 64,350,000 Combined total value = 126,085,537,500
Strike 200 has a total call value of 141,822,037,500 versus a total put value of 0 Combined total value = 141,822,037,500
Strike 202.5 has a total call value of 164,292,131,250 versus a total put value of 0 Combined total value = 164,292,131,250
Strike 203 has a total call value of 168,786,150,000 versus a total put value of 0 Combined total value = 168,786,150,000
Strike 205 has a total call value of 186,762,225,000 versus a total put value of 0 Combined total value = 186,762,225,000
Strike 207.5 has a total call value of 209,810,006,250 versus a total put value of 0 Combined total value = 209,810,006,250
Strike 210 has a total call value of 232,857,787,500 versus a total put value of 0 Combined total value = 232,857,787,500
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.