IOC
Indian Oil Corp Ltd
Max pain for IOC
18 Oct 2024 02:02 PM IST
Max Pain for IOC is 170
Strike 140 has a total call value of 0 versus a total put value of 148,597,312,500 Combined total value = 148,597,312,500
Strike 142.5 has a total call value of 0 versus a total put value of 134,770,593,750 Combined total value = 134,770,593,750
Strike 145 has a total call value of 0 versus a total put value of 120,943,875,000 Combined total value = 120,943,875,000
Strike 147.5 has a total call value of 0 versus a total put value of 107,267,062,500 Combined total value = 107,267,062,500
Strike 150 has a total call value of 0 versus a total put value of 93,731,625,000 Combined total value = 93,731,625,000
Strike 152.5 has a total call value of 46,312,500 versus a total put value of 81,154,125,000 Combined total value = 81,200,437,500
Strike 155 has a total call value of 114,562,500 versus a total put value of 68,713,125,000 Combined total value = 68,827,687,500
Strike 157.5 has a total call value of 271,781,250 versus a total put value of 57,004,593,750 Combined total value = 57,276,375,000
Strike 160 has a total call value of 566,718,750 versus a total put value of 45,754,312,500 Combined total value = 46,321,031,250
Strike 162.5 has a total call value of 1,641,656,250 versus a total put value of 36,210,281,250 Combined total value = 37,851,937,500
Strike 165 has a total call value of 3,043,218,750 versus a total put value of 27,435,281,250 Combined total value = 30,478,500,000
Strike 167.5 has a total call value of 6,689,718,750 versus a total put value of 20,588,343,750 Combined total value = 27,278,062,500
Strike 170 has a total call value of 11,286,843,750 versus a total put value of 14,384,906,250 Combined total value = 25,671,750,000
Strike 172.5 has a total call value of 20,698,031,250 versus a total put value of 10,353,281,250 Combined total value = 31,051,312,500
Strike 175 has a total call value of 31,192,687,500 versus a total put value of 6,793,312,500 Combined total value = 37,986,000,000
Strike 177.5 has a total call value of 44,963,343,750 versus a total put value of 4,444,781,250 Combined total value = 49,408,125,000
Strike 180 has a total call value of 59,745,562,500 versus a total put value of 2,403,375,000 Combined total value = 62,148,937,500
Strike 182.5 has a total call value of 79,545,375,000 versus a total put value of 1,681,875,000 Combined total value = 81,227,250,000
Strike 185 has a total call value of 100,589,531,250 versus a total put value of 960,375,000 Combined total value = 101,549,906,250
Strike 187.5 has a total call value of 123,748,218,750 versus a total put value of 498,468,750 Combined total value = 124,246,687,500
Strike 190 has a total call value of 147,292,031,250 versus a total put value of 175,500,000 Combined total value = 147,467,531,250
Strike 192.5 has a total call value of 173,729,156,250 versus a total put value of 131,625,000 Combined total value = 173,860,781,250
Strike 195 has a total call value of 200,305,218,750 versus a total put value of 87,750,000 Combined total value = 200,392,968,750
Strike 197.5 has a total call value of 227,465,062,500 versus a total put value of 43,875,000 Combined total value = 227,508,937,500
Strike 200 has a total call value of 254,740,687,500 versus a total put value of 0 Combined total value = 254,740,687,500
Strike 202.5 has a total call value of 286,353,843,750 versus a total put value of 0 Combined total value = 286,353,843,750
Strike 205 has a total call value of 317,967,000,000 versus a total put value of 0 Combined total value = 317,967,000,000
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.
