IRCTC
INDIAN RAIL TOUR CORP LTD
Max pain for IRCTC
11 Dec 2023 04:16 PM IST
Max Pain for IRCTC is 740
Strike 600 has a total call value of 0 versus a total put value of 102,052,125,000 Combined total value = 102,052,125,000
Strike 605 has a total call value of 0 versus a total put value of 97,360,812,500 Combined total value = 97,360,812,500
Strike 610 has a total call value of 437,500 versus a total put value of 92,670,375,000 Combined total value = 92,670,812,500
Strike 615 has a total call value of 875,000 versus a total put value of 87,995,687,500 Combined total value = 87,996,562,500
Strike 620 has a total call value of 1,312,500 versus a total put value of 83,321,000,000 Combined total value = 83,322,312,500
Strike 625 has a total call value of 1,750,000 versus a total put value of 78,791,125,000 Combined total value = 78,792,875,000
Strike 630 has a total call value of 2,187,500 versus a total put value of 74,261,250,000 Combined total value = 74,263,437,500
Strike 635 has a total call value of 2,625,000 versus a total put value of 69,778,625,000 Combined total value = 69,781,250,000
Strike 640 has a total call value of 3,062,500 versus a total put value of 65,296,000,000 Combined total value = 65,299,062,500
Strike 645 has a total call value of 3,500,000 versus a total put value of 60,900,875,000 Combined total value = 60,904,375,000
Strike 650 has a total call value of 3,937,500 versus a total put value of 56,505,750,000 Combined total value = 56,509,687,500
Strike 655 has a total call value of 25,375,000 versus a total put value of 52,440,062,500 Combined total value = 52,465,437,500
Strike 660 has a total call value of 46,812,500 versus a total put value of 48,381,375,000 Combined total value = 48,428,187,500
Strike 665 has a total call value of 68,250,000 versus a total put value of 44,473,187,500 Combined total value = 44,541,437,500
Strike 670 has a total call value of 89,687,500 versus a total put value of 40,576,375,000 Combined total value = 40,666,062,500
Strike 675 has a total call value of 113,750,000 versus a total put value of 36,834,437,500 Combined total value = 36,948,187,500
Strike 680 has a total call value of 137,812,500 versus a total put value of 33,118,312,500 Combined total value = 33,256,125,000
Strike 685 has a total call value of 167,562,500 versus a total put value of 29,706,687,500 Combined total value = 29,874,250,000
Strike 690 has a total call value of 197,312,500 versus a total put value of 26,340,562,500 Combined total value = 26,537,875,000
Strike 695 has a total call value of 241,062,500 versus a total put value of 23,163,437,500 Combined total value = 23,404,500,000
Strike 700 has a total call value of 284,812,500 versus a total put value of 20,040,562,500 Combined total value = 20,325,375,000
Strike 705 has a total call value of 466,375,000 versus a total put value of 17,552,500,000 Combined total value = 18,018,875,000
Strike 710 has a total call value of 668,937,500 versus a total put value of 15,113,000,000 Combined total value = 15,781,937,500
Strike 715 has a total call value of 1,131,375,000 versus a total put value of 12,995,500,000 Combined total value = 14,126,875,000
Strike 720 has a total call value of 1,630,125,000 versus a total put value of 10,920,437,500 Combined total value = 12,550,562,500
Strike 725 has a total call value of 2,473,187,500 versus a total put value of 9,209,812,500 Combined total value = 11,683,000,000
Strike 730 has a total call value of 3,356,062,500 versus a total put value of 7,568,750,000 Combined total value = 10,924,812,500
Strike 735 has a total call value of 4,424,437,500 versus a total put value of 6,119,312,500 Combined total value = 10,543,750,000
Strike 740 has a total call value of 5,520,375,000 versus a total put value of 4,728,500,000 Combined total value = 10,248,875,000
Strike 745 has a total call value of 6,839,000,000 versus a total put value of 3,489,500,000 Combined total value = 10,328,500,000
Strike 750 has a total call value of 8,224,125,000 versus a total put value of 2,300,812,500 Combined total value = 10,524,937,500
Strike 755 has a total call value of 10,606,750,000 versus a total put value of 1,760,937,500 Combined total value = 12,367,687,500
Strike 760 has a total call value of 13,110,125,000 versus a total put value of 1,250,812,500 Combined total value = 14,360,937,500
Strike 765 has a total call value of 16,215,937,500 versus a total put value of 941,062,500 Combined total value = 17,157,000,000
Strike 770 has a total call value of 19,532,187,500 versus a total put value of 715,312,500 Combined total value = 20,247,500,000
Strike 775 has a total call value of 23,266,687,500 versus a total put value of 573,562,500 Combined total value = 23,840,250,000
Strike 780 has a total call value of 27,055,000,000 versus a total put value of 446,250,000 Combined total value = 27,501,250,000
Strike 785 has a total call value of 31,419,500,000 versus a total put value of 332,937,500 Combined total value = 31,752,437,500
Strike 790 has a total call value of 35,807,625,000 versus a total put value of 222,250,000 Combined total value = 36,029,875,000
Strike 795 has a total call value of 40,345,812,500 versus a total put value of 111,562,500 Combined total value = 40,457,375,000
Strike 800 has a total call value of 44,914,625,000 versus a total put value of 10,500,000 Combined total value = 44,925,125,000
Strike 805 has a total call value of 50,739,500,000 versus a total put value of 7,875,000 Combined total value = 50,747,375,000
Strike 810 has a total call value of 56,619,937,500 versus a total put value of 5,250,000 Combined total value = 56,625,187,500
Strike 815 has a total call value of 62,626,812,500 versus a total put value of 2,625,000 Combined total value = 62,629,437,500
Strike 820 has a total call value of 68,728,187,500 versus a total put value of 0 Combined total value = 68,728,187,500
Strike 825 has a total call value of 75,449,500,000 versus a total put value of 0 Combined total value = 75,449,500,000
Strike 830 has a total call value of 82,207,562,500 versus a total put value of 0 Combined total value = 82,207,562,500
Strike 835 has a total call value of 89,069,750,000 versus a total put value of 0 Combined total value = 89,069,750,000
Strike 840 has a total call value of 95,951,625,000 versus a total put value of 0 Combined total value = 95,951,625,000
Strike 845 has a total call value of 103,132,312,500 versus a total put value of 0 Combined total value = 103,132,312,500
Strike 850 has a total call value of 110,322,187,500 versus a total put value of 0 Combined total value = 110,322,187,500
Strike 855 has a total call value of 117,761,437,500 versus a total put value of 0 Combined total value = 117,761,437,500
Strike 860 has a total call value of 125,258,875,000 versus a total put value of 0 Combined total value = 125,258,875,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.