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IRCTC
INDIAN RAIL TOUR CORP LTD

762.1 12.55 (1.67%)


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



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.