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IRCTC
INDIAN RAIL TOUR CORP LTD

968.4 3.55 (0.37%)


Strike  700  has a total call value of 0  versus a total put value of  146,251,437,500 Combined total value = 146,251,437,500

Strike  705  has a total call value of 0  versus a total put value of  142,947,000,000 Combined total value = 142,947,000,000

Strike  710  has a total call value of 0  versus a total put value of  139,642,562,500 Combined total value = 139,642,562,500

Strike  715  has a total call value of 0  versus a total put value of  136,338,125,000 Combined total value = 136,338,125,000

Strike  720  has a total call value of 0  versus a total put value of  133,033,687,500 Combined total value = 133,033,687,500

Strike  725  has a total call value of 0  versus a total put value of  129,729,250,000 Combined total value = 129,729,250,000

Strike  730  has a total call value of 0  versus a total put value of  126,443,187,500 Combined total value = 126,443,187,500

Strike  735  has a total call value of 0  versus a total put value of  123,157,125,000 Combined total value = 123,157,125,000

Strike  740  has a total call value of 0  versus a total put value of  119,871,062,500 Combined total value = 119,871,062,500

Strike  745  has a total call value of 0  versus a total put value of  116,585,000,000 Combined total value = 116,585,000,000

Strike  750  has a total call value of 0  versus a total put value of  113,298,937,500 Combined total value = 113,298,937,500

Strike  755  has a total call value of 0  versus a total put value of  110,135,375,000 Combined total value = 110,135,375,000

Strike  760  has a total call value of 0  versus a total put value of  106,971,812,500 Combined total value = 106,971,812,500

Strike  765  has a total call value of 0  versus a total put value of  103,808,250,000 Combined total value = 103,808,250,000

Strike  770  has a total call value of 0  versus a total put value of  100,644,687,500 Combined total value = 100,644,687,500

Strike  775  has a total call value of 0  versus a total put value of  97,481,125,000 Combined total value = 97,481,125,000

Strike  780  has a total call value of 0  versus a total put value of  94,317,562,500 Combined total value = 94,317,562,500

Strike  785  has a total call value of 0  versus a total put value of  91,170,625,000 Combined total value = 91,170,625,000

Strike  790  has a total call value of 0  versus a total put value of  88,023,687,500 Combined total value = 88,023,687,500

Strike  795  has a total call value of 0  versus a total put value of  84,876,750,000 Combined total value = 84,876,750,000

Strike  800  has a total call value of 0  versus a total put value of  81,729,812,500 Combined total value = 81,729,812,500

Strike  805  has a total call value of 0  versus a total put value of  78,720,687,500 Combined total value = 78,720,687,500

Strike  810  has a total call value of 0  versus a total put value of  75,711,562,500 Combined total value = 75,711,562,500

Strike  815  has a total call value of 0  versus a total put value of  72,704,187,500 Combined total value = 72,704,187,500

Strike  820  has a total call value of 0  versus a total put value of  69,696,812,500 Combined total value = 69,696,812,500

Strike  825  has a total call value of 0  versus a total put value of  66,715,687,500 Combined total value = 66,715,687,500

Strike  830  has a total call value of 0  versus a total put value of  63,734,562,500 Combined total value = 63,734,562,500

Strike  835  has a total call value of 0  versus a total put value of  60,808,562,500 Combined total value = 60,808,562,500

Strike  840  has a total call value of 0  versus a total put value of  57,882,562,500 Combined total value = 57,882,562,500

Strike  845  has a total call value of 0  versus a total put value of  55,016,937,500 Combined total value = 55,016,937,500

Strike  850  has a total call value of 0  versus a total put value of  52,151,312,500 Combined total value = 52,151,312,500

Strike  855  has a total call value of 14,000,000  versus a total put value of  49,422,187,500 Combined total value = 49,436,187,500

Strike  860  has a total call value of 28,437,500  versus a total put value of  46,697,437,500 Combined total value = 46,725,875,000

Strike  865  has a total call value of 42,875,000  versus a total put value of  44,007,250,000 Combined total value = 44,050,125,000

Strike  870  has a total call value of 57,312,500  versus a total put value of  41,327,562,500 Combined total value = 41,384,875,000

Strike  875  has a total call value of 71,750,000  versus a total put value of  38,684,187,500 Combined total value = 38,755,937,500

Strike  880  has a total call value of 86,187,500  versus a total put value of  36,049,125,000 Combined total value = 36,135,312,500

Strike  885  has a total call value of 111,562,500  versus a total put value of  33,478,375,000 Combined total value = 33,589,937,500

Strike  890  has a total call value of 136,937,500  versus a total put value of  30,910,687,500 Combined total value = 31,047,625,000

Strike  895  has a total call value of 166,250,000  versus a total put value of  28,366,187,500 Combined total value = 28,532,437,500

Strike  900  has a total call value of 207,375,000  versus a total put value of  25,875,500,000 Combined total value = 26,082,875,000

Strike  905  has a total call value of 397,687,500  versus a total put value of  23,800,875,000 Combined total value = 24,198,562,500

Strike  910  has a total call value of 614,250,000  versus a total put value of  21,753,375,000 Combined total value = 22,367,625,000

Strike  915  has a total call value of 856,625,000  versus a total put value of  19,765,375,000 Combined total value = 20,622,000,000

Strike  920  has a total call value of 1,105,562,500  versus a total put value of  17,801,437,500 Combined total value = 18,907,000,000

Strike  925  has a total call value of 1,512,437,500  versus a total put value of  16,027,375,000 Combined total value = 17,539,812,500

Strike  930  has a total call value of 1,928,937,500  versus a total put value of  14,291,375,000 Combined total value = 16,220,312,500

Strike  935  has a total call value of 2,389,187,500  versus a total put value of  12,659,062,500 Combined total value = 15,048,250,000

Strike  940  has a total call value of 2,860,375,000  versus a total put value of  11,063,937,500 Combined total value = 13,924,312,500

Strike  945  has a total call value of 3,393,687,500  versus a total put value of  9,732,625,000 Combined total value = 13,126,312,500

Strike  950  has a total call value of 3,949,312,500  versus a total put value of  8,443,312,500 Combined total value = 12,392,625,000

Strike  955  has a total call value of 4,864,562,500  versus a total put value of  7,384,125,000 Combined total value = 12,248,687,500

Strike  960  has a total call value of 5,799,062,500  versus a total put value of  6,370,000,000 Combined total value = 12,169,062,500

Strike  965  has a total call value of 7,032,375,000  versus a total put value of  5,505,937,500 Combined total value = 12,538,312,500

Strike  970  has a total call value of 8,329,125,000  versus a total put value of  4,697,000,000 Combined total value = 13,026,125,000

Strike  975  has a total call value of 9,930,375,000  versus a total put value of  4,086,250,000 Combined total value = 14,016,625,000

Strike  980  has a total call value of 11,612,562,500  versus a total put value of  3,514,000,000 Combined total value = 15,126,562,500

Strike  990  has a total call value of 15,998,937,500  versus a total put value of  2,773,750,000 Combined total value = 18,772,687,500

Strike  1000  has a total call value of 21,002,187,500  versus a total put value of  2,144,625,000 Combined total value = 23,146,812,500

Strike  1010  has a total call value of 30,145,062,500  versus a total put value of  1,785,000,000 Combined total value = 31,930,062,500

Strike  1020  has a total call value of 39,830,437,500  versus a total put value of  1,432,375,000 Combined total value = 41,262,812,500

Strike  1030  has a total call value of 50,282,312,500  versus a total put value of  1,106,000,000 Combined total value = 51,388,312,500

Strike  1040  has a total call value of 61,286,312,500  versus a total put value of  876,750,000 Combined total value = 62,163,062,500

Strike  1050  has a total call value of 72,873,062,500  versus a total put value of  647,500,000 Combined total value = 73,520,562,500

Strike  1060  has a total call value of 85,743,437,500  versus a total put value of  518,000,000 Combined total value = 86,261,437,500

Strike  1070  has a total call value of 98,896,437,500  versus a total put value of  388,500,000 Combined total value = 99,284,937,500

Strike  1080  has a total call value of 112,228,812,500  versus a total put value of  259,000,000 Combined total value = 112,487,812,500

Strike  1090  has a total call value of 125,815,812,500  versus a total put value of  129,500,000 Combined total value = 125,945,312,500

Strike  1100  has a total call value of 139,572,562,500  versus a total put value of  0 Combined total value = 139,572,562,500

Strike  1110  has a total call value of 155,602,562,500  versus a total put value of  0 Combined total value = 155,602,562,500

Strike  1120  has a total call value of 171,873,187,500  versus a total put value of  0 Combined total value = 171,873,187,500

Strike  1130  has a total call value of 188,363,437,500  versus a total put value of  0 Combined total value = 188,363,437,500

Strike  1140  has a total call value of 204,921,937,500  versus a total put value of  0 Combined total value = 204,921,937,500

Strike  1150  has a total call value of 221,722,812,500  versus a total put value of  0 Combined total value = 221,722,812,500

Strike  1160  has a total call value of 238,591,062,500  versus a total put value of  0 Combined total value = 238,591,062,500

Strike  1170  has a total call value of 255,553,812,500  versus a total put value of  0 Combined total value = 255,553,812,500

Strike  1180  has a total call value of 272,516,562,500  versus a total put value of  0 Combined total value = 272,516,562,500

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.