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ITC
ITC LTD

431.15 0.85 (0.20%)

Max pain for ITC

14 Jun 2024 04:06 PM IST

Max Pain for ITC is 430  



Strike  355  has a total call value of 0  versus a total put value of  175,005,600,000 Combined total value = 175,005,600,000

Strike  357.5  has a total call value of 0  versus a total put value of  168,500,400,000 Combined total value = 168,500,400,000

Strike  360  has a total call value of 0  versus a total put value of  161,995,200,000 Combined total value = 161,995,200,000

Strike  362.5  has a total call value of 0  versus a total put value of  155,490,000,000 Combined total value = 155,490,000,000

Strike  365  has a total call value of 0  versus a total put value of  148,984,800,000 Combined total value = 148,984,800,000

Strike  367.5  has a total call value of 0  versus a total put value of  142,587,200,000 Combined total value = 142,587,200,000

Strike  370  has a total call value of 0  versus a total put value of  136,189,600,000 Combined total value = 136,189,600,000

Strike  372.5  has a total call value of 0  versus a total put value of  129,922,000,000 Combined total value = 129,922,000,000

Strike  375  has a total call value of 0  versus a total put value of  123,654,400,000 Combined total value = 123,654,400,000

Strike  377.5  has a total call value of 0  versus a total put value of  117,386,800,000 Combined total value = 117,386,800,000

Strike  380  has a total call value of 0  versus a total put value of  111,119,200,000 Combined total value = 111,119,200,000

Strike  382.5  has a total call value of 0  versus a total put value of  105,183,600,000 Combined total value = 105,183,600,000

Strike  385  has a total call value of 0  versus a total put value of  99,248,000,000 Combined total value = 99,248,000,000

Strike  387.5  has a total call value of 0  versus a total put value of  93,376,000,000 Combined total value = 93,376,000,000

Strike  390  has a total call value of 0  versus a total put value of  87,504,000,000 Combined total value = 87,504,000,000

Strike  392.5  has a total call value of 0  versus a total put value of  81,782,000,000 Combined total value = 81,782,000,000

Strike  395  has a total call value of 0  versus a total put value of  76,060,000,000 Combined total value = 76,060,000,000

Strike  397.5  has a total call value of 0  versus a total put value of  70,388,800,000 Combined total value = 70,388,800,000

Strike  400  has a total call value of 0  versus a total put value of  64,728,400,000 Combined total value = 64,728,400,000

Strike  402.5  has a total call value of 101,600,000  versus a total put value of  59,690,000,000 Combined total value = 59,791,600,000

Strike  405  has a total call value of 203,200,000  versus a total put value of  54,651,600,000 Combined total value = 54,854,800,000

Strike  407.5  has a total call value of 318,400,000  versus a total put value of  49,695,200,000 Combined total value = 50,013,600,000

Strike  410  has a total call value of 433,600,000  versus a total put value of  44,757,600,000 Combined total value = 45,191,200,000

Strike  412.5  has a total call value of 596,000,000  versus a total put value of  40,167,600,000 Combined total value = 40,763,600,000

Strike  415  has a total call value of 776,800,000  versus a total put value of  35,618,000,000 Combined total value = 36,394,800,000

Strike  417.5  has a total call value of 988,800,000  versus a total put value of  31,256,400,000 Combined total value = 32,245,200,000

Strike  420  has a total call value of 1,226,800,000  versus a total put value of  26,972,800,000 Combined total value = 28,199,600,000

Strike  422.5  has a total call value of 1,763,200,000  versus a total put value of  23,395,200,000 Combined total value = 25,158,400,000

Strike  425  has a total call value of 2,348,000,000  versus a total put value of  19,868,400,000 Combined total value = 22,216,400,000

Strike  427.5  has a total call value of 3,151,200,000  versus a total put value of  16,652,000,000 Combined total value = 19,803,200,000

Strike  430  has a total call value of 4,068,800,000  versus a total put value of  13,528,400,000 Combined total value = 17,597,200,000

Strike  432.5  has a total call value of 6,870,400,000  versus a total put value of  11,622,400,000 Combined total value = 18,492,800,000

Strike  435  has a total call value of 9,948,000,000  versus a total put value of  9,824,000,000 Combined total value = 19,772,000,000

Strike  437.5  has a total call value of 14,796,000,000  versus a total put value of  8,393,200,000 Combined total value = 23,189,200,000

Strike  440  has a total call value of 20,026,800,000  versus a total put value of  7,048,400,000 Combined total value = 27,075,200,000

Strike  442.5  has a total call value of 29,327,200,000  versus a total put value of  6,176,000,000 Combined total value = 35,503,200,000

Strike  445  has a total call value of 38,835,200,000  versus a total put value of  5,356,400,000 Combined total value = 44,191,600,000

Strike  447.5  has a total call value of 50,205,600,000  versus a total put value of  4,626,000,000 Combined total value = 54,831,600,000

Strike  450  has a total call value of 61,925,200,000  versus a total put value of  3,923,200,000 Combined total value = 65,848,400,000

Strike  452.5  has a total call value of 77,521,600,000  versus a total put value of  3,528,800,000 Combined total value = 81,050,400,000

Strike  455  has a total call value of 93,317,200,000  versus a total put value of  3,160,800,000 Combined total value = 96,478,000,000

Strike  457.5  has a total call value of 109,673,200,000  versus a total put value of  2,792,800,000 Combined total value = 112,466,000,000

Strike  460  has a total call value of 126,080,000,000  versus a total put value of  2,424,800,000 Combined total value = 128,504,800,000

Strike  462.5  has a total call value of 143,539,600,000  versus a total put value of  2,195,200,000 Combined total value = 145,734,800,000

Strike  465  has a total call value of 161,042,400,000  versus a total put value of  1,965,600,000 Combined total value = 163,008,000,000

Strike  467.5  has a total call value of 178,705,200,000  versus a total put value of  1,736,000,000 Combined total value = 180,441,200,000

Strike  470  has a total call value of 196,384,800,000  versus a total put value of  1,506,400,000 Combined total value = 197,891,200,000

Strike  472.5  has a total call value of 214,638,800,000  versus a total put value of  1,358,400,000 Combined total value = 215,997,200,000

Strike  475  has a total call value of 232,910,000,000  versus a total put value of  1,210,400,000 Combined total value = 234,120,400,000

Strike  477.5  has a total call value of 251,266,800,000  versus a total put value of  1,062,400,000 Combined total value = 252,329,200,000

Strike  480  has a total call value of 269,623,600,000  versus a total put value of  914,400,000 Combined total value = 270,538,000,000

Strike  482.5  has a total call value of 288,720,800,000  versus a total put value of  800,000,000 Combined total value = 289,520,800,000

Strike  485  has a total call value of 307,818,000,000  versus a total put value of  685,600,000 Combined total value = 308,503,600,000

Strike  487.5  has a total call value of 326,975,600,000  versus a total put value of  571,200,000 Combined total value = 327,546,800,000

Strike  490  has a total call value of 346,133,200,000  versus a total put value of  456,800,000 Combined total value = 346,590,000,000

Strike  492.5  has a total call value of 365,615,200,000  versus a total put value of  342,400,000 Combined total value = 365,957,600,000

Strike  495  has a total call value of 385,097,200,000  versus a total put value of  228,000,000 Combined total value = 385,325,200,000

Strike  497.5  has a total call value of 404,615,600,000  versus a total put value of  113,600,000 Combined total value = 404,729,200,000

Strike  500  has a total call value of 424,134,000,000  versus a total put value of  0 Combined total value = 424,134,000,000

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.