ITC
ITC LTD
Max pain for ITC
29 Nov 2023 04:16 PM IST
Max Pain for ITC is 440
Strike 380 has a total call value of 0 versus a total put value of 62,602,800,000 Combined total value = 62,602,800,000
Strike 382.5 has a total call value of 16,000,000 versus a total put value of 59,390,800,000 Combined total value = 59,406,800,000
Strike 385 has a total call value of 32,000,000 versus a total put value of 56,178,800,000 Combined total value = 56,210,800,000
Strike 387.5 has a total call value of 48,000,000 versus a total put value of 52,966,800,000 Combined total value = 53,014,800,000
Strike 390 has a total call value of 64,000,000 versus a total put value of 49,754,800,000 Combined total value = 49,818,800,000
Strike 392.5 has a total call value of 80,800,000 versus a total put value of 46,542,800,000 Combined total value = 46,623,600,000
Strike 395 has a total call value of 97,600,000 versus a total put value of 43,330,800,000 Combined total value = 43,428,400,000
Strike 397.5 has a total call value of 114,400,000 versus a total put value of 40,137,600,000 Combined total value = 40,252,000,000
Strike 400 has a total call value of 131,200,000 versus a total put value of 36,944,400,000 Combined total value = 37,075,600,000
Strike 402.5 has a total call value of 187,600,000 versus a total put value of 34,360,800,000 Combined total value = 34,548,400,000
Strike 405 has a total call value of 244,000,000 versus a total put value of 31,777,200,000 Combined total value = 32,021,200,000
Strike 407.5 has a total call value of 300,400,000 versus a total put value of 29,221,200,000 Combined total value = 29,521,600,000
Strike 410 has a total call value of 356,800,000 versus a total put value of 26,672,400,000 Combined total value = 27,029,200,000
Strike 412.5 has a total call value of 418,400,000 versus a total put value of 24,382,800,000 Combined total value = 24,801,200,000
Strike 415 has a total call value of 480,000,000 versus a total put value of 22,118,400,000 Combined total value = 22,598,400,000
Strike 417.5 has a total call value of 541,600,000 versus a total put value of 19,930,400,000 Combined total value = 20,472,000,000
Strike 420 has a total call value of 603,200,000 versus a total put value of 17,786,400,000 Combined total value = 18,389,600,000
Strike 422.5 has a total call value of 728,400,000 versus a total put value of 15,807,600,000 Combined total value = 16,536,000,000
Strike 425 has a total call value of 853,600,000 versus a total put value of 13,881,200,000 Combined total value = 14,734,800,000
Strike 427.5 has a total call value of 1,023,200,000 versus a total put value of 12,054,000,000 Combined total value = 13,077,200,000
Strike 430 has a total call value of 1,214,400,000 versus a total put value of 10,253,200,000 Combined total value = 11,467,600,000
Strike 432.5 has a total call value of 1,623,600,000 versus a total put value of 8,859,600,000 Combined total value = 10,483,200,000
Strike 435 has a total call value of 2,060,800,000 versus a total put value of 7,563,200,000 Combined total value = 9,624,000,000
Strike 437.5 has a total call value of 2,921,600,000 versus a total put value of 6,422,000,000 Combined total value = 9,343,600,000
Strike 440 has a total call value of 3,924,400,000 versus a total put value of 5,347,200,000 Combined total value = 9,271,600,000
Strike 442.5 has a total call value of 5,538,000,000 versus a total put value of 4,616,400,000 Combined total value = 10,154,400,000
Strike 445 has a total call value of 7,313,200,000 versus a total put value of 3,932,400,000 Combined total value = 11,245,600,000
Strike 447.5 has a total call value of 9,648,000,000 versus a total put value of 3,340,000,000 Combined total value = 12,988,000,000
Strike 450 has a total call value of 12,126,400,000 versus a total put value of 2,757,600,000 Combined total value = 14,884,000,000
Strike 452.5 has a total call value of 15,702,000,000 versus a total put value of 2,398,400,000 Combined total value = 18,100,400,000
Strike 455 has a total call value of 19,374,000,000 versus a total put value of 2,039,200,000 Combined total value = 21,413,200,000
Strike 457.5 has a total call value of 23,237,200,000 versus a total put value of 1,734,400,000 Combined total value = 24,971,600,000
Strike 460 has a total call value of 27,148,400,000 versus a total put value of 1,429,600,000 Combined total value = 28,578,000,000
Strike 462.5 has a total call value of 31,575,200,000 versus a total put value of 1,265,600,000 Combined total value = 32,840,800,000
Strike 465 has a total call value of 36,002,000,000 versus a total put value of 1,101,600,000 Combined total value = 37,103,600,000
Strike 467.5 has a total call value of 40,462,800,000 versus a total put value of 939,200,000 Combined total value = 41,402,000,000
Strike 470 has a total call value of 44,945,600,000 versus a total put value of 776,800,000 Combined total value = 45,722,400,000
Strike 472.5 has a total call value of 49,616,400,000 versus a total put value of 694,000,000 Combined total value = 50,310,400,000
Strike 475 has a total call value of 54,287,200,000 versus a total put value of 611,200,000 Combined total value = 54,898,400,000
Strike 477.5 has a total call value of 59,001,200,000 versus a total put value of 528,400,000 Combined total value = 59,529,600,000
Strike 480 has a total call value of 63,715,200,000 versus a total put value of 445,600,000 Combined total value = 64,160,800,000
Strike 482.5 has a total call value of 68,640,400,000 versus a total put value of 378,400,000 Combined total value = 69,018,800,000
Strike 485 has a total call value of 73,570,400,000 versus a total put value of 311,200,000 Combined total value = 73,881,600,000
Strike 487.5 has a total call value of 78,500,400,000 versus a total put value of 244,400,000 Combined total value = 78,744,800,000
Strike 490 has a total call value of 83,431,200,000 versus a total put value of 177,600,000 Combined total value = 83,608,800,000
Strike 492.5 has a total call value of 88,397,600,000 versus a total put value of 136,400,000 Combined total value = 88,534,000,000
Strike 495 has a total call value of 93,364,000,000 versus a total put value of 95,200,000 Combined total value = 93,459,200,000
Strike 497.5 has a total call value of 98,330,400,000 versus a total put value of 56,400,000 Combined total value = 98,386,800,000
Strike 500 has a total call value of 103,296,800,000 versus a total put value of 17,600,000 Combined total value = 103,314,400,000
Strike 502.5 has a total call value of 108,614,000,000 versus a total put value of 15,600,000 Combined total value = 108,629,600,000
Strike 505 has a total call value of 113,931,200,000 versus a total put value of 13,600,000 Combined total value = 113,944,800,000
Strike 507.5 has a total call value of 119,248,400,000 versus a total put value of 11,600,000 Combined total value = 119,260,000,000
Strike 510 has a total call value of 124,565,600,000 versus a total put value of 9,600,000 Combined total value = 124,575,200,000
Strike 512.5 has a total call value of 129,893,600,000 versus a total put value of 8,000,000 Combined total value = 129,901,600,000
Strike 515 has a total call value of 135,221,600,000 versus a total put value of 6,400,000 Combined total value = 135,228,000,000
Strike 517.5 has a total call value of 140,549,600,000 versus a total put value of 4,800,000 Combined total value = 140,554,400,000
Strike 520 has a total call value of 145,877,600,000 versus a total put value of 3,200,000 Combined total value = 145,880,800,000
Strike 522.5 has a total call value of 151,205,600,000 versus a total put value of 1,600,000 Combined total value = 151,207,200,000
Strike 525 has a total call value of 156,533,600,000 versus a total put value of 0 Combined total value = 156,533,600,000
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.