ITC
ITC LTD
Max pain for ITC
19 Apr 2024 04:17 PM IST
Max Pain for ITC is 430
Strike 350 has a total call value of 0 versus a total put value of 164,620,400,000 Combined total value = 164,620,400,000
Strike 352.5 has a total call value of 0 versus a total put value of 158,944,000,000 Combined total value = 158,944,000,000
Strike 355 has a total call value of 0 versus a total put value of 153,267,600,000 Combined total value = 153,267,600,000
Strike 357.5 has a total call value of 0 versus a total put value of 147,591,200,000 Combined total value = 147,591,200,000
Strike 360 has a total call value of 0 versus a total put value of 141,914,800,000 Combined total value = 141,914,800,000
Strike 362.5 has a total call value of 0 versus a total put value of 136,238,400,000 Combined total value = 136,238,400,000
Strike 365 has a total call value of 0 versus a total put value of 130,562,000,000 Combined total value = 130,562,000,000
Strike 367.5 has a total call value of 0 versus a total put value of 124,885,600,000 Combined total value = 124,885,600,000
Strike 370 has a total call value of 0 versus a total put value of 119,209,200,000 Combined total value = 119,209,200,000
Strike 372.5 has a total call value of 0 versus a total put value of 113,605,200,000 Combined total value = 113,605,200,000
Strike 375 has a total call value of 0 versus a total put value of 108,001,200,000 Combined total value = 108,001,200,000
Strike 377.5 has a total call value of 0 versus a total put value of 102,397,200,000 Combined total value = 102,397,200,000
Strike 380 has a total call value of 400,000 versus a total put value of 96,793,200,000 Combined total value = 96,793,600,000
Strike 382.5 has a total call value of 800,000 versus a total put value of 91,335,200,000 Combined total value = 91,336,000,000
Strike 385 has a total call value of 1,200,000 versus a total put value of 85,877,200,000 Combined total value = 85,878,400,000
Strike 387.5 has a total call value of 1,600,000 versus a total put value of 80,460,800,000 Combined total value = 80,462,400,000
Strike 390 has a total call value of 2,000,000 versus a total put value of 75,044,400,000 Combined total value = 75,046,400,000
Strike 392.5 has a total call value of 15,200,000 versus a total put value of 69,747,600,000 Combined total value = 69,762,800,000
Strike 395 has a total call value of 28,400,000 versus a total put value of 64,455,200,000 Combined total value = 64,483,600,000
Strike 397.5 has a total call value of 41,600,000 versus a total put value of 59,232,800,000 Combined total value = 59,274,400,000
Strike 400 has a total call value of 54,800,000 versus a total put value of 54,037,200,000 Combined total value = 54,092,000,000
Strike 402.5 has a total call value of 235,200,000 versus a total put value of 49,287,200,000 Combined total value = 49,522,400,000
Strike 405 has a total call value of 422,000,000 versus a total put value of 44,585,600,000 Combined total value = 45,007,600,000
Strike 407.5 has a total call value of 619,200,000 versus a total put value of 39,999,200,000 Combined total value = 40,618,400,000
Strike 410 has a total call value of 820,000,000 versus a total put value of 35,444,400,000 Combined total value = 36,264,400,000
Strike 412.5 has a total call value of 1,157,600,000 versus a total put value of 31,437,600,000 Combined total value = 32,595,200,000
Strike 415 has a total call value of 1,508,000,000 versus a total put value of 27,510,800,000 Combined total value = 29,018,800,000
Strike 417.5 has a total call value of 1,942,400,000 versus a total put value of 23,895,200,000 Combined total value = 25,837,600,000
Strike 420 has a total call value of 2,416,000,000 versus a total put value of 20,389,200,000 Combined total value = 22,805,200,000
Strike 422.5 has a total call value of 3,385,600,000 versus a total put value of 17,647,600,000 Combined total value = 21,033,200,000
Strike 425 has a total call value of 4,471,600,000 versus a total put value of 15,063,200,000 Combined total value = 19,534,800,000
Strike 427.5 has a total call value of 6,200,400,000 versus a total put value of 12,906,800,000 Combined total value = 19,107,200,000
Strike 430 has a total call value of 8,175,600,000 versus a total put value of 10,831,200,000 Combined total value = 19,006,800,000
Strike 432.5 has a total call value of 12,730,800,000 versus a total put value of 9,552,000,000 Combined total value = 22,282,800,000
Strike 435 has a total call value of 17,600,800,000 versus a total put value of 8,332,800,000 Combined total value = 25,933,600,000
Strike 437.5 has a total call value of 26,857,200,000 versus a total put value of 7,403,600,000 Combined total value = 34,260,800,000
Strike 440 has a total call value of 36,422,400,000 versus a total put value of 6,510,400,000 Combined total value = 42,932,800,000
Strike 442.5 has a total call value of 47,930,400,000 versus a total put value of 5,816,400,000 Combined total value = 53,746,800,000
Strike 445 has a total call value of 59,721,200,000 versus a total put value of 5,171,200,000 Combined total value = 64,892,400,000
Strike 447.5 has a total call value of 71,978,400,000 versus a total put value of 4,589,600,000 Combined total value = 76,568,000,000
Strike 450 has a total call value of 84,306,000,000 versus a total put value of 4,008,000,000 Combined total value = 88,314,000,000
Strike 452.5 has a total call value of 98,672,000,000 versus a total put value of 3,700,000,000 Combined total value = 102,372,000,000
Strike 455 has a total call value of 113,078,400,000 versus a total put value of 3,392,000,000 Combined total value = 116,470,400,000
Strike 457.5 has a total call value of 127,624,000,000 versus a total put value of 3,084,000,000 Combined total value = 130,708,000,000
Strike 460 has a total call value of 142,208,400,000 versus a total put value of 2,776,000,000 Combined total value = 144,984,400,000
Strike 462.5 has a total call value of 157,334,800,000 versus a total put value of 2,566,000,000 Combined total value = 159,900,800,000
Strike 465 has a total call value of 172,484,000,000 versus a total put value of 2,356,000,000 Combined total value = 174,840,000,000
Strike 467.5 has a total call value of 187,734,400,000 versus a total put value of 2,146,000,000 Combined total value = 189,880,400,000
Strike 470 has a total call value of 203,010,800,000 versus a total put value of 1,936,000,000 Combined total value = 204,946,800,000
Strike 472.5 has a total call value of 218,604,000,000 versus a total put value of 1,753,600,000 Combined total value = 220,357,600,000
Strike 475 has a total call value of 234,220,000,000 versus a total put value of 1,571,200,000 Combined total value = 235,791,200,000
Strike 477.5 has a total call value of 249,905,200,000 versus a total put value of 1,388,800,000 Combined total value = 251,294,000,000
Strike 480 has a total call value of 265,590,400,000 versus a total put value of 1,206,400,000 Combined total value = 266,796,800,000
Strike 482.5 has a total call value of 281,480,800,000 versus a total put value of 1,050,400,000 Combined total value = 282,531,200,000
Strike 485 has a total call value of 297,371,200,000 versus a total put value of 894,400,000 Combined total value = 298,265,600,000
Strike 487.5 has a total call value of 313,272,400,000 versus a total put value of 738,400,000 Combined total value = 314,010,800,000
Strike 490 has a total call value of 329,173,600,000 versus a total put value of 582,400,000 Combined total value = 329,756,000,000
Strike 492.5 has a total call value of 345,175,200,000 versus a total put value of 436,800,000 Combined total value = 345,612,000,000
Strike 495 has a total call value of 361,176,800,000 versus a total put value of 291,200,000 Combined total value = 361,468,000,000
Strike 497.5 has a total call value of 377,178,400,000 versus a total put value of 145,600,000 Combined total value = 377,324,000,000
Strike 500 has a total call value of 393,180,000,000 versus a total put value of 0 Combined total value = 393,180,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.