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JINDALSTEL
Jindal Steel & Power Ltd

1002.9 12.15 (1.23%)

Max pain for JINDALSTEL

11 Oct 2024 10:33 AM IST

Max Pain for JINDALSTEL is 1020  



Strike  800  has a total call value of 0  versus a total put value of  90,678,750,000 Combined total value = 90,678,750,000

Strike  810  has a total call value of 0  versus a total put value of  85,779,375,000 Combined total value = 85,779,375,000

Strike  820  has a total call value of 0  versus a total put value of  80,880,000,000 Combined total value = 80,880,000,000

Strike  830  has a total call value of 0  versus a total put value of  75,980,625,000 Combined total value = 75,980,625,000

Strike  840  has a total call value of 0  versus a total put value of  71,081,250,000 Combined total value = 71,081,250,000

Strike  850  has a total call value of 0  versus a total put value of  66,295,625,000 Combined total value = 66,295,625,000

Strike  860  has a total call value of 0  versus a total put value of  61,510,000,000 Combined total value = 61,510,000,000

Strike  870  has a total call value of 0  versus a total put value of  56,810,000,000 Combined total value = 56,810,000,000

Strike  880  has a total call value of 0  versus a total put value of  52,110,000,000 Combined total value = 52,110,000,000

Strike  890  has a total call value of 0  versus a total put value of  47,550,625,000 Combined total value = 47,550,625,000

Strike  900  has a total call value of 0  versus a total put value of  42,991,250,000 Combined total value = 42,991,250,000

Strike  910  has a total call value of 0  versus a total put value of  38,671,875,000 Combined total value = 38,671,875,000

Strike  920  has a total call value of 0  versus a total put value of  34,378,125,000 Combined total value = 34,378,125,000

Strike  930  has a total call value of 0  versus a total put value of  30,175,000,000 Combined total value = 30,175,000,000

Strike  940  has a total call value of 0  versus a total put value of  26,015,000,000 Combined total value = 26,015,000,000

Strike  950  has a total call value of 90,625,000  versus a total put value of  22,141,875,000 Combined total value = 22,232,500,000

Strike  960  has a total call value of 198,750,000  versus a total put value of  18,390,625,000 Combined total value = 18,589,375,000

Strike  970  has a total call value of 330,625,000  versus a total put value of  15,230,625,000 Combined total value = 15,561,250,000

Strike  980  has a total call value of 480,625,000  versus a total put value of  12,215,000,000 Combined total value = 12,695,625,000

Strike  990  has a total call value of 755,000,000  versus a total put value of  9,610,000,000 Combined total value = 10,365,000,000

Strike  1000  has a total call value of 1,130,000,000  versus a total put value of  7,218,750,000 Combined total value = 8,348,750,000

Strike  1010  has a total call value of 2,088,125,000  versus a total put value of  5,439,375,000 Combined total value = 7,527,500,000

Strike  1020  has a total call value of 3,230,000,000  versus a total put value of  3,811,250,000 Combined total value = 7,041,250,000

Strike  1030  has a total call value of 4,798,125,000  versus a total put value of  2,550,000,000 Combined total value = 7,348,125,000

Strike  1040  has a total call value of 6,626,875,000  versus a total put value of  1,427,500,000 Combined total value = 8,054,375,000

Strike  1050  has a total call value of 9,255,625,000  versus a total put value of  830,000,000 Combined total value = 10,085,625,000

Strike  1060  has a total call value of 12,343,750,000  versus a total put value of  442,500,000 Combined total value = 12,786,250,000

Strike  1070  has a total call value of 16,611,250,000  versus a total put value of  294,375,000 Combined total value = 16,905,625,000

Strike  1080  has a total call value of 21,115,625,000  versus a total put value of  146,250,000 Combined total value = 21,261,875,000

Strike  1090  has a total call value of 26,093,125,000  versus a total put value of  73,125,000 Combined total value = 26,166,250,000

Strike  1100  has a total call value of 31,174,375,000  versus a total put value of  0 Combined total value = 31,174,375,000

Strike  1110  has a total call value of 37,076,250,000  versus a total put value of  0 Combined total value = 37,076,250,000

Strike  1120  has a total call value of 43,058,750,000  versus a total put value of  0 Combined total value = 43,058,750,000

Strike  1130  has a total call value of 49,348,125,000  versus a total put value of  0 Combined total value = 49,348,125,000

Strike  1140  has a total call value of 55,733,125,000  versus a total put value of  0 Combined total value = 55,733,125,000

Strike  1150  has a total call value of 62,320,000,000  versus a total put value of  0 Combined total value = 62,320,000,000

Strike  1160  has a total call value of 68,934,375,000  versus a total put value of  0 Combined total value = 68,934,375,000

Strike  1170  has a total call value of 75,972,500,000  versus a total put value of  0 Combined total value = 75,972,500,000

Strike  1180  has a total call value of 83,010,625,000  versus a total put value of  0 Combined total value = 83,010,625,000

Strike  1190  has a total call value of 90,145,000,000  versus a total put value of  0 Combined total value = 90,145,000,000

Strike  1200  has a total call value of 97,279,375,000  versus a total put value of  0 Combined total value = 97,279,375,000

All Max-Pain Table


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.