JKCEMENT
JK CEMENT LIMITED
Max pain for JKCEMENT
19 Apr 2024 10:18 AM IST
Max Pain for JKCEMENT is 4200
Strike 3800 has a total call value of 0 versus a total put value of 4,800,000,000 Combined total value = 4,800,000,000
Strike 3850 has a total call value of 0 versus a total put value of 4,091,250,000 Combined total value = 4,091,250,000
Strike 3900 has a total call value of 0 versus a total put value of 3,382,500,000 Combined total value = 3,382,500,000
Strike 3950 has a total call value of 0 versus a total put value of 2,753,750,000 Combined total value = 2,753,750,000
Strike 4000 has a total call value of 0 versus a total put value of 2,125,000,000 Combined total value = 2,125,000,000
Strike 4050 has a total call value of 0 versus a total put value of 1,645,000,000 Combined total value = 1,645,000,000
Strike 4100 has a total call value of 0 versus a total put value of 1,165,000,000 Combined total value = 1,165,000,000
Strike 4150 has a total call value of 0 versus a total put value of 782,500,000 Combined total value = 782,500,000
Strike 4200 has a total call value of 2,500,000 versus a total put value of 400,000,000 Combined total value = 402,500,000
Strike 4250 has a total call value of 116,250,000 versus a total put value of 300,000,000 Combined total value = 416,250,000
Strike 4300 has a total call value of 236,250,000 versus a total put value of 200,000,000 Combined total value = 436,250,000
Strike 4350 has a total call value of 420,000,000 versus a total put value of 100,000,000 Combined total value = 520,000,000
Strike 4400 has a total call value of 623,750,000 versus a total put value of 0 Combined total value = 623,750,000
Strike 4450 has a total call value of 1,028,750,000 versus a total put value of 0 Combined total value = 1,028,750,000
Strike 4500 has a total call value of 1,438,750,000 versus a total put value of 0 Combined total value = 1,438,750,000
Strike 4550 has a total call value of 1,895,000,000 versus a total put value of 0 Combined total value = 1,895,000,000
Strike 4600 has a total call value of 2,351,250,000 versus a total put value of 0 Combined total value = 2,351,250,000
Strike 4650 has a total call value of 2,870,000,000 versus a total put value of 0 Combined total value = 2,870,000,000
Strike 4700 has a total call value of 3,388,750,000 versus a total put value of 0 Combined total value = 3,388,750,000
Strike 4750 has a total call value of 3,952,500,000 versus a total put value of 0 Combined total value = 3,952,500,000
Strike 4800 has a total call value of 4,516,250,000 versus a total put value of 0 Combined total value = 4,516,250,000
Strike 4850 has a total call value of 5,080,000,000 versus a total put value of 0 Combined total value = 5,080,000,000
Strike 4900 has a total call value of 5,643,750,000 versus a total put value of 0 Combined total value = 5,643,750,000
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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.