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JSWSTEEL
JSW STEEL LIMITED

799.1 -5.30 (-0.66%)


Strike  650  has a total call value of 0  versus a total put value of  58,779,675,000 Combined total value = 58,779,675,000

Strike  660  has a total call value of 43,200,000  versus a total put value of  54,428,625,000 Combined total value = 54,471,825,000

Strike  670  has a total call value of 86,400,000  versus a total put value of  50,077,575,000 Combined total value = 50,163,975,000

Strike  680  has a total call value of 129,600,000  versus a total put value of  45,726,525,000 Combined total value = 45,856,125,000

Strike  690  has a total call value of 172,800,000  versus a total put value of  41,383,575,000 Combined total value = 41,556,375,000

Strike  700  has a total call value of 216,000,000  versus a total put value of  37,040,625,000 Combined total value = 37,256,625,000

Strike  710  has a total call value of 274,725,000  versus a total put value of  33,039,225,000 Combined total value = 33,313,950,000

Strike  720  has a total call value of 333,450,000  versus a total put value of  29,037,825,000 Combined total value = 29,371,275,000

Strike  730  has a total call value of 392,175,000  versus a total put value of  25,188,975,000 Combined total value = 25,581,150,000

Strike  740  has a total call value of 450,900,000  versus a total put value of  21,516,975,000 Combined total value = 21,967,875,000

Strike  750  has a total call value of 509,625,000  versus a total put value of  17,915,850,000 Combined total value = 18,425,475,000

Strike  760  has a total call value of 568,350,000  versus a total put value of  14,702,175,000 Combined total value = 15,270,525,000

Strike  770  has a total call value of 675,000,000  versus a total put value of  11,806,425,000 Combined total value = 12,481,425,000

Strike  780  has a total call value of 861,300,000  versus a total put value of  9,231,300,000 Combined total value = 10,092,600,000

Strike  790  has a total call value of 1,160,325,000  versus a total put value of  7,040,250,000 Combined total value = 8,200,575,000

Strike  800  has a total call value of 1,587,600,000  versus a total put value of  5,090,175,000 Combined total value = 6,677,775,000

Strike  810  has a total call value of 2,763,450,000  versus a total put value of  3,912,975,000 Combined total value = 6,676,425,000

Strike  820  has a total call value of 4,637,925,000  versus a total put value of  2,915,325,000 Combined total value = 7,553,250,000

Strike  830  has a total call value of 7,468,875,000  versus a total put value of  2,162,700,000 Combined total value = 9,631,575,000

Strike  840  has a total call value of 11,182,050,000  versus a total put value of  1,617,975,000 Combined total value = 12,800,025,000

Strike  850  has a total call value of 16,615,125,000  versus a total put value of  1,232,550,000 Combined total value = 17,847,675,000

Strike  860  has a total call value of 23,371,200,000  versus a total put value of  1,005,075,000 Combined total value = 24,376,275,000

Strike  870  has a total call value of 30,806,325,000  versus a total put value of  889,650,000 Combined total value = 31,695,975,000

Strike  880  has a total call value of 38,539,125,000  versus a total put value of  774,225,000 Combined total value = 39,313,350,000

Strike  890  has a total call value of 46,602,000,000  versus a total put value of  658,800,000 Combined total value = 47,260,800,000

Strike  900  has a total call value of 54,891,000,000  versus a total put value of  543,375,000 Combined total value = 55,434,375,000

Strike  910  has a total call value of 64,328,850,000  versus a total put value of  483,975,000 Combined total value = 64,812,825,000

Strike  920  has a total call value of 73,842,300,000  versus a total put value of  424,575,000 Combined total value = 74,266,875,000

Strike  930  has a total call value of 83,474,550,000  versus a total put value of  365,175,000 Combined total value = 83,839,725,000

Strike  940  has a total call value of 93,147,300,000  versus a total put value of  305,775,000 Combined total value = 93,453,075,000

Strike  950  has a total call value of 102,874,050,000  versus a total put value of  246,375,000 Combined total value = 103,120,425,000

Strike  960  has a total call value of 112,793,850,000  versus a total put value of  197,100,000 Combined total value = 112,990,950,000

Strike  970  has a total call value of 122,812,875,000  versus a total put value of  147,825,000 Combined total value = 122,960,700,000

Strike  980  has a total call value of 132,831,900,000  versus a total put value of  98,550,000 Combined total value = 132,930,450,000

Strike  990  has a total call value of 142,850,925,000  versus a total put value of  49,275,000 Combined total value = 142,900,200,000

Strike  1000  has a total call value of 152,869,950,000  versus a total put value of  0 Combined total value = 152,869,950,000

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.