JSWSTEEL
JSW STEEL LIMITED
Max pain for JSWSTEEL
19 Mar 2024 11:21 AM IST
Max Pain for JSWSTEEL is 810
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
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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.