JSWSTEEL
Jsw Steel Limited
Max pain for JSWSTEEL
17 Oct 2024 04:10 PM IST
Max Pain for JSWSTEEL is 1010
Strike 800 has a total call value of 0 versus a total put value of 87,099,975,000 Combined total value = 87,099,975,000
Strike 810 has a total call value of 0 versus a total put value of 82,167,750,000 Combined total value = 82,167,750,000
Strike 820 has a total call value of 0 versus a total put value of 77,235,525,000 Combined total value = 77,235,525,000
Strike 830 has a total call value of 0 versus a total put value of 72,319,500,000 Combined total value = 72,319,500,000
Strike 840 has a total call value of 0 versus a total put value of 67,403,475,000 Combined total value = 67,403,475,000
Strike 850 has a total call value of 0 versus a total put value of 62,487,450,000 Combined total value = 62,487,450,000
Strike 860 has a total call value of 0 versus a total put value of 57,705,750,000 Combined total value = 57,705,750,000
Strike 870 has a total call value of 0 versus a total put value of 52,937,550,000 Combined total value = 52,937,550,000
Strike 880 has a total call value of 0 versus a total put value of 48,199,050,000 Combined total value = 48,199,050,000
Strike 890 has a total call value of 0 versus a total put value of 43,540,200,000 Combined total value = 43,540,200,000
Strike 900 has a total call value of 0 versus a total put value of 38,910,375,000 Combined total value = 38,910,375,000
Strike 910 has a total call value of 73,575,000 versus a total put value of 34,668,000,000 Combined total value = 34,741,575,000
Strike 920 has a total call value of 147,150,000 versus a total put value of 30,491,775,000 Combined total value = 30,638,925,000
Strike 930 has a total call value of 220,725,000 versus a total put value of 26,473,500,000 Combined total value = 26,694,225,000
Strike 940 has a total call value of 300,375,000 versus a total put value of 22,617,900,000 Combined total value = 22,918,275,000
Strike 950 has a total call value of 409,725,000 versus a total put value of 18,923,625,000 Combined total value = 19,333,350,000
Strike 960 has a total call value of 629,100,000 versus a total put value of 15,651,900,000 Combined total value = 16,281,000,000
Strike 970 has a total call value of 909,900,000 versus a total put value of 12,633,300,000 Combined total value = 13,543,200,000
Strike 980 has a total call value of 1,238,625,000 versus a total put value of 9,921,150,000 Combined total value = 11,159,775,000
Strike 990 has a total call value of 1,738,800,000 versus a total put value of 7,533,000,000 Combined total value = 9,271,800,000
Strike 1000 has a total call value of 2,466,450,000 versus a total put value of 5,346,675,000 Combined total value = 7,813,125,000
Strike 1010 has a total call value of 3,929,175,000 versus a total put value of 3,852,225,000 Combined total value = 7,781,400,000
Strike 1020 has a total call value of 5,821,875,000 versus a total put value of 2,723,625,000 Combined total value = 8,545,500,000
Strike 1030 has a total call value of 8,201,925,000 versus a total put value of 1,896,075,000 Combined total value = 10,098,000,000
Strike 1040 has a total call value of 11,121,300,000 versus a total put value of 1,273,725,000 Combined total value = 12,395,025,000
Strike 1050 has a total call value of 14,445,675,000 versus a total put value of 765,450,000 Combined total value = 15,211,125,000
Strike 1060 has a total call value of 19,015,425,000 versus a total put value of 454,950,000 Combined total value = 19,470,375,000
Strike 1070 has a total call value of 24,143,400,000 versus a total put value of 287,550,000 Combined total value = 24,430,950,000
Strike 1080 has a total call value of 29,525,850,000 versus a total put value of 191,700,000 Combined total value = 29,717,550,000
Strike 1090 has a total call value of 35,546,850,000 versus a total put value of 95,850,000 Combined total value = 35,642,700,000
Strike 1100 has a total call value of 41,764,275,000 versus a total put value of 0 Combined total value = 41,764,275,000
Strike 1110 has a total call value of 48,731,625,000 versus a total put value of 0 Combined total value = 48,731,625,000
Strike 1120 has a total call value of 55,765,800,000 versus a total put value of 0 Combined total value = 55,765,800,000
Strike 1130 has a total call value of 63,103,050,000 versus a total put value of 0 Combined total value = 63,103,050,000
Strike 1140 has a total call value of 70,540,875,000 versus a total put value of 0 Combined total value = 70,540,875,000
Strike 1150 has a total call value of 78,339,825,000 versus a total put value of 0 Combined total value = 78,339,825,000
Strike 1160 has a total call value of 86,138,775,000 versus a total put value of 0 Combined total value = 86,138,775,000
Strike 1170 has a total call value of 94,099,050,000 versus a total put value of 0 Combined total value = 94,099,050,000
Strike 1180 has a total call value of 102,059,325,000 versus a total put value of 0 Combined total value = 102,059,325,000
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.
