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JSWSTEEL
JSW STEEL LIMITED

844.95 8.75 (1.05%)


Strike  700  has a total call value of 0  versus a total put value of  28,134,675,000 Combined total value = 28,134,675,000

Strike  710  has a total call value of 0  versus a total put value of  25,172,100,000 Combined total value = 25,172,100,000

Strike  720  has a total call value of 0  versus a total put value of  22,209,525,000 Combined total value = 22,209,525,000

Strike  730  has a total call value of 0  versus a total put value of  19,305,000,000 Combined total value = 19,305,000,000

Strike  740  has a total call value of 0  versus a total put value of  16,480,800,000 Combined total value = 16,480,800,000

Strike  750  has a total call value of 0  versus a total put value of  13,692,375,000 Combined total value = 13,692,375,000

Strike  760  has a total call value of 37,125,000  versus a total put value of  11,298,825,000 Combined total value = 11,335,950,000

Strike  770  has a total call value of 74,250,000  versus a total put value of  9,042,975,000 Combined total value = 9,117,225,000

Strike  780  has a total call value of 111,375,000  versus a total put value of  6,908,625,000 Combined total value = 7,020,000,000

Strike  790  has a total call value of 178,875,000  versus a total put value of  5,013,900,000 Combined total value = 5,192,775,000

Strike  800  has a total call value of 246,375,000  versus a total put value of  3,240,675,000 Combined total value = 3,487,050,000

Strike  810  has a total call value of 585,225,000  versus a total put value of  2,229,525,000 Combined total value = 2,814,750,000

Strike  820  has a total call value of 965,925,000  versus a total put value of  1,362,825,000 Combined total value = 2,328,750,000

Strike  830  has a total call value of 1,587,600,000  versus a total put value of  788,400,000 Combined total value = 2,376,000,000

Strike  840  has a total call value of 2,597,400,000  versus a total put value of  444,825,000 Combined total value = 3,042,225,000

Strike  850  has a total call value of 4,010,850,000  versus a total put value of  220,050,000 Combined total value = 4,230,900,000

Strike  860  has a total call value of 6,244,425,000  versus a total put value of  135,000,000 Combined total value = 6,379,425,000

Strike  870  has a total call value of 8,832,375,000  versus a total put value of  101,250,000 Combined total value = 8,933,625,000

Strike  880  has a total call value of 11,631,600,000  versus a total put value of  67,500,000 Combined total value = 11,699,100,000

Strike  890  has a total call value of 14,647,500,000  versus a total put value of  33,750,000 Combined total value = 14,681,250,000

Strike  900  has a total call value of 17,803,125,000  versus a total put value of  0 Combined total value = 17,803,125,000

Strike  910  has a total call value of 21,959,100,000  versus a total put value of  0 Combined total value = 21,959,100,000

Strike  920  has a total call value of 26,156,925,000  versus a total put value of  0 Combined total value = 26,156,925,000

Strike  930  has a total call value of 30,472,200,000  versus a total put value of  0 Combined total value = 30,472,200,000

Strike  940  has a total call value of 34,820,550,000  versus a total put value of  0 Combined total value = 34,820,550,000

Strike  950  has a total call value of 39,207,375,000  versus a total put value of  0 Combined total value = 39,207,375,000

Strike  960  has a total call value of 43,743,375,000  versus a total put value of  0 Combined total value = 43,743,375,000

Strike  970  has a total call value of 48,360,375,000  versus a total put value of  0 Combined total value = 48,360,375,000

Strike  980  has a total call value of 52,977,375,000  versus a total put value of  0 Combined total value = 52,977,375,000

Strike  990  has a total call value of 57,594,375,000  versus a total put value of  0 Combined total value = 57,594,375,000

Strike  1000  has a total call value of 62,211,375,000  versus a total put value of  0 Combined total value = 62,211,375,000

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.