KOTAKBANK
KOTAK MAHINDRA BANK LTD
Max pain for KOTAKBANK
04 Jul 2024 12:01 PM IST
Max Pain for KOTAKBANK is 1800
Strike 1400 has a total call value of 0 versus a total put value of 299,423,200,000 Combined total value = 299,423,200,000
Strike 1410 has a total call value of 0 versus a total put value of 290,431,600,000 Combined total value = 290,431,600,000
Strike 1420 has a total call value of 0 versus a total put value of 281,440,000,000 Combined total value = 281,440,000,000
Strike 1430 has a total call value of 0 versus a total put value of 272,448,400,000 Combined total value = 272,448,400,000
Strike 1440 has a total call value of 0 versus a total put value of 263,456,800,000 Combined total value = 263,456,800,000
Strike 1450 has a total call value of 0 versus a total put value of 254,465,200,000 Combined total value = 254,465,200,000
Strike 1460 has a total call value of 0 versus a total put value of 245,519,600,000 Combined total value = 245,519,600,000
Strike 1470 has a total call value of 0 versus a total put value of 236,574,000,000 Combined total value = 236,574,000,000
Strike 1480 has a total call value of 0 versus a total put value of 227,628,400,000 Combined total value = 227,628,400,000
Strike 1490 has a total call value of 0 versus a total put value of 218,698,800,000 Combined total value = 218,698,800,000
Strike 1500 has a total call value of 0 versus a total put value of 209,769,200,000 Combined total value = 209,769,200,000
Strike 1510 has a total call value of 0 versus a total put value of 201,189,200,000 Combined total value = 201,189,200,000
Strike 1520 has a total call value of 0 versus a total put value of 192,609,200,000 Combined total value = 192,609,200,000
Strike 1530 has a total call value of 0 versus a total put value of 184,029,200,000 Combined total value = 184,029,200,000
Strike 1540 has a total call value of 0 versus a total put value of 175,449,200,000 Combined total value = 175,449,200,000
Strike 1550 has a total call value of 0 versus a total put value of 166,930,000,000 Combined total value = 166,930,000,000
Strike 1560 has a total call value of 400,000 versus a total put value of 158,443,200,000 Combined total value = 158,443,600,000
Strike 1570 has a total call value of 800,000 versus a total put value of 149,994,400,000 Combined total value = 149,995,200,000
Strike 1580 has a total call value of 1,200,000 versus a total put value of 141,545,600,000 Combined total value = 141,546,800,000
Strike 1590 has a total call value of 1,600,000 versus a total put value of 133,169,200,000 Combined total value = 133,170,800,000
Strike 1600 has a total call value of 2,000,000 versus a total put value of 124,792,800,000 Combined total value = 124,794,800,000
Strike 1610 has a total call value of 14,400,000 versus a total put value of 116,990,800,000 Combined total value = 117,005,200,000
Strike 1620 has a total call value of 26,800,000 versus a total put value of 109,188,800,000 Combined total value = 109,215,600,000
Strike 1630 has a total call value of 39,200,000 versus a total put value of 101,440,000,000 Combined total value = 101,479,200,000
Strike 1640 has a total call value of 51,600,000 versus a total put value of 93,756,800,000 Combined total value = 93,808,400,000
Strike 1650 has a total call value of 64,000,000 versus a total put value of 86,201,200,000 Combined total value = 86,265,200,000
Strike 1660 has a total call value of 76,400,000 versus a total put value of 78,903,600,000 Combined total value = 78,980,000,000
Strike 1670 has a total call value of 88,800,000 versus a total put value of 71,704,400,000 Combined total value = 71,793,200,000
Strike 1680 has a total call value of 101,200,000 versus a total put value of 64,547,600,000 Combined total value = 64,648,800,000
Strike 1690 has a total call value of 120,800,000 versus a total put value of 57,559,200,000 Combined total value = 57,680,000,000
Strike 1700 has a total call value of 140,400,000 versus a total put value of 50,614,800,000 Combined total value = 50,755,200,000
Strike 1710 has a total call value of 264,800,000 versus a total put value of 44,936,800,000 Combined total value = 45,201,600,000
Strike 1720 has a total call value of 392,400,000 versus a total put value of 39,328,400,000 Combined total value = 39,720,800,000
Strike 1730 has a total call value of 535,200,000 versus a total put value of 33,982,800,000 Combined total value = 34,518,000,000
Strike 1740 has a total call value of 707,200,000 versus a total put value of 28,760,800,000 Combined total value = 29,468,000,000
Strike 1750 has a total call value of 928,000,000 versus a total put value of 23,776,000,000 Combined total value = 24,704,000,000
Strike 1760 has a total call value of 1,739,600,000 versus a total put value of 19,597,600,000 Combined total value = 21,337,200,000
Strike 1770 has a total call value of 2,667,200,000 versus a total put value of 15,810,800,000 Combined total value = 18,478,000,000
Strike 1780 has a total call value of 3,723,600,000 versus a total put value of 12,228,800,000 Combined total value = 15,952,400,000
Strike 1790 has a total call value of 4,964,400,000 versus a total put value of 9,023,200,000 Combined total value = 13,987,600,000
Strike 1800 has a total call value of 6,350,000,000 versus a total put value of 6,027,600,000 Combined total value = 12,377,600,000
Strike 1810 has a total call value of 8,904,800,000 versus a total put value of 4,687,200,000 Combined total value = 13,592,000,000
Strike 1820 has a total call value of 11,647,200,000 versus a total put value of 3,565,200,000 Combined total value = 15,212,400,000
Strike 1830 has a total call value of 14,975,600,000 versus a total put value of 2,735,600,000 Combined total value = 17,711,200,000
Strike 1840 has a total call value of 18,639,600,000 versus a total put value of 2,060,800,000 Combined total value = 20,700,400,000
Strike 1850 has a total call value of 23,578,400,000 versus a total put value of 1,550,400,000 Combined total value = 25,128,800,000
Strike 1860 has a total call value of 29,102,800,000 versus a total put value of 1,232,800,000 Combined total value = 30,335,600,000
Strike 1870 has a total call value of 35,172,800,000 versus a total put value of 946,000,000 Combined total value = 36,118,800,000
Strike 1880 has a total call value of 41,451,600,000 versus a total put value of 678,400,000 Combined total value = 42,130,000,000
Strike 1890 has a total call value of 47,888,000,000 versus a total put value of 423,200,000 Combined total value = 48,311,200,000
Strike 1900 has a total call value of 54,449,200,000 versus a total put value of 186,400,000 Combined total value = 54,635,600,000
Strike 1910 has a total call value of 62,355,200,000 versus a total put value of 164,000,000 Combined total value = 62,519,200,000
Strike 1920 has a total call value of 70,338,000,000 versus a total put value of 144,000,000 Combined total value = 70,482,000,000
Strike 1930 has a total call value of 78,442,800,000 versus a total put value of 126,000,000 Combined total value = 78,568,800,000
Strike 1940 has a total call value of 86,603,200,000 versus a total put value of 108,000,000 Combined total value = 86,711,200,000
Strike 1950 has a total call value of 94,855,600,000 versus a total put value of 90,000,000 Combined total value = 94,945,600,000
Strike 1960 has a total call value of 103,416,800,000 versus a total put value of 72,000,000 Combined total value = 103,488,800,000
Strike 1970 has a total call value of 112,065,600,000 versus a total put value of 54,000,000 Combined total value = 112,119,600,000
Strike 1980 has a total call value of 120,714,400,000 versus a total put value of 36,000,000 Combined total value = 120,750,400,000
Strike 1990 has a total call value of 129,467,600,000 versus a total put value of 18,000,000 Combined total value = 129,485,600,000
Strike 2000 has a total call value of 138,220,800,000 versus a total put value of 0 Combined total value = 138,220,800,000
Strike 2010 has a total call value of 148,029,200,000 versus a total put value of 0 Combined total value = 148,029,200,000
Strike 2020 has a total call value of 157,837,600,000 versus a total put value of 0 Combined total value = 157,837,600,000
Strike 2030 has a total call value of 167,836,800,000 versus a total put value of 0 Combined total value = 167,836,800,000
Strike 2040 has a total call value of 177,836,000,000 versus a total put value of 0 Combined total value = 177,836,000,000
Strike 2050 has a total call value of 188,065,200,000 versus a total put value of 0 Combined total value = 188,065,200,000
Strike 2060 has a total call value of 198,294,400,000 versus a total put value of 0 Combined total value = 198,294,400,000
Strike 2070 has a total call value of 208,523,600,000 versus a total put value of 0 Combined total value = 208,523,600,000
Strike 2080 has a total call value of 218,752,800,000 versus a total put value of 0 Combined total value = 218,752,800,000
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.