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L&TFH
L&T FINANCE HOLDINGS LTD

171.4 0.75 (0.44%)


Strike  150  has a total call value of 0  versus a total put value of  6,751,006,000 Combined total value = 6,751,006,000

Strike  152.5  has a total call value of 0  versus a total put value of  5,539,573,000 Combined total value = 5,539,573,000

Strike  155  has a total call value of 0  versus a total put value of  4,328,140,000 Combined total value = 4,328,140,000

Strike  157.5  has a total call value of 0  versus a total put value of  3,310,804,000 Combined total value = 3,310,804,000

Strike  160  has a total call value of 0  versus a total put value of  2,293,468,000 Combined total value = 2,293,468,000

Strike  162.5  has a total call value of 41,273,500  versus a total put value of  1,596,280,500 Combined total value = 1,637,554,000

Strike  165  has a total call value of 82,547,000  versus a total put value of  932,558,000 Combined total value = 1,015,105,000

Strike  167.5  has a total call value of 123,820,500  versus a total put value of  583,406,500 Combined total value = 707,227,000

Strike  170  has a total call value of 198,559,000  versus a total put value of  234,255,000 Combined total value = 432,814,000

Strike  172.5  has a total call value of 752,962,500  versus a total put value of  130,513,500 Combined total value = 883,476,000

Strike  175  has a total call value of 1,358,679,000  versus a total put value of  42,389,000 Combined total value = 1,401,068,000

Strike  177.5  has a total call value of 2,216,498,500  versus a total put value of  21,194,500 Combined total value = 2,237,693,000

Strike  180  has a total call value of 3,074,318,000  versus a total put value of  0 Combined total value = 3,074,318,000

Strike  182.5  has a total call value of 4,382,799,500  versus a total put value of  0 Combined total value = 4,382,799,500

Strike  185  has a total call value of 5,714,706,500  versus a total put value of  0 Combined total value = 5,714,706,500

Strike  187.5  has a total call value of 7,157,048,000  versus a total put value of  0 Combined total value = 7,157,048,000

Strike  190  has a total call value of 8,599,389,500  versus a total put value of  0 Combined total value = 8,599,389,500

Strike  192.5  has a total call value of 10,202,363,000  versus a total put value of  0 Combined total value = 10,202,363,000

Strike  195  has a total call value of 11,805,336,500  versus a total put value of  0 Combined total value = 11,805,336,500

Strike  197.5  has a total call value of 13,430,620,000  versus a total put value of  0 Combined total value = 13,430,620,000

Strike  200  has a total call value of 15,055,903,500  versus a total put value of  0 Combined total value = 15,055,903,500

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.