LICHSGFIN
Lic Housing Finance Ltd
Max pain for LICHSGFIN
18 Sep 2024 04:13 PM IST
Max Pain for LICHSGFIN is 690
Strike 590 has a total call value of 0 versus a total put value of 57,472,000,000 Combined total value = 57,472,000,000
Strike 600 has a total call value of 0 versus a total put value of 50,087,000,000 Combined total value = 50,087,000,000
Strike 610 has a total call value of 20,000,000 versus a total put value of 43,013,000,000 Combined total value = 43,033,000,000
Strike 620 has a total call value of 42,000,000 versus a total put value of 36,068,000,000 Combined total value = 36,110,000,000
Strike 630 has a total call value of 64,000,000 versus a total put value of 29,557,000,000 Combined total value = 29,621,000,000
Strike 640 has a total call value of 86,000,000 versus a total put value of 23,482,000,000 Combined total value = 23,568,000,000
Strike 650 has a total call value of 126,000,000 versus a total put value of 18,075,000,000 Combined total value = 18,201,000,000
Strike 660 has a total call value of 316,000,000 versus a total put value of 13,638,000,000 Combined total value = 13,954,000,000
Strike 670 has a total call value of 678,000,000 versus a total put value of 9,740,000,000 Combined total value = 10,418,000,000
Strike 680 has a total call value of 1,237,000,000 versus a total put value of 6,463,000,000 Combined total value = 7,700,000,000
Strike 690 has a total call value of 2,810,000,000 versus a total put value of 4,212,000,000 Combined total value = 7,022,000,000
Strike 700 has a total call value of 5,648,000,000 versus a total put value of 2,498,000,000 Combined total value = 8,146,000,000
Strike 710 has a total call value of 11,135,000,000 versus a total put value of 1,572,000,000 Combined total value = 12,707,000,000
Strike 720 has a total call value of 17,786,000,000 versus a total put value of 915,000,000 Combined total value = 18,701,000,000
Strike 730 has a total call value of 26,501,000,000 versus a total put value of 632,000,000 Combined total value = 27,133,000,000
Strike 740 has a total call value of 37,034,000,000 versus a total put value of 509,000,000 Combined total value = 37,543,000,000
Strike 750 has a total call value of 48,627,000,000 versus a total put value of 386,000,000 Combined total value = 49,013,000,000
Strike 760 has a total call value of 62,191,000,000 versus a total put value of 263,000,000 Combined total value = 62,454,000,000
Strike 770 has a total call value of 76,244,000,000 versus a total put value of 140,000,000 Combined total value = 76,384,000,000
Strike 780 has a total call value of 90,616,000,000 versus a total put value of 86,000,000 Combined total value = 90,702,000,000
Strike 790 has a total call value of 105,476,000,000 versus a total put value of 66,000,000 Combined total value = 105,542,000,000
Strike 800 has a total call value of 120,395,000,000 versus a total put value of 46,000,000 Combined total value = 120,441,000,000
Strike 810 has a total call value of 136,467,000,000 versus a total put value of 26,000,000 Combined total value = 136,493,000,000
Strike 820 has a total call value of 152,539,000,000 versus a total put value of 6,000,000 Combined total value = 152,545,000,000
Strike 830 has a total call value of 169,044,000,000 versus a total put value of 3,000,000 Combined total value = 169,047,000,000
Strike 840 has a total call value of 185,549,000,000 versus a total put value of 0 Combined total value = 185,549,000,000
Strike 850 has a total call value of 202,054,000,000 versus a total put value of 0 Combined total value = 202,054,000,000
Strike 860 has a total call value of 218,653,000,000 versus a total put value of 0 Combined total value = 218,653,000,000
Strike 870 has a total call value of 235,252,000,000 versus a total put value of 0 Combined total value = 235,252,000,000
Strike 880 has a total call value of 251,851,000,000 versus a total put value of 0 Combined total value = 251,851,000,000
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.