LICHSGFIN
Lic Housing Finance Ltd
Max pain for LICHSGFIN
17 Oct 2024 04:13 PM IST
Max Pain for LICHSGFIN is 650
Strike 530 has a total call value of 0 versus a total put value of 70,854,000,000 Combined total value = 70,854,000,000
Strike 540 has a total call value of 0 versus a total put value of 63,624,000,000 Combined total value = 63,624,000,000
Strike 550 has a total call value of 0 versus a total put value of 56,497,000,000 Combined total value = 56,497,000,000
Strike 560 has a total call value of 0 versus a total put value of 49,463,000,000 Combined total value = 49,463,000,000
Strike 570 has a total call value of 5,000,000 versus a total put value of 42,693,000,000 Combined total value = 42,698,000,000
Strike 580 has a total call value of 10,000,000 versus a total put value of 36,145,000,000 Combined total value = 36,155,000,000
Strike 590 has a total call value of 30,000,000 versus a total put value of 30,092,000,000 Combined total value = 30,122,000,000
Strike 600 has a total call value of 50,000,000 versus a total put value of 24,324,000,000 Combined total value = 24,374,000,000
Strike 610 has a total call value of 230,000,000 versus a total put value of 19,308,000,000 Combined total value = 19,538,000,000
Strike 620 has a total call value of 551,000,000 versus a total put value of 14,974,000,000 Combined total value = 15,525,000,000
Strike 630 has a total call value of 1,448,000,000 versus a total put value of 11,513,000,000 Combined total value = 12,961,000,000
Strike 640 has a total call value of 3,249,000,000 versus a total put value of 8,561,000,000 Combined total value = 11,810,000,000
Strike 650 has a total call value of 5,679,000,000 versus a total put value of 6,075,000,000 Combined total value = 11,754,000,000
Strike 660 has a total call value of 9,094,000,000 versus a total put value of 4,242,000,000 Combined total value = 13,336,000,000
Strike 670 has a total call value of 13,673,000,000 versus a total put value of 2,936,000,000 Combined total value = 16,609,000,000
Strike 680 has a total call value of 19,108,000,000 versus a total put value of 1,986,000,000 Combined total value = 21,094,000,000
Strike 690 has a total call value of 25,578,000,000 versus a total put value of 1,336,000,000 Combined total value = 26,914,000,000
Strike 700 has a total call value of 32,441,000,000 versus a total put value of 768,000,000 Combined total value = 33,209,000,000
Strike 710 has a total call value of 41,139,000,000 versus a total put value of 632,000,000 Combined total value = 41,771,000,000
Strike 720 has a total call value of 50,082,000,000 versus a total put value of 496,000,000 Combined total value = 50,578,000,000
Strike 730 has a total call value of 59,467,000,000 versus a total put value of 360,000,000 Combined total value = 59,827,000,000
Strike 740 has a total call value of 68,978,000,000 versus a total put value of 224,000,000 Combined total value = 69,202,000,000
Strike 750 has a total call value of 78,631,000,000 versus a total put value of 88,000,000 Combined total value = 78,719,000,000
Strike 760 has a total call value of 88,688,000,000 versus a total put value of 44,000,000 Combined total value = 88,732,000,000
Strike 770 has a total call value of 98,828,000,000 versus a total put value of 0 Combined total value = 98,828,000,000
Strike 780 has a total call value of 109,114,000,000 versus a total put value of 0 Combined total value = 109,114,000,000
Strike 790 has a total call value of 119,493,000,000 versus a total put value of 0 Combined total value = 119,493,000,000
Strike 800 has a total call value of 129,872,000,000 versus a total put value of 0 Combined total value = 129,872,000,000
Strike 810 has a total call value of 140,762,000,000 versus a total put value of 0 Combined total value = 140,762,000,000
Strike 820 has a total call value of 151,652,000,000 versus a total put value of 0 Combined total value = 151,652,000,000
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.
