LT
LARSEN & TOUBRO LTD.
Max pain for LT
04 Jul 2024 12:11 PM IST
Max Pain for LT is 3600
Strike 2900 has a total call value of 0 versus a total put value of 160,189,800,000 Combined total value = 160,189,800,000
Strike 2920 has a total call value of 0 versus a total put value of 154,858,500,000 Combined total value = 154,858,500,000
Strike 2940 has a total call value of 0 versus a total put value of 149,527,200,000 Combined total value = 149,527,200,000
Strike 2950 has a total call value of 0 versus a total put value of 146,861,550,000 Combined total value = 146,861,550,000
Strike 2960 has a total call value of 0 versus a total put value of 144,195,900,000 Combined total value = 144,195,900,000
Strike 2980 has a total call value of 0 versus a total put value of 138,864,600,000 Combined total value = 138,864,600,000
Strike 3000 has a total call value of 0 versus a total put value of 133,533,300,000 Combined total value = 133,533,300,000
Strike 3020 has a total call value of 0 versus a total put value of 128,389,200,000 Combined total value = 128,389,200,000
Strike 3040 has a total call value of 0 versus a total put value of 123,245,100,000 Combined total value = 123,245,100,000
Strike 3050 has a total call value of 0 versus a total put value of 120,673,050,000 Combined total value = 120,673,050,000
Strike 3060 has a total call value of 0 versus a total put value of 118,101,000,000 Combined total value = 118,101,000,000
Strike 3080 has a total call value of 0 versus a total put value of 112,956,900,000 Combined total value = 112,956,900,000
Strike 3100 has a total call value of 0 versus a total put value of 107,812,800,000 Combined total value = 107,812,800,000
Strike 3120 has a total call value of 0 versus a total put value of 102,679,500,000 Combined total value = 102,679,500,000
Strike 3140 has a total call value of 0 versus a total put value of 97,546,200,000 Combined total value = 97,546,200,000
Strike 3150 has a total call value of 0 versus a total put value of 94,979,550,000 Combined total value = 94,979,550,000
Strike 3160 has a total call value of 0 versus a total put value of 92,412,900,000 Combined total value = 92,412,900,000
Strike 3180 has a total call value of 0 versus a total put value of 87,336,900,000 Combined total value = 87,336,900,000
Strike 3200 has a total call value of 0 versus a total put value of 82,260,900,000 Combined total value = 82,260,900,000
Strike 3220 has a total call value of 0 versus a total put value of 77,400,000,000 Combined total value = 77,400,000,000
Strike 3240 has a total call value of 0 versus a total put value of 72,539,100,000 Combined total value = 72,539,100,000
Strike 3250 has a total call value of 0 versus a total put value of 70,108,650,000 Combined total value = 70,108,650,000
Strike 3260 has a total call value of 0 versus a total put value of 67,682,550,000 Combined total value = 67,682,550,000
Strike 3280 has a total call value of 0 versus a total put value of 62,830,350,000 Combined total value = 62,830,350,000
Strike 3300 has a total call value of 0 versus a total put value of 57,978,150,000 Combined total value = 57,978,150,000
Strike 3320 has a total call value of 40,800,000 versus a total put value of 53,410,650,000 Combined total value = 53,451,450,000
Strike 3340 has a total call value of 81,600,000 versus a total put value of 48,861,750,000 Combined total value = 48,943,350,000
Strike 3350 has a total call value of 102,000,000 versus a total put value of 46,612,650,000 Combined total value = 46,714,650,000
Strike 3360 has a total call value of 122,700,000 versus a total put value of 44,403,600,000 Combined total value = 44,526,300,000
Strike 3380 has a total call value of 164,100,000 versus a total put value of 39,985,500,000 Combined total value = 40,149,600,000
Strike 3400 has a total call value of 205,500,000 versus a total put value of 35,567,400,000 Combined total value = 35,772,900,000
Strike 3420 has a total call value of 359,700,000 versus a total put value of 31,831,500,000 Combined total value = 32,191,200,000
Strike 3440 has a total call value of 522,600,000 versus a total put value of 28,133,400,000 Combined total value = 28,656,000,000
Strike 3450 has a total call value of 607,950,000 versus a total put value of 26,315,100,000 Combined total value = 26,923,050,000
Strike 3460 has a total call value of 697,500,000 versus a total put value of 24,510,750,000 Combined total value = 25,208,250,000
Strike 3480 has a total call value of 892,500,000 versus a total put value of 21,010,950,000 Combined total value = 21,903,450,000
Strike 3500 has a total call value of 1,120,800,000 versus a total put value of 17,563,950,000 Combined total value = 18,684,750,000
Strike 3520 has a total call value of 1,674,600,000 versus a total put value of 15,095,250,000 Combined total value = 16,769,850,000
Strike 3540 has a total call value of 2,301,000,000 versus a total put value of 12,715,050,000 Combined total value = 15,016,050,000
Strike 3550 has a total call value of 2,680,800,000 versus a total put value of 11,609,850,000 Combined total value = 14,290,650,000
Strike 3560 has a total call value of 3,112,350,000 versus a total put value of 10,550,400,000 Combined total value = 13,662,750,000
Strike 3580 has a total call value of 4,118,850,000 versus a total put value of 8,565,300,000 Combined total value = 12,684,150,000
Strike 3600 has a total call value of 5,262,450,000 versus a total put value of 6,759,300,000 Combined total value = 12,021,750,000
Strike 3620 has a total call value of 9,275,850,000 versus a total put value of 5,728,800,000 Combined total value = 15,004,650,000
Strike 3640 has a total call value of 13,995,750,000 versus a total put value of 4,861,800,000 Combined total value = 18,857,550,000
Strike 3650 has a total call value of 16,621,950,000 versus a total put value of 4,488,150,000 Combined total value = 21,110,100,000
Strike 3660 has a total call value of 19,421,400,000 versus a total put value of 4,145,400,000 Combined total value = 23,566,800,000
Strike 3680 has a total call value of 25,283,700,000 versus a total put value of 3,531,300,000 Combined total value = 28,815,000,000
Strike 3700 has a total call value of 31,359,000,000 versus a total put value of 2,940,600,000 Combined total value = 34,299,600,000
Strike 3720 has a total call value of 39,655,500,000 versus a total put value of 2,550,900,000 Combined total value = 42,206,400,000
Strike 3740 has a total call value of 48,268,500,000 versus a total put value of 2,176,500,000 Combined total value = 50,445,000,000
Strike 3750 has a total call value of 52,692,150,000 versus a total put value of 2,000,850,000 Combined total value = 54,693,000,000
Strike 3760 has a total call value of 57,188,550,000 versus a total put value of 1,830,000,000 Combined total value = 59,018,550,000
Strike 3780 has a total call value of 66,334,650,000 versus a total put value of 1,514,400,000 Combined total value = 67,849,050,000
Strike 3800 has a total call value of 75,559,950,000 versus a total put value of 1,198,800,000 Combined total value = 76,758,750,000
Strike 3820 has a total call value of 85,905,450,000 versus a total put value of 1,018,800,000 Combined total value = 86,924,250,000
Strike 3840 has a total call value of 96,319,950,000 versus a total put value of 869,100,000 Combined total value = 97,189,050,000
Strike 3850 has a total call value of 101,527,200,000 versus a total put value of 794,250,000 Combined total value = 102,321,450,000
Strike 3860 has a total call value of 106,779,450,000 versus a total put value of 719,400,000 Combined total value = 107,498,850,000
Strike 3880 has a total call value of 117,283,950,000 versus a total put value of 569,700,000 Combined total value = 117,853,650,000
Strike 3900 has a total call value of 127,788,450,000 versus a total put value of 420,000,000 Combined total value = 128,208,450,000
Strike 3920 has a total call value of 138,805,350,000 versus a total put value of 336,000,000 Combined total value = 139,141,350,000
Strike 3940 has a total call value of 149,870,250,000 versus a total put value of 252,000,000 Combined total value = 150,122,250,000
Strike 3950 has a total call value of 155,419,950,000 versus a total put value of 210,000,000 Combined total value = 155,629,950,000
Strike 3960 has a total call value of 160,972,350,000 versus a total put value of 168,000,000 Combined total value = 161,140,350,000
Strike 3980 has a total call value of 172,125,450,000 versus a total put value of 84,000,000 Combined total value = 172,209,450,000
Strike 4000 has a total call value of 183,278,550,000 versus a total put value of 0 Combined total value = 183,278,550,000
Strike 4020 has a total call value of 195,301,050,000 versus a total put value of 0 Combined total value = 195,301,050,000
Strike 4040 has a total call value of 207,330,450,000 versus a total put value of 0 Combined total value = 207,330,450,000
Strike 4050 has a total call value of 213,356,400,000 versus a total put value of 0 Combined total value = 213,356,400,000
Strike 4060 has a total call value of 219,382,350,000 versus a total put value of 0 Combined total value = 219,382,350,000
Strike 4080 has a total call value of 231,446,850,000 versus a total put value of 0 Combined total value = 231,446,850,000
Strike 4100 has a total call value of 243,550,350,000 versus a total put value of 0 Combined total value = 243,550,350,000
Strike 4120 has a total call value of 255,902,550,000 versus a total put value of 0 Combined total value = 255,902,550,000
Strike 4140 has a total call value of 268,254,750,000 versus a total put value of 0 Combined total value = 268,254,750,000
Strike 4150 has a total call value of 274,436,700,000 versus a total put value of 0 Combined total value = 274,436,700,000
Strike 4160 has a total call value of 280,618,650,000 versus a total put value of 0 Combined total value = 280,618,650,000
Strike 4180 has a total call value of 292,982,550,000 versus a total put value of 0 Combined total value = 292,982,550,000
Strike 4200 has a total call value of 305,354,850,000 versus a total put value of 0 Combined total value = 305,354,850,000
Strike 4220 has a total call value of 317,904,450,000 versus a total put value of 0 Combined total value = 317,904,450,000
Strike 4240 has a total call value of 330,463,350,000 versus a total put value of 0 Combined total value = 330,463,350,000
Strike 4250 has a total call value of 336,742,800,000 versus a total put value of 0 Combined total value = 336,742,800,000
Strike 4260 has a total call value of 343,022,250,000 versus a total put value of 0 Combined total value = 343,022,250,000
Strike 4280 has a total call value of 355,585,950,000 versus a total put value of 0 Combined total value = 355,585,950,000
Strike 4300 has a total call value of 368,149,650,000 versus a total put value of 0 Combined total value = 368,149,650,000
Strike 4320 has a total call value of 380,713,350,000 versus a total put value of 0 Combined total value = 380,713,350,000
Strike 4340 has a total call value of 393,297,150,000 versus a total put value of 0 Combined total value = 393,297,150,000
Strike 4350 has a total call value of 399,589,200,000 versus a total put value of 0 Combined total value = 399,589,200,000
Strike 4360 has a total call value of 405,881,250,000 versus a total put value of 0 Combined total value = 405,881,250,000
Strike 4400 has a total call value of 431,049,450,000 versus a total put value of 0 Combined total value = 431,049,450,000
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.