LT
LARSEN & TOUBRO LTD.
Max pain for LT
26 Jul 2024 04:11 PM IST
Max Pain for LT is 3600
Strike 2900 has a total call value of 0 versus a total put value of 148,275,750,000 Combined total value = 148,275,750,000
Strike 2950 has a total call value of 0 versus a total put value of 135,547,500,000 Combined total value = 135,547,500,000
Strike 2960 has a total call value of 0 versus a total put value of 133,001,850,000 Combined total value = 133,001,850,000
Strike 3000 has a total call value of 0 versus a total put value of 122,819,250,000 Combined total value = 122,819,250,000
Strike 3040 has a total call value of 0 versus a total put value of 113,188,050,000 Combined total value = 113,188,050,000
Strike 3050 has a total call value of 0 versus a total put value of 110,780,250,000 Combined total value = 110,780,250,000
Strike 3080 has a total call value of 0 versus a total put value of 103,556,850,000 Combined total value = 103,556,850,000
Strike 3100 has a total call value of 0 versus a total put value of 98,741,250,000 Combined total value = 98,741,250,000
Strike 3120 has a total call value of 0 versus a total put value of 94,078,350,000 Combined total value = 94,078,350,000
Strike 3150 has a total call value of 0 versus a total put value of 87,084,000,000 Combined total value = 87,084,000,000
Strike 3160 has a total call value of 0 versus a total put value of 84,752,550,000 Combined total value = 84,752,550,000
Strike 3200 has a total call value of 0 versus a total put value of 75,426,750,000 Combined total value = 75,426,750,000
Strike 3240 has a total call value of 28,200,000 versus a total put value of 66,615,150,000 Combined total value = 66,643,350,000
Strike 3250 has a total call value of 35,250,000 versus a total put value of 64,412,250,000 Combined total value = 64,447,500,000
Strike 3280 has a total call value of 56,400,000 versus a total put value of 57,930,450,000 Combined total value = 57,986,850,000
Strike 3300 has a total call value of 70,500,000 versus a total put value of 53,609,250,000 Combined total value = 53,679,750,000
Strike 3320 has a total call value of 112,500,000 versus a total put value of 49,621,650,000 Combined total value = 49,734,150,000
Strike 3350 has a total call value of 175,500,000 versus a total put value of 43,640,250,000 Combined total value = 43,815,750,000
Strike 3360 has a total call value of 196,500,000 versus a total put value of 41,708,400,000 Combined total value = 41,904,900,000
Strike 3400 has a total call value of 280,500,000 versus a total put value of 33,981,000,000 Combined total value = 34,261,500,000
Strike 3440 has a total call value of 550,500,000 versus a total put value of 27,975,600,000 Combined total value = 28,526,100,000
Strike 3450 has a total call value of 618,000,000 versus a total put value of 26,474,250,000 Combined total value = 27,092,250,000
Strike 3480 has a total call value of 879,450,000 versus a total put value of 22,207,350,000 Combined total value = 23,086,800,000
Strike 3500 has a total call value of 1,053,750,000 versus a total put value of 19,362,750,000 Combined total value = 20,416,500,000
Strike 3520 has a total call value of 1,393,650,000 versus a total put value of 17,307,450,000 Combined total value = 18,701,100,000
Strike 3550 has a total call value of 1,948,050,000 versus a total put value of 14,224,500,000 Combined total value = 16,172,550,000
Strike 3560 has a total call value of 2,189,850,000 versus a total put value of 13,328,400,000 Combined total value = 15,518,250,000
Strike 3600 has a total call value of 3,157,050,000 versus a total put value of 9,744,000,000 Combined total value = 12,901,050,000
Strike 3640 has a total call value of 5,489,250,000 versus a total put value of 7,467,000,000 Combined total value = 12,956,250,000
Strike 3650 has a total call value of 6,072,300,000 versus a total put value of 6,897,750,000 Combined total value = 12,970,050,000
Strike 3680 has a total call value of 8,232,300,000 versus a total put value of 5,461,800,000 Combined total value = 13,694,100,000
Strike 3700 has a total call value of 9,672,300,000 versus a total put value of 4,504,500,000 Combined total value = 14,176,800,000
Strike 3720 has a total call value of 12,318,600,000 versus a total put value of 3,891,900,000 Combined total value = 16,210,500,000
Strike 3750 has a total call value of 16,288,050,000 versus a total put value of 2,973,000,000 Combined total value = 19,261,050,000
Strike 3760 has a total call value of 17,784,600,000 versus a total put value of 2,721,600,000 Combined total value = 20,506,200,000
Strike 3800 has a total call value of 23,770,800,000 versus a total put value of 1,716,000,000 Combined total value = 25,486,800,000
Strike 3840 has a total call value of 31,755,000,000 versus a total put value of 1,219,800,000 Combined total value = 32,974,800,000
Strike 3850 has a total call value of 33,751,050,000 versus a total put value of 1,095,750,000 Combined total value = 34,846,800,000
Strike 3880 has a total call value of 39,982,650,000 versus a total put value of 822,600,000 Combined total value = 40,805,250,000
Strike 3900 has a total call value of 44,137,050,000 versus a total put value of 640,500,000 Combined total value = 44,777,550,000
Strike 3920 has a total call value of 48,739,650,000 versus a total put value of 498,300,000 Combined total value = 49,237,950,000
Strike 3950 has a total call value of 55,643,550,000 versus a total put value of 285,000,000 Combined total value = 55,928,550,000
Strike 3960 has a total call value of 57,987,900,000 versus a total put value of 228,900,000 Combined total value = 58,216,800,000
Strike 4000 has a total call value of 67,365,300,000 versus a total put value of 4,500,000 Combined total value = 67,369,800,000
Strike 4040 has a total call value of 79,376,700,000 versus a total put value of 3,900,000 Combined total value = 79,380,600,000
Strike 4050 has a total call value of 82,379,550,000 versus a total put value of 3,750,000 Combined total value = 82,383,300,000
Strike 4080 has a total call value of 91,388,100,000 versus a total put value of 3,300,000 Combined total value = 91,391,400,000
Strike 4100 has a total call value of 97,393,800,000 versus a total put value of 3,000,000 Combined total value = 97,396,800,000
Strike 4120 has a total call value of 103,690,200,000 versus a total put value of 2,700,000 Combined total value = 103,692,900,000
Strike 4150 has a total call value of 113,134,800,000 versus a total put value of 2,250,000 Combined total value = 113,137,050,000
Strike 4160 has a total call value of 116,283,000,000 versus a total put value of 2,100,000 Combined total value = 116,285,100,000
Strike 4200 has a total call value of 128,875,800,000 versus a total put value of 1,500,000 Combined total value = 128,877,300,000
Strike 4240 has a total call value of 142,000,200,000 versus a total put value of 900,000 Combined total value = 142,001,100,000
Strike 4250 has a total call value of 145,281,300,000 versus a total put value of 750,000 Combined total value = 145,282,050,000
Strike 4280 has a total call value of 155,124,600,000 versus a total put value of 300,000 Combined total value = 155,124,900,000
Strike 4300 has a total call value of 161,686,800,000 versus a total put value of 0 Combined total value = 161,686,800,000
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.