LTF
L&t Finance Limited
Max pain for LTF
18 Oct 2024 10:43 AM IST
Max Pain for LTF is 170
Strike 150 has a total call value of 0 versus a total put value of 30,607,089,000 Combined total value = 30,607,089,000
Strike 152.5 has a total call value of 0 versus a total put value of 27,083,224,500 Combined total value = 27,083,224,500
Strike 155 has a total call value of 4,462,000 versus a total put value of 23,595,056,000 Combined total value = 23,599,518,000
Strike 157.5 has a total call value of 8,924,000 versus a total put value of 20,355,644,000 Combined total value = 20,364,568,000
Strike 160 has a total call value of 13,386,000 versus a total put value of 17,184,277,500 Combined total value = 17,197,663,500
Strike 162.5 has a total call value of 137,206,500 versus a total put value of 14,798,223,000 Combined total value = 14,935,429,500
Strike 165 has a total call value of 261,027,000 versus a total put value of 12,519,256,500 Combined total value = 12,780,283,500
Strike 167.5 has a total call value of 749,616,000 versus a total put value of 10,240,290,000 Combined total value = 10,989,906,000
Strike 170 has a total call value of 1,388,797,500 versus a total put value of 8,110,800,500 Combined total value = 9,499,598,000
Strike 172.5 has a total call value of 3,179,175,000 versus a total put value of 6,676,267,500 Combined total value = 9,855,442,500
Strike 175 has a total call value of 5,195,999,000 versus a total put value of 5,241,734,500 Combined total value = 10,437,733,500
Strike 177.5 has a total call value of 8,648,471,500 versus a total put value of 4,434,112,500 Combined total value = 13,082,584,000
Strike 180 has a total call value of 12,250,421,000 versus a total put value of 3,716,846,000 Combined total value = 15,967,267,000
Strike 182.5 has a total call value of 17,135,195,500 versus a total put value of 2,999,579,500 Combined total value = 20,134,775,000
Strike 185 has a total call value of 22,236,377,000 versus a total put value of 2,345,896,500 Combined total value = 24,582,273,500
Strike 187.5 has a total call value of 28,100,560,500 versus a total put value of 1,692,213,500 Combined total value = 29,792,774,000
Strike 190 has a total call value of 33,964,744,000 versus a total put value of 1,038,530,500 Combined total value = 35,003,274,500
Strike 192.5 has a total call value of 42,183,748,000 versus a total put value of 797,582,500 Combined total value = 42,981,330,500
Strike 195 has a total call value of 50,546,651,500 versus a total put value of 591,215,000 Combined total value = 51,137,866,500
Strike 197.5 has a total call value of 59,229,703,500 versus a total put value of 384,847,500 Combined total value = 59,614,551,000
Strike 200 has a total call value of 67,945,105,000 versus a total put value of 189,635,000 Combined total value = 68,134,740,000
Strike 202.5 has a total call value of 77,816,164,500 versus a total put value of 122,705,000 Combined total value = 77,938,869,500
Strike 205 has a total call value of 87,812,160,000 versus a total put value of 66,930,000 Combined total value = 87,879,090,000
Strike 207.5 has a total call value of 97,808,155,500 versus a total put value of 33,465,000 Combined total value = 97,841,620,500
Strike 210 has a total call value of 107,804,151,000 versus a total put value of 0 Combined total value = 107,804,151,000
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.
