LTTS
L&T TECHNOLOGY SER. LTD.
Max pain for LTTS
04 Jul 2024 12:42 PM IST
Max Pain for LTTS is 5000
Strike 4200 has a total call value of 0 versus a total put value of 15,102,000,000 Combined total value = 15,102,000,000
Strike 4250 has a total call value of 0 versus a total put value of 13,593,000,000 Combined total value = 13,593,000,000
Strike 4300 has a total call value of 0 versus a total put value of 12,084,000,000 Combined total value = 12,084,000,000
Strike 4350 has a total call value of 0 versus a total put value of 10,836,500,000 Combined total value = 10,836,500,000
Strike 4400 has a total call value of 0 versus a total put value of 9,589,000,000 Combined total value = 9,589,000,000
Strike 4450 has a total call value of 0 versus a total put value of 8,477,500,000 Combined total value = 8,477,500,000
Strike 4500 has a total call value of 0 versus a total put value of 7,366,000,000 Combined total value = 7,366,000,000
Strike 4550 has a total call value of 27,000,000 versus a total put value of 6,436,000,000 Combined total value = 6,463,000,000
Strike 4600 has a total call value of 54,000,000 versus a total put value of 5,506,000,000 Combined total value = 5,560,000,000
Strike 4650 has a total call value of 92,500,000 versus a total put value of 4,673,500,000 Combined total value = 4,766,000,000
Strike 4700 has a total call value of 131,000,000 versus a total put value of 3,841,000,000 Combined total value = 3,972,000,000
Strike 4750 has a total call value of 169,500,000 versus a total put value of 3,076,500,000 Combined total value = 3,246,000,000
Strike 4800 has a total call value of 208,000,000 versus a total put value of 2,343,500,000 Combined total value = 2,551,500,000
Strike 4850 has a total call value of 305,000,000 versus a total put value of 1,773,500,000 Combined total value = 2,078,500,000
Strike 4900 has a total call value of 402,000,000 versus a total put value of 1,236,500,000 Combined total value = 1,638,500,000
Strike 4950 has a total call value of 614,000,000 versus a total put value of 806,000,000 Combined total value = 1,420,000,000
Strike 5000 has a total call value of 857,500,000 versus a total put value of 396,500,000 Combined total value = 1,254,000,000
Strike 5050 has a total call value of 1,429,000,000 versus a total put value of 231,000,000 Combined total value = 1,660,000,000
Strike 5100 has a total call value of 2,087,000,000 versus a total put value of 93,500,000 Combined total value = 2,180,500,000
Strike 5150 has a total call value of 3,159,500,000 versus a total put value of 41,000,000 Combined total value = 3,200,500,000
Strike 5200 has a total call value of 4,264,000,000 versus a total put value of 0 Combined total value = 4,264,000,000
Strike 5250 has a total call value of 5,683,000,000 versus a total put value of 0 Combined total value = 5,683,000,000
Strike 5300 has a total call value of 7,114,000,000 versus a total put value of 0 Combined total value = 7,114,000,000
Strike 5350 has a total call value of 8,682,500,000 versus a total put value of 0 Combined total value = 8,682,500,000
Strike 5400 has a total call value of 10,260,000,000 versus a total put value of 0 Combined total value = 10,260,000,000
Strike 5450 has a total call value of 11,965,500,000 versus a total put value of 0 Combined total value = 11,965,500,000
Strike 5500 has a total call value of 13,673,000,000 versus a total put value of 0 Combined total value = 13,673,000,000
Strike 5550 has a total call value of 15,723,000,000 versus a total put value of 0 Combined total value = 15,723,000,000
Strike 5600 has a total call value of 17,773,000,000 versus a total put value of 0 Combined total value = 17,773,000,000
Strike 5650 has a total call value of 19,894,000,000 versus a total put value of 0 Combined total value = 19,894,000,000
Strike 5700 has a total call value of 22,015,000,000 versus a total put value of 0 Combined total value = 22,015,000,000
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.