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LUPIN
LUPIN LIMITED

1632.65 -83.15 (-4.85%)

Max pain for LUPIN

23 May 2024 04:07 PM IST

Max Pain for LUPIN is 1640  



Strike  1320  has a total call value of 0  versus a total put value of  91,247,500,000 Combined total value = 91,247,500,000

Strike  1340  has a total call value of 0  versus a total put value of  84,516,350,000 Combined total value = 84,516,350,000

Strike  1360  has a total call value of 0  versus a total put value of  77,785,200,000 Combined total value = 77,785,200,000

Strike  1380  has a total call value of 0  versus a total put value of  71,065,100,000 Combined total value = 71,065,100,000

Strike  1400  has a total call value of 0  versus a total put value of  64,345,000,000 Combined total value = 64,345,000,000

Strike  1420  has a total call value of 0  versus a total put value of  57,947,900,000 Combined total value = 57,947,900,000

Strike  1440  has a total call value of 0  versus a total put value of  51,570,350,000 Combined total value = 51,570,350,000

Strike  1460  has a total call value of 0  versus a total put value of  45,304,150,000 Combined total value = 45,304,150,000

Strike  1480  has a total call value of 0  versus a total put value of  39,455,300,000 Combined total value = 39,455,300,000

Strike  1500  has a total call value of 5,950,000  versus a total put value of  33,689,750,000 Combined total value = 33,695,700,000

Strike  1520  has a total call value of 37,400,000  versus a total put value of  28,461,400,000 Combined total value = 28,498,800,000

Strike  1540  has a total call value of 68,850,000  versus a total put value of  23,475,300,000 Combined total value = 23,544,150,000

Strike  1560  has a total call value of 119,000,000  versus a total put value of  18,708,500,000 Combined total value = 18,827,500,000

Strike  1580  has a total call value of 226,950,000  versus a total put value of  14,371,800,000 Combined total value = 14,598,750,000

Strike  1600  has a total call value of 411,400,000  versus a total put value of  10,358,950,000 Combined total value = 10,770,350,000

Strike  1620  has a total call value of 1,020,000,000  versus a total put value of  7,514,850,000 Combined total value = 8,534,850,000

Strike  1640  has a total call value of 2,182,800,000  versus a total put value of  5,039,650,000 Combined total value = 7,222,450,000

Strike  1660  has a total call value of 4,767,650,000  versus a total put value of  3,240,200,000 Combined total value = 8,007,850,000

Strike  1680  has a total call value of 8,379,300,000  versus a total put value of  1,817,300,000 Combined total value = 10,196,600,000

Strike  1700  has a total call value of 13,064,500,000  versus a total put value of  645,150,000 Combined total value = 13,709,650,000

Strike  1720  has a total call value of 20,536,000,000  versus a total put value of  232,900,000 Combined total value = 20,768,900,000

Strike  1740  has a total call value of 30,735,150,000  versus a total put value of  134,300,000 Combined total value = 30,869,450,000

Strike  1760  has a total call value of 42,059,700,000  versus a total put value of  70,550,000 Combined total value = 42,130,250,000

Strike  1780  has a total call value of 54,382,150,000  versus a total put value of  28,900,000 Combined total value = 54,411,050,000

Strike  1800  has a total call value of 67,156,800,000  versus a total put value of  0 Combined total value = 67,156,800,000

Strike  1820  has a total call value of 81,688,400,000  versus a total put value of  0 Combined total value = 81,688,400,000

Strike  1840  has a total call value of 96,414,650,000  versus a total put value of  0 Combined total value = 96,414,650,000

Strike  1860  has a total call value of 111,462,200,000  versus a total put value of  0 Combined total value = 111,462,200,000

Strike  1880  has a total call value of 126,599,850,000  versus a total put value of  0 Combined total value = 126,599,850,000

Strike  1900  has a total call value of 142,310,400,000  versus a total put value of  0 Combined total value = 142,310,400,000

Strike  1920  has a total call value of 158,210,500,000  versus a total put value of  0 Combined total value = 158,210,500,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.