LUPIN
LUPIN LIMITED
Max pain for LUPIN
29 Nov 2023 04:17 PM IST
Max Pain for LUPIN is 1220
Strike 980 has a total call value of 0 versus a total put value of 61,878,300,000 Combined total value = 61,878,300,000
Strike 990 has a total call value of 0 versus a total put value of 58,541,200,000 Combined total value = 58,541,200,000
Strike 1000 has a total call value of 0 versus a total put value of 55,210,050,000 Combined total value = 55,210,050,000
Strike 1010 has a total call value of 12,750,000 versus a total put value of 51,998,750,000 Combined total value = 52,011,500,000
Strike 1020 has a total call value of 25,500,000 versus a total put value of 48,787,450,000 Combined total value = 48,812,950,000
Strike 1030 has a total call value of 38,250,000 versus a total put value of 45,582,950,000 Combined total value = 45,621,200,000
Strike 1040 has a total call value of 51,000,000 versus a total put value of 42,378,450,000 Combined total value = 42,429,450,000
Strike 1050 has a total call value of 63,750,000 versus a total put value of 39,199,450,000 Combined total value = 39,263,200,000
Strike 1060 has a total call value of 76,500,000 versus a total put value of 36,086,750,000 Combined total value = 36,163,250,000
Strike 1070 has a total call value of 90,100,000 versus a total put value of 33,036,950,000 Combined total value = 33,127,050,000
Strike 1080 has a total call value of 103,700,000 versus a total put value of 30,011,800,000 Combined total value = 30,115,500,000
Strike 1090 has a total call value of 117,300,000 versus a total put value of 27,066,550,000 Combined total value = 27,183,850,000
Strike 1100 has a total call value of 130,900,000 versus a total put value of 24,161,250,000 Combined total value = 24,292,150,000
Strike 1110 has a total call value of 204,850,000 versus a total put value of 21,618,050,000 Combined total value = 21,822,900,000
Strike 1120 has a total call value of 278,800,000 versus a total put value of 19,091,000,000 Combined total value = 19,369,800,000
Strike 1130 has a total call value of 352,750,000 versus a total put value of 16,675,300,000 Combined total value = 17,028,050,000
Strike 1140 has a total call value of 444,550,000 versus a total put value of 14,348,850,000 Combined total value = 14,793,400,000
Strike 1150 has a total call value of 568,650,000 versus a total put value of 12,208,550,000 Combined total value = 12,777,200,000
Strike 1160 has a total call value of 753,100,000 versus a total put value of 10,220,400,000 Combined total value = 10,973,500,000
Strike 1170 has a total call value of 980,900,000 versus a total put value of 8,343,600,000 Combined total value = 9,324,500,000
Strike 1180 has a total call value of 1,225,700,000 versus a total put value of 6,562,850,000 Combined total value = 7,788,550,000
Strike 1190 has a total call value of 1,515,550,000 versus a total put value of 4,969,950,000 Combined total value = 6,485,500,000
Strike 1200 has a total call value of 1,859,800,000 versus a total put value of 3,474,800,000 Combined total value = 5,334,600,000
Strike 1210 has a total call value of 2,388,500,000 versus a total put value of 2,324,750,000 Combined total value = 4,713,250,000
Strike 1220 has a total call value of 3,004,750,000 versus a total put value of 1,286,050,000 Combined total value = 4,290,800,000
Strike 1230 has a total call value of 3,848,800,000 versus a total put value of 645,150,000 Combined total value = 4,493,950,000
Strike 1240 has a total call value of 4,984,400,000 versus a total put value of 295,800,000 Combined total value = 5,280,200,000
Strike 1250 has a total call value of 6,469,350,000 versus a total put value of 169,150,000 Combined total value = 6,638,500,000
Strike 1260 has a total call value of 8,349,550,000 versus a total put value of 104,550,000 Combined total value = 8,454,100,000
Strike 1270 has a total call value of 10,824,750,000 versus a total put value of 58,650,000 Combined total value = 10,883,400,000
Strike 1280 has a total call value of 13,510,750,000 versus a total put value of 28,900,000 Combined total value = 13,539,650,000
Strike 1290 has a total call value of 16,458,550,000 versus a total put value of 14,450,000 Combined total value = 16,473,000,000
Strike 1300 has a total call value of 19,466,700,000 versus a total put value of 0 Combined total value = 19,466,700,000
Strike 1310 has a total call value of 22,939,800,000 versus a total put value of 0 Combined total value = 22,939,800,000
Strike 1320 has a total call value of 26,474,950,000 versus a total put value of 0 Combined total value = 26,474,950,000
Strike 1330 has a total call value of 30,090,850,000 versus a total put value of 0 Combined total value = 30,090,850,000
Strike 1340 has a total call value of 33,742,450,000 versus a total put value of 0 Combined total value = 33,742,450,000
Strike 1350 has a total call value of 37,422,950,000 versus a total put value of 0 Combined total value = 37,422,950,000
Strike 1360 has a total call value of 41,194,400,000 versus a total put value of 0 Combined total value = 41,194,400,000
Strike 1370 has a total call value of 45,078,900,000 versus a total put value of 0 Combined total value = 45,078,900,000
Strike 1380 has a total call value of 48,971,900,000 versus a total put value of 0 Combined total value = 48,971,900,000
Strike 1390 has a total call value of 52,903,150,000 versus a total put value of 0 Combined total value = 52,903,150,000
Strike 1400 has a total call value of 56,863,300,000 versus a total put value of 0 Combined total value = 56,863,300,000
Max Pain - Choose a symbol
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O
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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.