LUPIN
Lupin Limited
Max pain for LUPIN
06 Sep 2024 04:12 PM IST
Max Pain for LUPIN is 2240
Strike 1600 has a total call value of 0 versus a total put value of 151,983,400,000 Combined total value = 151,983,400,000
Strike 1620 has a total call value of 66,300,000 versus a total put value of 146,572,300,000 Combined total value = 146,638,600,000
Strike 1640 has a total call value of 132,600,000 versus a total put value of 141,161,200,000 Combined total value = 141,293,800,000
Strike 1660 has a total call value of 198,900,000 versus a total put value of 135,750,100,000 Combined total value = 135,949,000,000
Strike 1680 has a total call value of 265,200,000 versus a total put value of 130,339,000,000 Combined total value = 130,604,200,000
Strike 1700 has a total call value of 331,500,000 versus a total put value of 124,927,900,000 Combined total value = 125,259,400,000
Strike 1720 has a total call value of 397,800,000 versus a total put value of 119,516,800,000 Combined total value = 119,914,600,000
Strike 1740 has a total call value of 464,100,000 versus a total put value of 114,105,700,000 Combined total value = 114,569,800,000
Strike 1760 has a total call value of 530,400,000 versus a total put value of 108,694,600,000 Combined total value = 109,225,000,000
Strike 1780 has a total call value of 596,700,000 versus a total put value of 103,283,500,000 Combined total value = 103,880,200,000
Strike 1800 has a total call value of 663,000,000 versus a total put value of 97,872,400,000 Combined total value = 98,535,400,000
Strike 1820 has a total call value of 729,300,000 versus a total put value of 92,528,450,000 Combined total value = 93,257,750,000
Strike 1840 has a total call value of 795,600,000 versus a total put value of 87,184,500,000 Combined total value = 87,980,100,000
Strike 1860 has a total call value of 861,900,000 versus a total put value of 81,840,550,000 Combined total value = 82,702,450,000
Strike 1880 has a total call value of 928,200,000 versus a total put value of 76,496,600,000 Combined total value = 77,424,800,000
Strike 1900 has a total call value of 994,500,000 versus a total put value of 71,152,650,000 Combined total value = 72,147,150,000
Strike 1920 has a total call value of 1,082,050,000 versus a total put value of 66,021,200,000 Combined total value = 67,103,250,000
Strike 1940 has a total call value of 1,169,600,000 versus a total put value of 60,889,750,000 Combined total value = 62,059,350,000
Strike 1960 has a total call value of 1,257,150,000 versus a total put value of 55,758,300,000 Combined total value = 57,015,450,000
Strike 1980 has a total call value of 1,344,700,000 versus a total put value of 50,626,850,000 Combined total value = 51,971,550,000
Strike 2000 has a total call value of 1,432,250,000 versus a total put value of 45,645,850,000 Combined total value = 47,078,100,000
Strike 2020 has a total call value of 1,519,800,000 versus a total put value of 41,094,100,000 Combined total value = 42,613,900,000
Strike 2040 has a total call value of 1,607,350,000 versus a total put value of 36,568,700,000 Combined total value = 38,176,050,000
Strike 2060 has a total call value of 1,694,900,000 versus a total put value of 32,199,700,000 Combined total value = 33,894,600,000
Strike 2080 has a total call value of 1,790,950,000 versus a total put value of 27,927,600,000 Combined total value = 29,718,550,000
Strike 2100 has a total call value of 1,887,000,000 versus a total put value of 23,734,550,000 Combined total value = 25,621,550,000
Strike 2120 has a total call value of 2,204,900,000 versus a total put value of 20,080,400,000 Combined total value = 22,285,300,000
Strike 2140 has a total call value of 2,637,550,000 versus a total put value of 16,596,250,000 Combined total value = 19,233,800,000
Strike 2160 has a total call value of 3,125,450,000 versus a total put value of 13,380,700,000 Combined total value = 16,506,150,000
Strike 2180 has a total call value of 3,703,450,000 versus a total put value of 10,364,900,000 Combined total value = 14,068,350,000
Strike 2200 has a total call value of 4,379,200,000 versus a total put value of 7,525,900,000 Combined total value = 11,905,100,000
Strike 2220 has a total call value of 5,513,950,000 versus a total put value of 5,418,750,000 Combined total value = 10,932,700,000
Strike 2240 has a total call value of 7,116,200,000 versus a total put value of 3,605,700,000 Combined total value = 10,721,900,000
Strike 2260 has a total call value of 9,108,600,000 versus a total put value of 2,162,400,000 Combined total value = 11,271,000,000
Strike 2280 has a total call value of 11,616,950,000 versus a total put value of 1,150,050,000 Combined total value = 12,767,000,000
Strike 2300 has a total call value of 14,484,850,000 versus a total put value of 430,950,000 Combined total value = 14,915,800,000
Strike 2320 has a total call value of 19,161,550,000 versus a total put value of 240,550,000 Combined total value = 19,402,100,000
Strike 2340 has a total call value of 24,253,900,000 versus a total put value of 130,900,000 Combined total value = 24,384,800,000
Strike 2360 has a total call value of 29,619,950,000 versus a total put value of 73,100,000 Combined total value = 29,693,050,000
Strike 2380 has a total call value of 35,450,950,000 versus a total put value of 39,950,000 Combined total value = 35,490,900,000
Strike 2400 has a total call value of 41,378,000,000 versus a total put value of 10,200,000 Combined total value = 41,388,200,000
Strike 2420 has a total call value of 47,977,400,000 versus a total put value of 7,650,000 Combined total value = 47,985,050,000
Strike 2440 has a total call value of 54,702,600,000 versus a total put value of 5,100,000 Combined total value = 54,707,700,000
Strike 2460 has a total call value of 61,846,000,000 versus a total put value of 2,550,000 Combined total value = 61,848,550,000
Strike 2480 has a total call value of 68,989,400,000 versus a total put value of 0 Combined total value = 68,989,400,000
Strike 2500 has a total call value of 76,403,100,000 versus a total put value of 0 Combined total value = 76,403,100,000
Strike 2520 has a total call value of 83,816,800,000 versus a total put value of 0 Combined total value = 83,816,800,000
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.