M&M
MAHINDRA & MAHINDRA LTD
Max pain for M&M
26 Jul 2024 04:11 PM IST
Max Pain for M&M is 2850
Strike 2300 has a total call value of 0 versus a total put value of 92,653,050,000 Combined total value = 92,653,050,000
Strike 2320 has a total call value of 0 versus a total put value of 88,205,250,000 Combined total value = 88,205,250,000
Strike 2350 has a total call value of 0 versus a total put value of 81,533,550,000 Combined total value = 81,533,550,000
Strike 2360 has a total call value of 0 versus a total put value of 79,309,650,000 Combined total value = 79,309,650,000
Strike 2400 has a total call value of 0 versus a total put value of 70,414,050,000 Combined total value = 70,414,050,000
Strike 2440 has a total call value of 0 versus a total put value of 61,771,850,000 Combined total value = 61,771,850,000
Strike 2450 has a total call value of 0 versus a total put value of 59,611,300,000 Combined total value = 59,611,300,000
Strike 2480 has a total call value of 0 versus a total put value of 53,171,650,000 Combined total value = 53,171,650,000
Strike 2500 has a total call value of 0 versus a total put value of 48,878,550,000 Combined total value = 48,878,550,000
Strike 2520 has a total call value of 32,900,000 versus a total put value of 45,195,850,000 Combined total value = 45,228,750,000
Strike 2550 has a total call value of 82,250,000 versus a total put value of 39,671,800,000 Combined total value = 39,754,050,000
Strike 2560 has a total call value of 101,500,000 versus a total put value of 37,868,950,000 Combined total value = 37,970,450,000
Strike 2600 has a total call value of 178,500,000 versus a total put value of 30,657,550,000 Combined total value = 30,836,050,000
Strike 2640 has a total call value of 405,300,000 versus a total put value of 24,959,550,000 Combined total value = 25,364,850,000
Strike 2650 has a total call value of 462,000,000 versus a total put value of 23,555,000,000 Combined total value = 24,017,000,000
Strike 2680 has a total call value of 687,750,000 versus a total put value of 19,580,750,000 Combined total value = 20,268,500,000
Strike 2700 has a total call value of 838,250,000 versus a total put value of 16,931,250,000 Combined total value = 17,769,500,000
Strike 2720 has a total call value of 1,153,250,000 versus a total put value of 15,009,750,000 Combined total value = 16,163,000,000
Strike 2750 has a total call value of 1,625,750,000 versus a total put value of 12,127,500,000 Combined total value = 13,753,250,000
Strike 2760 has a total call value of 1,831,550,000 versus a total put value of 11,244,450,000 Combined total value = 13,076,000,000
Strike 2800 has a total call value of 2,654,750,000 versus a total put value of 7,712,250,000 Combined total value = 10,367,000,000
Strike 2840 has a total call value of 4,040,750,000 versus a total put value of 5,568,850,000 Combined total value = 9,609,600,000
Strike 2850 has a total call value of 4,387,250,000 versus a total put value of 5,033,000,000 Combined total value = 9,420,250,000
Strike 2880 has a total call value of 5,786,900,000 versus a total put value of 3,735,200,000 Combined total value = 9,522,100,000
Strike 2900 has a total call value of 6,720,000,000 versus a total put value of 2,870,000,000 Combined total value = 9,590,000,000
Strike 2920 has a total call value of 8,502,200,000 versus a total put value of 2,389,800,000 Combined total value = 10,892,000,000
Strike 2950 has a total call value of 11,175,500,000 versus a total put value of 1,669,500,000 Combined total value = 12,845,000,000
Strike 2960 has a total call value of 12,159,000,000 versus a total put value of 1,464,400,000 Combined total value = 13,623,400,000
Strike 3000 has a total call value of 16,093,000,000 versus a total put value of 644,000,000 Combined total value = 16,737,000,000
Strike 3040 has a total call value of 21,368,200,000 versus a total put value of 413,000,000 Combined total value = 21,781,200,000
Strike 3050 has a total call value of 22,687,000,000 versus a total put value of 355,250,000 Combined total value = 23,042,250,000
Strike 3080 has a total call value of 26,819,800,000 versus a total put value of 252,350,000 Combined total value = 27,072,150,000
Strike 3100 has a total call value of 29,631,000,000 versus a total put value of 183,750,000 Combined total value = 29,814,750,000
Strike 3120 has a total call value of 32,748,800,000 versus a total put value of 142,450,000 Combined total value = 32,891,250,000
Strike 3150 has a total call value of 37,425,500,000 versus a total put value of 80,500,000 Combined total value = 37,506,000,000
Strike 3200 has a total call value of 45,410,750,000 versus a total put value of 0 Combined total value = 45,410,750,000
Strike 3250 has a total call value of 54,271,000,000 versus a total put value of 0 Combined total value = 54,271,000,000
Strike 3300 has a total call value of 63,231,000,000 versus a total put value of 0 Combined total value = 63,231,000,000
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.