M&M
MAHINDRA & MAHINDRA LTD
Max pain for M&M
29 Nov 2023 04:17 PM IST
Max Pain for M&M is 1540
Strike 1300 has a total call value of 0 versus a total put value of 52,280,200,000 Combined total value = 52,280,200,000
Strike 1320 has a total call value of 12,600,000 versus a total put value of 47,231,800,000 Combined total value = 47,244,400,000
Strike 1340 has a total call value of 25,200,000 versus a total put value of 42,211,400,000 Combined total value = 42,236,600,000
Strike 1350 has a total call value of 31,500,000 versus a total put value of 39,736,550,000 Combined total value = 39,768,050,000
Strike 1360 has a total call value of 37,800,000 versus a total put value of 37,305,800,000 Combined total value = 37,343,600,000
Strike 1370 has a total call value of 44,100,000 versus a total put value of 34,875,050,000 Combined total value = 34,919,150,000
Strike 1380 has a total call value of 50,400,000 versus a total put value of 32,444,300,000 Combined total value = 32,494,700,000
Strike 1390 has a total call value of 56,700,000 versus a total put value of 30,033,500,000 Combined total value = 30,090,200,000
Strike 1400 has a total call value of 63,000,000 versus a total put value of 27,638,100,000 Combined total value = 27,701,100,000
Strike 1410 has a total call value of 99,750,000 versus a total put value of 25,341,750,000 Combined total value = 25,441,500,000
Strike 1420 has a total call value of 136,500,000 versus a total put value of 23,045,400,000 Combined total value = 23,181,900,000
Strike 1430 has a total call value of 173,250,000 versus a total put value of 20,840,750,000 Combined total value = 21,014,000,000
Strike 1440 has a total call value of 210,000,000 versus a total put value of 18,674,600,000 Combined total value = 18,884,600,000
Strike 1450 has a total call value of 246,750,000 versus a total put value of 16,548,350,000 Combined total value = 16,795,100,000
Strike 1460 has a total call value of 308,700,000 versus a total put value of 14,549,850,000 Combined total value = 14,858,550,000
Strike 1470 has a total call value of 405,650,000 versus a total put value of 12,758,550,000 Combined total value = 13,164,200,000
Strike 1480 has a total call value of 545,300,000 versus a total put value of 11,039,350,000 Combined total value = 11,584,650,000
Strike 1490 has a total call value of 748,300,000 versus a total put value of 9,467,500,000 Combined total value = 10,215,800,000
Strike 1500 has a total call value of 1,002,400,000 versus a total put value of 7,942,550,000 Combined total value = 8,944,950,000
Strike 1510 has a total call value of 1,635,550,000 versus a total put value of 6,833,400,000 Combined total value = 8,468,950,000
Strike 1520 has a total call value of 2,291,450,000 versus a total put value of 5,786,900,000 Combined total value = 8,078,350,000
Strike 1530 has a total call value of 2,978,150,000 versus a total put value of 4,830,000,000 Combined total value = 7,808,150,000
Strike 1540 has a total call value of 3,726,800,000 versus a total put value of 3,943,800,000 Combined total value = 7,670,600,000
Strike 1550 has a total call value of 4,556,300,000 versus a total put value of 3,131,450,000 Combined total value = 7,687,750,000
Strike 1560 has a total call value of 5,512,850,000 versus a total put value of 2,416,400,000 Combined total value = 7,929,250,000
Strike 1570 has a total call value of 6,572,300,000 versus a total put value of 1,774,500,000 Combined total value = 8,346,800,000
Strike 1580 has a total call value of 8,095,850,000 versus a total put value of 1,237,600,000 Combined total value = 9,333,450,000
Strike 1590 has a total call value of 9,742,250,000 versus a total put value of 851,200,000 Combined total value = 10,593,450,000
Strike 1600 has a total call value of 11,449,200,000 versus a total put value of 528,150,000 Combined total value = 11,977,350,000
Strike 1610 has a total call value of 13,392,400,000 versus a total put value of 374,850,000 Combined total value = 13,767,250,000
Strike 1620 has a total call value of 15,404,900,000 versus a total put value of 264,950,000 Combined total value = 15,669,850,000
Strike 1630 has a total call value of 17,591,000,000 versus a total put value of 184,450,000 Combined total value = 17,775,450,000
Strike 1640 has a total call value of 19,892,950,000 versus a total put value of 114,100,000 Combined total value = 20,007,050,000
Strike 1650 has a total call value of 22,287,300,000 versus a total put value of 63,700,000 Combined total value = 22,351,000,000
Strike 1660 has a total call value of 24,871,000,000 versus a total put value of 45,150,000 Combined total value = 24,916,150,000
Strike 1670 has a total call value of 27,518,050,000 versus a total put value of 29,400,000 Combined total value = 27,547,450,000
Strike 1680 has a total call value of 30,222,850,000 versus a total put value of 19,600,000 Combined total value = 30,242,450,000
Strike 1690 has a total call value of 32,958,100,000 versus a total put value of 9,800,000 Combined total value = 32,967,900,000
Strike 1700 has a total call value of 35,719,600,000 versus a total put value of 0 Combined total value = 35,719,600,000
Strike 1710 has a total call value of 38,705,800,000 versus a total put value of 0 Combined total value = 38,705,800,000
Strike 1720 has a total call value of 41,707,050,000 versus a total put value of 0 Combined total value = 41,707,050,000
Strike 1730 has a total call value of 44,722,300,000 versus a total put value of 0 Combined total value = 44,722,300,000
Strike 1740 has a total call value of 47,741,400,000 versus a total put value of 0 Combined total value = 47,741,400,000
Strike 1750 has a total call value of 50,777,300,000 versus a total put value of 0 Combined total value = 50,777,300,000
Strike 1760 has a total call value of 53,856,950,000 versus a total put value of 0 Combined total value = 53,856,950,000
Strike 1770 has a total call value of 56,936,600,000 versus a total put value of 0 Combined total value = 56,936,600,000
Strike 1780 has a total call value of 60,024,300,000 versus a total put value of 0 Combined total value = 60,024,300,000
Strike 1790 has a total call value of 63,112,000,000 versus a total put value of 0 Combined total value = 63,112,000,000
Strike 1800 has a total call value of 66,199,700,000 versus a total put value of 0 Combined total value = 66,199,700,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.