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M&M
MAHINDRA & MAHINDRA LTD

1960.1 -12.85 (-0.65%)


Strike  1340  has a total call value of 0  versus a total put value of  138,067,300,000 Combined total value = 138,067,300,000

Strike  1360  has a total call value of 2,800,000  versus a total put value of  132,472,200,000 Combined total value = 132,475,000,000

Strike  1380  has a total call value of 5,600,000  versus a total put value of  126,877,100,000 Combined total value = 126,882,700,000

Strike  1400  has a total call value of 8,400,000  versus a total put value of  121,282,000,000 Combined total value = 121,290,400,000

Strike  1420  has a total call value of 11,200,000  versus a total put value of  115,686,900,000 Combined total value = 115,698,100,000

Strike  1440  has a total call value of 14,000,000  versus a total put value of  110,091,800,000 Combined total value = 110,105,800,000

Strike  1460  has a total call value of 16,800,000  versus a total put value of  104,496,700,000 Combined total value = 104,513,500,000

Strike  1480  has a total call value of 19,600,000  versus a total put value of  98,901,600,000 Combined total value = 98,921,200,000

Strike  1500  has a total call value of 22,400,000  versus a total put value of  93,306,500,000 Combined total value = 93,328,900,000

Strike  1520  has a total call value of 25,200,000  versus a total put value of  87,711,400,000 Combined total value = 87,736,600,000

Strike  1540  has a total call value of 28,000,000  versus a total put value of  82,116,300,000 Combined total value = 82,144,300,000

Strike  1560  has a total call value of 30,800,000  versus a total put value of  76,521,200,000 Combined total value = 76,552,000,000

Strike  1580  has a total call value of 33,600,000  versus a total put value of  70,926,100,000 Combined total value = 70,959,700,000

Strike  1600  has a total call value of 36,400,000  versus a total put value of  65,331,000,000 Combined total value = 65,367,400,000

Strike  1620  has a total call value of 39,200,000  versus a total put value of  59,918,600,000 Combined total value = 59,957,800,000

Strike  1640  has a total call value of 42,000,000  versus a total put value of  54,506,200,000 Combined total value = 54,548,200,000

Strike  1660  has a total call value of 44,800,000  versus a total put value of  49,104,300,000 Combined total value = 49,149,100,000

Strike  1680  has a total call value of 47,600,000  versus a total put value of  43,702,400,000 Combined total value = 43,750,000,000

Strike  1700  has a total call value of 50,400,000  versus a total put value of  38,300,500,000 Combined total value = 38,350,900,000

Strike  1720  has a total call value of 53,200,000  versus a total put value of  33,510,400,000 Combined total value = 33,563,600,000

Strike  1740  has a total call value of 56,000,000  versus a total put value of  28,770,700,000 Combined total value = 28,826,700,000

Strike  1760  has a total call value of 58,800,000  versus a total put value of  24,756,200,000 Combined total value = 24,815,000,000

Strike  1780  has a total call value of 77,700,000  versus a total put value of  21,007,000,000 Combined total value = 21,084,700,000

Strike  1800  has a total call value of 96,600,000  versus a total put value of  17,407,600,000 Combined total value = 17,504,200,000

Strike  1820  has a total call value of 115,500,000  versus a total put value of  14,487,900,000 Combined total value = 14,603,400,000

Strike  1840  has a total call value of 134,400,000  versus a total put value of  11,654,300,000 Combined total value = 11,788,700,000

Strike  1860  has a total call value of 153,300,000  versus a total put value of  9,034,200,000 Combined total value = 9,187,500,000

Strike  1880  has a total call value of 172,200,000  versus a total put value of  6,668,200,000 Combined total value = 6,840,400,000

Strike  1900  has a total call value of 191,100,000  versus a total put value of  4,437,300,000 Combined total value = 4,628,400,000

Strike  1920  has a total call value of 518,700,000  versus a total put value of  2,929,500,000 Combined total value = 3,448,200,000

Strike  1940  has a total call value of 989,100,000  versus a total put value of  1,600,200,000 Combined total value = 2,589,300,000

Strike  1960  has a total call value of 1,850,800,000  versus a total put value of  597,800,000 Combined total value = 2,448,600,000

Strike  1980  has a total call value of 3,259,900,000  versus a total put value of  244,300,000 Combined total value = 3,504,200,000

Strike  2000  has a total call value of 5,257,700,000  versus a total put value of  0 Combined total value = 5,257,700,000

Strike  2020  has a total call value of 8,649,200,000  versus a total put value of  0 Combined total value = 8,649,200,000

Strike  2040  has a total call value of 12,183,500,000  versus a total put value of  0 Combined total value = 12,183,500,000

Strike  2060  has a total call value of 15,906,800,000  versus a total put value of  0 Combined total value = 15,906,800,000

Strike  2080  has a total call value of 19,843,600,000  versus a total put value of  0 Combined total value = 19,843,600,000

Strike  2100  has a total call value of 23,863,000,000  versus a total put value of  0 Combined total value = 23,863,000,000

Strike  2120  has a total call value of 28,485,100,000  versus a total put value of  0 Combined total value = 28,485,100,000

Strike  2140  has a total call value of 33,241,600,000  versus a total put value of  0 Combined total value = 33,241,600,000

Strike  2160  has a total call value of 37,998,100,000  versus a total put value of  0 Combined total value = 37,998,100,000

Strike  2180  has a total call value of 43,038,100,000  versus a total put value of  0 Combined total value = 43,038,100,000

Strike  2200  has a total call value of 48,078,100,000  versus a total put value of  0 Combined total value = 48,078,100,000

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.