M&MFIN
Mahindra & Mahindra Financial Services Limited
Max pain for M&MFIN
25 Sep 2023 10:41 AM IST
Max Pain for M&MFIN is 300
Strike 230 has a total call value of 0 versus a total put value of 583,956,000 Combined total value = 583,956,000
Strike 235 has a total call value of 0 versus a total put value of 530,356,000 Combined total value = 530,356,000
Strike 240 has a total call value of 0 versus a total put value of 476,756,000 Combined total value = 476,756,000
Strike 245 has a total call value of 0 versus a total put value of 423,376,000 Combined total value = 423,376,000
Strike 250 has a total call value of 0 versus a total put value of 369,996,000 Combined total value = 369,996,000
Strike 255 has a total call value of 0 versus a total put value of 318,716,000 Combined total value = 318,716,000
Strike 260 has a total call value of 20,000 versus a total put value of 267,956,000 Combined total value = 267,976,000
Strike 264 has a total call value of 36,000 versus a total put value of 228,916,000 Combined total value = 228,952,000
Strike 265 has a total call value of 40,000 versus a total put value of 219,256,000 Combined total value = 219,296,000
Strike 269 has a total call value of 56,000 versus a total put value of 181,256,000 Combined total value = 181,312,000
Strike 270 has a total call value of 60,000 versus a total put value of 171,864,000 Combined total value = 171,924,000
Strike 274 has a total call value of 108,000 versus a total put value of 137,112,000 Combined total value = 137,220,000
Strike 275 has a total call value of 128,000 versus a total put value of 128,632,000 Combined total value = 128,760,000
Strike 279 has a total call value of 240,000 versus a total put value of 100,824,000 Combined total value = 101,064,000
Strike 280 has a total call value of 292,000 versus a total put value of 93,996,000 Combined total value = 94,288,000
Strike 284 has a total call value of 1,012,000 versus a total put value of 71,836,000 Combined total value = 72,848,000
Strike 285 has a total call value of 1,224,000 versus a total put value of 66,464,000 Combined total value = 67,688,000
Strike 289 has a total call value of 2,328,000 versus a total put value of 46,608,000 Combined total value = 48,936,000
Strike 290 has a total call value of 2,664,000 versus a total put value of 41,792,000 Combined total value = 44,456,000
Strike 294 has a total call value of 6,776,000 versus a total put value of 29,120,000 Combined total value = 35,896,000
Strike 295 has a total call value of 7,932,000 versus a total put value of 26,092,000 Combined total value = 34,024,000
Strike 299 has a total call value of 14,380,000 versus a total put value of 16,012,000 Combined total value = 30,392,000
Strike 300 has a total call value of 16,144,000 versus a total put value of 13,684,000 Combined total value = 29,828,000
Strike 304 has a total call value of 27,808,000 versus a total put value of 8,724,000 Combined total value = 36,532,000
Strike 305 has a total call value of 30,936,000 versus a total put value of 7,576,000 Combined total value = 38,512,000
Strike 309 has a total call value of 48,152,000 versus a total put value of 4,472,000 Combined total value = 52,624,000
Strike 310 has a total call value of 53,056,000 versus a total put value of 3,780,000 Combined total value = 56,836,000
Strike 314 has a total call value of 91,408,000 versus a total put value of 2,724,000 Combined total value = 94,132,000
Strike 315 has a total call value of 101,324,000 versus a total put value of 2,484,000 Combined total value = 103,808,000
Strike 319 has a total call value of 146,588,000 versus a total put value of 1,700,000 Combined total value = 148,288,000
Strike 320 has a total call value of 158,100,000 versus a total put value of 1,532,000 Combined total value = 159,632,000
Strike 324 has a total call value of 212,196,000 versus a total put value of 1,132,000 Combined total value = 213,328,000
Strike 325 has a total call value of 225,828,000 versus a total put value of 1,048,000 Combined total value = 226,876,000
Strike 329 has a total call value of 283,844,000 versus a total put value of 744,000 Combined total value = 284,588,000
Strike 330 has a total call value of 298,400,000 versus a total put value of 680,000 Combined total value = 299,080,000
Strike 334 has a total call value of 360,896,000 versus a total put value of 536,000 Combined total value = 361,432,000
Strike 335 has a total call value of 376,556,000 versus a total put value of 500,000 Combined total value = 377,056,000
Strike 339 has a total call value of 441,452,000 versus a total put value of 372,000 Combined total value = 441,824,000
Strike 340 has a total call value of 457,716,000 versus a total put value of 340,000 Combined total value = 458,056,000
Strike 344 has a total call value of 524,932,000 versus a total put value of 212,000 Combined total value = 525,144,000
Strike 345 has a total call value of 541,748,000 versus a total put value of 180,000 Combined total value = 541,928,000
Strike 349 has a total call value of 609,252,000 versus a total put value of 52,000 Combined total value = 609,304,000
Strike 350 has a total call value of 626,136,000 versus a total put value of 20,000 Combined total value = 626,156,000
Strike 354 has a total call value of 705,880,000 versus a total put value of 4,000 Combined total value = 705,884,000
Strike 355 has a total call value of 725,816,000 versus a total put value of 0 Combined total value = 725,816,000
Strike 359 has a total call value of 805,816,000 versus a total put value of 0 Combined total value = 805,816,000
Strike 360 has a total call value of 825,816,000 versus a total put value of 0 Combined total value = 825,816,000
Strike 364 has a total call value of 906,648,000 versus a total put value of 0 Combined total value = 906,648,000
Strike 365 has a total call value of 926,856,000 versus a total put value of 0 Combined total value = 926,856,000
Strike 369 has a total call value of 1,007,752,000 versus a total put value of 0 Combined total value = 1,007,752,000
Strike 374 has a total call value of 1,108,872,000 versus a total put value of 0 Combined total value = 1,108,872,000
Strike 379 has a total call value of 1,209,992,000 versus a total put value of 0 Combined total value = 1,209,992,000
Strike 384 has a total call value of 1,311,112,000 versus a total put value of 0 Combined total value = 1,311,112,000
Max Pain - Choose a symbol
Index
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B
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E
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M
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O
P
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T
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.