MARICO
MARICO LIMITED
Max pain for MARICO
29 Nov 2023 04:17 PM IST
Max Pain for MARICO is 530
Strike 480 has a total call value of 0 versus a total put value of 5,269,200,000 Combined total value = 5,269,200,000
Strike 485 has a total call value of 0 versus a total put value of 4,574,400,000 Combined total value = 4,574,400,000
Strike 490 has a total call value of 0 versus a total put value of 3,879,600,000 Combined total value = 3,879,600,000
Strike 495 has a total call value of 0 versus a total put value of 3,214,200,000 Combined total value = 3,214,200,000
Strike 500 has a total call value of 0 versus a total put value of 2,562,000,000 Combined total value = 2,562,000,000
Strike 505 has a total call value of 7,800,000 versus a total put value of 2,032,800,000 Combined total value = 2,040,600,000
Strike 510 has a total call value of 15,600,000 versus a total put value of 1,564,800,000 Combined total value = 1,580,400,000
Strike 515 has a total call value of 33,000,000 versus a total put value of 1,148,400,000 Combined total value = 1,181,400,000
Strike 520 has a total call value of 57,000,000 versus a total put value of 784,200,000 Combined total value = 841,200,000
Strike 525 has a total call value of 140,400,000 versus a total put value of 484,800,000 Combined total value = 625,200,000
Strike 530 has a total call value of 280,800,000 versus a total put value of 246,000,000 Combined total value = 526,800,000
Strike 535 has a total call value of 804,000,000 versus a total put value of 138,000,000 Combined total value = 942,000,000
Strike 540 has a total call value of 1,510,200,000 versus a total put value of 79,800,000 Combined total value = 1,590,000,000
Strike 545 has a total call value of 2,463,000,000 versus a total put value of 52,800,000 Combined total value = 2,515,800,000
Strike 550 has a total call value of 3,452,400,000 versus a total put value of 31,200,000 Combined total value = 3,483,600,000
Strike 555 has a total call value of 4,564,800,000 versus a total put value of 24,600,000 Combined total value = 4,589,400,000
Strike 560 has a total call value of 5,710,800,000 versus a total put value of 18,000,000 Combined total value = 5,728,800,000
Strike 565 has a total call value of 6,910,200,000 versus a total put value of 11,400,000 Combined total value = 6,921,600,000
Strike 570 has a total call value of 8,120,400,000 versus a total put value of 4,800,000 Combined total value = 8,125,200,000
Strike 575 has a total call value of 9,363,600,000 versus a total put value of 2,400,000 Combined total value = 9,366,000,000
Strike 580 has a total call value of 10,615,800,000 versus a total put value of 0 Combined total value = 10,615,800,000
Strike 585 has a total call value of 11,898,600,000 versus a total put value of 0 Combined total value = 11,898,600,000
Strike 590 has a total call value of 13,181,400,000 versus a total put value of 0 Combined total value = 13,181,400,000
Strike 595 has a total call value of 14,476,200,000 versus a total put value of 0 Combined total value = 14,476,200,000
Strike 600 has a total call value of 15,771,000,000 versus a total put value of 0 Combined total value = 15,771,000,000
Strike 605 has a total call value of 17,157,000,000 versus a total put value of 0 Combined total value = 17,157,000,000
Strike 610 has a total call value of 18,543,000,000 versus a total put value of 0 Combined total value = 18,543,000,000
Strike 615 has a total call value of 19,933,800,000 versus a total put value of 0 Combined total value = 19,933,800,000
Strike 620 has a total call value of 21,324,600,000 versus a total put value of 0 Combined total value = 21,324,600,000
Strike 625 has a total call value of 22,715,400,000 versus a total put value of 0 Combined total value = 22,715,400,000
Strike 630 has a total call value of 24,106,200,000 versus a total put value of 0 Combined total value = 24,106,200,000
Strike 635 has a total call value of 25,497,000,000 versus a total put value of 0 Combined total value = 25,497,000,000
Strike 640 has a total call value of 26,887,800,000 versus a total put value of 0 Combined total value = 26,887,800,000
Strike 645 has a total call value of 28,278,600,000 versus a total put value of 0 Combined total value = 28,278,600,000
Strike 650 has a total call value of 29,669,400,000 versus a total put value of 0 Combined total value = 29,669,400,000
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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.