MARICO
Marico Limited
Max pain for MARICO
18 Oct 2024 10:51 AM IST
Max Pain for MARICO is 680
Strike 600 has a total call value of 0 versus a total put value of 20,081,400,000 Combined total value = 20,081,400,000
Strike 605 has a total call value of 0 versus a total put value of 18,523,200,000 Combined total value = 18,523,200,000
Strike 610 has a total call value of 0 versus a total put value of 16,966,200,000 Combined total value = 16,966,200,000
Strike 615 has a total call value of 0 versus a total put value of 15,412,200,000 Combined total value = 15,412,200,000
Strike 620 has a total call value of 0 versus a total put value of 13,876,800,000 Combined total value = 13,876,800,000
Strike 625 has a total call value of 0 versus a total put value of 12,478,200,000 Combined total value = 12,478,200,000
Strike 630 has a total call value of 0 versus a total put value of 11,127,600,000 Combined total value = 11,127,600,000
Strike 635 has a total call value of 0 versus a total put value of 9,909,600,000 Combined total value = 9,909,600,000
Strike 640 has a total call value of 0 versus a total put value of 8,691,600,000 Combined total value = 8,691,600,000
Strike 645 has a total call value of 4,800,000 versus a total put value of 7,573,200,000 Combined total value = 7,578,000,000
Strike 650 has a total call value of 9,600,000 versus a total put value of 6,454,800,000 Combined total value = 6,464,400,000
Strike 655 has a total call value of 33,000,000 versus a total put value of 5,484,600,000 Combined total value = 5,517,600,000
Strike 660 has a total call value of 56,400,000 versus a total put value of 4,522,800,000 Combined total value = 4,579,200,000
Strike 665 has a total call value of 112,800,000 versus a total put value of 3,693,000,000 Combined total value = 3,805,800,000
Strike 670 has a total call value of 169,200,000 versus a total put value of 2,880,000,000 Combined total value = 3,049,200,000
Strike 675 has a total call value of 341,400,000 versus a total put value of 2,203,200,000 Combined total value = 2,544,600,000
Strike 680 has a total call value of 537,000,000 versus a total put value of 1,526,400,000 Combined total value = 2,063,400,000
Strike 685 has a total call value of 1,088,400,000 versus a total put value of 1,155,000,000 Combined total value = 2,243,400,000
Strike 690 has a total call value of 1,801,800,000 versus a total put value of 849,600,000 Combined total value = 2,651,400,000
Strike 695 has a total call value of 2,878,800,000 versus a total put value of 544,200,000 Combined total value = 3,423,000,000
Strike 700 has a total call value of 4,141,200,000 versus a total put value of 238,800,000 Combined total value = 4,380,000,000
Strike 705 has a total call value of 6,066,600,000 versus a total put value of 103,800,000 Combined total value = 6,170,400,000
Strike 710 has a total call value of 8,194,800,000 versus a total put value of 13,200,000 Combined total value = 8,208,000,000
Strike 715 has a total call value of 10,554,600,000 versus a total put value of 0 Combined total value = 10,554,600,000
Strike 720 has a total call value of 13,028,400,000 versus a total put value of 0 Combined total value = 13,028,400,000
Strike 725 has a total call value of 15,870,600,000 versus a total put value of 0 Combined total value = 15,870,600,000
Strike 730 has a total call value of 18,741,000,000 versus a total put value of 0 Combined total value = 18,741,000,000
Strike 735 has a total call value of 21,739,200,000 versus a total put value of 0 Combined total value = 21,739,200,000
Strike 740 has a total call value of 24,762,600,000 versus a total put value of 0 Combined total value = 24,762,600,000
Strike 745 has a total call value of 27,887,400,000 versus a total put value of 0 Combined total value = 27,887,400,000
Strike 750 has a total call value of 31,012,200,000 versus a total put value of 0 Combined total value = 31,012,200,000
Strike 755 has a total call value of 34,342,800,000 versus a total put value of 0 Combined total value = 34,342,800,000
Strike 760 has a total call value of 37,673,400,000 versus a total put value of 0 Combined total value = 37,673,400,000
Strike 765 has a total call value of 41,062,200,000 versus a total put value of 0 Combined total value = 41,062,200,000
Strike 770 has a total call value of 44,451,000,000 versus a total put value of 0 Combined total value = 44,451,000,000
Strike 775 has a total call value of 48,014,400,000 versus a total put value of 0 Combined total value = 48,014,400,000
Strike 780 has a total call value of 51,577,800,000 versus a total put value of 0 Combined total value = 51,577,800,000
Strike 785 has a total call value of 55,237,800,000 versus a total put value of 0 Combined total value = 55,237,800,000
Strike 790 has a total call value of 58,897,800,000 versus a total put value of 0 Combined total value = 58,897,800,000
Strike 795 has a total call value of 62,557,800,000 versus a total put value of 0 Combined total value = 62,557,800,000
Strike 800 has a total call value of 66,217,800,000 versus a total put value of 0 Combined total value = 66,217,800,000
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.
