MARUTI
MARUTI SUZUKI INDIA LTD.
Max pain for MARUTI
19 Mar 2024 11:33 AM IST
Max Pain for MARUTI is 11500
Strike 8300 has a total call value of 0 versus a total put value of 274,848,000,000 Combined total value = 274,848,000,000
Strike 8400 has a total call value of 1,500,000 versus a total put value of 264,868,000,000 Combined total value = 264,869,500,000
Strike 8500 has a total call value of 3,000,000 versus a total put value of 254,888,000,000 Combined total value = 254,891,000,000
Strike 8600 has a total call value of 4,500,000 versus a total put value of 244,908,000,000 Combined total value = 244,912,500,000
Strike 8700 has a total call value of 6,000,000 versus a total put value of 234,928,000,000 Combined total value = 234,934,000,000
Strike 8800 has a total call value of 7,500,000 versus a total put value of 224,948,000,000 Combined total value = 224,955,500,000
Strike 8900 has a total call value of 9,000,000 versus a total put value of 214,968,000,000 Combined total value = 214,977,000,000
Strike 9000 has a total call value of 10,500,000 versus a total put value of 204,988,000,000 Combined total value = 204,998,500,000
Strike 9100 has a total call value of 12,000,000 versus a total put value of 195,008,000,000 Combined total value = 195,020,000,000
Strike 9200 has a total call value of 13,500,000 versus a total put value of 185,028,000,000 Combined total value = 185,041,500,000
Strike 9300 has a total call value of 15,000,000 versus a total put value of 175,048,000,000 Combined total value = 175,063,000,000
Strike 9400 has a total call value of 16,500,000 versus a total put value of 165,068,000,000 Combined total value = 165,084,500,000
Strike 9500 has a total call value of 18,000,000 versus a total put value of 155,088,000,000 Combined total value = 155,106,000,000
Strike 9600 has a total call value of 19,500,000 versus a total put value of 145,281,000,000 Combined total value = 145,300,500,000
Strike 9700 has a total call value of 21,000,000 versus a total put value of 135,474,000,000 Combined total value = 135,495,000,000
Strike 9800 has a total call value of 22,500,000 versus a total put value of 125,667,000,000 Combined total value = 125,689,500,000
Strike 9900 has a total call value of 24,000,000 versus a total put value of 115,860,000,000 Combined total value = 115,884,000,000
Strike 10000 has a total call value of 25,500,000 versus a total put value of 106,053,000,000 Combined total value = 106,078,500,000
Strike 10100 has a total call value of 65,500,000 versus a total put value of 96,764,000,000 Combined total value = 96,829,500,000
Strike 10200 has a total call value of 105,500,000 versus a total put value of 87,475,000,000 Combined total value = 87,580,500,000
Strike 10300 has a total call value of 145,500,000 versus a total put value of 78,224,000,000 Combined total value = 78,369,500,000
Strike 10400 has a total call value of 185,500,000 versus a total put value of 68,973,000,000 Combined total value = 69,158,500,000
Strike 10500 has a total call value of 225,500,000 versus a total put value of 59,859,500,000 Combined total value = 60,085,000,000
Strike 10600 has a total call value of 706,500,000 versus a total put value of 51,531,500,000 Combined total value = 52,238,000,000
Strike 10700 has a total call value of 1,198,500,000 versus a total put value of 43,430,000,000 Combined total value = 44,628,500,000
Strike 10800 has a total call value of 1,690,500,000 versus a total put value of 35,712,000,000 Combined total value = 37,402,500,000
Strike 10900 has a total call value of 2,229,500,000 versus a total put value of 28,617,500,000 Combined total value = 30,847,000,000
Strike 11000 has a total call value of 2,780,000,000 versus a total put value of 21,886,500,000 Combined total value = 24,666,500,000
Strike 11100 has a total call value of 3,492,000,000 versus a total put value of 16,492,500,000 Combined total value = 19,984,500,000
Strike 11200 has a total call value of 4,204,000,000 versus a total put value of 11,555,500,000 Combined total value = 15,759,500,000
Strike 11300 has a total call value of 4,989,500,000 versus a total put value of 7,729,000,000 Combined total value = 12,718,500,000
Strike 11400 has a total call value of 6,077,000,000 versus a total put value of 4,832,500,000 Combined total value = 10,909,500,000
Strike 11500 has a total call value of 7,612,500,000 versus a total put value of 2,685,000,000 Combined total value = 10,297,500,000
Strike 11600 has a total call value of 10,246,000,000 versus a total put value of 1,517,000,000 Combined total value = 11,763,000,000
Strike 11700 has a total call value of 14,247,500,000 versus a total put value of 803,000,000 Combined total value = 15,050,500,000
Strike 11800 has a total call value of 21,311,500,000 versus a total put value of 485,500,000 Combined total value = 21,797,000,000
Strike 11900 has a total call value of 29,846,500,000 versus a total put value of 264,500,000 Combined total value = 30,111,000,000
Strike 12000 has a total call value of 39,278,500,000 versus a total put value of 86,000,000 Combined total value = 39,364,500,000
Strike 12100 has a total call value of 51,161,000,000 versus a total put value of 27,500,000 Combined total value = 51,188,500,000
Strike 12200 has a total call value of 63,500,000,000 versus a total put value of 0 Combined total value = 63,500,000,000
Strike 12300 has a total call value of 76,314,000,000 versus a total put value of 0 Combined total value = 76,314,000,000
Strike 12400 has a total call value of 89,443,000,000 versus a total put value of 0 Combined total value = 89,443,000,000
Strike 12500 has a total call value of 103,039,500,000 versus a total put value of 0 Combined total value = 103,039,500,000
Strike 12600 has a total call value of 117,639,000,000 versus a total put value of 0 Combined total value = 117,639,000,000
Strike 12700 has a total call value of 132,632,000,000 versus a total put value of 0 Combined total value = 132,632,000,000
Strike 12800 has a total call value of 147,807,000,000 versus a total put value of 0 Combined total value = 147,807,000,000
Strike 12900 has a total call value of 163,197,500,000 versus a total put value of 0 Combined total value = 163,197,500,000
Strike 13000 has a total call value of 178,588,000,000 versus a total put value of 0 Combined total value = 178,588,000,000
Strike 13100 has a total call value of 194,979,500,000 versus a total put value of 0 Combined total value = 194,979,500,000
Strike 13200 has a total call value of 211,371,000,000 versus a total put value of 0 Combined total value = 211,371,000,000
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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.