MARUTI
MARUTI SUZUKI INDIA LTD.
Max pain for MARUTI
02 Jul 2024 11:13 AM IST
Max Pain for MARUTI is 12100
Strike 10000 has a total call value of 0 versus a total put value of 199,768,500,000 Combined total value = 199,768,500,000
Strike 10100 has a total call value of 3,500,000 versus a total put value of 188,449,500,000 Combined total value = 188,453,000,000
Strike 10200 has a total call value of 7,000,000 versus a total put value of 177,130,500,000 Combined total value = 177,137,500,000
Strike 10300 has a total call value of 10,500,000 versus a total put value of 165,811,500,000 Combined total value = 165,822,000,000
Strike 10400 has a total call value of 14,000,000 versus a total put value of 154,492,500,000 Combined total value = 154,506,500,000
Strike 10500 has a total call value of 17,500,000 versus a total put value of 143,173,500,000 Combined total value = 143,191,000,000
Strike 10600 has a total call value of 21,000,000 versus a total put value of 132,126,000,000 Combined total value = 132,147,000,000
Strike 10700 has a total call value of 24,500,000 versus a total put value of 121,078,500,000 Combined total value = 121,103,000,000
Strike 10800 has a total call value of 28,000,000 versus a total put value of 110,031,000,000 Combined total value = 110,059,000,000
Strike 10900 has a total call value of 31,500,000 versus a total put value of 99,022,000,000 Combined total value = 99,053,500,000
Strike 11000 has a total call value of 35,000,000 versus a total put value of 88,129,000,000 Combined total value = 88,164,000,000
Strike 11100 has a total call value of 38,500,000 versus a total put value of 78,676,000,000 Combined total value = 78,714,500,000
Strike 11200 has a total call value of 42,000,000 versus a total put value of 69,293,000,000 Combined total value = 69,335,000,000
Strike 11300 has a total call value of 69,500,000 versus a total put value of 60,186,500,000 Combined total value = 60,256,000,000
Strike 11400 has a total call value of 97,000,000 versus a total put value of 51,364,000,000 Combined total value = 51,461,000,000
Strike 11500 has a total call value of 124,500,000 versus a total put value of 42,789,000,000 Combined total value = 42,913,500,000
Strike 11600 has a total call value of 280,500,000 versus a total put value of 35,871,500,000 Combined total value = 36,152,000,000
Strike 11700 has a total call value of 462,500,000 versus a total put value of 29,267,500,000 Combined total value = 29,730,000,000
Strike 11800 has a total call value of 722,000,000 versus a total put value of 23,164,500,000 Combined total value = 23,886,500,000
Strike 11900 has a total call value of 1,114,500,000 versus a total put value of 17,527,500,000 Combined total value = 18,642,000,000
Strike 12000 has a total call value of 1,599,000,000 versus a total put value of 12,274,500,000 Combined total value = 13,873,500,000
Strike 12100 has a total call value of 3,179,000,000 versus a total put value of 8,933,500,000 Combined total value = 12,112,500,000
Strike 12200 has a total call value of 6,044,500,000 versus a total put value of 6,312,500,000 Combined total value = 12,357,000,000
Strike 12300 has a total call value of 11,567,500,000 versus a total put value of 4,627,000,000 Combined total value = 16,194,500,000
Strike 12400 has a total call value of 18,708,000,000 versus a total put value of 3,365,000,000 Combined total value = 22,073,000,000
Strike 12500 has a total call value of 26,676,500,000 versus a total put value of 2,330,500,000 Combined total value = 29,007,000,000
Strike 12600 has a total call value of 38,610,000,000 versus a total put value of 1,714,000,000 Combined total value = 40,324,000,000
Strike 12700 has a total call value of 51,265,000,000 versus a total put value of 1,218,000,000 Combined total value = 52,483,000,000
Strike 12800 has a total call value of 64,590,500,000 versus a total put value of 784,000,000 Combined total value = 65,374,500,000
Strike 12900 has a total call value of 79,292,500,000 versus a total put value of 392,000,000 Combined total value = 79,684,500,000
Strike 13000 has a total call value of 94,419,000,000 versus a total put value of 0 Combined total value = 94,419,000,000
Strike 13100 has a total call value of 114,622,000,000 versus a total put value of 0 Combined total value = 114,622,000,000
Strike 13200 has a total call value of 135,135,500,000 versus a total put value of 0 Combined total value = 135,135,500,000
Strike 13300 has a total call value of 155,924,500,000 versus a total put value of 0 Combined total value = 155,924,500,000
Strike 13400 has a total call value of 176,953,500,000 versus a total put value of 0 Combined total value = 176,953,500,000
Strike 13500 has a total call value of 198,197,500,000 versus a total put value of 0 Combined total value = 198,197,500,000
Strike 13600 has a total call value of 220,879,500,000 versus a total put value of 0 Combined total value = 220,879,500,000
Strike 13700 has a total call value of 243,798,500,000 versus a total put value of 0 Combined total value = 243,798,500,000
Strike 13800 has a total call value of 266,749,500,000 versus a total put value of 0 Combined total value = 266,749,500,000
Strike 13900 has a total call value of 289,745,000,000 versus a total put value of 0 Combined total value = 289,745,000,000
Strike 14000 has a total call value of 312,740,500,000 versus a total put value of 0 Combined total value = 312,740,500,000
Strike 14100 has a total call value of 336,683,500,000 versus a total put value of 0 Combined total value = 336,683,500,000
Strike 14200 has a total call value of 360,626,500,000 versus a total put value of 0 Combined total value = 360,626,500,000
Strike 14300 has a total call value of 384,594,000,000 versus a total put value of 0 Combined total value = 384,594,000,000
Strike 14400 has a total call value of 408,561,500,000 versus a total put value of 0 Combined total value = 408,561,500,000
Strike 14500 has a total call value of 432,766,000,000 versus a total put value of 0 Combined total value = 432,766,000,000
Strike 14600 has a total call value of 456,970,500,000 versus a total put value of 0 Combined total value = 456,970,500,000
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.