MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
16 Sep 2024 04:12 PM IST
Max Pain for MARUTI is 12300
Strike 10500 has a total call value of 0 versus a total put value of 158,542,000,000 Combined total value = 158,542,000,000
Strike 10600 has a total call value of 0 versus a total put value of 147,908,000,000 Combined total value = 147,908,000,000
Strike 10700 has a total call value of 0 versus a total put value of 137,274,000,000 Combined total value = 137,274,000,000
Strike 10800 has a total call value of 0 versus a total put value of 126,640,000,000 Combined total value = 126,640,000,000
Strike 10900 has a total call value of 0 versus a total put value of 116,149,500,000 Combined total value = 116,149,500,000
Strike 11000 has a total call value of 0 versus a total put value of 105,659,000,000 Combined total value = 105,659,000,000
Strike 11100 has a total call value of 12,500,000 versus a total put value of 95,748,000,000 Combined total value = 95,760,500,000
Strike 11200 has a total call value of 25,000,000 versus a total put value of 85,889,500,000 Combined total value = 85,914,500,000
Strike 11300 has a total call value of 37,500,000 versus a total put value of 76,134,000,000 Combined total value = 76,171,500,000
Strike 11400 has a total call value of 50,000,000 versus a total put value of 66,487,500,000 Combined total value = 66,537,500,000
Strike 11500 has a total call value of 62,500,000 versus a total put value of 57,088,000,000 Combined total value = 57,150,500,000
Strike 11600 has a total call value of 75,000,000 versus a total put value of 48,625,000,000 Combined total value = 48,700,000,000
Strike 11700 has a total call value of 87,500,000 versus a total put value of 40,375,500,000 Combined total value = 40,463,000,000
Strike 11800 has a total call value of 125,500,000 versus a total put value of 32,393,000,000 Combined total value = 32,518,500,000
Strike 11900 has a total call value of 187,500,000 versus a total put value of 25,050,000,000 Combined total value = 25,237,500,000
Strike 12000 has a total call value of 323,500,000 versus a total put value of 18,189,500,000 Combined total value = 18,513,000,000
Strike 12100 has a total call value of 767,500,000 versus a total put value of 13,508,500,000 Combined total value = 14,276,000,000
Strike 12200 has a total call value of 1,545,500,000 versus a total put value of 9,480,000,000 Combined total value = 11,025,500,000
Strike 12300 has a total call value of 3,023,000,000 versus a total put value of 6,192,500,000 Combined total value = 9,215,500,000
Strike 12400 has a total call value of 6,593,500,000 versus a total put value of 4,202,500,000 Combined total value = 10,796,000,000
Strike 12500 has a total call value of 12,705,500,000 versus a total put value of 2,658,000,000 Combined total value = 15,363,500,000
Strike 12600 has a total call value of 25,338,500,000 versus a total put value of 1,796,000,000 Combined total value = 27,134,500,000
Strike 12700 has a total call value of 40,771,500,000 versus a total put value of 1,254,500,000 Combined total value = 42,026,000,000
Strike 12800 has a total call value of 58,012,000,000 versus a total put value of 820,000,000 Combined total value = 58,832,000,000
Strike 12900 has a total call value of 76,947,000,000 versus a total put value of 445,000,000 Combined total value = 77,392,000,000
Strike 13000 has a total call value of 96,829,000,000 versus a total put value of 118,000,000 Combined total value = 96,947,000,000
Strike 13100 has a total call value of 121,736,000,000 versus a total put value of 41,000,000 Combined total value = 121,777,000,000
Strike 13200 has a total call value of 147,490,000,000 versus a total put value of 0 Combined total value = 147,490,000,000
Strike 13300 has a total call value of 174,226,500,000 versus a total put value of 0 Combined total value = 174,226,500,000
Strike 13400 has a total call value of 201,574,000,000 versus a total put value of 0 Combined total value = 201,574,000,000
Strike 13500 has a total call value of 229,453,000,000 versus a total put value of 0 Combined total value = 229,453,000,000
Strike 13600 has a total call value of 258,828,000,000 versus a total put value of 0 Combined total value = 258,828,000,000
Strike 13700 has a total call value of 288,461,500,000 versus a total put value of 0 Combined total value = 288,461,500,000
Strike 13800 has a total call value of 318,356,500,000 versus a total put value of 0 Combined total value = 318,356,500,000
Strike 13900 has a total call value of 348,352,000,000 versus a total put value of 0 Combined total value = 348,352,000,000
Strike 14000 has a total call value of 378,414,000,000 versus a total put value of 0 Combined total value = 378,414,000,000
Strike 14100 has a total call value of 409,586,500,000 versus a total put value of 0 Combined total value = 409,586,500,000
Strike 14200 has a total call value of 440,814,500,000 versus a total put value of 0 Combined total value = 440,814,500,000
Strike 14300 has a total call value of 472,108,500,000 versus a total put value of 0 Combined total value = 472,108,500,000
Strike 14400 has a total call value of 503,425,500,000 versus a total put value of 0 Combined total value = 503,425,500,000
Strike 14500 has a total call value of 534,742,500,000 versus a total put value of 0 Combined total value = 534,742,500,000
Strike 14600 has a total call value of 566,322,500,000 versus a total put value of 0 Combined total value = 566,322,500,000
Strike 14700 has a total call value of 597,921,000,000 versus a total put value of 0 Combined total value = 597,921,000,000
Strike 14800 has a total call value of 629,519,500,000 versus a total put value of 0 Combined total value = 629,519,500,000
Strike 14900 has a total call value of 661,229,000,000 versus a total put value of 0 Combined total value = 661,229,000,000
Strike 15000 has a total call value of 692,938,500,000 versus a total put value of 0 Combined total value = 692,938,500,000
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.