MARUTI
Maruti Suzuki India Ltd.
Max pain for MARUTI
06 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 164,141,000,000 Combined total value = 164,141,000,000
Strike 10600 has a total call value of 0 versus a total put value of 153,176,000,000 Combined total value = 153,176,000,000
Strike 10700 has a total call value of 0 versus a total put value of 142,211,000,000 Combined total value = 142,211,000,000
Strike 10800 has a total call value of 0 versus a total put value of 131,246,000,000 Combined total value = 131,246,000,000
Strike 10900 has a total call value of 0 versus a total put value of 120,348,000,000 Combined total value = 120,348,000,000
Strike 11000 has a total call value of 0 versus a total put value of 109,450,000,000 Combined total value = 109,450,000,000
Strike 11100 has a total call value of 12,500,000 versus a total put value of 99,330,000,000 Combined total value = 99,342,500,000
Strike 11200 has a total call value of 25,000,000 versus a total put value of 89,262,000,000 Combined total value = 89,287,000,000
Strike 11300 has a total call value of 37,500,000 versus a total put value of 79,367,000,000 Combined total value = 79,404,500,000
Strike 11400 has a total call value of 50,000,000 versus a total put value of 69,604,500,000 Combined total value = 69,654,500,000
Strike 11500 has a total call value of 62,500,000 versus a total put value of 60,100,000,000 Combined total value = 60,162,500,000
Strike 11600 has a total call value of 131,000,000 versus a total put value of 51,776,000,000 Combined total value = 51,907,000,000
Strike 11700 has a total call value of 199,500,000 versus a total put value of 43,737,500,000 Combined total value = 43,937,000,000
Strike 11800 has a total call value of 283,000,000 versus a total put value of 36,028,500,000 Combined total value = 36,311,500,000
Strike 11900 has a total call value of 384,500,000 versus a total put value of 28,890,500,000 Combined total value = 29,275,000,000
Strike 12000 has a total call value of 532,000,000 versus a total put value of 22,112,000,000 Combined total value = 22,644,000,000
Strike 12100 has a total call value of 1,084,500,000 versus a total put value of 17,167,000,000 Combined total value = 18,251,500,000
Strike 12200 has a total call value of 1,888,000,000 versus a total put value of 12,818,500,000 Combined total value = 14,706,500,000
Strike 12300 has a total call value of 3,543,500,000 versus a total put value of 8,982,000,000 Combined total value = 12,525,500,000
Strike 12400 has a total call value of 6,789,500,000 versus a total put value of 6,319,000,000 Combined total value = 13,108,500,000
Strike 12500 has a total call value of 12,621,000,000 versus a total put value of 4,192,500,000 Combined total value = 16,813,500,000
Strike 12600 has a total call value of 24,140,500,000 versus a total put value of 3,031,000,000 Combined total value = 27,171,500,000
Strike 12700 has a total call value of 37,995,500,000 versus a total put value of 2,284,500,000 Combined total value = 40,280,000,000
Strike 12800 has a total call value of 53,651,500,000 versus a total put value of 1,725,000,000 Combined total value = 55,376,500,000
Strike 12900 has a total call value of 70,867,500,000 versus a total put value of 1,233,500,000 Combined total value = 72,101,000,000
Strike 13000 has a total call value of 89,088,500,000 versus a total put value of 780,000,000 Combined total value = 89,868,500,000
Strike 13100 has a total call value of 112,109,500,000 versus a total put value of 604,500,000 Combined total value = 112,714,000,000
Strike 13200 has a total call value of 135,814,000,000 versus a total put value of 464,500,000 Combined total value = 136,278,500,000
Strike 13300 has a total call value of 160,306,500,000 versus a total put value of 324,500,000 Combined total value = 160,631,000,000
Strike 13400 has a total call value of 185,231,000,000 versus a total put value of 184,500,000 Combined total value = 185,415,500,000
Strike 13500 has a total call value of 210,444,500,000 versus a total put value of 44,500,000 Combined total value = 210,489,000,000
Strike 13600 has a total call value of 237,364,000,000 versus a total put value of 36,000,000 Combined total value = 237,400,000,000
Strike 13700 has a total call value of 264,607,500,000 versus a total put value of 27,500,000 Combined total value = 264,635,000,000
Strike 13800 has a total call value of 292,144,000,000 versus a total put value of 19,000,000 Combined total value = 292,163,000,000
Strike 13900 has a total call value of 319,795,000,000 versus a total put value of 10,500,000 Combined total value = 319,805,500,000
Strike 14000 has a total call value of 347,515,000,000 versus a total put value of 2,000,000 Combined total value = 347,517,000,000
Strike 14100 has a total call value of 376,542,000,000 versus a total put value of 1,500,000 Combined total value = 376,543,500,000
Strike 14200 has a total call value of 405,626,500,000 versus a total put value of 1,000,000 Combined total value = 405,627,500,000
Strike 14300 has a total call value of 434,832,000,000 versus a total put value of 500,000 Combined total value = 434,832,500,000
Strike 14400 has a total call value of 464,061,000,000 versus a total put value of 0 Combined total value = 464,061,000,000
Strike 14500 has a total call value of 493,290,000,000 versus a total put value of 0 Combined total value = 493,290,000,000
Strike 14600 has a total call value of 522,780,000,000 versus a total put value of 0 Combined total value = 522,780,000,000
Strike 14700 has a total call value of 552,270,000,000 versus a total put value of 0 Combined total value = 552,270,000,000
Strike 14800 has a total call value of 581,760,000,000 versus a total put value of 0 Combined total value = 581,760,000,000
Strike 14900 has a total call value of 611,370,000,000 versus a total put value of 0 Combined total value = 611,370,000,000
Strike 15000 has a total call value of 640,980,000,000 versus a total put value of 0 Combined total value = 640,980,000,000
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.