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MCX
MULTI COMMODITY EXCHANGE

3198.1 3.00 (0.09%)


Strike  2700  has a total call value of 0  versus a total put value of  31,264,000,000 Combined total value = 31,264,000,000

Strike  2750  has a total call value of 0  versus a total put value of  28,368,000,000 Combined total value = 28,368,000,000

Strike  2800  has a total call value of 0  versus a total put value of  25,472,000,000 Combined total value = 25,472,000,000

Strike  2850  has a total call value of 0  versus a total put value of  22,576,000,000 Combined total value = 22,576,000,000

Strike  2900  has a total call value of 0  versus a total put value of  19,694,000,000 Combined total value = 19,694,000,000

Strike  2950  has a total call value of 0  versus a total put value of  17,000,000,000 Combined total value = 17,000,000,000

Strike  3000  has a total call value of 0  versus a total put value of  14,306,000,000 Combined total value = 14,306,000,000

Strike  3050  has a total call value of 82,000,000  versus a total put value of  12,132,000,000 Combined total value = 12,214,000,000

Strike  3100  has a total call value of 164,000,000  versus a total put value of  10,022,000,000 Combined total value = 10,186,000,000

Strike  3150  has a total call value of 320,000,000  versus a total put value of  8,248,000,000 Combined total value = 8,568,000,000

Strike  3200  has a total call value of 516,000,000  versus a total put value of  6,528,000,000 Combined total value = 7,044,000,000

Strike  3250  has a total call value of 1,094,000,000  versus a total put value of  5,232,000,000 Combined total value = 6,326,000,000

Strike  3300  has a total call value of 1,822,000,000  versus a total put value of  3,974,000,000 Combined total value = 5,796,000,000

Strike  3350  has a total call value of 3,252,000,000  versus a total put value of  2,716,000,000 Combined total value = 5,968,000,000

Strike  3400  has a total call value of 4,820,000,000  versus a total put value of  1,608,000,000 Combined total value = 6,428,000,000

Strike  3450  has a total call value of 7,082,000,000  versus a total put value of  1,050,000,000 Combined total value = 8,132,000,000

Strike  3500  has a total call value of 9,488,000,000  versus a total put value of  492,000,000 Combined total value = 9,980,000,000

Strike  3550  has a total call value of 12,818,000,000  versus a total put value of  224,000,000 Combined total value = 13,042,000,000

Strike  3600  has a total call value of 16,488,000,000  versus a total put value of  0 Combined total value = 16,488,000,000

Strike  3650  has a total call value of 21,102,000,000  versus a total put value of  0 Combined total value = 21,102,000,000

Strike  3700  has a total call value of 25,958,000,000  versus a total put value of  0 Combined total value = 25,958,000,000

Strike  3750  has a total call value of 32,424,000,000  versus a total put value of  0 Combined total value = 32,424,000,000

Strike  3800  has a total call value of 39,132,000,000  versus a total put value of  0 Combined total value = 39,132,000,000

Strike  3850  has a total call value of 47,582,000,000  versus a total put value of  0 Combined total value = 47,582,000,000

Strike  3900  has a total call value of 56,032,000,000  versus a total put value of  0 Combined total value = 56,032,000,000

Strike  3950  has a total call value of 65,066,000,000  versus a total put value of  0 Combined total value = 65,066,000,000

Strike  4000  has a total call value of 74,166,000,000  versus a total put value of  0 Combined total value = 74,166,000,000

Strike  4050  has a total call value of 84,588,000,000  versus a total put value of  0 Combined total value = 84,588,000,000

Strike  4100  has a total call value of 95,010,000,000  versus a total put value of  0 Combined total value = 95,010,000,000

Strike  4150  has a total call value of 105,698,000,000  versus a total put value of  0 Combined total value = 105,698,000,000

Strike  4200  has a total call value of 116,386,000,000  versus a total put value of  0 Combined total value = 116,386,000,000

Strike  4250  has a total call value of 127,676,000,000  versus a total put value of  0 Combined total value = 127,676,000,000

Strike  4300  has a total call value of 138,966,000,000  versus a total put value of  0 Combined total value = 138,966,000,000

Strike  4350  has a total call value of 150,488,000,000  versus a total put value of  0 Combined total value = 150,488,000,000

Strike  4400  has a total call value of 162,018,000,000  versus a total put value of  0 Combined total value = 162,018,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.