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MCX
MULTI COMMODITY EXCHANGE

3349.6 -7.20 (-0.21%)


Strike  2700  has a total call value of 0  versus a total put value of  10,994,000,000 Combined total value = 10,994,000,000

Strike  2750  has a total call value of 10,000,000  versus a total put value of  10,050,000,000 Combined total value = 10,060,000,000

Strike  2800  has a total call value of 20,000,000  versus a total put value of  9,106,000,000 Combined total value = 9,126,000,000

Strike  2850  has a total call value of 30,000,000  versus a total put value of  8,162,000,000 Combined total value = 8,192,000,000

Strike  2900  has a total call value of 40,000,000  versus a total put value of  7,218,000,000 Combined total value = 7,258,000,000

Strike  2950  has a total call value of 50,000,000  versus a total put value of  6,330,000,000 Combined total value = 6,380,000,000

Strike  3000  has a total call value of 60,000,000  versus a total put value of  5,442,000,000 Combined total value = 5,502,000,000

Strike  3050  has a total call value of 132,000,000  versus a total put value of  4,688,000,000 Combined total value = 4,820,000,000

Strike  3100  has a total call value of 204,000,000  versus a total put value of  3,934,000,000 Combined total value = 4,138,000,000

Strike  3150  has a total call value of 276,000,000  versus a total put value of  3,286,000,000 Combined total value = 3,562,000,000

Strike  3200  has a total call value of 348,000,000  versus a total put value of  2,704,000,000 Combined total value = 3,052,000,000

Strike  3250  has a total call value of 476,000,000  versus a total put value of  2,302,000,000 Combined total value = 2,778,000,000

Strike  3300  has a total call value of 604,000,000  versus a total put value of  1,910,000,000 Combined total value = 2,514,000,000

Strike  3350  has a total call value of 866,000,000  versus a total put value of  1,628,000,000 Combined total value = 2,494,000,000

Strike  3400  has a total call value of 1,158,000,000  versus a total put value of  1,358,000,000 Combined total value = 2,516,000,000

Strike  3450  has a total call value of 1,658,000,000  versus a total put value of  1,170,000,000 Combined total value = 2,828,000,000

Strike  3500  has a total call value of 2,182,000,000  versus a total put value of  988,000,000 Combined total value = 3,170,000,000

Strike  3550  has a total call value of 2,992,000,000  versus a total put value of  870,000,000 Combined total value = 3,862,000,000

Strike  3600  has a total call value of 3,810,000,000  versus a total put value of  752,000,000 Combined total value = 4,562,000,000

Strike  3650  has a total call value of 4,786,000,000  versus a total put value of  658,000,000 Combined total value = 5,444,000,000

Strike  3700  has a total call value of 5,762,000,000  versus a total put value of  564,000,000 Combined total value = 6,326,000,000

Strike  3750  has a total call value of 6,862,000,000  versus a total put value of  482,000,000 Combined total value = 7,344,000,000

Strike  3800  has a total call value of 7,968,000,000  versus a total put value of  400,000,000 Combined total value = 8,368,000,000

Strike  3850  has a total call value of 9,242,000,000  versus a total put value of  350,000,000 Combined total value = 9,592,000,000

Strike  3900  has a total call value of 10,518,000,000  versus a total put value of  300,000,000 Combined total value = 10,818,000,000

Strike  3950  has a total call value of 11,870,000,000  versus a total put value of  250,000,000 Combined total value = 12,120,000,000

Strike  4000  has a total call value of 13,222,000,000  versus a total put value of  200,000,000 Combined total value = 13,422,000,000

Strike  4050  has a total call value of 14,730,000,000  versus a total put value of  150,000,000 Combined total value = 14,880,000,000

Strike  4100  has a total call value of 16,238,000,000  versus a total put value of  100,000,000 Combined total value = 16,338,000,000

Strike  4150  has a total call value of 17,750,000,000  versus a total put value of  50,000,000 Combined total value = 17,800,000,000

Strike  4200  has a total call value of 19,262,000,000  versus a total put value of  0 Combined total value = 19,262,000,000

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.