MCX
Multi Commodity Exchange
Max pain for MCX
18 Oct 2024 10:51 AM IST
Max Pain for MCX is 6200
Strike 5000 has a total call value of 0 versus a total put value of 116,623,000,000 Combined total value = 116,623,000,000
Strike 5050 has a total call value of 0 versus a total put value of 110,414,000,000 Combined total value = 110,414,000,000
Strike 5100 has a total call value of 0 versus a total put value of 104,205,000,000 Combined total value = 104,205,000,000
Strike 5150 has a total call value of 0 versus a total put value of 98,045,000,000 Combined total value = 98,045,000,000
Strike 5200 has a total call value of 0 versus a total put value of 91,885,000,000 Combined total value = 91,885,000,000
Strike 5250 has a total call value of 0 versus a total put value of 85,856,000,000 Combined total value = 85,856,000,000
Strike 5300 has a total call value of 0 versus a total put value of 79,827,000,000 Combined total value = 79,827,000,000
Strike 5350 has a total call value of 0 versus a total put value of 73,959,000,000 Combined total value = 73,959,000,000
Strike 5400 has a total call value of 0 versus a total put value of 68,091,000,000 Combined total value = 68,091,000,000
Strike 5450 has a total call value of 0 versus a total put value of 62,348,000,000 Combined total value = 62,348,000,000
Strike 5500 has a total call value of 0 versus a total put value of 56,605,000,000 Combined total value = 56,605,000,000
Strike 5550 has a total call value of 0 versus a total put value of 51,382,000,000 Combined total value = 51,382,000,000
Strike 5600 has a total call value of 0 versus a total put value of 46,159,000,000 Combined total value = 46,159,000,000
Strike 5650 has a total call value of 168,000,000 versus a total put value of 41,230,000,000 Combined total value = 41,398,000,000
Strike 5700 has a total call value of 336,000,000 versus a total put value of 36,362,000,000 Combined total value = 36,698,000,000
Strike 5750 has a total call value of 504,000,000 versus a total put value of 31,983,000,000 Combined total value = 32,487,000,000
Strike 5800 has a total call value of 672,000,000 versus a total put value of 27,767,000,000 Combined total value = 28,439,000,000
Strike 5850 has a total call value of 840,000,000 versus a total put value of 24,082,000,000 Combined total value = 24,922,000,000
Strike 5900 has a total call value of 1,126,000,000 versus a total put value of 20,566,000,000 Combined total value = 21,692,000,000
Strike 5950 has a total call value of 1,412,000,000 versus a total put value of 17,331,000,000 Combined total value = 18,743,000,000
Strike 6000 has a total call value of 1,830,000,000 versus a total put value of 14,244,000,000 Combined total value = 16,074,000,000
Strike 6050 has a total call value of 2,604,000,000 versus a total put value of 12,013,000,000 Combined total value = 14,617,000,000
Strike 6100 has a total call value of 3,378,000,000 versus a total put value of 9,852,000,000 Combined total value = 13,230,000,000
Strike 6150 has a total call value of 4,333,000,000 versus a total put value of 7,996,000,000 Combined total value = 12,329,000,000
Strike 6200 has a total call value of 5,340,000,000 versus a total put value of 6,230,000,000 Combined total value = 11,570,000,000
Strike 6250 has a total call value of 6,726,000,000 versus a total put value of 4,900,000,000 Combined total value = 11,626,000,000
Strike 6300 has a total call value of 8,160,000,000 versus a total put value of 3,570,000,000 Combined total value = 11,730,000,000
Strike 6350 has a total call value of 9,882,000,000 versus a total put value of 2,601,000,000 Combined total value = 12,483,000,000
Strike 6400 has a total call value of 11,661,000,000 versus a total put value of 1,632,000,000 Combined total value = 13,293,000,000
Strike 6450 has a total call value of 13,799,000,000 versus a total put value of 1,108,000,000 Combined total value = 14,907,000,000
Strike 6500 has a total call value of 16,077,000,000 versus a total put value of 584,000,000 Combined total value = 16,661,000,000
Strike 6550 has a total call value of 19,850,000,000 versus a total put value of 429,000,000 Combined total value = 20,279,000,000
Strike 6600 has a total call value of 23,795,000,000 versus a total put value of 274,000,000 Combined total value = 24,069,000,000
Strike 6700 has a total call value of 32,633,000,000 versus a total put value of 142,000,000 Combined total value = 32,775,000,000
Strike 6750 has a total call value of 37,543,000,000 versus a total put value of 103,000,000 Combined total value = 37,646,000,000
Strike 6800 has a total call value of 42,644,000,000 versus a total put value of 64,000,000 Combined total value = 42,708,000,000
Strike 6900 has a total call value of 53,602,000,000 versus a total put value of 32,000,000 Combined total value = 53,634,000,000
Strike 7000 has a total call value of 65,196,000,000 versus a total put value of 0 Combined total value = 65,196,000,000
Strike 7050 has a total call value of 71,901,000,000 versus a total put value of 0 Combined total value = 71,901,000,000
Strike 7100 has a total call value of 78,606,000,000 versus a total put value of 0 Combined total value = 78,606,000,000
Strike 7200 has a total call value of 92,016,000,000 versus a total put value of 0 Combined total value = 92,016,000,000
Strike 7300 has a total call value of 105,748,000,000 versus a total put value of 0 Combined total value = 105,748,000,000
Strike 7400 has a total call value of 119,480,000,000 versus a total put value of 0 Combined total value = 119,480,000,000
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.