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MGL
MAHANAGAR GAS LTD.

1466 -46.55 (-3.08%)


Strike  1000  has a total call value of 0  versus a total put value of  22,924,000,000 Combined total value = 22,924,000,000

Strike  1010  has a total call value of 800,000  versus a total put value of  22,324,000,000 Combined total value = 22,324,800,000

Strike  1020  has a total call value of 1,600,000  versus a total put value of  21,724,000,000 Combined total value = 21,725,600,000

Strike  1030  has a total call value of 2,400,000  versus a total put value of  21,124,000,000 Combined total value = 21,126,400,000

Strike  1040  has a total call value of 3,200,000  versus a total put value of  20,524,000,000 Combined total value = 20,527,200,000

Strike  1050  has a total call value of 4,000,000  versus a total put value of  19,924,000,000 Combined total value = 19,928,000,000

Strike  1060  has a total call value of 4,800,000  versus a total put value of  19,324,000,000 Combined total value = 19,328,800,000

Strike  1070  has a total call value of 5,600,000  versus a total put value of  18,724,000,000 Combined total value = 18,729,600,000

Strike  1080  has a total call value of 6,400,000  versus a total put value of  18,124,000,000 Combined total value = 18,130,400,000

Strike  1090  has a total call value of 7,200,000  versus a total put value of  17,524,000,000 Combined total value = 17,531,200,000

Strike  1100  has a total call value of 8,000,000  versus a total put value of  16,924,000,000 Combined total value = 16,932,000,000

Strike  1110  has a total call value of 8,800,000  versus a total put value of  16,324,000,000 Combined total value = 16,332,800,000

Strike  1120  has a total call value of 9,600,000  versus a total put value of  15,724,000,000 Combined total value = 15,733,600,000

Strike  1130  has a total call value of 10,400,000  versus a total put value of  15,124,000,000 Combined total value = 15,134,400,000

Strike  1140  has a total call value of 11,200,000  versus a total put value of  14,524,000,000 Combined total value = 14,535,200,000

Strike  1150  has a total call value of 12,000,000  versus a total put value of  13,924,000,000 Combined total value = 13,936,000,000

Strike  1160  has a total call value of 12,800,000  versus a total put value of  13,324,000,000 Combined total value = 13,336,800,000

Strike  1170  has a total call value of 13,600,000  versus a total put value of  12,724,000,000 Combined total value = 12,737,600,000

Strike  1180  has a total call value of 14,400,000  versus a total put value of  12,124,000,000 Combined total value = 12,138,400,000

Strike  1190  has a total call value of 15,200,000  versus a total put value of  11,524,000,000 Combined total value = 11,539,200,000

Strike  1200  has a total call value of 16,000,000  versus a total put value of  10,924,000,000 Combined total value = 10,940,000,000

Strike  1210  has a total call value of 22,400,000  versus a total put value of  10,373,600,000 Combined total value = 10,396,000,000

Strike  1220  has a total call value of 28,800,000  versus a total put value of  9,823,200,000 Combined total value = 9,852,000,000

Strike  1230  has a total call value of 35,200,000  versus a total put value of  9,272,800,000 Combined total value = 9,308,000,000

Strike  1240  has a total call value of 41,600,000  versus a total put value of  8,722,400,000 Combined total value = 8,764,000,000

Strike  1250  has a total call value of 48,000,000  versus a total put value of  8,174,400,000 Combined total value = 8,222,400,000

Strike  1260  has a total call value of 56,800,000  versus a total put value of  7,652,000,000 Combined total value = 7,708,800,000

Strike  1270  has a total call value of 65,600,000  versus a total put value of  7,136,800,000 Combined total value = 7,202,400,000

Strike  1280  has a total call value of 74,400,000  versus a total put value of  6,638,400,000 Combined total value = 6,712,800,000

Strike  1290  has a total call value of 83,200,000  versus a total put value of  6,142,400,000 Combined total value = 6,225,600,000

Strike  1300  has a total call value of 92,000,000  versus a total put value of  5,647,200,000 Combined total value = 5,739,200,000

Strike  1310  has a total call value of 133,600,000  versus a total put value of  5,264,000,000 Combined total value = 5,397,600,000

Strike  1320  has a total call value of 175,200,000  versus a total put value of  4,880,800,000 Combined total value = 5,056,000,000

Strike  1330  has a total call value of 223,200,000  versus a total put value of  4,497,600,000 Combined total value = 4,720,800,000

Strike  1340  has a total call value of 276,000,000  versus a total put value of  4,114,400,000 Combined total value = 4,390,400,000

Strike  1350  has a total call value of 332,800,000  versus a total put value of  3,731,200,000 Combined total value = 4,064,000,000

Strike  1360  has a total call value of 427,200,000  versus a total put value of  3,385,600,000 Combined total value = 3,812,800,000

Strike  1370  has a total call value of 532,000,000  versus a total put value of  3,040,000,000 Combined total value = 3,572,000,000

Strike  1380  has a total call value of 636,800,000  versus a total put value of  2,700,000,000 Combined total value = 3,336,800,000

Strike  1390  has a total call value of 744,800,000  versus a total put value of  2,369,600,000 Combined total value = 3,114,400,000

Strike  1400  has a total call value of 852,800,000  versus a total put value of  2,039,200,000 Combined total value = 2,892,000,000

Strike  1410  has a total call value of 1,019,200,000  versus a total put value of  1,786,400,000 Combined total value = 2,805,600,000

Strike  1420  has a total call value of 1,185,600,000  versus a total put value of  1,533,600,000 Combined total value = 2,719,200,000

Strike  1430  has a total call value of 1,365,600,000  versus a total put value of  1,288,000,000 Combined total value = 2,653,600,000

Strike  1440  has a total call value of 1,545,600,000  versus a total put value of  1,059,200,000 Combined total value = 2,604,800,000

Strike  1450  has a total call value of 1,743,200,000  versus a total put value of  837,600,000 Combined total value = 2,580,800,000

Strike  1460  has a total call value of 1,965,600,000  versus a total put value of  663,200,000 Combined total value = 2,628,800,000

Strike  1470  has a total call value of 2,204,800,000  versus a total put value of  496,800,000 Combined total value = 2,701,600,000

Strike  1480  has a total call value of 2,456,800,000  versus a total put value of  340,000,000 Combined total value = 2,796,800,000

Strike  1490  has a total call value of 2,724,000,000  versus a total put value of  224,000,000 Combined total value = 2,948,000,000

Strike  1500  has a total call value of 2,997,600,000  versus a total put value of  116,800,000 Combined total value = 3,114,400,000

Strike  1510  has a total call value of 3,334,400,000  versus a total put value of  68,800,000 Combined total value = 3,403,200,000

Strike  1520  has a total call value of 3,685,600,000  versus a total put value of  27,200,000 Combined total value = 3,712,800,000

Strike  1530  has a total call value of 4,088,800,000  versus a total put value of  4,000,000 Combined total value = 4,092,800,000

Strike  1540  has a total call value of 4,525,600,000  versus a total put value of  0 Combined total value = 4,525,600,000

Strike  1560  has a total call value of 5,472,800,000  versus a total put value of  0 Combined total value = 5,472,800,000

Strike  1580  has a total call value of 6,504,800,000  versus a total put value of  0 Combined total value = 6,504,800,000

Strike  1600  has a total call value of 7,599,200,000  versus a total put value of  0 Combined total value = 7,599,200,000

Strike  1610  has a total call value of 8,226,400,000  versus a total put value of  0 Combined total value = 8,226,400,000

Strike  1620  has a total call value of 8,853,600,000  versus a total put value of  0 Combined total value = 8,853,600,000

Strike  1630  has a total call value of 9,487,200,000  versus a total put value of  0 Combined total value = 9,487,200,000

Strike  1640  has a total call value of 10,120,800,000  versus a total put value of  0 Combined total value = 10,120,800,000

Strike  1650  has a total call value of 10,812,000,000  versus a total put value of  0 Combined total value = 10,812,000,000

Strike  1660  has a total call value of 11,503,200,000  versus a total put value of  0 Combined total value = 11,503,200,000

Strike  1670  has a total call value of 12,194,400,000  versus a total put value of  0 Combined total value = 12,194,400,000

Strike  1680  has a total call value of 12,885,600,000  versus a total put value of  0 Combined total value = 12,885,600,000

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.