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MGL
MAHANAGAR GAS LTD.

1498.85 14.50 (0.98%)


Strike  1350  has a total call value of 0  versus a total put value of  2,443,200,000 Combined total value = 2,443,200,000

Strike  1360  has a total call value of 0  versus a total put value of  2,173,600,000 Combined total value = 2,173,600,000

Strike  1370  has a total call value of 0  versus a total put value of  1,904,000,000 Combined total value = 1,904,000,000

Strike  1380  has a total call value of 0  versus a total put value of  1,634,400,000 Combined total value = 1,634,400,000

Strike  1390  has a total call value of 0  versus a total put value of  1,369,600,000 Combined total value = 1,369,600,000

Strike  1400  has a total call value of 0  versus a total put value of  1,104,800,000 Combined total value = 1,104,800,000

Strike  1410  has a total call value of 16,800,000  versus a total put value of  964,800,000 Combined total value = 981,600,000

Strike  1420  has a total call value of 33,600,000  versus a total put value of  824,800,000 Combined total value = 858,400,000

Strike  1430  has a total call value of 50,400,000  versus a total put value of  684,800,000 Combined total value = 735,200,000

Strike  1440  has a total call value of 67,200,000  versus a total put value of  544,800,000 Combined total value = 612,000,000

Strike  1450  has a total call value of 84,000,000  versus a total put value of  408,000,000 Combined total value = 492,000,000

Strike  1460  has a total call value of 111,200,000  versus a total put value of  310,400,000 Combined total value = 421,600,000

Strike  1470  has a total call value of 141,600,000  versus a total put value of  241,600,000 Combined total value = 383,200,000

Strike  1480  has a total call value of 172,000,000  versus a total put value of  172,800,000 Combined total value = 344,800,000

Strike  1490  has a total call value of 202,400,000  versus a total put value of  104,000,000 Combined total value = 306,400,000

Strike  1500  has a total call value of 232,800,000  versus a total put value of  35,200,000 Combined total value = 268,000,000

Strike  1510  has a total call value of 371,200,000  versus a total put value of  31,200,000 Combined total value = 402,400,000

Strike  1520  has a total call value of 509,600,000  versus a total put value of  27,200,000 Combined total value = 536,800,000

Strike  1530  has a total call value of 648,000,000  versus a total put value of  23,200,000 Combined total value = 671,200,000

Strike  1540  has a total call value of 786,400,000  versus a total put value of  19,200,000 Combined total value = 805,600,000

Strike  1550  has a total call value of 948,000,000  versus a total put value of  16,000,000 Combined total value = 964,000,000

Strike  1560  has a total call value of 1,109,600,000  versus a total put value of  12,800,000 Combined total value = 1,122,400,000

Strike  1570  has a total call value of 1,280,000,000  versus a total put value of  11,200,000 Combined total value = 1,291,200,000

Strike  1580  has a total call value of 1,450,400,000  versus a total put value of  9,600,000 Combined total value = 1,460,000,000

Strike  1590  has a total call value of 1,620,800,000  versus a total put value of  8,000,000 Combined total value = 1,628,800,000

Strike  1600  has a total call value of 1,791,200,000  versus a total put value of  6,400,000 Combined total value = 1,797,600,000

Strike  1610  has a total call value of 2,051,200,000  versus a total put value of  4,800,000 Combined total value = 2,056,000,000

Strike  1620  has a total call value of 2,311,200,000  versus a total put value of  3,200,000 Combined total value = 2,314,400,000

Strike  1630  has a total call value of 2,573,600,000  versus a total put value of  1,600,000 Combined total value = 2,575,200,000

Strike  1640  has a total call value of 2,836,000,000  versus a total put value of  0 Combined total value = 2,836,000,000

Strike  1650  has a total call value of 3,128,800,000  versus a total put value of  0 Combined total value = 3,128,800,000

Strike  1660  has a total call value of 3,421,600,000  versus a total put value of  0 Combined total value = 3,421,600,000

Strike  1670  has a total call value of 3,716,800,000  versus a total put value of  0 Combined total value = 3,716,800,000

Strike  1680  has a total call value of 4,012,000,000  versus a total put value of  0 Combined total value = 4,012,000,000

Strike  1700  has a total call value of 4,615,200,000  versus a total put value of  0 Combined total value = 4,615,200,000

Strike  1720  has a total call value of 5,218,400,000  versus a total put value of  0 Combined total value = 5,218,400,000

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.