MOTHERSON
SAMVRDHNA MTHRSN INTL LTD
Max pain for MOTHERSON
26 Jul 2024 04:12 PM IST
Max Pain for MOTHERSON is 192.5
Strike 150 has a total call value of 0 versus a total put value of 64,418,300,000 Combined total value = 64,418,300,000
Strike 152 has a total call value of 0 versus a total put value of 60,693,640,000 Combined total value = 60,693,640,000
Strike 152.5 has a total call value of 0 versus a total put value of 59,762,475,000 Combined total value = 59,762,475,000
Strike 154 has a total call value of 0 versus a total put value of 56,968,980,000 Combined total value = 56,968,980,000
Strike 155 has a total call value of 0 versus a total put value of 55,106,650,000 Combined total value = 55,106,650,000
Strike 156 has a total call value of 0 versus a total put value of 53,244,320,000 Combined total value = 53,244,320,000
Strike 157.5 has a total call value of 0 versus a total put value of 50,450,825,000 Combined total value = 50,450,825,000
Strike 158 has a total call value of 0 versus a total put value of 49,519,660,000 Combined total value = 49,519,660,000
Strike 160 has a total call value of 0 versus a total put value of 45,795,000,000 Combined total value = 45,795,000,000
Strike 162 has a total call value of 0 versus a total put value of 42,070,340,000 Combined total value = 42,070,340,000
Strike 162.5 has a total call value of 355,000 versus a total put value of 41,139,175,000 Combined total value = 41,139,530,000
Strike 164 has a total call value of 1,420,000 versus a total put value of 38,345,680,000 Combined total value = 38,347,100,000
Strike 165 has a total call value of 2,130,000 versus a total put value of 36,483,350,000 Combined total value = 36,485,480,000
Strike 166 has a total call value of 7,100,000 versus a total put value of 34,661,490,000 Combined total value = 34,668,590,000
Strike 167.5 has a total call value of 14,555,000 versus a total put value of 31,928,700,000 Combined total value = 31,943,255,000
Strike 168 has a total call value of 17,040,000 versus a total put value of 31,017,770,000 Combined total value = 31,034,810,000
Strike 170 has a total call value of 26,980,000 versus a total put value of 27,374,050,000 Combined total value = 27,401,030,000
Strike 172 has a total call value of 76,680,000 versus a total put value of 24,153,490,000 Combined total value = 24,230,170,000
Strike 172.5 has a total call value of 89,105,000 versus a total put value of 23,348,350,000 Combined total value = 23,437,455,000
Strike 174 has a total call value of 126,380,000 versus a total put value of 20,932,930,000 Combined total value = 21,059,310,000
Strike 175 has a total call value of 151,230,000 versus a total put value of 19,322,650,000 Combined total value = 19,473,880,000
Strike 176 has a total call value of 176,080,000 versus a total put value of 17,960,160,000 Combined total value = 18,136,240,000
Strike 177.5 has a total call value of 213,355,000 versus a total put value of 15,916,425,000 Combined total value = 16,129,780,000
Strike 178 has a total call value of 225,780,000 versus a total put value of 15,251,155,000 Combined total value = 15,476,935,000
Strike 180 has a total call value of 275,480,000 versus a total put value of 12,590,075,000 Combined total value = 12,865,555,000
Strike 182 has a total call value of 364,940,000 versus a total put value of 10,604,915,000 Combined total value = 10,969,855,000
Strike 182.5 has a total call value of 387,305,000 versus a total put value of 10,108,625,000 Combined total value = 10,495,930,000
Strike 184 has a total call value of 456,530,000 versus a total put value of 8,645,315,000 Combined total value = 9,101,845,000
Strike 185 has a total call value of 502,680,000 versus a total put value of 7,669,775,000 Combined total value = 8,172,455,000
Strike 186 has a total call value of 585,040,000 versus a total put value of 6,929,955,000 Combined total value = 7,514,995,000
Strike 187.5 has a total call value of 708,580,000 versus a total put value of 5,820,225,000 Combined total value = 6,528,805,000
Strike 188 has a total call value of 757,215,000 versus a total put value of 5,462,740,000 Combined total value = 6,219,955,000
Strike 190 has a total call value of 951,755,000 versus a total put value of 4,032,800,000 Combined total value = 4,984,555,000
Strike 192 has a total call value of 1,639,035,000 versus a total put value of 3,185,060,000 Combined total value = 4,824,095,000
Strike 192.5 has a total call value of 1,823,280,000 versus a total put value of 2,973,125,000 Combined total value = 4,796,405,000
Strike 194 has a total call value of 2,473,995,000 versus a total put value of 2,383,115,000 Combined total value = 4,857,110,000
Strike 195 has a total call value of 2,920,585,000 versus a total put value of 1,989,775,000 Combined total value = 4,910,360,000
Strike 196 has a total call value of 3,542,545,000 versus a total put value of 1,705,775,000 Combined total value = 5,248,320,000
Strike 197.5 has a total call value of 4,475,485,000 versus a total put value of 1,279,775,000 Combined total value = 5,755,260,000
Strike 200 has a total call value of 6,143,985,000 versus a total put value of 594,625,000 Combined total value = 6,738,610,000
Strike 202.5 has a total call value of 9,363,835,000 versus a total put value of 434,875,000 Combined total value = 9,798,710,000
Strike 205 has a total call value of 12,622,735,000 versus a total put value of 291,100,000 Combined total value = 12,913,835,000
Strike 207.5 has a total call value of 16,190,485,000 versus a total put value of 202,350,000 Combined total value = 16,392,835,000
Strike 210 has a total call value of 19,774,210,000 versus a total put value of 113,600,000 Combined total value = 19,887,810,000
Strike 212.5 has a total call value of 24,321,760,000 versus a total put value of 85,200,000 Combined total value = 24,406,960,000
Strike 215 has a total call value of 28,910,135,000 versus a total put value of 56,800,000 Combined total value = 28,966,935,000
Strike 217.5 has a total call value of 33,810,910,000 versus a total put value of 28,400,000 Combined total value = 33,839,310,000
Strike 220 has a total call value of 38,711,685,000 versus a total put value of 0 Combined total value = 38,711,685,000
Strike 222.5 has a total call value of 44,212,410,000 versus a total put value of 0 Combined total value = 44,212,410,000
Strike 225 has a total call value of 49,713,135,000 versus a total put value of 0 Combined total value = 49,713,135,000
Strike 227.5 has a total call value of 55,451,710,000 versus a total put value of 0 Combined total value = 55,451,710,000
Strike 230 has a total call value of 61,202,710,000 versus a total put value of 0 Combined total value = 61,202,710,000
Strike 232.5 has a total call value of 67,223,510,000 versus a total put value of 0 Combined total value = 67,223,510,000
Strike 235 has a total call value of 73,244,310,000 versus a total put value of 0 Combined total value = 73,244,310,000
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.