MOTHERSON
Samvrdhna Mthrsn Intl Ltd
Max pain for MOTHERSON
18 Oct 2024 10:43 AM IST
Max Pain for MOTHERSON is 207.5
Strike 160 has a total call value of 0 versus a total put value of 144,847,100,000 Combined total value = 144,847,100,000
Strike 162.5 has a total call value of 0 versus a total put value of 135,649,050,000 Combined total value = 135,649,050,000
Strike 165 has a total call value of 0 versus a total put value of 126,451,000,000 Combined total value = 126,451,000,000
Strike 167.5 has a total call value of 0 versus a total put value of 117,252,950,000 Combined total value = 117,252,950,000
Strike 170 has a total call value of 0 versus a total put value of 108,054,900,000 Combined total value = 108,054,900,000
Strike 172.5 has a total call value of 0 versus a total put value of 99,218,950,000 Combined total value = 99,218,950,000
Strike 175 has a total call value of 0 versus a total put value of 90,383,000,000 Combined total value = 90,383,000,000
Strike 177.5 has a total call value of 0 versus a total put value of 81,903,825,000 Combined total value = 81,903,825,000
Strike 180 has a total call value of 0 versus a total put value of 73,424,650,000 Combined total value = 73,424,650,000
Strike 182.5 has a total call value of 106,500,000 versus a total put value of 65,414,075,000 Combined total value = 65,520,575,000
Strike 185 has a total call value of 223,650,000 versus a total put value of 57,463,850,000 Combined total value = 57,687,500,000
Strike 187.5 has a total call value of 374,525,000 versus a total put value of 49,959,150,000 Combined total value = 50,333,675,000
Strike 190 has a total call value of 532,500,000 versus a total put value of 42,541,425,000 Combined total value = 43,073,925,000
Strike 192.5 has a total call value of 836,025,000 versus a total put value of 36,185,150,000 Combined total value = 37,021,175,000
Strike 195 has a total call value of 1,162,625,000 versus a total put value of 29,969,100,000 Combined total value = 31,131,725,000
Strike 197.5 has a total call value of 1,633,000,000 versus a total put value of 24,287,325,000 Combined total value = 25,920,325,000
Strike 200 has a total call value of 2,161,950,000 versus a total put value of 18,802,575,000 Combined total value = 20,964,525,000
Strike 202.5 has a total call value of 3,768,325,000 versus a total put value of 14,556,775,000 Combined total value = 18,325,100,000
Strike 205 has a total call value of 5,921,400,000 versus a total put value of 10,619,825,000 Combined total value = 16,541,225,000
Strike 207.5 has a total call value of 8,866,125,000 versus a total put value of 7,540,200,000 Combined total value = 16,406,325,000
Strike 210 has a total call value of 12,338,025,000 versus a total put value of 4,849,300,000 Combined total value = 17,187,325,000
Strike 212.5 has a total call value of 17,817,450,000 versus a total put value of 3,012,175,000 Combined total value = 20,829,625,000
Strike 215 has a total call value of 23,887,950,000 versus a total put value of 1,562,000,000 Combined total value = 25,449,950,000
Strike 217.5 has a total call value of 32,068,925,000 versus a total put value of 855,550,000 Combined total value = 32,924,475,000
Strike 220 has a total call value of 40,626,200,000 versus a total put value of 347,900,000 Combined total value = 40,974,100,000
Strike 222.5 has a total call value of 52,032,350,000 versus a total put value of 260,925,000 Combined total value = 52,293,275,000
Strike 225 has a total call value of 63,678,125,000 versus a total put value of 173,950,000 Combined total value = 63,852,075,000
Strike 227.5 has a total call value of 76,426,175,000 versus a total put value of 86,975,000 Combined total value = 76,513,150,000
Strike 230 has a total call value of 89,259,425,000 versus a total put value of 0 Combined total value = 89,259,425,000
Strike 232.5 has a total call value of 103,654,675,000 versus a total put value of 0 Combined total value = 103,654,675,000
Strike 235 has a total call value of 118,234,525,000 versus a total put value of 0 Combined total value = 118,234,525,000
Strike 237.5 has a total call value of 133,385,925,000 versus a total put value of 0 Combined total value = 133,385,925,000
Strike 240 has a total call value of 148,537,325,000 versus a total put value of 0 Combined total value = 148,537,325,000
Strike 242.5 has a total call value of 164,430,675,000 versus a total put value of 0 Combined total value = 164,430,675,000
Strike 245 has a total call value of 180,324,025,000 versus a total put value of 0 Combined total value = 180,324,025,000
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.