MPHASIS
Mphasis Limited
Max pain for MPHASIS
06 Sep 2024 04:12 PM IST
Max Pain for MPHASIS is 3100
Strike 2500 has a total call value of 0 versus a total put value of 55,250,250,000 Combined total value = 55,250,250,000
Strike 2545 has a total call value of 0 versus a total put value of 49,601,062,500 Combined total value = 49,601,062,500
Strike 2550 has a total call value of 0 versus a total put value of 48,973,375,000 Combined total value = 48,973,375,000
Strike 2600 has a total call value of 0 versus a total put value of 42,696,500,000 Combined total value = 42,696,500,000
Strike 2645 has a total call value of 0 versus a total put value of 37,294,812,500 Combined total value = 37,294,812,500
Strike 2650 has a total call value of 0 versus a total put value of 36,694,625,000 Combined total value = 36,694,625,000
Strike 2700 has a total call value of 0 versus a total put value of 30,692,750,000 Combined total value = 30,692,750,000
Strike 2745 has a total call value of 4,950,000 versus a total put value of 26,071,925,000 Combined total value = 26,076,875,000
Strike 2750 has a total call value of 5,500,000 versus a total put value of 25,558,500,000 Combined total value = 25,564,000,000
Strike 2800 has a total call value of 11,000,000 versus a total put value of 20,527,375,000 Combined total value = 20,538,375,000
Strike 2845 has a total call value of 74,112,500 versus a total put value of 16,661,425,000 Combined total value = 16,735,537,500
Strike 2850 has a total call value of 81,125,000 versus a total put value of 16,231,875,000 Combined total value = 16,313,000,000
Strike 2900 has a total call value of 151,250,000 versus a total put value of 12,112,375,000 Combined total value = 12,263,625,000
Strike 2945 has a total call value of 268,812,500 versus a total put value of 8,858,987,500 Combined total value = 9,127,800,000
Strike 2950 has a total call value of 281,875,000 versus a total put value of 8,497,500,000 Combined total value = 8,779,375,000
Strike 3000 has a total call value of 431,750,000 versus a total put value of 5,051,750,000 Combined total value = 5,483,500,000
Strike 3045 has a total call value of 923,037,500 versus a total put value of 3,173,225,000 Combined total value = 4,096,262,500
Strike 3050 has a total call value of 977,625,000 versus a total put value of 2,964,500,000 Combined total value = 3,942,125,000
Strike 3100 has a total call value of 1,852,125,000 versus a total put value of 1,447,875,000 Combined total value = 3,300,000,000
Strike 3145 has a total call value of 3,726,937,500 versus a total put value of 659,587,500 Combined total value = 4,386,525,000
Strike 3150 has a total call value of 3,935,250,000 versus a total put value of 572,000,000 Combined total value = 4,507,250,000
Strike 3200 has a total call value of 6,887,375,000 versus a total put value of 79,750,000 Combined total value = 6,967,125,000
Strike 3245 has a total call value of 11,348,562,500 versus a total put value of 40,150,000 Combined total value = 11,388,712,500
Strike 3250 has a total call value of 11,844,250,000 versus a total put value of 35,750,000 Combined total value = 11,880,000,000
Strike 3300 has a total call value of 16,996,375,000 versus a total put value of 19,250,000 Combined total value = 17,015,625,000
Strike 3345 has a total call value of 22,370,837,500 versus a total put value of 10,587,500 Combined total value = 22,381,425,000
Strike 3350 has a total call value of 22,968,000,000 versus a total put value of 9,625,000 Combined total value = 22,977,625,000
Strike 3400 has a total call value of 29,026,250,000 versus a total put value of 0 Combined total value = 29,026,250,000
Strike 3450 has a total call value of 35,994,750,000 versus a total put value of 0 Combined total value = 35,994,750,000
Strike 3500 has a total call value of 42,963,250,000 versus a total put value of 0 Combined total value = 42,963,250,000
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.