MPHASIS
MPHASIS LIMITED
Max pain for MPHASIS
26 Jul 2024 04:12 PM IST
Max Pain for MPHASIS is 3000
Strike 2345 has a total call value of 0 versus a total put value of 60,465,625,000 Combined total value = 60,465,625,000
Strike 2350 has a total call value of 0 versus a total put value of 59,847,425,000 Combined total value = 59,847,425,000
Strike 2395 has a total call value of 0 versus a total put value of 54,283,625,000 Combined total value = 54,283,625,000
Strike 2400 has a total call value of 0 versus a total put value of 53,669,275,000 Combined total value = 53,669,275,000
Strike 2445 has a total call value of 0 versus a total put value of 48,249,025,000 Combined total value = 48,249,025,000
Strike 2450 has a total call value of 0 versus a total put value of 47,650,075,000 Combined total value = 47,650,075,000
Strike 2495 has a total call value of 0 versus a total put value of 42,279,325,000 Combined total value = 42,279,325,000
Strike 2500 has a total call value of 0 versus a total put value of 41,688,350,000 Combined total value = 41,688,350,000
Strike 2545 has a total call value of 0 versus a total put value of 36,551,487,500 Combined total value = 36,551,487,500
Strike 2550 has a total call value of 0 versus a total put value of 35,984,025,000 Combined total value = 35,984,025,000
Strike 2595 has a total call value of 0 versus a total put value of 30,885,525,000 Combined total value = 30,885,525,000
Strike 2600 has a total call value of 0 versus a total put value of 30,319,025,000 Combined total value = 30,319,025,000
Strike 2645 has a total call value of 13,612,500 versus a total put value of 25,515,050,000 Combined total value = 25,528,662,500
Strike 2650 has a total call value of 15,125,000 versus a total put value of 24,981,275,000 Combined total value = 24,996,400,000
Strike 2695 has a total call value of 28,737,500 versus a total put value of 20,221,850,000 Combined total value = 20,250,587,500
Strike 2700 has a total call value of 30,250,000 versus a total put value of 19,694,675,000 Combined total value = 19,724,925,000
Strike 2745 has a total call value of 79,750,000 versus a total put value of 15,458,712,500 Combined total value = 15,538,462,500
Strike 2750 has a total call value of 89,512,500 versus a total put value of 14,991,212,500 Combined total value = 15,080,725,000
Strike 2795 has a total call value of 184,800,000 versus a total put value of 10,879,000,000 Combined total value = 11,063,800,000
Strike 2800 has a total call value of 195,525,000 versus a total put value of 10,430,887,500 Combined total value = 10,626,412,500
Strike 2845 has a total call value of 419,512,500 versus a total put value of 7,324,762,500 Combined total value = 7,744,275,000
Strike 2850 has a total call value of 447,287,500 versus a total put value of 6,985,000,000 Combined total value = 7,432,287,500
Strike 2895 has a total call value of 757,900,000 versus a total put value of 4,490,200,000 Combined total value = 5,248,100,000
Strike 2900 has a total call value of 792,412,500 versus a total put value of 4,213,000,000 Combined total value = 5,005,412,500
Strike 2945 has a total call value of 1,523,775,000 versus a total put value of 2,419,862,500 Combined total value = 3,943,637,500
Strike 2950 has a total call value of 1,612,462,500 versus a total put value of 2,226,125,000 Combined total value = 3,838,587,500
Strike 2995 has a total call value of 2,534,400,000 versus a total put value of 883,437,500 Combined total value = 3,417,837,500
Strike 3000 has a total call value of 2,636,837,500 versus a total put value of 734,250,000 Combined total value = 3,371,087,500
Strike 3045 has a total call value of 4,460,912,500 versus a total put value of 324,637,500 Combined total value = 4,785,550,000
Strike 3050 has a total call value of 4,663,587,500 versus a total put value of 279,125,000 Combined total value = 4,942,712,500
Strike 3095 has a total call value of 6,774,762,500 versus a total put value of 103,400,000 Combined total value = 6,878,162,500
Strike 3100 has a total call value of 7,009,337,500 versus a total put value of 83,875,000 Combined total value = 7,093,212,500
Strike 3145 has a total call value of 10,408,750,000 versus a total put value of 35,612,500 Combined total value = 10,444,362,500
Strike 3150 has a total call value of 10,786,462,500 versus a total put value of 30,250,000 Combined total value = 10,816,712,500
Strike 3200 has a total call value of 15,025,587,500 versus a total put value of 0 Combined total value = 15,025,587,500
Strike 3250 has a total call value of 20,392,212,500 versus a total put value of 0 Combined total value = 20,392,212,500
Strike 3300 has a total call value of 25,813,837,500 versus a total put value of 0 Combined total value = 25,813,837,500
Strike 3345 has a total call value of 32,016,187,500 versus a total put value of 0 Combined total value = 32,016,187,500
Strike 3350 has a total call value of 32,705,337,500 versus a total put value of 0 Combined total value = 32,705,337,500
Strike 3400 has a total call value of 39,698,587,500 versus a total put value of 0 Combined total value = 39,698,587,500
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.