MRF
Mrf Ltd
Max pain for MRF
06 Sep 2024 04:11 PM IST
Max Pain for MRF is 135000
Strike 122000 has a total call value of 0 versus a total put value of 10,057,500,000 Combined total value = 10,057,500,000
Strike 122500 has a total call value of 0 versus a total put value of 9,551,000,000 Combined total value = 9,551,000,000
Strike 123000 has a total call value of 0 versus a total put value of 9,044,500,000 Combined total value = 9,044,500,000
Strike 123500 has a total call value of 0 versus a total put value of 8,575,500,000 Combined total value = 8,575,500,000
Strike 124000 has a total call value of 0 versus a total put value of 8,106,500,000 Combined total value = 8,106,500,000
Strike 124500 has a total call value of 0 versus a total put value of 7,637,500,000 Combined total value = 7,637,500,000
Strike 125000 has a total call value of 0 versus a total put value of 7,168,500,000 Combined total value = 7,168,500,000
Strike 125500 has a total call value of 0 versus a total put value of 6,775,250,000 Combined total value = 6,775,250,000
Strike 126000 has a total call value of 0 versus a total put value of 6,382,000,000 Combined total value = 6,382,000,000
Strike 126500 has a total call value of 0 versus a total put value of 5,988,750,000 Combined total value = 5,988,750,000
Strike 127000 has a total call value of 0 versus a total put value of 5,595,500,000 Combined total value = 5,595,500,000
Strike 127500 has a total call value of 0 versus a total put value of 5,202,250,000 Combined total value = 5,202,250,000
Strike 128000 has a total call value of 0 versus a total put value of 4,809,000,000 Combined total value = 4,809,000,000
Strike 128500 has a total call value of 0 versus a total put value of 4,440,750,000 Combined total value = 4,440,750,000
Strike 129000 has a total call value of 0 versus a total put value of 4,073,000,000 Combined total value = 4,073,000,000
Strike 129500 has a total call value of 0 versus a total put value of 3,705,250,000 Combined total value = 3,705,250,000
Strike 130000 has a total call value of 0 versus a total put value of 3,340,750,000 Combined total value = 3,340,750,000
Strike 130500 has a total call value of 1,250,000 versus a total put value of 3,071,750,000 Combined total value = 3,073,000,000
Strike 131000 has a total call value of 2,500,000 versus a total put value of 2,802,750,000 Combined total value = 2,805,250,000
Strike 131500 has a total call value of 3,750,000 versus a total put value of 2,533,750,000 Combined total value = 2,537,500,000
Strike 132000 has a total call value of 5,000,000 versus a total put value of 2,264,750,000 Combined total value = 2,269,750,000
Strike 132500 has a total call value of 6,250,000 versus a total put value of 1,997,500,000 Combined total value = 2,003,750,000
Strike 133000 has a total call value of 11,500,000 versus a total put value of 1,730,250,000 Combined total value = 1,741,750,000
Strike 133500 has a total call value of 16,750,000 versus a total put value of 1,471,500,000 Combined total value = 1,488,250,000
Strike 134000 has a total call value of 22,000,000 versus a total put value of 1,213,500,000 Combined total value = 1,235,500,000
Strike 134500 has a total call value of 47,750,000 versus a total put value of 980,250,000 Combined total value = 1,028,000,000
Strike 135000 has a total call value of 95,250,000 versus a total put value of 759,750,000 Combined total value = 855,000,000
Strike 135500 has a total call value of 231,000,000 versus a total put value of 637,500,000 Combined total value = 868,500,000
Strike 136000 has a total call value of 413,250,000 versus a total put value of 540,750,000 Combined total value = 954,000,000
Strike 136500 has a total call value of 656,250,000 versus a total put value of 463,250,000 Combined total value = 1,119,500,000
Strike 137000 has a total call value of 923,250,000 versus a total put value of 389,000,000 Combined total value = 1,312,250,000
Strike 137500 has a total call value of 1,231,750,000 versus a total put value of 326,250,000 Combined total value = 1,558,000,000
Strike 138000 has a total call value of 1,557,500,000 versus a total put value of 263,500,000 Combined total value = 1,821,000,000
Strike 138500 has a total call value of 1,918,500,000 versus a total put value of 200,750,000 Combined total value = 2,119,250,000
Strike 139000 has a total call value of 2,296,000,000 versus a total put value of 138,000,000 Combined total value = 2,434,000,000
Strike 139500 has a total call value of 2,697,000,000 versus a total put value of 75,250,000 Combined total value = 2,772,250,000
Strike 140000 has a total call value of 3,106,250,000 versus a total put value of 12,500,000 Combined total value = 3,118,750,000
Strike 140500 has a total call value of 3,734,000,000 versus a total put value of 11,250,000 Combined total value = 3,745,250,000
Strike 141000 has a total call value of 4,361,750,000 versus a total put value of 10,000,000 Combined total value = 4,371,750,000
Strike 141500 has a total call value of 4,991,750,000 versus a total put value of 8,750,000 Combined total value = 5,000,500,000
Strike 142000 has a total call value of 5,621,750,000 versus a total put value of 7,500,000 Combined total value = 5,629,250,000
Strike 142500 has a total call value of 6,258,250,000 versus a total put value of 6,250,000 Combined total value = 6,264,500,000
Strike 143000 has a total call value of 6,894,750,000 versus a total put value of 5,000,000 Combined total value = 6,899,750,000
Strike 143500 has a total call value of 7,536,750,000 versus a total put value of 3,750,000 Combined total value = 7,540,500,000
Strike 144000 has a total call value of 8,178,750,000 versus a total put value of 2,500,000 Combined total value = 8,181,250,000
Strike 144500 has a total call value of 8,828,000,000 versus a total put value of 1,250,000 Combined total value = 8,829,250,000
Strike 145000 has a total call value of 9,477,250,000 versus a total put value of 0 Combined total value = 9,477,250,000
Strike 145500 has a total call value of 10,252,250,000 versus a total put value of 0 Combined total value = 10,252,250,000
Strike 146000 has a total call value of 11,027,250,000 versus a total put value of 0 Combined total value = 11,027,250,000
Strike 146500 has a total call value of 11,807,500,000 versus a total put value of 0 Combined total value = 11,807,500,000
Strike 147000 has a total call value of 12,587,750,000 versus a total put value of 0 Combined total value = 12,587,750,000
Strike 147500 has a total call value of 13,375,500,000 versus a total put value of 0 Combined total value = 13,375,500,000
Strike 148000 has a total call value of 14,163,250,000 versus a total put value of 0 Combined total value = 14,163,250,000
Strike 148500 has a total call value of 14,951,000,000 versus a total put value of 0 Combined total value = 14,951,000,000
Strike 149000 has a total call value of 15,746,250,000 versus a total put value of 0 Combined total value = 15,746,250,000
Strike 149500 has a total call value of 16,544,750,000 versus a total put value of 0 Combined total value = 16,544,750,000
Strike 150000 has a total call value of 17,343,250,000 versus a total put value of 0 Combined total value = 17,343,250,000
Strike 150500 has a total call value of 18,389,000,000 versus a total put value of 0 Combined total value = 18,389,000,000
Strike 151000 has a total call value of 19,440,750,000 versus a total put value of 0 Combined total value = 19,440,750,000
Strike 151500 has a total call value of 20,503,000,000 versus a total put value of 0 Combined total value = 20,503,000,000
Strike 152000 has a total call value of 21,565,250,000 versus a total put value of 0 Combined total value = 21,565,250,000
Strike 152500 has a total call value of 22,627,500,000 versus a total put value of 0 Combined total value = 22,627,500,000
Strike 153000 has a total call value of 23,692,750,000 versus a total put value of 0 Combined total value = 23,692,750,000
Strike 153500 has a total call value of 24,758,000,000 versus a total put value of 0 Combined total value = 24,758,000,000
Strike 154000 has a total call value of 25,823,250,000 versus a total put value of 0 Combined total value = 25,823,250,000
Strike 154500 has a total call value of 26,888,500,000 versus a total put value of 0 Combined total value = 26,888,500,000
Strike 155000 has a total call value of 27,953,750,000 versus a total put value of 0 Combined total value = 27,953,750,000
Strike 155500 has a total call value of 29,019,000,000 versus a total put value of 0 Combined total value = 29,019,000,000
Strike 156000 has a total call value of 30,084,250,000 versus a total put value of 0 Combined total value = 30,084,250,000
Strike 157000 has a total call value of 32,214,750,000 versus a total put value of 0 Combined total value = 32,214,750,000
Strike 158000 has a total call value of 34,345,250,000 versus a total put value of 0 Combined total value = 34,345,250,000
Strike 158500 has a total call value of 35,410,500,000 versus a total put value of 0 Combined total value = 35,410,500,000
Strike 159000 has a total call value of 36,475,750,000 versus a total put value of 0 Combined total value = 36,475,750,000
Strike 159500 has a total call value of 37,541,000,000 versus a total put value of 0 Combined total value = 37,541,000,000
Strike 160000 has a total call value of 38,606,250,000 versus a total put value of 0 Combined total value = 38,606,250,000
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.