MRF
MRF LTD
Max pain for MRF
26 Jul 2024 04:11 PM IST
Max Pain for MRF is 136000
Strike 120000 has a total call value of 0 versus a total put value of 7,303,500,000 Combined total value = 7,303,500,000
Strike 120500 has a total call value of 0 versus a total put value of 6,995,500,000 Combined total value = 6,995,500,000
Strike 121000 has a total call value of 0 versus a total put value of 6,687,500,000 Combined total value = 6,687,500,000
Strike 121500 has a total call value of 0 versus a total put value of 6,379,500,000 Combined total value = 6,379,500,000
Strike 122000 has a total call value of 0 versus a total put value of 6,071,500,000 Combined total value = 6,071,500,000
Strike 122500 has a total call value of 0 versus a total put value of 5,763,500,000 Combined total value = 5,763,500,000
Strike 123000 has a total call value of 0 versus a total put value of 5,455,500,000 Combined total value = 5,455,500,000
Strike 123500 has a total call value of 0 versus a total put value of 5,155,750,000 Combined total value = 5,155,750,000
Strike 124000 has a total call value of 0 versus a total put value of 4,856,000,000 Combined total value = 4,856,000,000
Strike 124500 has a total call value of 0 versus a total put value of 4,556,500,000 Combined total value = 4,556,500,000
Strike 125000 has a total call value of 0 versus a total put value of 4,257,000,000 Combined total value = 4,257,000,000
Strike 125500 has a total call value of 0 versus a total put value of 3,981,500,000 Combined total value = 3,981,500,000
Strike 126000 has a total call value of 0 versus a total put value of 3,706,000,000 Combined total value = 3,706,000,000
Strike 126500 has a total call value of 0 versus a total put value of 3,430,500,000 Combined total value = 3,430,500,000
Strike 127000 has a total call value of 0 versus a total put value of 3,155,000,000 Combined total value = 3,155,000,000
Strike 127500 has a total call value of 0 versus a total put value of 2,879,500,000 Combined total value = 2,879,500,000
Strike 128000 has a total call value of 0 versus a total put value of 2,604,000,000 Combined total value = 2,604,000,000
Strike 128500 has a total call value of 0 versus a total put value of 2,337,000,000 Combined total value = 2,337,000,000
Strike 129000 has a total call value of 0 versus a total put value of 2,070,000,000 Combined total value = 2,070,000,000
Strike 129500 has a total call value of 3,500,000 versus a total put value of 1,803,000,000 Combined total value = 1,806,500,000
Strike 130000 has a total call value of 7,000,000 versus a total put value of 1,537,250,000 Combined total value = 1,544,250,000
Strike 130500 has a total call value of 19,750,000 versus a total put value of 1,394,250,000 Combined total value = 1,414,000,000
Strike 131000 has a total call value of 32,500,000 versus a total put value of 1,251,250,000 Combined total value = 1,283,750,000
Strike 131500 has a total call value of 45,250,000 versus a total put value of 1,108,250,000 Combined total value = 1,153,500,000
Strike 132000 has a total call value of 58,000,000 versus a total put value of 965,500,000 Combined total value = 1,023,500,000
Strike 132500 has a total call value of 77,000,000 versus a total put value of 859,000,000 Combined total value = 936,000,000
Strike 133000 has a total call value of 96,000,000 versus a total put value of 752,500,000 Combined total value = 848,500,000
Strike 133500 has a total call value of 115,000,000 versus a total put value of 646,000,000 Combined total value = 761,000,000
Strike 134000 has a total call value of 134,000,000 versus a total put value of 541,500,000 Combined total value = 675,500,000
Strike 134500 has a total call value of 153,000,000 versus a total put value of 441,250,000 Combined total value = 594,250,000
Strike 135000 has a total call value of 172,000,000 versus a total put value of 341,000,000 Combined total value = 513,000,000
Strike 135500 has a total call value of 221,000,000 versus a total put value of 289,500,000 Combined total value = 510,500,000
Strike 136000 has a total call value of 270,500,000 versus a total put value of 238,250,000 Combined total value = 508,750,000
Strike 136500 has a total call value of 321,500,000 versus a total put value of 188,500,000 Combined total value = 510,000,000
Strike 137000 has a total call value of 374,000,000 versus a total put value of 142,250,000 Combined total value = 516,250,000
Strike 137500 has a total call value of 431,250,000 versus a total put value of 107,000,000 Combined total value = 538,250,000
Strike 138000 has a total call value of 491,750,000 versus a total put value of 74,250,000 Combined total value = 566,000,000
Strike 138500 has a total call value of 563,750,000 versus a total put value of 51,750,000 Combined total value = 615,500,000
Strike 139000 has a total call value of 638,500,000 versus a total put value of 32,000,000 Combined total value = 670,500,000
Strike 139500 has a total call value of 717,750,000 versus a total put value of 16,000,000 Combined total value = 733,750,000
Strike 140000 has a total call value of 797,500,000 versus a total put value of 0 Combined total value = 797,500,000
Strike 140500 has a total call value of 946,000,000 versus a total put value of 0 Combined total value = 946,000,000
Strike 141000 has a total call value of 1,094,500,000 versus a total put value of 0 Combined total value = 1,094,500,000
Strike 141500 has a total call value of 1,245,750,000 versus a total put value of 0 Combined total value = 1,245,750,000
Strike 142000 has a total call value of 1,397,000,000 versus a total put value of 0 Combined total value = 1,397,000,000
Strike 142500 has a total call value of 1,552,250,000 versus a total put value of 0 Combined total value = 1,552,250,000
Strike 143000 has a total call value of 1,707,750,000 versus a total put value of 0 Combined total value = 1,707,750,000
Strike 143500 has a total call value of 1,863,250,000 versus a total put value of 0 Combined total value = 1,863,250,000
Strike 144000 has a total call value of 2,018,750,000 versus a total put value of 0 Combined total value = 2,018,750,000
Strike 144500 has a total call value of 2,179,250,000 versus a total put value of 0 Combined total value = 2,179,250,000
Strike 145000 has a total call value of 2,339,750,000 versus a total put value of 0 Combined total value = 2,339,750,000
Strike 145500 has a total call value of 2,554,500,000 versus a total put value of 0 Combined total value = 2,554,500,000
Strike 146000 has a total call value of 2,769,250,000 versus a total put value of 0 Combined total value = 2,769,250,000
Strike 146500 has a total call value of 2,984,000,000 versus a total put value of 0 Combined total value = 2,984,000,000
Strike 147000 has a total call value of 3,198,750,000 versus a total put value of 0 Combined total value = 3,198,750,000
Strike 147500 has a total call value of 3,416,500,000 versus a total put value of 0 Combined total value = 3,416,500,000
Strike 148000 has a total call value of 3,634,250,000 versus a total put value of 0 Combined total value = 3,634,250,000
Strike 148500 has a total call value of 3,852,750,000 versus a total put value of 0 Combined total value = 3,852,750,000
Strike 149000 has a total call value of 4,071,250,000 versus a total put value of 0 Combined total value = 4,071,250,000
Strike 149500 has a total call value of 4,331,750,000 versus a total put value of 0 Combined total value = 4,331,750,000
Strike 150000 has a total call value of 4,592,250,000 versus a total put value of 0 Combined total value = 4,592,250,000
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.