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NATIONALUM
NATIONAL ALUMINIUM CO LTD

191.91 5.35 (2.87%)

Max pain for NATIONALUM

14 Jun 2024 04:07 PM IST

Max Pain for NATIONALUM is 190  



Strike  130  has a total call value of 0  versus a total put value of  96,476,250,000 Combined total value = 96,476,250,000

Strike  132.5  has a total call value of 0  versus a total put value of  91,652,812,500 Combined total value = 91,652,812,500

Strike  135  has a total call value of 0  versus a total put value of  86,829,375,000 Combined total value = 86,829,375,000

Strike  137.5  has a total call value of 0  versus a total put value of  82,005,937,500 Combined total value = 82,005,937,500

Strike  140  has a total call value of 0  versus a total put value of  77,182,500,000 Combined total value = 77,182,500,000

Strike  142.5  has a total call value of 0  versus a total put value of  72,457,500,000 Combined total value = 72,457,500,000

Strike  145  has a total call value of 0  versus a total put value of  67,732,500,000 Combined total value = 67,732,500,000

Strike  147.5  has a total call value of 0  versus a total put value of  63,113,437,500 Combined total value = 63,113,437,500

Strike  150  has a total call value of 0  versus a total put value of  58,494,375,000 Combined total value = 58,494,375,000

Strike  152.5  has a total call value of 35,625,000  versus a total put value of  54,171,562,500 Combined total value = 54,207,187,500

Strike  155  has a total call value of 71,250,000  versus a total put value of  49,848,750,000 Combined total value = 49,920,000,000

Strike  157.5  has a total call value of 106,875,000  versus a total put value of  45,658,125,000 Combined total value = 45,765,000,000

Strike  160  has a total call value of 142,500,000  versus a total put value of  41,467,500,000 Combined total value = 41,610,000,000

Strike  162.5  has a total call value of 302,812,500  versus a total put value of  37,632,187,500 Combined total value = 37,935,000,000

Strike  165  has a total call value of 463,125,000  versus a total put value of  33,796,875,000 Combined total value = 34,260,000,000

Strike  167.5  has a total call value of 623,437,500  versus a total put value of  30,100,312,500 Combined total value = 30,723,750,000

Strike  170  has a total call value of 799,687,500  versus a total put value of  26,466,562,500 Combined total value = 27,266,250,000

Strike  172.5  has a total call value of 1,156,875,000  versus a total put value of  23,246,250,000 Combined total value = 24,403,125,000

Strike  175  has a total call value of 1,549,687,500  versus a total put value of  20,066,250,000 Combined total value = 21,615,937,500

Strike  177.5  has a total call value of 2,027,812,500  versus a total put value of  17,087,812,500 Combined total value = 19,115,625,000

Strike  180  has a total call value of 2,535,000,000  versus a total put value of  14,144,062,500 Combined total value = 16,679,062,500

Strike  182.5  has a total call value of 3,345,937,500  versus a total put value of  11,619,375,000 Combined total value = 14,965,312,500

Strike  185  has a total call value of 4,231,875,000  versus a total put value of  9,191,250,000 Combined total value = 13,423,125,000

Strike  187.5  has a total call value of 5,373,750,000  versus a total put value of  7,178,437,500 Combined total value = 12,552,187,500

Strike  190  has a total call value of 6,617,812,500  versus a total put value of  5,308,125,000 Combined total value = 11,925,937,500

Strike  192.5  has a total call value of 8,665,312,500  versus a total put value of  4,093,125,000 Combined total value = 12,758,437,500

Strike  195  has a total call value of 10,909,687,500  versus a total put value of  2,990,625,000 Combined total value = 13,900,312,500

Strike  197.5  has a total call value of 13,860,000,000  versus a total put value of  2,216,250,000 Combined total value = 16,076,250,000

Strike  200  has a total call value of 17,104,687,500  versus a total put value of  1,493,437,500 Combined total value = 18,598,125,000

Strike  202.5  has a total call value of 22,537,500,000  versus a total put value of  1,110,937,500 Combined total value = 23,648,437,500

Strike  205  has a total call value of 28,087,500,000  versus a total put value of  760,312,500 Combined total value = 28,847,812,500

Strike  207.5  has a total call value of 34,231,875,000  versus a total put value of  479,062,500 Combined total value = 34,710,937,500

Strike  210  has a total call value of 40,475,625,000  versus a total put value of  197,812,500 Combined total value = 40,673,437,500

Strike  212.5  has a total call value of 47,735,625,000  versus a total put value of  125,625,000 Combined total value = 47,861,250,000

Strike  215  has a total call value of 55,059,375,000  versus a total put value of  63,750,000 Combined total value = 55,123,125,000

Strike  217.5  has a total call value of 62,671,875,000  versus a total put value of  41,250,000 Combined total value = 62,713,125,000

Strike  220  has a total call value of 70,302,187,500  versus a total put value of  18,750,000 Combined total value = 70,320,937,500

Strike  222.5  has a total call value of 78,798,750,000  versus a total put value of  9,375,000 Combined total value = 78,808,125,000

Strike  225  has a total call value of 87,328,125,000  versus a total put value of  0 Combined total value = 87,328,125,000

Strike  227.5  has a total call value of 95,984,062,500  versus a total put value of  0 Combined total value = 95,984,062,500

Strike  230  has a total call value of 104,669,062,500  versus a total put value of  0 Combined total value = 104,669,062,500

Strike  232.5  has a total call value of 113,625,937,500  versus a total put value of  0 Combined total value = 113,625,937,500

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.