NATIONALUM
NATIONAL ALUMINIUM CO LTD
Max pain for NATIONALUM
28 Mar 2024 03:50 PM IST
Max Pain for NATIONALUM is 155
Strike 115 has a total call value of 0 versus a total put value of 37,767,375,000 Combined total value = 37,767,375,000
Strike 116 has a total call value of 2,250,000 versus a total put value of 36,646,875,000 Combined total value = 36,649,125,000
Strike 117 has a total call value of 4,500,000 versus a total put value of 35,526,375,000 Combined total value = 35,530,875,000
Strike 117.5 has a total call value of 5,625,000 versus a total put value of 34,966,125,000 Combined total value = 34,971,750,000
Strike 118 has a total call value of 6,750,000 versus a total put value of 34,405,875,000 Combined total value = 34,412,625,000
Strike 119 has a total call value of 9,000,000 versus a total put value of 33,285,375,000 Combined total value = 33,294,375,000
Strike 120 has a total call value of 11,250,000 versus a total put value of 32,164,875,000 Combined total value = 32,176,125,000
Strike 121 has a total call value of 13,500,000 versus a total put value of 31,044,375,000 Combined total value = 31,057,875,000
Strike 122 has a total call value of 15,750,000 versus a total put value of 29,923,875,000 Combined total value = 29,939,625,000
Strike 122.5 has a total call value of 16,875,000 versus a total put value of 29,363,625,000 Combined total value = 29,380,500,000
Strike 123 has a total call value of 18,000,000 versus a total put value of 28,803,375,000 Combined total value = 28,821,375,000
Strike 124 has a total call value of 20,250,000 versus a total put value of 27,682,875,000 Combined total value = 27,703,125,000
Strike 125 has a total call value of 22,500,000 versus a total put value of 26,562,375,000 Combined total value = 26,584,875,000
Strike 126 has a total call value of 27,750,000 versus a total put value of 25,458,375,000 Combined total value = 25,486,125,000
Strike 127 has a total call value of 33,000,000 versus a total put value of 24,354,375,000 Combined total value = 24,387,375,000
Strike 127.5 has a total call value of 35,625,000 versus a total put value of 23,802,375,000 Combined total value = 23,838,000,000
Strike 128 has a total call value of 38,250,000 versus a total put value of 23,250,375,000 Combined total value = 23,288,625,000
Strike 129 has a total call value of 43,500,000 versus a total put value of 22,146,375,000 Combined total value = 22,189,875,000
Strike 130 has a total call value of 48,750,000 versus a total put value of 21,042,375,000 Combined total value = 21,091,125,000
Strike 131 has a total call value of 54,000,000 versus a total put value of 19,938,375,000 Combined total value = 19,992,375,000
Strike 132 has a total call value of 59,250,000 versus a total put value of 18,834,375,000 Combined total value = 18,893,625,000
Strike 132.5 has a total call value of 61,875,000 versus a total put value of 18,282,375,000 Combined total value = 18,344,250,000
Strike 133 has a total call value of 64,500,000 versus a total put value of 17,730,375,000 Combined total value = 17,794,875,000
Strike 134 has a total call value of 69,750,000 versus a total put value of 16,626,375,000 Combined total value = 16,696,125,000
Strike 135 has a total call value of 75,000,000 versus a total put value of 15,533,625,000 Combined total value = 15,608,625,000
Strike 136 has a total call value of 98,250,000 versus a total put value of 14,662,125,000 Combined total value = 14,760,375,000
Strike 137 has a total call value of 121,500,000 versus a total put value of 13,790,625,000 Combined total value = 13,912,125,000
Strike 137.5 has a total call value of 133,125,000 versus a total put value of 13,354,875,000 Combined total value = 13,488,000,000
Strike 138 has a total call value of 160,125,000 versus a total put value of 12,934,500,000 Combined total value = 13,094,625,000
Strike 139 has a total call value of 214,125,000 versus a total put value of 12,093,750,000 Combined total value = 12,307,875,000
Strike 140 has a total call value of 268,125,000 versus a total put value of 11,260,500,000 Combined total value = 11,528,625,000
Strike 141 has a total call value of 370,875,000 versus a total put value of 10,536,000,000 Combined total value = 10,906,875,000
Strike 142 has a total call value of 473,625,000 versus a total put value of 9,811,500,000 Combined total value = 10,285,125,000
Strike 142.5 has a total call value of 525,000,000 versus a total put value of 9,452,625,000 Combined total value = 9,977,625,000
Strike 143 has a total call value of 595,875,000 versus a total put value of 9,107,250,000 Combined total value = 9,703,125,000
Strike 144 has a total call value of 737,625,000 versus a total put value of 8,416,500,000 Combined total value = 9,154,125,000
Strike 145 has a total call value of 903,375,000 versus a total put value of 7,749,000,000 Combined total value = 8,652,375,000
Strike 146 has a total call value of 1,122,375,000 versus a total put value of 7,179,750,000 Combined total value = 8,302,125,000
Strike 147 has a total call value of 1,341,375,000 versus a total put value of 6,615,000,000 Combined total value = 7,956,375,000
Strike 147.5 has a total call value of 1,450,875,000 versus a total put value of 6,332,625,000 Combined total value = 7,783,500,000
Strike 148 has a total call value of 1,589,625,000 versus a total put value of 6,067,875,000 Combined total value = 7,657,500,000
Strike 149 has a total call value of 1,867,125,000 versus a total put value of 5,538,375,000 Combined total value = 7,405,500,000
Strike 150 has a total call value of 2,144,625,000 versus a total put value of 5,013,375,000 Combined total value = 7,158,000,000
Strike 151 has a total call value of 2,467,125,000 versus a total put value of 4,545,375,000 Combined total value = 7,012,500,000
Strike 152 has a total call value of 2,789,625,000 versus a total put value of 4,087,125,000 Combined total value = 6,876,750,000
Strike 152.5 has a total call value of 2,959,125,000 versus a total put value of 3,863,625,000 Combined total value = 6,822,750,000
Strike 153 has a total call value of 3,135,750,000 versus a total put value of 3,646,125,000 Combined total value = 6,781,875,000
Strike 154 has a total call value of 3,510,750,000 versus a total put value of 3,226,875,000 Combined total value = 6,737,625,000
Strike 155 has a total call value of 3,902,250,000 versus a total put value of 2,834,625,000 Combined total value = 6,736,875,000
Strike 156 has a total call value of 4,342,500,000 versus a total put value of 2,484,375,000 Combined total value = 6,826,875,000
Strike 157 has a total call value of 4,814,250,000 versus a total put value of 2,164,125,000 Combined total value = 6,978,375,000
Strike 157.5 has a total call value of 5,067,375,000 versus a total put value of 2,010,375,000 Combined total value = 7,077,750,000
Strike 158 has a total call value of 5,326,875,000 versus a total put value of 1,862,250,000 Combined total value = 7,189,125,000
Strike 159 has a total call value of 5,866,125,000 versus a total put value of 1,577,250,000 Combined total value = 7,443,375,000
Strike 160 has a total call value of 6,418,875,000 versus a total put value of 1,308,000,000 Combined total value = 7,726,875,000
Strike 161 has a total call value of 7,156,125,000 versus a total put value of 1,144,500,000 Combined total value = 8,300,625,000
Strike 162 has a total call value of 7,921,875,000 versus a total put value of 981,000,000 Combined total value = 8,902,875,000
Strike 162.5 has a total call value of 8,313,375,000 versus a total put value of 903,750,000 Combined total value = 9,217,125,000
Strike 163 has a total call value of 8,723,250,000 versus a total put value of 841,125,000 Combined total value = 9,564,375,000
Strike 164 has a total call value of 9,543,000,000 versus a total put value of 715,875,000 Combined total value = 10,258,875,000
Strike 165 has a total call value of 10,362,750,000 versus a total put value of 590,625,000 Combined total value = 10,953,375,000
Strike 166 has a total call value of 11,356,500,000 versus a total put value of 505,875,000 Combined total value = 11,862,375,000
Strike 167 has a total call value of 12,350,250,000 versus a total put value of 421,125,000 Combined total value = 12,771,375,000
Strike 167.5 has a total call value of 12,847,125,000 versus a total put value of 378,750,000 Combined total value = 13,225,875,000
Strike 168 has a total call value of 13,380,000,000 versus a total put value of 345,750,000 Combined total value = 13,725,750,000
Strike 169 has a total call value of 14,445,750,000 versus a total put value of 279,750,000 Combined total value = 14,725,500,000
Strike 170 has a total call value of 15,511,500,000 versus a total put value of 213,750,000 Combined total value = 15,725,250,000
Strike 171 has a total call value of 17,051,250,000 versus a total put value of 189,000,000 Combined total value = 17,240,250,000
Strike 172 has a total call value of 18,591,000,000 versus a total put value of 164,250,000 Combined total value = 18,755,250,000
Strike 172.5 has a total call value of 19,360,875,000 versus a total put value of 151,875,000 Combined total value = 19,512,750,000
Strike 173 has a total call value of 20,153,250,000 versus a total put value of 139,500,000 Combined total value = 20,292,750,000
Strike 174 has a total call value of 21,738,000,000 versus a total put value of 114,750,000 Combined total value = 21,852,750,000
Strike 175 has a total call value of 23,322,750,000 versus a total put value of 90,000,000 Combined total value = 23,412,750,000
Strike 177.5 has a total call value of 27,766,500,000 versus a total put value of 58,125,000 Combined total value = 27,824,625,000
Strike 180 has a total call value of 32,210,250,000 versus a total put value of 26,250,000 Combined total value = 32,236,500,000
Strike 182.5 has a total call value of 37,310,250,000 versus a total put value of 13,125,000 Combined total value = 37,323,375,000
Strike 185 has a total call value of 42,410,250,000 versus a total put value of 0 Combined total value = 42,410,250,000
Strike 187.5 has a total call value of 47,862,750,000 versus a total put value of 0 Combined total value = 47,862,750,000
Max Pain - Choose a symbol
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E
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O
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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.