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NATIONALUM
National Aluminium Co Ltd

222.92 10.20 (4.80%)

Max pain for NATIONALUM

11 Oct 2024 04:10 PM IST

Max Pain for NATIONALUM is 210  



Strike  150  has a total call value of 0  versus a total put value of  172,274,062,500 Combined total value = 172,274,062,500

Strike  152.5  has a total call value of 0  versus a total put value of  164,060,625,000 Combined total value = 164,060,625,000

Strike  155  has a total call value of 0  versus a total put value of  155,847,187,500 Combined total value = 155,847,187,500

Strike  157.5  has a total call value of 0  versus a total put value of  147,633,750,000 Combined total value = 147,633,750,000

Strike  160  has a total call value of 0  versus a total put value of  139,420,312,500 Combined total value = 139,420,312,500

Strike  162.5  has a total call value of 0  versus a total put value of  131,359,687,500 Combined total value = 131,359,687,500

Strike  165  has a total call value of 0  versus a total put value of  123,299,062,500 Combined total value = 123,299,062,500

Strike  167.5  has a total call value of 0  versus a total put value of  115,282,500,000 Combined total value = 115,282,500,000

Strike  170  has a total call value of 0  versus a total put value of  107,265,937,500 Combined total value = 107,265,937,500

Strike  172.5  has a total call value of 0  versus a total put value of  99,510,937,500 Combined total value = 99,510,937,500

Strike  175  has a total call value of 0  versus a total put value of  91,755,937,500 Combined total value = 91,755,937,500

Strike  177.5  has a total call value of 19,687,500  versus a total put value of  84,182,812,500 Combined total value = 84,202,500,000

Strike  180  has a total call value of 39,375,000  versus a total put value of  76,609,687,500 Combined total value = 76,649,062,500

Strike  182.5  has a total call value of 145,312,500  versus a total put value of  69,425,625,000 Combined total value = 69,570,937,500

Strike  185  has a total call value of 251,250,000  versus a total put value of  62,241,562,500 Combined total value = 62,492,812,500

Strike  187.5  has a total call value of 820,312,500  versus a total put value of  55,655,625,000 Combined total value = 56,475,937,500

Strike  190  has a total call value of 1,389,375,000  versus a total put value of  49,100,625,000 Combined total value = 50,490,000,000

Strike  192.5  has a total call value of 2,120,625,000  versus a total put value of  43,187,812,500 Combined total value = 45,308,437,500

Strike  195  has a total call value of 2,851,875,000  versus a total put value of  37,293,750,000 Combined total value = 40,145,625,000

Strike  197.5  has a total call value of 3,834,375,000  versus a total put value of  31,695,937,500 Combined total value = 35,530,312,500

Strike  200  has a total call value of 4,816,875,000  versus a total put value of  26,211,562,500 Combined total value = 31,028,437,500

Strike  202.5  has a total call value of 6,548,437,500  versus a total put value of  21,916,875,000 Combined total value = 28,465,312,500

Strike  205  has a total call value of 8,304,375,000  versus a total put value of  17,698,125,000 Combined total value = 26,002,500,000

Strike  207.5  has a total call value of 10,634,062,500  versus a total put value of  14,121,562,500 Combined total value = 24,755,625,000

Strike  210  has a total call value of 13,038,750,000  versus a total put value of  10,671,562,500 Combined total value = 23,710,312,500

Strike  212.5  has a total call value of 16,097,812,500  versus a total put value of  8,105,625,000 Combined total value = 24,203,437,500

Strike  215  has a total call value of 19,344,375,000  versus a total put value of  5,682,187,500 Combined total value = 25,026,562,500

Strike  217.5  has a total call value of 23,538,750,000  versus a total put value of  3,903,750,000 Combined total value = 27,442,500,000

Strike  220  has a total call value of 27,909,375,000  versus a total put value of  2,232,187,500 Combined total value = 30,141,562,500

Strike  222.5  has a total call value of 34,378,125,000  versus a total put value of  1,512,187,500 Combined total value = 35,890,312,500

Strike  225  has a total call value of 41,112,187,500  versus a total put value of  914,062,500 Combined total value = 42,026,250,000

Strike  227.5  has a total call value of 48,948,750,000  versus a total put value of  596,250,000 Combined total value = 49,545,000,000

Strike  230  has a total call value of 56,994,375,000  versus a total put value of  341,250,000 Combined total value = 57,335,625,000

Strike  232.5  has a total call value of 66,681,562,500  versus a total put value of  239,062,500 Combined total value = 66,920,625,000

Strike  235  has a total call value of 76,408,125,000  versus a total put value of  155,625,000 Combined total value = 76,563,750,000

Strike  237.5  has a total call value of 86,707,500,000  versus a total put value of  90,937,500 Combined total value = 86,798,437,500

Strike  240  has a total call value of 97,063,125,000  versus a total put value of  30,937,500 Combined total value = 97,094,062,500

Strike  242.5  has a total call value of 107,965,312,500  versus a total put value of  9,375,000 Combined total value = 107,974,687,500

Strike  245  has a total call value of 118,909,687,500  versus a total put value of  1,875,000 Combined total value = 118,911,562,500

Strike  247.5  has a total call value of 129,995,625,000  versus a total put value of  937,500 Combined total value = 129,996,562,500

Strike  250  has a total call value of 141,118,125,000  versus a total put value of  0 Combined total value = 141,118,125,000

All Max-Pain Table


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.