NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
18 Oct 2024 10:51 AM IST
Max Pain for NATIONALUM is 212.5
Strike 155 has a total call value of 0 versus a total put value of 103,027,500,000 Combined total value = 103,027,500,000
Strike 157.5 has a total call value of 1,875,000 versus a total put value of 97,851,562,500 Combined total value = 97,853,437,500
Strike 160 has a total call value of 3,750,000 versus a total put value of 92,675,625,000 Combined total value = 92,679,375,000
Strike 162.5 has a total call value of 211,875,000 versus a total put value of 87,647,812,500 Combined total value = 87,859,687,500
Strike 165 has a total call value of 420,000,000 versus a total put value of 82,620,000,000 Combined total value = 83,040,000,000
Strike 167.5 has a total call value of 634,687,500 versus a total put value of 77,592,187,500 Combined total value = 78,226,875,000
Strike 170 has a total call value of 849,375,000 versus a total put value of 72,564,375,000 Combined total value = 73,413,750,000
Strike 172.5 has a total call value of 1,085,625,000 versus a total put value of 67,781,250,000 Combined total value = 68,866,875,000
Strike 175 has a total call value of 1,321,875,000 versus a total put value of 62,998,125,000 Combined total value = 64,320,000,000
Strike 177.5 has a total call value of 1,577,812,500 versus a total put value of 58,215,000,000 Combined total value = 59,792,812,500
Strike 180 has a total call value of 1,833,750,000 versus a total put value of 53,431,875,000 Combined total value = 55,265,625,000
Strike 182.5 has a total call value of 2,170,312,500 versus a total put value of 48,648,750,000 Combined total value = 50,819,062,500
Strike 185 has a total call value of 2,506,875,000 versus a total put value of 43,866,562,500 Combined total value = 46,373,437,500
Strike 187.5 has a total call value of 2,843,437,500 versus a total put value of 39,646,875,000 Combined total value = 42,490,312,500
Strike 190 has a total call value of 3,185,625,000 versus a total put value of 35,452,500,000 Combined total value = 38,638,125,000
Strike 192.5 has a total call value of 3,527,812,500 versus a total put value of 31,258,125,000 Combined total value = 34,785,937,500
Strike 195 has a total call value of 3,879,375,000 versus a total put value of 27,063,750,000 Combined total value = 30,943,125,000
Strike 197.5 has a total call value of 4,230,937,500 versus a total put value of 22,869,375,000 Combined total value = 27,100,312,500
Strike 200 has a total call value of 4,607,812,500 versus a total put value of 18,747,187,500 Combined total value = 23,355,000,000
Strike 202.5 has a total call value of 5,699,062,500 versus a total put value of 15,735,000,000 Combined total value = 21,434,062,500
Strike 205 has a total call value of 6,813,750,000 versus a total put value of 12,722,812,500 Combined total value = 19,536,562,500
Strike 207.5 has a total call value of 8,502,187,500 versus a total put value of 10,241,250,000 Combined total value = 18,743,437,500
Strike 210 has a total call value of 10,271,250,000 versus a total put value of 7,759,687,500 Combined total value = 18,030,937,500
Strike 212.5 has a total call value of 12,040,312,500 versus a total put value of 5,864,062,500 Combined total value = 17,904,375,000
Strike 215 has a total call value of 13,809,375,000 versus a total put value of 4,095,937,500 Combined total value = 17,905,312,500
Strike 217.5 has a total call value of 16,345,312,500 versus a total put value of 2,712,187,500 Combined total value = 19,057,500,000
Strike 220 has a total call value of 19,044,375,000 versus a total put value of 1,480,312,500 Combined total value = 20,524,687,500
Strike 222.5 has a total call value of 23,012,812,500 versus a total put value of 986,250,000 Combined total value = 23,999,062,500
Strike 225 has a total call value of 27,101,250,000 versus a total put value of 579,375,000 Combined total value = 27,680,625,000
Strike 227.5 has a total call value of 32,143,125,000 versus a total put value of 462,187,500 Combined total value = 32,605,312,500
Strike 230 has a total call value of 37,322,812,500 versus a total put value of 345,000,000 Combined total value = 37,667,812,500
Strike 232.5 has a total call value of 43,934,062,500 versus a total put value of 227,812,500 Combined total value = 44,161,875,000
Strike 235 has a total call value of 50,643,750,000 versus a total put value of 161,250,000 Combined total value = 50,805,000,000
Strike 237.5 has a total call value of 57,841,875,000 versus a total put value of 94,687,500 Combined total value = 57,936,562,500
Strike 240 has a total call value of 65,078,437,500 versus a total put value of 36,562,500 Combined total value = 65,115,000,000
Strike 242.5 has a total call value of 73,124,062,500 versus a total put value of 17,812,500 Combined total value = 73,141,875,000
Strike 245 has a total call value of 81,255,000,000 versus a total put value of 9,375,000 Combined total value = 81,264,375,000
Strike 247.5 has a total call value of 89,595,937,500 versus a total put value of 4,687,500 Combined total value = 89,600,625,000
Strike 250 has a total call value of 97,936,875,000 versus a total put value of 0 Combined total value = 97,936,875,000
Strike 252.5 has a total call value of 106,910,625,000 versus a total put value of 0 Combined total value = 106,910,625,000
Strike 255 has a total call value of 115,884,375,000 versus a total put value of 0 Combined total value = 115,884,375,000
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.
