NATIONALUM
National Aluminium Co Ltd
Max pain for NATIONALUM
18 Oct 2024 02:01 PM IST
Max Pain for NATIONALUM is 210
Strike 155 has a total call value of 0 versus a total put value of 127,177,500,000 Combined total value = 127,177,500,000
Strike 157.5 has a total call value of 1,875,000 versus a total put value of 120,557,812,500 Combined total value = 120,559,687,500
Strike 160 has a total call value of 3,750,000 versus a total put value of 113,938,125,000 Combined total value = 113,941,875,000
Strike 162.5 has a total call value of 196,875,000 versus a total put value of 107,466,562,500 Combined total value = 107,663,437,500
Strike 165 has a total call value of 390,000,000 versus a total put value of 100,995,000,000 Combined total value = 101,385,000,000
Strike 167.5 has a total call value of 589,687,500 versus a total put value of 94,557,187,500 Combined total value = 95,146,875,000
Strike 170 has a total call value of 789,375,000 versus a total put value of 88,119,375,000 Combined total value = 88,908,750,000
Strike 172.5 has a total call value of 1,010,625,000 versus a total put value of 81,924,375,000 Combined total value = 82,935,000,000
Strike 175 has a total call value of 1,231,875,000 versus a total put value of 75,729,375,000 Combined total value = 76,961,250,000
Strike 177.5 has a total call value of 1,472,812,500 versus a total put value of 69,534,375,000 Combined total value = 71,007,187,500
Strike 180 has a total call value of 1,713,750,000 versus a total put value of 63,339,375,000 Combined total value = 65,053,125,000
Strike 182.5 has a total call value of 2,035,312,500 versus a total put value of 57,459,375,000 Combined total value = 59,494,687,500
Strike 185 has a total call value of 2,356,875,000 versus a total put value of 51,580,312,500 Combined total value = 53,937,187,500
Strike 187.5 has a total call value of 2,678,437,500 versus a total put value of 46,262,812,500 Combined total value = 48,941,250,000
Strike 190 has a total call value of 3,005,625,000 versus a total put value of 40,970,625,000 Combined total value = 43,976,250,000
Strike 192.5 has a total call value of 3,332,812,500 versus a total put value of 36,120,000,000 Combined total value = 39,452,812,500
Strike 195 has a total call value of 3,669,375,000 versus a total put value of 31,269,375,000 Combined total value = 34,938,750,000
Strike 197.5 has a total call value of 4,005,937,500 versus a total put value of 26,700,937,500 Combined total value = 30,706,875,000
Strike 200 has a total call value of 4,367,812,500 versus a total put value of 22,204,687,500 Combined total value = 26,572,500,000
Strike 202.5 has a total call value of 5,441,250,000 versus a total put value of 18,804,375,000 Combined total value = 24,245,625,000
Strike 205 has a total call value of 6,538,125,000 versus a total put value of 15,477,187,500 Combined total value = 22,015,312,500
Strike 207.5 has a total call value of 8,207,812,500 versus a total put value of 12,679,687,500 Combined total value = 20,887,500,000
Strike 210 has a total call value of 9,958,125,000 versus a total put value of 9,978,750,000 Combined total value = 19,936,875,000
Strike 212.5 has a total call value of 12,277,500,000 versus a total put value of 7,839,375,000 Combined total value = 20,116,875,000
Strike 215 has a total call value of 14,759,062,500 versus a total put value of 5,826,562,500 Combined total value = 20,585,625,000
Strike 217.5 has a total call value of 17,957,812,500 versus a total put value of 4,196,250,000 Combined total value = 22,154,062,500
Strike 220 has a total call value of 21,318,750,000 versus a total put value of 2,717,812,500 Combined total value = 24,036,562,500
Strike 222.5 has a total call value of 25,932,187,500 versus a total put value of 1,940,625,000 Combined total value = 27,872,812,500
Strike 225 has a total call value of 30,651,562,500 versus a total put value of 1,248,750,000 Combined total value = 31,900,312,500
Strike 227.5 has a total call value of 36,275,625,000 versus a total put value of 842,812,500 Combined total value = 37,118,437,500
Strike 230 has a total call value of 42,006,562,500 versus a total put value of 436,875,000 Combined total value = 42,443,437,500
Strike 232.5 has a total call value of 49,125,000,000 versus a total put value of 273,750,000 Combined total value = 49,398,750,000
Strike 235 has a total call value of 56,341,875,000 versus a total put value of 161,250,000 Combined total value = 56,503,125,000
Strike 237.5 has a total call value of 64,028,437,500 versus a total put value of 94,687,500 Combined total value = 64,123,125,000
Strike 240 has a total call value of 71,752,500,000 versus a total put value of 36,562,500 Combined total value = 71,789,062,500
Strike 242.5 has a total call value of 80,284,687,500 versus a total put value of 17,812,500 Combined total value = 80,302,500,000
Strike 245 has a total call value of 88,901,250,000 versus a total put value of 9,375,000 Combined total value = 88,910,625,000
Strike 247.5 has a total call value of 97,718,437,500 versus a total put value of 4,687,500 Combined total value = 97,723,125,000
Strike 250 has a total call value of 106,535,625,000 versus a total put value of 0 Combined total value = 106,535,625,000
Strike 252.5 has a total call value of 115,963,125,000 versus a total put value of 0 Combined total value = 115,963,125,000
Strike 255 has a total call value of 125,390,625,000 versus a total put value of 0 Combined total value = 125,390,625,000
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.
