NMDC
NMDC LTD.
Max pain for NMDC
04 Jul 2024 12:21 PM IST
Max Pain for NMDC is 250
Strike 200 has a total call value of 0 versus a total put value of 116,311,500,000 Combined total value = 116,311,500,000
Strike 202.5 has a total call value of 0 versus a total put value of 109,561,500,000 Combined total value = 109,561,500,000
Strike 205 has a total call value of 0 versus a total put value of 102,811,500,000 Combined total value = 102,811,500,000
Strike 207.5 has a total call value of 0 versus a total put value of 96,061,500,000 Combined total value = 96,061,500,000
Strike 210 has a total call value of 0 versus a total put value of 89,311,500,000 Combined total value = 89,311,500,000
Strike 212.5 has a total call value of 0 versus a total put value of 82,824,750,000 Combined total value = 82,824,750,000
Strike 215 has a total call value of 0 versus a total put value of 76,338,000,000 Combined total value = 76,338,000,000
Strike 217.5 has a total call value of 0 versus a total put value of 69,923,250,000 Combined total value = 69,923,250,000
Strike 220 has a total call value of 0 versus a total put value of 63,508,500,000 Combined total value = 63,508,500,000
Strike 222.5 has a total call value of 0 versus a total put value of 57,699,000,000 Combined total value = 57,699,000,000
Strike 225 has a total call value of 0 versus a total put value of 51,897,375,000 Combined total value = 51,897,375,000
Strike 227.5 has a total call value of 0 versus a total put value of 46,509,750,000 Combined total value = 46,509,750,000
Strike 230 has a total call value of 0 versus a total put value of 41,145,750,000 Combined total value = 41,145,750,000
Strike 232.5 has a total call value of 87,750,000 versus a total put value of 36,554,625,000 Combined total value = 36,642,375,000
Strike 235 has a total call value of 175,500,000 versus a total put value of 31,997,250,000 Combined total value = 32,172,750,000
Strike 237.5 has a total call value of 275,625,000 versus a total put value of 27,653,625,000 Combined total value = 27,929,250,000
Strike 240 has a total call value of 375,750,000 versus a total put value of 23,350,500,000 Combined total value = 23,726,250,000
Strike 242.5 has a total call value of 607,500,000 versus a total put value of 19,981,125,000 Combined total value = 20,588,625,000
Strike 245 has a total call value of 839,250,000 versus a total put value of 16,650,000,000 Combined total value = 17,489,250,000
Strike 247.5 has a total call value of 1,269,000,000 versus a total put value of 13,610,250,000 Combined total value = 14,879,250,000
Strike 250 has a total call value of 1,751,625,000 versus a total put value of 10,638,000,000 Combined total value = 12,389,625,000
Strike 252.5 has a total call value of 4,254,750,000 versus a total put value of 8,682,750,000 Combined total value = 12,937,500,000
Strike 255 has a total call value of 6,999,750,000 versus a total put value of 6,825,375,000 Combined total value = 13,825,125,000
Strike 257.5 has a total call value of 10,522,125,000 versus a total put value of 5,190,750,000 Combined total value = 15,712,875,000
Strike 260 has a total call value of 14,180,625,000 versus a total put value of 3,556,125,000 Combined total value = 17,736,750,000
Strike 262.5 has a total call value of 19,343,250,000 versus a total put value of 2,943,000,000 Combined total value = 22,286,250,000
Strike 265 has a total call value of 24,588,000,000 versus a total put value of 2,336,625,000 Combined total value = 26,924,625,000
Strike 267.5 has a total call value of 30,348,000,000 versus a total put value of 1,812,375,000 Combined total value = 32,160,375,000
Strike 270 has a total call value of 36,172,125,000 versus a total put value of 1,293,750,000 Combined total value = 37,465,875,000
Strike 272.5 has a total call value of 43,491,375,000 versus a total put value of 1,011,375,000 Combined total value = 44,502,750,000
Strike 275 has a total call value of 50,862,375,000 versus a total put value of 735,750,000 Combined total value = 51,598,125,000
Strike 277.5 has a total call value of 58,735,125,000 versus a total put value of 534,375,000 Combined total value = 59,269,500,000
Strike 280 has a total call value of 66,669,750,000 versus a total put value of 333,000,000 Combined total value = 67,002,750,000
Strike 282.5 has a total call value of 76,008,375,000 versus a total put value of 291,375,000 Combined total value = 76,299,750,000
Strike 285 has a total call value of 85,389,750,000 versus a total put value of 249,750,000 Combined total value = 85,639,500,000
Strike 287.5 has a total call value of 95,082,750,000 versus a total put value of 208,125,000 Combined total value = 95,290,875,000
Strike 290 has a total call value of 104,853,375,000 versus a total put value of 166,500,000 Combined total value = 105,019,875,000
Strike 292.5 has a total call value of 115,128,000,000 versus a total put value of 124,875,000 Combined total value = 115,252,875,000
Strike 295 has a total call value of 125,406,000,000 versus a total put value of 83,250,000 Combined total value = 125,489,250,000
Strike 297.5 has a total call value of 135,731,250,000 versus a total put value of 41,625,000 Combined total value = 135,772,875,000
Strike 300 has a total call value of 146,062,125,000 versus a total put value of 0 Combined total value = 146,062,125,000
Strike 302.5 has a total call value of 157,699,125,000 versus a total put value of 0 Combined total value = 157,699,125,000
Strike 305 has a total call value of 169,336,125,000 versus a total put value of 0 Combined total value = 169,336,125,000
Strike 307.5 has a total call value of 181,118,250,000 versus a total put value of 0 Combined total value = 181,118,250,000
Strike 310 has a total call value of 192,900,375,000 versus a total put value of 0 Combined total value = 192,900,375,000
Strike 312.5 has a total call value of 204,931,125,000 versus a total put value of 0 Combined total value = 204,931,125,000
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.