NTPC
Ntpc Ltd
Max pain for NTPC
16 Sep 2024 04:10 PM IST
Max Pain for NTPC is 400
Strike 330 has a total call value of 0 versus a total put value of 131,343,000,000 Combined total value = 131,343,000,000
Strike 335 has a total call value of 0 versus a total put value of 120,642,750,000 Combined total value = 120,642,750,000
Strike 340 has a total call value of 0 versus a total put value of 109,942,500,000 Combined total value = 109,942,500,000
Strike 345 has a total call value of 0 versus a total put value of 99,456,750,000 Combined total value = 99,456,750,000
Strike 350 has a total call value of 0 versus a total put value of 88,971,000,000 Combined total value = 88,971,000,000
Strike 355 has a total call value of 0 versus a total put value of 78,974,250,000 Combined total value = 78,974,250,000
Strike 360 has a total call value of 0 versus a total put value of 68,993,250,000 Combined total value = 68,993,250,000
Strike 365 has a total call value of 0 versus a total put value of 59,229,000,000 Combined total value = 59,229,000,000
Strike 370 has a total call value of 0 versus a total put value of 49,628,250,000 Combined total value = 49,628,250,000
Strike 375 has a total call value of 98,250,000 versus a total put value of 40,578,750,000 Combined total value = 40,677,000,000
Strike 380 has a total call value of 236,250,000 versus a total put value of 31,811,250,000 Combined total value = 32,047,500,000
Strike 385 has a total call value of 563,250,000 versus a total put value of 24,680,250,000 Combined total value = 25,243,500,000
Strike 390 has a total call value of 988,500,000 versus a total put value of 17,890,500,000 Combined total value = 18,879,000,000
Strike 395 has a total call value of 1,923,750,000 versus a total put value of 12,177,000,000 Combined total value = 14,100,750,000
Strike 400 has a total call value of 3,300,750,000 versus a total put value of 7,263,000,000 Combined total value = 10,563,750,000
Strike 405 has a total call value of 7,071,750,000 versus a total put value of 3,945,750,000 Combined total value = 11,017,500,000
Strike 410 has a total call value of 11,989,500,000 versus a total put value of 1,842,750,000 Combined total value = 13,832,250,000
Strike 415 has a total call value of 22,035,000,000 versus a total put value of 1,074,750,000 Combined total value = 23,109,750,000
Strike 420 has a total call value of 34,819,500,000 versus a total put value of 605,250,000 Combined total value = 35,424,750,000
Strike 425 has a total call value of 53,334,750,000 versus a total put value of 386,250,000 Combined total value = 53,721,000,000
Strike 430 has a total call value of 75,870,000,000 versus a total put value of 273,750,000 Combined total value = 76,143,750,000
Strike 435 has a total call value of 100,098,750,000 versus a total put value of 161,250,000 Combined total value = 100,260,000,000
Strike 440 has a total call value of 124,734,000,000 versus a total put value of 67,500,000 Combined total value = 124,801,500,000
Strike 445 has a total call value of 150,372,750,000 versus a total put value of 33,750,000 Combined total value = 150,406,500,000
Strike 450 has a total call value of 176,186,250,000 versus a total put value of 0 Combined total value = 176,186,250,000
Strike 455 has a total call value of 203,299,500,000 versus a total put value of 0 Combined total value = 203,299,500,000
Strike 460 has a total call value of 230,487,750,000 versus a total put value of 0 Combined total value = 230,487,750,000
Strike 465 has a total call value of 258,027,750,000 versus a total put value of 0 Combined total value = 258,027,750,000
Strike 470 has a total call value of 285,567,750,000 versus a total put value of 0 Combined total value = 285,567,750,000
Strike 475 has a total call value of 313,268,250,000 versus a total put value of 0 Combined total value = 313,268,250,000
Strike 480 has a total call value of 340,968,750,000 versus a total put value of 0 Combined total value = 340,968,750,000
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.