NTPC
NTPC LTD
Max pain for NTPC
28 Mar 2024 03:51 PM IST
Max Pain for NTPC is 327.5
Strike 257.5 has a total call value of 0 versus a total put value of 111,039,750,000 Combined total value = 111,039,750,000
Strike 260 has a total call value of 3,750,000 versus a total put value of 106,941,000,000 Combined total value = 106,944,750,000
Strike 262.5 has a total call value of 7,500,000 versus a total put value of 102,842,250,000 Combined total value = 102,849,750,000
Strike 265 has a total call value of 11,250,000 versus a total put value of 98,743,500,000 Combined total value = 98,754,750,000
Strike 267.5 has a total call value of 15,000,000 versus a total put value of 94,644,750,000 Combined total value = 94,659,750,000
Strike 270 has a total call value of 18,750,000 versus a total put value of 90,546,000,000 Combined total value = 90,564,750,000
Strike 272.5 has a total call value of 22,500,000 versus a total put value of 86,447,250,000 Combined total value = 86,469,750,000
Strike 275 has a total call value of 26,250,000 versus a total put value of 82,348,500,000 Combined total value = 82,374,750,000
Strike 277.5 has a total call value of 38,250,000 versus a total put value of 78,249,750,000 Combined total value = 78,288,000,000
Strike 280 has a total call value of 50,250,000 versus a total put value of 74,151,000,000 Combined total value = 74,201,250,000
Strike 282.5 has a total call value of 62,250,000 versus a total put value of 70,134,750,000 Combined total value = 70,197,000,000
Strike 285 has a total call value of 74,250,000 versus a total put value of 66,118,500,000 Combined total value = 66,192,750,000
Strike 287.5 has a total call value of 86,250,000 versus a total put value of 62,102,250,000 Combined total value = 62,188,500,000
Strike 290 has a total call value of 98,250,000 versus a total put value of 58,086,000,000 Combined total value = 58,184,250,000
Strike 292.5 has a total call value of 110,250,000 versus a total put value of 54,204,000,000 Combined total value = 54,314,250,000
Strike 295 has a total call value of 122,250,000 versus a total put value of 50,345,250,000 Combined total value = 50,467,500,000
Strike 297.5 has a total call value of 134,250,000 versus a total put value of 46,537,500,000 Combined total value = 46,671,750,000
Strike 300 has a total call value of 146,250,000 versus a total put value of 42,729,750,000 Combined total value = 42,876,000,000
Strike 302.5 has a total call value of 174,000,000 versus a total put value of 39,205,500,000 Combined total value = 39,379,500,000
Strike 305 has a total call value of 201,750,000 versus a total put value of 35,706,000,000 Combined total value = 35,907,750,000
Strike 307.5 has a total call value of 246,750,000 versus a total put value of 32,298,000,000 Combined total value = 32,544,750,000
Strike 310 has a total call value of 297,750,000 versus a total put value of 28,937,250,000 Combined total value = 29,235,000,000
Strike 312.5 has a total call value of 414,750,000 versus a total put value of 25,981,500,000 Combined total value = 26,396,250,000
Strike 315 has a total call value of 683,250,000 versus a total put value of 23,099,250,000 Combined total value = 23,782,500,000
Strike 317.5 has a total call value of 1,372,500,000 versus a total put value of 20,504,250,000 Combined total value = 21,876,750,000
Strike 320 has a total call value of 2,121,750,000 versus a total put value of 17,982,750,000 Combined total value = 20,104,500,000
Strike 322.5 has a total call value of 3,140,250,000 versus a total put value of 15,842,250,000 Combined total value = 18,982,500,000
Strike 325 has a total call value of 4,223,250,000 versus a total put value of 13,872,000,000 Combined total value = 18,095,250,000
Strike 327.5 has a total call value of 5,775,000,000 versus a total put value of 12,168,750,000 Combined total value = 17,943,750,000
Strike 330 has a total call value of 7,428,750,000 versus a total put value of 10,581,750,000 Combined total value = 18,010,500,000
Strike 332.5 has a total call value of 10,237,500,000 versus a total put value of 9,327,750,000 Combined total value = 19,565,250,000
Strike 335 has a total call value of 13,087,500,000 versus a total put value of 8,139,750,000 Combined total value = 21,227,250,000
Strike 337.5 has a total call value of 15,993,000,000 versus a total put value of 7,017,000,000 Combined total value = 23,010,000,000
Strike 340 has a total call value of 18,933,750,000 versus a total put value of 5,906,250,000 Combined total value = 24,840,000,000
Strike 342.5 has a total call value of 22,694,250,000 versus a total put value of 4,953,750,000 Combined total value = 27,648,000,000
Strike 345 has a total call value of 26,488,500,000 versus a total put value of 4,017,750,000 Combined total value = 30,506,250,000
Strike 347.5 has a total call value of 30,569,250,000 versus a total put value of 3,189,000,000 Combined total value = 33,758,250,000
Strike 350 has a total call value of 34,702,500,000 versus a total put value of 2,390,250,000 Combined total value = 37,092,750,000
Strike 352.5 has a total call value of 40,204,500,000 versus a total put value of 1,815,000,000 Combined total value = 42,019,500,000
Strike 355 has a total call value of 45,706,500,000 versus a total put value of 1,296,750,000 Combined total value = 47,003,250,000
Strike 357.5 has a total call value of 51,634,500,000 versus a total put value of 941,250,000 Combined total value = 52,575,750,000
Strike 360 has a total call value of 57,771,000,000 versus a total put value of 646,500,000 Combined total value = 58,417,500,000
Strike 362.5 has a total call value of 65,704,500,000 versus a total put value of 451,500,000 Combined total value = 66,156,000,000
Strike 365 has a total call value of 73,638,000,000 versus a total put value of 256,500,000 Combined total value = 73,894,500,000
Strike 367.5 has a total call value of 84,402,000,000 versus a total put value of 186,750,000 Combined total value = 84,588,750,000
Strike 370 has a total call value of 95,166,000,000 versus a total put value of 117,000,000 Combined total value = 95,283,000,000
Strike 372.5 has a total call value of 107,274,000,000 versus a total put value of 81,000,000 Combined total value = 107,355,000,000
Strike 375 has a total call value of 119,382,000,000 versus a total put value of 45,000,000 Combined total value = 119,427,000,000
Strike 377.5 has a total call value of 131,670,000,000 versus a total put value of 22,500,000 Combined total value = 131,692,500,000
Strike 380 has a total call value of 143,958,000,000 versus a total put value of 0 Combined total value = 143,958,000,000
Strike 382.5 has a total call value of 156,645,750,000 versus a total put value of 0 Combined total value = 156,645,750,000
Strike 385 has a total call value of 169,333,500,000 versus a total put value of 0 Combined total value = 169,333,500,000
Strike 387.5 has a total call value of 182,165,250,000 versus a total put value of 0 Combined total value = 182,165,250,000
Strike 390 has a total call value of 194,997,000,000 versus a total put value of 0 Combined total value = 194,997,000,000
Strike 392.5 has a total call value of 208,162,500,000 versus a total put value of 0 Combined total value = 208,162,500,000
Strike 395 has a total call value of 221,328,000,000 versus a total put value of 0 Combined total value = 221,328,000,000
Strike 397.5 has a total call value of 234,493,500,000 versus a total put value of 0 Combined total value = 234,493,500,000
Strike 400 has a total call value of 247,659,000,000 versus a total put value of 0 Combined total value = 247,659,000,000
Max Pain - Choose a symbol
Index
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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.