NTPC
NTPC LTD
Max pain for NTPC
25 Apr 2024 09:05 AM IST
Max Pain for NTPC is 350
Strike 300 has a total call value of 0 versus a total put value of 34,568,250,000 Combined total value = 34,568,250,000
Strike 302.5 has a total call value of 20,250,000 versus a total put value of 32,544,750,000 Combined total value = 32,565,000,000
Strike 305 has a total call value of 40,500,000 versus a total put value of 30,521,250,000 Combined total value = 30,561,750,000
Strike 307.5 has a total call value of 60,750,000 versus a total put value of 28,515,750,000 Combined total value = 28,576,500,000
Strike 310 has a total call value of 81,000,000 versus a total put value of 26,510,250,000 Combined total value = 26,591,250,000
Strike 312.5 has a total call value of 116,250,000 versus a total put value of 24,781,500,000 Combined total value = 24,897,750,000
Strike 315 has a total call value of 151,500,000 versus a total put value of 23,052,750,000 Combined total value = 23,204,250,000
Strike 317.5 has a total call value of 186,750,000 versus a total put value of 21,324,000,000 Combined total value = 21,510,750,000
Strike 320 has a total call value of 222,000,000 versus a total put value of 19,595,250,000 Combined total value = 19,817,250,000
Strike 322.5 has a total call value of 257,250,000 versus a total put value of 17,866,500,000 Combined total value = 18,123,750,000
Strike 325 has a total call value of 292,500,000 versus a total put value of 16,154,250,000 Combined total value = 16,446,750,000
Strike 327.5 has a total call value of 327,750,000 versus a total put value of 14,442,000,000 Combined total value = 14,769,750,000
Strike 330 has a total call value of 363,000,000 versus a total put value of 12,752,250,000 Combined total value = 13,115,250,000
Strike 332.5 has a total call value of 450,750,000 versus a total put value of 11,384,250,000 Combined total value = 11,835,000,000
Strike 335 has a total call value of 552,750,000 versus a total put value of 10,063,500,000 Combined total value = 10,616,250,000
Strike 337.5 has a total call value of 680,250,000 versus a total put value of 8,872,500,000 Combined total value = 9,552,750,000
Strike 340 has a total call value of 807,750,000 versus a total put value of 7,681,500,000 Combined total value = 8,489,250,000
Strike 342.5 has a total call value of 935,250,000 versus a total put value of 6,490,500,000 Combined total value = 7,425,750,000
Strike 345 has a total call value of 1,099,500,000 versus a total put value of 5,347,500,000 Combined total value = 6,447,000,000
Strike 347.5 has a total call value of 1,263,750,000 versus a total put value of 4,204,500,000 Combined total value = 5,468,250,000
Strike 350 has a total call value of 1,428,000,000 versus a total put value of 3,061,500,000 Combined total value = 4,489,500,000
Strike 352.5 has a total call value of 3,852,000,000 versus a total put value of 2,499,750,000 Combined total value = 6,351,750,000
Strike 355 has a total call value of 6,562,500,000 versus a total put value of 2,001,000,000 Combined total value = 8,563,500,000
Strike 357.5 has a total call value of 9,674,250,000 versus a total put value of 1,647,000,000 Combined total value = 11,321,250,000
Strike 360 has a total call value of 12,852,000,000 versus a total put value of 1,293,000,000 Combined total value = 14,145,000,000
Strike 362.5 has a total call value of 16,029,750,000 versus a total put value of 939,000,000 Combined total value = 16,968,750,000
Strike 365 has a total call value of 19,313,250,000 versus a total put value of 585,000,000 Combined total value = 19,898,250,000
Strike 367.5 has a total call value of 23,730,000,000 versus a total put value of 359,250,000 Combined total value = 24,089,250,000
Strike 370 has a total call value of 28,146,750,000 versus a total put value of 133,500,000 Combined total value = 28,280,250,000
Strike 372.5 has a total call value of 34,081,500,000 versus a total put value of 96,750,000 Combined total value = 34,178,250,000
Strike 375 has a total call value of 40,016,250,000 versus a total put value of 60,000,000 Combined total value = 40,076,250,000
Strike 377.5 has a total call value of 46,848,000,000 versus a total put value of 54,000,000 Combined total value = 46,902,000,000
Strike 380 has a total call value of 53,719,500,000 versus a total put value of 48,000,000 Combined total value = 53,767,500,000
Strike 382.5 has a total call value of 60,591,000,000 versus a total put value of 42,000,000 Combined total value = 60,633,000,000
Strike 385 has a total call value of 67,507,500,000 versus a total put value of 36,000,000 Combined total value = 67,543,500,000
Strike 387.5 has a total call value of 74,649,000,000 versus a total put value of 30,000,000 Combined total value = 74,679,000,000
Strike 390 has a total call value of 81,790,500,000 versus a total put value of 24,000,000 Combined total value = 81,814,500,000
Strike 392.5 has a total call value of 89,268,000,000 versus a total put value of 18,000,000 Combined total value = 89,286,000,000
Strike 395 has a total call value of 96,745,500,000 versus a total put value of 12,000,000 Combined total value = 96,757,500,000
Strike 397.5 has a total call value of 104,411,250,000 versus a total put value of 6,000,000 Combined total value = 104,417,250,000
Strike 400 has a total call value of 112,077,000,000 versus a total put value of 0 Combined total value = 112,077,000,000
Strike 402.5 has a total call value of 120,894,000,000 versus a total put value of 0 Combined total value = 120,894,000,000
Strike 405 has a total call value of 129,711,000,000 versus a total put value of 0 Combined total value = 129,711,000,000
Strike 407.5 has a total call value of 138,528,000,000 versus a total put value of 0 Combined total value = 138,528,000,000
Strike 410 has a total call value of 147,345,000,000 versus a total put value of 0 Combined total value = 147,345,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.