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PAGEIND
Page Industries Ltd

45370.15 1205.10 (2.73%)

Max pain for PAGEIND

11 Oct 2024 04:13 PM IST

Max Pain for PAGEIND is 44000  



Strike  37000  has a total call value of 0  versus a total put value of  21,709,500,000 Combined total value = 21,709,500,000

Strike  37500  has a total call value of 0  versus a total put value of  19,833,000,000 Combined total value = 19,833,000,000

Strike  38000  has a total call value of 0  versus a total put value of  17,956,500,000 Combined total value = 17,956,500,000

Strike  38500  has a total call value of 0  versus a total put value of  16,116,750,000 Combined total value = 16,116,750,000

Strike  39000  has a total call value of 0  versus a total put value of  14,277,000,000 Combined total value = 14,277,000,000

Strike  39500  has a total call value of 0  versus a total put value of  12,437,250,000 Combined total value = 12,437,250,000

Strike  40000  has a total call value of 0  versus a total put value of  10,597,500,000 Combined total value = 10,597,500,000

Strike  40500  has a total call value of 4,500,000  versus a total put value of  8,975,250,000 Combined total value = 8,979,750,000

Strike  41000  has a total call value of 9,000,000  versus a total put value of  7,353,000,000 Combined total value = 7,362,000,000

Strike  41500  has a total call value of 13,500,000  versus a total put value of  5,830,500,000 Combined total value = 5,844,000,000

Strike  42000  has a total call value of 72,000,000  versus a total put value of  4,384,500,000 Combined total value = 4,456,500,000

Strike  42500  has a total call value of 317,250,000  versus a total put value of  3,194,250,000 Combined total value = 3,511,500,000

Strike  43000  has a total call value of 614,250,000  versus a total put value of  2,106,000,000 Combined total value = 2,720,250,000

Strike  43500  has a total call value of 994,500,000  versus a total put value of  1,374,000,000 Combined total value = 2,368,500,000

Strike  44000  has a total call value of 1,412,250,000  versus a total put value of  775,500,000 Combined total value = 2,187,750,000

Strike  44500  has a total call value of 1,932,750,000  versus a total put value of  458,250,000 Combined total value = 2,391,000,000

Strike  45000  has a total call value of 2,495,250,000  versus a total put value of  184,500,000 Combined total value = 2,679,750,000

Strike  45500  has a total call value of 3,227,250,000  versus a total put value of  54,750,000 Combined total value = 3,282,000,000

Strike  46000  has a total call value of 4,114,500,000  versus a total put value of  25,500,000 Combined total value = 4,140,000,000

Strike  46500  has a total call value of 5,293,500,000  versus a total put value of  13,500,000 Combined total value = 5,307,000,000

Strike  47000  has a total call value of 6,552,000,000  versus a total put value of  1,500,000 Combined total value = 6,553,500,000

Strike  47500  has a total call value of 8,091,750,000  versus a total put value of  0 Combined total value = 8,091,750,000

Strike  48000  has a total call value of 9,635,250,000  versus a total put value of  0 Combined total value = 9,635,250,000

Strike  48500  has a total call value of 11,493,000,000  versus a total put value of  0 Combined total value = 11,493,000,000

Strike  49000  has a total call value of 13,350,750,000  versus a total put value of  0 Combined total value = 13,350,750,000

Strike  49500  has a total call value of 15,399,000,000  versus a total put value of  0 Combined total value = 15,399,000,000

Strike  50000  has a total call value of 17,447,250,000  versus a total put value of  0 Combined total value = 17,447,250,000

Strike  50500  has a total call value of 19,495,500,000  versus a total put value of  0 Combined total value = 19,495,500,000

Strike  51000  has a total call value of 21,543,750,000  versus a total put value of  0 Combined total value = 21,543,750,000

All Max-Pain Table


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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.