PAGEIND
PAGE INDUSTRIES LTD
Max pain for PAGEIND
26 Jul 2024 04:13 PM IST
Max Pain for PAGEIND is 40000
Strike 33000 has a total call value of 0 versus a total put value of 1,260,750,000 Combined total value = 1,260,750,000
Strike 33500 has a total call value of 0 versus a total put value of 1,149,000,000 Combined total value = 1,149,000,000
Strike 34000 has a total call value of 0 versus a total put value of 1,037,250,000 Combined total value = 1,037,250,000
Strike 34500 has a total call value of 0 versus a total put value of 925,500,000 Combined total value = 925,500,000
Strike 35000 has a total call value of 0 versus a total put value of 813,750,000 Combined total value = 813,750,000
Strike 35500 has a total call value of 0 versus a total put value of 702,000,000 Combined total value = 702,000,000
Strike 36000 has a total call value of 0 versus a total put value of 590,250,000 Combined total value = 590,250,000
Strike 36500 has a total call value of 0 versus a total put value of 490,500,000 Combined total value = 490,500,000
Strike 37000 has a total call value of 0 versus a total put value of 391,500,000 Combined total value = 391,500,000
Strike 37500 has a total call value of 0 versus a total put value of 292,500,000 Combined total value = 292,500,000
Strike 38000 has a total call value of 0 versus a total put value of 193,500,000 Combined total value = 193,500,000
Strike 38500 has a total call value of 0 versus a total put value of 147,000,000 Combined total value = 147,000,000
Strike 39000 has a total call value of 0 versus a total put value of 100,500,000 Combined total value = 100,500,000
Strike 39500 has a total call value of 0 versus a total put value of 54,000,000 Combined total value = 54,000,000
Strike 40000 has a total call value of 0 versus a total put value of 7,500,000 Combined total value = 7,500,000
Strike 40500 has a total call value of 21,750,000 versus a total put value of 1,500,000 Combined total value = 23,250,000
Strike 41000 has a total call value of 50,250,000 versus a total put value of 0 Combined total value = 50,250,000
Strike 41500 has a total call value of 114,750,000 versus a total put value of 0 Combined total value = 114,750,000
Strike 42000 has a total call value of 183,750,000 versus a total put value of 0 Combined total value = 183,750,000
Strike 42500 has a total call value of 347,250,000 versus a total put value of 0 Combined total value = 347,250,000
Strike 43000 has a total call value of 510,750,000 versus a total put value of 0 Combined total value = 510,750,000
Strike 43500 has a total call value of 724,500,000 versus a total put value of 0 Combined total value = 724,500,000
Strike 44000 has a total call value of 938,250,000 versus a total put value of 0 Combined total value = 938,250,000
Strike 44500 has a total call value of 1,194,000,000 versus a total put value of 0 Combined total value = 1,194,000,000
Strike 45000 has a total call value of 1,457,250,000 versus a total put value of 0 Combined total value = 1,457,250,000
Strike 45500 has a total call value of 1,722,000,000 versus a total put value of 0 Combined total value = 1,722,000,000
Strike 46000 has a total call value of 1,986,750,000 versus a total put value of 0 Combined total value = 1,986,750,000
Strike 46500 has a total call value of 2,251,500,000 versus a total put value of 0 Combined total value = 2,251,500,000
Strike 47000 has a total call value of 2,516,250,000 versus a total put value of 0 Combined total value = 2,516,250,000
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.