PETRONET
PETRONET LNG LIMITED
Max pain for PETRONET
28 Mar 2024 03:58 PM IST
Max Pain for PETRONET is 270
Strike 230 has a total call value of 0 versus a total put value of 15,811,500,000 Combined total value = 15,811,500,000
Strike 232.5 has a total call value of 0 versus a total put value of 14,388,750,000 Combined total value = 14,388,750,000
Strike 235 has a total call value of 0 versus a total put value of 12,966,000,000 Combined total value = 12,966,000,000
Strike 237.5 has a total call value of 0 versus a total put value of 11,544,000,000 Combined total value = 11,544,000,000
Strike 240 has a total call value of 0 versus a total put value of 10,122,000,000 Combined total value = 10,122,000,000
Strike 242.5 has a total call value of 9,000,000 versus a total put value of 8,838,750,000 Combined total value = 8,847,750,000
Strike 245 has a total call value of 18,000,000 versus a total put value of 7,555,500,000 Combined total value = 7,573,500,000
Strike 247.5 has a total call value of 27,000,000 versus a total put value of 6,282,000,000 Combined total value = 6,309,000,000
Strike 250 has a total call value of 36,000,000 versus a total put value of 5,008,500,000 Combined total value = 5,044,500,000
Strike 252.5 has a total call value of 64,500,000 versus a total put value of 4,176,000,000 Combined total value = 4,240,500,000
Strike 255 has a total call value of 93,000,000 versus a total put value of 3,343,500,000 Combined total value = 3,436,500,000
Strike 257.5 has a total call value of 121,500,000 versus a total put value of 2,605,500,000 Combined total value = 2,727,000,000
Strike 260 has a total call value of 150,750,000 versus a total put value of 1,869,750,000 Combined total value = 2,020,500,000
Strike 262.5 has a total call value of 282,000,000 versus a total put value of 1,516,500,000 Combined total value = 1,798,500,000
Strike 265 has a total call value of 413,250,000 versus a total put value of 1,165,500,000 Combined total value = 1,578,750,000
Strike 267.5 has a total call value of 618,750,000 versus a total put value of 902,250,000 Combined total value = 1,521,000,000
Strike 270 has a total call value of 841,500,000 versus a total put value of 639,000,000 Combined total value = 1,480,500,000
Strike 272.5 has a total call value of 1,386,000,000 versus a total put value of 549,750,000 Combined total value = 1,935,750,000
Strike 275 has a total call value of 1,930,500,000 versus a total put value of 460,500,000 Combined total value = 2,391,000,000
Strike 277.5 has a total call value of 2,520,000,000 versus a total put value of 372,750,000 Combined total value = 2,892,750,000
Strike 280 has a total call value of 3,109,500,000 versus a total put value of 285,000,000 Combined total value = 3,394,500,000
Strike 282.5 has a total call value of 3,989,250,000 versus a total put value of 246,000,000 Combined total value = 4,235,250,000
Strike 285 has a total call value of 4,869,000,000 versus a total put value of 207,000,000 Combined total value = 5,076,000,000
Strike 287.5 has a total call value of 5,787,000,000 versus a total put value of 168,000,000 Combined total value = 5,955,000,000
Strike 290 has a total call value of 6,705,000,000 versus a total put value of 129,000,000 Combined total value = 6,834,000,000
Strike 292.5 has a total call value of 7,853,250,000 versus a total put value of 96,750,000 Combined total value = 7,950,000,000
Strike 295 has a total call value of 9,001,500,000 versus a total put value of 64,500,000 Combined total value = 9,066,000,000
Strike 297.5 has a total call value of 10,157,250,000 versus a total put value of 32,250,000 Combined total value = 10,189,500,000
Strike 300 has a total call value of 11,313,000,000 versus a total put value of 0 Combined total value = 11,313,000,000
Strike 302.5 has a total call value of 12,796,500,000 versus a total put value of 0 Combined total value = 12,796,500,000
Strike 305 has a total call value of 14,280,000,000 versus a total put value of 0 Combined total value = 14,280,000,000
Strike 307.5 has a total call value of 15,763,500,000 versus a total put value of 0 Combined total value = 15,763,500,000
Strike 310 has a total call value of 17,247,000,000 versus a total put value of 0 Combined total value = 17,247,000,000
Max Pain - Choose a symbol
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E
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H
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L
M
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O
P
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T
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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.