PFC
POWER FIN CORP LTD.
Max pain for PFC
11 Dec 2023 04:17 PM IST
Max Pain for PFC is 370
Strike 240 has a total call value of 0 versus a total put value of 445,433,187,500 Combined total value = 445,433,187,500
Strike 245 has a total call value of 0 versus a total put value of 423,925,000,000 Combined total value = 423,925,000,000
Strike 250 has a total call value of 0 versus a total put value of 402,416,812,500 Combined total value = 402,416,812,500
Strike 255 has a total call value of 0 versus a total put value of 381,145,000,000 Combined total value = 381,145,000,000
Strike 260 has a total call value of 0 versus a total put value of 359,873,187,500 Combined total value = 359,873,187,500
Strike 265 has a total call value of 0 versus a total put value of 338,706,000,000 Combined total value = 338,706,000,000
Strike 270 has a total call value of 0 versus a total put value of 317,538,812,500 Combined total value = 317,538,812,500
Strike 275 has a total call value of 0 versus a total put value of 296,615,750,000 Combined total value = 296,615,750,000
Strike 280 has a total call value of 0 versus a total put value of 275,727,562,500 Combined total value = 275,727,562,500
Strike 285 has a total call value of 0 versus a total put value of 255,420,625,000 Combined total value = 255,420,625,000
Strike 290 has a total call value of 11,625,000 versus a total put value of 235,152,437,500 Combined total value = 235,164,062,500
Strike 295 has a total call value of 178,250,000 versus a total put value of 215,250,437,500 Combined total value = 215,428,687,500
Strike 300 has a total call value of 344,875,000 versus a total put value of 195,468,562,500 Combined total value = 195,813,437,500
Strike 305 has a total call value of 959,062,500 versus a total put value of 177,312,250,000 Combined total value = 178,271,312,500
Strike 310 has a total call value of 1,573,250,000 versus a total put value of 159,341,937,500 Combined total value = 160,915,187,500
Strike 315 has a total call value of 2,563,312,500 versus a total put value of 141,974,187,500 Combined total value = 144,537,500,000
Strike 320 has a total call value of 3,632,812,500 versus a total put value of 124,899,000,000 Combined total value = 128,531,812,500
Strike 325 has a total call value of 5,256,437,500 versus a total put value of 109,288,562,500 Combined total value = 114,545,000,000
Strike 330 has a total call value of 7,172,625,000 versus a total put value of 94,094,687,500 Combined total value = 101,267,312,500
Strike 335 has a total call value of 10,169,937,500 versus a total put value of 80,789,875,000 Combined total value = 90,959,812,500
Strike 340 has a total call value of 13,372,625,000 versus a total put value of 67,919,062,500 Combined total value = 81,291,687,500
Strike 345 has a total call value of 17,257,312,500 versus a total put value of 56,222,375,000 Combined total value = 73,479,687,500
Strike 350 has a total call value of 21,258,250,000 versus a total put value of 45,075,937,500 Combined total value = 66,334,187,500
Strike 355 has a total call value of 26,158,187,500 versus a total put value of 35,868,937,500 Combined total value = 62,027,125,000
Strike 360 has a total call value of 31,215,062,500 versus a total put value of 27,216,062,500 Combined total value = 58,431,125,000
Strike 365 has a total call value of 36,959,750,000 versus a total put value of 20,254,625,000 Combined total value = 57,214,375,000
Strike 370 has a total call value of 42,960,187,500 versus a total put value of 13,826,000,000 Combined total value = 56,786,187,500
Strike 375 has a total call value of 50,266,500,000 versus a total put value of 9,090,750,000 Combined total value = 59,357,250,000
Strike 380 has a total call value of 58,363,312,500 versus a total put value of 5,099,500,000 Combined total value = 63,462,812,500
Strike 385 has a total call value of 68,575,875,000 versus a total put value of 3,193,000,000 Combined total value = 71,768,875,000
Strike 390 has a total call value of 80,067,187,500 versus a total put value of 1,770,875,000 Combined total value = 81,838,062,500
Strike 395 has a total call value of 93,873,812,500 versus a total put value of 1,156,687,500 Combined total value = 95,030,500,000
Strike 400 has a total call value of 108,500,000,000 versus a total put value of 693,625,000 Combined total value = 109,193,625,000
Strike 405 has a total call value of 126,691,187,500 versus a total put value of 496,000,000 Combined total value = 127,187,187,500
Strike 410 has a total call value of 145,328,000,000 versus a total put value of 327,437,500 Combined total value = 145,655,437,500
Strike 415 has a total call value of 165,082,750,000 versus a total put value of 186,000,000 Combined total value = 165,268,750,000
Strike 420 has a total call value of 185,106,812,500 versus a total put value of 58,125,000 Combined total value = 185,164,937,500
Strike 425 has a total call value of 206,365,062,500 versus a total put value of 21,312,500 Combined total value = 206,386,375,000
Strike 430 has a total call value of 228,272,375,000 versus a total put value of 5,812,500 Combined total value = 228,278,187,500
Strike 435 has a total call value of 251,129,062,500 versus a total put value of 0 Combined total value = 251,129,062,500
Max Pain - Choose a symbol
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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.