PFC
POWER FIN CORP LTD.
Max pain for PFC
19 Mar 2024 01:35 PM IST
Max Pain for PFC is 385
Strike 310 has a total call value of 0 versus a total put value of 190,619,000,000 Combined total value = 190,619,000,000
Strike 315 has a total call value of 0 versus a total put value of 176,905,375,000 Combined total value = 176,905,375,000
Strike 320 has a total call value of 0 versus a total put value of 163,191,750,000 Combined total value = 163,191,750,000
Strike 325 has a total call value of 44,562,500 versus a total put value of 150,051,625,000 Combined total value = 150,096,187,500
Strike 330 has a total call value of 89,125,000 versus a total put value of 137,054,875,000 Combined total value = 137,144,000,000
Strike 335 has a total call value of 133,687,500 versus a total put value of 124,505,687,500 Combined total value = 124,639,375,000
Strike 340 has a total call value of 178,250,000 versus a total put value of 112,068,875,000 Combined total value = 112,247,125,000
Strike 345 has a total call value of 234,437,500 versus a total put value of 100,201,687,500 Combined total value = 100,436,125,000
Strike 350 has a total call value of 290,625,000 versus a total put value of 88,594,125,000 Combined total value = 88,884,750,000
Strike 355 has a total call value of 538,625,000 versus a total put value of 78,366,062,500 Combined total value = 78,904,687,500
Strike 360 has a total call value of 823,437,500 versus a total put value of 68,393,750,000 Combined total value = 69,217,187,500
Strike 365 has a total call value of 1,489,937,500 versus a total put value of 59,578,125,000 Combined total value = 61,068,062,500
Strike 370 has a total call value of 2,567,187,500 versus a total put value of 51,182,937,500 Combined total value = 53,750,125,000
Strike 375 has a total call value of 4,634,500,000 versus a total put value of 43,861,125,000 Combined total value = 48,495,625,000
Strike 380 has a total call value of 7,414,812,500 versus a total put value of 37,091,500,000 Combined total value = 44,506,312,500
Strike 385 has a total call value of 12,345,750,000 versus a total put value of 31,660,687,500 Combined total value = 44,006,437,500
Strike 390 has a total call value of 17,987,750,000 versus a total put value of 26,493,375,000 Combined total value = 44,481,125,000
Strike 395 has a total call value of 25,108,062,500 versus a total put value of 21,938,312,500 Combined total value = 47,046,375,000
Strike 400 has a total call value of 32,838,687,500 versus a total put value of 17,604,125,000 Combined total value = 50,442,812,500
Strike 405 has a total call value of 43,496,875,000 versus a total put value of 14,335,562,500 Combined total value = 57,832,437,500
Strike 410 has a total call value of 54,866,125,000 versus a total put value of 11,233,625,000 Combined total value = 66,099,750,000
Strike 415 has a total call value of 67,733,062,500 versus a total put value of 8,643,187,500 Combined total value = 76,376,250,000
Strike 420 has a total call value of 81,221,937,500 versus a total put value of 6,263,937,500 Combined total value = 87,485,875,000
Strike 425 has a total call value of 96,470,062,500 versus a total put value of 4,510,500,000 Combined total value = 100,980,562,500
Strike 430 has a total call value of 112,446,687,500 versus a total put value of 2,914,000,000 Combined total value = 115,360,687,500
Strike 435 has a total call value of 130,988,562,500 versus a total put value of 2,020,812,500 Combined total value = 133,009,375,000
Strike 440 has a total call value of 150,200,812,500 versus a total put value of 1,127,625,000 Combined total value = 151,328,437,500
Strike 445 has a total call value of 171,209,125,000 versus a total put value of 699,437,500 Combined total value = 171,908,562,500
Strike 450 has a total call value of 192,448,000,000 versus a total put value of 271,250,000 Combined total value = 192,719,250,000
Strike 455 has a total call value of 215,533,312,500 versus a total put value of 236,375,000 Combined total value = 215,769,687,500
Strike 460 has a total call value of 238,839,500,000 versus a total put value of 201,500,000 Combined total value = 239,041,000,000
Strike 465 has a total call value of 263,104,750,000 versus a total put value of 166,625,000 Combined total value = 263,271,375,000
Strike 470 has a total call value of 287,513,375,000 versus a total put value of 131,750,000 Combined total value = 287,645,125,000
Strike 475 has a total call value of 312,656,312,500 versus a total put value of 96,875,000 Combined total value = 312,753,187,500
Strike 480 has a total call value of 337,958,125,000 versus a total put value of 62,000,000 Combined total value = 338,020,125,000
Strike 485 has a total call value of 364,023,312,500 versus a total put value of 46,500,000 Combined total value = 364,069,812,500
Strike 490 has a total call value of 390,164,062,500 versus a total put value of 31,000,000 Combined total value = 390,195,062,500
Strike 495 has a total call value of 416,566,375,000 versus a total put value of 15,500,000 Combined total value = 416,581,875,000
Strike 500 has a total call value of 443,021,000,000 versus a total put value of 0 Combined total value = 443,021,000,000
Strike 505 has a total call value of 471,008,187,500 versus a total put value of 0 Combined total value = 471,008,187,500
Strike 510 has a total call value of 499,034,125,000 versus a total put value of 0 Combined total value = 499,034,125,000
Strike 515 has a total call value of 527,269,312,500 versus a total put value of 0 Combined total value = 527,269,312,500
Strike 520 has a total call value of 555,504,500,000 versus a total put value of 0 Combined total value = 555,504,500,000
Strike 525 has a total call value of 583,917,937,500 versus a total put value of 0 Combined total value = 583,917,937,500
Strike 530 has a total call value of 612,331,375,000 versus a total put value of 0 Combined total value = 612,331,375,000
Max Pain - Choose a symbol
Index
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P
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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.