PFC
POWER FIN CORP LTD.
Max pain for PFC
04 Jul 2024 11:52 AM IST
Max Pain for PFC is 510
Strike 350 has a total call value of 0 versus a total put value of 265,579,600,000 Combined total value = 265,579,600,000
Strike 355 has a total call value of 0 versus a total put value of 255,494,850,000 Combined total value = 255,494,850,000
Strike 360 has a total call value of 0 versus a total put value of 245,410,100,000 Combined total value = 245,410,100,000
Strike 365 has a total call value of 0 versus a total put value of 235,342,250,000 Combined total value = 235,342,250,000
Strike 370 has a total call value of 0 versus a total put value of 225,278,950,000 Combined total value = 225,278,950,000
Strike 375 has a total call value of 0 versus a total put value of 215,224,100,000 Combined total value = 215,224,100,000
Strike 380 has a total call value of 0 versus a total put value of 205,169,250,000 Combined total value = 205,169,250,000
Strike 385 has a total call value of 0 versus a total put value of 195,206,050,000 Combined total value = 195,206,050,000
Strike 390 has a total call value of 0 versus a total put value of 185,242,850,000 Combined total value = 185,242,850,000
Strike 395 has a total call value of 0 versus a total put value of 175,327,750,000 Combined total value = 175,327,750,000
Strike 400 has a total call value of 0 versus a total put value of 165,412,650,000 Combined total value = 165,412,650,000
Strike 405 has a total call value of 175,500,000 versus a total put value of 156,104,650,000 Combined total value = 156,280,150,000
Strike 410 has a total call value of 351,000,000 versus a total put value of 146,796,650,000 Combined total value = 147,147,650,000
Strike 415 has a total call value of 526,500,000 versus a total put value of 137,911,800,000 Combined total value = 138,438,300,000
Strike 420 has a total call value of 702,000,000 versus a total put value of 129,026,950,000 Combined total value = 129,728,950,000
Strike 425 has a total call value of 877,500,000 versus a total put value of 120,311,750,000 Combined total value = 121,189,250,000
Strike 430 has a total call value of 1,053,650,000 versus a total put value of 111,615,400,000 Combined total value = 112,669,050,000
Strike 435 has a total call value of 1,229,800,000 versus a total put value of 103,238,200,000 Combined total value = 104,468,000,000
Strike 440 has a total call value of 1,405,950,000 versus a total put value of 94,861,000,000 Combined total value = 96,266,950,000
Strike 445 has a total call value of 1,582,100,000 versus a total put value of 86,812,700,000 Combined total value = 88,394,800,000
Strike 450 has a total call value of 1,758,250,000 versus a total put value of 78,801,450,000 Combined total value = 80,559,700,000
Strike 455 has a total call value of 2,055,950,000 versus a total put value of 71,632,600,000 Combined total value = 73,688,550,000
Strike 460 has a total call value of 2,353,650,000 versus a total put value of 64,515,750,000 Combined total value = 66,869,400,000
Strike 465 has a total call value of 2,702,050,000 versus a total put value of 57,876,000,000 Combined total value = 60,578,050,000
Strike 470 has a total call value of 3,050,450,000 versus a total put value of 51,350,000,000 Combined total value = 54,400,450,000
Strike 475 has a total call value of 3,475,550,000 versus a total put value of 45,243,900,000 Combined total value = 48,719,450,000
Strike 480 has a total call value of 3,938,350,000 versus a total put value of 39,263,900,000 Combined total value = 43,202,250,000
Strike 485 has a total call value of 4,694,300,000 versus a total put value of 34,053,500,000 Combined total value = 38,747,800,000
Strike 490 has a total call value of 5,647,200,000 versus a total put value of 29,112,850,000 Combined total value = 34,760,050,000
Strike 495 has a total call value of 6,990,750,000 versus a total put value of 24,627,200,000 Combined total value = 31,617,950,000
Strike 500 has a total call value of 8,440,250,000 versus a total put value of 20,324,200,000 Combined total value = 28,764,450,000
Strike 505 has a total call value of 11,137,750,000 versus a total put value of 17,221,100,000 Combined total value = 28,358,850,000
Strike 510 has a total call value of 13,964,600,000 versus a total put value of 14,255,150,000 Combined total value = 28,219,750,000
Strike 515 has a total call value of 17,162,600,000 versus a total put value of 11,657,100,000 Combined total value = 28,819,700,000
Strike 520 has a total call value of 20,540,650,000 versus a total put value of 9,177,350,000 Combined total value = 29,718,000,000
Strike 525 has a total call value of 24,930,750,000 versus a total put value of 7,261,800,000 Combined total value = 32,192,550,000
Strike 530 has a total call value of 29,498,300,000 versus a total put value of 5,541,250,000 Combined total value = 35,039,550,000
Strike 535 has a total call value of 35,105,200,000 versus a total put value of 4,226,300,000 Combined total value = 39,331,500,000
Strike 540 has a total call value of 41,049,450,000 versus a total put value of 3,051,100,000 Combined total value = 44,100,550,000
Strike 545 has a total call value of 48,266,400,000 versus a total put value of 2,198,300,000 Combined total value = 50,464,700,000
Strike 550 has a total call value of 55,730,350,000 versus a total put value of 1,387,750,000 Combined total value = 57,118,100,000
Strike 555 has a total call value of 65,008,450,000 versus a total put value of 1,135,550,000 Combined total value = 66,144,000,000
Strike 560 has a total call value of 74,439,300,000 versus a total put value of 904,150,000 Combined total value = 75,343,450,000
Strike 565 has a total call value of 84,526,000,000 versus a total put value of 704,600,000 Combined total value = 85,230,600,000
Strike 570 has a total call value of 94,749,200,000 versus a total put value of 529,100,000 Combined total value = 95,278,300,000
Strike 575 has a total call value of 105,641,900,000 versus a total put value of 382,200,000 Combined total value = 106,024,100,000
Strike 580 has a total call value of 116,647,050,000 versus a total put value of 250,250,000 Combined total value = 116,897,300,000
Strike 585 has a total call value of 128,535,550,000 versus a total put value of 157,300,000 Combined total value = 128,692,850,000
Strike 590 has a total call value of 140,504,650,000 versus a total put value of 84,500,000 Combined total value = 140,589,150,000
Strike 595 has a total call value of 152,874,800,000 versus a total put value of 42,250,000 Combined total value = 152,917,050,000
Strike 600 has a total call value of 165,244,950,000 versus a total put value of 0 Combined total value = 165,244,950,000
Strike 605 has a total call value of 178,943,700,000 versus a total put value of 0 Combined total value = 178,943,700,000
Strike 610 has a total call value of 192,695,100,000 versus a total put value of 0 Combined total value = 192,695,100,000
Strike 615 has a total call value of 207,012,650,000 versus a total put value of 0 Combined total value = 207,012,650,000
Strike 620 has a total call value of 221,330,200,000 versus a total put value of 0 Combined total value = 221,330,200,000
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.