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PIIND
PI INDUSTRIES LTD

3659.5 -40.25 (-1.09%)

Max pain for PIIND

23 May 2024 04:07 PM IST

Max Pain for PIIND is 3650  



Strike  3000  has a total call value of 0  versus a total put value of  32,975,000,000 Combined total value = 32,975,000,000

Strike  3050  has a total call value of 0  versus a total put value of  29,680,000,000 Combined total value = 29,680,000,000

Strike  3100  has a total call value of 0  versus a total put value of  26,385,000,000 Combined total value = 26,385,000,000

Strike  3150  has a total call value of 0  versus a total put value of  23,147,500,000 Combined total value = 23,147,500,000

Strike  3200  has a total call value of 0  versus a total put value of  19,910,000,000 Combined total value = 19,910,000,000

Strike  3250  has a total call value of 0  versus a total put value of  16,815,000,000 Combined total value = 16,815,000,000

Strike  3300  has a total call value of 0  versus a total put value of  13,720,000,000 Combined total value = 13,720,000,000

Strike  3350  has a total call value of 0  versus a total put value of  11,148,750,000 Combined total value = 11,148,750,000

Strike  3400  has a total call value of 0  versus a total put value of  8,673,750,000 Combined total value = 8,673,750,000

Strike  3450  has a total call value of 7,500,000  versus a total put value of  6,600,000,000 Combined total value = 6,607,500,000

Strike  3500  has a total call value of 15,000,000  versus a total put value of  4,581,250,000 Combined total value = 4,596,250,000

Strike  3550  has a total call value of 71,250,000  versus a total put value of  3,106,250,000 Combined total value = 3,177,500,000

Strike  3600  has a total call value of 172,500,000  versus a total put value of  1,776,250,000 Combined total value = 1,948,750,000

Strike  3650  has a total call value of 736,250,000  versus a total put value of  1,211,250,000 Combined total value = 1,947,500,000

Strike  3700  has a total call value of 1,437,500,000  versus a total put value of  712,500,000 Combined total value = 2,150,000,000

Strike  3750  has a total call value of 2,761,250,000  versus a total put value of  521,250,000 Combined total value = 3,282,500,000

Strike  3800  has a total call value of 4,221,250,000  versus a total put value of  368,750,000 Combined total value = 4,590,000,000

Strike  3850  has a total call value of 6,338,750,000  versus a total put value of  241,250,000 Combined total value = 6,580,000,000

Strike  3900  has a total call value of 8,510,000,000  versus a total put value of  132,500,000 Combined total value = 8,642,500,000

Strike  3950  has a total call value of 11,027,500,000  versus a total put value of  66,250,000 Combined total value = 11,093,750,000

Strike  4000  has a total call value of 13,577,500,000  versus a total put value of  0 Combined total value = 13,577,500,000

Strike  4050  has a total call value of 16,548,750,000  versus a total put value of  0 Combined total value = 16,548,750,000

Strike  4100  has a total call value of 19,565,000,000  versus a total put value of  0 Combined total value = 19,565,000,000

Strike  4150  has a total call value of 22,716,250,000  versus a total put value of  0 Combined total value = 22,716,250,000

Strike  4200  has a total call value of 25,883,750,000  versus a total put value of  0 Combined total value = 25,883,750,000

Strike  4250  has a total call value of 29,375,000,000  versus a total put value of  0 Combined total value = 29,375,000,000

Strike  4300  has a total call value of 32,885,000,000  versus a total put value of  0 Combined total value = 32,885,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.