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PNB
PUNJAB NATIONAL BANK

124.85 3.00 (2.46%)


Strike  82  has a total call value of 0  versus a total put value of  203,495,200,000 Combined total value = 203,495,200,000

Strike  83  has a total call value of 0  versus a total put value of  197,853,600,000 Combined total value = 197,853,600,000

Strike  84  has a total call value of 0  versus a total put value of  192,215,200,000 Combined total value = 192,215,200,000

Strike  85  has a total call value of 0  versus a total put value of  186,576,800,000 Combined total value = 186,576,800,000

Strike  86  has a total call value of 0  versus a total put value of  180,942,400,000 Combined total value = 180,942,400,000

Strike  87  has a total call value of 0  versus a total put value of  175,308,000,000 Combined total value = 175,308,000,000

Strike  88  has a total call value of 0  versus a total put value of  169,673,600,000 Combined total value = 169,673,600,000

Strike  89  has a total call value of 0  versus a total put value of  164,039,200,000 Combined total value = 164,039,200,000

Strike  90  has a total call value of 0  versus a total put value of  158,404,800,000 Combined total value = 158,404,800,000

Strike  91  has a total call value of 0  versus a total put value of  152,806,400,000 Combined total value = 152,806,400,000

Strike  92  has a total call value of 0  versus a total put value of  147,208,000,000 Combined total value = 147,208,000,000

Strike  93  has a total call value of 0  versus a total put value of  141,609,600,000 Combined total value = 141,609,600,000

Strike  94  has a total call value of 0  versus a total put value of  136,011,200,000 Combined total value = 136,011,200,000

Strike  95  has a total call value of 0  versus a total put value of  130,412,800,000 Combined total value = 130,412,800,000

Strike  96  has a total call value of 0  versus a total put value of  124,826,400,000 Combined total value = 124,826,400,000

Strike  97  has a total call value of 0  versus a total put value of  119,240,000,000 Combined total value = 119,240,000,000

Strike  98  has a total call value of 0  versus a total put value of  113,653,600,000 Combined total value = 113,653,600,000

Strike  99  has a total call value of 0  versus a total put value of  108,067,200,000 Combined total value = 108,067,200,000

Strike  100  has a total call value of 0  versus a total put value of  102,485,600,000 Combined total value = 102,485,600,000

Strike  101  has a total call value of 80,000,000  versus a total put value of  97,216,000,000 Combined total value = 97,296,000,000

Strike  102  has a total call value of 160,000,000  versus a total put value of  91,956,000,000 Combined total value = 92,116,000,000

Strike  103  has a total call value of 240,000,000  versus a total put value of  86,704,800,000 Combined total value = 86,944,800,000

Strike  104  has a total call value of 320,000,000  versus a total put value of  81,460,000,000 Combined total value = 81,780,000,000

Strike  105  has a total call value of 400,000,000  versus a total put value of  76,220,000,000 Combined total value = 76,620,000,000

Strike  106  has a total call value of 480,000,000  versus a total put value of  71,224,000,000 Combined total value = 71,704,000,000

Strike  107  has a total call value of 560,000,000  versus a total put value of  66,232,000,000 Combined total value = 66,792,000,000

Strike  108  has a total call value of 640,000,000  versus a total put value of  61,251,200,000 Combined total value = 61,891,200,000

Strike  109  has a total call value of 720,000,000  versus a total put value of  56,294,400,000 Combined total value = 57,014,400,000

Strike  110  has a total call value of 800,000,000  versus a total put value of  51,340,000,000 Combined total value = 52,140,000,000

Strike  111  has a total call value of 1,278,400,000  versus a total put value of  47,212,800,000 Combined total value = 48,491,200,000

Strike  112  has a total call value of 1,756,800,000  versus a total put value of  43,092,800,000 Combined total value = 44,849,600,000

Strike  113  has a total call value of 2,240,800,000  versus a total put value of  38,993,600,000 Combined total value = 41,234,400,000

Strike  114  has a total call value of 2,724,800,000  versus a total put value of  34,922,400,000 Combined total value = 37,647,200,000

Strike  115  has a total call value of 3,208,800,000  versus a total put value of  30,868,800,000 Combined total value = 34,077,600,000

Strike  116  has a total call value of 3,822,400,000  versus a total put value of  27,724,000,000 Combined total value = 31,546,400,000

Strike  117  has a total call value of 4,436,000,000  versus a total put value of  24,597,600,000 Combined total value = 29,033,600,000

Strike  118  has a total call value of 5,049,600,000  versus a total put value of  21,502,400,000 Combined total value = 26,552,000,000

Strike  119  has a total call value of 5,672,000,000  versus a total put value of  18,438,400,000 Combined total value = 24,110,400,000

Strike  120  has a total call value of 6,304,800,000  versus a total put value of  15,473,600,000 Combined total value = 21,778,400,000

Strike  121  has a total call value of 7,810,400,000  versus a total put value of  13,573,600,000 Combined total value = 21,384,000,000

Strike  122  has a total call value of 9,359,200,000  versus a total put value of  11,719,200,000 Combined total value = 21,078,400,000

Strike  123  has a total call value of 11,010,400,000  versus a total put value of  9,986,400,000 Combined total value = 20,996,800,000

Strike  124  has a total call value of 12,734,400,000  versus a total put value of  8,318,400,000 Combined total value = 21,052,800,000

Strike  125  has a total call value of 14,736,000,000  versus a total put value of  6,736,800,000 Combined total value = 21,472,800,000

Strike  126  has a total call value of 17,785,600,000  versus a total put value of  5,728,000,000 Combined total value = 23,513,600,000

Strike  127  has a total call value of 20,948,800,000  versus a total put value of  4,760,000,000 Combined total value = 25,708,800,000

Strike  128  has a total call value of 24,248,800,000  versus a total put value of  3,822,400,000 Combined total value = 28,071,200,000

Strike  129  has a total call value of 27,658,400,000  versus a total put value of  2,920,800,000 Combined total value = 30,579,200,000

Strike  130  has a total call value of 31,155,200,000  versus a total put value of  2,032,000,000 Combined total value = 33,187,200,000

Strike  131  has a total call value of 36,936,000,000  versus a total put value of  1,740,800,000 Combined total value = 38,676,800,000

Strike  132  has a total call value of 42,782,400,000  versus a total put value of  1,449,600,000 Combined total value = 44,232,000,000

Strike  133  has a total call value of 48,729,600,000  versus a total put value of  1,158,400,000 Combined total value = 49,888,000,000

Strike  134  has a total call value of 54,780,000,000  versus a total put value of  867,200,000 Combined total value = 55,647,200,000

Strike  135  has a total call value of 60,876,000,000  versus a total put value of  576,000,000 Combined total value = 61,452,000,000

Strike  136  has a total call value of 67,877,600,000  versus a total put value of  460,800,000 Combined total value = 68,338,400,000

Strike  137  has a total call value of 74,900,000,000  versus a total put value of  345,600,000 Combined total value = 75,245,600,000

Strike  138  has a total call value of 81,958,400,000  versus a total put value of  230,400,000 Combined total value = 82,188,800,000

Strike  139  has a total call value of 89,031,200,000  versus a total put value of  115,200,000 Combined total value = 89,146,400,000

Strike  140  has a total call value of 96,104,000,000  versus a total put value of  0 Combined total value = 96,104,000,000

Strike  141  has a total call value of 105,083,200,000  versus a total put value of  0 Combined total value = 105,083,200,000

Strike  142  has a total call value of 114,066,400,000  versus a total put value of  0 Combined total value = 114,066,400,000

Strike  143  has a total call value of 123,125,600,000  versus a total put value of  0 Combined total value = 123,125,600,000

Strike  144  has a total call value of 132,192,000,000  versus a total put value of  0 Combined total value = 132,192,000,000

Strike  145  has a total call value of 141,272,000,000  versus a total put value of  0 Combined total value = 141,272,000,000

Strike  146  has a total call value of 150,813,600,000  versus a total put value of  0 Combined total value = 150,813,600,000

Strike  147  has a total call value of 160,363,200,000  versus a total put value of  0 Combined total value = 160,363,200,000

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.