PNB
PUNJAB NATIONAL BANK
Max pain for PNB
24 Apr 2024 04:17 PM IST
Max Pain for PNB is 130
Strike 101 has a total call value of 0 versus a total put value of 118,586,400,000 Combined total value = 118,586,400,000
Strike 102 has a total call value of 16,000,000 versus a total put value of 113,859,200,000 Combined total value = 113,875,200,000
Strike 102.5 has a total call value of 24,000,000 versus a total put value of 111,495,600,000 Combined total value = 111,519,600,000
Strike 103 has a total call value of 32,000,000 versus a total put value of 109,132,000,000 Combined total value = 109,164,000,000
Strike 104 has a total call value of 48,000,000 versus a total put value of 104,404,800,000 Combined total value = 104,452,800,000
Strike 105 has a total call value of 64,000,000 versus a total put value of 99,677,600,000 Combined total value = 99,741,600,000
Strike 106 has a total call value of 87,200,000 versus a total put value of 94,950,400,000 Combined total value = 95,037,600,000
Strike 107 has a total call value of 110,400,000 versus a total put value of 90,223,200,000 Combined total value = 90,333,600,000
Strike 107.5 has a total call value of 122,000,000 versus a total put value of 87,866,000,000 Combined total value = 87,988,000,000
Strike 108 has a total call value of 133,600,000 versus a total put value of 85,508,800,000 Combined total value = 85,642,400,000
Strike 109 has a total call value of 156,800,000 versus a total put value of 80,794,400,000 Combined total value = 80,951,200,000
Strike 110 has a total call value of 180,000,000 versus a total put value of 76,080,000,000 Combined total value = 76,260,000,000
Strike 111 has a total call value of 247,200,000 versus a total put value of 71,744,000,000 Combined total value = 71,991,200,000
Strike 112 has a total call value of 314,400,000 versus a total put value of 67,408,000,000 Combined total value = 67,722,400,000
Strike 112.5 has a total call value of 348,000,000 versus a total put value of 65,240,000,000 Combined total value = 65,588,000,000
Strike 113 has a total call value of 381,600,000 versus a total put value of 63,072,000,000 Combined total value = 63,453,600,000
Strike 114 has a total call value of 448,800,000 versus a total put value of 58,736,000,000 Combined total value = 59,184,800,000
Strike 115 has a total call value of 516,000,000 versus a total put value of 54,400,000,000 Combined total value = 54,916,000,000
Strike 116 has a total call value of 634,400,000 versus a total put value of 50,377,600,000 Combined total value = 51,012,000,000
Strike 117 has a total call value of 752,800,000 versus a total put value of 46,355,200,000 Combined total value = 47,108,000,000
Strike 117.5 has a total call value of 812,000,000 versus a total put value of 44,356,000,000 Combined total value = 45,168,000,000
Strike 118 has a total call value of 871,200,000 versus a total put value of 42,361,200,000 Combined total value = 43,232,400,000
Strike 119 has a total call value of 1,008,800,000 versus a total put value of 38,371,600,000 Combined total value = 39,380,400,000
Strike 120 has a total call value of 1,146,400,000 versus a total put value of 34,382,000,000 Combined total value = 35,528,400,000
Strike 121 has a total call value of 1,408,000,000 versus a total put value of 31,038,800,000 Combined total value = 32,446,800,000
Strike 122 has a total call value of 1,669,600,000 versus a total put value of 27,721,200,000 Combined total value = 29,390,800,000
Strike 122.5 has a total call value of 1,800,400,000 versus a total put value of 26,088,000,000 Combined total value = 27,888,400,000
Strike 123 has a total call value of 1,931,200,000 versus a total put value of 24,472,400,000 Combined total value = 26,403,600,000
Strike 124 has a total call value of 2,209,600,000 versus a total put value of 21,297,200,000 Combined total value = 23,506,800,000
Strike 125 has a total call value of 2,511,200,000 versus a total put value of 18,186,000,000 Combined total value = 20,697,200,000
Strike 126 has a total call value of 2,974,400,000 versus a total put value of 15,558,800,000 Combined total value = 18,533,200,000
Strike 127 has a total call value of 3,484,000,000 versus a total put value of 13,031,600,000 Combined total value = 16,515,600,000
Strike 127.5 has a total call value of 3,759,200,000 versus a total put value of 11,810,400,000 Combined total value = 15,569,600,000
Strike 128 has a total call value of 4,044,400,000 versus a total put value of 10,602,800,000 Combined total value = 14,647,200,000
Strike 129 has a total call value of 4,834,800,000 versus a total put value of 8,472,400,000 Combined total value = 13,307,200,000
Strike 130 has a total call value of 5,726,000,000 versus a total put value of 6,434,800,000 Combined total value = 12,160,800,000
Strike 131 has a total call value of 7,210,000,000 versus a total put value of 5,146,800,000 Combined total value = 12,356,800,000
Strike 132 has a total call value of 8,785,200,000 versus a total put value of 3,994,800,000 Combined total value = 12,780,000,000
Strike 132.5 has a total call value of 9,639,600,000 versus a total put value of 3,486,800,000 Combined total value = 13,126,400,000
Strike 133 has a total call value of 10,518,800,000 versus a total put value of 2,998,000,000 Combined total value = 13,516,800,000
Strike 134 has a total call value of 12,480,400,000 versus a total put value of 2,241,200,000 Combined total value = 14,721,600,000
Strike 135 has a total call value of 14,578,000,000 versus a total put value of 1,484,400,000 Combined total value = 16,062,400,000
Strike 136 has a total call value of 17,757,200,000 versus a total put value of 1,162,800,000 Combined total value = 18,920,000,000
Strike 137 has a total call value of 21,102,000,000 versus a total put value of 841,200,000 Combined total value = 21,943,200,000
Strike 137.5 has a total call value of 22,896,000,000 versus a total put value of 742,000,000 Combined total value = 23,638,000,000
Strike 138 has a total call value of 24,727,600,000 versus a total put value of 656,800,000 Combined total value = 25,384,400,000
Strike 139 has a total call value of 28,566,000,000 versus a total put value of 486,400,000 Combined total value = 29,052,400,000
Strike 140 has a total call value of 32,485,200,000 versus a total put value of 316,000,000 Combined total value = 32,801,200,000
Strike 141 has a total call value of 37,740,400,000 versus a total put value of 272,000,000 Combined total value = 38,012,400,000
Strike 142 has a total call value of 42,995,600,000 versus a total put value of 228,000,000 Combined total value = 43,223,600,000
Strike 142.5 has a total call value of 45,688,400,000 versus a total put value of 206,000,000 Combined total value = 45,894,400,000
Strike 143 has a total call value of 48,414,800,000 versus a total put value of 184,000,000 Combined total value = 48,598,800,000
Strike 144 has a total call value of 53,867,600,000 versus a total put value of 140,000,000 Combined total value = 54,007,600,000
Strike 145 has a total call value of 59,407,600,000 versus a total put value of 96,000,000 Combined total value = 59,503,600,000
Strike 147 has a total call value of 71,535,600,000 versus a total put value of 57,600,000 Combined total value = 71,593,200,000
Strike 147.5 has a total call value of 74,567,600,000 versus a total put value of 48,000,000 Combined total value = 74,615,600,000
Strike 148 has a total call value of 77,637,600,000 versus a total put value of 38,400,000 Combined total value = 77,676,000,000
Strike 149 has a total call value of 84,044,800,000 versus a total put value of 19,200,000 Combined total value = 84,064,000,000
Strike 150 has a total call value of 90,452,000,000 versus a total put value of 0 Combined total value = 90,452,000,000
Strike 151 has a total call value of 97,445,600,000 versus a total put value of 0 Combined total value = 97,445,600,000
Strike 152 has a total call value of 104,439,200,000 versus a total put value of 0 Combined total value = 104,439,200,000
Strike 152.5 has a total call value of 107,936,000,000 versus a total put value of 0 Combined total value = 107,936,000,000
Strike 155 has a total call value of 125,420,000,000 versus a total put value of 0 Combined total value = 125,420,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.