PNB
PUNJAB NATIONAL BANK
Max pain for PNB
19 Apr 2024 11:33 AM IST
Max Pain for PNB is 130
Strike 100 has a total call value of 0 versus a total put value of 177,083,200,000 Combined total value = 177,083,200,000
Strike 101 has a total call value of 0 versus a total put value of 170,214,400,000 Combined total value = 170,214,400,000
Strike 102 has a total call value of 0 versus a total put value of 163,345,600,000 Combined total value = 163,345,600,000
Strike 102.5 has a total call value of 1,200,000 versus a total put value of 159,911,200,000 Combined total value = 159,912,400,000
Strike 103 has a total call value of 2,400,000 versus a total put value of 156,476,800,000 Combined total value = 156,479,200,000
Strike 104 has a total call value of 4,800,000 versus a total put value of 149,608,000,000 Combined total value = 149,612,800,000
Strike 105 has a total call value of 7,200,000 versus a total put value of 142,739,200,000 Combined total value = 142,746,400,000
Strike 106 has a total call value of 29,600,000 versus a total put value of 135,983,200,000 Combined total value = 136,012,800,000
Strike 107 has a total call value of 52,000,000 versus a total put value of 129,227,200,000 Combined total value = 129,279,200,000
Strike 107.5 has a total call value of 63,200,000 versus a total put value of 125,849,200,000 Combined total value = 125,912,400,000
Strike 108 has a total call value of 74,400,000 versus a total put value of 122,471,200,000 Combined total value = 122,545,600,000
Strike 109 has a total call value of 96,800,000 versus a total put value of 115,728,800,000 Combined total value = 115,825,600,000
Strike 110 has a total call value of 119,200,000 versus a total put value of 109,008,000,000 Combined total value = 109,127,200,000
Strike 111 has a total call value of 201,600,000 versus a total put value of 102,698,400,000 Combined total value = 102,900,000,000
Strike 112 has a total call value of 284,000,000 versus a total put value of 96,388,800,000 Combined total value = 96,672,800,000
Strike 112.5 has a total call value of 327,200,000 versus a total put value of 93,257,200,000 Combined total value = 93,584,400,000
Strike 113 has a total call value of 370,400,000 versus a total put value of 90,125,600,000 Combined total value = 90,496,000,000
Strike 114 has a total call value of 456,800,000 versus a total put value of 83,922,400,000 Combined total value = 84,379,200,000
Strike 115 has a total call value of 546,400,000 versus a total put value of 77,760,800,000 Combined total value = 78,307,200,000
Strike 116 has a total call value of 692,000,000 versus a total put value of 71,957,600,000 Combined total value = 72,649,600,000
Strike 117 has a total call value of 847,200,000 versus a total put value of 66,178,400,000 Combined total value = 67,025,600,000
Strike 117.5 has a total call value of 932,000,000 versus a total put value of 63,301,200,000 Combined total value = 64,233,200,000
Strike 118 has a total call value of 1,016,800,000 versus a total put value of 60,435,200,000 Combined total value = 61,452,000,000
Strike 119 has a total call value of 1,186,400,000 versus a total put value of 54,781,600,000 Combined total value = 55,968,000,000
Strike 120 has a total call value of 1,356,000,000 versus a total put value of 49,154,400,000 Combined total value = 50,510,400,000
Strike 121 has a total call value of 1,704,800,000 versus a total put value of 44,364,800,000 Combined total value = 46,069,600,000
Strike 122 has a total call value of 2,053,600,000 versus a total put value of 39,624,000,000 Combined total value = 41,677,600,000
Strike 122.5 has a total call value of 2,238,000,000 versus a total put value of 37,296,000,000 Combined total value = 39,534,000,000
Strike 123 has a total call value of 2,422,400,000 versus a total put value of 35,014,800,000 Combined total value = 37,437,200,000
Strike 124 has a total call value of 2,811,200,000 versus a total put value of 30,540,400,000 Combined total value = 33,351,600,000
Strike 125 has a total call value of 3,246,400,000 versus a total put value of 26,150,000,000 Combined total value = 29,396,400,000
Strike 126 has a total call value of 3,957,600,000 versus a total put value of 22,536,400,000 Combined total value = 26,494,000,000
Strike 127 has a total call value of 4,745,600,000 versus a total put value of 19,068,400,000 Combined total value = 23,814,000,000
Strike 127.5 has a total call value of 5,184,000,000 versus a total put value of 17,473,600,000 Combined total value = 22,657,600,000
Strike 128 has a total call value of 5,635,600,000 versus a total put value of 15,909,200,000 Combined total value = 21,544,800,000
Strike 129 has a total call value of 6,824,400,000 versus a total put value of 13,072,400,000 Combined total value = 19,896,800,000
Strike 130 has a total call value of 8,147,600,000 versus a total put value of 10,358,800,000 Combined total value = 18,506,400,000
Strike 131 has a total call value of 10,729,200,000 versus a total put value of 8,506,000,000 Combined total value = 19,235,200,000
Strike 132 has a total call value of 13,490,000,000 versus a total put value of 6,800,400,000 Combined total value = 20,290,400,000
Strike 132.5 has a total call value of 15,030,000,000 versus a total put value of 6,041,200,000 Combined total value = 21,071,200,000
Strike 133 has a total call value of 16,626,800,000 versus a total put value of 5,310,000,000 Combined total value = 21,936,800,000
Strike 134 has a total call value of 20,062,000,000 versus a total put value of 4,053,200,000 Combined total value = 24,115,200,000
Strike 135 has a total call value of 23,802,800,000 versus a total put value of 2,796,400,000 Combined total value = 26,599,200,000
Strike 136 has a total call value of 29,286,000,000 versus a total put value of 2,206,800,000 Combined total value = 31,492,800,000
Strike 137 has a total call value of 35,117,200,000 versus a total put value of 1,617,200,000 Combined total value = 36,734,400,000
Strike 137.5 has a total call value of 38,231,200,000 versus a total put value of 1,404,000,000 Combined total value = 39,635,200,000
Strike 138 has a total call value of 41,408,000,000 versus a total put value of 1,218,800,000 Combined total value = 42,626,800,000
Strike 139 has a total call value of 48,012,800,000 versus a total put value of 848,400,000 Combined total value = 48,861,200,000
Strike 140 has a total call value of 54,753,600,000 versus a total put value of 478,000,000 Combined total value = 55,231,600,000
Strike 141 has a total call value of 63,804,800,000 versus a total put value of 408,400,000 Combined total value = 64,213,200,000
Strike 142 has a total call value of 72,856,000,000 versus a total put value of 338,800,000 Combined total value = 73,194,800,000
Strike 142.5 has a total call value of 77,504,800,000 versus a total put value of 304,000,000 Combined total value = 77,808,800,000
Strike 143 has a total call value of 82,207,600,000 versus a total put value of 272,800,000 Combined total value = 82,480,400,000
Strike 144 has a total call value of 91,613,200,000 versus a total put value of 210,400,000 Combined total value = 91,823,600,000
Strike 145 has a total call value of 101,130,800,000 versus a total put value of 148,000,000 Combined total value = 101,278,800,000
Strike 147 has a total call value of 121,986,800,000 versus a total put value of 80,800,000 Combined total value = 122,067,600,000
Strike 147.5 has a total call value of 127,200,800,000 versus a total put value of 64,000,000 Combined total value = 127,264,800,000
Strike 148 has a total call value of 132,456,400,000 versus a total put value of 51,200,000 Combined total value = 132,507,600,000
Strike 149 has a total call value of 143,330,800,000 versus a total put value of 25,600,000 Combined total value = 143,356,400,000
Strike 150 has a total call value of 154,205,200,000 versus a total put value of 0 Combined total value = 154,205,200,000
Strike 151 has a total call value of 166,103,600,000 versus a total put value of 0 Combined total value = 166,103,600,000
Strike 152 has a total call value of 178,002,000,000 versus a total put value of 0 Combined total value = 178,002,000,000
Strike 152.5 has a total call value of 183,951,200,000 versus a total put value of 0 Combined total value = 183,951,200,000
Strike 155 has a total call value of 213,697,200,000 versus a total put value of 0 Combined total value = 213,697,200,000
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.