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PNB
PUNJAB NATIONAL BANK

124.4 1.65 (1.34%)


Strike  100  has a total call value of 0  versus a total put value of  59,851,200,000 Combined total value = 59,851,200,000

Strike  101  has a total call value of 0  versus a total put value of  56,908,000,000 Combined total value = 56,908,000,000

Strike  102  has a total call value of 22,400,000  versus a total put value of  53,982,400,000 Combined total value = 54,004,800,000

Strike  103  has a total call value of 44,800,000  versus a total put value of  51,056,800,000 Combined total value = 51,101,600,000

Strike  104  has a total call value of 67,200,000  versus a total put value of  48,132,000,000 Combined total value = 48,199,200,000

Strike  105  has a total call value of 89,600,000  versus a total put value of  45,207,200,000 Combined total value = 45,296,800,000

Strike  106  has a total call value of 132,000,000  versus a total put value of  42,350,400,000 Combined total value = 42,482,400,000

Strike  107  has a total call value of 174,400,000  versus a total put value of  39,493,600,000 Combined total value = 39,668,000,000

Strike  108  has a total call value of 216,800,000  versus a total put value of  36,636,800,000 Combined total value = 36,853,600,000

Strike  109  has a total call value of 259,200,000  versus a total put value of  33,780,000,000 Combined total value = 34,039,200,000

Strike  110  has a total call value of 301,600,000  versus a total put value of  30,925,600,000 Combined total value = 31,227,200,000

Strike  111  has a total call value of 417,600,000  versus a total put value of  28,421,600,000 Combined total value = 28,839,200,000

Strike  112  has a total call value of 533,600,000  versus a total put value of  25,923,200,000 Combined total value = 26,456,800,000

Strike  113  has a total call value of 649,600,000  versus a total put value of  23,472,800,000 Combined total value = 24,122,400,000

Strike  114  has a total call value of 765,600,000  versus a total put value of  21,053,600,000 Combined total value = 21,819,200,000

Strike  115  has a total call value of 881,600,000  versus a total put value of  18,662,400,000 Combined total value = 19,544,000,000

Strike  116  has a total call value of 1,095,200,000  versus a total put value of  16,700,000,000 Combined total value = 17,795,200,000

Strike  117  has a total call value of 1,317,600,000  versus a total put value of  14,766,400,000 Combined total value = 16,084,000,000

Strike  118  has a total call value of 1,553,600,000  versus a total put value of  12,848,800,000 Combined total value = 14,402,400,000

Strike  119  has a total call value of 1,825,600,000  versus a total put value of  10,977,600,000 Combined total value = 12,803,200,000

Strike  120  has a total call value of 2,097,600,000  versus a total put value of  9,122,400,000 Combined total value = 11,220,000,000

Strike  121  has a total call value of 3,008,800,000  versus a total put value of  7,956,800,000 Combined total value = 10,965,600,000

Strike  122  has a total call value of 3,942,400,000  versus a total put value of  6,826,400,000 Combined total value = 10,768,800,000

Strike  123  has a total call value of 4,920,800,000  versus a total put value of  5,755,200,000 Combined total value = 10,676,000,000

Strike  124  has a total call value of 5,957,600,000  versus a total put value of  4,740,000,000 Combined total value = 10,697,600,000

Strike  125  has a total call value of 7,136,000,000  versus a total put value of  3,798,400,000 Combined total value = 10,934,400,000

Strike  126  has a total call value of 8,945,600,000  versus a total put value of  3,210,400,000 Combined total value = 12,156,000,000

Strike  127  has a total call value of 10,806,400,000  versus a total put value of  2,679,200,000 Combined total value = 13,485,600,000

Strike  128  has a total call value of 12,733,600,000  versus a total put value of  2,170,400,000 Combined total value = 14,904,000,000

Strike  129  has a total call value of 14,714,400,000  versus a total put value of  1,673,600,000 Combined total value = 16,388,000,000

Strike  130  has a total call value of 16,725,600,000  versus a total put value of  1,186,400,000 Combined total value = 17,912,000,000

Strike  131  has a total call value of 19,726,400,000  versus a total put value of  976,000,000 Combined total value = 20,702,400,000

Strike  132  has a total call value of 22,731,200,000  versus a total put value of  765,600,000 Combined total value = 23,496,800,000

Strike  133  has a total call value of 25,797,600,000  versus a total put value of  562,400,000 Combined total value = 26,360,000,000

Strike  134  has a total call value of 28,868,000,000  versus a total put value of  359,200,000 Combined total value = 29,227,200,000

Strike  135  has a total call value of 31,945,600,000  versus a total put value of  156,000,000 Combined total value = 32,101,600,000

Strike  136  has a total call value of 35,440,000,000  versus a total put value of  124,800,000 Combined total value = 35,564,800,000

Strike  137  has a total call value of 38,962,400,000  versus a total put value of  93,600,000 Combined total value = 39,056,000,000

Strike  138  has a total call value of 42,493,600,000  versus a total put value of  62,400,000 Combined total value = 42,556,000,000

Strike  139  has a total call value of 46,036,800,000  versus a total put value of  31,200,000 Combined total value = 46,068,000,000

Strike  140  has a total call value of 49,588,800,000  versus a total put value of  0 Combined total value = 49,588,800,000

Strike  141  has a total call value of 53,564,000,000  versus a total put value of  0 Combined total value = 53,564,000,000

Strike  142  has a total call value of 57,539,200,000  versus a total put value of  0 Combined total value = 57,539,200,000

Strike  143  has a total call value of 61,524,800,000  versus a total put value of  0 Combined total value = 61,524,800,000

Strike  144  has a total call value of 65,510,400,000  versus a total put value of  0 Combined total value = 65,510,400,000

Strike  145  has a total call value of 69,526,400,000  versus a total put value of  0 Combined total value = 69,526,400,000

Strike  146  has a total call value of 73,542,400,000  versus a total put value of  0 Combined total value = 73,542,400,000

Strike  147  has a total call value of 77,558,400,000  versus a total put value of  0 Combined total value = 77,558,400,000

Strike  148  has a total call value of 81,574,400,000  versus a total put value of  0 Combined total value = 81,574,400,000

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.