POLYCAB
POLYCAB INDIA LIMITED
Max pain for POLYCAB
04 Jul 2024 11:51 AM IST
Max Pain for POLYCAB is 6700
Strike 5500 has a total call value of 0 versus a total put value of 108,091,875,000 Combined total value = 108,091,875,000
Strike 5550 has a total call value of 16,250,000 versus a total put value of 102,178,125,000 Combined total value = 102,194,375,000
Strike 5600 has a total call value of 32,500,000 versus a total put value of 96,264,375,000 Combined total value = 96,296,875,000
Strike 5650 has a total call value of 48,750,000 versus a total put value of 90,350,625,000 Combined total value = 90,399,375,000
Strike 5700 has a total call value of 65,000,000 versus a total put value of 84,436,875,000 Combined total value = 84,501,875,000
Strike 5750 has a total call value of 81,250,000 versus a total put value of 78,541,250,000 Combined total value = 78,622,500,000
Strike 5800 has a total call value of 97,500,000 versus a total put value of 72,645,625,000 Combined total value = 72,743,125,000
Strike 5850 has a total call value of 113,750,000 versus a total put value of 66,802,500,000 Combined total value = 66,916,250,000
Strike 5900 has a total call value of 130,000,000 versus a total put value of 60,959,375,000 Combined total value = 61,089,375,000
Strike 5950 has a total call value of 146,250,000 versus a total put value of 55,223,750,000 Combined total value = 55,370,000,000
Strike 6000 has a total call value of 162,500,000 versus a total put value of 49,488,125,000 Combined total value = 49,650,625,000
Strike 6050 has a total call value of 289,375,000 versus a total put value of 44,924,375,000 Combined total value = 45,213,750,000
Strike 6100 has a total call value of 416,250,000 versus a total put value of 40,360,625,000 Combined total value = 40,776,875,000
Strike 6150 has a total call value of 543,125,000 versus a total put value of 36,268,125,000 Combined total value = 36,811,250,000
Strike 6200 has a total call value of 670,000,000 versus a total put value of 32,175,625,000 Combined total value = 32,845,625,000
Strike 6250 has a total call value of 796,875,000 versus a total put value of 28,589,375,000 Combined total value = 29,386,250,000
Strike 6300 has a total call value of 923,750,000 versus a total put value of 25,029,375,000 Combined total value = 25,953,125,000
Strike 6350 has a total call value of 1,050,625,000 versus a total put value of 21,788,750,000 Combined total value = 22,839,375,000
Strike 6400 has a total call value of 1,177,500,000 versus a total put value of 18,548,125,000 Combined total value = 19,725,625,000
Strike 6450 has a total call value of 1,318,125,000 versus a total put value of 15,586,875,000 Combined total value = 16,905,000,000
Strike 6500 has a total call value of 1,458,750,000 versus a total put value of 12,646,250,000 Combined total value = 14,105,000,000
Strike 6550 has a total call value of 1,905,625,000 versus a total put value of 10,341,250,000 Combined total value = 12,246,875,000
Strike 6600 has a total call value of 2,376,250,000 versus a total put value of 8,067,500,000 Combined total value = 10,443,750,000
Strike 6650 has a total call value of 3,073,750,000 versus a total put value of 6,115,000,000 Combined total value = 9,188,750,000
Strike 6700 has a total call value of 3,884,375,000 versus a total put value of 4,210,000,000 Combined total value = 8,094,375,000
Strike 6750 has a total call value of 5,393,750,000 versus a total put value of 2,898,125,000 Combined total value = 8,291,875,000
Strike 6800 has a total call value of 7,248,125,000 versus a total put value of 1,723,750,000 Combined total value = 8,971,875,000
Strike 6850 has a total call value of 10,138,125,000 versus a total put value of 1,281,250,000 Combined total value = 11,419,375,000
Strike 6900 has a total call value of 13,141,875,000 versus a total put value of 838,750,000 Combined total value = 13,980,625,000
Strike 6950 has a total call value of 16,475,625,000 versus a total put value of 500,625,000 Combined total value = 16,976,250,000
Strike 7000 has a total call value of 19,858,125,000 versus a total put value of 162,500,000 Combined total value = 20,020,625,000
Strike 7050 has a total call value of 24,606,250,000 versus a total put value of 154,375,000 Combined total value = 24,760,625,000
Strike 7100 has a total call value of 29,382,500,000 versus a total put value of 146,250,000 Combined total value = 29,528,750,000
Strike 7150 has a total call value of 34,496,875,000 versus a total put value of 138,125,000 Combined total value = 34,635,000,000
Strike 7200 has a total call value of 39,660,000,000 versus a total put value of 130,000,000 Combined total value = 39,790,000,000
Strike 7250 has a total call value of 45,701,250,000 versus a total put value of 121,875,000 Combined total value = 45,823,125,000
Strike 7300 has a total call value of 51,803,125,000 versus a total put value of 113,750,000 Combined total value = 51,916,875,000
Strike 7350 has a total call value of 58,675,625,000 versus a total put value of 105,625,000 Combined total value = 58,781,250,000
Strike 7400 has a total call value of 65,613,750,000 versus a total put value of 97,500,000 Combined total value = 65,711,250,000
Strike 7450 has a total call value of 72,907,500,000 versus a total put value of 89,375,000 Combined total value = 72,996,875,000
Strike 7500 has a total call value of 80,201,250,000 versus a total put value of 81,250,000 Combined total value = 80,282,500,000
Strike 7550 has a total call value of 88,321,875,000 versus a total put value of 73,125,000 Combined total value = 88,395,000,000
Strike 7600 has a total call value of 96,442,500,000 versus a total put value of 65,000,000 Combined total value = 96,507,500,000
Strike 7650 has a total call value of 104,701,250,000 versus a total put value of 56,875,000 Combined total value = 104,758,125,000
Strike 7700 has a total call value of 112,960,625,000 versus a total put value of 48,750,000 Combined total value = 113,009,375,000
Strike 7750 has a total call value of 121,375,000,000 versus a total put value of 40,625,000 Combined total value = 121,415,625,000
Strike 7800 has a total call value of 129,789,375,000 versus a total put value of 32,500,000 Combined total value = 129,821,875,000
Strike 7850 has a total call value of 138,297,500,000 versus a total put value of 24,375,000 Combined total value = 138,321,875,000
Strike 7900 has a total call value of 146,805,625,000 versus a total put value of 16,250,000 Combined total value = 146,821,875,000
Strike 7950 has a total call value of 155,369,375,000 versus a total put value of 8,125,000 Combined total value = 155,377,500,000
Strike 8000 has a total call value of 163,933,125,000 versus a total put value of 0 Combined total value = 163,933,125,000
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.