POWERGRID
POWER GRID CORP. LTD.
Max pain for POWERGRID
29 Nov 2023 04:17 PM IST
Max Pain for POWERGRID is 207
Strike 180 has a total call value of 0 versus a total put value of 21,279,330,000 Combined total value = 21,279,330,000
Strike 181 has a total call value of 0 versus a total put value of 20,286,450,000 Combined total value = 20,286,450,000
Strike 181.9 has a total call value of 0 versus a total put value of 19,392,858,000 Combined total value = 19,392,858,000
Strike 182 has a total call value of 0 versus a total put value of 19,293,570,000 Combined total value = 19,293,570,000
Strike 182.5 has a total call value of 0 versus a total put value of 18,797,130,000 Combined total value = 18,797,130,000
Strike 183 has a total call value of 0 versus a total put value of 18,300,690,000 Combined total value = 18,300,690,000
Strike 183.75 has a total call value of 0 versus a total put value of 17,556,030,000 Combined total value = 17,556,030,000
Strike 184 has a total call value of 0 versus a total put value of 17,307,810,000 Combined total value = 17,307,810,000
Strike 185 has a total call value of 0 versus a total put value of 16,314,930,000 Combined total value = 16,314,930,000
Strike 185.65 has a total call value of 0 versus a total put value of 15,669,558,000 Combined total value = 15,669,558,000
Strike 186 has a total call value of 0 versus a total put value of 15,322,050,000 Combined total value = 15,322,050,000
Strike 187 has a total call value of 0 versus a total put value of 14,329,170,000 Combined total value = 14,329,170,000
Strike 187.5 has a total call value of 0 versus a total put value of 13,836,150,000 Combined total value = 13,836,150,000
Strike 188 has a total call value of 0 versus a total put value of 13,343,130,000 Combined total value = 13,343,130,000
Strike 189 has a total call value of 0 versus a total put value of 12,365,010,000 Combined total value = 12,365,010,000
Strike 189.4 has a total call value of 0 versus a total put value of 11,975,922,000 Combined total value = 11,975,922,000
Strike 190 has a total call value of 0 versus a total put value of 11,394,666,000 Combined total value = 11,394,666,000
Strike 191 has a total call value of 33,120,000 versus a total put value of 10,624,266,000 Combined total value = 10,657,386,000
Strike 191.25 has a total call value of 41,400,000 versus a total put value of 10,431,666,000 Combined total value = 10,473,066,000
Strike 192 has a total call value of 66,240,000 versus a total put value of 9,853,866,000 Combined total value = 9,920,106,000
Strike 192.5 has a total call value of 82,800,000 versus a total put value of 9,468,666,000 Combined total value = 9,551,466,000
Strike 193 has a total call value of 99,360,000 versus a total put value of 9,083,466,000 Combined total value = 9,182,826,000
Strike 193.15 has a total call value of 104,328,000 versus a total put value of 8,967,906,000 Combined total value = 9,072,234,000
Strike 194 has a total call value of 132,480,000 versus a total put value of 8,313,066,000 Combined total value = 8,445,546,000
Strike 195 has a total call value of 165,600,000 versus a total put value of 7,542,666,000 Combined total value = 7,708,266,000
Strike 196 has a total call value of 234,360,000 versus a total put value of 6,833,106,000 Combined total value = 7,067,466,000
Strike 196.9 has a total call value of 296,244,000 versus a total put value of 6,200,010,000 Combined total value = 6,496,254,000
Strike 197 has a total call value of 303,120,000 versus a total put value of 6,130,062,000 Combined total value = 6,433,182,000
Strike 197.5 has a total call value of 337,500,000 versus a total put value of 5,786,442,000 Combined total value = 6,123,942,000
Strike 198 has a total call value of 371,880,000 versus a total put value of 5,442,822,000 Combined total value = 5,814,702,000
Strike 198.75 has a total call value of 423,450,000 versus a total put value of 4,934,412,000 Combined total value = 5,357,862,000
Strike 199 has a total call value of 440,640,000 versus a total put value of 4,766,472,000 Combined total value = 5,207,112,000
Strike 200 has a total call value of 509,400,000 versus a total put value of 4,107,672,000 Combined total value = 4,617,072,000
Strike 200.65 has a total call value of 622,890,000 versus a total put value of 3,777,498,000 Combined total value = 4,400,388,000
Strike 201 has a total call value of 684,000,000 versus a total put value of 3,604,122,000 Combined total value = 4,288,122,000
Strike 202 has a total call value of 858,600,000 versus a total put value of 3,119,202,000 Combined total value = 3,977,802,000
Strike 202.5 has a total call value of 962,640,000 versus a total put value of 2,883,222,000 Combined total value = 3,845,862,000
Strike 203 has a total call value of 1,066,680,000 versus a total put value of 2,647,242,000 Combined total value = 3,713,922,000
Strike 204 has a total call value of 1,274,760,000 versus a total put value of 2,189,682,000 Combined total value = 3,464,442,000
Strike 204.4 has a total call value of 1,367,208,000 versus a total put value of 2,025,378,000 Combined total value = 3,392,586,000
Strike 205 has a total call value of 1,505,880,000 versus a total put value of 1,783,242,000 Combined total value = 3,289,122,000
Strike 206 has a total call value of 1,772,640,000 versus a total put value of 1,447,722,000 Combined total value = 3,220,362,000
Strike 206.25 has a total call value of 1,843,830,000 versus a total put value of 1,367,982,000 Combined total value = 3,211,812,000
Strike 207 has a total call value of 2,057,400,000 versus a total put value of 1,134,432,000 Combined total value = 3,191,832,000
Strike 207.5 has a total call value of 2,208,420,000 versus a total put value of 996,552,000 Combined total value = 3,204,972,000
Strike 208 has a total call value of 2,365,020,000 versus a total put value of 863,892,000 Combined total value = 3,228,912,000
Strike 208.15 has a total call value of 2,414,376,000 versus a total put value of 827,334,000 Combined total value = 3,241,710,000
Strike 209 has a total call value of 2,701,098,000 versus a total put value of 628,128,000 Combined total value = 3,329,226,000
Strike 210 has a total call value of 3,063,258,000 versus a total put value of 423,648,000 Combined total value = 3,486,906,000
Strike 211 has a total call value of 3,626,298,000 versus a total put value of 310,248,000 Combined total value = 3,936,546,000
Strike 211.9 has a total call value of 4,180,338,000 versus a total put value of 224,712,000 Combined total value = 4,405,050,000
Strike 212 has a total call value of 4,244,526,000 versus a total put value of 216,576,000 Combined total value = 4,461,102,000
Strike 212.5 has a total call value of 4,611,186,000 versus a total put value of 183,456,000 Combined total value = 4,794,642,000
Strike 213 has a total call value of 4,995,126,000 versus a total put value of 155,736,000 Combined total value = 5,150,862,000
Strike 213.75 has a total call value of 5,605,596,000 versus a total put value of 120,366,000 Combined total value = 5,725,962,000
Strike 214 has a total call value of 5,812,866,000 versus a total put value of 109,836,000 Combined total value = 5,922,702,000
Strike 215 has a total call value of 6,664,626,000 versus a total put value of 71,676,000 Combined total value = 6,736,302,000
Strike 215.65 has a total call value of 7,364,988,000 versus a total put value of 59,508,000 Combined total value = 7,424,496,000
Strike 216 has a total call value of 7,744,500,000 versus a total put value of 54,720,000 Combined total value = 7,799,220,000
Strike 217 has a total call value of 8,862,300,000 versus a total put value of 41,040,000 Combined total value = 8,903,340,000
Strike 217.5 has a total call value of 9,437,040,000 versus a total put value of 34,200,000 Combined total value = 9,471,240,000
Strike 218 has a total call value of 10,018,080,000 versus a total put value of 27,360,000 Combined total value = 10,045,440,000
Strike 219 has a total call value of 11,198,520,000 versus a total put value of 13,680,000 Combined total value = 11,212,200,000
Strike 219.4 has a total call value of 11,680,056,000 versus a total put value of 8,208,000 Combined total value = 11,688,264,000
Strike 220 has a total call value of 12,402,360,000 versus a total put value of 0 Combined total value = 12,402,360,000
Strike 221 has a total call value of 13,772,880,000 versus a total put value of 0 Combined total value = 13,772,880,000
Strike 221.25 has a total call value of 14,124,690,000 versus a total put value of 0 Combined total value = 14,124,690,000
Strike 222 has a total call value of 15,180,120,000 versus a total put value of 0 Combined total value = 15,180,120,000
Strike 222.5 has a total call value of 15,883,740,000 versus a total put value of 0 Combined total value = 15,883,740,000
Strike 223 has a total call value of 16,587,360,000 versus a total put value of 0 Combined total value = 16,587,360,000
Strike 223.15 has a total call value of 16,798,446,000 versus a total put value of 0 Combined total value = 16,798,446,000
Strike 224 has a total call value of 17,994,600,000 versus a total put value of 0 Combined total value = 17,994,600,000
Strike 225 has a total call value of 19,401,840,000 versus a total put value of 0 Combined total value = 19,401,840,000
Strike 226.9 has a total call value of 22,213,080,000 versus a total put value of 0 Combined total value = 22,213,080,000
Strike 227.5 has a total call value of 23,100,840,000 versus a total put value of 0 Combined total value = 23,100,840,000
Strike 230 has a total call value of 26,824,140,000 versus a total put value of 0 Combined total value = 26,824,140,000
Max Pain - Choose a symbol
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H
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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.