RBLBANK
RBL BANK LIMITED
Max pain for RBLBANK
04 Jul 2024 12:22 PM IST
Max Pain for RBLBANK is 265
Strike 200 has a total call value of 0 versus a total put value of 51,283,750,000 Combined total value = 51,283,750,000
Strike 205 has a total call value of 0 versus a total put value of 46,451,250,000 Combined total value = 46,451,250,000
Strike 210 has a total call value of 0 versus a total put value of 41,618,750,000 Combined total value = 41,618,750,000
Strike 215 has a total call value of 0 versus a total put value of 36,808,750,000 Combined total value = 36,808,750,000
Strike 220 has a total call value of 0 versus a total put value of 31,998,750,000 Combined total value = 31,998,750,000
Strike 225 has a total call value of 2,500,000 versus a total put value of 27,365,000,000 Combined total value = 27,367,500,000
Strike 230 has a total call value of 5,000,000 versus a total put value of 22,781,250,000 Combined total value = 22,786,250,000
Strike 235 has a total call value of 7,500,000 versus a total put value of 18,776,250,000 Combined total value = 18,783,750,000
Strike 240 has a total call value of 10,000,000 versus a total put value of 14,938,750,000 Combined total value = 14,948,750,000
Strike 245 has a total call value of 42,500,000 versus a total put value of 11,540,000,000 Combined total value = 11,582,500,000
Strike 250 has a total call value of 90,000,000 versus a total put value of 8,332,500,000 Combined total value = 8,422,500,000
Strike 255 has a total call value of 222,500,000 versus a total put value of 5,965,000,000 Combined total value = 6,187,500,000
Strike 260 has a total call value of 470,000,000 versus a total put value of 3,820,000,000 Combined total value = 4,290,000,000
Strike 265 has a total call value of 1,396,250,000 versus a total put value of 2,506,250,000 Combined total value = 3,902,500,000
Strike 270 has a total call value of 2,957,500,000 versus a total put value of 1,526,250,000 Combined total value = 4,483,750,000
Strike 275 has a total call value of 6,857,500,000 versus a total put value of 1,036,250,000 Combined total value = 7,893,750,000
Strike 280 has a total call value of 11,250,000,000 versus a total put value of 670,000,000 Combined total value = 11,920,000,000
Strike 285 has a total call value of 16,656,250,000 versus a total put value of 376,250,000 Combined total value = 17,032,500,000
Strike 290 has a total call value of 22,393,750,000 versus a total put value of 196,250,000 Combined total value = 22,590,000,000
Strike 295 has a total call value of 29,167,500,000 versus a total put value of 85,000,000 Combined total value = 29,252,500,000
Strike 300 has a total call value of 36,070,000,000 versus a total put value of 0 Combined total value = 36,070,000,000
Strike 305 has a total call value of 44,535,000,000 versus a total put value of 0 Combined total value = 44,535,000,000
Strike 310 has a total call value of 53,000,000,000 versus a total put value of 0 Combined total value = 53,000,000,000
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.