RBLBANK
Rbl Bank Limited
Max pain for RBLBANK
16 Sep 2024 04:11 PM IST
Max Pain for RBLBANK is 220
Strike 190 has a total call value of 0 versus a total put value of 24,480,000,000 Combined total value = 24,480,000,000
Strike 195 has a total call value of 28,750,000 versus a total put value of 19,598,750,000 Combined total value = 19,627,500,000
Strike 200 has a total call value of 60,000,000 versus a total put value of 14,873,750,000 Combined total value = 14,933,750,000
Strike 205 has a total call value of 91,250,000 versus a total put value of 11,300,000,000 Combined total value = 11,391,250,000
Strike 210 has a total call value of 122,500,000 versus a total put value of 7,845,000,000 Combined total value = 7,967,500,000
Strike 215 has a total call value of 448,750,000 versus a total put value of 5,405,000,000 Combined total value = 5,853,750,000
Strike 220 has a total call value of 930,000,000 versus a total put value of 3,357,500,000 Combined total value = 4,287,500,000
Strike 225 has a total call value of 2,186,250,000 versus a total put value of 2,211,250,000 Combined total value = 4,397,500,000
Strike 230 has a total call value of 3,910,000,000 versus a total put value of 1,362,500,000 Combined total value = 5,272,500,000
Strike 235 has a total call value of 6,951,250,000 versus a total put value of 1,215,000,000 Combined total value = 8,166,250,000
Strike 240 has a total call value of 10,451,250,000 versus a total put value of 1,067,500,000 Combined total value = 11,518,750,000
Strike 245 has a total call value of 14,793,750,000 versus a total put value of 920,000,000 Combined total value = 15,713,750,000
Strike 250 has a total call value of 19,136,250,000 versus a total put value of 772,500,000 Combined total value = 19,908,750,000
Strike 255 has a total call value of 24,421,250,000 versus a total put value of 625,000,000 Combined total value = 25,046,250,000
Strike 260 has a total call value of 29,706,250,000 versus a total put value of 477,500,000 Combined total value = 30,183,750,000
Strike 265 has a total call value of 35,471,250,000 versus a total put value of 330,000,000 Combined total value = 35,801,250,000
Strike 270 has a total call value of 41,236,250,000 versus a total put value of 182,500,000 Combined total value = 41,418,750,000
Strike 275 has a total call value of 47,001,250,000 versus a total put value of 127,500,000 Combined total value = 47,128,750,000
Strike 280 has a total call value of 52,766,250,000 versus a total put value of 72,500,000 Combined total value = 52,838,750,000
Strike 285 has a total call value of 58,592,500,000 versus a total put value of 52,500,000 Combined total value = 58,645,000,000
Strike 290 has a total call value of 64,418,750,000 versus a total put value of 32,500,000 Combined total value = 64,451,250,000
Strike 295 has a total call value of 70,245,000,000 versus a total put value of 16,250,000 Combined total value = 70,261,250,000
Strike 300 has a total call value of 76,071,250,000 versus a total put value of 0 Combined total value = 76,071,250,000
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.