RBLBANK
RBL BANK LIMITED
Max pain for RBLBANK
26 Jul 2024 04:11 PM IST
Max Pain for RBLBANK is 235
Strike 190 has a total call value of 0 versus a total put value of 48,535,000,000 Combined total value = 48,535,000,000
Strike 195 has a total call value of 0 versus a total put value of 41,550,000,000 Combined total value = 41,550,000,000
Strike 200 has a total call value of 0 versus a total put value of 34,565,000,000 Combined total value = 34,565,000,000
Strike 205 has a total call value of 70,000,000 versus a total put value of 28,130,000,000 Combined total value = 28,200,000,000
Strike 210 has a total call value of 142,500,000 versus a total put value of 21,755,000,000 Combined total value = 21,897,500,000
Strike 215 has a total call value of 255,000,000 versus a total put value of 17,173,750,000 Combined total value = 17,428,750,000
Strike 220 has a total call value of 370,000,000 versus a total put value of 12,815,000,000 Combined total value = 13,185,000,000
Strike 225 has a total call value of 631,250,000 versus a total put value of 9,505,000,000 Combined total value = 10,136,250,000
Strike 230 has a total call value of 963,750,000 versus a total put value of 6,582,500,000 Combined total value = 7,546,250,000
Strike 235 has a total call value of 2,225,000,000 versus a total put value of 4,866,250,000 Combined total value = 7,091,250,000
Strike 240 has a total call value of 3,798,750,000 versus a total put value of 3,347,500,000 Combined total value = 7,146,250,000
Strike 245 has a total call value of 6,485,000,000 versus a total put value of 2,328,750,000 Combined total value = 8,813,750,000
Strike 250 has a total call value of 9,503,750,000 versus a total put value of 1,387,500,000 Combined total value = 10,891,250,000
Strike 255 has a total call value of 13,960,000,000 versus a total put value of 838,750,000 Combined total value = 14,798,750,000
Strike 260 has a total call value of 18,781,250,000 versus a total put value of 508,750,000 Combined total value = 19,290,000,000
Strike 265 has a total call value of 24,316,250,000 versus a total put value of 312,500,000 Combined total value = 24,628,750,000
Strike 270 has a total call value of 29,887,500,000 versus a total put value of 120,000,000 Combined total value = 30,007,500,000
Strike 275 has a total call value of 36,080,000,000 versus a total put value of 77,500,000 Combined total value = 36,157,500,000
Strike 280 has a total call value of 42,292,500,000 versus a total put value of 35,000,000 Combined total value = 42,327,500,000
Strike 285 has a total call value of 48,906,250,000 versus a total put value of 26,250,000 Combined total value = 48,932,500,000
Strike 290 has a total call value of 55,520,000,000 versus a total put value of 17,500,000 Combined total value = 55,537,500,000
Strike 295 has a total call value of 62,133,750,000 versus a total put value of 8,750,000 Combined total value = 62,142,500,000
Strike 300 has a total call value of 68,747,500,000 versus a total put value of 0 Combined total value = 68,747,500,000
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.