RECLTD
REC LIMITED
Max pain for RECLTD
18 Apr 2024 06:53 PM IST
Max Pain for RECLTD is 450
Strike 360 has a total call value of 0 versus a total put value of 118,266,000,000 Combined total value = 118,266,000,000
Strike 370 has a total call value of 0 versus a total put value of 102,894,000,000 Combined total value = 102,894,000,000
Strike 380 has a total call value of 0 versus a total put value of 87,522,000,000 Combined total value = 87,522,000,000
Strike 390 has a total call value of 0 versus a total put value of 72,746,000,000 Combined total value = 72,746,000,000
Strike 400 has a total call value of 0 versus a total put value of 58,504,000,000 Combined total value = 58,504,000,000
Strike 410 has a total call value of 272,000,000 versus a total put value of 46,292,000,000 Combined total value = 46,564,000,000
Strike 420 has a total call value of 594,000,000 versus a total put value of 35,012,000,000 Combined total value = 35,606,000,000
Strike 430 has a total call value of 1,366,000,000 versus a total put value of 25,636,000,000 Combined total value = 27,002,000,000
Strike 440 has a total call value of 3,642,000,000 versus a total put value of 18,190,000,000 Combined total value = 21,832,000,000
Strike 450 has a total call value of 8,350,000,000 versus a total put value of 12,380,000,000 Combined total value = 20,730,000,000
Strike 460 has a total call value of 17,846,000,000 versus a total put value of 8,066,000,000 Combined total value = 25,912,000,000
Strike 470 has a total call value of 31,554,000,000 versus a total put value of 4,844,000,000 Combined total value = 36,398,000,000
Strike 480 has a total call value of 49,754,000,000 versus a total put value of 2,568,000,000 Combined total value = 52,322,000,000
Strike 490 has a total call value of 73,966,000,000 versus a total put value of 1,110,000,000 Combined total value = 75,076,000,000
Strike 500 has a total call value of 101,326,000,000 versus a total put value of 260,000,000 Combined total value = 101,586,000,000
Strike 510 has a total call value of 132,896,000,000 versus a total put value of 0 Combined total value = 132,896,000,000
Strike 520 has a total call value of 166,274,000,000 versus a total put value of 0 Combined total value = 166,274,000,000
Strike 530 has a total call value of 202,226,000,000 versus a total put value of 0 Combined total value = 202,226,000,000
Strike 540 has a total call value of 238,178,000,000 versus a total put value of 0 Combined total value = 238,178,000,000
Strike 550 has a total call value of 275,622,000,000 versus a total put value of 0 Combined total value = 275,622,000,000
Strike 560 has a total call value of 313,066,000,000 versus a total put value of 0 Combined total value = 313,066,000,000
Strike 570 has a total call value of 350,510,000,000 versus a total put value of 0 Combined total value = 350,510,000,000
Strike 580 has a total call value of 387,954,000,000 versus a total put value of 0 Combined total value = 387,954,000,000
Strike 590 has a total call value of 425,398,000,000 versus a total put value of 0 Combined total value = 425,398,000,000
Strike 600 has a total call value of 462,842,000,000 versus a total put value of 0 Combined total value = 462,842,000,000
Max Pain - Choose a symbol
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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.