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RECLTD
REC LIMITED

537.35 1.15 (0.21%)

Max pain for RECLTD

23 May 2024 04:07 PM IST

Max Pain for RECLTD is 530  



Strike  360  has a total call value of 0  versus a total put value of  279,012,000,000 Combined total value = 279,012,000,000

Strike  370  has a total call value of 0  versus a total put value of  258,904,000,000 Combined total value = 258,904,000,000

Strike  380  has a total call value of 0  versus a total put value of  238,796,000,000 Combined total value = 238,796,000,000

Strike  390  has a total call value of 8,000,000  versus a total put value of  219,008,000,000 Combined total value = 219,016,000,000

Strike  400  has a total call value of 16,000,000  versus a total put value of  199,220,000,000 Combined total value = 199,236,000,000

Strike  410  has a total call value of 242,000,000  versus a total put value of  180,444,000,000 Combined total value = 180,686,000,000

Strike  420  has a total call value of 496,000,000  versus a total put value of  161,874,000,000 Combined total value = 162,370,000,000

Strike  430  has a total call value of 750,000,000  versus a total put value of  143,728,000,000 Combined total value = 144,478,000,000

Strike  440  has a total call value of 1,162,000,000  versus a total put value of  125,944,000,000 Combined total value = 127,106,000,000

Strike  450  has a total call value of 1,782,000,000  versus a total put value of  108,834,000,000 Combined total value = 110,616,000,000

Strike  460  has a total call value of 2,792,000,000  versus a total put value of  92,834,000,000 Combined total value = 95,626,000,000

Strike  470  has a total call value of 4,184,000,000  versus a total put value of  77,694,000,000 Combined total value = 81,878,000,000

Strike  480  has a total call value of 5,976,000,000  versus a total put value of  63,280,000,000 Combined total value = 69,256,000,000

Strike  490  has a total call value of 8,160,000,000  versus a total put value of  50,030,000,000 Combined total value = 58,190,000,000

Strike  500  has a total call value of 10,690,000,000  versus a total put value of  37,644,000,000 Combined total value = 48,334,000,000

Strike  510  has a total call value of 14,210,000,000  versus a total put value of  27,176,000,000 Combined total value = 41,386,000,000

Strike  520  has a total call value of 18,270,000,000  versus a total put value of  17,844,000,000 Combined total value = 36,114,000,000

Strike  530  has a total call value of 23,662,000,000  versus a total put value of  10,578,000,000 Combined total value = 34,240,000,000

Strike  540  has a total call value of 30,784,000,000  versus a total put value of  5,402,000,000 Combined total value = 36,186,000,000

Strike  550  has a total call value of 41,674,000,000  versus a total put value of  2,356,000,000 Combined total value = 44,030,000,000

Strike  560  has a total call value of 58,300,000,000  versus a total put value of  1,084,000,000 Combined total value = 59,384,000,000

Strike  570  has a total call value of 78,688,000,000  versus a total put value of  408,000,000 Combined total value = 79,096,000,000

Strike  580  has a total call value of 101,634,000,000  versus a total put value of  200,000,000 Combined total value = 101,834,000,000

Strike  590  has a total call value of 126,510,000,000  versus a total put value of  66,000,000 Combined total value = 126,576,000,000

Strike  600  has a total call value of 152,484,000,000  versus a total put value of  0 Combined total value = 152,484,000,000

Strike  610  has a total call value of 183,144,000,000  versus a total put value of  0 Combined total value = 183,144,000,000

Strike  620  has a total call value of 214,452,000,000  versus a total put value of  0 Combined total value = 214,452,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.