RECLTD
REC LIMITED
Max pain for RECLTD
02 Jul 2024 10:23 AM IST
Max Pain for RECLTD is 540
Strike 360 has a total call value of 0 versus a total put value of 241,908,000,000 Combined total value = 241,908,000,000
Strike 370 has a total call value of 0 versus a total put value of 225,452,000,000 Combined total value = 225,452,000,000
Strike 380 has a total call value of 0 versus a total put value of 208,996,000,000 Combined total value = 208,996,000,000
Strike 390 has a total call value of 0 versus a total put value of 192,540,000,000 Combined total value = 192,540,000,000
Strike 400 has a total call value of 0 versus a total put value of 176,084,000,000 Combined total value = 176,084,000,000
Strike 410 has a total call value of 0 versus a total put value of 159,976,000,000 Combined total value = 159,976,000,000
Strike 420 has a total call value of 0 versus a total put value of 143,872,000,000 Combined total value = 143,872,000,000
Strike 430 has a total call value of 0 versus a total put value of 127,780,000,000 Combined total value = 127,780,000,000
Strike 440 has a total call value of 0 versus a total put value of 112,010,000,000 Combined total value = 112,010,000,000
Strike 450 has a total call value of 0 versus a total put value of 96,496,000,000 Combined total value = 96,496,000,000
Strike 460 has a total call value of 160,000,000 versus a total put value of 82,820,000,000 Combined total value = 82,980,000,000
Strike 470 has a total call value of 356,000,000 versus a total put value of 69,670,000,000 Combined total value = 70,026,000,000
Strike 480 has a total call value of 564,000,000 versus a total put value of 57,050,000,000 Combined total value = 57,614,000,000
Strike 490 has a total call value of 874,000,000 versus a total put value of 45,630,000,000 Combined total value = 46,504,000,000
Strike 500 has a total call value of 1,230,000,000 versus a total put value of 34,746,000,000 Combined total value = 35,976,000,000
Strike 510 has a total call value of 2,308,000,000 versus a total put value of 25,956,000,000 Combined total value = 28,264,000,000
Strike 520 has a total call value of 3,742,000,000 versus a total put value of 18,060,000,000 Combined total value = 21,802,000,000
Strike 530 has a total call value of 6,358,000,000 versus a total put value of 11,992,000,000 Combined total value = 18,350,000,000
Strike 540 has a total call value of 10,916,000,000 versus a total put value of 7,402,000,000 Combined total value = 18,318,000,000
Strike 550 has a total call value of 17,316,000,000 versus a total put value of 4,018,000,000 Combined total value = 21,334,000,000
Strike 560 has a total call value of 28,586,000,000 versus a total put value of 2,686,000,000 Combined total value = 31,272,000,000
Strike 570 has a total call value of 42,430,000,000 versus a total put value of 1,814,000,000 Combined total value = 44,244,000,000
Strike 580 has a total call value of 57,578,000,000 versus a total put value of 1,186,000,000 Combined total value = 58,764,000,000
Strike 590 has a total call value of 74,232,000,000 versus a total put value of 692,000,000 Combined total value = 74,924,000,000
Strike 600 has a total call value of 91,642,000,000 versus a total put value of 228,000,000 Combined total value = 91,870,000,000
Strike 610 has a total call value of 114,192,000,000 versus a total put value of 172,000,000 Combined total value = 114,364,000,000
Strike 620 has a total call value of 137,450,000,000 versus a total put value of 120,000,000 Combined total value = 137,570,000,000
Strike 630 has a total call value of 161,850,000,000 versus a total put value of 68,000,000 Combined total value = 161,918,000,000
Strike 640 has a total call value of 187,022,000,000 versus a total put value of 34,000,000 Combined total value = 187,056,000,000
Strike 650 has a total call value of 212,670,000,000 versus a total put value of 0 Combined total value = 212,670,000,000
Strike 660 has a total call value of 239,262,000,000 versus a total put value of 0 Combined total value = 239,262,000,000
Strike 670 has a total call value of 266,148,000,000 versus a total put value of 0 Combined total value = 266,148,000,000
Strike 680 has a total call value of 293,132,000,000 versus a total put value of 0 Combined total value = 293,132,000,000
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.