RECLTD
REC LIMITED
Max pain for RECLTD
28 Mar 2024 03:58 PM IST
Max Pain for RECLTD is 450
Strike 360 has a total call value of 0 versus a total put value of 72,182,000,000 Combined total value = 72,182,000,000
Strike 370 has a total call value of 118,000,000 versus a total put value of 62,928,000,000 Combined total value = 63,046,000,000
Strike 380 has a total call value of 236,000,000 versus a total put value of 53,674,000,000 Combined total value = 53,910,000,000
Strike 390 has a total call value of 386,000,000 versus a total put value of 44,738,000,000 Combined total value = 45,124,000,000
Strike 400 has a total call value of 538,000,000 versus a total put value of 36,158,000,000 Combined total value = 36,696,000,000
Strike 410 has a total call value of 1,020,000,000 versus a total put value of 29,368,000,000 Combined total value = 30,388,000,000
Strike 420 has a total call value of 1,544,000,000 versus a total put value of 23,074,000,000 Combined total value = 24,618,000,000
Strike 430 has a total call value of 2,512,000,000 versus a total put value of 17,498,000,000 Combined total value = 20,010,000,000
Strike 440 has a total call value of 3,864,000,000 versus a total put value of 12,606,000,000 Combined total value = 16,470,000,000
Strike 450 has a total call value of 5,516,000,000 versus a total put value of 8,510,000,000 Combined total value = 14,026,000,000
Strike 460 has a total call value of 8,854,000,000 versus a total put value of 5,622,000,000 Combined total value = 14,476,000,000
Strike 470 has a total call value of 14,160,000,000 versus a total put value of 3,666,000,000 Combined total value = 17,826,000,000
Strike 480 has a total call value of 20,434,000,000 versus a total put value of 2,108,000,000 Combined total value = 22,542,000,000
Strike 490 has a total call value of 28,378,000,000 versus a total put value of 1,124,000,000 Combined total value = 29,502,000,000
Strike 500 has a total call value of 37,096,000,000 versus a total put value of 544,000,000 Combined total value = 37,640,000,000
Strike 510 has a total call value of 48,086,000,000 versus a total put value of 348,000,000 Combined total value = 48,434,000,000
Strike 520 has a total call value of 59,398,000,000 versus a total put value of 212,000,000 Combined total value = 59,610,000,000
Strike 530 has a total call value of 71,360,000,000 versus a total put value of 106,000,000 Combined total value = 71,466,000,000
Strike 540 has a total call value of 83,322,000,000 versus a total put value of 0 Combined total value = 83,322,000,000
Strike 550 has a total call value of 95,836,000,000 versus a total put value of 0 Combined total value = 95,836,000,000
Strike 560 has a total call value of 108,350,000,000 versus a total put value of 0 Combined total value = 108,350,000,000
Strike 570 has a total call value of 120,864,000,000 versus a total put value of 0 Combined total value = 120,864,000,000
Strike 580 has a total call value of 133,378,000,000 versus a total put value of 0 Combined total value = 133,378,000,000
Strike 590 has a total call value of 145,892,000,000 versus a total put value of 0 Combined total value = 145,892,000,000
Strike 600 has a total call value of 158,406,000,000 versus a total put value of 0 Combined total value = 158,406,000,000
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.