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SAIL
STEEL AUTHORITY OF INDIA

153.63 4.00 (2.67%)

Max pain for SAIL

14 Jun 2024 04:07 PM IST

Max Pain for SAIL is 150  



Strike  105  has a total call value of 0  versus a total put value of  105,664,000,000 Combined total value = 105,664,000,000

Strike  107.5  has a total call value of 0  versus a total put value of  99,314,000,000 Combined total value = 99,314,000,000

Strike  110  has a total call value of 0  versus a total put value of  92,964,000,000 Combined total value = 92,964,000,000

Strike  112.5  has a total call value of 0  versus a total put value of  86,776,000,000 Combined total value = 86,776,000,000

Strike  115  has a total call value of 0  versus a total put value of  80,588,000,000 Combined total value = 80,588,000,000

Strike  117.5  has a total call value of 0  versus a total put value of  74,400,000,000 Combined total value = 74,400,000,000

Strike  120  has a total call value of 0  versus a total put value of  68,212,000,000 Combined total value = 68,212,000,000

Strike  122.5  has a total call value of 0  versus a total put value of  62,452,000,000 Combined total value = 62,452,000,000

Strike  125  has a total call value of 0  versus a total put value of  56,692,000,000 Combined total value = 56,692,000,000

Strike  127.5  has a total call value of 0  versus a total put value of  51,200,000,000 Combined total value = 51,200,000,000

Strike  130  has a total call value of 1,000,000  versus a total put value of  45,736,000,000 Combined total value = 45,737,000,000

Strike  132.5  has a total call value of 95,000,000  versus a total put value of  40,817,000,000 Combined total value = 40,912,000,000

Strike  135  has a total call value of 210,000,000  versus a total put value of  35,898,000,000 Combined total value = 36,108,000,000

Strike  137.5  has a total call value of 458,000,000  versus a total put value of  31,671,000,000 Combined total value = 32,129,000,000

Strike  140  has a total call value of 706,000,000  versus a total put value of  27,444,000,000 Combined total value = 28,150,000,000

Strike  142.5  has a total call value of 1,297,000,000  versus a total put value of  24,071,000,000 Combined total value = 25,368,000,000

Strike  145  has a total call value of 1,925,000,000  versus a total put value of  20,783,000,000 Combined total value = 22,708,000,000

Strike  147.5  has a total call value of 2,913,000,000  versus a total put value of  17,823,000,000 Combined total value = 20,736,000,000

Strike  150  has a total call value of 3,956,000,000  versus a total put value of  14,863,000,000 Combined total value = 18,819,000,000

Strike  152.5  has a total call value of 6,491,000,000  versus a total put value of  12,860,000,000 Combined total value = 19,351,000,000

Strike  155  has a total call value of 9,172,000,000  versus a total put value of  10,916,000,000 Combined total value = 20,088,000,000

Strike  157.5  has a total call value of 12,354,000,000  versus a total put value of  9,279,000,000 Combined total value = 21,633,000,000

Strike  160  has a total call value of 15,647,000,000  versus a total put value of  7,642,000,000 Combined total value = 23,289,000,000

Strike  162.5  has a total call value of 20,320,000,000  versus a total put value of  6,005,000,000 Combined total value = 26,325,000,000

Strike  165  has a total call value of 24,993,000,000  versus a total put value of  4,391,000,000 Combined total value = 29,384,000,000

Strike  167.5  has a total call value of 30,743,000,000  versus a total put value of  3,018,000,000 Combined total value = 33,761,000,000

Strike  170  has a total call value of 36,754,000,000  versus a total put value of  1,773,000,000 Combined total value = 38,527,000,000

Strike  172.5  has a total call value of 44,851,000,000  versus a total put value of  1,286,000,000 Combined total value = 46,137,000,000

Strike  175  has a total call value of 53,084,000,000  versus a total put value of  864,000,000 Combined total value = 53,948,000,000

Strike  177.5  has a total call value of 62,035,000,000  versus a total put value of  524,000,000 Combined total value = 62,559,000,000

Strike  180  has a total call value of 70,986,000,000  versus a total put value of  184,000,000 Combined total value = 71,170,000,000

Strike  182.5  has a total call value of 80,881,000,000  versus a total put value of  103,000,000 Combined total value = 80,984,000,000

Strike  185  has a total call value of 90,776,000,000  versus a total put value of  48,000,000 Combined total value = 90,824,000,000

Strike  187.5  has a total call value of 100,671,000,000  versus a total put value of  26,000,000 Combined total value = 100,697,000,000

Strike  190  has a total call value of 110,566,000,000  versus a total put value of  4,000,000 Combined total value = 110,570,000,000

Strike  192.5  has a total call value of 121,083,000,000  versus a total put value of  2,000,000 Combined total value = 121,085,000,000

Strike  195  has a total call value of 131,600,000,000  versus a total put value of  0 Combined total value = 131,600,000,000

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.