SAIL
Steel Authority of India Limited
Max pain for SAIL
25 Sep 2023 10:41 AM IST
Max Pain for SAIL is 95
Strike 71 has a total call value of 0 versus a total put value of 676,624,000 Combined total value = 676,624,000
Strike 72 has a total call value of 8,000 versus a total put value of 646,216,000 Combined total value = 646,224,000
Strike 73 has a total call value of 16,000 versus a total put value of 615,808,000 Combined total value = 615,824,000
Strike 74 has a total call value of 24,000 versus a total put value of 585,400,000 Combined total value = 585,424,000
Strike 75 has a total call value of 32,000 versus a total put value of 554,992,000 Combined total value = 555,024,000
Strike 76 has a total call value of 40,000 versus a total put value of 524,752,000 Combined total value = 524,792,000
Strike 77 has a total call value of 48,000 versus a total put value of 494,512,000 Combined total value = 494,560,000
Strike 78 has a total call value of 56,000 versus a total put value of 464,272,000 Combined total value = 464,328,000
Strike 79 has a total call value of 64,000 versus a total put value of 434,032,000 Combined total value = 434,096,000
Strike 80 has a total call value of 72,000 versus a total put value of 403,808,000 Combined total value = 403,880,000
Strike 81 has a total call value of 120,000 versus a total put value of 375,328,000 Combined total value = 375,448,000
Strike 82 has a total call value of 168,000 versus a total put value of 347,064,000 Combined total value = 347,232,000
Strike 83 has a total call value of 224,000 versus a total put value of 319,224,000 Combined total value = 319,448,000
Strike 84 has a total call value of 280,000 versus a total put value of 291,512,000 Combined total value = 291,792,000
Strike 85 has a total call value of 360,000 versus a total put value of 264,104,000 Combined total value = 264,464,000
Strike 86 has a total call value of 992,000 versus a total put value of 238,616,000 Combined total value = 239,608,000
Strike 87 has a total call value of 1,784,000 versus a total put value of 214,008,000 Combined total value = 215,792,000
Strike 88 has a total call value of 2,784,000 versus a total put value of 190,064,000 Combined total value = 192,848,000
Strike 89 has a total call value of 4,104,000 versus a total put value of 166,912,000 Combined total value = 171,016,000
Strike 90 has a total call value of 5,624,000 versus a total put value of 144,376,000 Combined total value = 150,000,000
Strike 91 has a total call value of 8,904,000 versus a total put value of 125,496,000 Combined total value = 134,400,000
Strike 92 has a total call value of 12,640,000 versus a total put value of 107,344,000 Combined total value = 119,984,000
Strike 93 has a total call value of 16,744,000 versus a total put value of 90,336,000 Combined total value = 107,080,000
Strike 94 has a total call value of 21,736,000 versus a total put value of 75,032,000 Combined total value = 96,768,000
Strike 95 has a total call value of 28,456,000 versus a total put value of 60,456,000 Combined total value = 88,912,000
Strike 96 has a total call value of 41,280,000 versus a total put value of 49,024,000 Combined total value = 90,304,000
Strike 97 has a total call value of 55,592,000 versus a total put value of 38,536,000 Combined total value = 94,128,000
Strike 98 has a total call value of 72,840,000 versus a total put value of 28,952,000 Combined total value = 101,792,000
Strike 99 has a total call value of 92,544,000 versus a total put value of 20,520,000 Combined total value = 113,064,000
Strike 100 has a total call value of 113,640,000 versus a total put value of 12,928,000 Combined total value = 126,568,000
Strike 101 has a total call value of 146,096,000 versus a total put value of 8,320,000 Combined total value = 154,416,000
Strike 102 has a total call value of 180,200,000 versus a total put value of 5,808,000 Combined total value = 186,008,000
Strike 103 has a total call value of 216,416,000 versus a total put value of 3,872,000 Combined total value = 220,288,000
Strike 104 has a total call value of 254,080,000 versus a total put value of 2,456,000 Combined total value = 256,536,000
Strike 105 has a total call value of 293,352,000 versus a total put value of 1,272,000 Combined total value = 294,624,000
Strike 106 has a total call value of 339,504,000 versus a total put value of 1,000,000 Combined total value = 340,504,000
Strike 107 has a total call value of 386,136,000 versus a total put value of 728,000 Combined total value = 386,864,000
Strike 108 has a total call value of 433,912,000 versus a total put value of 456,000 Combined total value = 434,368,000
Strike 109 has a total call value of 482,224,000 versus a total put value of 200,000 Combined total value = 482,424,000
Strike 110 has a total call value of 532,128,000 versus a total put value of 32,000 Combined total value = 532,160,000
Strike 111 has a total call value of 587,424,000 versus a total put value of 24,000 Combined total value = 587,448,000
Strike 112 has a total call value of 642,880,000 versus a total put value of 16,000 Combined total value = 642,896,000
Strike 113 has a total call value of 698,992,000 versus a total put value of 8,000 Combined total value = 699,000,000
Strike 114 has a total call value of 755,208,000 versus a total put value of 0 Combined total value = 755,208,000
Strike 115 has a total call value of 811,640,000 versus a total put value of 0 Combined total value = 811,640,000
Strike 116 has a total call value of 869,624,000 versus a total put value of 0 Combined total value = 869,624,000
Max Pain - Choose a symbol
Index
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B
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E
G
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I
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M
N
O
P
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S
T
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.