SAIL
Steel Authority Of India
Max pain for SAIL
16 Sep 2024 04:11 PM IST
Max Pain for SAIL is 132.5
Strike 100 has a total call value of 0 versus a total put value of 110,405,000,000 Combined total value = 110,405,000,000
Strike 102.5 has a total call value of 0 versus a total put value of 101,696,000,000 Combined total value = 101,696,000,000
Strike 105 has a total call value of 0 versus a total put value of 92,987,000,000 Combined total value = 92,987,000,000
Strike 107.5 has a total call value of 0 versus a total put value of 84,278,000,000 Combined total value = 84,278,000,000
Strike 110 has a total call value of 0 versus a total put value of 75,569,000,000 Combined total value = 75,569,000,000
Strike 112.5 has a total call value of 0 versus a total put value of 67,039,000,000 Combined total value = 67,039,000,000
Strike 115 has a total call value of 0 versus a total put value of 58,509,000,000 Combined total value = 58,509,000,000
Strike 117.5 has a total call value of 0 versus a total put value of 50,270,000,000 Combined total value = 50,270,000,000
Strike 120 has a total call value of 0 versus a total put value of 42,090,000,000 Combined total value = 42,090,000,000
Strike 122.5 has a total call value of 80,000,000 versus a total put value of 35,120,000,000 Combined total value = 35,200,000,000
Strike 125 has a total call value of 173,000,000 versus a total put value of 28,293,000,000 Combined total value = 28,466,000,000
Strike 127.5 has a total call value of 564,000,000 versus a total put value of 23,106,000,000 Combined total value = 23,670,000,000
Strike 130 has a total call value of 1,184,000,000 versus a total put value of 18,195,000,000 Combined total value = 19,379,000,000
Strike 132.5 has a total call value of 4,069,000,000 versus a total put value of 14,969,000,000 Combined total value = 19,038,000,000
Strike 135 has a total call value of 7,687,000,000 versus a total put value of 12,122,000,000 Combined total value = 19,809,000,000
Strike 137.5 has a total call value of 13,911,000,000 versus a total put value of 9,873,000,000 Combined total value = 23,784,000,000
Strike 140 has a total call value of 20,717,000,000 versus a total put value of 7,624,000,000 Combined total value = 28,341,000,000
Strike 142.5 has a total call value of 31,585,000,000 versus a total put value of 6,226,000,000 Combined total value = 37,811,000,000
Strike 145 has a total call value of 42,677,000,000 versus a total put value of 4,828,000,000 Combined total value = 47,505,000,000
Strike 147.5 has a total call value of 54,707,000,000 versus a total put value of 3,887,000,000 Combined total value = 58,594,000,000
Strike 150 has a total call value of 66,822,000,000 versus a total put value of 2,946,000,000 Combined total value = 69,768,000,000
Strike 152.5 has a total call value of 81,066,000,000 versus a total put value of 2,477,000,000 Combined total value = 83,543,000,000
Strike 155 has a total call value of 95,310,000,000 versus a total put value of 2,008,000,000 Combined total value = 97,318,000,000
Strike 157.5 has a total call value of 109,984,000,000 versus a total put value of 1,594,000,000 Combined total value = 111,578,000,000
Strike 160 has a total call value of 124,658,000,000 versus a total put value of 1,180,000,000 Combined total value = 125,838,000,000
Strike 162.5 has a total call value of 139,872,000,000 versus a total put value of 901,000,000 Combined total value = 140,773,000,000
Strike 165 has a total call value of 155,086,000,000 versus a total put value of 622,000,000 Combined total value = 155,708,000,000
Strike 167.5 has a total call value of 170,300,000,000 versus a total put value of 343,000,000 Combined total value = 170,643,000,000
Strike 170 has a total call value of 185,514,000,000 versus a total put value of 64,000,000 Combined total value = 185,578,000,000
Strike 172.5 has a total call value of 201,077,000,000 versus a total put value of 32,000,000 Combined total value = 201,109,000,000
Strike 175 has a total call value of 216,640,000,000 versus a total put value of 0 Combined total value = 216,640,000,000
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.