SHREECEM
SHREE CEMENT LIMITED
Max pain for SHREECEM
26 Jul 2024 04:11 PM IST
Max Pain for SHREECEM is 27000
Strike 24000 has a total call value of 0 versus a total put value of 1,737,500,000 Combined total value = 1,737,500,000
Strike 24250 has a total call value of 0 versus a total put value of 1,585,625,000 Combined total value = 1,585,625,000
Strike 24500 has a total call value of 0 versus a total put value of 1,433,750,000 Combined total value = 1,433,750,000
Strike 24750 has a total call value of 0 versus a total put value of 1,281,875,000 Combined total value = 1,281,875,000
Strike 25000 has a total call value of 0 versus a total put value of 1,142,500,000 Combined total value = 1,142,500,000
Strike 25250 has a total call value of 0 versus a total put value of 1,005,000,000 Combined total value = 1,005,000,000
Strike 25500 has a total call value of 0 versus a total put value of 867,500,000 Combined total value = 867,500,000
Strike 25750 has a total call value of 0 versus a total put value of 730,000,000 Combined total value = 730,000,000
Strike 26000 has a total call value of 0 versus a total put value of 592,500,000 Combined total value = 592,500,000
Strike 26250 has a total call value of 24,375,000 versus a total put value of 480,000,000 Combined total value = 504,375,000
Strike 26500 has a total call value of 48,750,000 versus a total put value of 367,500,000 Combined total value = 416,250,000
Strike 26750 has a total call value of 97,500,000 versus a total put value of 271,250,000 Combined total value = 368,750,000
Strike 27000 has a total call value of 146,250,000 versus a total put value of 175,000,000 Combined total value = 321,250,000
Strike 27250 has a total call value of 201,250,000 versus a total put value of 129,375,000 Combined total value = 330,625,000
Strike 27500 has a total call value of 256,875,000 versus a total put value of 83,750,000 Combined total value = 340,625,000
Strike 27750 has a total call value of 343,125,000 versus a total put value of 58,750,000 Combined total value = 401,875,000
Strike 28000 has a total call value of 448,750,000 versus a total put value of 33,750,000 Combined total value = 482,500,000
Strike 28250 has a total call value of 656,250,000 versus a total put value of 16,875,000 Combined total value = 673,125,000
Strike 28500 has a total call value of 863,750,000 versus a total put value of 0 Combined total value = 863,750,000
Strike 28750 has a total call value of 1,074,375,000 versus a total put value of 0 Combined total value = 1,074,375,000
Strike 29000 has a total call value of 1,285,000,000 versus a total put value of 0 Combined total value = 1,285,000,000
Strike 29250 has a total call value of 1,510,625,000 versus a total put value of 0 Combined total value = 1,510,625,000
Strike 29500 has a total call value of 1,736,250,000 versus a total put value of 0 Combined total value = 1,736,250,000
Strike 29750 has a total call value of 1,961,875,000 versus a total put value of 0 Combined total value = 1,961,875,000
Strike 30000 has a total call value of 2,188,750,000 versus a total put value of 0 Combined total value = 2,188,750,000
Strike 30250 has a total call value of 2,478,125,000 versus a total put value of 0 Combined total value = 2,478,125,000
Strike 30500 has a total call value of 2,767,500,000 versus a total put value of 0 Combined total value = 2,767,500,000
Strike 30750 has a total call value of 3,056,875,000 versus a total put value of 0 Combined total value = 3,056,875,000
Strike 31000 has a total call value of 3,346,250,000 versus a total put value of 0 Combined total value = 3,346,250,000
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.