[--[65.84.65.76]--]
SUNPHARMA
SUN PHARMACEUTICAL IND L

1202.2 10.86 (0.91%)


Strike  950  has a total call value of 0  versus a total put value of  140,533,400,000 Combined total value = 140,533,400,000

Strike  960  has a total call value of 0  versus a total put value of  132,890,800,000 Combined total value = 132,890,800,000

Strike  970  has a total call value of 0  versus a total put value of  125,248,200,000 Combined total value = 125,248,200,000

Strike  980  has a total call value of 0  versus a total put value of  117,605,600,000 Combined total value = 117,605,600,000

Strike  990  has a total call value of 0  versus a total put value of  109,963,000,000 Combined total value = 109,963,000,000

Strike  1000  has a total call value of 0  versus a total put value of  102,320,400,000 Combined total value = 102,320,400,000

Strike  1010  has a total call value of 8,400,000  versus a total put value of  94,985,100,000 Combined total value = 94,993,500,000

Strike  1020  has a total call value of 16,800,000  versus a total put value of  87,649,800,000 Combined total value = 87,666,600,000

Strike  1030  has a total call value of 37,800,000  versus a total put value of  80,314,500,000 Combined total value = 80,352,300,000

Strike  1040  has a total call value of 58,800,000  versus a total put value of  73,009,300,000 Combined total value = 73,068,100,000

Strike  1050  has a total call value of 79,800,000  versus a total put value of  65,739,800,000 Combined total value = 65,819,600,000

Strike  1060  has a total call value of 212,800,000  versus a total put value of  58,650,200,000 Combined total value = 58,863,000,000

Strike  1070  has a total call value of 345,800,000  versus a total put value of  51,638,300,000 Combined total value = 51,984,100,000

Strike  1080  has a total call value of 566,300,000  versus a total put value of  44,747,500,000 Combined total value = 45,313,800,000

Strike  1090  has a total call value of 786,800,000  versus a total put value of  38,025,400,000 Combined total value = 38,812,200,000

Strike  1100  has a total call value of 1,103,900,000  versus a total put value of  31,451,000,000 Combined total value = 32,554,900,000

Strike  1110  has a total call value of 1,993,600,000  versus a total put value of  25,812,500,000 Combined total value = 27,806,100,000

Strike  1120  has a total call value of 3,572,100,000  versus a total put value of  20,694,100,000 Combined total value = 24,266,200,000

Strike  1130  has a total call value of 5,500,600,000  versus a total put value of  15,948,100,000 Combined total value = 21,448,700,000

Strike  1140  has a total call value of 7,728,700,000  versus a total put value of  11,577,300,000 Combined total value = 19,306,000,000

Strike  1150  has a total call value of 10,654,700,000  versus a total put value of  7,673,400,000 Combined total value = 18,328,100,000

Strike  1160  has a total call value of 17,312,400,000  versus a total put value of  5,047,000,000 Combined total value = 22,359,400,000

Strike  1170  has a total call value of 24,670,100,000  versus a total put value of  3,130,400,000 Combined total value = 27,800,500,000

Strike  1180  has a total call value of 32,618,600,000  versus a total put value of  1,614,900,000 Combined total value = 34,233,500,000

Strike  1190  has a total call value of 41,356,700,000  versus a total put value of  666,400,000 Combined total value = 42,023,100,000

Strike  1200  has a total call value of 50,272,600,000  versus a total put value of  217,700,000 Combined total value = 50,490,300,000

Strike  1210  has a total call value of 61,042,800,000  versus a total put value of  47,600,000 Combined total value = 61,090,400,000

Strike  1220  has a total call value of 72,240,700,000  versus a total put value of  0 Combined total value = 72,240,700,000

Strike  1230  has a total call value of 83,840,400,000  versus a total put value of  0 Combined total value = 83,840,400,000

Strike  1240  has a total call value of 95,620,700,000  versus a total put value of  0 Combined total value = 95,620,700,000

Strike  1250  has a total call value of 107,532,600,000  versus a total put value of  0 Combined total value = 107,532,600,000

Strike  1260  has a total call value of 119,597,800,000  versus a total put value of  0 Combined total value = 119,597,800,000

Strike  1270  has a total call value of 131,716,200,000  versus a total put value of  0 Combined total value = 131,716,200,000

Strike  1280  has a total call value of 143,895,500,000  versus a total put value of  0 Combined total value = 143,895,500,000

Strike  1290  has a total call value of 156,083,200,000  versus a total put value of  0 Combined total value = 156,083,200,000

Strike  1300  has a total call value of 168,270,900,000  versus a total put value of  0 Combined total value = 168,270,900,000

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.