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SUNPHARMA
Sun Pharmaceutical Ind L

1901.95 14.20 (0.75%)

Max pain for SUNPHARMA

11 Oct 2024 04:10 PM IST

Max Pain for SUNPHARMA is 1920  



Strike  1600  has a total call value of 0  versus a total put value of  84,374,500,000 Combined total value = 84,374,500,000

Strike  1620  has a total call value of 56,700,000  versus a total put value of  78,176,700,000 Combined total value = 78,233,400,000

Strike  1640  has a total call value of 113,400,000  versus a total put value of  71,978,900,000 Combined total value = 72,092,300,000

Strike  1660  has a total call value of 170,100,000  versus a total put value of  65,797,200,000 Combined total value = 65,967,300,000

Strike  1680  has a total call value of 226,800,000  versus a total put value of  59,615,500,000 Combined total value = 59,842,300,000

Strike  1700  has a total call value of 283,500,000  versus a total put value of  53,437,300,000 Combined total value = 53,720,800,000

Strike  1720  has a total call value of 355,600,000  versus a total put value of  47,650,400,000 Combined total value = 48,006,000,000

Strike  1740  has a total call value of 427,700,000  versus a total put value of  41,938,400,000 Combined total value = 42,366,100,000

Strike  1760  has a total call value of 499,800,000  versus a total put value of  36,332,800,000 Combined total value = 36,832,600,000

Strike  1780  has a total call value of 571,900,000  versus a total put value of  30,839,200,000 Combined total value = 31,411,100,000

Strike  1800  has a total call value of 644,000,000  versus a total put value of  25,463,200,000 Combined total value = 26,107,200,000

Strike  1820  has a total call value of 804,300,000  versus a total put value of  20,765,500,000 Combined total value = 21,569,800,000

Strike  1840  has a total call value of 1,052,100,000  versus a total put value of  16,280,600,000 Combined total value = 17,332,700,000

Strike  1860  has a total call value of 1,441,300,000  versus a total put value of  12,159,700,000 Combined total value = 13,601,000,000

Strike  1880  has a total call value of 1,926,400,000  versus a total put value of  8,517,600,000 Combined total value = 10,444,000,000

Strike  1900  has a total call value of 2,541,700,000  versus a total put value of  5,375,300,000 Combined total value = 7,917,000,000

Strike  1920  has a total call value of 4,162,200,000  versus a total put value of  3,123,400,000 Combined total value = 7,285,600,000

Strike  1940  has a total call value of 6,639,500,000  versus a total put value of  1,410,500,000 Combined total value = 8,050,000,000

Strike  1960  has a total call value of 11,719,400,000  versus a total put value of  359,100,000 Combined total value = 12,078,500,000

Strike  1980  has a total call value of 22,748,600,000  versus a total put value of  121,100,000 Combined total value = 22,869,700,000

Strike  2000  has a total call value of 35,308,000,000  versus a total put value of  0 Combined total value = 35,308,000,000

Strike  2020  has a total call value of 50,521,100,000  versus a total put value of  0 Combined total value = 50,521,100,000

Strike  2040  has a total call value of 66,127,600,000  versus a total put value of  0 Combined total value = 66,127,600,000

Strike  2060  has a total call value of 82,080,600,000  versus a total put value of  0 Combined total value = 82,080,600,000

Strike  2080  has a total call value of 98,244,300,000  versus a total put value of  0 Combined total value = 98,244,300,000

Strike  2100  has a total call value of 114,586,500,000  versus a total put value of  0 Combined total value = 114,586,500,000

Strike  2120  has a total call value of 131,076,400,000  versus a total put value of  0 Combined total value = 131,076,400,000

Strike  2140  has a total call value of 147,901,600,000  versus a total put value of  0 Combined total value = 147,901,600,000

Strike  2160  has a total call value of 164,726,800,000  versus a total put value of  0 Combined total value = 164,726,800,000

Strike  2180  has a total call value of 181,953,800,000  versus a total put value of  0 Combined total value = 181,953,800,000

Strike  2200  has a total call value of 199,180,800,000  versus a total put value of  0 Combined total value = 199,180,800,000

All Max-Pain Table


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.