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SUNPHARMA
SUN PHARMACEUTICAL IND L

1573.85 -8.90 (-0.56%)


Strike  1100  has a total call value of 0  versus a total put value of  254,237,200,000 Combined total value = 254,237,200,000

Strike  1110  has a total call value of 0  versus a total put value of  247,568,300,000 Combined total value = 247,568,300,000

Strike  1120  has a total call value of 0  versus a total put value of  240,899,400,000 Combined total value = 240,899,400,000

Strike  1130  has a total call value of 0  versus a total put value of  234,230,500,000 Combined total value = 234,230,500,000

Strike  1140  has a total call value of 0  versus a total put value of  227,561,600,000 Combined total value = 227,561,600,000

Strike  1150  has a total call value of 0  versus a total put value of  220,892,700,000 Combined total value = 220,892,700,000

Strike  1160  has a total call value of 0  versus a total put value of  214,223,800,000 Combined total value = 214,223,800,000

Strike  1170  has a total call value of 0  versus a total put value of  207,554,900,000 Combined total value = 207,554,900,000

Strike  1180  has a total call value of 0  versus a total put value of  200,886,000,000 Combined total value = 200,886,000,000

Strike  1190  has a total call value of 0  versus a total put value of  194,217,100,000 Combined total value = 194,217,100,000

Strike  1200  has a total call value of 0  versus a total put value of  187,548,200,000 Combined total value = 187,548,200,000

Strike  1210  has a total call value of 16,100,000  versus a total put value of  180,987,100,000 Combined total value = 181,003,200,000

Strike  1220  has a total call value of 32,200,000  versus a total put value of  174,426,000,000 Combined total value = 174,458,200,000

Strike  1230  has a total call value of 48,300,000  versus a total put value of  167,864,900,000 Combined total value = 167,913,200,000

Strike  1240  has a total call value of 64,400,000  versus a total put value of  161,303,800,000 Combined total value = 161,368,200,000

Strike  1250  has a total call value of 80,500,000  versus a total put value of  154,742,700,000 Combined total value = 154,823,200,000

Strike  1260  has a total call value of 105,700,000  versus a total put value of  148,358,000,000 Combined total value = 148,463,700,000

Strike  1270  has a total call value of 130,900,000  versus a total put value of  141,973,300,000 Combined total value = 142,104,200,000

Strike  1280  has a total call value of 156,100,000  versus a total put value of  135,588,600,000 Combined total value = 135,744,700,000

Strike  1290  has a total call value of 181,300,000  versus a total put value of  129,203,900,000 Combined total value = 129,385,200,000

Strike  1300  has a total call value of 206,500,000  versus a total put value of  122,819,200,000 Combined total value = 123,025,700,000

Strike  1310  has a total call value of 264,600,000  versus a total put value of  116,585,000,000 Combined total value = 116,849,600,000

Strike  1320  has a total call value of 322,700,000  versus a total put value of  110,350,800,000 Combined total value = 110,673,500,000

Strike  1330  has a total call value of 380,800,000  versus a total put value of  104,116,600,000 Combined total value = 104,497,400,000

Strike  1340  has a total call value of 443,800,000  versus a total put value of  97,969,900,000 Combined total value = 98,413,700,000

Strike  1350  has a total call value of 506,800,000  versus a total put value of  91,823,200,000 Combined total value = 92,330,000,000

Strike  1360  has a total call value of 619,500,000  versus a total put value of  85,850,800,000 Combined total value = 86,470,300,000

Strike  1370  has a total call value of 732,200,000  versus a total put value of  79,946,300,000 Combined total value = 80,678,500,000

Strike  1380  has a total call value of 867,300,000  versus a total put value of  74,075,400,000 Combined total value = 74,942,700,000

Strike  1390  has a total call value of 1,048,600,000  versus a total put value of  68,204,500,000 Combined total value = 69,253,100,000

Strike  1400  has a total call value of 1,229,900,000  versus a total put value of  62,363,000,000 Combined total value = 63,592,900,000

Strike  1410  has a total call value of 1,549,100,000  versus a total put value of  56,958,300,000 Combined total value = 58,507,400,000

Strike  1420  has a total call value of 1,868,300,000  versus a total put value of  51,553,600,000 Combined total value = 53,421,900,000

Strike  1430  has a total call value of 2,312,100,000  versus a total put value of  46,298,700,000 Combined total value = 48,610,800,000

Strike  1440  has a total call value of 2,859,500,000  versus a total put value of  41,043,800,000 Combined total value = 43,903,300,000

Strike  1450  has a total call value of 3,406,900,000  versus a total put value of  35,788,900,000 Combined total value = 39,195,800,000

Strike  1460  has a total call value of 4,729,200,000  versus a total put value of  30,945,600,000 Combined total value = 35,674,800,000

Strike  1470  has a total call value of 6,198,500,000  versus a total put value of  26,211,500,000 Combined total value = 32,410,000,000

Strike  1480  has a total call value of 7,667,800,000  versus a total put value of  21,686,700,000 Combined total value = 29,354,500,000

Strike  1490  has a total call value of 9,137,100,000  versus a total put value of  17,390,800,000 Combined total value = 26,527,900,000

Strike  1500  has a total call value of 10,669,400,000  versus a total put value of  13,573,700,000 Combined total value = 24,243,100,000

Strike  1510  has a total call value of 13,225,800,000  versus a total put value of  10,579,100,000 Combined total value = 23,804,900,000

Strike  1520  has a total call value of 16,031,400,000  versus a total put value of  7,712,600,000 Combined total value = 23,744,000,000

Strike  1530  has a total call value of 19,288,500,000  versus a total put value of  5,187,700,000 Combined total value = 24,476,200,000

Strike  1540  has a total call value of 22,689,800,000  versus a total put value of  2,950,500,000 Combined total value = 25,640,300,000

Strike  1550  has a total call value of 26,420,100,000  versus a total put value of  1,308,300,000 Combined total value = 27,728,400,000

Strike  1560  has a total call value of 31,997,000,000  versus a total put value of  556,500,000 Combined total value = 32,553,500,000

Strike  1570  has a total call value of 38,788,400,000  versus a total put value of  217,000,000 Combined total value = 39,005,400,000

Strike  1580  has a total call value of 45,735,200,000  versus a total put value of  71,400,000 Combined total value = 45,806,600,000

Strike  1590  has a total call value of 52,961,300,000  versus a total put value of  31,500,000 Combined total value = 52,992,800,000

Strike  1600  has a total call value of 60,310,600,000  versus a total put value of  11,200,000 Combined total value = 60,321,800,000

Strike  1610  has a total call value of 67,997,300,000  versus a total put value of  0 Combined total value = 67,997,300,000

Strike  1620  has a total call value of 75,756,800,000  versus a total put value of  0 Combined total value = 75,756,800,000

Strike  1630  has a total call value of 83,603,100,000  versus a total put value of  0 Combined total value = 83,603,100,000

Strike  1640  has a total call value of 91,473,900,000  versus a total put value of  0 Combined total value = 91,473,900,000

Strike  1650  has a total call value of 99,390,200,000  versus a total put value of  0 Combined total value = 99,390,200,000

Strike  1660  has a total call value of 107,368,800,000  versus a total put value of  0 Combined total value = 107,368,800,000

Strike  1670  has a total call value of 115,485,300,000  versus a total put value of  0 Combined total value = 115,485,300,000

Strike  1680  has a total call value of 123,601,800,000  versus a total put value of  0 Combined total value = 123,601,800,000

Strike  1690  has a total call value of 131,718,300,000  versus a total put value of  0 Combined total value = 131,718,300,000

Strike  1700  has a total call value of 139,834,800,000  versus a total put value of  0 Combined total value = 139,834,800,000

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.