TECHM
TECH MAHINDRA LIMITED
Max pain for TECHM
19 Apr 2024 04:18 PM IST
Max Pain for TECHM is 1220
Strike 1040 has a total call value of 0 versus a total put value of 58,093,200,000 Combined total value = 58,093,200,000
Strike 1050 has a total call value of 0 versus a total put value of 54,668,400,000 Combined total value = 54,668,400,000
Strike 1060 has a total call value of 0 versus a total put value of 51,243,600,000 Combined total value = 51,243,600,000
Strike 1070 has a total call value of 0 versus a total put value of 47,834,400,000 Combined total value = 47,834,400,000
Strike 1080 has a total call value of 0 versus a total put value of 44,425,200,000 Combined total value = 44,425,200,000
Strike 1090 has a total call value of 0 versus a total put value of 41,050,800,000 Combined total value = 41,050,800,000
Strike 1100 has a total call value of 0 versus a total put value of 37,676,400,000 Combined total value = 37,676,400,000
Strike 1110 has a total call value of 1,800,000 versus a total put value of 34,460,400,000 Combined total value = 34,462,200,000
Strike 1120 has a total call value of 4,200,000 versus a total put value of 31,272,600,000 Combined total value = 31,276,800,000
Strike 1130 has a total call value of 10,200,000 versus a total put value of 28,179,000,000 Combined total value = 28,189,200,000
Strike 1140 has a total call value of 18,000,000 versus a total put value of 25,144,800,000 Combined total value = 25,162,800,000
Strike 1150 has a total call value of 30,000,000 versus a total put value of 22,224,600,000 Combined total value = 22,254,600,000
Strike 1160 has a total call value of 66,600,000 versus a total put value of 19,534,800,000 Combined total value = 19,601,400,000
Strike 1170 has a total call value of 123,600,000 versus a total put value of 17,065,800,000 Combined total value = 17,189,400,000
Strike 1180 has a total call value of 194,400,000 versus a total put value of 14,755,800,000 Combined total value = 14,950,200,000
Strike 1190 has a total call value of 472,800,000 versus a total put value of 12,628,200,000 Combined total value = 13,101,000,000
Strike 1200 has a total call value of 827,400,000 versus a total put value of 10,563,000,000 Combined total value = 11,390,400,000
Strike 1210 has a total call value of 2,189,400,000 versus a total put value of 8,968,800,000 Combined total value = 11,158,200,000
Strike 1220 has a total call value of 3,710,400,000 versus a total put value of 7,427,400,000 Combined total value = 11,137,800,000
Strike 1230 has a total call value of 5,451,600,000 versus a total put value of 6,100,200,000 Combined total value = 11,551,800,000
Strike 1240 has a total call value of 7,378,200,000 versus a total put value of 4,828,800,000 Combined total value = 12,207,000,000
Strike 1250 has a total call value of 9,540,600,000 versus a total put value of 3,721,200,000 Combined total value = 13,261,800,000
Strike 1260 has a total call value of 12,042,600,000 versus a total put value of 2,773,800,000 Combined total value = 14,816,400,000
Strike 1270 has a total call value of 15,283,800,000 versus a total put value of 2,217,600,000 Combined total value = 17,501,400,000
Strike 1280 has a total call value of 18,781,200,000 versus a total put value of 1,746,600,000 Combined total value = 20,527,800,000
Strike 1290 has a total call value of 22,825,800,000 versus a total put value of 1,392,000,000 Combined total value = 24,217,800,000
Strike 1300 has a total call value of 26,993,400,000 versus a total put value of 1,059,600,000 Combined total value = 28,053,000,000
Strike 1310 has a total call value of 32,226,600,000 versus a total put value of 935,400,000 Combined total value = 33,162,000,000
Strike 1320 has a total call value of 37,526,400,000 versus a total put value of 811,200,000 Combined total value = 38,337,600,000
Strike 1330 has a total call value of 42,979,800,000 versus a total put value of 699,000,000 Combined total value = 43,678,800,000
Strike 1340 has a total call value of 48,481,200,000 versus a total put value of 586,800,000 Combined total value = 49,068,000,000
Strike 1350 has a total call value of 54,139,200,000 versus a total put value of 474,600,000 Combined total value = 54,613,800,000
Strike 1360 has a total call value of 60,004,200,000 versus a total put value of 367,200,000 Combined total value = 60,371,400,000
Strike 1370 has a total call value of 65,936,400,000 versus a total put value of 275,400,000 Combined total value = 66,211,800,000
Strike 1380 has a total call value of 71,893,800,000 versus a total put value of 183,600,000 Combined total value = 72,077,400,000
Strike 1390 has a total call value of 77,890,200,000 versus a total put value of 91,800,000 Combined total value = 77,982,000,000
Strike 1400 has a total call value of 83,886,600,000 versus a total put value of 0 Combined total value = 83,886,600,000
Strike 1410 has a total call value of 90,147,600,000 versus a total put value of 0 Combined total value = 90,147,600,000
Strike 1420 has a total call value of 96,408,600,000 versus a total put value of 0 Combined total value = 96,408,600,000
Strike 1430 has a total call value of 102,696,000,000 versus a total put value of 0 Combined total value = 102,696,000,000
Strike 1440 has a total call value of 108,983,400,000 versus a total put value of 0 Combined total value = 108,983,400,000
Strike 1450 has a total call value of 115,419,000,000 versus a total put value of 0 Combined total value = 115,419,000,000
Strike 1460 has a total call value of 121,854,600,000 versus a total put value of 0 Combined total value = 121,854,600,000
Strike 1470 has a total call value of 128,308,800,000 versus a total put value of 0 Combined total value = 128,308,800,000
Strike 1480 has a total call value of 134,763,000,000 versus a total put value of 0 Combined total value = 134,763,000,000
Max Pain - Choose a symbol
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M
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O
P
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T
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.