TECHM
TECH MAHINDRA LIMITED
Max pain for TECHM
26 Jul 2024 04:12 PM IST
Max Pain for TECHM is 1500
Strike 1172 has a total call value of 0 versus a total put value of 114,031,920,000 Combined total value = 114,031,920,000
Strike 1180 has a total call value of 0 versus a total put value of 110,898,480,000 Combined total value = 110,898,480,000
Strike 1192 has a total call value of 0 versus a total put value of 106,198,320,000 Combined total value = 106,198,320,000
Strike 1200 has a total call value of 0 versus a total put value of 103,064,880,000 Combined total value = 103,064,880,000
Strike 1212 has a total call value of 0 versus a total put value of 98,364,720,000 Combined total value = 98,364,720,000
Strike 1220 has a total call value of 0 versus a total put value of 95,231,280,000 Combined total value = 95,231,280,000
Strike 1232 has a total call value of 0 versus a total put value of 90,531,120,000 Combined total value = 90,531,120,000
Strike 1240 has a total call value of 0 versus a total put value of 87,397,680,000 Combined total value = 87,397,680,000
Strike 1252 has a total call value of 0 versus a total put value of 82,697,520,000 Combined total value = 82,697,520,000
Strike 1260 has a total call value of 0 versus a total put value of 79,564,080,000 Combined total value = 79,564,080,000
Strike 1272 has a total call value of 0 versus a total put value of 74,863,920,000 Combined total value = 74,863,920,000
Strike 1280 has a total call value of 0 versus a total put value of 71,780,880,000 Combined total value = 71,780,880,000
Strike 1292 has a total call value of 0 versus a total put value of 67,156,320,000 Combined total value = 67,156,320,000
Strike 1300 has a total call value of 7,200,000 versus a total put value of 64,076,160,000 Combined total value = 64,083,360,000
Strike 1312 has a total call value of 18,000,000 versus a total put value of 59,455,920,000 Combined total value = 59,473,920,000
Strike 1320 has a total call value of 25,200,000 versus a total put value of 56,418,000,000 Combined total value = 56,443,200,000
Strike 1332 has a total call value of 36,000,000 versus a total put value of 51,926,640,000 Combined total value = 51,962,640,000
Strike 1340 has a total call value of 43,200,000 versus a total put value of 48,948,240,000 Combined total value = 48,991,440,000
Strike 1352 has a total call value of 54,000,000 versus a total put value of 44,481,360,000 Combined total value = 44,535,360,000
Strike 1360 has a total call value of 61,200,000 versus a total put value of 41,524,080,000 Combined total value = 41,585,280,000
Strike 1372 has a total call value of 74,160,000 versus a total put value of 37,188,240,000 Combined total value = 37,262,400,000
Strike 1380 has a total call value of 90,480,000 versus a total put value of 34,378,320,000 Combined total value = 34,468,800,000
Strike 1392 has a total call value of 119,280,000 versus a total put value of 30,244,800,000 Combined total value = 30,364,080,000
Strike 1400 has a total call value of 138,480,000 versus a total put value of 27,516,000,000 Combined total value = 27,654,480,000
Strike 1412 has a total call value of 208,320,000 versus a total put value of 24,031,920,000 Combined total value = 24,240,240,000
Strike 1420 has a total call value of 259,680,000 versus a total put value of 21,736,560,000 Combined total value = 21,996,240,000
Strike 1432 has a total call value of 339,600,000 versus a total put value of 18,485,040,000 Combined total value = 18,824,640,000
Strike 1440 has a total call value of 393,840,000 versus a total put value of 16,356,720,000 Combined total value = 16,750,560,000
Strike 1452 has a total call value of 498,960,000 versus a total put value of 13,612,080,000 Combined total value = 14,111,040,000
Strike 1460 has a total call value of 603,600,000 versus a total put value of 11,815,440,000 Combined total value = 12,419,040,000
Strike 1472 has a total call value of 859,920,000 versus a total put value of 9,348,720,000 Combined total value = 10,208,640,000
Strike 1480 has a total call value of 1,070,160,000 versus a total put value of 7,792,560,000 Combined total value = 8,862,720,000
Strike 1492 has a total call value of 1,512,960,000 versus a total put value of 5,821,200,000 Combined total value = 7,334,160,000
Strike 1500 has a total call value of 1,846,080,000 versus a total put value of 4,544,880,000 Combined total value = 6,390,960,000
Strike 1512 has a total call value of 3,018,240,000 versus a total put value of 3,512,400,000 Combined total value = 6,530,640,000
Strike 1520 has a total call value of 3,887,040,000 versus a total put value of 2,854,800,000 Combined total value = 6,741,840,000
Strike 1532 has a total call value of 5,479,680,000 versus a total put value of 2,199,600,000 Combined total value = 7,679,280,000
Strike 1540 has a total call value of 6,655,680,000 versus a total put value of 1,830,000,000 Combined total value = 8,485,680,000
Strike 1552 has a total call value of 9,158,400,000 versus a total put value of 1,458,480,000 Combined total value = 10,616,880,000
Strike 1560 has a total call value of 10,976,640,000 versus a total put value of 1,230,000,000 Combined total value = 12,206,640,000
Strike 1572 has a total call value of 14,162,640,000 versus a total put value of 917,520,000 Combined total value = 15,080,160,000
Strike 1580 has a total call value of 16,436,880,000 versus a total put value of 736,080,000 Combined total value = 17,172,960,000
Strike 1592 has a total call value of 20,414,880,000 versus a total put value of 496,320,000 Combined total value = 20,911,200,000
Strike 1600 has a total call value of 23,117,760,000 versus a total put value of 344,640,000 Combined total value = 23,462,400,000
Strike 1612 has a total call value of 28,222,560,000 versus a total put value of 271,920,000 Combined total value = 28,494,480,000
Strike 1620 has a total call value of 31,676,160,000 versus a total put value of 228,720,000 Combined total value = 31,904,880,000
Strike 1632 has a total call value of 37,237,440,000 versus a total put value of 174,000,000 Combined total value = 37,411,440,000
Strike 1640 has a total call value of 40,970,880,000 versus a total put value of 137,520,000 Combined total value = 41,108,400,000
Strike 1652 has a total call value of 46,714,320,000 versus a total put value of 87,840,000 Combined total value = 46,802,160,000
Strike 1660 has a total call value of 50,671,920,000 versus a total put value of 60,960,000 Combined total value = 50,732,880,000
Strike 1680 has a total call value of 60,757,920,000 versus a total put value of 15,360,000 Combined total value = 60,773,280,000
Strike 1692 has a total call value of 67,075,920,000 versus a total put value of 1,680,000 Combined total value = 67,077,600,000
Strike 1700 has a total call value of 71,362,320,000 versus a total put value of 1,200,000 Combined total value = 71,363,520,000
Strike 1720 has a total call value of 82,078,320,000 versus a total put value of 0 Combined total value = 82,078,320,000
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.