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TECHM
TECH MAHINDRA LIMITED

1271.8 -2.04 (-0.16%)


Strike  1100  has a total call value of 0  versus a total put value of  32,013,000,000 Combined total value = 32,013,000,000

Strike  1110  has a total call value of 0  versus a total put value of  30,018,000,000 Combined total value = 30,018,000,000

Strike  1120  has a total call value of 0  versus a total put value of  28,023,000,000 Combined total value = 28,023,000,000

Strike  1130  has a total call value of 0  versus a total put value of  26,036,400,000 Combined total value = 26,036,400,000

Strike  1140  has a total call value of 0  versus a total put value of  24,055,200,000 Combined total value = 24,055,200,000

Strike  1150  has a total call value of 0  versus a total put value of  22,074,000,000 Combined total value = 22,074,000,000

Strike  1160  has a total call value of 0  versus a total put value of  20,250,600,000 Combined total value = 20,250,600,000

Strike  1170  has a total call value of 0  versus a total put value of  18,443,400,000 Combined total value = 18,443,400,000

Strike  1180  has a total call value of 0  versus a total put value of  16,648,200,000 Combined total value = 16,648,200,000

Strike  1190  has a total call value of 0  versus a total put value of  14,879,400,000 Combined total value = 14,879,400,000

Strike  1200  has a total call value of 0  versus a total put value of  13,120,800,000 Combined total value = 13,120,800,000

Strike  1210  has a total call value of 34,200,000  versus a total put value of  11,815,200,000 Combined total value = 11,849,400,000

Strike  1220  has a total call value of 69,600,000  versus a total put value of  10,524,600,000 Combined total value = 10,594,200,000

Strike  1230  has a total call value of 106,200,000  versus a total put value of  9,276,000,000 Combined total value = 9,382,200,000

Strike  1240  has a total call value of 144,000,000  versus a total put value of  8,044,800,000 Combined total value = 8,188,800,000

Strike  1250  has a total call value of 189,600,000  versus a total put value of  6,856,200,000 Combined total value = 7,045,800,000

Strike  1260  has a total call value of 266,400,000  versus a total put value of  5,910,000,000 Combined total value = 6,176,400,000

Strike  1270  has a total call value of 360,600,000  versus a total put value of  5,017,800,000 Combined total value = 5,378,400,000

Strike  1280  has a total call value of 508,800,000  versus a total put value of  4,184,400,000 Combined total value = 4,693,200,000

Strike  1290  has a total call value of 814,800,000  versus a total put value of  3,460,800,000 Combined total value = 4,275,600,000

Strike  1300  has a total call value of 1,213,800,000  versus a total put value of  2,782,800,000 Combined total value = 3,996,600,000

Strike  1310  has a total call value of 2,232,600,000  versus a total put value of  2,442,000,000 Combined total value = 4,674,600,000

Strike  1320  has a total call value of 3,293,400,000  versus a total put value of  2,113,800,000 Combined total value = 5,407,200,000

Strike  1330  has a total call value of 4,675,800,000  versus a total put value of  1,839,600,000 Combined total value = 6,515,400,000

Strike  1340  has a total call value of 6,100,200,000  versus a total put value of  1,568,400,000 Combined total value = 7,668,600,000

Strike  1350  has a total call value of 7,664,400,000  versus a total put value of  1,303,800,000 Combined total value = 8,968,200,000

Strike  1360  has a total call value of 9,612,000,000  versus a total put value of  1,120,200,000 Combined total value = 10,732,200,000

Strike  1370  has a total call value of 11,631,600,000  versus a total put value of  943,800,000 Combined total value = 12,575,400,000

Strike  1380  has a total call value of 13,680,000,000  versus a total put value of  769,200,000 Combined total value = 14,449,200,000

Strike  1390  has a total call value of 15,813,600,000  versus a total put value of  594,600,000 Combined total value = 16,408,200,000

Strike  1400  has a total call value of 17,972,400,000  versus a total put value of  420,000,000 Combined total value = 18,392,400,000

Strike  1410  has a total call value of 20,979,000,000  versus a total put value of  378,000,000 Combined total value = 21,357,000,000

Strike  1420  has a total call value of 23,993,400,000  versus a total put value of  336,000,000 Combined total value = 24,329,400,000

Strike  1430  has a total call value of 27,066,600,000  versus a total put value of  294,000,000 Combined total value = 27,360,600,000

Strike  1440  has a total call value of 30,142,200,000  versus a total put value of  252,000,000 Combined total value = 30,394,200,000

Strike  1450  has a total call value of 33,232,200,000  versus a total put value of  210,000,000 Combined total value = 33,442,200,000

Strike  1460  has a total call value of 36,438,600,000  versus a total put value of  168,000,000 Combined total value = 36,606,600,000

Strike  1470  has a total call value of 39,654,600,000  versus a total put value of  126,000,000 Combined total value = 39,780,600,000

Strike  1480  has a total call value of 42,877,200,000  versus a total put value of  84,000,000 Combined total value = 42,961,200,000

Strike  1490  has a total call value of 46,099,800,000  versus a total put value of  42,000,000 Combined total value = 46,141,800,000

Strike  1500  has a total call value of 49,322,400,000  versus a total put value of  0 Combined total value = 49,322,400,000

Strike  1510  has a total call value of 52,834,800,000  versus a total put value of  0 Combined total value = 52,834,800,000

Strike  1520  has a total call value of 56,347,200,000  versus a total put value of  0 Combined total value = 56,347,200,000

Strike  1530  has a total call value of 59,859,600,000  versus a total put value of  0 Combined total value = 59,859,600,000

Strike  1540  has a total call value of 63,372,000,000  versus a total put value of  0 Combined total value = 63,372,000,000

Strike  1550  has a total call value of 66,884,400,000  versus a total put value of  0 Combined total value = 66,884,400,000

Strike  1560  has a total call value of 70,402,800,000  versus a total put value of  0 Combined total value = 70,402,800,000

Strike  1570  has a total call value of 73,921,200,000  versus a total put value of  0 Combined total value = 73,921,200,000

Strike  1580  has a total call value of 77,439,600,000  versus a total put value of  0 Combined total value = 77,439,600,000

Strike  1590  has a total call value of 80,958,000,000  versus a total put value of  0 Combined total value = 80,958,000,000

Strike  1600  has a total call value of 84,476,400,000  versus a total put value of  0 Combined total value = 84,476,400,000

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.