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TECHM
Tech Mahindra Limited

1647.05 27.35 (1.69%)

Max pain for TECHM

11 Oct 2024 04:12 PM IST

Max Pain for TECHM is 1640  



Strike  1360  has a total call value of 0  versus a total put value of  90,237,600,000 Combined total value = 90,237,600,000

Strike  1380  has a total call value of 0  versus a total put value of  81,650,400,000 Combined total value = 81,650,400,000

Strike  1400  has a total call value of 0  versus a total put value of  73,063,200,000 Combined total value = 73,063,200,000

Strike  1420  has a total call value of 0  versus a total put value of  64,879,200,000 Combined total value = 64,879,200,000

Strike  1440  has a total call value of 0  versus a total put value of  56,722,800,000 Combined total value = 56,722,800,000

Strike  1460  has a total call value of 0  versus a total put value of  48,885,600,000 Combined total value = 48,885,600,000

Strike  1480  has a total call value of 0  versus a total put value of  41,235,600,000 Combined total value = 41,235,600,000

Strike  1500  has a total call value of 0  versus a total put value of  33,874,800,000 Combined total value = 33,874,800,000

Strike  1520  has a total call value of 128,400,000  versus a total put value of  27,602,400,000 Combined total value = 27,730,800,000

Strike  1540  has a total call value of 256,800,000  versus a total put value of  21,668,400,000 Combined total value = 21,925,200,000

Strike  1560  has a total call value of 486,000,000  versus a total put value of  16,326,000,000 Combined total value = 16,812,000,000

Strike  1580  has a total call value of 806,400,000  versus a total put value of  11,383,200,000 Combined total value = 12,189,600,000

Strike  1600  has a total call value of 1,285,200,000  versus a total put value of  6,784,800,000 Combined total value = 8,070,000,000

Strike  1620  has a total call value of 2,356,800,000  versus a total put value of  4,207,200,000 Combined total value = 6,564,000,000

Strike  1640  has a total call value of 3,955,200,000  versus a total put value of  2,554,800,000 Combined total value = 6,510,000,000

Strike  1660  has a total call value of 6,619,200,000  versus a total put value of  1,627,200,000 Combined total value = 8,246,400,000

Strike  1680  has a total call value of 10,634,400,000  versus a total put value of  1,040,400,000 Combined total value = 11,674,800,000

Strike  1700  has a total call value of 15,346,800,000  versus a total put value of  568,800,000 Combined total value = 15,915,600,000

Strike  1720  has a total call value of 22,683,600,000  versus a total put value of  267,600,000 Combined total value = 22,951,200,000

Strike  1740  has a total call value of 30,717,600,000  versus a total put value of  183,600,000 Combined total value = 30,901,200,000

Strike  1760  has a total call value of 39,565,200,000  versus a total put value of  120,000,000 Combined total value = 39,685,200,000

Strike  1780  has a total call value of 48,937,200,000  versus a total put value of  56,400,000 Combined total value = 48,993,600,000

Strike  1800  has a total call value of 58,556,400,000  versus a total put value of  0 Combined total value = 58,556,400,000

Strike  1820  has a total call value of 69,385,200,000  versus a total put value of  0 Combined total value = 69,385,200,000

Strike  1840  has a total call value of 80,214,000,000  versus a total put value of  0 Combined total value = 80,214,000,000

Strike  1860  has a total call value of 91,615,200,000  versus a total put value of  0 Combined total value = 91,615,200,000

Strike  1880  has a total call value of 103,016,400,000  versus a total put value of  0 Combined total value = 103,016,400,000

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.