TITAN
Titan Company Limited
Max pain for TITAN
18 Sep 2024 04:11 PM IST
Max Pain for TITAN is 3700
Strike 3000 has a total call value of 0 versus a total put value of 135,508,100,000 Combined total value = 135,508,100,000
Strike 3020 has a total call value of 0 versus a total put value of 130,924,500,000 Combined total value = 130,924,500,000
Strike 3040 has a total call value of 0 versus a total put value of 126,340,900,000 Combined total value = 126,340,900,000
Strike 3060 has a total call value of 0 versus a total put value of 121,757,300,000 Combined total value = 121,757,300,000
Strike 3080 has a total call value of 0 versus a total put value of 117,173,700,000 Combined total value = 117,173,700,000
Strike 3100 has a total call value of 0 versus a total put value of 112,590,100,000 Combined total value = 112,590,100,000
Strike 3120 has a total call value of 0 versus a total put value of 108,015,250,000 Combined total value = 108,015,250,000
Strike 3140 has a total call value of 0 versus a total put value of 103,440,400,000 Combined total value = 103,440,400,000
Strike 3160 has a total call value of 0 versus a total put value of 98,865,550,000 Combined total value = 98,865,550,000
Strike 3180 has a total call value of 0 versus a total put value of 94,290,700,000 Combined total value = 94,290,700,000
Strike 3200 has a total call value of 0 versus a total put value of 89,725,300,000 Combined total value = 89,725,300,000
Strike 3220 has a total call value of 2,100,000 versus a total put value of 85,337,700,000 Combined total value = 85,339,800,000
Strike 3240 has a total call value of 4,200,000 versus a total put value of 80,950,100,000 Combined total value = 80,954,300,000
Strike 3260 has a total call value of 6,300,000 versus a total put value of 76,562,500,000 Combined total value = 76,568,800,000
Strike 3280 has a total call value of 8,400,000 versus a total put value of 72,174,900,000 Combined total value = 72,183,300,000
Strike 3300 has a total call value of 10,500,000 versus a total put value of 67,804,100,000 Combined total value = 67,814,600,000
Strike 3320 has a total call value of 38,150,000 versus a total put value of 63,608,650,000 Combined total value = 63,646,800,000
Strike 3340 has a total call value of 65,800,000 versus a total put value of 59,413,200,000 Combined total value = 59,479,000,000
Strike 3360 has a total call value of 93,450,000 versus a total put value of 55,268,500,000 Combined total value = 55,361,950,000
Strike 3380 has a total call value of 121,100,000 versus a total put value of 51,123,800,000 Combined total value = 51,244,900,000
Strike 3400 has a total call value of 148,750,000 versus a total put value of 47,014,450,000 Combined total value = 47,163,200,000
Strike 3420 has a total call value of 343,350,000 versus a total put value of 43,120,350,000 Combined total value = 43,463,700,000
Strike 3440 has a total call value of 545,650,000 versus a total put value of 39,252,850,000 Combined total value = 39,798,500,000
Strike 3460 has a total call value of 747,950,000 versus a total put value of 35,408,800,000 Combined total value = 36,156,750,000
Strike 3480 has a total call value of 950,250,000 versus a total put value of 31,691,100,000 Combined total value = 32,641,350,000
Strike 3500 has a total call value of 1,152,550,000 versus a total put value of 28,011,550,000 Combined total value = 29,164,100,000
Strike 3520 has a total call value of 1,461,950,000 versus a total put value of 24,710,700,000 Combined total value = 26,172,650,000
Strike 3540 has a total call value of 1,771,350,000 versus a total put value of 21,485,100,000 Combined total value = 23,256,450,000
Strike 3560 has a total call value of 2,129,400,000 versus a total put value of 18,396,000,000 Combined total value = 20,525,400,000
Strike 3580 has a total call value of 2,632,350,000 versus a total put value of 15,616,650,000 Combined total value = 18,249,000,000
Strike 3600 has a total call value of 3,193,400,000 versus a total put value of 12,943,350,000 Combined total value = 16,136,750,000
Strike 3620 has a total call value of 4,111,100,000 versus a total put value of 10,679,200,000 Combined total value = 14,790,300,000
Strike 3640 has a total call value of 5,125,050,000 versus a total put value of 8,608,600,000 Combined total value = 13,733,650,000
Strike 3660 has a total call value of 6,266,050,000 versus a total put value of 6,709,150,000 Combined total value = 12,975,200,000
Strike 3680 has a total call value of 7,483,700,000 versus a total put value of 4,991,350,000 Combined total value = 12,475,050,000
Strike 3700 has a total call value of 8,844,150,000 versus a total put value of 3,453,800,000 Combined total value = 12,297,950,000
Strike 3720 has a total call value of 10,665,900,000 versus a total put value of 2,416,400,000 Combined total value = 13,082,300,000
Strike 3740 has a total call value of 12,650,750,000 versus a total put value of 1,566,250,000 Combined total value = 14,217,000,000
Strike 3760 has a total call value of 14,946,400,000 versus a total put value of 901,250,000 Combined total value = 15,847,650,000
Strike 3780 has a total call value of 17,768,800,000 versus a total put value of 462,700,000 Combined total value = 18,231,500,000
Strike 3800 has a total call value of 21,019,950,000 versus a total put value of 196,700,000 Combined total value = 21,216,650,000
Strike 3820 has a total call value of 25,452,000,000 versus a total put value of 108,850,000 Combined total value = 25,560,850,000
Strike 3840 has a total call value of 30,102,450,000 versus a total put value of 49,350,000 Combined total value = 30,151,800,000
Strike 3860 has a total call value of 35,036,050,000 versus a total put value of 32,900,000 Combined total value = 35,068,950,000
Strike 3880 has a total call value of 40,238,800,000 versus a total put value of 16,450,000 Combined total value = 40,255,250,000
Strike 3900 has a total call value of 45,656,800,000 versus a total put value of 0 Combined total value = 45,656,800,000
Strike 3920 has a total call value of 51,351,300,000 versus a total put value of 0 Combined total value = 51,351,300,000
Strike 3940 has a total call value of 57,251,950,000 versus a total put value of 0 Combined total value = 57,251,950,000
Strike 3960 has a total call value of 63,191,450,000 versus a total put value of 0 Combined total value = 63,191,450,000
Strike 3980 has a total call value of 69,277,250,000 versus a total put value of 0 Combined total value = 69,277,250,000
Strike 4000 has a total call value of 75,390,350,000 versus a total put value of 0 Combined total value = 75,390,350,000
Strike 4020 has a total call value of 81,974,550,000 versus a total put value of 0 Combined total value = 81,974,550,000
Strike 4040 has a total call value of 88,558,750,000 versus a total put value of 0 Combined total value = 88,558,750,000
Strike 4060 has a total call value of 95,230,100,000 versus a total put value of 0 Combined total value = 95,230,100,000
Strike 4080 has a total call value of 101,901,450,000 versus a total put value of 0 Combined total value = 101,901,450,000
Strike 4100 has a total call value of 108,742,900,000 versus a total put value of 0 Combined total value = 108,742,900,000
Strike 4120 has a total call value of 115,584,350,000 versus a total put value of 0 Combined total value = 115,584,350,000
Strike 4140 has a total call value of 122,633,350,000 versus a total put value of 0 Combined total value = 122,633,350,000
Strike 4160 has a total call value of 129,682,350,000 versus a total put value of 0 Combined total value = 129,682,350,000
Strike 4180 has a total call value of 136,805,200,000 versus a total put value of 0 Combined total value = 136,805,200,000
Strike 4200 has a total call value of 143,928,050,000 versus a total put value of 0 Combined total value = 143,928,050,000
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.