TORNTPHARM
TORRENT PHARMACEUTICALS L
Max pain for TORNTPHARM
04 Jul 2024 11:32 AM IST
Max Pain for TORNTPHARM is 2800
Strike 2600 has a total call value of 0 versus a total put value of 1,130,000,000 Combined total value = 1,130,000,000
Strike 2620 has a total call value of 0 versus a total put value of 964,500,000 Combined total value = 964,500,000
Strike 2640 has a total call value of 0 versus a total put value of 799,000,000 Combined total value = 799,000,000
Strike 2660 has a total call value of 0 versus a total put value of 639,500,000 Combined total value = 639,500,000
Strike 2680 has a total call value of 0 versus a total put value of 480,000,000 Combined total value = 480,000,000
Strike 2700 has a total call value of 0 versus a total put value of 320,500,000 Combined total value = 320,500,000
Strike 2720 has a total call value of 1,500,000 versus a total put value of 252,000,000 Combined total value = 253,500,000
Strike 2740 has a total call value of 3,000,000 versus a total put value of 183,500,000 Combined total value = 186,500,000
Strike 2760 has a total call value of 4,500,000 versus a total put value of 121,500,000 Combined total value = 126,000,000
Strike 2780 has a total call value of 6,000,000 versus a total put value of 66,000,000 Combined total value = 72,000,000
Strike 2800 has a total call value of 7,500,000 versus a total put value of 10,500,000 Combined total value = 18,000,000
Strike 2820 has a total call value of 51,000,000 versus a total put value of 4,000,000 Combined total value = 55,000,000
Strike 2840 has a total call value of 104,000,000 versus a total put value of 2,000,000 Combined total value = 106,000,000
Strike 2860 has a total call value of 179,500,000 versus a total put value of 0 Combined total value = 179,500,000
Strike 2880 has a total call value of 262,000,000 versus a total put value of 0 Combined total value = 262,000,000
Strike 2900 has a total call value of 344,500,000 versus a total put value of 0 Combined total value = 344,500,000
Strike 2920 has a total call value of 473,500,000 versus a total put value of 0 Combined total value = 473,500,000
Strike 2940 has a total call value of 602,500,000 versus a total put value of 0 Combined total value = 602,500,000
Strike 2960 has a total call value of 732,500,000 versus a total put value of 0 Combined total value = 732,500,000
Strike 2980 has a total call value of 862,500,000 versus a total put value of 0 Combined total value = 862,500,000
Strike 3000 has a total call value of 992,500,000 versus a total put value of 0 Combined total value = 992,500,000
Strike 3020 has a total call value of 1,197,500,000 versus a total put value of 0 Combined total value = 1,197,500,000
Strike 3040 has a total call value of 1,402,500,000 versus a total put value of 0 Combined total value = 1,402,500,000
Strike 3060 has a total call value of 1,607,500,000 versus a total put value of 0 Combined total value = 1,607,500,000
Strike 3080 has a total call value of 1,812,500,000 versus a total put value of 0 Combined total value = 1,812,500,000
Strike 3100 has a total call value of 2,017,500,000 versus a total put value of 0 Combined total value = 2,017,500,000
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.