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TORNTPHARM
TORRENT PHARMACEUTICALS L

2600.6 28.20 (1.10%)


Strike  2200  has a total call value of 0  versus a total put value of  910,000,000 Combined total value = 910,000,000

Strike  2220  has a total call value of 1,000,000  versus a total put value of  844,000,000 Combined total value = 845,000,000

Strike  2240  has a total call value of 2,000,000  versus a total put value of  778,000,000 Combined total value = 780,000,000

Strike  2260  has a total call value of 3,000,000  versus a total put value of  712,000,000 Combined total value = 715,000,000

Strike  2280  has a total call value of 4,000,000  versus a total put value of  646,000,000 Combined total value = 650,000,000

Strike  2300  has a total call value of 5,000,000  versus a total put value of  580,000,000 Combined total value = 585,000,000

Strike  2320  has a total call value of 6,000,000  versus a total put value of  514,000,000 Combined total value = 520,000,000

Strike  2340  has a total call value of 7,000,000  versus a total put value of  448,000,000 Combined total value = 455,000,000

Strike  2360  has a total call value of 8,000,000  versus a total put value of  382,000,000 Combined total value = 390,000,000

Strike  2380  has a total call value of 9,000,000  versus a total put value of  316,000,000 Combined total value = 325,000,000

Strike  2400  has a total call value of 10,000,000  versus a total put value of  250,000,000 Combined total value = 260,000,000

Strike  2420  has a total call value of 11,000,000  versus a total put value of  203,000,000 Combined total value = 214,000,000

Strike  2440  has a total call value of 12,000,000  versus a total put value of  156,000,000 Combined total value = 168,000,000

Strike  2460  has a total call value of 13,000,000  versus a total put value of  109,000,000 Combined total value = 122,000,000

Strike  2480  has a total call value of 14,000,000  versus a total put value of  62,000,000 Combined total value = 76,000,000

Strike  2500  has a total call value of 15,000,000  versus a total put value of  15,000,000 Combined total value = 30,000,000

Strike  2520  has a total call value of 19,000,000  versus a total put value of  12,000,000 Combined total value = 31,000,000

Strike  2540  has a total call value of 23,000,000  versus a total put value of  9,000,000 Combined total value = 32,000,000

Strike  2560  has a total call value of 28,000,000  versus a total put value of  6,000,000 Combined total value = 34,000,000

Strike  2580  has a total call value of 35,000,000  versus a total put value of  3,000,000 Combined total value = 38,000,000

Strike  2600  has a total call value of 43,000,000  versus a total put value of  0 Combined total value = 43,000,000

Strike  2620  has a total call value of 70,000,000  versus a total put value of  0 Combined total value = 70,000,000

Strike  2640  has a total call value of 97,000,000  versus a total put value of  0 Combined total value = 97,000,000

Strike  2660  has a total call value of 124,000,000  versus a total put value of  0 Combined total value = 124,000,000

Strike  2680  has a total call value of 151,000,000  versus a total put value of  0 Combined total value = 151,000,000

Strike  2700  has a total call value of 178,000,000  versus a total put value of  0 Combined total value = 178,000,000

Strike  2720  has a total call value of 205,000,000  versus a total put value of  0 Combined total value = 205,000,000

Strike  2740  has a total call value of 232,000,000  versus a total put value of  0 Combined total value = 232,000,000

Strike  2760  has a total call value of 259,000,000  versus a total put value of  0 Combined total value = 259,000,000

Strike  2780  has a total call value of 286,000,000  versus a total put value of  0 Combined total value = 286,000,000

Strike  2800  has a total call value of 313,000,000  versus a total put value of  0 Combined total value = 313,000,000

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.