TORNTPHARM
TORRENT PHARMACEUTICALS L
Max pain for TORNTPHARM
26 Apr 2024 02:20 PM IST
Max Pain for TORNTPHARM is 2700
Strike 2400 has a total call value of 0 versus a total put value of 1,282,500,000 Combined total value = 1,282,500,000
Strike 2420 has a total call value of 0 versus a total put value of 1,144,500,000 Combined total value = 1,144,500,000
Strike 2440 has a total call value of 0 versus a total put value of 1,006,500,000 Combined total value = 1,006,500,000
Strike 2460 has a total call value of 0 versus a total put value of 868,500,000 Combined total value = 868,500,000
Strike 2480 has a total call value of 0 versus a total put value of 734,500,000 Combined total value = 734,500,000
Strike 2500 has a total call value of 0 versus a total put value of 600,500,000 Combined total value = 600,500,000
Strike 2520 has a total call value of 5,500,000 versus a total put value of 495,500,000 Combined total value = 501,000,000
Strike 2540 has a total call value of 11,000,000 versus a total put value of 390,500,000 Combined total value = 401,500,000
Strike 2560 has a total call value of 16,500,000 versus a total put value of 287,500,000 Combined total value = 304,000,000
Strike 2580 has a total call value of 22,000,000 versus a total put value of 184,500,000 Combined total value = 206,500,000
Strike 2600 has a total call value of 27,500,000 versus a total put value of 81,500,000 Combined total value = 109,000,000
Strike 2620 has a total call value of 33,000,000 versus a total put value of 62,000,000 Combined total value = 95,000,000
Strike 2640 has a total call value of 38,500,000 versus a total put value of 46,500,000 Combined total value = 85,000,000
Strike 2660 has a total call value of 44,000,000 versus a total put value of 31,000,000 Combined total value = 75,000,000
Strike 2680 has a total call value of 49,500,000 versus a total put value of 15,500,000 Combined total value = 65,000,000
Strike 2700 has a total call value of 55,000,000 versus a total put value of 0 Combined total value = 55,000,000
Strike 2720 has a total call value of 109,000,000 versus a total put value of 0 Combined total value = 109,000,000
Strike 2740 has a total call value of 171,000,000 versus a total put value of 0 Combined total value = 171,000,000
Strike 2760 has a total call value of 235,000,000 versus a total put value of 0 Combined total value = 235,000,000
Strike 2780 has a total call value of 299,000,000 versus a total put value of 0 Combined total value = 299,000,000
Strike 2800 has a total call value of 363,000,000 versus a total put value of 0 Combined total value = 363,000,000
Strike 2820 has a total call value of 463,500,000 versus a total put value of 0 Combined total value = 463,500,000
Strike 2840 has a total call value of 564,000,000 versus a total put value of 0 Combined total value = 564,000,000
Strike 2860 has a total call value of 665,500,000 versus a total put value of 0 Combined total value = 665,500,000
Strike 2880 has a total call value of 769,500,000 versus a total put value of 0 Combined total value = 769,500,000
Strike 2900 has a total call value of 890,500,000 versus a total put value of 0 Combined total value = 890,500,000
Strike 2920 has a total call value of 1,076,000,000 versus a total put value of 0 Combined total value = 1,076,000,000
Strike 2940 has a total call value of 1,261,500,000 versus a total put value of 0 Combined total value = 1,261,500,000
Strike 2960 has a total call value of 1,447,000,000 versus a total put value of 0 Combined total value = 1,447,000,000
Strike 2980 has a total call value of 1,635,000,000 versus a total put value of 0 Combined total value = 1,635,000,000
Strike 3000 has a total call value of 1,823,000,000 versus a total put value of 0 Combined total value = 1,823,000,000
Strike 3020 has a total call value of 2,035,500,000 versus a total put value of 0 Combined total value = 2,035,500,000
Strike 3040 has a total call value of 2,248,000,000 versus a total put value of 0 Combined total value = 2,248,000,000
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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.