TRENT
Trent Ltd
Max pain for TRENT
11 Oct 2024 04:12 PM IST
Max Pain for TRENT is 8000
Strike 5000 has a total call value of 0 versus a total put value of 600,088,000,000 Combined total value = 600,088,000,000
Strike 5200 has a total call value of 0 versus a total put value of 550,744,000,000 Combined total value = 550,744,000,000
Strike 5300 has a total call value of 0 versus a total put value of 526,072,000,000 Combined total value = 526,072,000,000
Strike 5400 has a total call value of 0 versus a total put value of 501,400,000,000 Combined total value = 501,400,000,000
Strike 5500 has a total call value of 0 versus a total put value of 476,728,000,000 Combined total value = 476,728,000,000
Strike 5600 has a total call value of 0 versus a total put value of 452,056,000,000 Combined total value = 452,056,000,000
Strike 5700 has a total call value of 0 versus a total put value of 427,384,000,000 Combined total value = 427,384,000,000
Strike 5800 has a total call value of 0 versus a total put value of 402,712,000,000 Combined total value = 402,712,000,000
Strike 5900 has a total call value of 0 versus a total put value of 378,040,000,000 Combined total value = 378,040,000,000
Strike 6000 has a total call value of 0 versus a total put value of 353,368,000,000 Combined total value = 353,368,000,000
Strike 6100 has a total call value of 0 versus a total put value of 329,626,000,000 Combined total value = 329,626,000,000
Strike 6200 has a total call value of 0 versus a total put value of 305,884,000,000 Combined total value = 305,884,000,000
Strike 6300 has a total call value of 102,000,000 versus a total put value of 282,734,000,000 Combined total value = 282,836,000,000
Strike 6400 has a total call value of 204,000,000 versus a total put value of 259,584,000,000 Combined total value = 259,788,000,000
Strike 6500 has a total call value of 306,000,000 versus a total put value of 236,634,000,000 Combined total value = 236,940,000,000
Strike 6600 has a total call value of 488,000,000 versus a total put value of 214,856,000,000 Combined total value = 215,344,000,000
Strike 6700 has a total call value of 670,000,000 versus a total put value of 193,160,000,000 Combined total value = 193,830,000,000
Strike 6800 has a total call value of 852,000,000 versus a total put value of 172,090,000,000 Combined total value = 172,942,000,000
Strike 6900 has a total call value of 1,034,000,000 versus a total put value of 151,556,000,000 Combined total value = 152,590,000,000
Strike 7000 has a total call value of 1,216,000,000 versus a total put value of 131,258,000,000 Combined total value = 132,474,000,000
Strike 7100 has a total call value of 1,664,000,000 versus a total put value of 114,168,000,000 Combined total value = 115,832,000,000
Strike 7200 has a total call value of 2,112,000,000 versus a total put value of 97,354,000,000 Combined total value = 99,466,000,000
Strike 7300 has a total call value of 2,560,000,000 versus a total put value of 81,594,000,000 Combined total value = 84,154,000,000
Strike 7400 has a total call value of 3,316,000,000 versus a total put value of 66,586,000,000 Combined total value = 69,902,000,000
Strike 7500 has a total call value of 4,532,000,000 versus a total put value of 52,502,000,000 Combined total value = 57,034,000,000
Strike 7600 has a total call value of 6,750,000,000 versus a total put value of 41,026,000,000 Combined total value = 47,776,000,000
Strike 7700 has a total call value of 9,534,000,000 versus a total put value of 30,722,000,000 Combined total value = 40,256,000,000
Strike 7800 has a total call value of 12,840,000,000 versus a total put value of 21,466,000,000 Combined total value = 34,306,000,000
Strike 7900 has a total call value of 17,286,000,000 versus a total put value of 13,748,000,000 Combined total value = 31,034,000,000
Strike 8000 has a total call value of 22,530,000,000 versus a total put value of 7,440,000,000 Combined total value = 29,970,000,000
Strike 8100 has a total call value of 30,570,000,000 versus a total put value of 4,106,000,000 Combined total value = 34,676,000,000
Strike 8200 has a total call value of 40,008,000,000 versus a total put value of 1,876,000,000 Combined total value = 41,884,000,000
Strike 8300 has a total call value of 52,332,000,000 versus a total put value of 618,000,000 Combined total value = 52,950,000,000
Strike 8400 has a total call value of 66,766,000,000 versus a total put value of 230,000,000 Combined total value = 66,996,000,000
Strike 8500 has a total call value of 83,294,000,000 versus a total put value of 78,000,000 Combined total value = 83,372,000,000
Strike 8600 has a total call value of 102,772,000,000 versus a total put value of 56,000,000 Combined total value = 102,828,000,000
Strike 8700 has a total call value of 123,244,000,000 versus a total put value of 34,000,000 Combined total value = 123,278,000,000
Strike 8800 has a total call value of 144,324,000,000 versus a total put value of 12,000,000 Combined total value = 144,336,000,000
Strike 8900 has a total call value of 168,636,000,000 versus a total put value of 6,000,000 Combined total value = 168,642,000,000
Strike 9000 has a total call value of 193,868,000,000 versus a total put value of 0 Combined total value = 193,868,000,000
Strike 9100 has a total call value of 221,324,000,000 versus a total put value of 0 Combined total value = 221,324,000,000
Strike 9200 has a total call value of 248,780,000,000 versus a total put value of 0 Combined total value = 248,780,000,000
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.