TRENT
Trent Limited
Max pain for TRENT
25 Sep 2023 10:56 AM IST
Max Pain for TRENT is 2040
Strike 1400 has a total call value of 0 versus a total put value of 420,368,000 Combined total value = 420,368,000
Strike 1420 has a total call value of 8,000 versus a total put value of 403,640,000 Combined total value = 403,648,000
Strike 1440 has a total call value of 16,000 versus a total put value of 386,912,000 Combined total value = 386,928,000
Strike 1460 has a total call value of 24,000 versus a total put value of 370,184,000 Combined total value = 370,208,000
Strike 1480 has a total call value of 32,000 versus a total put value of 353,456,000 Combined total value = 353,488,000
Strike 1500 has a total call value of 40,000 versus a total put value of 336,728,000 Combined total value = 336,768,000
Strike 1520 has a total call value of 80,000 versus a total put value of 320,000,000 Combined total value = 320,080,000
Strike 1540 has a total call value of 120,000 versus a total put value of 303,272,000 Combined total value = 303,392,000
Strike 1560 has a total call value of 160,000 versus a total put value of 286,544,000 Combined total value = 286,704,000
Strike 1580 has a total call value of 200,000 versus a total put value of 269,816,000 Combined total value = 270,016,000
Strike 1600 has a total call value of 240,000 versus a total put value of 253,088,000 Combined total value = 253,328,000
Strike 1620 has a total call value of 288,000 versus a total put value of 236,424,000 Combined total value = 236,712,000
Strike 1640 has a total call value of 336,000 versus a total put value of 219,760,000 Combined total value = 220,096,000
Strike 1660 has a total call value of 392,000 versus a total put value of 203,096,000 Combined total value = 203,488,000
Strike 1680 has a total call value of 456,000 versus a total put value of 186,440,000 Combined total value = 186,896,000
Strike 1700 has a total call value of 520,000 versus a total put value of 169,784,000 Combined total value = 170,304,000
Strike 1720 has a total call value of 728,000 versus a total put value of 153,912,000 Combined total value = 154,640,000
Strike 1740 has a total call value of 936,000 versus a total put value of 138,040,000 Combined total value = 138,976,000
Strike 1760 has a total call value of 1,208,000 versus a total put value of 122,168,000 Combined total value = 123,376,000
Strike 1780 has a total call value of 1,496,000 versus a total put value of 106,296,000 Combined total value = 107,792,000
Strike 1800 has a total call value of 1,784,000 versus a total put value of 90,424,000 Combined total value = 92,208,000
Strike 1820 has a total call value of 2,208,000 versus a total put value of 80,064,000 Combined total value = 82,272,000
Strike 1840 has a total call value of 2,632,000 versus a total put value of 69,728,000 Combined total value = 72,360,000
Strike 1860 has a total call value of 3,056,000 versus a total put value of 59,400,000 Combined total value = 62,456,000
Strike 1880 has a total call value of 3,480,000 versus a total put value of 49,320,000 Combined total value = 52,800,000
Strike 1900 has a total call value of 3,904,000 versus a total put value of 39,240,000 Combined total value = 43,144,000
Strike 1920 has a total call value of 4,632,000 versus a total put value of 33,120,000 Combined total value = 37,752,000
Strike 1940 has a total call value of 5,360,000 versus a total put value of 27,168,000 Combined total value = 32,528,000
Strike 1960 has a total call value of 6,096,000 versus a total put value of 21,280,000 Combined total value = 27,376,000
Strike 1980 has a total call value of 6,848,000 versus a total put value of 15,792,000 Combined total value = 22,640,000
Strike 2000 has a total call value of 7,616,000 versus a total put value of 10,664,000 Combined total value = 18,280,000
Strike 2020 has a total call value of 9,152,000 versus a total put value of 7,672,000 Combined total value = 16,824,000
Strike 2040 has a total call value of 10,840,000 versus a total put value of 5,128,000 Combined total value = 15,968,000
Strike 2060 has a total call value of 13,432,000 versus a total put value of 3,280,000 Combined total value = 16,712,000
Strike 2080 has a total call value of 17,640,000 versus a total put value of 1,912,000 Combined total value = 19,552,000
Strike 2100 has a total call value of 23,216,000 versus a total put value of 808,000 Combined total value = 24,024,000
Strike 2120 has a total call value of 37,464,000 versus a total put value of 528,000 Combined total value = 37,992,000
Strike 2140 has a total call value of 52,512,000 versus a total put value of 360,000 Combined total value = 52,872,000
Strike 2160 has a total call value of 69,536,000 versus a total put value of 232,000 Combined total value = 69,768,000
Strike 2180 has a total call value of 87,400,000 versus a total put value of 128,000 Combined total value = 87,528,000
Strike 2200 has a total call value of 105,792,000 versus a total put value of 40,000 Combined total value = 105,832,000
Strike 2220 has a total call value of 126,960,000 versus a total put value of 16,000 Combined total value = 126,976,000
Strike 2240 has a total call value of 148,456,000 versus a total put value of 0 Combined total value = 148,456,000
Strike 2260 has a total call value of 170,200,000 versus a total put value of 0 Combined total value = 170,200,000
Strike 2280 has a total call value of 192,128,000 versus a total put value of 0 Combined total value = 192,128,000
Strike 2300 has a total call value of 214,096,000 versus a total put value of 0 Combined total value = 214,096,000
Strike 2320 has a total call value of 237,608,000 versus a total put value of 0 Combined total value = 237,608,000
Strike 2340 has a total call value of 261,640,000 versus a total put value of 0 Combined total value = 261,640,000
Max Pain - Choose a symbol
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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.