TRENT
Trent Ltd
Max pain for TRENT
16 Sep 2024 04:12 PM IST
Max Pain for TRENT is 7100
Strike 4800 has a total call value of 0 versus a total put value of 334,594,000,000 Combined total value = 334,594,000,000
Strike 4900 has a total call value of 0 versus a total put value of 316,502,000,000 Combined total value = 316,502,000,000
Strike 5000 has a total call value of 0 versus a total put value of 298,410,000,000 Combined total value = 298,410,000,000
Strike 5100 has a total call value of 0 versus a total put value of 280,614,000,000 Combined total value = 280,614,000,000
Strike 5200 has a total call value of 0 versus a total put value of 262,818,000,000 Combined total value = 262,818,000,000
Strike 5300 has a total call value of 0 versus a total put value of 245,022,000,000 Combined total value = 245,022,000,000
Strike 5400 has a total call value of 0 versus a total put value of 227,226,000,000 Combined total value = 227,226,000,000
Strike 5500 has a total call value of 0 versus a total put value of 209,430,000,000 Combined total value = 209,430,000,000
Strike 5600 has a total call value of 0 versus a total put value of 192,230,000,000 Combined total value = 192,230,000,000
Strike 5700 has a total call value of 0 versus a total put value of 175,048,000,000 Combined total value = 175,048,000,000
Strike 5800 has a total call value of 0 versus a total put value of 158,014,000,000 Combined total value = 158,014,000,000
Strike 5900 has a total call value of 0 versus a total put value of 140,980,000,000 Combined total value = 140,980,000,000
Strike 6000 has a total call value of 0 versus a total put value of 123,988,000,000 Combined total value = 123,988,000,000
Strike 6100 has a total call value of 320,000,000 versus a total put value of 109,034,000,000 Combined total value = 109,354,000,000
Strike 6200 has a total call value of 640,000,000 versus a total put value of 94,118,000,000 Combined total value = 94,758,000,000
Strike 6300 has a total call value of 960,000,000 versus a total put value of 79,860,000,000 Combined total value = 80,820,000,000
Strike 6400 has a total call value of 1,280,000,000 versus a total put value of 66,302,000,000 Combined total value = 67,582,000,000
Strike 6500 has a total call value of 1,600,000,000 versus a total put value of 53,666,000,000 Combined total value = 55,266,000,000
Strike 6600 has a total call value of 2,324,000,000 versus a total put value of 43,404,000,000 Combined total value = 45,728,000,000
Strike 6700 has a total call value of 3,048,000,000 versus a total put value of 33,768,000,000 Combined total value = 36,816,000,000
Strike 6800 has a total call value of 3,902,000,000 versus a total put value of 24,960,000,000 Combined total value = 28,862,000,000
Strike 6900 has a total call value of 5,054,000,000 versus a total put value of 17,338,000,000 Combined total value = 22,392,000,000
Strike 7000 has a total call value of 6,464,000,000 versus a total put value of 10,442,000,000 Combined total value = 16,906,000,000
Strike 7100 has a total call value of 9,006,000,000 versus a total put value of 5,908,000,000 Combined total value = 14,914,000,000
Strike 7200 has a total call value of 12,588,000,000 versus a total put value of 2,680,000,000 Combined total value = 15,268,000,000
Strike 7300 has a total call value of 18,532,000,000 versus a total put value of 926,000,000 Combined total value = 19,458,000,000
Strike 7400 has a total call value of 27,396,000,000 versus a total put value of 314,000,000 Combined total value = 27,710,000,000
Strike 7500 has a total call value of 38,392,000,000 versus a total put value of 0 Combined total value = 38,392,000,000
Strike 7600 has a total call value of 52,032,000,000 versus a total put value of 0 Combined total value = 52,032,000,000
Strike 7700 has a total call value of 66,924,000,000 versus a total put value of 0 Combined total value = 66,924,000,000
Strike 7800 has a total call value of 82,486,000,000 versus a total put value of 0 Combined total value = 82,486,000,000
Strike 7900 has a total call value of 99,854,000,000 versus a total put value of 0 Combined total value = 99,854,000,000
Strike 8000 has a total call value of 117,650,000,000 versus a total put value of 0 Combined total value = 117,650,000,000
Strike 8100 has a total call value of 137,766,000,000 versus a total put value of 0 Combined total value = 137,766,000,000
Strike 8200 has a total call value of 158,346,000,000 versus a total put value of 0 Combined total value = 158,346,000,000
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.