TRENT
Trent Ltd
Max pain for TRENT
18 Oct 2024 10:42 AM IST
Max Pain for TRENT is 7900
Strike 6000 has a total call value of 0 versus a total put value of 301,502,000,000 Combined total value = 301,502,000,000
Strike 6100 has a total call value of 0 versus a total put value of 280,878,000,000 Combined total value = 280,878,000,000
Strike 6200 has a total call value of 0 versus a total put value of 260,254,000,000 Combined total value = 260,254,000,000
Strike 6300 has a total call value of 88,000,000 versus a total put value of 240,188,000,000 Combined total value = 240,276,000,000
Strike 6400 has a total call value of 176,000,000 versus a total put value of 220,122,000,000 Combined total value = 220,298,000,000
Strike 6500 has a total call value of 264,000,000 versus a total put value of 200,056,000,000 Combined total value = 200,320,000,000
Strike 6600 has a total call value of 352,000,000 versus a total put value of 181,056,000,000 Combined total value = 181,408,000,000
Strike 6700 has a total call value of 440,000,000 versus a total put value of 162,056,000,000 Combined total value = 162,496,000,000
Strike 6800 has a total call value of 528,000,000 versus a total put value of 143,646,000,000 Combined total value = 144,174,000,000
Strike 6900 has a total call value of 616,000,000 versus a total put value of 125,648,000,000 Combined total value = 126,264,000,000
Strike 7000 has a total call value of 704,000,000 versus a total put value of 107,854,000,000 Combined total value = 108,558,000,000
Strike 7100 has a total call value of 792,000,000 versus a total put value of 92,878,000,000 Combined total value = 93,670,000,000
Strike 7200 has a total call value of 880,000,000 versus a total put value of 78,114,000,000 Combined total value = 78,994,000,000
Strike 7300 has a total call value of 968,000,000 versus a total put value of 64,246,000,000 Combined total value = 65,214,000,000
Strike 7400 has a total call value of 1,056,000,000 versus a total put value of 51,162,000,000 Combined total value = 52,218,000,000
Strike 7500 has a total call value of 1,144,000,000 versus a total put value of 39,094,000,000 Combined total value = 40,238,000,000
Strike 7600 has a total call value of 2,236,000,000 versus a total put value of 29,796,000,000 Combined total value = 32,032,000,000
Strike 7700 has a total call value of 4,032,000,000 versus a total put value of 21,468,000,000 Combined total value = 25,500,000,000
Strike 7800 has a total call value of 6,886,000,000 versus a total put value of 14,564,000,000 Combined total value = 21,450,000,000
Strike 7900 has a total call value of 12,074,000,000 versus a total put value of 9,350,000,000 Combined total value = 21,424,000,000
Strike 8000 has a total call value of 18,818,000,000 versus a total put value of 5,414,000,000 Combined total value = 24,232,000,000
Strike 8100 has a total call value of 30,128,000,000 versus a total put value of 3,434,000,000 Combined total value = 33,562,000,000
Strike 8200 has a total call value of 43,718,000,000 versus a total put value of 1,454,000,000 Combined total value = 45,172,000,000
Strike 8300 has a total call value of 62,194,000,000 versus a total put value of 422,000,000 Combined total value = 62,616,000,000
Strike 8400 has a total call value of 84,588,000,000 versus a total put value of 98,000,000 Combined total value = 84,686,000,000
Strike 8500 has a total call value of 109,500,000,000 versus a total put value of 0 Combined total value = 109,500,000,000
Strike 8600 has a total call value of 138,392,000,000 versus a total put value of 0 Combined total value = 138,392,000,000
Strike 8700 has a total call value of 168,850,000,000 versus a total put value of 0 Combined total value = 168,850,000,000
Strike 8800 has a total call value of 200,070,000,000 versus a total put value of 0 Combined total value = 200,070,000,000
Strike 8900 has a total call value of 234,034,000,000 versus a total put value of 0 Combined total value = 234,034,000,000
Strike 9000 has a total call value of 268,914,000,000 versus a total put value of 0 Combined total value = 268,914,000,000
Strike 9100 has a total call value of 306,530,000,000 versus a total put value of 0 Combined total value = 306,530,000,000
Strike 9200 has a total call value of 344,146,000,000 versus a total put value of 0 Combined total value = 344,146,000,000
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.
