TRENT
Trent Ltd
Max pain for TRENT
18 Oct 2024 02:02 PM IST
Max Pain for TRENT is 7800
Strike 5000 has a total call value of 0 versus a total put value of 537,098,000,000 Combined total value = 537,098,000,000
Strike 5200 has a total call value of 0 versus a total put value of 492,606,000,000 Combined total value = 492,606,000,000
Strike 5300 has a total call value of 0 versus a total put value of 470,360,000,000 Combined total value = 470,360,000,000
Strike 5400 has a total call value of 0 versus a total put value of 448,114,000,000 Combined total value = 448,114,000,000
Strike 5500 has a total call value of 0 versus a total put value of 425,868,000,000 Combined total value = 425,868,000,000
Strike 5600 has a total call value of 0 versus a total put value of 403,622,000,000 Combined total value = 403,622,000,000
Strike 5700 has a total call value of 0 versus a total put value of 381,376,000,000 Combined total value = 381,376,000,000
Strike 5800 has a total call value of 0 versus a total put value of 359,130,000,000 Combined total value = 359,130,000,000
Strike 5900 has a total call value of 0 versus a total put value of 336,884,000,000 Combined total value = 336,884,000,000
Strike 6000 has a total call value of 0 versus a total put value of 314,638,000,000 Combined total value = 314,638,000,000
Strike 6100 has a total call value of 0 versus a total put value of 293,260,000,000 Combined total value = 293,260,000,000
Strike 6200 has a total call value of 0 versus a total put value of 271,882,000,000 Combined total value = 271,882,000,000
Strike 6300 has a total call value of 88,000,000 versus a total put value of 251,060,000,000 Combined total value = 251,148,000,000
Strike 6400 has a total call value of 176,000,000 versus a total put value of 230,238,000,000 Combined total value = 230,414,000,000
Strike 6500 has a total call value of 264,000,000 versus a total put value of 209,564,000,000 Combined total value = 209,828,000,000
Strike 6600 has a total call value of 352,000,000 versus a total put value of 189,938,000,000 Combined total value = 190,290,000,000
Strike 6700 has a total call value of 440,000,000 versus a total put value of 170,312,000,000 Combined total value = 170,752,000,000
Strike 6800 has a total call value of 528,000,000 versus a total put value of 151,272,000,000 Combined total value = 151,800,000,000
Strike 6900 has a total call value of 616,000,000 versus a total put value of 132,646,000,000 Combined total value = 133,262,000,000
Strike 7000 has a total call value of 704,000,000 versus a total put value of 114,228,000,000 Combined total value = 114,932,000,000
Strike 7100 has a total call value of 1,048,000,000 versus a total put value of 98,706,000,000 Combined total value = 99,754,000,000
Strike 7200 has a total call value of 1,392,000,000 versus a total put value of 83,396,000,000 Combined total value = 84,788,000,000
Strike 7300 has a total call value of 1,736,000,000 versus a total put value of 68,992,000,000 Combined total value = 70,728,000,000
Strike 7400 has a total call value of 2,080,000,000 versus a total put value of 55,392,000,000 Combined total value = 57,472,000,000
Strike 7500 has a total call value of 2,876,000,000 versus a total put value of 42,802,000,000 Combined total value = 45,678,000,000
Strike 7600 has a total call value of 4,696,000,000 versus a total put value of 32,792,000,000 Combined total value = 37,488,000,000
Strike 7700 has a total call value of 7,244,000,000 versus a total put value of 23,708,000,000 Combined total value = 30,952,000,000
Strike 7800 has a total call value of 11,080,000,000 versus a total put value of 16,236,000,000 Combined total value = 27,316,000,000
Strike 7900 has a total call value of 17,260,000,000 versus a total put value of 10,464,000,000 Combined total value = 27,724,000,000
Strike 8000 has a total call value of 25,034,000,000 versus a total put value of 5,952,000,000 Combined total value = 30,986,000,000
Strike 8100 has a total call value of 37,544,000,000 versus a total put value of 3,394,000,000 Combined total value = 40,938,000,000
Strike 8200 has a total call value of 52,310,000,000 versus a total put value of 1,430,000,000 Combined total value = 53,740,000,000
Strike 8300 has a total call value of 72,004,000,000 versus a total put value of 410,000,000 Combined total value = 72,414,000,000
Strike 8400 has a total call value of 95,638,000,000 versus a total put value of 94,000,000 Combined total value = 95,732,000,000
Strike 8500 has a total call value of 121,776,000,000 versus a total put value of 0 Combined total value = 121,776,000,000
Strike 8600 has a total call value of 152,016,000,000 versus a total put value of 0 Combined total value = 152,016,000,000
Strike 8700 has a total call value of 183,854,000,000 versus a total put value of 0 Combined total value = 183,854,000,000
Strike 8800 has a total call value of 216,454,000,000 versus a total put value of 0 Combined total value = 216,454,000,000
Strike 8900 has a total call value of 251,812,000,000 versus a total put value of 0 Combined total value = 251,812,000,000
Strike 9000 has a total call value of 288,096,000,000 versus a total put value of 0 Combined total value = 288,096,000,000
Strike 9100 has a total call value of 327,100,000,000 versus a total put value of 0 Combined total value = 327,100,000,000
Strike 9200 has a total call value of 366,104,000,000 versus a total put value of 0 Combined total value = 366,104,000,000
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.
