[--[65.84.65.76]--]
ULTRACEMCO
ULTRATECH CEMENT LIMITED

10170.55 275.70 (2.79%)

Max pain for ULTRACEMCO

23 May 2024 04:08 PM IST

Max Pain for ULTRACEMCO is 9800  



Strike  8500  has a total call value of 0  versus a total put value of  62,913,000,000 Combined total value = 62,913,000,000

Strike  8600  has a total call value of 0  versus a total put value of  57,336,000,000 Combined total value = 57,336,000,000

Strike  8700  has a total call value of 0  versus a total put value of  51,759,000,000 Combined total value = 51,759,000,000

Strike  8800  has a total call value of 0  versus a total put value of  46,182,000,000 Combined total value = 46,182,000,000

Strike  8900  has a total call value of 0  versus a total put value of  40,780,000,000 Combined total value = 40,780,000,000

Strike  9000  has a total call value of 0  versus a total put value of  35,481,000,000 Combined total value = 35,481,000,000

Strike  9100  has a total call value of 46,000,000  versus a total put value of  30,662,000,000 Combined total value = 30,708,000,000

Strike  9200  has a total call value of 92,000,000  versus a total put value of  25,924,000,000 Combined total value = 26,016,000,000

Strike  9300  has a total call value of 138,000,000  versus a total put value of  21,435,000,000 Combined total value = 21,573,000,000

Strike  9400  has a total call value of 221,000,000  versus a total put value of  17,199,000,000 Combined total value = 17,420,000,000

Strike  9500  has a total call value of 339,000,000  versus a total put value of  13,334,000,000 Combined total value = 13,673,000,000

Strike  9600  has a total call value of 608,000,000  versus a total put value of  9,942,000,000 Combined total value = 10,550,000,000

Strike  9700  has a total call value of 1,028,000,000  versus a total put value of  6,885,000,000 Combined total value = 7,913,000,000

Strike  9800  has a total call value of 2,400,000,000  versus a total put value of  4,466,000,000 Combined total value = 6,866,000,000

Strike  9900  has a total call value of 4,631,000,000  versus a total put value of  2,677,000,000 Combined total value = 7,308,000,000

Strike  10000  has a total call value of 7,392,000,000  versus a total put value of  1,345,000,000 Combined total value = 8,737,000,000

Strike  10100  has a total call value of 11,178,000,000  versus a total put value of  716,000,000 Combined total value = 11,894,000,000

Strike  10200  has a total call value of 15,552,000,000  versus a total put value of  390,000,000 Combined total value = 15,942,000,000

Strike  10300  has a total call value of 20,999,000,000  versus a total put value of  214,000,000 Combined total value = 21,213,000,000

Strike  10400  has a total call value of 27,240,000,000  versus a total put value of  110,000,000 Combined total value = 27,350,000,000

Strike  10500  has a total call value of 34,039,000,000  versus a total put value of  34,000,000 Combined total value = 34,073,000,000

Strike  10600  has a total call value of 42,653,000,000  versus a total put value of  20,000,000 Combined total value = 42,673,000,000

Strike  10700  has a total call value of 51,548,000,000  versus a total put value of  15,000,000 Combined total value = 51,563,000,000

Strike  10800  has a total call value of 60,679,000,000  versus a total put value of  10,000,000 Combined total value = 60,689,000,000

Strike  10900  has a total call value of 70,038,000,000  versus a total put value of  5,000,000 Combined total value = 70,043,000,000

Strike  11000  has a total call value of 79,461,000,000  versus a total put value of  0 Combined total value = 79,461,000,000

Strike  11100  has a total call value of 89,654,000,000  versus a total put value of  0 Combined total value = 89,654,000,000

Strike  11200  has a total call value of 99,847,000,000  versus a total put value of  0 Combined total value = 99,847,000,000

Strike  11300  has a total call value of 110,153,000,000  versus a total put value of  0 Combined total value = 110,153,000,000

Strike  11400  has a total call value of 120,459,000,000  versus a total put value of  0 Combined total value = 120,459,000,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.