ULTRACEMCO
ULTRATECH CEMENT LIMITED
Max pain for ULTRACEMCO
29 Nov 2023 04:18 PM IST
Max Pain for ULTRACEMCO is 8600
Strike 7100 has a total call value of 0 versus a total put value of 69,172,500,000 Combined total value = 69,172,500,000
Strike 7150 has a total call value of 0 versus a total put value of 66,384,000,000 Combined total value = 66,384,000,000
Strike 7200 has a total call value of 0 versus a total put value of 63,595,500,000 Combined total value = 63,595,500,000
Strike 7250 has a total call value of 0 versus a total put value of 60,807,000,000 Combined total value = 60,807,000,000
Strike 7300 has a total call value of 0 versus a total put value of 58,018,500,000 Combined total value = 58,018,500,000
Strike 7350 has a total call value of 0 versus a total put value of 55,230,000,000 Combined total value = 55,230,000,000
Strike 7400 has a total call value of 0 versus a total put value of 52,441,500,000 Combined total value = 52,441,500,000
Strike 7450 has a total call value of 0 versus a total put value of 49,653,000,000 Combined total value = 49,653,000,000
Strike 7500 has a total call value of 0 versus a total put value of 46,864,500,000 Combined total value = 46,864,500,000
Strike 7550 has a total call value of 0 versus a total put value of 44,111,500,000 Combined total value = 44,111,500,000
Strike 7600 has a total call value of 0 versus a total put value of 41,358,500,000 Combined total value = 41,358,500,000
Strike 7650 has a total call value of 0 versus a total put value of 38,628,000,000 Combined total value = 38,628,000,000
Strike 7700 has a total call value of 0 versus a total put value of 35,897,500,000 Combined total value = 35,897,500,000
Strike 7750 has a total call value of 0 versus a total put value of 33,184,000,000 Combined total value = 33,184,000,000
Strike 7800 has a total call value of 0 versus a total put value of 30,470,500,000 Combined total value = 30,470,500,000
Strike 7850 has a total call value of 0 versus a total put value of 27,800,000,000 Combined total value = 27,800,000,000
Strike 7900 has a total call value of 0 versus a total put value of 25,129,500,000 Combined total value = 25,129,500,000
Strike 7950 has a total call value of 1,500,000 versus a total put value of 22,477,000,000 Combined total value = 22,478,500,000
Strike 8000 has a total call value of 3,000,000 versus a total put value of 19,824,500,000 Combined total value = 19,827,500,000
Strike 8050 has a total call value of 47,000,000 versus a total put value of 17,314,500,000 Combined total value = 17,361,500,000
Strike 8100 has a total call value of 91,000,000 versus a total put value of 14,821,000,000 Combined total value = 14,912,000,000
Strike 8150 has a total call value of 135,000,000 versus a total put value of 12,435,000,000 Combined total value = 12,570,000,000
Strike 8200 has a total call value of 179,000,000 versus a total put value of 10,069,000,000 Combined total value = 10,248,000,000
Strike 8250 has a total call value of 269,500,000 versus a total put value of 8,678,000,000 Combined total value = 8,947,500,000
Strike 8300 has a total call value of 360,000,000 versus a total put value of 7,320,500,000 Combined total value = 7,680,500,000
Strike 8350 has a total call value of 504,500,000 versus a total put value of 6,108,500,000 Combined total value = 6,613,000,000
Strike 8400 has a total call value of 663,000,000 versus a total put value of 4,953,500,000 Combined total value = 5,616,500,000
Strike 8450 has a total call value of 886,000,000 versus a total put value of 3,913,500,000 Combined total value = 4,799,500,000
Strike 8500 has a total call value of 1,132,000,000 versus a total put value of 2,932,000,000 Combined total value = 4,064,000,000
Strike 8550 has a total call value of 1,505,000,000 versus a total put value of 2,120,500,000 Combined total value = 3,625,500,000
Strike 8600 has a total call value of 1,915,000,000 versus a total put value of 1,367,000,000 Combined total value = 3,282,000,000
Strike 8650 has a total call value of 2,496,000,000 versus a total put value of 828,500,000 Combined total value = 3,324,500,000
Strike 8700 has a total call value of 3,183,000,000 versus a total put value of 437,000,000 Combined total value = 3,620,000,000
Strike 8750 has a total call value of 4,279,000,000 versus a total put value of 263,500,000 Combined total value = 4,542,500,000
Strike 8800 has a total call value of 5,488,500,000 versus a total put value of 133,500,000 Combined total value = 5,622,000,000
Strike 8850 has a total call value of 7,049,500,000 versus a total put value of 89,500,000 Combined total value = 7,139,000,000
Strike 8900 has a total call value of 8,845,500,000 versus a total put value of 57,000,000 Combined total value = 8,902,500,000
Strike 8950 has a total call value of 10,866,000,000 versus a total put value of 33,000,000 Combined total value = 10,899,000,000
Strike 9000 has a total call value of 12,936,000,000 versus a total put value of 9,000,000 Combined total value = 12,945,000,000
Strike 9050 has a total call value of 15,298,500,000 versus a total put value of 7,500,000 Combined total value = 15,306,000,000
Strike 9100 has a total call value of 17,690,000,000 versus a total put value of 6,000,000 Combined total value = 17,696,000,000
Strike 9150 has a total call value of 20,159,000,000 versus a total put value of 4,500,000 Combined total value = 20,163,500,000
Strike 9200 has a total call value of 22,633,500,000 versus a total put value of 3,000,000 Combined total value = 22,636,500,000
Strike 9250 has a total call value of 25,203,000,000 versus a total put value of 1,500,000 Combined total value = 25,204,500,000
Strike 9300 has a total call value of 27,791,000,000 versus a total put value of 0 Combined total value = 27,791,000,000
Strike 9350 has a total call value of 30,403,500,000 versus a total put value of 0 Combined total value = 30,403,500,000
Strike 9400 has a total call value of 33,016,000,000 versus a total put value of 0 Combined total value = 33,016,000,000
Strike 9450 has a total call value of 35,628,500,000 versus a total put value of 0 Combined total value = 35,628,500,000
Strike 9500 has a total call value of 38,241,000,000 versus a total put value of 0 Combined total value = 38,241,000,000
Strike 9550 has a total call value of 40,857,500,000 versus a total put value of 0 Combined total value = 40,857,500,000
Strike 9600 has a total call value of 43,474,000,000 versus a total put value of 0 Combined total value = 43,474,000,000
Strike 9650 has a total call value of 46,090,500,000 versus a total put value of 0 Combined total value = 46,090,500,000
Strike 9700 has a total call value of 48,707,000,000 versus a total put value of 0 Combined total value = 48,707,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.