ULTRACEMCO
ULTRATECH CEMENT LIMITED
Max pain for ULTRACEMCO
16 Apr 2024 04:18 PM IST
Max Pain for ULTRACEMCO is 9700
Strike 8700 has a total call value of 0 versus a total put value of 57,534,000,000 Combined total value = 57,534,000,000
Strike 8800 has a total call value of 0 versus a total put value of 50,559,000,000 Combined total value = 50,559,000,000
Strike 8900 has a total call value of 1,000,000 versus a total put value of 43,645,000,000 Combined total value = 43,646,000,000
Strike 9000 has a total call value of 5,000,000 versus a total put value of 37,008,000,000 Combined total value = 37,013,000,000
Strike 9100 has a total call value of 79,000,000 versus a total put value of 31,406,000,000 Combined total value = 31,485,000,000
Strike 9200 has a total call value of 168,000,000 versus a total put value of 25,994,000,000 Combined total value = 26,162,000,000
Strike 9300 has a total call value of 271,000,000 versus a total put value of 20,935,000,000 Combined total value = 21,206,000,000
Strike 9400 has a total call value of 443,000,000 versus a total put value of 16,310,000,000 Combined total value = 16,753,000,000
Strike 9500 has a total call value of 865,000,000 versus a total put value of 12,195,000,000 Combined total value = 13,060,000,000
Strike 9600 has a total call value of 1,978,000,000 versus a total put value of 8,757,000,000 Combined total value = 10,735,000,000
Strike 9700 has a total call value of 3,962,000,000 versus a total put value of 5,848,000,000 Combined total value = 9,810,000,000
Strike 9800 has a total call value of 7,796,000,000 versus a total put value of 3,580,000,000 Combined total value = 11,376,000,000
Strike 9900 has a total call value of 13,725,000,000 versus a total put value of 2,201,000,000 Combined total value = 15,926,000,000
Strike 10000 has a total call value of 21,557,000,000 versus a total put value of 1,134,000,000 Combined total value = 22,691,000,000
Strike 10100 has a total call value of 34,791,000,000 versus a total put value of 525,000,000 Combined total value = 35,316,000,000
Strike 10200 has a total call value of 49,428,000,000 versus a total put value of 65,000,000 Combined total value = 49,493,000,000
Strike 10300 has a total call value of 66,544,000,000 versus a total put value of 0 Combined total value = 66,544,000,000
Strike 10400 has a total call value of 85,395,000,000 versus a total put value of 0 Combined total value = 85,395,000,000
Strike 10500 has a total call value of 105,082,000,000 versus a total put value of 0 Combined total value = 105,082,000,000
Strike 10600 has a total call value of 128,705,000,000 versus a total put value of 0 Combined total value = 128,705,000,000
Strike 10700 has a total call value of 153,214,000,000 versus a total put value of 0 Combined total value = 153,214,000,000
Strike 10800 has a total call value of 178,110,000,000 versus a total put value of 0 Combined total value = 178,110,000,000
Strike 10900 has a total call value of 203,233,000,000 versus a total put value of 0 Combined total value = 203,233,000,000
Strike 11000 has a total call value of 228,515,000,000 versus a total put value of 0 Combined total value = 228,515,000,000
Strike 11100 has a total call value of 254,912,000,000 versus a total put value of 0 Combined total value = 254,912,000,000
Strike 11200 has a total call value of 281,309,000,000 versus a total put value of 0 Combined total value = 281,309,000,000
Strike 11300 has a total call value of 308,089,000,000 versus a total put value of 0 Combined total value = 308,089,000,000
Strike 11400 has a total call value of 334,869,000,000 versus a total put value of 0 Combined total value = 334,869,000,000
Max Pain - Choose a symbol
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E
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H
I
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L
M
N
O
P
R
S
T
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.