UPL
UPL Limited
Max pain for UPL
25 Sep 2023 10:42 AM IST
Max Pain for UPL is 620
Strike 480 has a total call value of 0 versus a total put value of 1,092,370,500 Combined total value = 1,092,370,500
Strike 485 has a total call value of 0 versus a total put value of 1,051,537,500 Combined total value = 1,051,537,500
Strike 490 has a total call value of 0 versus a total put value of 1,010,704,500 Combined total value = 1,010,704,500
Strike 495 has a total call value of 0 versus a total put value of 969,917,000 Combined total value = 969,917,000
Strike 500 has a total call value of 0 versus a total put value of 929,129,500 Combined total value = 929,129,500
Strike 505 has a total call value of 0 versus a total put value of 888,998,500 Combined total value = 888,998,500
Strike 510 has a total call value of 0 versus a total put value of 848,867,500 Combined total value = 848,867,500
Strike 515 has a total call value of 0 versus a total put value of 808,736,500 Combined total value = 808,736,500
Strike 520 has a total call value of 0 versus a total put value of 768,605,500 Combined total value = 768,605,500
Strike 525 has a total call value of 0 versus a total put value of 728,572,000 Combined total value = 728,572,000
Strike 530 has a total call value of 0 versus a total put value of 688,538,500 Combined total value = 688,538,500
Strike 535 has a total call value of 0 versus a total put value of 648,830,000 Combined total value = 648,830,000
Strike 540 has a total call value of 0 versus a total put value of 609,121,500 Combined total value = 609,121,500
Strike 545 has a total call value of 0 versus a total put value of 569,738,000 Combined total value = 569,738,000
Strike 550 has a total call value of 0 versus a total put value of 530,361,000 Combined total value = 530,361,000
Strike 555 has a total call value of 45,500 versus a total put value of 491,861,500 Combined total value = 491,907,000
Strike 560 has a total call value of 91,000 versus a total put value of 453,427,000 Combined total value = 453,518,000
Strike 565 has a total call value of 143,000 versus a total put value of 416,130,000 Combined total value = 416,273,000
Strike 570 has a total call value of 195,000 versus a total put value of 378,904,500 Combined total value = 379,099,500
Strike 575 has a total call value of 351,000 versus a total put value of 342,803,500 Combined total value = 343,154,500
Strike 580 has a total call value of 513,500 versus a total put value of 306,891,000 Combined total value = 307,404,500
Strike 585 has a total call value of 1,014,000 versus a total put value of 273,845,000 Combined total value = 274,859,000
Strike 590 has a total call value of 1,735,500 versus a total put value of 241,364,500 Combined total value = 243,100,000
Strike 595 has a total call value of 2,879,500 versus a total put value of 211,120,000 Combined total value = 213,999,500
Strike 600 has a total call value of 4,309,500 versus a total put value of 181,642,500 Combined total value = 185,952,000
Strike 605 has a total call value of 7,397,000 versus a total put value of 157,098,500 Combined total value = 164,495,500
Strike 610 has a total call value of 10,959,000 versus a total put value of 133,848,000 Combined total value = 144,807,000
Strike 615 has a total call value of 18,128,500 versus a total put value of 116,395,500 Combined total value = 134,524,000
Strike 620 has a total call value of 26,416,000 versus a total put value of 101,634,000 Combined total value = 128,050,000
Strike 625 has a total call value of 39,988,000 versus a total put value of 89,388,000 Combined total value = 129,376,000
Strike 630 has a total call value of 59,598,500 versus a total put value of 78,669,500 Combined total value = 138,268,000
Strike 635 has a total call value of 90,538,500 versus a total put value of 71,357,000 Combined total value = 161,895,500
Strike 640 has a total call value of 126,620,000 versus a total put value of 64,831,000 Combined total value = 191,451,000
Strike 645 has a total call value of 170,937,000 versus a total put value of 58,909,500 Combined total value = 229,846,500
Strike 650 has a total call value of 217,535,500 versus a total put value of 53,183,000 Combined total value = 270,718,500
Strike 655 has a total call value of 278,174,000 versus a total put value of 48,808,500 Combined total value = 326,982,500
Strike 660 has a total call value of 340,106,000 versus a total put value of 44,447,000 Combined total value = 384,553,000
Strike 665 has a total call value of 406,308,500 versus a total put value of 40,378,000 Combined total value = 446,686,500
Strike 670 has a total call value of 473,388,500 versus a total put value of 36,328,500 Combined total value = 509,717,000
Strike 675 has a total call value of 542,457,500 versus a total put value of 32,409,000 Combined total value = 574,866,500
Strike 680 has a total call value of 611,962,000 versus a total put value of 28,522,000 Combined total value = 640,484,000
Strike 685 has a total call value of 684,105,500 versus a total put value of 24,966,500 Combined total value = 709,072,000
Strike 690 has a total call value of 756,470,000 versus a total put value of 21,411,000 Combined total value = 777,881,000
Strike 695 has a total call value of 829,237,500 versus a total put value of 17,894,500 Combined total value = 847,132,000
Strike 700 has a total call value of 902,154,500 versus a total put value of 14,378,000 Combined total value = 916,532,500
Strike 705 has a total call value of 983,554,000 versus a total put value of 12,616,500 Combined total value = 996,170,500
Strike 710 has a total call value of 1,065,168,000 versus a total put value of 10,855,000 Combined total value = 1,076,023,000
Strike 715 has a total call value of 1,147,672,500 versus a total put value of 9,093,500 Combined total value = 1,156,766,000
Strike 720 has a total call value of 1,230,177,000 versus a total put value of 7,332,000 Combined total value = 1,237,509,000
Strike 725 has a total call value of 1,313,507,000 versus a total put value of 6,123,000 Combined total value = 1,319,630,000
Strike 730 has a total call value of 1,396,837,000 versus a total put value of 4,914,000 Combined total value = 1,401,751,000
Strike 735 has a total call value of 1,480,479,000 versus a total put value of 3,705,000 Combined total value = 1,484,184,000
Strike 740 has a total call value of 1,564,121,000 versus a total put value of 2,496,000 Combined total value = 1,566,617,000
Strike 745 has a total call value of 1,647,867,000 versus a total put value of 1,300,000 Combined total value = 1,649,167,000
Strike 750 has a total call value of 1,731,613,000 versus a total put value of 104,000 Combined total value = 1,731,717,000
Strike 755 has a total call value of 1,816,509,500 versus a total put value of 91,000 Combined total value = 1,816,600,500
Strike 760 has a total call value of 1,901,406,000 versus a total put value of 78,000 Combined total value = 1,901,484,000
Strike 765 has a total call value of 1,986,354,500 versus a total put value of 65,000 Combined total value = 1,986,419,500
Strike 770 has a total call value of 2,071,303,000 versus a total put value of 52,000 Combined total value = 2,071,355,000
Strike 775 has a total call value of 2,156,251,500 versus a total put value of 39,000 Combined total value = 2,156,290,500
Strike 780 has a total call value of 2,241,239,000 versus a total put value of 26,000 Combined total value = 2,241,265,000
Strike 785 has a total call value of 2,326,226,500 versus a total put value of 13,000 Combined total value = 2,326,239,500
Strike 790 has a total call value of 2,411,214,000 versus a total put value of 0 Combined total value = 2,411,214,000
Max Pain - Choose a symbol
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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.