UPL
UPL LIMITED
Max pain for UPL
18 Mar 2024 04:21 PM IST
Max Pain for UPL is 480
Strike 380 has a total call value of 0 versus a total put value of 87,343,750,000 Combined total value = 87,343,750,000
Strike 385 has a total call value of 0 versus a total put value of 83,082,350,000 Combined total value = 83,082,350,000
Strike 390 has a total call value of 0 versus a total put value of 78,820,950,000 Combined total value = 78,820,950,000
Strike 395 has a total call value of 0 versus a total put value of 74,559,550,000 Combined total value = 74,559,550,000
Strike 400 has a total call value of 0 versus a total put value of 70,298,150,000 Combined total value = 70,298,150,000
Strike 405 has a total call value of 1,300,000 versus a total put value of 66,269,450,000 Combined total value = 66,270,750,000
Strike 410 has a total call value of 2,600,000 versus a total put value of 62,245,300,000 Combined total value = 62,247,900,000
Strike 415 has a total call value of 5,200,000 versus a total put value of 58,282,250,000 Combined total value = 58,287,450,000
Strike 420 has a total call value of 7,800,000 versus a total put value of 54,332,200,000 Combined total value = 54,340,000,000
Strike 425 has a total call value of 16,900,000 versus a total put value of 50,503,700,000 Combined total value = 50,520,600,000
Strike 430 has a total call value of 28,600,000 versus a total put value of 46,710,300,000 Combined total value = 46,738,900,000
Strike 435 has a total call value of 46,800,000 versus a total put value of 43,071,600,000 Combined total value = 43,118,400,000
Strike 440 has a total call value of 68,900,000 versus a total put value of 39,520,650,000 Combined total value = 39,589,550,000
Strike 445 has a total call value of 110,500,000 versus a total put value of 36,142,600,000 Combined total value = 36,253,100,000
Strike 450 has a total call value of 167,700,000 versus a total put value of 32,826,300,000 Combined total value = 32,994,000,000
Strike 455 has a total call value of 417,300,000 versus a total put value of 29,961,750,000 Combined total value = 30,379,050,000
Strike 460 has a total call value of 721,500,000 versus a total put value of 27,216,150,000 Combined total value = 27,937,650,000
Strike 465 has a total call value of 1,149,850,000 versus a total put value of 24,768,900,000 Combined total value = 25,918,750,000
Strike 470 has a total call value of 1,705,600,000 versus a total put value of 22,474,400,000 Combined total value = 24,180,000,000
Strike 475 has a total call value of 2,887,950,000 versus a total put value of 20,558,850,000 Combined total value = 23,446,800,000
Strike 480 has a total call value of 4,414,800,000 versus a total put value of 18,733,650,000 Combined total value = 23,148,450,000
Strike 485 has a total call value of 6,830,200,000 versus a total put value of 17,152,850,000 Combined total value = 23,983,050,000
Strike 490 has a total call value of 9,651,200,000 versus a total put value of 15,630,550,000 Combined total value = 25,281,750,000
Strike 495 has a total call value of 13,132,600,000 versus a total put value of 14,207,050,000 Combined total value = 27,339,650,000
Strike 500 has a total call value of 16,836,300,000 versus a total put value of 12,783,550,000 Combined total value = 29,619,850,000
Strike 505 has a total call value of 23,205,650,000 versus a total put value of 11,739,650,000 Combined total value = 34,945,300,000
Strike 510 has a total call value of 29,698,500,000 versus a total put value of 10,704,850,000 Combined total value = 40,403,350,000
Strike 515 has a total call value of 36,544,300,000 versus a total put value of 9,696,050,000 Combined total value = 46,240,350,000
Strike 520 has a total call value of 43,466,800,000 versus a total put value of 8,692,450,000 Combined total value = 52,159,250,000
Strike 525 has a total call value of 50,913,850,000 versus a total put value of 7,885,150,000 Combined total value = 58,799,000,000
Strike 530 has a total call value of 58,438,900,000 versus a total put value of 7,085,000,000 Combined total value = 65,523,900,000
Strike 535 has a total call value of 66,242,800,000 versus a total put value of 6,353,100,000 Combined total value = 72,595,900,000
Strike 540 has a total call value of 74,074,000,000 versus a total put value of 5,621,200,000 Combined total value = 79,695,200,000
Strike 545 has a total call value of 82,119,050,000 versus a total put value of 4,971,850,000 Combined total value = 87,090,900,000
Strike 550 has a total call value of 90,164,100,000 versus a total put value of 4,322,500,000 Combined total value = 94,486,600,000
Strike 555 has a total call value of 99,007,350,000 versus a total put value of 3,977,350,000 Combined total value = 102,984,700,000
Strike 560 has a total call value of 107,850,600,000 versus a total put value of 3,632,200,000 Combined total value = 111,482,800,000
Strike 565 has a total call value of 116,773,800,000 versus a total put value of 3,287,050,000 Combined total value = 120,060,850,000
Strike 570 has a total call value of 125,697,000,000 versus a total put value of 2,941,900,000 Combined total value = 128,638,900,000
Strike 575 has a total call value of 134,668,300,000 versus a total put value of 2,596,750,000 Combined total value = 137,265,050,000
Strike 580 has a total call value of 143,639,600,000 versus a total put value of 2,251,600,000 Combined total value = 145,891,200,000
Strike 585 has a total call value of 152,686,950,000 versus a total put value of 1,906,450,000 Combined total value = 154,593,400,000
Strike 590 has a total call value of 161,734,300,000 versus a total put value of 1,561,300,000 Combined total value = 163,295,600,000
Strike 595 has a total call value of 170,781,650,000 versus a total put value of 1,216,150,000 Combined total value = 171,997,800,000
Strike 600 has a total call value of 179,829,000,000 versus a total put value of 871,000,000 Combined total value = 180,700,000,000
Strike 605 has a total call value of 189,192,250,000 versus a total put value of 783,900,000 Combined total value = 189,976,150,000
Strike 610 has a total call value of 198,555,500,000 versus a total put value of 696,800,000 Combined total value = 199,252,300,000
Strike 615 has a total call value of 207,918,750,000 versus a total put value of 609,700,000 Combined total value = 208,528,450,000
Strike 620 has a total call value of 217,282,000,000 versus a total put value of 522,600,000 Combined total value = 217,804,600,000
Strike 625 has a total call value of 226,645,250,000 versus a total put value of 435,500,000 Combined total value = 227,080,750,000
Strike 630 has a total call value of 236,008,500,000 versus a total put value of 348,400,000 Combined total value = 236,356,900,000
Strike 635 has a total call value of 245,371,750,000 versus a total put value of 261,300,000 Combined total value = 245,633,050,000
Strike 640 has a total call value of 254,735,000,000 versus a total put value of 174,200,000 Combined total value = 254,909,200,000
Strike 645 has a total call value of 264,098,250,000 versus a total put value of 87,100,000 Combined total value = 264,185,350,000
Strike 650 has a total call value of 273,461,500,000 versus a total put value of 0 Combined total value = 273,461,500,000
Max Pain - Choose a symbol
Index
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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.