USDINR
US Dollar to Indian Rupee
Max pain for USDINR
26 Jul 2024 05:40 PM IST
Max Pain for USDINR is 83.5
Strike 82 has a total call value of 0 versus a total put value of 3,917,225 Combined total value = 3,917,225
Strike 82.25 has a total call value of 0 versus a total put value of 3,144,225 Combined total value = 3,144,225
Strike 82.5 has a total call value of 0 versus a total put value of 2,371,225 Combined total value = 2,371,225
Strike 82.625 has a total call value of 0 versus a total put value of 2,022,387.5 Combined total value = 2,022,387.5
Strike 82.75 has a total call value of 0 versus a total put value of 1,673,550 Combined total value = 1,673,550
Strike 82.875 has a total call value of 0 versus a total put value of 1,324,712.5 Combined total value = 1,324,712.5
Strike 83 has a total call value of 0 versus a total put value of 975,875 Combined total value = 975,875
Strike 83.125 has a total call value of 0 versus a total put value of 731,937.5 Combined total value = 731,937.5
Strike 83.25 has a total call value of 0 versus a total put value of 488,000 Combined total value = 488,000
Strike 83.375 has a total call value of 0 versus a total put value of 244,062.5 Combined total value = 244,062.5
Strike 83.5 has a total call value of 0 versus a total put value of 125 Combined total value = 125
Strike 83.625 has a total call value of 128,825 versus a total put value of 0 Combined total value = 128,825
Strike 83.75 has a total call value of 257,775 versus a total put value of 0 Combined total value = 257,775
Strike 83.875 has a total call value of 444,450 versus a total put value of 0 Combined total value = 444,450
Strike 84 has a total call value of 631,125 versus a total put value of 0 Combined total value = 631,125
Strike 84.125 has a total call value of 1,670,012.5 versus a total put value of 0 Combined total value = 1,670,012.5
Strike 84.25 has a total call value of 2,708,900 versus a total put value of 0 Combined total value = 2,708,900
Strike 84.375 has a total call value of 3,824,637.5 versus a total put value of 0 Combined total value = 3,824,637.5
Strike 84.5 has a total call value of 4,940,375 versus a total put value of 0 Combined total value = 4,940,375
Strike 84.75 has a total call value of 7,436,375 versus a total put value of 0 Combined total value = 7,436,375
Strike 85 has a total call value of 9,932,375 versus a total put value of 0 Combined total value = 9,932,375
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.