VOLTAS
Voltas Limited
Max pain for VOLTAS
25 Sep 2023 12:12 PM IST
Max Pain for VOLTAS is 880
Strike 630 has a total call value of 0 versus a total put value of 404,778,000 Combined total value = 404,778,000
Strike 640 has a total call value of 0 versus a total put value of 386,472,000 Combined total value = 386,472,000
Strike 650 has a total call value of 0 versus a total put value of 368,166,000 Combined total value = 368,166,000
Strike 660 has a total call value of 0 versus a total put value of 349,860,000 Combined total value = 349,860,000
Strike 670 has a total call value of 0 versus a total put value of 331,554,000 Combined total value = 331,554,000
Strike 680 has a total call value of 0 versus a total put value of 313,248,000 Combined total value = 313,248,000
Strike 690 has a total call value of 0 versus a total put value of 294,942,000 Combined total value = 294,942,000
Strike 700 has a total call value of 0 versus a total put value of 276,636,000 Combined total value = 276,636,000
Strike 710 has a total call value of 0 versus a total put value of 258,444,000 Combined total value = 258,444,000
Strike 720 has a total call value of 0 versus a total put value of 240,252,000 Combined total value = 240,252,000
Strike 730 has a total call value of 0 versus a total put value of 222,060,000 Combined total value = 222,060,000
Strike 740 has a total call value of 0 versus a total put value of 203,868,000 Combined total value = 203,868,000
Strike 750 has a total call value of 0 versus a total put value of 185,700,000 Combined total value = 185,700,000
Strike 760 has a total call value of 30,000 versus a total put value of 167,862,000 Combined total value = 167,892,000
Strike 770 has a total call value of 60,000 versus a total put value of 150,024,000 Combined total value = 150,084,000
Strike 780 has a total call value of 96,000 versus a total put value of 132,186,000 Combined total value = 132,282,000
Strike 790 has a total call value of 138,000 versus a total put value of 115,038,000 Combined total value = 115,176,000
Strike 800 has a total call value of 186,000 versus a total put value of 97,956,000 Combined total value = 98,142,000
Strike 810 has a total call value of 582,000 versus a total put value of 83,898,000 Combined total value = 84,480,000
Strike 820 has a total call value of 1,050,000 versus a total put value of 70,164,000 Combined total value = 71,214,000
Strike 830 has a total call value of 1,614,000 versus a total put value of 57,348,000 Combined total value = 58,962,000
Strike 840 has a total call value of 2,340,000 versus a total put value of 45,840,000 Combined total value = 48,180,000
Strike 850 has a total call value of 3,246,000 versus a total put value of 36,024,000 Combined total value = 39,270,000
Strike 860 has a total call value of 5,520,000 versus a total put value of 27,612,000 Combined total value = 33,132,000
Strike 870 has a total call value of 9,006,000 versus a total put value of 20,316,000 Combined total value = 29,322,000
Strike 880 has a total call value of 14,262,000 versus a total put value of 13,866,000 Combined total value = 28,128,000
Strike 890 has a total call value of 22,602,000 versus a total put value of 9,222,000 Combined total value = 31,824,000
Strike 900 has a total call value of 34,842,000 versus a total put value of 5,304,000 Combined total value = 40,146,000
Strike 910 has a total call value of 63,648,000 versus a total put value of 3,330,000 Combined total value = 66,978,000
Strike 920 has a total call value of 97,692,000 versus a total put value of 2,322,000 Combined total value = 100,014,000
Strike 930 has a total call value of 135,270,000 versus a total put value of 1,692,000 Combined total value = 136,962,000
Strike 940 has a total call value of 174,276,000 versus a total put value of 1,146,000 Combined total value = 175,422,000
Strike 950 has a total call value of 215,556,000 versus a total put value of 720,000 Combined total value = 216,276,000
Strike 960 has a total call value of 259,950,000 versus a total put value of 456,000 Combined total value = 260,406,000
Strike 970 has a total call value of 305,154,000 versus a total put value of 252,000 Combined total value = 305,406,000
Strike 980 has a total call value of 351,156,000 versus a total put value of 120,000 Combined total value = 351,276,000
Strike 990 has a total call value of 399,096,000 versus a total put value of 30,000 Combined total value = 399,126,000
Strike 1000 has a total call value of 447,912,000 versus a total put value of 0 Combined total value = 447,912,000
Strike 1010 has a total call value of 498,594,000 versus a total put value of 0 Combined total value = 498,594,000
Strike 1020 has a total call value of 549,402,000 versus a total put value of 0 Combined total value = 549,402,000
Strike 1030 has a total call value of 600,738,000 versus a total put value of 0 Combined total value = 600,738,000
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
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.