ZYDUSLIFE
Zydus Lifesciences Ltd
Max pain for ZYDUSLIFE
09 Sep 2024 04:11 PM IST
Max Pain for ZYDUSLIFE is 1140
Strike 940 has a total call value of 0 versus a total put value of 78,719,400,000 Combined total value = 78,719,400,000
Strike 960 has a total call value of 0 versus a total put value of 68,655,600,000 Combined total value = 68,655,600,000
Strike 980 has a total call value of 0 versus a total put value of 58,689,000,000 Combined total value = 58,689,000,000
Strike 1000 has a total call value of 0 versus a total put value of 48,978,000,000 Combined total value = 48,978,000,000
Strike 1020 has a total call value of 21,600,000 versus a total put value of 40,233,600,000 Combined total value = 40,255,200,000
Strike 1040 has a total call value of 57,600,000 versus a total put value of 31,833,000,000 Combined total value = 31,890,600,000
Strike 1060 has a total call value of 120,600,000 versus a total put value of 24,415,200,000 Combined total value = 24,535,800,000
Strike 1080 has a total call value of 219,600,000 versus a total put value of 17,668,800,000 Combined total value = 17,888,400,000
Strike 1100 has a total call value of 444,600,000 versus a total put value of 11,611,800,000 Combined total value = 12,056,400,000
Strike 1120 has a total call value of 1,864,800,000 versus a total put value of 7,574,400,000 Combined total value = 9,439,200,000
Strike 1140 has a total call value of 4,561,200,000 versus a total put value of 4,591,800,000 Combined total value = 9,153,000,000
Strike 1160 has a total call value of 9,651,600,000 versus a total put value of 2,687,400,000 Combined total value = 12,339,000,000
Strike 1180 has a total call value of 16,389,000,000 versus a total put value of 1,393,200,000 Combined total value = 17,782,200,000
Strike 1200 has a total call value of 23,999,400,000 versus a total put value of 363,600,000 Combined total value = 24,363,000,000
Strike 1220 has a total call value of 34,156,800,000 versus a total put value of 0 Combined total value = 34,156,800,000
Strike 1240 has a total call value of 45,012,600,000 versus a total put value of 0 Combined total value = 45,012,600,000
Strike 1260 has a total call value of 56,881,800,000 versus a total put value of 0 Combined total value = 56,881,800,000
Strike 1280 has a total call value of 69,328,800,000 versus a total put value of 0 Combined total value = 69,328,800,000
Strike 1300 has a total call value of 82,148,400,000 versus a total put value of 0 Combined total value = 82,148,400,000
Strike 1320 has a total call value of 96,928,200,000 versus a total put value of 0 Combined total value = 96,928,200,000
Strike 1340 has a total call value of 111,898,800,000 versus a total put value of 0 Combined total value = 111,898,800,000
Strike 1360 has a total call value of 127,071,000,000 versus a total put value of 0 Combined total value = 127,071,000,000
Strike 1380 has a total call value of 142,302,600,000 versus a total put value of 0 Combined total value = 142,302,600,000
Strike 1400 has a total call value of 157,534,200,000 versus a total put value of 0 Combined total value = 157,534,200,000
Strike 1420 has a total call value of 173,142,000,000 versus a total put value of 0 Combined total value = 173,142,000,000
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.