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BANDHANBNK
BANDHAN BANK LIMITED

180 -0.85 (-0.47%)


Strike  150  has a total call value of 0  versus a total put value of  48,414,375,000 Combined total value = 48,414,375,000

Strike  152.5  has a total call value of 0  versus a total put value of  45,246,875,000 Combined total value = 45,246,875,000

Strike  155  has a total call value of 0  versus a total put value of  42,079,375,000 Combined total value = 42,079,375,000

Strike  157.5  has a total call value of 0  versus a total put value of  38,930,625,000 Combined total value = 38,930,625,000

Strike  160  has a total call value of 0  versus a total put value of  35,781,875,000 Combined total value = 35,781,875,000

Strike  162.5  has a total call value of 7,500,000  versus a total put value of  32,819,375,000 Combined total value = 32,826,875,000

Strike  165  has a total call value of 15,000,000  versus a total put value of  29,856,875,000 Combined total value = 29,871,875,000

Strike  167.5  has a total call value of 22,500,000  versus a total put value of  27,062,500,000 Combined total value = 27,085,000,000

Strike  170  has a total call value of 30,000,000  versus a total put value of  24,272,500,000 Combined total value = 24,302,500,000

Strike  172.5  has a total call value of 117,500,000  versus a total put value of  21,833,125,000 Combined total value = 21,950,625,000

Strike  175  has a total call value of 205,000,000  versus a total put value of  19,413,125,000 Combined total value = 19,618,125,000

Strike  177.5  has a total call value of 326,250,000  versus a total put value of  17,150,625,000 Combined total value = 17,476,875,000

Strike  180  has a total call value of 455,625,000  versus a total put value of  14,901,250,000 Combined total value = 15,356,875,000

Strike  182.5  has a total call value of 1,105,625,000  versus a total put value of  13,288,750,000 Combined total value = 14,394,375,000

Strike  185  has a total call value of 1,797,500,000  versus a total put value of  11,714,375,000 Combined total value = 13,511,875,000

Strike  187.5  has a total call value of 2,832,500,000  versus a total put value of  10,300,625,000 Combined total value = 13,133,125,000

Strike  190  has a total call value of 3,893,125,000  versus a total put value of  8,902,500,000 Combined total value = 12,795,625,000

Strike  192.5  has a total call value of 5,520,000,000  versus a total put value of  7,781,875,000 Combined total value = 13,301,875,000

Strike  195  has a total call value of 7,156,875,000  versus a total put value of  6,661,250,000 Combined total value = 13,818,125,000

Strike  197.5  has a total call value of 8,943,750,000  versus a total put value of  5,603,750,000 Combined total value = 14,547,500,000

Strike  200  has a total call value of 10,739,375,000  versus a total put value of  4,546,250,000 Combined total value = 15,285,625,000

Strike  202.5  has a total call value of 13,572,500,000  versus a total put value of  3,886,250,000 Combined total value = 17,458,750,000

Strike  205  has a total call value of 16,406,250,000  versus a total put value of  3,226,250,000 Combined total value = 19,632,500,000

Strike  207.5  has a total call value of 19,314,375,000  versus a total put value of  2,627,500,000 Combined total value = 21,941,875,000

Strike  210  has a total call value of 22,222,500,000  versus a total put value of  2,028,750,000 Combined total value = 24,251,250,000

Strike  212.5  has a total call value of 25,427,500,000  versus a total put value of  1,615,000,000 Combined total value = 27,042,500,000

Strike  215  has a total call value of 28,632,500,000  versus a total put value of  1,201,250,000 Combined total value = 29,833,750,000

Strike  217.5  has a total call value of 31,911,250,000  versus a total put value of  931,250,000 Combined total value = 32,842,500,000

Strike  220  has a total call value of 35,190,000,000  versus a total put value of  661,250,000 Combined total value = 35,851,250,000

Strike  222.5  has a total call value of 38,717,500,000  versus a total put value of  508,125,000 Combined total value = 39,225,625,000

Strike  225  has a total call value of 42,245,000,000  versus a total put value of  355,000,000 Combined total value = 42,600,000,000

Strike  227.5  has a total call value of 45,806,250,000  versus a total put value of  227,500,000 Combined total value = 46,033,750,000

Strike  230  has a total call value of 49,367,500,000  versus a total put value of  100,000,000 Combined total value = 49,467,500,000

Strike  232.5  has a total call value of 53,026,250,000  versus a total put value of  50,000,000 Combined total value = 53,076,250,000

Strike  235  has a total call value of 56,685,000,000  versus a total put value of  0 Combined total value = 56,685,000,000

Strike  237.5  has a total call value of 60,383,750,000  versus a total put value of  0 Combined total value = 60,383,750,000

Strike  240  has a total call value of 64,082,500,000  versus a total put value of  0 Combined total value = 64,082,500,000

Strike  242.5  has a total call value of 67,781,250,000  versus a total put value of  0 Combined total value = 67,781,250,000

Strike  245  has a total call value of 71,480,000,000  versus a total put value of  0 Combined total value = 71,480,000,000

Strike  247.5  has a total call value of 75,178,750,000  versus a total put value of  0 Combined total value = 75,178,750,000

Strike  250  has a total call value of 78,877,500,000  versus a total put value of  0 Combined total value = 78,877,500,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.