BANDHANBNK
Bandhan Bank Limited
Max pain for BANDHANBNK
25 Sep 2023 12:54 PM IST
Max Pain for BANDHANBNK is 245
Strike 175 has a total call value of 0 versus a total put value of 877,431,250 Combined total value = 877,431,250
Strike 177.5 has a total call value of 0 versus a total put value of 839,462,500 Combined total value = 839,462,500
Strike 180 has a total call value of 0 versus a total put value of 801,493,750 Combined total value = 801,493,750
Strike 182.5 has a total call value of 0 versus a total put value of 763,618,750 Combined total value = 763,618,750
Strike 185 has a total call value of 0 versus a total put value of 725,743,750 Combined total value = 725,743,750
Strike 187.5 has a total call value of 0 versus a total put value of 687,868,750 Combined total value = 687,868,750
Strike 190 has a total call value of 0 versus a total put value of 649,993,750 Combined total value = 649,993,750
Strike 192.5 has a total call value of 0 versus a total put value of 612,450,000 Combined total value = 612,450,000
Strike 195 has a total call value of 0 versus a total put value of 574,906,250 Combined total value = 574,906,250
Strike 197.5 has a total call value of 0 versus a total put value of 537,437,500 Combined total value = 537,437,500
Strike 200 has a total call value of 6,250 versus a total put value of 500,093,750 Combined total value = 500,100,000
Strike 202.5 has a total call value of 75,000 versus a total put value of 464,606,250 Combined total value = 464,681,250
Strike 205 has a total call value of 143,750 versus a total put value of 429,156,250 Combined total value = 429,300,000
Strike 207.5 has a total call value of 212,500 versus a total put value of 393,862,500 Combined total value = 394,075,000
Strike 210 has a total call value of 281,250 versus a total put value of 358,750,000 Combined total value = 359,031,250
Strike 212.5 has a total call value of 525,000 versus a total put value of 325,281,250 Combined total value = 325,806,250
Strike 215 has a total call value of 768,750 versus a total put value of 292,081,250 Combined total value = 292,850,000
Strike 217.5 has a total call value of 1,025,000 versus a total put value of 259,918,750 Combined total value = 260,943,750
Strike 220 has a total call value of 1,306,250 versus a total put value of 228,068,750 Combined total value = 229,375,000
Strike 222.5 has a total call value of 1,937,500 versus a total put value of 198,381,250 Combined total value = 200,318,750
Strike 225 has a total call value of 2,643,750 versus a total put value of 169,331,250 Combined total value = 171,975,000
Strike 227.5 has a total call value of 3,806,250 versus a total put value of 142,875,000 Combined total value = 146,681,250
Strike 230 has a total call value of 5,162,500 versus a total put value of 116,862,500 Combined total value = 122,025,000
Strike 232.5 has a total call value of 7,700,000 versus a total put value of 95,256,250 Combined total value = 102,956,250
Strike 235 has a total call value of 10,662,500 versus a total put value of 75,712,500 Combined total value = 86,375,000
Strike 237.5 has a total call value of 15,018,750 versus a total put value of 58,368,750 Combined total value = 73,387,500
Strike 240 has a total call value of 19,912,500 versus a total put value of 42,081,250 Combined total value = 61,993,750
Strike 242.5 has a total call value of 28,968,750 versus a total put value of 30,225,000 Combined total value = 59,193,750
Strike 245 has a total call value of 38,537,500 versus a total put value of 19,287,500 Combined total value = 57,825,000
Strike 247.5 has a total call value of 52,793,750 versus a total put value of 11,231,250 Combined total value = 64,025,000
Strike 250 has a total call value of 68,175,000 versus a total put value of 5,550,000 Combined total value = 73,725,000
Strike 252.5 has a total call value of 101,587,500 versus a total put value of 3,981,250 Combined total value = 105,568,750
Strike 255 has a total call value of 137,606,250 versus a total put value of 2,893,750 Combined total value = 140,500,000
Strike 257.5 has a total call value of 180,218,750 versus a total put value of 2,093,750 Combined total value = 182,312,500
Strike 260 has a total call value of 223,812,500 versus a total put value of 1,450,000 Combined total value = 225,262,500
Strike 262.5 has a total call value of 274,050,000 versus a total put value of 1,050,000 Combined total value = 275,100,000
Strike 265 has a total call value of 324,618,750 versus a total put value of 737,500 Combined total value = 325,356,250
Strike 267.5 has a total call value of 377,518,750 versus a total put value of 443,750 Combined total value = 377,962,500
Strike 270 has a total call value of 430,875,000 versus a total put value of 181,250 Combined total value = 431,056,250
Strike 272.5 has a total call value of 489,750,000 versus a total put value of 125,000 Combined total value = 489,875,000
Strike 275 has a total call value of 548,893,750 versus a total put value of 75,000 Combined total value = 548,968,750
Strike 277.5 has a total call value of 609,275,000 versus a total put value of 37,500 Combined total value = 609,312,500
Strike 280 has a total call value of 669,806,250 versus a total put value of 0 Combined total value = 669,806,250
Strike 282.5 has a total call value of 733,325,000 versus a total put value of 0 Combined total value = 733,325,000
Strike 285 has a total call value of 796,843,750 versus a total put value of 0 Combined total value = 796,843,750
Strike 287.5 has a total call value of 860,368,750 versus a total put value of 0 Combined total value = 860,368,750
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.