BANDHANBNK
BANDHAN BANK LIMITED
Max pain for BANDHANBNK
19 Apr 2024 04:15 PM IST
Max Pain for BANDHANBNK is 190
Strike 145 has a total call value of 0 versus a total put value of 71,340,625,000 Combined total value = 71,340,625,000
Strike 147.5 has a total call value of 1,250,000 versus a total put value of 67,072,500,000 Combined total value = 67,073,750,000
Strike 150 has a total call value of 2,500,000 versus a total put value of 62,804,375,000 Combined total value = 62,806,875,000
Strike 152.5 has a total call value of 3,750,000 versus a total put value of 58,637,500,000 Combined total value = 58,641,250,000
Strike 155 has a total call value of 5,000,000 versus a total put value of 54,470,625,000 Combined total value = 54,475,625,000
Strike 157.5 has a total call value of 6,250,000 versus a total put value of 50,361,875,000 Combined total value = 50,368,125,000
Strike 160 has a total call value of 12,500,000 versus a total put value of 46,253,125,000 Combined total value = 46,265,625,000
Strike 162.5 has a total call value of 18,750,000 versus a total put value of 42,358,750,000 Combined total value = 42,377,500,000
Strike 165 has a total call value of 30,625,000 versus a total put value of 38,507,500,000 Combined total value = 38,538,125,000
Strike 167.5 has a total call value of 47,500,000 versus a total put value of 34,829,375,000 Combined total value = 34,876,875,000
Strike 170 has a total call value of 69,375,000 versus a total put value of 31,196,250,000 Combined total value = 31,265,625,000
Strike 172.5 has a total call value of 166,875,000 versus a total put value of 27,960,625,000 Combined total value = 28,127,500,000
Strike 175 has a total call value of 285,000,000 versus a total put value of 24,760,625,000 Combined total value = 25,045,625,000
Strike 177.5 has a total call value of 493,125,000 versus a total put value of 21,798,125,000 Combined total value = 22,291,250,000
Strike 180 has a total call value of 746,250,000 versus a total put value of 18,871,875,000 Combined total value = 19,618,125,000
Strike 182.5 has a total call value of 1,533,750,000 versus a total put value of 16,616,875,000 Combined total value = 18,150,625,000
Strike 185 has a total call value of 2,388,750,000 versus a total put value of 14,454,375,000 Combined total value = 16,843,125,000
Strike 187.5 has a total call value of 3,597,500,000 versus a total put value of 12,536,250,000 Combined total value = 16,133,750,000
Strike 190 has a total call value of 4,859,375,000 versus a total put value of 10,662,500,000 Combined total value = 15,521,875,000
Strike 192.5 has a total call value of 6,800,625,000 versus a total put value of 9,116,875,000 Combined total value = 15,917,500,000
Strike 195 has a total call value of 8,893,125,000 versus a total put value of 7,571,250,000 Combined total value = 16,464,375,000
Strike 197.5 has a total call value of 11,306,875,000 versus a total put value of 6,275,000,000 Combined total value = 17,581,875,000
Strike 200 has a total call value of 13,810,000,000 versus a total put value of 4,978,750,000 Combined total value = 18,788,750,000
Strike 202.5 has a total call value of 18,018,750,000 versus a total put value of 4,310,000,000 Combined total value = 22,328,750,000
Strike 205 has a total call value of 22,383,125,000 versus a total put value of 3,641,250,000 Combined total value = 26,024,375,000
Strike 207.5 has a total call value of 27,231,250,000 versus a total put value of 2,972,500,000 Combined total value = 30,203,750,000
Strike 210 has a total call value of 32,128,750,000 versus a total put value of 2,325,000,000 Combined total value = 34,453,750,000
Strike 212.5 has a total call value of 37,742,500,000 versus a total put value of 1,884,375,000 Combined total value = 39,626,875,000
Strike 215 has a total call value of 43,398,750,000 versus a total put value of 1,446,250,000 Combined total value = 44,845,000,000
Strike 217.5 has a total call value of 49,213,125,000 versus a total put value of 1,105,625,000 Combined total value = 50,318,750,000
Strike 220 has a total call value of 55,047,500,000 versus a total put value of 765,000,000 Combined total value = 55,812,500,000
Strike 222.5 has a total call value of 61,415,625,000 versus a total put value of 578,750,000 Combined total value = 61,994,375,000
Strike 225 has a total call value of 67,799,375,000 versus a total put value of 392,500,000 Combined total value = 68,191,875,000
Strike 227.5 has a total call value of 74,575,000,000 versus a total put value of 246,875,000 Combined total value = 74,821,875,000
Strike 230 has a total call value of 81,350,625,000 versus a total put value of 101,250,000 Combined total value = 81,451,875,000
Strike 232.5 has a total call value of 88,358,750,000 versus a total put value of 50,625,000 Combined total value = 88,409,375,000
Strike 235 has a total call value of 95,366,875,000 versus a total put value of 0 Combined total value = 95,366,875,000
Strike 237.5 has a total call value of 102,535,625,000 versus a total put value of 0 Combined total value = 102,535,625,000
Strike 240 has a total call value of 109,704,375,000 versus a total put value of 0 Combined total value = 109,704,375,000
Strike 242.5 has a total call value of 116,873,125,000 versus a total put value of 0 Combined total value = 116,873,125,000
Strike 245 has a total call value of 124,041,875,000 versus a total put value of 0 Combined total value = 124,041,875,000
Strike 247.5 has a total call value of 131,210,625,000 versus a total put value of 0 Combined total value = 131,210,625,000
Strike 250 has a total call value of 138,379,375,000 versus a total put value of 0 Combined total value = 138,379,375,000
Max Pain - Choose a symbol
Index
A
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.