BEL
BHARAT ELECTRONICS LTD
Max pain for BEL
29 Nov 2023 04:15 PM IST
Max Pain for BEL is 139
Strike 115 has a total call value of 0 versus a total put value of 25,736,640,000 Combined total value = 25,736,640,000
Strike 116 has a total call value of 26,790,000 versus a total put value of 24,433,050,000 Combined total value = 24,459,840,000
Strike 117 has a total call value of 53,580,000 versus a total put value of 23,129,460,000 Combined total value = 23,183,040,000
Strike 118 has a total call value of 80,370,000 versus a total put value of 21,825,870,000 Combined total value = 21,906,240,000
Strike 119 has a total call value of 107,160,000 versus a total put value of 20,522,280,000 Combined total value = 20,629,440,000
Strike 120 has a total call value of 133,950,000 versus a total put value of 19,218,690,000 Combined total value = 19,352,640,000
Strike 121 has a total call value of 171,570,000 versus a total put value of 17,985,780,000 Combined total value = 18,157,350,000
Strike 122 has a total call value of 209,190,000 versus a total put value of 16,752,870,000 Combined total value = 16,962,060,000
Strike 123 has a total call value of 246,810,000 versus a total put value of 15,519,960,000 Combined total value = 15,766,770,000
Strike 124 has a total call value of 284,430,000 versus a total put value of 14,287,050,000 Combined total value = 14,571,480,000
Strike 125 has a total call value of 322,050,000 versus a total put value of 13,066,110,000 Combined total value = 13,388,160,000
Strike 126 has a total call value of 368,220,000 versus a total put value of 11,918,130,000 Combined total value = 12,286,350,000
Strike 127 has a total call value of 414,390,000 versus a total put value of 10,770,150,000 Combined total value = 11,184,540,000
Strike 128 has a total call value of 460,560,000 versus a total put value of 9,643,260,000 Combined total value = 10,103,820,000
Strike 129 has a total call value of 506,730,000 versus a total put value of 8,589,900,000 Combined total value = 9,096,630,000
Strike 130 has a total call value of 552,900,000 versus a total put value of 7,567,890,000 Combined total value = 8,120,790,000
Strike 131 has a total call value of 644,670,000 versus a total put value of 6,731,700,000 Combined total value = 7,376,370,000
Strike 132 has a total call value of 749,550,000 versus a total put value of 5,917,170,000 Combined total value = 6,666,720,000
Strike 133 has a total call value of 905,160,000 versus a total put value of 5,158,500,000 Combined total value = 6,063,660,000
Strike 134 has a total call value of 1,106,370,000 versus a total put value of 4,451,130,000 Combined total value = 5,557,500,000
Strike 135 has a total call value of 1,389,660,000 versus a total put value of 3,791,070,000 Combined total value = 5,180,730,000
Strike 136 has a total call value of 1,740,210,000 versus a total put value of 3,204,540,000 Combined total value = 4,944,750,000
Strike 137 has a total call value of 2,110,710,000 versus a total put value of 2,648,790,000 Combined total value = 4,759,500,000
Strike 138 has a total call value of 2,502,870,000 versus a total put value of 2,127,810,000 Combined total value = 4,630,680,000
Strike 139 has a total call value of 2,926,380,000 versus a total put value of 1,661,550,000 Combined total value = 4,587,930,000
Strike 140 has a total call value of 3,379,530,000 versus a total put value of 1,251,720,000 Combined total value = 4,631,250,000
Strike 141 has a total call value of 3,954,090,000 versus a total put value of 948,480,000 Combined total value = 4,902,570,000
Strike 142 has a total call value of 4,618,140,000 versus a total put value of 673,170,000 Combined total value = 5,291,310,000
Strike 143 has a total call value of 5,464,020,000 versus a total put value of 449,730,000 Combined total value = 5,913,750,000
Strike 144 has a total call value of 6,415,920,000 versus a total put value of 281,010,000 Combined total value = 6,696,930,000
Strike 145 has a total call value of 7,551,930,000 versus a total put value of 159,600,000 Combined total value = 7,711,530,000
Strike 146 has a total call value of 9,284,730,000 versus a total put value of 107,730,000 Combined total value = 9,392,460,000
Strike 147 has a total call value of 11,146,920,000 versus a total put value of 77,520,000 Combined total value = 11,224,440,000
Strike 148 has a total call value of 13,102,590,000 versus a total put value of 56,430,000 Combined total value = 13,159,020,000
Strike 149 has a total call value of 15,113,550,000 versus a total put value of 35,340,000 Combined total value = 15,148,890,000
Strike 150 has a total call value of 17,178,660,000 versus a total put value of 14,250,000 Combined total value = 17,192,910,000
Strike 151 has a total call value of 19,516,800,000 versus a total put value of 11,400,000 Combined total value = 19,528,200,000
Strike 152 has a total call value of 21,894,840,000 versus a total put value of 8,550,000 Combined total value = 21,903,390,000
Strike 153 has a total call value of 24,323,610,000 versus a total put value of 5,700,000 Combined total value = 24,329,310,000
Strike 154 has a total call value of 26,809,950,000 versus a total put value of 2,850,000 Combined total value = 26,812,800,000
Strike 155 has a total call value of 29,318,520,000 versus a total put value of 0 Combined total value = 29,318,520,000
Strike 156 has a total call value of 31,953,630,000 versus a total put value of 0 Combined total value = 31,953,630,000
Strike 157 has a total call value of 34,602,420,000 versus a total put value of 0 Combined total value = 34,602,420,000
Strike 158 has a total call value of 37,251,210,000 versus a total put value of 0 Combined total value = 37,251,210,000
Strike 159 has a total call value of 39,900,000,000 versus a total put value of 0 Combined total value = 39,900,000,000
Strike 160 has a total call value of 42,548,790,000 versus a total put value of 0 Combined total value = 42,548,790,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.