[--[65.84.65.76]--]
BEL
BHARAT ELECTRONICS LTD

185.4 -4.50 (-2.37%)


Strike  145  has a total call value of 0  versus a total put value of  168,189,900,000 Combined total value = 168,189,900,000

Strike  147.5  has a total call value of 8,550,000  versus a total put value of  158,549,775,000 Combined total value = 158,558,325,000

Strike  150  has a total call value of 17,100,000  versus a total put value of  148,909,650,000 Combined total value = 148,926,750,000

Strike  152.5  has a total call value of 25,650,000  versus a total put value of  139,335,075,000 Combined total value = 139,360,725,000

Strike  155  has a total call value of 34,200,000  versus a total put value of  129,760,500,000 Combined total value = 129,794,700,000

Strike  157.5  has a total call value of 42,750,000  versus a total put value of  120,217,275,000 Combined total value = 120,260,025,000

Strike  160  has a total call value of 51,300,000  versus a total put value of  110,685,450,000 Combined total value = 110,736,750,000

Strike  162.5  has a total call value of 59,850,000  versus a total put value of  101,383,050,000 Combined total value = 101,442,900,000

Strike  165  has a total call value of 68,400,000  versus a total put value of  92,113,425,000 Combined total value = 92,181,825,000

Strike  167.5  has a total call value of 76,950,000  versus a total put value of  83,020,500,000 Combined total value = 83,097,450,000

Strike  170  has a total call value of 92,625,000  versus a total put value of  73,967,475,000 Combined total value = 74,060,100,000

Strike  172.5  has a total call value of 215,175,000  versus a total put value of  65,639,775,000 Combined total value = 65,854,950,000

Strike  175  has a total call value of 346,275,000  versus a total put value of  57,463,125,000 Combined total value = 57,809,400,000

Strike  177.5  has a total call value of 505,875,000  versus a total put value of  49,930,575,000 Combined total value = 50,436,450,000

Strike  180  has a total call value of 692,550,000  versus a total put value of  42,580,425,000 Combined total value = 43,272,975,000

Strike  182.5  has a total call value of 1,162,800,000  versus a total put value of  37,030,050,000 Combined total value = 38,192,850,000

Strike  185  has a total call value of 1,739,925,000  versus a total put value of  31,633,575,000 Combined total value = 33,373,500,000

Strike  187.5  has a total call value of 2,763,075,000  versus a total put value of  26,999,475,000 Combined total value = 29,762,550,000

Strike  190  has a total call value of 3,985,725,000  versus a total put value of  22,505,025,000 Combined total value = 26,490,750,000

Strike  192.5  has a total call value of 7,836,075,000  versus a total put value of  18,948,225,000 Combined total value = 26,784,300,000

Strike  195  has a total call value of 12,098,250,000  versus a total put value of  15,536,775,000 Combined total value = 27,635,025,000

Strike  197.5  has a total call value of 17,972,100,000  versus a total put value of  12,494,400,000 Combined total value = 30,466,500,000

Strike  200  has a total call value of 24,240,675,000  versus a total put value of  9,521,850,000 Combined total value = 33,762,525,000

Strike  202.5  has a total call value of 33,714,075,000  versus a total put value of  7,468,425,000 Combined total value = 41,182,500,000

Strike  205  has a total call value of 43,449,675,000  versus a total put value of  5,538,975,000 Combined total value = 48,988,650,000

Strike  207.5  has a total call value of 54,695,775,000  versus a total put value of  4,022,775,000 Combined total value = 58,718,550,000

Strike  210  has a total call value of 66,372,225,000  versus a total put value of  2,602,050,000 Combined total value = 68,974,275,000

Strike  212.5  has a total call value of 81,562,725,000  versus a total put value of  1,702,875,000 Combined total value = 83,265,600,000

Strike  215  has a total call value of 97,219,200,000  versus a total put value of  934,800,000 Combined total value = 98,154,000,000

Strike  217.5  has a total call value of 115,507,650,000  versus a total put value of  598,500,000 Combined total value = 116,106,150,000

Strike  220  has a total call value of 134,232,150,000  versus a total put value of  262,200,000 Combined total value = 134,494,350,000

Strike  222.5  has a total call value of 156,010,425,000  versus a total put value of  131,100,000 Combined total value = 156,141,525,000

Strike  225  has a total call value of 178,002,450,000  versus a total put value of  0 Combined total value = 178,002,450,000

Strike  227.5  has a total call value of 200,907,900,000  versus a total put value of  0 Combined total value = 200,907,900,000

Strike  230  has a total call value of 223,901,700,000  versus a total put value of  0 Combined total value = 223,901,700,000

Strike  232.5  has a total call value of 249,014,475,000  versus a total put value of  0 Combined total value = 249,014,475,000

Strike  235  has a total call value of 274,209,900,000  versus a total put value of  0 Combined total value = 274,209,900,000

Strike  237.5  has a total call value of 300,132,075,000  versus a total put value of  0 Combined total value = 300,132,075,000

Strike  240  has a total call value of 326,054,250,000  versus a total put value of  0 Combined total value = 326,054,250,000

Strike  242.5  has a total call value of 352,478,025,000  versus a total put value of  0 Combined total value = 352,478,025,000

Strike  245  has a total call value of 378,901,800,000  versus a total put value of  0 Combined total value = 378,901,800,000

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.