BEL
BHARAT ELECTRONICS LTD
Max pain for BEL
02 Jul 2024 11:12 AM IST
Max Pain for BEL is 305
Strike 210 has a total call value of 0 versus a total put value of 294,722,775,000 Combined total value = 294,722,775,000
Strike 212.5 has a total call value of 0 versus a total put value of 285,547,912,500 Combined total value = 285,547,912,500
Strike 215 has a total call value of 0 versus a total put value of 276,373,050,000 Combined total value = 276,373,050,000
Strike 217.5 has a total call value of 0 versus a total put value of 267,198,187,500 Combined total value = 267,198,187,500
Strike 220 has a total call value of 0 versus a total put value of 258,023,325,000 Combined total value = 258,023,325,000
Strike 222.5 has a total call value of 0 versus a total put value of 248,886,225,000 Combined total value = 248,886,225,000
Strike 225 has a total call value of 0 versus a total put value of 239,749,125,000 Combined total value = 239,749,125,000
Strike 227.5 has a total call value of 0 versus a total put value of 230,612,025,000 Combined total value = 230,612,025,000
Strike 230 has a total call value of 0 versus a total put value of 221,474,925,000 Combined total value = 221,474,925,000
Strike 232.5 has a total call value of 0 versus a total put value of 212,378,437,500 Combined total value = 212,378,437,500
Strike 235 has a total call value of 0 versus a total put value of 203,281,950,000 Combined total value = 203,281,950,000
Strike 237.5 has a total call value of 0 versus a total put value of 194,185,462,500 Combined total value = 194,185,462,500
Strike 240 has a total call value of 0 versus a total put value of 185,088,975,000 Combined total value = 185,088,975,000
Strike 242.5 has a total call value of 12,112,500 versus a total put value of 176,030,250,000 Combined total value = 176,042,362,500
Strike 245 has a total call value of 24,225,000 versus a total put value of 166,971,525,000 Combined total value = 166,995,750,000
Strike 247.5 has a total call value of 36,337,500 versus a total put value of 157,912,800,000 Combined total value = 157,949,137,500
Strike 250 has a total call value of 48,450,000 versus a total put value of 148,854,075,000 Combined total value = 148,902,525,000
Strike 252.5 has a total call value of 60,562,500 versus a total put value of 140,207,175,000 Combined total value = 140,267,737,500
Strike 255 has a total call value of 72,675,000 versus a total put value of 131,560,275,000 Combined total value = 131,632,950,000
Strike 257.5 has a total call value of 85,500,000 versus a total put value of 122,958,975,000 Combined total value = 123,044,475,000
Strike 260 has a total call value of 98,325,000 versus a total put value of 114,357,675,000 Combined total value = 114,456,000,000
Strike 262.5 has a total call value of 134,662,500 versus a total put value of 106,191,712,500 Combined total value = 106,326,375,000
Strike 265 has a total call value of 171,000,000 versus a total put value of 98,025,750,000 Combined total value = 98,196,750,000
Strike 267.5 has a total call value of 207,337,500 versus a total put value of 89,951,700,000 Combined total value = 90,159,037,500
Strike 270 has a total call value of 243,675,000 versus a total put value of 81,906,150,000 Combined total value = 82,149,825,000
Strike 272.5 has a total call value of 358,387,500 versus a total put value of 75,051,900,000 Combined total value = 75,410,287,500
Strike 275 has a total call value of 473,100,000 versus a total put value of 68,222,587,500 Combined total value = 68,695,687,500
Strike 277.5 has a total call value of 587,812,500 versus a total put value of 61,632,675,000 Combined total value = 62,220,487,500
Strike 280 has a total call value of 702,525,000 versus a total put value of 55,066,275,000 Combined total value = 55,768,800,000
Strike 282.5 has a total call value of 998,212,500 versus a total put value of 49,527,300,000 Combined total value = 50,525,512,500
Strike 285 has a total call value of 1,293,900,000 versus a total put value of 44,026,800,000 Combined total value = 45,320,700,000
Strike 287.5 has a total call value of 1,613,100,000 versus a total put value of 38,762,137,500 Combined total value = 40,375,237,500
Strike 290 has a total call value of 1,932,300,000 versus a total put value of 33,530,250,000 Combined total value = 35,462,550,000
Strike 292.5 has a total call value of 2,389,012,500 versus a total put value of 28,948,162,500 Combined total value = 31,337,175,000
Strike 295 has a total call value of 2,879,212,500 versus a total put value of 24,400,987,500 Combined total value = 27,280,200,000
Strike 297.5 has a total call value of 3,417,862,500 versus a total put value of 20,029,800,000 Combined total value = 23,447,662,500
Strike 300 has a total call value of 3,990,000,000 versus a total put value of 15,706,350,000 Combined total value = 19,696,350,000
Strike 302.5 has a total call value of 5,759,137,500 versus a total put value of 12,834,262,500 Combined total value = 18,593,400,000
Strike 305 has a total call value of 7,586,700,000 versus a total put value of 9,992,812,500 Combined total value = 17,579,512,500
Strike 307.5 has a total call value of 10,205,137,500 versus a total put value of 7,681,462,500 Combined total value = 17,886,600,000
Strike 310 has a total call value of 13,103,587,500 versus a total put value of 5,490,525,000 Combined total value = 18,594,112,500
Strike 312.5 has a total call value of 18,557,062,500 versus a total put value of 4,366,200,000 Combined total value = 22,923,262,500
Strike 315 has a total call value of 24,289,837,500 versus a total put value of 3,320,962,500 Combined total value = 27,610,800,000
Strike 317.5 has a total call value of 30,988,762,500 versus a total put value of 2,489,475,000 Combined total value = 33,478,237,500
Strike 320 has a total call value of 37,796,700,000 versus a total put value of 1,674,375,000 Combined total value = 39,471,075,000
Strike 322.5 has a total call value of 46,794,150,000 versus a total put value of 1,216,237,500 Combined total value = 48,010,387,500
Strike 325 has a total call value of 55,881,375,000 versus a total put value of 796,575,000 Combined total value = 56,677,950,000
Strike 327.5 has a total call value of 65,619,825,000 versus a total put value of 428,925,000 Combined total value = 66,048,750,000
Strike 330 has a total call value of 75,456,600,000 versus a total put value of 122,550,000 Combined total value = 75,579,150,000
Strike 332.5 has a total call value of 86,767,537,500 versus a total put value of 88,350,000 Combined total value = 86,855,887,500
Strike 335 has a total call value of 98,117,662,500 versus a total put value of 54,150,000 Combined total value = 98,171,812,500
Strike 337.5 has a total call value of 109,655,175,000 versus a total put value of 24,937,500 Combined total value = 109,680,112,500
Strike 340 has a total call value of 121,216,200,000 versus a total put value of 0 Combined total value = 121,216,200,000
Strike 342.5 has a total call value of 133,679,962,500 versus a total put value of 0 Combined total value = 133,679,962,500
Strike 345 has a total call value of 146,180,062,500 versus a total put value of 0 Combined total value = 146,180,062,500
Strike 347.5 has a total call value of 158,780,625,000 versus a total put value of 0 Combined total value = 158,780,625,000
Strike 350 has a total call value of 171,435,337,500 versus a total put value of 0 Combined total value = 171,435,337,500
Strike 352.5 has a total call value of 185,629,762,500 versus a total put value of 0 Combined total value = 185,629,762,500
Strike 355 has a total call value of 199,852,687,500 versus a total put value of 0 Combined total value = 199,852,687,500
Strike 357.5 has a total call value of 214,171,087,500 versus a total put value of 0 Combined total value = 214,171,087,500
Strike 360 has a total call value of 228,489,487,500 versus a total put value of 0 Combined total value = 228,489,487,500
Strike 362.5 has a total call value of 243,397,837,500 versus a total put value of 0 Combined total value = 243,397,837,500
Strike 365 has a total call value of 258,306,187,500 versus a total put value of 0 Combined total value = 258,306,187,500
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.