BEL
BHARAT ELECTRONICS LTD
Max pain for BEL
04 Jul 2024 12:32 PM IST
Max Pain for BEL is 310
Strike 215 has a total call value of 0 versus a total put value of 316,299,412,500 Combined total value = 316,299,412,500
Strike 217.5 has a total call value of 0 versus a total put value of 306,192,600,000 Combined total value = 306,192,600,000
Strike 220 has a total call value of 0 versus a total put value of 296,085,787,500 Combined total value = 296,085,787,500
Strike 222.5 has a total call value of 0 versus a total put value of 286,016,737,500 Combined total value = 286,016,737,500
Strike 225 has a total call value of 0 versus a total put value of 275,947,687,500 Combined total value = 275,947,687,500
Strike 227.5 has a total call value of 0 versus a total put value of 265,878,637,500 Combined total value = 265,878,637,500
Strike 230 has a total call value of 0 versus a total put value of 255,809,587,500 Combined total value = 255,809,587,500
Strike 232.5 has a total call value of 0 versus a total put value of 245,784,712,500 Combined total value = 245,784,712,500
Strike 235 has a total call value of 0 versus a total put value of 235,759,837,500 Combined total value = 235,759,837,500
Strike 237.5 has a total call value of 0 versus a total put value of 225,734,962,500 Combined total value = 225,734,962,500
Strike 240 has a total call value of 0 versus a total put value of 215,710,087,500 Combined total value = 215,710,087,500
Strike 242.5 has a total call value of 0 versus a total put value of 205,725,112,500 Combined total value = 205,725,112,500
Strike 245 has a total call value of 0 versus a total put value of 195,741,562,500 Combined total value = 195,741,562,500
Strike 247.5 has a total call value of 0 versus a total put value of 185,758,012,500 Combined total value = 185,758,012,500
Strike 250 has a total call value of 0 versus a total put value of 175,774,462,500 Combined total value = 175,774,462,500
Strike 252.5 has a total call value of 76,237,500 versus a total put value of 166,124,362,500 Combined total value = 166,200,600,000
Strike 255 has a total call value of 152,475,000 versus a total put value of 156,474,262,500 Combined total value = 156,626,737,500
Strike 257.5 has a total call value of 228,712,500 versus a total put value of 146,883,300,000 Combined total value = 147,112,012,500
Strike 260 has a total call value of 304,950,000 versus a total put value of 137,292,337,500 Combined total value = 137,597,287,500
Strike 262.5 has a total call value of 381,187,500 versus a total put value of 128,073,300,000 Combined total value = 128,454,487,500
Strike 265 has a total call value of 457,425,000 versus a total put value of 118,854,262,500 Combined total value = 119,311,687,500
Strike 267.5 has a total call value of 533,662,500 versus a total put value of 109,749,937,500 Combined total value = 110,283,600,000
Strike 270 has a total call value of 609,900,000 versus a total put value of 100,669,125,000 Combined total value = 101,279,025,000
Strike 272.5 has a total call value of 759,525,000 versus a total put value of 92,692,687,500 Combined total value = 93,452,212,500
Strike 275 has a total call value of 909,150,000 versus a total put value of 84,738,337,500 Combined total value = 85,647,487,500
Strike 277.5 has a total call value of 1,058,775,000 versus a total put value of 77,046,900,000 Combined total value = 78,105,675,000
Strike 280 has a total call value of 1,208,400,000 versus a total put value of 69,427,425,000 Combined total value = 70,635,825,000
Strike 282.5 has a total call value of 1,529,737,500 versus a total put value of 62,860,312,500 Combined total value = 64,390,050,000
Strike 285 has a total call value of 1,851,075,000 versus a total put value of 56,349,487,500 Combined total value = 58,200,562,500
Strike 287.5 has a total call value of 2,172,412,500 versus a total put value of 50,173,537,500 Combined total value = 52,345,950,000
Strike 290 has a total call value of 2,493,750,000 versus a total put value of 44,041,762,500 Combined total value = 46,535,512,500
Strike 292.5 has a total call value of 2,915,550,000 versus a total put value of 38,557,650,000 Combined total value = 41,473,200,000
Strike 295 has a total call value of 3,367,987,500 versus a total put value of 33,116,287,500 Combined total value = 36,484,275,000
Strike 297.5 has a total call value of 3,855,337,500 versus a total put value of 27,819,562,500 Combined total value = 31,674,900,000
Strike 300 has a total call value of 4,375,462,500 versus a total put value of 22,583,400,000 Combined total value = 26,958,862,500
Strike 302.5 has a total call value of 5,972,887,500 versus a total put value of 18,770,100,000 Combined total value = 24,742,987,500
Strike 305 has a total call value of 7,630,162,500 versus a total put value of 15,044,437,500 Combined total value = 22,674,600,000
Strike 307.5 has a total call value of 9,753,412,500 versus a total put value of 11,874,525,000 Combined total value = 21,627,937,500
Strike 310 has a total call value of 12,049,087,500 versus a total put value of 8,909,812,500 Combined total value = 20,958,900,000
Strike 312.5 has a total call value of 16,382,512,500 versus a total put value of 7,241,137,500 Combined total value = 23,623,650,000
Strike 315 has a total call value of 20,944,650,000 versus a total put value of 5,682,187,500 Combined total value = 26,626,837,500
Strike 317.5 has a total call value of 27,027,975,000 versus a total put value of 4,494,450,000 Combined total value = 31,522,425,000
Strike 320 has a total call value of 33,359,250,000 versus a total put value of 3,367,987,500 Combined total value = 36,727,237,500
Strike 322.5 has a total call value of 42,328,200,000 versus a total put value of 2,728,875,000 Combined total value = 45,057,075,000
Strike 325 has a total call value of 51,454,612,500 versus a total put value of 2,126,812,500 Combined total value = 53,581,425,000
Strike 327.5 has a total call value of 61,354,800,000 versus a total put value of 1,574,625,000 Combined total value = 62,929,425,000
Strike 330 has a total call value of 71,419,575,000 versus a total put value of 1,085,137,500 Combined total value = 72,504,712,500
Strike 332.5 has a total call value of 82,890,825,000 versus a total put value of 874,237,500 Combined total value = 83,765,062,500
Strike 335 has a total call value of 94,421,212,500 versus a total put value of 701,100,000 Combined total value = 95,122,312,500
Strike 337.5 has a total call value of 106,187,437,500 versus a total put value of 544,350,000 Combined total value = 106,731,787,500
Strike 340 has a total call value of 117,983,587,500 versus a total put value of 406,125,000 Combined total value = 118,389,712,500
Strike 342.5 has a total call value of 130,681,050,000 versus a total put value of 303,525,000 Combined total value = 130,984,575,000
Strike 345 has a total call value of 143,412,712,500 versus a total put value of 209,475,000 Combined total value = 143,622,187,500
Strike 347.5 has a total call value of 156,234,862,500 versus a total put value of 123,262,500 Combined total value = 156,358,125,000
Strike 350 has a total call value of 169,109,025,000 versus a total put value of 37,050,000 Combined total value = 169,146,075,000
Strike 352.5 has a total call value of 183,485,137,500 versus a total put value of 27,787,500 Combined total value = 183,512,925,000
Strike 355 has a total call value of 197,897,587,500 versus a total put value of 18,525,000 Combined total value = 197,916,112,500
Strike 360 has a total call value of 227,003,212,500 versus a total put value of 0 Combined total value = 227,003,212,500
Strike 365 has a total call value of 257,378,512,500 versus a total put value of 0 Combined total value = 257,378,512,500
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.