BEL
Bharat Electronics Ltd
Max pain for BEL
16 Sep 2024 04:12 PM IST
Max Pain for BEL is 295
Strike 230 has a total call value of 0 versus a total put value of 275,094,825,000 Combined total value = 275,094,825,000
Strike 235 has a total call value of 0 versus a total put value of 251,798,925,000 Combined total value = 251,798,925,000
Strike 240 has a total call value of 0 versus a total put value of 228,503,025,000 Combined total value = 228,503,025,000
Strike 245 has a total call value of 0 versus a total put value of 205,661,700,000 Combined total value = 205,661,700,000
Strike 250 has a total call value of 0 versus a total put value of 182,900,175,000 Combined total value = 182,900,175,000
Strike 255 has a total call value of 38,475,000 versus a total put value of 160,742,850,000 Combined total value = 160,781,325,000
Strike 260 has a total call value of 76,950,000 versus a total put value of 138,742,275,000 Combined total value = 138,819,225,000
Strike 265 has a total call value of 115,425,000 versus a total put value of 117,401,475,000 Combined total value = 117,516,900,000
Strike 270 has a total call value of 180,975,000 versus a total put value of 96,481,050,000 Combined total value = 96,662,025,000
Strike 275 has a total call value of 363,375,000 versus a total put value of 77,216,475,000 Combined total value = 77,579,850,000
Strike 280 has a total call value of 934,800,000 versus a total put value of 59,683,275,000 Combined total value = 60,618,075,000
Strike 285 has a total call value of 2,201,625,000 versus a total put value of 45,631,350,000 Combined total value = 47,832,975,000
Strike 290 has a total call value of 4,498,725,000 versus a total put value of 33,394,875,000 Combined total value = 37,893,600,000
Strike 295 has a total call value of 10,225,800,000 versus a total put value of 24,341,850,000 Combined total value = 34,567,650,000
Strike 300 has a total call value of 19,171,950,000 versus a total put value of 16,433,100,000 Combined total value = 35,605,050,000
Strike 305 has a total call value of 37,809,525,000 versus a total put value of 11,997,075,000 Combined total value = 49,806,600,000
Strike 310 has a total call value of 59,801,550,000 versus a total put value of 8,458,800,000 Combined total value = 68,260,350,000
Strike 315 has a total call value of 87,509,250,000 versus a total put value of 6,222,975,000 Combined total value = 93,732,225,000
Strike 320 has a total call value of 117,174,900,000 versus a total put value of 4,272,150,000 Combined total value = 121,447,050,000
Strike 325 has a total call value of 151,567,275,000 versus a total put value of 2,952,600,000 Combined total value = 154,519,875,000
Strike 330 has a total call value of 187,223,625,000 versus a total put value of 1,815,450,000 Combined total value = 189,039,075,000
Strike 335 has a total call value of 225,701,475,000 versus a total put value of 1,282,500,000 Combined total value = 226,983,975,000
Strike 340 has a total call value of 264,737,925,000 versus a total put value of 749,550,000 Combined total value = 265,487,475,000
Strike 345 has a total call value of 308,915,775,000 versus a total put value of 374,775,000 Combined total value = 309,290,550,000
Strike 350 has a total call value of 353,374,350,000 versus a total put value of 0 Combined total value = 353,374,350,000
Strike 355 has a total call value of 399,760,950,000 versus a total put value of 0 Combined total value = 399,760,950,000
Strike 360 has a total call value of 446,147,550,000 versus a total put value of 0 Combined total value = 446,147,550,000
Strike 365 has a total call value of 493,128,375,000 versus a total put value of 0 Combined total value = 493,128,375,000
Strike 370 has a total call value of 540,109,200,000 versus a total put value of 0 Combined total value = 540,109,200,000
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.