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BEL
BHARAT ELECTRONICS LTD

206.75 1.15 (0.56%)


Strike  145  has a total call value of 0  versus a total put value of  107,913,825,000 Combined total value = 107,913,825,000

Strike  147.5  has a total call value of 48,450,000  versus a total put value of  101,964,450,000 Combined total value = 102,012,900,000

Strike  150  has a total call value of 96,900,000  versus a total put value of  96,015,075,000 Combined total value = 96,111,975,000

Strike  152.5  has a total call value of 145,350,000  versus a total put value of  90,065,700,000 Combined total value = 90,211,050,000

Strike  155  has a total call value of 193,800,000  versus a total put value of  84,116,325,000 Combined total value = 84,310,125,000

Strike  157.5  has a total call value of 242,250,000  versus a total put value of  78,166,950,000 Combined total value = 78,409,200,000

Strike  160  has a total call value of 290,700,000  versus a total put value of  72,217,575,000 Combined total value = 72,508,275,000

Strike  162.5  has a total call value of 339,150,000  versus a total put value of  66,392,175,000 Combined total value = 66,731,325,000

Strike  165  has a total call value of 387,600,000  versus a total put value of  60,566,775,000 Combined total value = 60,954,375,000

Strike  167.5  has a total call value of 436,050,000  versus a total put value of  54,945,150,000 Combined total value = 55,381,200,000

Strike  170  has a total call value of 484,500,000  versus a total put value of  49,323,525,000 Combined total value = 49,808,025,000

Strike  172.5  has a total call value of 532,950,000  versus a total put value of  44,108,025,000 Combined total value = 44,640,975,000

Strike  175  has a total call value of 581,400,000  versus a total put value of  38,892,525,000 Combined total value = 39,473,925,000

Strike  177.5  has a total call value of 629,850,000  versus a total put value of  33,677,025,000 Combined total value = 34,306,875,000

Strike  180  has a total call value of 678,300,000  versus a total put value of  28,461,525,000 Combined total value = 29,139,825,000

Strike  182.5  has a total call value of 726,750,000  versus a total put value of  24,300,525,000 Combined total value = 25,027,275,000

Strike  185  has a total call value of 775,200,000  versus a total put value of  20,226,450,000 Combined total value = 21,001,650,000

Strike  187.5  has a total call value of 823,650,000  versus a total put value of  16,759,425,000 Combined total value = 17,583,075,000

Strike  190  has a total call value of 872,100,000  versus a total put value of  13,292,400,000 Combined total value = 14,164,500,000

Strike  192.5  has a total call value of 1,360,875,000  versus a total put value of  10,510,800,000 Combined total value = 11,871,675,000

Strike  195  has a total call value of 1,849,650,000  versus a total put value of  7,813,275,000 Combined total value = 9,662,925,000

Strike  197.5  has a total call value of 2,517,975,000  versus a total put value of  5,450,625,000 Combined total value = 7,968,600,000

Strike  200  has a total call value of 3,186,300,000  versus a total put value of  3,149,250,000 Combined total value = 6,335,550,000

Strike  202.5  has a total call value of 4,987,500,000  versus a total put value of  2,036,325,000 Combined total value = 7,023,825,000

Strike  205  has a total call value of 6,879,900,000  versus a total put value of  984,675,000 Combined total value = 7,864,575,000

Strike  207.5  has a total call value of 9,898,050,000  versus a total put value of  443,175,000 Combined total value = 10,341,225,000

Strike  210  has a total call value of 13,246,800,000  versus a total put value of  0 Combined total value = 13,246,800,000

Strike  212.5  has a total call value of 18,868,425,000  versus a total put value of  0 Combined total value = 18,868,425,000

Strike  215  has a total call value of 24,606,900,000  versus a total put value of  0 Combined total value = 24,606,900,000

Strike  217.5  has a total call value of 31,206,075,000  versus a total put value of  0 Combined total value = 31,206,075,000

Strike  220  has a total call value of 37,860,825,000  versus a total put value of  0 Combined total value = 37,860,825,000

Strike  222.5  has a total call value of 46,128,675,000  versus a total put value of  0 Combined total value = 46,128,675,000

Strike  225  has a total call value of 54,396,525,000  versus a total put value of  0 Combined total value = 54,396,525,000

Strike  227.5  has a total call value of 63,351,225,000  versus a total put value of  0 Combined total value = 63,351,225,000

Strike  230  has a total call value of 72,305,925,000  versus a total put value of  0 Combined total value = 72,305,925,000

Strike  232.5  has a total call value of 81,884,775,000  versus a total put value of  0 Combined total value = 81,884,775,000

Strike  235  has a total call value of 91,482,150,000  versus a total put value of  0 Combined total value = 91,482,150,000

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.