BEL
BHARAT ELECTRONICS LTD
Max pain for BEL
26 Jul 2024 04:12 PM IST
Max Pain for BEL is 310
Strike 210 has a total call value of 0 versus a total put value of 283,580,700,000 Combined total value = 283,580,700,000
Strike 215 has a total call value of 0 versus a total put value of 266,727,225,000 Combined total value = 266,727,225,000
Strike 220 has a total call value of 0 versus a total put value of 249,873,750,000 Combined total value = 249,873,750,000
Strike 225 has a total call value of 0 versus a total put value of 233,174,175,000 Combined total value = 233,174,175,000
Strike 230 has a total call value of 0 versus a total put value of 216,474,600,000 Combined total value = 216,474,600,000
Strike 235 has a total call value of 0 versus a total put value of 199,775,025,000 Combined total value = 199,775,025,000
Strike 240 has a total call value of 0 versus a total put value of 183,075,450,000 Combined total value = 183,075,450,000
Strike 245 has a total call value of 0 versus a total put value of 166,375,875,000 Combined total value = 166,375,875,000
Strike 250 has a total call value of 0 versus a total put value of 149,676,300,000 Combined total value = 149,676,300,000
Strike 255 has a total call value of 44,175,000 versus a total put value of 134,025,525,000 Combined total value = 134,069,700,000
Strike 260 has a total call value of 88,350,000 versus a total put value of 118,374,750,000 Combined total value = 118,463,100,000
Strike 265 has a total call value of 339,150,000 versus a total put value of 103,507,725,000 Combined total value = 103,846,875,000
Strike 270 has a total call value of 589,950,000 versus a total put value of 88,898,625,000 Combined total value = 89,488,575,000
Strike 275 has a total call value of 1,075,875,000 versus a total put value of 75,915,450,000 Combined total value = 76,991,325,000
Strike 280 has a total call value of 1,694,325,000 versus a total put value of 63,371,175,000 Combined total value = 65,065,500,000
Strike 285 has a total call value of 2,532,225,000 versus a total put value of 52,331,700,000 Combined total value = 54,863,925,000
Strike 290 has a total call value of 3,415,725,000 versus a total put value of 41,689,800,000 Combined total value = 45,105,525,000
Strike 295 has a total call value of 4,467,375,000 versus a total put value of 32,564,100,000 Combined total value = 37,031,475,000
Strike 300 has a total call value of 5,631,600,000 versus a total put value of 23,771,850,000 Combined total value = 29,403,450,000
Strike 305 has a total call value of 8,594,175,000 versus a total put value of 17,798,250,000 Combined total value = 26,392,425,000
Strike 310 has a total call value of 12,289,200,000 versus a total put value of 12,752,325,000 Combined total value = 25,041,525,000
Strike 315 has a total call value of 19,057,950,000 versus a total put value of 9,339,450,000 Combined total value = 28,397,400,000
Strike 320 has a total call value of 27,196,125,000 versus a total put value of 6,490,875,000 Combined total value = 33,687,000,000
Strike 325 has a total call value of 38,534,850,000 versus a total put value of 4,473,075,000 Combined total value = 43,007,925,000
Strike 330 has a total call value of 50,474,925,000 versus a total put value of 2,694,675,000 Combined total value = 53,169,600,000
Strike 335 has a total call value of 65,139,600,000 versus a total put value of 1,942,275,000 Combined total value = 67,081,875,000
Strike 340 has a total call value of 80,412,750,000 versus a total put value of 1,283,925,000 Combined total value = 81,696,675,000
Strike 345 has a total call value of 97,997,250,000 versus a total put value of 862,125,000 Combined total value = 98,859,375,000
Strike 350 has a total call value of 116,057,700,000 versus a total put value of 463,125,000 Combined total value = 116,520,825,000
Strike 355 has a total call value of 136,800,000,000 versus a total put value of 346,275,000 Combined total value = 137,146,275,000
Strike 360 has a total call value of 157,713,300,000 versus a total put value of 235,125,000 Combined total value = 157,948,425,000
Strike 365 has a total call value of 179,604,150,000 versus a total put value of 149,625,000 Combined total value = 179,753,775,000
Strike 370 has a total call value of 201,628,950,000 versus a total put value of 68,400,000 Combined total value = 201,697,350,000
Strike 375 has a total call value of 224,520,150,000 versus a total put value of 34,200,000 Combined total value = 224,554,350,000
Strike 380 has a total call value of 247,411,350,000 versus a total put value of 0 Combined total value = 247,411,350,000
Strike 385 has a total call value of 270,855,450,000 versus a total put value of 0 Combined total value = 270,855,450,000
Strike 390 has a total call value of 294,299,550,000 versus a total put value of 0 Combined total value = 294,299,550,000
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.