BEL
BHARAT ELECTRONICS LTD
Max pain for BEL
16 Apr 2024 04:15 PM IST
Max Pain for BEL is 225
Strike 150 has a total call value of 0 versus a total put value of 320,887,200,000 Combined total value = 320,887,200,000
Strike 152.5 has a total call value of 0 versus a total put value of 307,975,275,000 Combined total value = 307,975,275,000
Strike 155 has a total call value of 0 versus a total put value of 295,063,350,000 Combined total value = 295,063,350,000
Strike 157.5 has a total call value of 0 versus a total put value of 282,154,275,000 Combined total value = 282,154,275,000
Strike 160 has a total call value of 0 versus a total put value of 269,245,200,000 Combined total value = 269,245,200,000
Strike 162.5 has a total call value of 0 versus a total put value of 256,455,825,000 Combined total value = 256,455,825,000
Strike 165 has a total call value of 0 versus a total put value of 243,666,450,000 Combined total value = 243,666,450,000
Strike 167.5 has a total call value of 0 versus a total put value of 230,877,075,000 Combined total value = 230,877,075,000
Strike 170 has a total call value of 0 versus a total put value of 218,087,700,000 Combined total value = 218,087,700,000
Strike 172.5 has a total call value of 0 versus a total put value of 205,534,875,000 Combined total value = 205,534,875,000
Strike 175 has a total call value of 0 versus a total put value of 192,982,050,000 Combined total value = 192,982,050,000
Strike 177.5 has a total call value of 0 versus a total put value of 180,519,000,000 Combined total value = 180,519,000,000
Strike 180 has a total call value of 0 versus a total put value of 168,068,775,000 Combined total value = 168,068,775,000
Strike 182.5 has a total call value of 55,575,000 versus a total put value of 156,266,925,000 Combined total value = 156,322,500,000
Strike 185 has a total call value of 111,150,000 versus a total put value of 144,465,075,000 Combined total value = 144,576,225,000
Strike 187.5 has a total call value of 166,725,000 versus a total put value of 132,945,375,000 Combined total value = 133,112,100,000
Strike 190 has a total call value of 222,300,000 versus a total put value of 121,482,675,000 Combined total value = 121,704,975,000
Strike 192.5 has a total call value of 371,925,000 versus a total put value of 110,635,575,000 Combined total value = 111,007,500,000
Strike 195 has a total call value of 521,550,000 versus a total put value of 99,906,750,000 Combined total value = 100,428,300,000
Strike 197.5 has a total call value of 716,775,000 versus a total put value of 89,521,350,000 Combined total value = 90,238,125,000
Strike 200 has a total call value of 912,000,000 versus a total put value of 79,135,950,000 Combined total value = 80,047,950,000
Strike 202.5 has a total call value of 1,320,975,000 versus a total put value of 69,921,900,000 Combined total value = 71,242,875,000
Strike 205 has a total call value of 1,729,950,000 versus a total put value of 60,816,150,000 Combined total value = 62,546,100,000
Strike 207.5 has a total call value of 2,288,550,000 versus a total put value of 52,271,850,000 Combined total value = 54,560,400,000
Strike 210 has a total call value of 2,908,425,000 versus a total put value of 43,890,000,000 Combined total value = 46,798,425,000
Strike 212.5 has a total call value of 3,947,250,000 versus a total put value of 36,851,925,000 Combined total value = 40,799,175,000
Strike 215 has a total call value of 5,244,000,000 versus a total put value of 29,993,400,000 Combined total value = 35,237,400,000
Strike 217.5 has a total call value of 6,802,950,000 versus a total put value of 23,901,525,000 Combined total value = 30,704,475,000
Strike 220 has a total call value of 8,361,900,000 versus a total put value of 18,070,425,000 Combined total value = 26,432,325,000
Strike 222.5 has a total call value of 10,707,450,000 versus a total put value of 13,634,400,000 Combined total value = 24,341,850,000
Strike 225 has a total call value of 13,246,800,000 versus a total put value of 9,459,150,000 Combined total value = 22,705,950,000
Strike 227.5 has a total call value of 16,330,500,000 versus a total put value of 6,633,375,000 Combined total value = 22,963,875,000
Strike 230 has a total call value of 19,516,800,000 versus a total put value of 3,952,950,000 Combined total value = 23,469,750,000
Strike 232.5 has a total call value of 24,812,100,000 versus a total put value of 2,555,025,000 Combined total value = 27,367,125,000
Strike 235 has a total call value of 30,497,850,000 versus a total put value of 1,417,875,000 Combined total value = 31,915,725,000
Strike 237.5 has a total call value of 38,519,175,000 versus a total put value of 909,150,000 Combined total value = 39,428,325,000
Strike 240 has a total call value of 47,211,675,000 versus a total put value of 520,125,000 Combined total value = 47,731,800,000
Strike 242.5 has a total call value of 59,070,525,000 versus a total put value of 343,425,000 Combined total value = 59,413,950,000
Strike 245 has a total call value of 71,231,475,000 versus a total put value of 200,925,000 Combined total value = 71,432,400,000
Strike 247.5 has a total call value of 84,768,975,000 versus a total put value of 99,750,000 Combined total value = 84,868,725,000
Strike 250 has a total call value of 98,594,325,000 versus a total put value of 14,250,000 Combined total value = 98,608,575,000
Strike 252.5 has a total call value of 114,839,325,000 versus a total put value of 4,275,000 Combined total value = 114,843,600,000
Strike 255 has a total call value of 131,547,450,000 versus a total put value of 0 Combined total value = 131,547,450,000
Strike 257.5 has a total call value of 149,083,500,000 versus a total put value of 0 Combined total value = 149,083,500,000
Strike 260 has a total call value of 166,619,550,000 versus a total put value of 0 Combined total value = 166,619,550,000
Strike 262.5 has a total call value of 185,184,450,000 versus a total put value of 0 Combined total value = 185,184,450,000
Strike 265 has a total call value of 203,749,350,000 versus a total put value of 0 Combined total value = 203,749,350,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.