BEL
Bharat Electronics Ltd
Max pain for BEL
06 Sep 2024 04:12 PM IST
Max Pain for BEL is 300
Strike 240 has a total call value of 0 versus a total put value of 221,504,850,000 Combined total value = 221,504,850,000
Strike 245 has a total call value of 1,425,000 versus a total put value of 199,750,800,000 Combined total value = 199,752,225,000
Strike 250 has a total call value of 2,850,000 versus a total put value of 178,056,600,000 Combined total value = 178,059,450,000
Strike 255 has a total call value of 41,325,000 versus a total put value of 157,066,350,000 Combined total value = 157,107,675,000
Strike 260 has a total call value of 79,800,000 versus a total put value of 136,251,375,000 Combined total value = 136,331,175,000
Strike 265 has a total call value of 314,925,000 versus a total put value of 116,351,250,000 Combined total value = 116,666,175,000
Strike 270 has a total call value of 568,575,000 versus a total put value of 96,921,375,000 Combined total value = 97,489,950,000
Strike 275 has a total call value of 1,045,950,000 versus a total put value of 79,168,725,000 Combined total value = 80,214,675,000
Strike 280 has a total call value of 1,816,875,000 versus a total put value of 62,610,225,000 Combined total value = 64,427,100,000
Strike 285 has a total call value of 3,250,425,000 versus a total put value of 49,051,350,000 Combined total value = 52,301,775,000
Strike 290 has a total call value of 5,584,575,000 versus a total put value of 36,478,575,000 Combined total value = 42,063,150,000
Strike 295 has a total call value of 10,834,275,000 versus a total put value of 26,442,300,000 Combined total value = 37,276,575,000
Strike 300 has a total call value of 18,439,500,000 versus a total put value of 17,655,750,000 Combined total value = 36,095,250,000
Strike 305 has a total call value of 34,633,200,000 versus a total put value of 12,806,475,000 Combined total value = 47,439,675,000
Strike 310 has a total call value of 54,482,025,000 versus a total put value of 8,961,825,000 Combined total value = 63,443,850,000
Strike 315 has a total call value of 80,401,350,000 versus a total put value of 6,587,775,000 Combined total value = 86,989,125,000
Strike 320 has a total call value of 108,237,300,000 versus a total put value of 4,485,900,000 Combined total value = 112,723,200,000
Strike 325 has a total call value of 141,529,575,000 versus a total put value of 3,076,575,000 Combined total value = 144,606,150,000
Strike 330 has a total call value of 176,218,350,000 versus a total put value of 1,872,450,000 Combined total value = 178,090,800,000
Strike 335 has a total call value of 214,284,375,000 versus a total put value of 1,318,125,000 Combined total value = 215,602,500,000
Strike 340 has a total call value of 252,981,675,000 versus a total put value of 763,800,000 Combined total value = 253,745,475,000
Strike 345 has a total call value of 296,760,525,000 versus a total put value of 381,900,000 Combined total value = 297,142,425,000
Strike 350 has a total call value of 340,864,275,000 versus a total put value of 0 Combined total value = 340,864,275,000
Strike 355 has a total call value of 387,135,450,000 versus a total put value of 0 Combined total value = 387,135,450,000
Strike 360 has a total call value of 433,539,150,000 versus a total put value of 0 Combined total value = 433,539,150,000
Strike 365 has a total call value of 480,631,125,000 versus a total put value of 0 Combined total value = 480,631,125,000
Strike 370 has a total call value of 527,754,450,000 versus a total put value of 0 Combined total value = 527,754,450,000
Strike 375 has a total call value of 575,131,425,000 versus a total put value of 0 Combined total value = 575,131,425,000
Strike 380 has a total call value of 622,508,400,000 versus a total put value of 0 Combined total value = 622,508,400,000
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.