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BEL
BHARAT ELECTRONICS LTD

201.8 2.35 (1.18%)


Strike  150  has a total call value of 0  versus a total put value of  81,331,875,000 Combined total value = 81,331,875,000

Strike  152.5  has a total call value of 47,025,000  versus a total put value of  76,424,175,000 Combined total value = 76,471,200,000

Strike  155  has a total call value of 94,050,000  versus a total put value of  71,516,475,000 Combined total value = 71,610,525,000

Strike  157.5  has a total call value of 141,075,000  versus a total put value of  66,608,775,000 Combined total value = 66,749,850,000

Strike  160  has a total call value of 188,100,000  versus a total put value of  61,701,075,000 Combined total value = 61,889,175,000

Strike  162.5  has a total call value of 240,825,000  versus a total put value of  56,793,375,000 Combined total value = 57,034,200,000

Strike  165  has a total call value of 293,550,000  versus a total put value of  51,885,675,000 Combined total value = 52,179,225,000

Strike  167.5  has a total call value of 346,275,000  versus a total put value of  46,977,975,000 Combined total value = 47,324,250,000

Strike  170  has a total call value of 399,000,000  versus a total put value of  42,070,275,000 Combined total value = 42,469,275,000

Strike  172.5  has a total call value of 451,725,000  versus a total put value of  37,582,950,000 Combined total value = 38,034,675,000

Strike  175  has a total call value of 504,450,000  versus a total put value of  33,095,625,000 Combined total value = 33,600,075,000

Strike  177.5  has a total call value of 572,850,000  versus a total put value of  28,984,500,000 Combined total value = 29,557,350,000

Strike  180  has a total call value of 641,250,000  versus a total put value of  24,873,375,000 Combined total value = 25,514,625,000

Strike  182.5  has a total call value of 833,625,000  versus a total put value of  21,610,125,000 Combined total value = 22,443,750,000

Strike  185  has a total call value of 1,105,800,000  versus a total put value of  18,500,775,000 Combined total value = 19,606,575,000

Strike  187.5  has a total call value of 1,544,700,000  versus a total put value of  15,761,925,000 Combined total value = 17,306,625,000

Strike  190  has a total call value of 2,079,075,000  versus a total put value of  13,119,975,000 Combined total value = 15,199,050,000

Strike  192.5  has a total call value of 2,935,500,000  versus a total put value of  11,140,650,000 Combined total value = 14,076,150,000

Strike  195  has a total call value of 3,870,300,000  versus a total put value of  9,396,450,000 Combined total value = 13,266,750,000

Strike  197.5  has a total call value of 4,988,925,000  versus a total put value of  7,831,800,000 Combined total value = 12,820,725,000

Strike  200  has a total call value of 6,228,675,000  versus a total put value of  6,438,150,000 Combined total value = 12,666,825,000

Strike  202.5  has a total call value of 7,810,425,000  versus a total put value of  5,286,750,000 Combined total value = 13,097,175,000

Strike  205  has a total call value of 9,550,350,000  versus a total put value of  4,265,025,000 Combined total value = 13,815,375,000

Strike  207.5  has a total call value of 11,781,900,000  versus a total put value of  3,365,850,000 Combined total value = 15,147,750,000

Strike  210  has a total call value of 14,137,425,000  versus a total put value of  2,529,375,000 Combined total value = 16,666,800,000

Strike  212.5  has a total call value of 17,650,050,000  versus a total put value of  1,866,750,000 Combined total value = 19,516,800,000

Strike  215  has a total call value of 21,357,900,000  versus a total put value of  1,278,225,000 Combined total value = 22,636,125,000

Strike  217.5  has a total call value of 26,172,975,000  versus a total put value of  909,150,000 Combined total value = 27,082,125,000

Strike  220  has a total call value of 31,216,050,000  versus a total put value of  592,800,000 Combined total value = 31,808,850,000

Strike  222.5  has a total call value of 37,551,600,000  versus a total put value of  416,100,000 Combined total value = 37,967,700,000

Strike  225  has a total call value of 43,998,300,000  versus a total put value of  239,400,000 Combined total value = 44,237,700,000

Strike  227.5  has a total call value of 51,094,800,000  versus a total put value of  179,550,000 Combined total value = 51,274,350,000

Strike  230  has a total call value of 58,256,850,000  versus a total put value of  119,700,000 Combined total value = 58,376,550,000

Strike  232.5  has a total call value of 67,080,450,000  versus a total put value of  59,850,000 Combined total value = 67,140,300,000

Strike  235  has a total call value of 75,904,050,000  versus a total put value of  0 Combined total value = 75,904,050,000

Strike  237.5  has a total call value of 85,176,525,000  versus a total put value of  0 Combined total value = 85,176,525,000

Strike  240  has a total call value of 94,449,000,000  versus a total put value of  0 Combined total value = 94,449,000,000

Strike  242.5  has a total call value of 103,721,475,000  versus a total put value of  0 Combined total value = 103,721,475,000

Strike  245  has a total call value of 112,993,950,000  versus a total put value of  0 Combined total value = 112,993,950,000

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.