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BRITANNIA
BRITANNIA INDUSTRIES LTD

4936.35 -20.60 (-0.42%)


Strike  4200  has a total call value of 0  versus a total put value of  21,078,200,000 Combined total value = 21,078,200,000

Strike  4220  has a total call value of 0  versus a total put value of  20,427,400,000 Combined total value = 20,427,400,000

Strike  4240  has a total call value of 0  versus a total put value of  19,776,600,000 Combined total value = 19,776,600,000

Strike  4250  has a total call value of 0  versus a total put value of  19,451,200,000 Combined total value = 19,451,200,000

Strike  4260  has a total call value of 0  versus a total put value of  19,125,800,000 Combined total value = 19,125,800,000

Strike  4280  has a total call value of 0  versus a total put value of  18,475,000,000 Combined total value = 18,475,000,000

Strike  4300  has a total call value of 0  versus a total put value of  17,824,200,000 Combined total value = 17,824,200,000

Strike  4320  has a total call value of 0  versus a total put value of  17,173,400,000 Combined total value = 17,173,400,000

Strike  4340  has a total call value of 0  versus a total put value of  16,522,600,000 Combined total value = 16,522,600,000

Strike  4350  has a total call value of 0  versus a total put value of  16,197,200,000 Combined total value = 16,197,200,000

Strike  4360  has a total call value of 0  versus a total put value of  15,871,800,000 Combined total value = 15,871,800,000

Strike  4380  has a total call value of 0  versus a total put value of  15,221,000,000 Combined total value = 15,221,000,000

Strike  4400  has a total call value of 0  versus a total put value of  14,570,200,000 Combined total value = 14,570,200,000

Strike  4420  has a total call value of 0  versus a total put value of  13,919,400,000 Combined total value = 13,919,400,000

Strike  4440  has a total call value of 0  versus a total put value of  13,268,600,000 Combined total value = 13,268,600,000

Strike  4450  has a total call value of 0  versus a total put value of  12,943,200,000 Combined total value = 12,943,200,000

Strike  4460  has a total call value of 0  versus a total put value of  12,617,800,000 Combined total value = 12,617,800,000

Strike  4480  has a total call value of 0  versus a total put value of  11,967,000,000 Combined total value = 11,967,000,000

Strike  4500  has a total call value of 0  versus a total put value of  11,316,200,000 Combined total value = 11,316,200,000

Strike  4520  has a total call value of 0  versus a total put value of  10,699,000,000 Combined total value = 10,699,000,000

Strike  4540  has a total call value of 0  versus a total put value of  10,081,800,000 Combined total value = 10,081,800,000

Strike  4550  has a total call value of 0  versus a total put value of  9,773,200,000 Combined total value = 9,773,200,000

Strike  4560  has a total call value of 0  versus a total put value of  9,464,600,000 Combined total value = 9,464,600,000

Strike  4580  has a total call value of 0  versus a total put value of  8,847,400,000 Combined total value = 8,847,400,000

Strike  4600  has a total call value of 0  versus a total put value of  8,230,200,000 Combined total value = 8,230,200,000

Strike  4620  has a total call value of 0  versus a total put value of  7,667,000,000 Combined total value = 7,667,000,000

Strike  4640  has a total call value of 0  versus a total put value of  7,103,800,000 Combined total value = 7,103,800,000

Strike  4650  has a total call value of 0  versus a total put value of  6,822,200,000 Combined total value = 6,822,200,000

Strike  4660  has a total call value of 0  versus a total put value of  6,548,200,000 Combined total value = 6,548,200,000

Strike  4680  has a total call value of 0  versus a total put value of  6,000,200,000 Combined total value = 6,000,200,000

Strike  4700  has a total call value of 0  versus a total put value of  5,452,200,000 Combined total value = 5,452,200,000

Strike  4720  has a total call value of 0  versus a total put value of  4,990,600,000 Combined total value = 4,990,600,000

Strike  4740  has a total call value of 0  versus a total put value of  4,529,000,000 Combined total value = 4,529,000,000

Strike  4750  has a total call value of 0  versus a total put value of  4,298,200,000 Combined total value = 4,298,200,000

Strike  4760  has a total call value of 0  versus a total put value of  4,067,400,000 Combined total value = 4,067,400,000

Strike  4780  has a total call value of 0  versus a total put value of  3,605,800,000 Combined total value = 3,605,800,000

Strike  4800  has a total call value of 0  versus a total put value of  3,152,600,000 Combined total value = 3,152,600,000

Strike  4820  has a total call value of 15,600,000  versus a total put value of  2,805,400,000 Combined total value = 2,821,000,000

Strike  4840  has a total call value of 31,200,000  versus a total put value of  2,458,200,000 Combined total value = 2,489,400,000

Strike  4850  has a total call value of 39,000,000  versus a total put value of  2,284,600,000 Combined total value = 2,323,600,000

Strike  4860  has a total call value of 50,400,000  versus a total put value of  2,117,400,000 Combined total value = 2,167,800,000

Strike  4880  has a total call value of 75,600,000  versus a total put value of  1,785,400,000 Combined total value = 1,861,000,000

Strike  4900  has a total call value of 104,400,000  versus a total put value of  1,453,400,000 Combined total value = 1,557,800,000

Strike  4920  has a total call value of 216,800,000  versus a total put value of  1,222,200,000 Combined total value = 1,439,000,000

Strike  4940  has a total call value of 338,800,000  versus a total put value of  1,000,600,000 Combined total value = 1,339,400,000

Strike  4950  has a total call value of 411,600,000  versus a total put value of  897,000,000 Combined total value = 1,308,600,000

Strike  4960  has a total call value of 524,800,000  versus a total put value of  808,200,000 Combined total value = 1,333,000,000

Strike  4980  has a total call value of 768,400,000  versus a total put value of  635,400,000 Combined total value = 1,403,800,000

Strike  5000  has a total call value of 1,038,800,000  versus a total put value of  462,600,000 Combined total value = 1,501,400,000

Strike  5020  has a total call value of 1,599,200,000  versus a total put value of  370,600,000 Combined total value = 1,969,800,000

Strike  5040  has a total call value of 2,182,800,000  versus a total put value of  278,600,000 Combined total value = 2,461,400,000

Strike  5050  has a total call value of 2,481,800,000  versus a total put value of  232,600,000 Combined total value = 2,714,400,000

Strike  5060  has a total call value of 2,806,000,000  versus a total put value of  186,600,000 Combined total value = 2,992,600,000

Strike  5080  has a total call value of 3,454,400,000  versus a total put value of  105,800,000 Combined total value = 3,560,200,000

Strike  5100  has a total call value of 4,114,000,000  versus a total put value of  25,000,000 Combined total value = 4,139,000,000

Strike  5120  has a total call value of 5,058,000,000  versus a total put value of  15,000,000 Combined total value = 5,073,000,000

Strike  5140  has a total call value of 6,018,000,000  versus a total put value of  5,000,000 Combined total value = 6,023,000,000

Strike  5150  has a total call value of 6,512,200,000  versus a total put value of  0 Combined total value = 6,512,200,000

Strike  5160  has a total call value of 7,061,400,000  versus a total put value of  0 Combined total value = 7,061,400,000

Strike  5180  has a total call value of 8,159,800,000  versus a total put value of  0 Combined total value = 8,159,800,000

Strike  5200  has a total call value of 9,258,200,000  versus a total put value of  0 Combined total value = 9,258,200,000

Strike  5220  has a total call value of 10,944,200,000  versus a total put value of  0 Combined total value = 10,944,200,000

Strike  5240  has a total call value of 12,639,800,000  versus a total put value of  0 Combined total value = 12,639,800,000

Strike  5250  has a total call value of 13,487,600,000  versus a total put value of  0 Combined total value = 13,487,600,000

Strike  5260  has a total call value of 14,344,400,000  versus a total put value of  0 Combined total value = 14,344,400,000

Strike  5280  has a total call value of 16,058,000,000  versus a total put value of  0 Combined total value = 16,058,000,000

Strike  5300  has a total call value of 17,771,600,000  versus a total put value of  0 Combined total value = 17,771,600,000

Strike  5320  has a total call value of 19,771,600,000  versus a total put value of  0 Combined total value = 19,771,600,000

Strike  5340  has a total call value of 21,771,600,000  versus a total put value of  0 Combined total value = 21,771,600,000

Strike  5350  has a total call value of 22,771,600,000  versus a total put value of  0 Combined total value = 22,771,600,000

Strike  5360  has a total call value of 23,771,600,000  versus a total put value of  0 Combined total value = 23,771,600,000

Strike  5380  has a total call value of 25,771,600,000  versus a total put value of  0 Combined total value = 25,771,600,000

Strike  5400  has a total call value of 27,771,600,000  versus a total put value of  0 Combined total value = 27,771,600,000

Strike  5420  has a total call value of 29,879,200,000  versus a total put value of  0 Combined total value = 29,879,200,000

Strike  5440  has a total call value of 31,986,800,000  versus a total put value of  0 Combined total value = 31,986,800,000

Strike  5450  has a total call value of 33,040,600,000  versus a total put value of  0 Combined total value = 33,040,600,000

Strike  5460  has a total call value of 34,094,400,000  versus a total put value of  0 Combined total value = 34,094,400,000

Strike  5480  has a total call value of 36,202,000,000  versus a total put value of  0 Combined total value = 36,202,000,000

Strike  5500  has a total call value of 38,309,600,000  versus a total put value of  0 Combined total value = 38,309,600,000

Strike  5520  has a total call value of 40,520,000,000  versus a total put value of  0 Combined total value = 40,520,000,000

Strike  5540  has a total call value of 42,730,400,000  versus a total put value of  0 Combined total value = 42,730,400,000

Strike  5550  has a total call value of 43,835,600,000  versus a total put value of  0 Combined total value = 43,835,600,000

Strike  5560  has a total call value of 44,940,800,000  versus a total put value of  0 Combined total value = 44,940,800,000

Strike  5580  has a total call value of 47,151,200,000  versus a total put value of  0 Combined total value = 47,151,200,000

Strike  5600  has a total call value of 49,361,600,000  versus a total put value of  0 Combined total value = 49,361,600,000

Strike  5620  has a total call value of 51,640,400,000  versus a total put value of  0 Combined total value = 51,640,400,000

Strike  5640  has a total call value of 53,919,200,000  versus a total put value of  0 Combined total value = 53,919,200,000

Strike  5650  has a total call value of 55,058,600,000  versus a total put value of  0 Combined total value = 55,058,600,000

Strike  5660  has a total call value of 56,198,000,000  versus a total put value of  0 Combined total value = 56,198,000,000

Strike  5680  has a total call value of 58,476,800,000  versus a total put value of  0 Combined total value = 58,476,800,000

Strike  5700  has a total call value of 60,755,600,000  versus a total put value of  0 Combined total value = 60,755,600,000

Strike  5720  has a total call value of 63,074,800,000  versus a total put value of  0 Combined total value = 63,074,800,000

Strike  5740  has a total call value of 65,394,000,000  versus a total put value of  0 Combined total value = 65,394,000,000

Strike  5750  has a total call value of 66,553,600,000  versus a total put value of  0 Combined total value = 66,553,600,000

Strike  5760  has a total call value of 67,713,200,000  versus a total put value of  0 Combined total value = 67,713,200,000

Strike  5780  has a total call value of 70,032,400,000  versus a total put value of  0 Combined total value = 70,032,400,000

Strike  5800  has a total call value of 72,351,600,000  versus a total put value of  0 Combined total value = 72,351,600,000

Strike  5820  has a total call value of 74,704,800,000  versus a total put value of  0 Combined total value = 74,704,800,000

Strike  5840  has a total call value of 77,058,000,000  versus a total put value of  0 Combined total value = 77,058,000,000

Strike  5850  has a total call value of 78,234,600,000  versus a total put value of  0 Combined total value = 78,234,600,000

Strike  5860  has a total call value of 79,411,200,000  versus a total put value of  0 Combined total value = 79,411,200,000

Strike  5880  has a total call value of 81,764,400,000  versus a total put value of  0 Combined total value = 81,764,400,000

Strike  5900  has a total call value of 84,117,600,000  versus a total put value of  0 Combined total value = 84,117,600,000

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.