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BRITANNIA
BRITANNIA INDUSTRIES LTD

4927.7 -37.50 (-0.76%)


Strike  4450  has a total call value of 0  versus a total put value of  6,730,200,000 Combined total value = 6,730,200,000

Strike  4500  has a total call value of 0  versus a total put value of  5,825,200,000 Combined total value = 5,825,200,000

Strike  4550  has a total call value of 0  versus a total put value of  4,996,200,000 Combined total value = 4,996,200,000

Strike  4600  has a total call value of 0  versus a total put value of  4,167,200,000 Combined total value = 4,167,200,000

Strike  4620  has a total call value of 0  versus a total put value of  3,882,800,000 Combined total value = 3,882,800,000

Strike  4640  has a total call value of 0  versus a total put value of  3,598,400,000 Combined total value = 3,598,400,000

Strike  4650  has a total call value of 0  versus a total put value of  3,456,200,000 Combined total value = 3,456,200,000

Strike  4660  has a total call value of 0  versus a total put value of  3,314,000,000 Combined total value = 3,314,000,000

Strike  4680  has a total call value of 0  versus a total put value of  3,029,600,000 Combined total value = 3,029,600,000

Strike  4700  has a total call value of 0  versus a total put value of  2,745,200,000 Combined total value = 2,745,200,000

Strike  4720  has a total call value of 0  versus a total put value of  2,510,400,000 Combined total value = 2,510,400,000

Strike  4740  has a total call value of 0  versus a total put value of  2,275,600,000 Combined total value = 2,275,600,000

Strike  4750  has a total call value of 0  versus a total put value of  2,158,200,000 Combined total value = 2,158,200,000

Strike  4760  has a total call value of 0  versus a total put value of  2,040,800,000 Combined total value = 2,040,800,000

Strike  4780  has a total call value of 0  versus a total put value of  1,806,000,000 Combined total value = 1,806,000,000

Strike  4800  has a total call value of 0  versus a total put value of  1,573,200,000 Combined total value = 1,573,200,000

Strike  4820  has a total call value of 0  versus a total put value of  1,387,200,000 Combined total value = 1,387,200,000

Strike  4840  has a total call value of 0  versus a total put value of  1,201,200,000 Combined total value = 1,201,200,000

Strike  4850  has a total call value of 0  versus a total put value of  1,108,200,000 Combined total value = 1,108,200,000

Strike  4860  has a total call value of 200,000  versus a total put value of  1,020,800,000 Combined total value = 1,021,000,000

Strike  4880  has a total call value of 600,000  versus a total put value of  846,000,000 Combined total value = 846,600,000

Strike  4900  has a total call value of 5,000,000  versus a total put value of  671,200,000 Combined total value = 676,200,000

Strike  4920  has a total call value of 84,600,000  versus a total put value of  558,000,000 Combined total value = 642,600,000

Strike  4940  has a total call value of 169,800,000  versus a total put value of  444,800,000 Combined total value = 614,600,000

Strike  4950  has a total call value of 218,800,000  versus a total put value of  391,000,000 Combined total value = 609,800,000

Strike  4960  has a total call value of 271,800,000  versus a total put value of  340,600,000 Combined total value = 612,400,000

Strike  4980  has a total call value of 386,600,000  versus a total put value of  240,200,000 Combined total value = 626,800,000

Strike  5000  has a total call value of 514,200,000  versus a total put value of  142,600,000 Combined total value = 656,800,000

Strike  5020  has a total call value of 937,800,000  versus a total put value of  103,400,000 Combined total value = 1,041,200,000

Strike  5040  has a total call value of 1,427,800,000  versus a total put value of  79,800,000 Combined total value = 1,507,600,000

Strike  5050  has a total call value of 1,672,800,000  versus a total put value of  68,000,000 Combined total value = 1,740,800,000

Strike  5060  has a total call value of 1,920,600,000  versus a total put value of  56,400,000 Combined total value = 1,977,000,000

Strike  5080  has a total call value of 2,416,200,000  versus a total put value of  33,200,000 Combined total value = 2,449,400,000

Strike  5100  has a total call value of 2,911,800,000  versus a total put value of  10,000,000 Combined total value = 2,921,800,000

Strike  5120  has a total call value of 3,535,800,000  versus a total put value of  8,000,000 Combined total value = 3,543,800,000

Strike  5140  has a total call value of 4,159,800,000  versus a total put value of  6,000,000 Combined total value = 4,165,800,000

Strike  5150  has a total call value of 4,471,800,000  versus a total put value of  5,000,000 Combined total value = 4,476,800,000

Strike  5160  has a total call value of 4,783,800,000  versus a total put value of  4,000,000 Combined total value = 4,787,800,000

Strike  5180  has a total call value of 5,407,800,000  versus a total put value of  2,000,000 Combined total value = 5,409,800,000

Strike  5200  has a total call value of 6,031,800,000  versus a total put value of  0 Combined total value = 6,031,800,000

Strike  5220  has a total call value of 6,729,800,000  versus a total put value of  0 Combined total value = 6,729,800,000

Strike  5240  has a total call value of 7,427,800,000  versus a total put value of  0 Combined total value = 7,427,800,000

Strike  5250  has a total call value of 7,776,800,000  versus a total put value of  0 Combined total value = 7,776,800,000

Strike  5260  has a total call value of 8,126,200,000  versus a total put value of  0 Combined total value = 8,126,200,000

Strike  5280  has a total call value of 8,825,000,000  versus a total put value of  0 Combined total value = 8,825,000,000

Strike  5300  has a total call value of 9,523,800,000  versus a total put value of  0 Combined total value = 9,523,800,000

Strike  5320  has a total call value of 10,251,800,000  versus a total put value of  0 Combined total value = 10,251,800,000

Strike  5340  has a total call value of 10,979,800,000  versus a total put value of  0 Combined total value = 10,979,800,000

Strike  5350  has a total call value of 11,343,800,000  versus a total put value of  0 Combined total value = 11,343,800,000

Strike  5360  has a total call value of 11,707,800,000  versus a total put value of  0 Combined total value = 11,707,800,000

Strike  5380  has a total call value of 12,435,800,000  versus a total put value of  0 Combined total value = 12,435,800,000

Strike  5400  has a total call value of 13,163,800,000  versus a total put value of  0 Combined total value = 13,163,800,000

Strike  5420  has a total call value of 13,903,000,000  versus a total put value of  0 Combined total value = 13,903,000,000

Strike  5440  has a total call value of 14,642,200,000  versus a total put value of  0 Combined total value = 14,642,200,000

Strike  5450  has a total call value of 15,011,800,000  versus a total put value of  0 Combined total value = 15,011,800,000

Strike  5460  has a total call value of 15,381,400,000  versus a total put value of  0 Combined total value = 15,381,400,000

Strike  5480  has a total call value of 16,120,600,000  versus a total put value of  0 Combined total value = 16,120,600,000

Strike  5500  has a total call value of 16,859,800,000  versus a total put value of  0 Combined total value = 16,859,800,000

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.