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HAL
HINDUSTAN AERONAUTICS LTD

3154.3 70.25 (2.28%)


Strike  2400  has a total call value of 0  versus a total put value of  108,336,600,000 Combined total value = 108,336,600,000

Strike  2420  has a total call value of 0  versus a total put value of  104,155,200,000 Combined total value = 104,155,200,000

Strike  2440  has a total call value of 0  versus a total put value of  99,973,800,000 Combined total value = 99,973,800,000

Strike  2460  has a total call value of 0  versus a total put value of  95,792,400,000 Combined total value = 95,792,400,000

Strike  2480  has a total call value of 0  versus a total put value of  91,611,000,000 Combined total value = 91,611,000,000

Strike  2500  has a total call value of 0  versus a total put value of  87,429,600,000 Combined total value = 87,429,600,000

Strike  2520  has a total call value of 13,800,000  versus a total put value of  83,368,200,000 Combined total value = 83,382,000,000

Strike  2540  has a total call value of 27,600,000  versus a total put value of  79,306,800,000 Combined total value = 79,334,400,000

Strike  2560  has a total call value of 41,400,000  versus a total put value of  75,245,400,000 Combined total value = 75,286,800,000

Strike  2580  has a total call value of 55,200,000  versus a total put value of  71,184,000,000 Combined total value = 71,239,200,000

Strike  2600  has a total call value of 69,000,000  versus a total put value of  67,122,600,000 Combined total value = 67,191,600,000

Strike  2620  has a total call value of 82,800,000  versus a total put value of  63,205,800,000 Combined total value = 63,288,600,000

Strike  2640  has a total call value of 96,600,000  versus a total put value of  59,289,000,000 Combined total value = 59,385,600,000

Strike  2660  has a total call value of 110,400,000  versus a total put value of  55,372,200,000 Combined total value = 55,482,600,000

Strike  2680  has a total call value of 124,200,000  versus a total put value of  51,455,400,000 Combined total value = 51,579,600,000

Strike  2700  has a total call value of 138,000,000  versus a total put value of  47,538,600,000 Combined total value = 47,676,600,000

Strike  2720  has a total call value of 151,800,000  versus a total put value of  44,226,000,000 Combined total value = 44,377,800,000

Strike  2740  has a total call value of 165,600,000  versus a total put value of  40,913,400,000 Combined total value = 41,079,000,000

Strike  2760  has a total call value of 179,400,000  versus a total put value of  37,600,800,000 Combined total value = 37,780,200,000

Strike  2780  has a total call value of 193,200,000  versus a total put value of  34,313,400,000 Combined total value = 34,506,600,000

Strike  2800  has a total call value of 207,000,000  versus a total put value of  31,064,400,000 Combined total value = 31,271,400,000

Strike  2820  has a total call value of 220,800,000  versus a total put value of  28,426,200,000 Combined total value = 28,647,000,000

Strike  2840  has a total call value of 234,600,000  versus a total put value of  25,788,000,000 Combined total value = 26,022,600,000

Strike  2860  has a total call value of 248,400,000  versus a total put value of  23,198,400,000 Combined total value = 23,446,800,000

Strike  2880  has a total call value of 262,200,000  versus a total put value of  20,617,200,000 Combined total value = 20,879,400,000

Strike  2900  has a total call value of 276,000,000  versus a total put value of  18,039,600,000 Combined total value = 18,315,600,000

Strike  2920  has a total call value of 382,800,000  versus a total put value of  15,957,000,000 Combined total value = 16,339,800,000

Strike  2940  has a total call value of 489,600,000  versus a total put value of  13,909,800,000 Combined total value = 14,399,400,000

Strike  2960  has a total call value of 596,400,000  versus a total put value of  11,866,200,000 Combined total value = 12,462,600,000

Strike  2980  has a total call value of 703,200,000  versus a total put value of  9,826,800,000 Combined total value = 10,530,000,000

Strike  3000  has a total call value of 818,400,000  versus a total put value of  7,802,400,000 Combined total value = 8,620,800,000

Strike  3020  has a total call value of 1,278,600,000  versus a total put value of  6,711,000,000 Combined total value = 7,989,600,000

Strike  3040  has a total call value of 1,749,600,000  versus a total put value of  5,634,600,000 Combined total value = 7,384,200,000

Strike  3060  has a total call value of 2,271,000,000  versus a total put value of  4,607,400,000 Combined total value = 6,878,400,000

Strike  3080  has a total call value of 2,841,000,000  versus a total put value of  3,627,600,000 Combined total value = 6,468,600,000

Strike  3100  has a total call value of 3,444,000,000  versus a total put value of  2,683,200,000 Combined total value = 6,127,200,000

Strike  3120  has a total call value of 4,854,600,000  versus a total put value of  2,122,200,000 Combined total value = 6,976,800,000

Strike  3140  has a total call value of 6,391,800,000  versus a total put value of  1,644,600,000 Combined total value = 8,036,400,000

Strike  3160  has a total call value of 8,144,400,000  versus a total put value of  1,256,400,000 Combined total value = 9,400,800,000

Strike  3180  has a total call value of 10,194,600,000  versus a total put value of  978,000,000 Combined total value = 11,172,600,000

Strike  3200  has a total call value of 12,294,600,000  versus a total put value of  717,000,000 Combined total value = 13,011,600,000

Strike  3220  has a total call value of 15,797,400,000  versus a total put value of  609,000,000 Combined total value = 16,406,400,000

Strike  3240  has a total call value of 19,300,200,000  versus a total put value of  501,000,000 Combined total value = 19,801,200,000

Strike  3260  has a total call value of 22,845,600,000  versus a total put value of  393,000,000 Combined total value = 23,238,600,000

Strike  3280  has a total call value of 26,416,200,000  versus a total put value of  285,000,000 Combined total value = 26,701,200,000

Strike  3300  has a total call value of 29,986,800,000  versus a total put value of  177,000,000 Combined total value = 30,163,800,000

Strike  3320  has a total call value of 34,395,000,000  versus a total put value of  141,600,000 Combined total value = 34,536,600,000

Strike  3340  has a total call value of 38,823,000,000  versus a total put value of  106,200,000 Combined total value = 38,929,200,000

Strike  3360  has a total call value of 43,312,800,000  versus a total put value of  70,800,000 Combined total value = 43,383,600,000

Strike  3380  has a total call value of 47,802,600,000  versus a total put value of  35,400,000 Combined total value = 47,838,000,000

Strike  3400  has a total call value of 52,292,400,000  versus a total put value of  0 Combined total value = 52,292,400,000

Strike  3420  has a total call value of 57,481,200,000  versus a total put value of  0 Combined total value = 57,481,200,000

Strike  3440  has a total call value of 62,670,000,000  versus a total put value of  0 Combined total value = 62,670,000,000

Strike  3460  has a total call value of 67,858,800,000  versus a total put value of  0 Combined total value = 67,858,800,000

Strike  3480  has a total call value of 73,047,600,000  versus a total put value of  0 Combined total value = 73,047,600,000

Strike  3500  has a total call value of 78,267,600,000  versus a total put value of  0 Combined total value = 78,267,600,000

Strike  3520  has a total call value of 84,354,000,000  versus a total put value of  0 Combined total value = 84,354,000,000

Strike  3540  has a total call value of 90,444,600,000  versus a total put value of  0 Combined total value = 90,444,600,000

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.