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ITC
ITC LTD

417.45 -1.65 (-0.39%)


Strike  345  has a total call value of 0  versus a total put value of  270,680,800,000 Combined total value = 270,680,800,000

Strike  347.5  has a total call value of 0  versus a total put value of  259,795,200,000 Combined total value = 259,795,200,000

Strike  350  has a total call value of 0  versus a total put value of  248,909,600,000 Combined total value = 248,909,600,000

Strike  352.5  has a total call value of 39,200,000  versus a total put value of  238,360,400,000 Combined total value = 238,399,600,000

Strike  355  has a total call value of 78,400,000  versus a total put value of  227,811,200,000 Combined total value = 227,889,600,000

Strike  357.5  has a total call value of 117,600,000  versus a total put value of  217,292,400,000 Combined total value = 217,410,000,000

Strike  360  has a total call value of 156,800,000  versus a total put value of  206,773,600,000 Combined total value = 206,930,400,000

Strike  362.5  has a total call value of 196,000,000  versus a total put value of  196,400,400,000 Combined total value = 196,596,400,000

Strike  365  has a total call value of 235,200,000  versus a total put value of  186,027,200,000 Combined total value = 186,262,400,000

Strike  367.5  has a total call value of 274,400,000  versus a total put value of  175,736,800,000 Combined total value = 176,011,200,000

Strike  370  has a total call value of 313,600,000  versus a total put value of  165,446,400,000 Combined total value = 165,760,000,000

Strike  372.5  has a total call value of 352,800,000  versus a total put value of  155,504,000,000 Combined total value = 155,856,800,000

Strike  375  has a total call value of 392,000,000  versus a total put value of  145,561,600,000 Combined total value = 145,953,600,000

Strike  377.5  has a total call value of 431,600,000  versus a total put value of  135,692,400,000 Combined total value = 136,124,000,000

Strike  380  has a total call value of 471,200,000  versus a total put value of  125,871,200,000 Combined total value = 126,342,400,000

Strike  382.5  has a total call value of 626,800,000  versus a total put value of  116,584,000,000 Combined total value = 117,210,800,000

Strike  385  has a total call value of 782,400,000  versus a total put value of  107,343,200,000 Combined total value = 108,125,600,000

Strike  387.5  has a total call value of 938,000,000  versus a total put value of  98,290,400,000 Combined total value = 99,228,400,000

Strike  390  has a total call value of 1,093,600,000  versus a total put value of  89,303,200,000 Combined total value = 90,396,800,000

Strike  392.5  has a total call value of 1,354,800,000  versus a total put value of  80,982,400,000 Combined total value = 82,337,200,000

Strike  395  has a total call value of 1,616,000,000  versus a total put value of  72,737,600,000 Combined total value = 74,353,600,000

Strike  397.5  has a total call value of 1,916,000,000  versus a total put value of  64,682,000,000 Combined total value = 66,598,000,000

Strike  400  has a total call value of 2,216,000,000  versus a total put value of  56,709,200,000 Combined total value = 58,925,200,000

Strike  402.5  has a total call value of 2,892,800,000  versus a total put value of  50,455,200,000 Combined total value = 53,348,000,000

Strike  405  has a total call value of 3,622,800,000  versus a total put value of  44,315,600,000 Combined total value = 47,938,400,000

Strike  407.5  has a total call value of 4,514,000,000  versus a total put value of  38,526,400,000 Combined total value = 43,040,400,000

Strike  410  has a total call value of 5,488,800,000  versus a total put value of  32,833,600,000 Combined total value = 38,322,400,000

Strike  412.5  has a total call value of 8,528,000,000  versus a total put value of  28,557,200,000 Combined total value = 37,085,200,000

Strike  415  has a total call value of 11,740,000,000  versus a total put value of  24,428,000,000 Combined total value = 36,168,000,000

Strike  417.5  has a total call value of 16,171,200,000  versus a total put value of  20,831,200,000 Combined total value = 37,002,400,000

Strike  420  has a total call value of 20,725,600,000  versus a total put value of  17,408,400,000 Combined total value = 38,134,000,000

Strike  422.5  has a total call value of 27,399,600,000  versus a total put value of  15,040,800,000 Combined total value = 42,440,400,000

Strike  425  has a total call value of 34,302,800,000  versus a total put value of  12,800,800,000 Combined total value = 47,103,600,000

Strike  427.5  has a total call value of 43,201,200,000  versus a total put value of  10,966,000,000 Combined total value = 54,167,200,000

Strike  430  has a total call value of 52,524,400,000  versus a total put value of  9,186,800,000 Combined total value = 61,711,200,000

Strike  432.5  has a total call value of 66,922,800,000  versus a total put value of  8,028,000,000 Combined total value = 74,950,800,000

Strike  435  has a total call value of 81,715,200,000  versus a total put value of  6,952,000,000 Combined total value = 88,667,200,000

Strike  437.5  has a total call value of 99,467,200,000  versus a total put value of  6,044,800,000 Combined total value = 105,512,000,000

Strike  440  has a total call value of 117,497,600,000  versus a total put value of  5,162,000,000 Combined total value = 122,659,600,000

Strike  442.5  has a total call value of 137,698,000,000  versus a total put value of  4,586,800,000 Combined total value = 142,284,800,000

Strike  445  has a total call value of 158,084,400,000  versus a total put value of  4,015,200,000 Combined total value = 162,099,600,000

Strike  447.5  has a total call value of 178,883,600,000  versus a total put value of  3,462,000,000 Combined total value = 182,345,600,000

Strike  450  has a total call value of 199,804,000,000  versus a total put value of  2,908,800,000 Combined total value = 202,712,800,000

Strike  452.5  has a total call value of 223,297,600,000  versus a total put value of  2,669,600,000 Combined total value = 225,967,200,000

Strike  455  has a total call value of 246,840,000,000  versus a total put value of  2,430,400,000 Combined total value = 249,270,400,000

Strike  457.5  has a total call value of 270,604,000,000  versus a total put value of  2,191,200,000 Combined total value = 272,795,200,000

Strike  460  has a total call value of 294,416,000,000  versus a total put value of  1,952,000,000 Combined total value = 296,368,000,000

Strike  462.5  has a total call value of 319,117,600,000  versus a total put value of  1,810,000,000 Combined total value = 320,927,600,000

Strike  465  has a total call value of 343,850,000,000  versus a total put value of  1,668,000,000 Combined total value = 345,518,000,000

Strike  467.5  has a total call value of 368,684,400,000  versus a total put value of  1,526,000,000 Combined total value = 370,210,400,000

Strike  470  has a total call value of 393,547,600,000  versus a total put value of  1,384,000,000 Combined total value = 394,931,600,000

Strike  472.5  has a total call value of 418,782,400,000  versus a total put value of  1,242,000,000 Combined total value = 420,024,400,000

Strike  475  has a total call value of 444,017,200,000  versus a total put value of  1,100,000,000 Combined total value = 445,117,200,000

Strike  477.5  has a total call value of 469,328,400,000  versus a total put value of  958,000,000 Combined total value = 470,286,400,000

Strike  480  has a total call value of 494,654,800,000  versus a total put value of  816,000,000 Combined total value = 495,470,800,000

Strike  482.5  has a total call value of 520,605,200,000  versus a total put value of  714,000,000 Combined total value = 521,319,200,000

Strike  485  has a total call value of 546,584,800,000  versus a total put value of  612,000,000 Combined total value = 547,196,800,000

Strike  487.5  has a total call value of 572,600,000,000  versus a total put value of  510,000,000 Combined total value = 573,110,000,000

Strike  490  has a total call value of 598,615,200,000  versus a total put value of  408,000,000 Combined total value = 599,023,200,000

Strike  492.5  has a total call value of 624,745,200,000  versus a total put value of  306,000,000 Combined total value = 625,051,200,000

Strike  495  has a total call value of 650,875,200,000  versus a total put value of  204,000,000 Combined total value = 651,079,200,000

Strike  497.5  has a total call value of 677,005,200,000  versus a total put value of  102,000,000 Combined total value = 677,107,200,000

Strike  500  has a total call value of 703,135,200,000  versus a total put value of  0 Combined total value = 703,135,200,000

Strike  502.5  has a total call value of 729,985,200,000  versus a total put value of  0 Combined total value = 729,985,200,000

Strike  505  has a total call value of 756,835,200,000  versus a total put value of  0 Combined total value = 756,835,200,000

Strike  507.5  has a total call value of 783,685,200,000  versus a total put value of  0 Combined total value = 783,685,200,000

Strike  510  has a total call value of 810,535,200,000  versus a total put value of  0 Combined total value = 810,535,200,000

Strike  512.5  has a total call value of 837,385,200,000  versus a total put value of  0 Combined total value = 837,385,200,000

Strike  515  has a total call value of 864,235,200,000  versus a total put value of  0 Combined total value = 864,235,200,000

Strike  517.5  has a total call value of 891,113,200,000  versus a total put value of  0 Combined total value = 891,113,200,000

Strike  520  has a total call value of 917,991,200,000  versus a total put value of  0 Combined total value = 917,991,200,000

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.