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ITC
ITC LTD

412.05 2.55 (0.62%)


Strike  350  has a total call value of 0  versus a total put value of  125,943,200,000 Combined total value = 125,943,200,000

Strike  352.5  has a total call value of 0  versus a total put value of  120,669,200,000 Combined total value = 120,669,200,000

Strike  355  has a total call value of 0  versus a total put value of  115,395,200,000 Combined total value = 115,395,200,000

Strike  357.5  has a total call value of 0  versus a total put value of  110,121,200,000 Combined total value = 110,121,200,000

Strike  360  has a total call value of 0  versus a total put value of  104,847,200,000 Combined total value = 104,847,200,000

Strike  362.5  has a total call value of 4,000,000  versus a total put value of  99,737,600,000 Combined total value = 99,741,600,000

Strike  365  has a total call value of 8,000,000  versus a total put value of  94,628,000,000 Combined total value = 94,636,000,000

Strike  367.5  has a total call value of 12,000,000  versus a total put value of  89,525,600,000 Combined total value = 89,537,600,000

Strike  370  has a total call value of 16,000,000  versus a total put value of  84,423,200,000 Combined total value = 84,439,200,000

Strike  372.5  has a total call value of 20,000,000  versus a total put value of  79,509,200,000 Combined total value = 79,529,200,000

Strike  375  has a total call value of 24,000,000  versus a total put value of  74,598,000,000 Combined total value = 74,622,000,000

Strike  377.5  has a total call value of 28,000,000  versus a total put value of  69,686,800,000 Combined total value = 69,714,800,000

Strike  380  has a total call value of 32,000,000  versus a total put value of  64,775,600,000 Combined total value = 64,807,600,000

Strike  382.5  has a total call value of 150,800,000  versus a total put value of  60,336,800,000 Combined total value = 60,487,600,000

Strike  385  has a total call value of 269,600,000  versus a total put value of  55,910,000,000 Combined total value = 56,179,600,000

Strike  387.5  has a total call value of 388,400,000  versus a total put value of  51,548,000,000 Combined total value = 51,936,400,000

Strike  390  has a total call value of 507,200,000  versus a total put value of  47,186,000,000 Combined total value = 47,693,200,000

Strike  392.5  has a total call value of 688,800,000  versus a total put value of  43,195,600,000 Combined total value = 43,884,400,000

Strike  395  has a total call value of 870,400,000  versus a total put value of  39,205,200,000 Combined total value = 40,075,600,000

Strike  397.5  has a total call value of 1,052,000,000  versus a total put value of  35,304,400,000 Combined total value = 36,356,400,000

Strike  400  has a total call value of 1,240,000,000  versus a total put value of  31,432,800,000 Combined total value = 32,672,800,000

Strike  402.5  has a total call value of 1,875,200,000  versus a total put value of  28,422,400,000 Combined total value = 30,297,600,000

Strike  405  has a total call value of 2,510,400,000  versus a total put value of  25,446,000,000 Combined total value = 27,956,400,000

Strike  407.5  has a total call value of 3,253,600,000  versus a total put value of  22,626,400,000 Combined total value = 25,880,000,000

Strike  410  has a total call value of 4,037,200,000  versus a total put value of  19,856,400,000 Combined total value = 23,893,600,000

Strike  412.5  has a total call value of 5,972,400,000  versus a total put value of  17,818,000,000 Combined total value = 23,790,400,000

Strike  415  has a total call value of 8,092,400,000  versus a total put value of  15,892,000,000 Combined total value = 23,984,400,000

Strike  417.5  has a total call value of 11,509,600,000  versus a total put value of  14,185,200,000 Combined total value = 25,694,800,000

Strike  420  has a total call value of 14,969,200,000  versus a total put value of  12,478,400,000 Combined total value = 27,447,600,000

Strike  422.5  has a total call value of 20,011,600,000  versus a total put value of  11,221,600,000 Combined total value = 31,233,200,000

Strike  425  has a total call value of 25,118,800,000  versus a total put value of  9,964,800,000 Combined total value = 35,083,600,000

Strike  427.5  has a total call value of 30,588,800,000  versus a total put value of  8,708,000,000 Combined total value = 39,296,800,000

Strike  430  has a total call value of 36,058,800,000  versus a total put value of  7,451,200,000 Combined total value = 43,510,000,000

Strike  432.5  has a total call value of 42,520,000,000  versus a total put value of  6,457,600,000 Combined total value = 48,977,600,000

Strike  435  has a total call value of 49,033,200,000  versus a total put value of  5,464,000,000 Combined total value = 54,497,200,000

Strike  437.5  has a total call value of 55,818,400,000  versus a total put value of  4,504,400,000 Combined total value = 60,322,800,000

Strike  440  has a total call value of 62,634,400,000  versus a total put value of  3,544,800,000 Combined total value = 66,179,200,000

Strike  442.5  has a total call value of 70,474,400,000  versus a total put value of  2,930,000,000 Combined total value = 73,404,400,000

Strike  445  has a total call value of 78,341,600,000  versus a total put value of  2,315,200,000 Combined total value = 80,656,800,000

Strike  447.5  has a total call value of 86,281,200,000  versus a total put value of  1,700,400,000 Combined total value = 87,981,600,000

Strike  450  has a total call value of 94,220,800,000  versus a total put value of  1,085,600,000 Combined total value = 95,306,400,000

Strike  452.5  has a total call value of 103,642,000,000  versus a total put value of  918,800,000 Combined total value = 104,560,800,000

Strike  455  has a total call value of 113,105,600,000  versus a total put value of  752,000,000 Combined total value = 113,857,600,000

Strike  457.5  has a total call value of 122,660,000,000  versus a total put value of  585,200,000 Combined total value = 123,245,200,000

Strike  460  has a total call value of 132,214,400,000  versus a total put value of  418,400,000 Combined total value = 132,632,800,000

Strike  462.5  has a total call value of 142,198,000,000  versus a total put value of  372,000,000 Combined total value = 142,570,000,000

Strike  465  has a total call value of 152,183,600,000  versus a total put value of  325,600,000 Combined total value = 152,509,200,000

Strike  467.5  has a total call value of 162,322,800,000  versus a total put value of  279,200,000 Combined total value = 162,602,000,000

Strike  470  has a total call value of 172,516,000,000  versus a total put value of  232,800,000 Combined total value = 172,748,800,000

Strike  472.5  has a total call value of 182,885,200,000  versus a total put value of  186,400,000 Combined total value = 183,071,600,000

Strike  475  has a total call value of 193,254,400,000  versus a total put value of  140,000,000 Combined total value = 193,394,400,000

Strike  477.5  has a total call value of 203,623,600,000  versus a total put value of  93,600,000 Combined total value = 203,717,200,000

Strike  480  has a total call value of 213,992,800,000  versus a total put value of  47,200,000 Combined total value = 214,040,000,000

Strike  482.5  has a total call value of 224,752,800,000  versus a total put value of  44,400,000 Combined total value = 224,797,200,000

Strike  485  has a total call value of 235,512,800,000  versus a total put value of  41,600,000 Combined total value = 235,554,400,000

Strike  487.5  has a total call value of 246,272,800,000  versus a total put value of  38,800,000 Combined total value = 246,311,600,000

Strike  490  has a total call value of 257,032,800,000  versus a total put value of  36,000,000 Combined total value = 257,068,800,000

Strike  492.5  has a total call value of 267,829,200,000  versus a total put value of  33,200,000 Combined total value = 267,862,400,000

Strike  495  has a total call value of 278,625,600,000  versus a total put value of  30,400,000 Combined total value = 278,656,000,000

Strike  497.5  has a total call value of 289,422,000,000  versus a total put value of  27,600,000 Combined total value = 289,449,600,000

Strike  500  has a total call value of 300,218,400,000  versus a total put value of  24,800,000 Combined total value = 300,243,200,000

Strike  502.5  has a total call value of 311,504,000,000  versus a total put value of  22,000,000 Combined total value = 311,526,000,000

Strike  505  has a total call value of 322,789,600,000  versus a total put value of  19,200,000 Combined total value = 322,808,800,000

Strike  507.5  has a total call value of 334,075,200,000  versus a total put value of  16,800,000 Combined total value = 334,092,000,000

Strike  510  has a total call value of 345,360,800,000  versus a total put value of  14,400,000 Combined total value = 345,375,200,000

Strike  512.5  has a total call value of 356,646,400,000  versus a total put value of  12,000,000 Combined total value = 356,658,400,000

Strike  515  has a total call value of 367,932,000,000  versus a total put value of  9,600,000 Combined total value = 367,941,600,000

Strike  517.5  has a total call value of 379,217,600,000  versus a total put value of  7,200,000 Combined total value = 379,224,800,000

Strike  520  has a total call value of 390,503,200,000  versus a total put value of  4,800,000 Combined total value = 390,508,000,000

Strike  522.5  has a total call value of 401,789,600,000  versus a total put value of  2,400,000 Combined total value = 401,792,000,000

Strike  525  has a total call value of 413,076,000,000  versus a total put value of  0 Combined total value = 413,076,000,000

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.