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NTPC
NTPC LTD

337.75 -1.80 (-0.53%)


Strike  225  has a total call value of 0  versus a total put value of  371,767,500,000 Combined total value = 371,767,500,000

Strike  227.5  has a total call value of 0  versus a total put value of  362,347,500,000 Combined total value = 362,347,500,000

Strike  230  has a total call value of 0  versus a total put value of  352,927,500,000 Combined total value = 352,927,500,000

Strike  232.5  has a total call value of 0  versus a total put value of  343,507,500,000 Combined total value = 343,507,500,000

Strike  235  has a total call value of 0  versus a total put value of  334,087,500,000 Combined total value = 334,087,500,000

Strike  237.5  has a total call value of 0  versus a total put value of  324,667,500,000 Combined total value = 324,667,500,000

Strike  240  has a total call value of 0  versus a total put value of  315,247,500,000 Combined total value = 315,247,500,000

Strike  242.5  has a total call value of 0  versus a total put value of  305,827,500,000 Combined total value = 305,827,500,000

Strike  245  has a total call value of 0  versus a total put value of  296,407,500,000 Combined total value = 296,407,500,000

Strike  247.5  has a total call value of 0  versus a total put value of  286,987,500,000 Combined total value = 286,987,500,000

Strike  250  has a total call value of 0  versus a total put value of  277,567,500,000 Combined total value = 277,567,500,000

Strike  252.5  has a total call value of 0  versus a total put value of  268,175,250,000 Combined total value = 268,175,250,000

Strike  255  has a total call value of 0  versus a total put value of  258,783,000,000 Combined total value = 258,783,000,000

Strike  257.5  has a total call value of 0  versus a total put value of  249,390,750,000 Combined total value = 249,390,750,000

Strike  260  has a total call value of 0  versus a total put value of  239,998,500,000 Combined total value = 239,998,500,000

Strike  262.5  has a total call value of 0  versus a total put value of  230,628,000,000 Combined total value = 230,628,000,000

Strike  265  has a total call value of 0  versus a total put value of  221,257,500,000 Combined total value = 221,257,500,000

Strike  267.5  has a total call value of 0  versus a total put value of  211,887,000,000 Combined total value = 211,887,000,000

Strike  270  has a total call value of 0  versus a total put value of  202,516,500,000 Combined total value = 202,516,500,000

Strike  272.5  has a total call value of 4,500,000  versus a total put value of  193,269,750,000 Combined total value = 193,274,250,000

Strike  275  has a total call value of 9,000,000  versus a total put value of  184,023,000,000 Combined total value = 184,032,000,000

Strike  277.5  has a total call value of 13,500,000  versus a total put value of  174,776,250,000 Combined total value = 174,789,750,000

Strike  280  has a total call value of 18,000,000  versus a total put value of  165,537,000,000 Combined total value = 165,555,000,000

Strike  282.5  has a total call value of 22,500,000  versus a total put value of  156,560,250,000 Combined total value = 156,582,750,000

Strike  285  has a total call value of 27,000,000  versus a total put value of  147,583,500,000 Combined total value = 147,610,500,000

Strike  287.5  has a total call value of 31,500,000  versus a total put value of  138,647,250,000 Combined total value = 138,678,750,000

Strike  290  has a total call value of 36,000,000  versus a total put value of  129,711,000,000 Combined total value = 129,747,000,000

Strike  292.5  has a total call value of 40,500,000  versus a total put value of  120,964,500,000 Combined total value = 121,005,000,000

Strike  295  has a total call value of 45,000,000  versus a total put value of  112,232,250,000 Combined total value = 112,277,250,000

Strike  297.5  has a total call value of 49,500,000  versus a total put value of  103,500,000,000 Combined total value = 103,549,500,000

Strike  300  has a total call value of 54,000,000  versus a total put value of  94,767,750,000 Combined total value = 94,821,750,000

Strike  302.5  has a total call value of 111,750,000  versus a total put value of  86,646,750,000 Combined total value = 86,758,500,000

Strike  305  has a total call value of 169,500,000  versus a total put value of  78,548,250,000 Combined total value = 78,717,750,000

Strike  307.5  has a total call value of 227,250,000  versus a total put value of  70,584,000,000 Combined total value = 70,811,250,000

Strike  310  has a total call value of 285,000,000  versus a total put value of  62,619,750,000 Combined total value = 62,904,750,000

Strike  312.5  has a total call value of 456,750,000  versus a total put value of  55,121,250,000 Combined total value = 55,578,000,000

Strike  315  has a total call value of 628,500,000  versus a total put value of  47,697,000,000 Combined total value = 48,325,500,000

Strike  317.5  has a total call value of 970,500,000  versus a total put value of  40,716,000,000 Combined total value = 41,686,500,000

Strike  320  has a total call value of 1,312,500,000  versus a total put value of  33,820,500,000 Combined total value = 35,133,000,000

Strike  322.5  has a total call value of 2,229,000,000  versus a total put value of  27,704,250,000 Combined total value = 29,933,250,000

Strike  325  has a total call value of 3,252,750,000  versus a total put value of  21,719,250,000 Combined total value = 24,972,000,000

Strike  327.5  has a total call value of 6,386,250,000  versus a total put value of  16,692,750,000 Combined total value = 23,079,000,000

Strike  330  has a total call value of 9,650,250,000  versus a total put value of  11,924,250,000 Combined total value = 21,574,500,000

Strike  332.5  has a total call value of 16,052,250,000  versus a total put value of  8,840,250,000 Combined total value = 24,892,500,000

Strike  335  has a total call value of 22,626,750,000  versus a total put value of  5,987,250,000 Combined total value = 28,614,000,000

Strike  337.5  has a total call value of 32,162,250,000  versus a total put value of  4,200,000,000 Combined total value = 36,362,250,000

Strike  340  has a total call value of 42,217,500,000  versus a total put value of  2,590,500,000 Combined total value = 44,808,000,000

Strike  342.5  has a total call value of 56,365,500,000  versus a total put value of  1,680,750,000 Combined total value = 58,046,250,000

Strike  345  has a total call value of 71,169,750,000  versus a total put value of  917,250,000 Combined total value = 72,087,000,000

Strike  347.5  has a total call value of 87,945,750,000  versus a total put value of  542,250,000 Combined total value = 88,488,000,000

Strike  350  has a total call value of 105,628,500,000  versus a total put value of  216,000,000 Combined total value = 105,844,500,000

Strike  352.5  has a total call value of 126,376,500,000  versus a total put value of  147,750,000 Combined total value = 126,524,250,000

Strike  355  has a total call value of 147,349,500,000  versus a total put value of  96,750,000 Combined total value = 147,446,250,000

Strike  357.5  has a total call value of 168,916,500,000  versus a total put value of  45,750,000 Combined total value = 168,962,250,000

Strike  360  has a total call value of 190,633,500,000  versus a total put value of  0 Combined total value = 190,633,500,000

Strike  362.5  has a total call value of 213,162,750,000  versus a total put value of  0 Combined total value = 213,162,750,000

Strike  365  has a total call value of 235,774,500,000  versus a total put value of  0 Combined total value = 235,774,500,000

Strike  367.5  has a total call value of 258,675,750,000  versus a total put value of  0 Combined total value = 258,675,750,000

Strike  370  has a total call value of 281,764,500,000  versus a total put value of  0 Combined total value = 281,764,500,000

Strike  372.5  has a total call value of 305,294,250,000  versus a total put value of  0 Combined total value = 305,294,250,000

Strike  375  has a total call value of 328,834,500,000  versus a total put value of  0 Combined total value = 328,834,500,000

Strike  377.5  has a total call value of 352,686,750,000  versus a total put value of  0 Combined total value = 352,686,750,000

Strike  380  has a total call value of 376,539,000,000  versus a total put value of  0 Combined total value = 376,539,000,000

Strike  382.5  has a total call value of 400,570,500,000  versus a total put value of  0 Combined total value = 400,570,500,000

Strike  385  has a total call value of 424,602,000,000  versus a total put value of  0 Combined total value = 424,602,000,000

Strike  387.5  has a total call value of 448,832,250,000  versus a total put value of  0 Combined total value = 448,832,250,000

Strike  390  has a total call value of 473,062,500,000  versus a total put value of  0 Combined total value = 473,062,500,000

Strike  392.5  has a total call value of 497,438,250,000  versus a total put value of  0 Combined total value = 497,438,250,000

Strike  395  has a total call value of 521,814,000,000  versus a total put value of  0 Combined total value = 521,814,000,000

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.