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NTPC
NTPC LTD

335.8 4.20 (1.27%)


Strike  257.5  has a total call value of 0  versus a total put value of  111,039,750,000 Combined total value = 111,039,750,000

Strike  260  has a total call value of 3,750,000  versus a total put value of  106,941,000,000 Combined total value = 106,944,750,000

Strike  262.5  has a total call value of 7,500,000  versus a total put value of  102,842,250,000 Combined total value = 102,849,750,000

Strike  265  has a total call value of 11,250,000  versus a total put value of  98,743,500,000 Combined total value = 98,754,750,000

Strike  267.5  has a total call value of 15,000,000  versus a total put value of  94,644,750,000 Combined total value = 94,659,750,000

Strike  270  has a total call value of 18,750,000  versus a total put value of  90,546,000,000 Combined total value = 90,564,750,000

Strike  272.5  has a total call value of 22,500,000  versus a total put value of  86,447,250,000 Combined total value = 86,469,750,000

Strike  275  has a total call value of 26,250,000  versus a total put value of  82,348,500,000 Combined total value = 82,374,750,000

Strike  277.5  has a total call value of 38,250,000  versus a total put value of  78,249,750,000 Combined total value = 78,288,000,000

Strike  280  has a total call value of 50,250,000  versus a total put value of  74,151,000,000 Combined total value = 74,201,250,000

Strike  282.5  has a total call value of 62,250,000  versus a total put value of  70,134,750,000 Combined total value = 70,197,000,000

Strike  285  has a total call value of 74,250,000  versus a total put value of  66,118,500,000 Combined total value = 66,192,750,000

Strike  287.5  has a total call value of 86,250,000  versus a total put value of  62,102,250,000 Combined total value = 62,188,500,000

Strike  290  has a total call value of 98,250,000  versus a total put value of  58,086,000,000 Combined total value = 58,184,250,000

Strike  292.5  has a total call value of 110,250,000  versus a total put value of  54,204,000,000 Combined total value = 54,314,250,000

Strike  295  has a total call value of 122,250,000  versus a total put value of  50,345,250,000 Combined total value = 50,467,500,000

Strike  297.5  has a total call value of 134,250,000  versus a total put value of  46,537,500,000 Combined total value = 46,671,750,000

Strike  300  has a total call value of 146,250,000  versus a total put value of  42,729,750,000 Combined total value = 42,876,000,000

Strike  302.5  has a total call value of 174,000,000  versus a total put value of  39,205,500,000 Combined total value = 39,379,500,000

Strike  305  has a total call value of 201,750,000  versus a total put value of  35,706,000,000 Combined total value = 35,907,750,000

Strike  307.5  has a total call value of 246,750,000  versus a total put value of  32,298,000,000 Combined total value = 32,544,750,000

Strike  310  has a total call value of 297,750,000  versus a total put value of  28,937,250,000 Combined total value = 29,235,000,000

Strike  312.5  has a total call value of 414,750,000  versus a total put value of  25,981,500,000 Combined total value = 26,396,250,000

Strike  315  has a total call value of 683,250,000  versus a total put value of  23,099,250,000 Combined total value = 23,782,500,000

Strike  317.5  has a total call value of 1,372,500,000  versus a total put value of  20,504,250,000 Combined total value = 21,876,750,000

Strike  320  has a total call value of 2,121,750,000  versus a total put value of  17,982,750,000 Combined total value = 20,104,500,000

Strike  322.5  has a total call value of 3,140,250,000  versus a total put value of  15,842,250,000 Combined total value = 18,982,500,000

Strike  325  has a total call value of 4,223,250,000  versus a total put value of  13,872,000,000 Combined total value = 18,095,250,000

Strike  327.5  has a total call value of 5,775,000,000  versus a total put value of  12,168,750,000 Combined total value = 17,943,750,000

Strike  330  has a total call value of 7,428,750,000  versus a total put value of  10,581,750,000 Combined total value = 18,010,500,000

Strike  332.5  has a total call value of 10,237,500,000  versus a total put value of  9,327,750,000 Combined total value = 19,565,250,000

Strike  335  has a total call value of 13,087,500,000  versus a total put value of  8,139,750,000 Combined total value = 21,227,250,000

Strike  337.5  has a total call value of 15,993,000,000  versus a total put value of  7,017,000,000 Combined total value = 23,010,000,000

Strike  340  has a total call value of 18,933,750,000  versus a total put value of  5,906,250,000 Combined total value = 24,840,000,000

Strike  342.5  has a total call value of 22,694,250,000  versus a total put value of  4,953,750,000 Combined total value = 27,648,000,000

Strike  345  has a total call value of 26,488,500,000  versus a total put value of  4,017,750,000 Combined total value = 30,506,250,000

Strike  347.5  has a total call value of 30,569,250,000  versus a total put value of  3,189,000,000 Combined total value = 33,758,250,000

Strike  350  has a total call value of 34,702,500,000  versus a total put value of  2,390,250,000 Combined total value = 37,092,750,000

Strike  352.5  has a total call value of 40,204,500,000  versus a total put value of  1,815,000,000 Combined total value = 42,019,500,000

Strike  355  has a total call value of 45,706,500,000  versus a total put value of  1,296,750,000 Combined total value = 47,003,250,000

Strike  357.5  has a total call value of 51,634,500,000  versus a total put value of  941,250,000 Combined total value = 52,575,750,000

Strike  360  has a total call value of 57,771,000,000  versus a total put value of  646,500,000 Combined total value = 58,417,500,000

Strike  362.5  has a total call value of 65,704,500,000  versus a total put value of  451,500,000 Combined total value = 66,156,000,000

Strike  365  has a total call value of 73,638,000,000  versus a total put value of  256,500,000 Combined total value = 73,894,500,000

Strike  367.5  has a total call value of 84,402,000,000  versus a total put value of  186,750,000 Combined total value = 84,588,750,000

Strike  370  has a total call value of 95,166,000,000  versus a total put value of  117,000,000 Combined total value = 95,283,000,000

Strike  372.5  has a total call value of 107,274,000,000  versus a total put value of  81,000,000 Combined total value = 107,355,000,000

Strike  375  has a total call value of 119,382,000,000  versus a total put value of  45,000,000 Combined total value = 119,427,000,000

Strike  377.5  has a total call value of 131,670,000,000  versus a total put value of  22,500,000 Combined total value = 131,692,500,000

Strike  380  has a total call value of 143,958,000,000  versus a total put value of  0 Combined total value = 143,958,000,000

Strike  382.5  has a total call value of 156,645,750,000  versus a total put value of  0 Combined total value = 156,645,750,000

Strike  385  has a total call value of 169,333,500,000  versus a total put value of  0 Combined total value = 169,333,500,000

Strike  387.5  has a total call value of 182,165,250,000  versus a total put value of  0 Combined total value = 182,165,250,000

Strike  390  has a total call value of 194,997,000,000  versus a total put value of  0 Combined total value = 194,997,000,000

Strike  392.5  has a total call value of 208,162,500,000  versus a total put value of  0 Combined total value = 208,162,500,000

Strike  395  has a total call value of 221,328,000,000  versus a total put value of  0 Combined total value = 221,328,000,000

Strike  397.5  has a total call value of 234,493,500,000  versus a total put value of  0 Combined total value = 234,493,500,000

Strike  400  has a total call value of 247,659,000,000  versus a total put value of  0 Combined total value = 247,659,000,000

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.