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RECLTD
REC LIMITED

451 5.40 (1.21%)


Strike  360  has a total call value of 0  versus a total put value of  72,182,000,000 Combined total value = 72,182,000,000

Strike  370  has a total call value of 118,000,000  versus a total put value of  62,928,000,000 Combined total value = 63,046,000,000

Strike  380  has a total call value of 236,000,000  versus a total put value of  53,674,000,000 Combined total value = 53,910,000,000

Strike  390  has a total call value of 386,000,000  versus a total put value of  44,738,000,000 Combined total value = 45,124,000,000

Strike  400  has a total call value of 538,000,000  versus a total put value of  36,158,000,000 Combined total value = 36,696,000,000

Strike  410  has a total call value of 1,020,000,000  versus a total put value of  29,368,000,000 Combined total value = 30,388,000,000

Strike  420  has a total call value of 1,544,000,000  versus a total put value of  23,074,000,000 Combined total value = 24,618,000,000

Strike  430  has a total call value of 2,512,000,000  versus a total put value of  17,498,000,000 Combined total value = 20,010,000,000

Strike  440  has a total call value of 3,864,000,000  versus a total put value of  12,606,000,000 Combined total value = 16,470,000,000

Strike  450  has a total call value of 5,516,000,000  versus a total put value of  8,510,000,000 Combined total value = 14,026,000,000

Strike  460  has a total call value of 8,854,000,000  versus a total put value of  5,622,000,000 Combined total value = 14,476,000,000

Strike  470  has a total call value of 14,160,000,000  versus a total put value of  3,666,000,000 Combined total value = 17,826,000,000

Strike  480  has a total call value of 20,434,000,000  versus a total put value of  2,108,000,000 Combined total value = 22,542,000,000

Strike  490  has a total call value of 28,378,000,000  versus a total put value of  1,124,000,000 Combined total value = 29,502,000,000

Strike  500  has a total call value of 37,096,000,000  versus a total put value of  544,000,000 Combined total value = 37,640,000,000

Strike  510  has a total call value of 48,086,000,000  versus a total put value of  348,000,000 Combined total value = 48,434,000,000

Strike  520  has a total call value of 59,398,000,000  versus a total put value of  212,000,000 Combined total value = 59,610,000,000

Strike  530  has a total call value of 71,360,000,000  versus a total put value of  106,000,000 Combined total value = 71,466,000,000

Strike  540  has a total call value of 83,322,000,000  versus a total put value of  0 Combined total value = 83,322,000,000

Strike  550  has a total call value of 95,836,000,000  versus a total put value of  0 Combined total value = 95,836,000,000

Strike  560  has a total call value of 108,350,000,000  versus a total put value of  0 Combined total value = 108,350,000,000

Strike  570  has a total call value of 120,864,000,000  versus a total put value of  0 Combined total value = 120,864,000,000

Strike  580  has a total call value of 133,378,000,000  versus a total put value of  0 Combined total value = 133,378,000,000

Strike  590  has a total call value of 145,892,000,000  versus a total put value of  0 Combined total value = 145,892,000,000

Strike  600  has a total call value of 158,406,000,000  versus a total put value of  0 Combined total value = 158,406,000,000

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.