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RECLTD
REC LIMITED

459.5 -4.45 (-0.96%)


Strike  310  has a total call value of 0  versus a total put value of  266,543,000,000 Combined total value = 266,543,000,000

Strike  312.5  has a total call value of 24,500,000  versus a total put value of  261,702,500,000 Combined total value = 261,727,000,000

Strike  315  has a total call value of 49,000,000  versus a total put value of  256,862,000,000 Combined total value = 256,911,000,000

Strike  317.5  has a total call value of 73,500,000  versus a total put value of  252,021,500,000 Combined total value = 252,095,000,000

Strike  320  has a total call value of 98,000,000  versus a total put value of  247,181,000,000 Combined total value = 247,279,000,000

Strike  322.5  has a total call value of 122,500,000  versus a total put value of  242,340,500,000 Combined total value = 242,463,000,000

Strike  325  has a total call value of 147,000,000  versus a total put value of  237,500,000,000 Combined total value = 237,647,000,000

Strike  327.5  has a total call value of 171,500,000  versus a total put value of  232,659,500,000 Combined total value = 232,831,000,000

Strike  330  has a total call value of 196,000,000  versus a total put value of  227,819,000,000 Combined total value = 228,015,000,000

Strike  332.5  has a total call value of 220,500,000  versus a total put value of  222,986,000,000 Combined total value = 223,206,500,000

Strike  335  has a total call value of 245,000,000  versus a total put value of  218,153,000,000 Combined total value = 218,398,000,000

Strike  337.5  has a total call value of 269,500,000  versus a total put value of  213,320,000,000 Combined total value = 213,589,500,000

Strike  340  has a total call value of 294,000,000  versus a total put value of  208,487,000,000 Combined total value = 208,781,000,000

Strike  342.5  has a total call value of 318,500,000  versus a total put value of  203,657,500,000 Combined total value = 203,976,000,000

Strike  345  has a total call value of 343,000,000  versus a total put value of  198,828,000,000 Combined total value = 199,171,000,000

Strike  347.5  has a total call value of 367,500,000  versus a total put value of  193,998,500,000 Combined total value = 194,366,000,000

Strike  350  has a total call value of 392,000,000  versus a total put value of  189,169,000,000 Combined total value = 189,561,000,000

Strike  352.5  has a total call value of 448,500,000  versus a total put value of  184,401,000,000 Combined total value = 184,849,500,000

Strike  355  has a total call value of 505,000,000  versus a total put value of  179,633,000,000 Combined total value = 180,138,000,000

Strike  357.5  has a total call value of 561,500,000  versus a total put value of  174,865,000,000 Combined total value = 175,426,500,000

Strike  360  has a total call value of 618,000,000  versus a total put value of  170,097,000,000 Combined total value = 170,715,000,000

Strike  362.5  has a total call value of 674,500,000  versus a total put value of  165,353,500,000 Combined total value = 166,028,000,000

Strike  365  has a total call value of 731,000,000  versus a total put value of  160,610,000,000 Combined total value = 161,341,000,000

Strike  367.5  has a total call value of 787,500,000  versus a total put value of  155,866,500,000 Combined total value = 156,654,000,000

Strike  370  has a total call value of 844,000,000  versus a total put value of  151,123,000,000 Combined total value = 151,967,000,000

Strike  372.5  has a total call value of 900,500,000  versus a total put value of  146,413,000,000 Combined total value = 147,313,500,000

Strike  375  has a total call value of 957,000,000  versus a total put value of  141,703,000,000 Combined total value = 142,660,000,000

Strike  377.5  has a total call value of 1,013,500,000  versus a total put value of  136,993,000,000 Combined total value = 138,006,500,000

Strike  380  has a total call value of 1,070,000,000  versus a total put value of  132,283,000,000 Combined total value = 133,353,000,000

Strike  382.5  has a total call value of 1,126,500,000  versus a total put value of  127,648,500,000 Combined total value = 128,775,000,000

Strike  385  has a total call value of 1,183,000,000  versus a total put value of  123,014,000,000 Combined total value = 124,197,000,000

Strike  387.5  has a total call value of 1,239,500,000  versus a total put value of  118,390,500,000 Combined total value = 119,630,000,000

Strike  390  has a total call value of 1,296,000,000  versus a total put value of  113,767,000,000 Combined total value = 115,063,000,000

Strike  392.5  has a total call value of 1,352,500,000  versus a total put value of  109,244,500,000 Combined total value = 110,597,000,000

Strike  395  has a total call value of 1,409,000,000  versus a total put value of  104,727,500,000 Combined total value = 106,136,500,000

Strike  397.5  has a total call value of 1,465,500,000  versus a total put value of  100,222,500,000 Combined total value = 101,688,000,000

Strike  400  has a total call value of 1,522,000,000  versus a total put value of  95,736,500,000 Combined total value = 97,258,500,000

Strike  402.5  has a total call value of 1,654,000,000  versus a total put value of  91,637,000,000 Combined total value = 93,291,000,000

Strike  405  has a total call value of 1,786,000,000  versus a total put value of  87,537,500,000 Combined total value = 89,323,500,000

Strike  407.5  has a total call value of 1,918,000,000  versus a total put value of  83,464,500,000 Combined total value = 85,382,500,000

Strike  410  has a total call value of 2,050,000,000  versus a total put value of  79,391,500,000 Combined total value = 81,441,500,000

Strike  412.5  has a total call value of 2,200,500,000  versus a total put value of  75,389,500,000 Combined total value = 77,590,000,000

Strike  415  has a total call value of 2,351,000,000  versus a total put value of  71,387,500,000 Combined total value = 73,738,500,000

Strike  417.5  has a total call value of 2,501,500,000  versus a total put value of  67,404,500,000 Combined total value = 69,906,000,000

Strike  420  has a total call value of 2,652,000,000  versus a total put value of  63,436,500,000 Combined total value = 66,088,500,000

Strike  422.5  has a total call value of 2,837,000,000  versus a total put value of  59,616,500,000 Combined total value = 62,453,500,000

Strike  425  has a total call value of 3,022,000,000  versus a total put value of  55,804,500,000 Combined total value = 58,826,500,000

Strike  427.5  has a total call value of 3,207,000,000  versus a total put value of  52,027,500,000 Combined total value = 55,234,500,000

Strike  430  has a total call value of 3,392,000,000  versus a total put value of  48,265,500,000 Combined total value = 51,657,500,000

Strike  432.5  has a total call value of 3,612,000,000  versus a total put value of  44,720,500,000 Combined total value = 48,332,500,000

Strike  435  has a total call value of 3,832,000,000  versus a total put value of  41,198,000,000 Combined total value = 45,030,000,000

Strike  437.5  has a total call value of 4,052,000,000  versus a total put value of  37,727,000,000 Combined total value = 41,779,000,000

Strike  440  has a total call value of 4,279,000,000  versus a total put value of  34,284,500,000 Combined total value = 38,563,500,000

Strike  442.5  has a total call value of 4,623,500,000  versus a total put value of  31,461,500,000 Combined total value = 36,085,000,000

Strike  445  has a total call value of 4,980,000,000  versus a total put value of  28,679,500,000 Combined total value = 33,659,500,000

Strike  447.5  has a total call value of 5,361,000,000  versus a total put value of  25,991,500,000 Combined total value = 31,352,500,000

Strike  450  has a total call value of 5,752,000,000  versus a total put value of  23,317,000,000 Combined total value = 29,069,000,000

Strike  452.5  has a total call value of 6,345,000,000  versus a total put value of  21,385,000,000 Combined total value = 27,730,000,000

Strike  455  has a total call value of 6,951,000,000  versus a total put value of  19,489,000,000 Combined total value = 26,440,000,000

Strike  457.5  has a total call value of 7,604,500,000  versus a total put value of  17,699,500,000 Combined total value = 25,304,000,000

Strike  460  has a total call value of 8,282,000,000  versus a total put value of  15,968,000,000 Combined total value = 24,250,000,000

Strike  462.5  has a total call value of 9,444,000,000  versus a total put value of  14,641,000,000 Combined total value = 24,085,000,000

Strike  465  has a total call value of 10,650,500,000  versus a total put value of  13,335,000,000 Combined total value = 23,985,500,000

Strike  467.5  has a total call value of 12,060,000,000  versus a total put value of  12,155,500,000 Combined total value = 24,215,500,000

Strike  470  has a total call value of 13,520,500,000  versus a total put value of  11,011,000,000 Combined total value = 24,531,500,000

Strike  472.5  has a total call value of 15,726,500,000  versus a total put value of  10,060,500,000 Combined total value = 25,787,000,000

Strike  475  has a total call value of 17,988,000,000  versus a total put value of  9,128,500,000 Combined total value = 27,116,500,000

Strike  477.5  has a total call value of 20,498,000,000  versus a total put value of  8,289,000,000 Combined total value = 28,787,000,000

Strike  480  has a total call value of 23,066,500,000  versus a total put value of  7,462,500,000 Combined total value = 30,529,000,000

Strike  482.5  has a total call value of 26,276,000,000  versus a total put value of  6,783,500,000 Combined total value = 33,059,500,000

Strike  485  has a total call value of 29,551,000,000  versus a total put value of  6,114,000,000 Combined total value = 35,665,000,000

Strike  487.5  has a total call value of 33,011,500,000  versus a total put value of  5,485,000,000 Combined total value = 38,496,500,000

Strike  490  has a total call value of 36,526,500,000  versus a total put value of  4,872,000,000 Combined total value = 41,398,500,000

Strike  500  has a total call value of 52,636,500,000  versus a total put value of  2,872,000,000 Combined total value = 55,508,500,000

Strike  510  has a total call value of 73,838,500,000  versus a total put value of  1,760,000,000 Combined total value = 75,598,500,000

Strike  520  has a total call value of 97,968,500,000  versus a total put value of  1,032,000,000 Combined total value = 99,000,500,000

Strike  530  has a total call value of 126,110,500,000  versus a total put value of  720,000,000 Combined total value = 126,830,500,000

Strike  540  has a total call value of 156,702,500,000  versus a total put value of  408,000,000 Combined total value = 157,110,500,000

Strike  550  has a total call value of 188,770,500,000  versus a total put value of  204,000,000 Combined total value = 188,974,500,000

Strike  560  has a total call value of 222,776,500,000  versus a total put value of  0 Combined total value = 222,776,500,000

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.