BHARATFORG
BHARAT FORGE LTD
Max pain for BHARATFORG
02 Jul 2024 10:52 AM IST
Max Pain for BHARATFORG is 1690
Strike 1450 has a total call value of 0 versus a total put value of 16,514,000,000 Combined total value = 16,514,000,000
Strike 1460 has a total call value of 0 versus a total put value of 15,616,000,000 Combined total value = 15,616,000,000
Strike 1470 has a total call value of 0 versus a total put value of 14,718,000,000 Combined total value = 14,718,000,000
Strike 1480 has a total call value of 0 versus a total put value of 13,820,000,000 Combined total value = 13,820,000,000
Strike 1490 has a total call value of 0 versus a total put value of 12,922,000,000 Combined total value = 12,922,000,000
Strike 1500 has a total call value of 0 versus a total put value of 12,024,000,000 Combined total value = 12,024,000,000
Strike 1510 has a total call value of 21,000,000 versus a total put value of 11,284,500,000 Combined total value = 11,305,500,000
Strike 1520 has a total call value of 42,000,000 versus a total put value of 10,545,000,000 Combined total value = 10,587,000,000
Strike 1530 has a total call value of 63,000,000 versus a total put value of 9,805,500,000 Combined total value = 9,868,500,000
Strike 1540 has a total call value of 84,000,000 versus a total put value of 9,086,500,000 Combined total value = 9,170,500,000
Strike 1550 has a total call value of 105,000,000 versus a total put value of 8,367,500,000 Combined total value = 8,472,500,000
Strike 1560 has a total call value of 126,000,000 versus a total put value of 7,675,000,000 Combined total value = 7,801,000,000
Strike 1570 has a total call value of 147,500,000 versus a total put value of 7,002,500,000 Combined total value = 7,150,000,000
Strike 1580 has a total call value of 169,000,000 versus a total put value of 6,330,000,000 Combined total value = 6,499,000,000
Strike 1590 has a total call value of 190,500,000 versus a total put value of 5,660,000,000 Combined total value = 5,850,500,000
Strike 1600 has a total call value of 212,000,000 versus a total put value of 4,990,000,000 Combined total value = 5,202,000,000
Strike 1610 has a total call value of 270,500,000 versus a total put value of 4,444,500,000 Combined total value = 4,715,000,000
Strike 1620 has a total call value of 329,000,000 versus a total put value of 3,902,000,000 Combined total value = 4,231,000,000
Strike 1630 has a total call value of 387,500,000 versus a total put value of 3,359,500,000 Combined total value = 3,747,000,000
Strike 1640 has a total call value of 446,000,000 versus a total put value of 2,817,000,000 Combined total value = 3,263,000,000
Strike 1650 has a total call value of 507,500,000 versus a total put value of 2,286,500,000 Combined total value = 2,794,000,000
Strike 1660 has a total call value of 590,500,000 versus a total put value of 1,833,500,000 Combined total value = 2,424,000,000
Strike 1670 has a total call value of 698,500,000 versus a total put value of 1,390,500,000 Combined total value = 2,089,000,000
Strike 1680 has a total call value of 839,500,000 versus a total put value of 966,000,000 Combined total value = 1,805,500,000
Strike 1690 has a total call value of 1,086,500,000 versus a total put value of 591,000,000 Combined total value = 1,677,500,000
Strike 1700 has a total call value of 1,441,000,000 versus a total put value of 243,500,000 Combined total value = 1,684,500,000
Strike 1710 has a total call value of 2,365,000,000 versus a total put value of 204,000,000 Combined total value = 2,569,000,000
Strike 1720 has a total call value of 3,348,500,000 versus a total put value of 164,500,000 Combined total value = 3,513,000,000
Strike 1730 has a total call value of 4,403,500,000 versus a total put value of 125,000,000 Combined total value = 4,528,500,000
Strike 1740 has a total call value of 5,471,500,000 versus a total put value of 85,500,000 Combined total value = 5,557,000,000
Strike 1750 has a total call value of 6,564,000,000 versus a total put value of 46,000,000 Combined total value = 6,610,000,000
Strike 1760 has a total call value of 7,839,500,000 versus a total put value of 37,000,000 Combined total value = 7,876,500,000
Strike 1770 has a total call value of 9,140,500,000 versus a total put value of 28,000,000 Combined total value = 9,168,500,000
Strike 1780 has a total call value of 10,457,500,000 versus a total put value of 19,000,000 Combined total value = 10,476,500,000
Strike 1790 has a total call value of 11,777,000,000 versus a total put value of 10,000,000 Combined total value = 11,787,000,000
Strike 1800 has a total call value of 13,096,500,000 versus a total put value of 1,000,000 Combined total value = 13,097,500,000
Strike 1810 has a total call value of 14,662,500,000 versus a total put value of 500,000 Combined total value = 14,663,000,000
Strike 1820 has a total call value of 16,228,500,000 versus a total put value of 0 Combined total value = 16,228,500,000
Strike 1830 has a total call value of 17,800,000,000 versus a total put value of 0 Combined total value = 17,800,000,000
Strike 1840 has a total call value of 19,371,500,000 versus a total put value of 0 Combined total value = 19,371,500,000
Strike 1850 has a total call value of 20,962,000,000 versus a total put value of 0 Combined total value = 20,962,000,000
Strike 1860 has a total call value of 22,580,000,000 versus a total put value of 0 Combined total value = 22,580,000,000
Strike 1870 has a total call value of 24,198,000,000 versus a total put value of 0 Combined total value = 24,198,000,000
Strike 1880 has a total call value of 25,816,000,000 versus a total put value of 0 Combined total value = 25,816,000,000
Strike 1890 has a total call value of 27,434,000,000 versus a total put value of 0 Combined total value = 27,434,000,000
Strike 1900 has a total call value of 29,052,000,000 versus a total put value of 0 Combined total value = 29,052,000,000
Strike 1910 has a total call value of 30,893,500,000 versus a total put value of 0 Combined total value = 30,893,500,000
Strike 1920 has a total call value of 32,735,000,000 versus a total put value of 0 Combined total value = 32,735,000,000
Strike 1930 has a total call value of 34,576,500,000 versus a total put value of 0 Combined total value = 34,576,500,000
Strike 1940 has a total call value of 36,418,000,000 versus a total put value of 0 Combined total value = 36,418,000,000
Strike 1950 has a total call value of 38,259,500,000 versus a total put value of 0 Combined total value = 38,259,500,000
Strike 1960 has a total call value of 40,101,000,000 versus a total put value of 0 Combined total value = 40,101,000,000
Strike 1980 has a total call value of 43,875,000,000 versus a total put value of 0 Combined total value = 43,875,000,000
Strike 1990 has a total call value of 45,762,000,000 versus a total put value of 0 Combined total value = 45,762,000,000
Strike 2000 has a total call value of 47,649,000,000 versus a total put value of 0 Combined total value = 47,649,000,000
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:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- 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.