BHARTIARTL
Bharti Airtel Limited
Max pain for BHARTIARTL
29 Oct 2024 04:12 PM IST
Max Pain for BHARTIARTL is 1660
Strike 1360 has a total call value of 0 versus a total put value of 158,438,150,000 Combined total value = 158,438,150,000
Strike 1380 has a total call value of 0 versus a total put value of 146,643,900,000 Combined total value = 146,643,900,000
Strike 1400 has a total call value of 0 versus a total put value of 134,849,650,000 Combined total value = 134,849,650,000
Strike 1420 has a total call value of 11,400,000 versus a total put value of 123,294,800,000 Combined total value = 123,306,200,000
Strike 1440 has a total call value of 22,800,000 versus a total put value of 111,739,950,000 Combined total value = 111,762,750,000
Strike 1460 has a total call value of 34,200,000 versus a total put value of 100,244,950,000 Combined total value = 100,279,150,000
Strike 1480 has a total call value of 45,600,000 versus a total put value of 88,884,850,000 Combined total value = 88,930,450,000
Strike 1500 has a total call value of 57,000,000 versus a total put value of 77,668,200,000 Combined total value = 77,725,200,000
Strike 1520 has a total call value of 180,500,000 versus a total put value of 66,995,900,000 Combined total value = 67,176,400,000
Strike 1540 has a total call value of 304,000,000 versus a total put value of 56,436,650,000 Combined total value = 56,740,650,000
Strike 1560 has a total call value of 442,700,000 versus a total put value of 46,192,800,000 Combined total value = 46,635,500,000
Strike 1580 has a total call value of 623,200,000 versus a total put value of 36,302,350,000 Combined total value = 36,925,550,000
Strike 1600 has a total call value of 885,400,000 versus a total put value of 27,132,000,000 Combined total value = 28,017,400,000
Strike 1620 has a total call value of 1,396,500,000 versus a total put value of 20,217,900,000 Combined total value = 21,614,400,000
Strike 1640 has a total call value of 2,624,850,000 versus a total put value of 14,833,300,000 Combined total value = 17,458,150,000
Strike 1660 has a total call value of 5,882,400,000 versus a total put value of 10,347,400,000 Combined total value = 16,229,800,000
Strike 1680 has a total call value of 11,786,650,000 versus a total put value of 7,394,800,000 Combined total value = 19,181,450,000
Strike 1700 has a total call value of 20,403,150,000 versus a total put value of 4,895,350,000 Combined total value = 25,298,500,000
Strike 1720 has a total call value of 34,202,850,000 versus a total put value of 3,129,300,000 Combined total value = 37,332,150,000
Strike 1740 has a total call value of 50,939,000,000 versus a total put value of 1,826,850,000 Combined total value = 52,765,850,000
Strike 1760 has a total call value of 71,786,750,000 versus a total put value of 1,033,600,000 Combined total value = 72,820,350,000
Strike 1780 has a total call value of 94,431,900,000 versus a total put value of 517,750,000 Combined total value = 94,949,650,000
Strike 1800 has a total call value of 119,311,450,000 versus a total put value of 185,250,000 Combined total value = 119,496,700,000
Strike 1820 has a total call value of 147,266,150,000 versus a total put value of 0 Combined total value = 147,266,150,000
Strike 1840 has a total call value of 175,934,300,000 versus a total put value of 0 Combined total value = 175,934,300,000
Strike 1860 has a total call value of 205,016,650,000 versus a total put value of 0 Combined total value = 205,016,650,000
Strike 1880 has a total call value of 234,521,750,000 versus a total put value of 0 Combined total value = 234,521,750,000
Strike 1900 has a total call value of 264,314,700,000 versus a total put value of 0 Combined total value = 264,314,700,000
Strike 1920 has a total call value of 294,511,400,000 versus a total put value of 0 Combined total value = 294,511,400,000
Strike 1940 has a total call value of 324,894,300,000 versus a total put value of 0 Combined total value = 324,894,300,000
Strike 1960 has a total call value of 355,397,850,000 versus a total put value of 0 Combined total value = 355,397,850,000
Strike 1980 has a total call value of 386,283,300,000 versus a total put value of 0 Combined total value = 386,283,300,000
Strike 2000 has a total call value of 417,168,750,000 versus a total put value of 0 Combined total value = 417,168,750,000
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.