BHARTIARTL
BHARTI AIRTEL LIMITED
Max pain for BHARTIARTL
19 Mar 2024 12:02 PM IST
Max Pain for BHARTIARTL is 1210
Strike 890 has a total call value of 0 versus a total put value of 420,516,550,000 Combined total value = 420,516,550,000
Strike 900 has a total call value of 0 versus a total put value of 405,117,050,000 Combined total value = 405,117,050,000
Strike 910 has a total call value of 0 versus a total put value of 389,717,550,000 Combined total value = 389,717,550,000
Strike 920 has a total call value of 0 versus a total put value of 374,318,050,000 Combined total value = 374,318,050,000
Strike 930 has a total call value of 0 versus a total put value of 358,918,550,000 Combined total value = 358,918,550,000
Strike 940 has a total call value of 0 versus a total put value of 343,519,050,000 Combined total value = 343,519,050,000
Strike 950 has a total call value of 0 versus a total put value of 328,119,550,000 Combined total value = 328,119,550,000
Strike 960 has a total call value of 0 versus a total put value of 312,720,050,000 Combined total value = 312,720,050,000
Strike 970 has a total call value of 0 versus a total put value of 297,320,550,000 Combined total value = 297,320,550,000
Strike 980 has a total call value of 0 versus a total put value of 281,921,050,000 Combined total value = 281,921,050,000
Strike 990 has a total call value of 0 versus a total put value of 266,521,550,000 Combined total value = 266,521,550,000
Strike 1000 has a total call value of 0 versus a total put value of 251,122,050,000 Combined total value = 251,122,050,000
Strike 1010 has a total call value of 57,000,000 versus a total put value of 236,303,950,000 Combined total value = 236,360,950,000
Strike 1020 has a total call value of 114,000,000 versus a total put value of 221,485,850,000 Combined total value = 221,599,850,000
Strike 1030 has a total call value of 171,000,000 versus a total put value of 206,681,050,000 Combined total value = 206,852,050,000
Strike 1040 has a total call value of 228,000,000 versus a total put value of 191,876,250,000 Combined total value = 192,104,250,000
Strike 1050 has a total call value of 285,000,000 versus a total put value of 177,071,450,000 Combined total value = 177,356,450,000
Strike 1060 has a total call value of 391,400,000 versus a total put value of 162,548,800,000 Combined total value = 162,940,200,000
Strike 1070 has a total call value of 497,800,000 versus a total put value of 148,084,100,000 Combined total value = 148,581,900,000
Strike 1080 has a total call value of 604,200,000 versus a total put value of 133,753,350,000 Combined total value = 134,357,550,000
Strike 1090 has a total call value of 710,600,000 versus a total put value of 119,690,500,000 Combined total value = 120,401,100,000
Strike 1100 has a total call value of 817,000,000 versus a total put value of 105,697,950,000 Combined total value = 106,514,950,000
Strike 1110 has a total call value of 1,102,000,000 versus a total put value of 94,072,800,000 Combined total value = 95,174,800,000
Strike 1120 has a total call value of 1,387,000,000 versus a total put value of 82,654,750,000 Combined total value = 84,041,750,000
Strike 1130 has a total call value of 1,732,800,000 versus a total put value of 71,693,650,000 Combined total value = 73,426,450,000
Strike 1140 has a total call value of 2,186,900,000 versus a total put value of 60,968,150,000 Combined total value = 63,155,050,000
Strike 1150 has a total call value of 2,804,400,000 versus a total put value of 50,674,900,000 Combined total value = 53,479,300,000
Strike 1160 has a total call value of 3,588,150,000 versus a total put value of 41,388,650,000 Combined total value = 44,976,800,000
Strike 1170 has a total call value of 4,522,950,000 versus a total put value of 32,606,850,000 Combined total value = 37,129,800,000
Strike 1180 has a total call value of 5,681,000,000 versus a total put value of 24,523,300,000 Combined total value = 30,204,300,000
Strike 1190 has a total call value of 7,242,800,000 versus a total put value of 17,300,450,000 Combined total value = 24,543,250,000
Strike 1200 has a total call value of 9,132,350,000 versus a total put value of 10,877,500,000 Combined total value = 20,009,850,000
Strike 1210 has a total call value of 12,993,150,000 versus a total put value of 6,503,700,000 Combined total value = 19,496,850,000
Strike 1220 has a total call value of 17,597,800,000 versus a total put value of 3,010,550,000 Combined total value = 20,608,350,000
Strike 1230 has a total call value of 29,745,450,000 versus a total put value of 1,381,300,000 Combined total value = 31,126,750,000
Strike 1240 has a total call value of 44,095,200,000 versus a total put value of 570,000,000 Combined total value = 44,665,200,000
Strike 1250 has a total call value of 60,471,300,000 versus a total put value of 150,100,000 Combined total value = 60,621,400,000
Strike 1260 has a total call value of 78,577,350,000 versus a total put value of 33,250,000 Combined total value = 78,610,600,000
Strike 1270 has a total call value of 97,395,900,000 versus a total put value of 16,150,000 Combined total value = 97,412,050,000
Strike 1280 has a total call value of 116,771,150,000 versus a total put value of 9,500,000 Combined total value = 116,780,650,000
Strike 1290 has a total call value of 136,794,300,000 versus a total put value of 2,850,000 Combined total value = 136,797,150,000
Strike 1300 has a total call value of 157,031,200,000 versus a total put value of 0 Combined total value = 157,031,200,000
Strike 1310 has a total call value of 178,472,700,000 versus a total put value of 0 Combined total value = 178,472,700,000
Strike 1320 has a total call value of 200,029,150,000 versus a total put value of 0 Combined total value = 200,029,150,000
Strike 1330 has a total call value of 221,783,200,000 versus a total put value of 0 Combined total value = 221,783,200,000
Strike 1340 has a total call value of 243,568,600,000 versus a total put value of 0 Combined total value = 243,568,600,000
Strike 1350 has a total call value of 265,845,150,000 versus a total put value of 0 Combined total value = 265,845,150,000
Strike 1360 has a total call value of 288,121,700,000 versus a total put value of 0 Combined total value = 288,121,700,000
Strike 1370 has a total call value of 310,773,500,000 versus a total put value of 0 Combined total value = 310,773,500,000
Strike 1380 has a total call value of 333,425,300,000 versus a total put value of 0 Combined total value = 333,425,300,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.