BHARTIARTL
BHARTI AIRTEL LIMITED
Max pain for BHARTIARTL
24 Apr 2024 04:15 PM IST
Max Pain for BHARTIARTL is 1240
Strike 1000 has a total call value of 0 versus a total put value of 407,515,800,000 Combined total value = 407,515,800,000
Strike 1010 has a total call value of 0 versus a total put value of 391,144,450,000 Combined total value = 391,144,450,000
Strike 1020 has a total call value of 0 versus a total put value of 374,773,100,000 Combined total value = 374,773,100,000
Strike 1030 has a total call value of 0 versus a total put value of 358,401,750,000 Combined total value = 358,401,750,000
Strike 1040 has a total call value of 2,850,000 versus a total put value of 342,030,400,000 Combined total value = 342,033,250,000
Strike 1050 has a total call value of 5,700,000 versus a total put value of 325,659,050,000 Combined total value = 325,664,750,000
Strike 1060 has a total call value of 16,150,000 versus a total put value of 309,390,300,000 Combined total value = 309,406,450,000
Strike 1070 has a total call value of 26,600,000 versus a total put value of 293,121,550,000 Combined total value = 293,148,150,000
Strike 1080 has a total call value of 37,050,000 versus a total put value of 276,852,800,000 Combined total value = 276,889,850,000
Strike 1090 has a total call value of 47,500,000 versus a total put value of 260,584,050,000 Combined total value = 260,631,550,000
Strike 1100 has a total call value of 57,950,000 versus a total put value of 244,325,750,000 Combined total value = 244,383,700,000
Strike 1110 has a total call value of 608,000,000 versus a total put value of 228,067,450,000 Combined total value = 228,675,450,000
Strike 1120 has a total call value of 1,158,050,000 versus a total put value of 211,837,650,000 Combined total value = 212,995,700,000
Strike 1130 has a total call value of 1,708,100,000 versus a total put value of 195,669,600,000 Combined total value = 197,377,700,000
Strike 1140 has a total call value of 2,258,150,000 versus a total put value of 179,556,650,000 Combined total value = 181,814,800,000
Strike 1150 has a total call value of 2,815,800,000 versus a total put value of 163,559,600,000 Combined total value = 166,375,400,000
Strike 1160 has a total call value of 3,479,850,000 versus a total put value of 147,990,050,000 Combined total value = 151,469,900,000
Strike 1170 has a total call value of 4,167,650,000 versus a total put value of 132,518,350,000 Combined total value = 136,686,000,000
Strike 1180 has a total call value of 4,855,450,000 versus a total put value of 117,164,450,000 Combined total value = 122,019,900,000
Strike 1190 has a total call value of 5,625,900,000 versus a total put value of 102,100,300,000 Combined total value = 107,726,200,000
Strike 1200 has a total call value of 6,554,050,000 versus a total put value of 87,434,200,000 Combined total value = 93,988,250,000
Strike 1210 has a total call value of 11,309,750,000 versus a total put value of 74,981,600,000 Combined total value = 86,291,350,000
Strike 1220 has a total call value of 16,552,800,000 versus a total put value of 62,985,000,000 Combined total value = 79,537,800,000
Strike 1230 has a total call value of 22,656,550,000 versus a total put value of 52,151,200,000 Combined total value = 74,807,750,000
Strike 1240 has a total call value of 30,152,050,000 versus a total put value of 42,172,400,000 Combined total value = 72,324,450,000
Strike 1250 has a total call value of 40,669,500,000 versus a total put value of 33,620,500,000 Combined total value = 74,290,000,000
Strike 1260 has a total call value of 52,241,450,000 versus a total put value of 26,416,650,000 Combined total value = 78,658,100,000
Strike 1270 has a total call value of 64,600,950,000 versus a total put value of 20,066,850,000 Combined total value = 84,667,800,000
Strike 1280 has a total call value of 77,742,300,000 versus a total put value of 14,610,050,000 Combined total value = 92,352,350,000
Strike 1290 has a total call value of 91,626,550,000 versus a total put value of 10,105,150,000 Combined total value = 101,731,700,000
Strike 1300 has a total call value of 105,961,100,000 versus a total put value of 6,169,300,000 Combined total value = 112,130,400,000
Strike 1310 has a total call value of 122,816,000,000 versus a total put value of 4,040,350,000 Combined total value = 126,856,350,000
Strike 1320 has a total call value of 139,934,050,000 versus a total put value of 2,308,500,000 Combined total value = 142,242,550,000
Strike 1330 has a total call value of 157,648,700,000 versus a total put value of 1,197,950,000 Combined total value = 158,846,650,000
Strike 1340 has a total call value of 175,704,400,000 versus a total put value of 513,950,000 Combined total value = 176,218,350,000
Strike 1350 has a total call value of 194,667,350,000 versus a total put value of 183,350,000 Combined total value = 194,850,700,000
Strike 1360 has a total call value of 214,951,750,000 versus a total put value of 61,750,000 Combined total value = 215,013,500,000
Strike 1370 has a total call value of 235,980,000,000 versus a total put value of 5,700,000 Combined total value = 235,985,700,000
Strike 1380 has a total call value of 257,323,650,000 versus a total put value of 950,000 Combined total value = 257,324,600,000
Strike 1390 has a total call value of 279,033,050,000 versus a total put value of 0 Combined total value = 279,033,050,000
Strike 1400 has a total call value of 300,958,100,000 versus a total put value of 0 Combined total value = 300,958,100,000
Strike 1410 has a total call value of 323,793,250,000 versus a total put value of 0 Combined total value = 323,793,250,000
Strike 1420 has a total call value of 346,870,650,000 versus a total put value of 0 Combined total value = 346,870,650,000
Strike 1430 has a total call value of 370,200,750,000 versus a total put value of 0 Combined total value = 370,200,750,000
Strike 1440 has a total call value of 393,595,450,000 versus a total put value of 0 Combined total value = 393,595,450,000
Strike 1450 has a total call value of 417,050,950,000 versus a total put value of 0 Combined total value = 417,050,950,000
Strike 1460 has a total call value of 440,636,600,000 versus a total put value of 0 Combined total value = 440,636,600,000
Strike 1470 has a total call value of 464,360,000,000 versus a total put value of 0 Combined total value = 464,360,000,000
Strike 1480 has a total call value of 488,083,400,000 versus a total put value of 0 Combined total value = 488,083,400,000
Strike 1490 has a total call value of 511,806,800,000 versus a total put value of 0 Combined total value = 511,806,800,000
Strike 1500 has a total call value of 535,530,200,000 versus a total put value of 0 Combined total value = 535,530,200,000
Strike 1510 has a total call value of 559,263,100,000 versus a total put value of 0 Combined total value = 559,263,100,000
Strike 1520 has a total call value of 582,996,000,000 versus a total put value of 0 Combined total value = 582,996,000,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.