BHARTIARTL
Bharti Airtel Limited
Max pain for BHARTIARTL
07 Apr 2025 03:32 PM IST
Max Pain for BHARTIARTL is 1720
Strike 1320 has a total call value of 0 versus a total put value of 211,480,450,000 Combined total value = 211,480,450,000
Strike 1340 has a total call value of 0 versus a total put value of 198,777,050,000 Combined total value = 198,777,050,000
Strike 1360 has a total call value of 0 versus a total put value of 186,073,650,000 Combined total value = 186,073,650,000
Strike 1380 has a total call value of 11,400,000 versus a total put value of 173,426,300,000 Combined total value = 173,437,700,000
Strike 1400 has a total call value of 22,800,000 versus a total put value of 160,778,950,000 Combined total value = 160,801,750,000
Strike 1420 has a total call value of 34,200,000 versus a total put value of 148,369,100,000 Combined total value = 148,403,300,000
Strike 1440 has a total call value of 45,600,000 versus a total put value of 135,981,100,000 Combined total value = 136,026,700,000
Strike 1460 has a total call value of 57,000,000 versus a total put value of 123,625,400,000 Combined total value = 123,682,400,000
Strike 1480 has a total call value of 68,400,000 versus a total put value of 111,302,000,000 Combined total value = 111,370,400,000
Strike 1500 has a total call value of 79,800,000 versus a total put value of 99,092,600,000 Combined total value = 99,172,400,000
Strike 1520 has a total call value of 125,400,000 versus a total put value of 87,771,450,000 Combined total value = 87,896,850,000
Strike 1540 has a total call value of 171,000,000 versus a total put value of 76,590,900,000 Combined total value = 76,761,900,000
Strike 1560 has a total call value of 216,600,000 versus a total put value of 65,717,200,000 Combined total value = 65,933,800,000
Strike 1580 has a total call value of 288,800,000 versus a total put value of 55,281,450,000 Combined total value = 55,570,250,000
Strike 1600 has a total call value of 369,550,000 versus a total put value of 45,377,700,000 Combined total value = 45,747,250,000
Strike 1620 has a total call value of 858,800,000 versus a total put value of 36,831,500,000 Combined total value = 37,690,300,000
Strike 1640 has a total call value of 1,496,250,000 versus a total put value of 29,086,150,000 Combined total value = 30,582,400,000
Strike 1660 has a total call value of 2,473,800,000 versus a total put value of 21,962,100,000 Combined total value = 24,435,900,000
Strike 1680 has a total call value of 3,979,550,000 versus a total put value of 16,126,250,000 Combined total value = 20,105,800,000
Strike 1700 has a total call value of 5,847,250,000 versus a total put value of 11,056,100,000 Combined total value = 16,903,350,000
Strike 1720 has a total call value of 9,015,500,000 versus a total put value of 7,482,200,000 Combined total value = 16,497,700,000
Strike 1740 has a total call value of 13,309,500,000 versus a total put value of 4,728,150,000 Combined total value = 18,037,650,000
Strike 1760 has a total call value of 19,778,050,000 versus a total put value of 2,755,000,000 Combined total value = 22,533,050,000
Strike 1780 has a total call value of 31,578,950,000 versus a total put value of 1,350,900,000 Combined total value = 32,929,850,000
Strike 1800 has a total call value of 50,711,000,000 versus a total put value of 479,750,000 Combined total value = 51,190,750,000
Strike 1820 has a total call value of 77,564,650,000 versus a total put value of 220,400,000 Combined total value = 77,785,050,000
Strike 1840 has a total call value of 105,708,400,000 versus a total put value of 41,800,000 Combined total value = 105,750,200,000
Strike 1860 has a total call value of 135,189,750,000 versus a total put value of 7,600,000 Combined total value = 135,197,350,000
Strike 1880 has a total call value of 165,598,300,000 versus a total put value of 3,800,000 Combined total value = 165,602,100,000
Strike 1900 has a total call value of 196,807,700,000 versus a total put value of 0 Combined total value = 196,807,700,000
Strike 1920 has a total call value of 229,274,900,000 versus a total put value of 0 Combined total value = 229,274,900,000
Strike 1940 has a total call value of 262,725,350,000 versus a total put value of 0 Combined total value = 262,725,350,000
Strike 1960 has a total call value of 296,175,800,000 versus a total put value of 0 Combined total value = 296,175,800,000
Strike 1980 has a total call value of 330,595,250,000 versus a total put value of 0 Combined total value = 330,595,250,000
Strike 2000 has a total call value of 365,014,700,000 versus a total put value of 0 Combined total value = 365,014,700,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 355.1 | 390 |
| ABB | 4963.55 | 5300 |
| ABCAPITAL | 179.34 | 190 |
| ABFRL | 245.2 | 255 |
| ACC | 1929.1 | 1980 |
| ADANIENSOL | 815.05 | 840 |
| ADANIENT | 2212.7 | 2440 |
| ADANIGREEN | 873.3 | 940 |
| ADANIPORTS | 1110.65 | 1180 |
| ALKEM | 4700.5 | 4900 |
| AMBUJACEM | 525.2 | 540 |
| ANGELONE | 2130.45 | 2250 |
| APLAPOLLO | 1440 | 1500 |
| APOLLOHOSP | 6683.3 | 6650 |
| APOLLOTYRE | 397.45 | 420 |
| ASHOKLEY | 197.59 | 207.5 |
| ASIANPAINT | 2341.35 | 2340 |
| ASTRAL | 1287.7 | 1320 |
| ATGL | 569.7 | 600 |
| AUBANK | 541.7 | 550 |
| AUROPHARMA | 1094.05 | 1160 |
| AXISBANK | 1047.95 | 1060 |
| BAJAJ-AUTO | 7306.8 | 7800 |
| BAJAJFINSV | 1852.65 | 1920 |
| BAJFINANCE | 8568 | 8700 |
| BALKRISIND | 2273.2 | 2460 |
| BANDHANBNK | 144.96 | 150 |
| BANKBARODA | 229.36 | 235 |
| BANKINDIA | 105.77 | 110 |
| BEL | 272.1 | 285 |
| BERGEPAINT | 511.95 | 500 |
| BHARATFORG | 951.6 | 1040 |
| BHARTIARTL | 1686.65 | 1720 |
| BHEL | 207.7 | 215 |
| BIOCON | 307.5 | 335 |
| BOSCHLTD | 26588.25 | 27750 |
| BPCL | 273.7 | 280 |
| BRITANNIA | 5055.85 | 5000 |
| BSE | 5182.45 | 5200 |
| BSOFT | 347.1 | 380 |
| CAMS | 3528.85 | 3700 |
| CANBK | 87.1 | 90 |
| CDSL | 1143.8 | 1200 |
| CESC | 149.46 | 152.5 |
| CGPOWER | 540.5 | 580 |
| CHAMBLFERT | 612.8 | 610 |
| CHOLAFIN | 1386.1 | 1460 |
| CIPLA | 1384.7 | 1440 |
| COALINDIA | 377.5 | 400 |
| COFORGE | 6340.7 | 6900 |
| COLPAL | 2388.25 | 2400 |
| CONCOR | 649.25 | 700 |
| CROMPTON | 330.3 | 340 |
| CUMMINSIND | 2711.25 | 3000 |
| CYIENT | 1121.2 | 1200 |
| DABUR | 451.4 | 470 |
| DALBHARAT | 1786.25 | 1800 |
| DEEPAKNTR | 1823.7 | 1900 |
| DELHIVERY | 268.35 | 260 |
| DIVISLAB | 5258.95 | 5600 |
| DIXON | 12556.05 | 13500 |
| DLF | 608.05 | 660 |
| DMART | 4023.15 | 4050 |
| DRREDDY | 1087.9 | 1130 |
| EICHERMOT | 5065.25 | 5300 |
| ESCORTS | 3050.75 | 3200 |
| EXIDEIND | 353.4 | 370 |
| FEDERALBNK | 190.81 | 195 |
| GAIL | 169.03 | 180 |
| GLENMARK | 1442.2 | 1500 |
| GMRAIRPORT | 82.22 | 80 |
| GODREJCP | 1160.1 | 1160 |
| GODREJPROP | 1927.15 | 2050 |
| GOLDM | 88250 | 88000 |
| GRANULES | 436.9 | 490 |
| GRASIM | 2509.1 | 2580 |
| HAL | 4008.2 | 4200 |
| HAVELLS | 1456.1 | 1500 |
| HCLTECH | 1374.1 | 1480 |
| HDFCAMC | 3732.1 | 3900 |
| HDFCBANK | 1757.7 | 1800 |
| HDFCLIFE | 665.95 | 680 |
| HEROMOTOCO | 3526.9 | 3700 |
| HFCL | 74.34 | 80 |
| HINDALCO | 561.8 | 620 |
| HINDCOPPER | 188 | 215 |
| HINDPETRO | 352.8 | 360 |
| HINDUNILVR | 2249.4 | 2260 |
| HINDZINC | 406.75 | 430 |
| HUDCO | 194.89 | 200 |
| ICICIBANK | 1287.55 | 1320 |
| ICICIGI | 1744.4 | 1800 |
| ICICIPRULI | 536.9 | 560 |
| IDEA | 7.36 | 8 |
| IDFCFIRSTB | 56.49 | 58 |
| IEX | 173.8 | 180 |
| IGL | 187.82 | 195 |
| IIFL | 327.15 | 330 |
| INDHOTEL | 751.95 | 800 |
| INDIANB | 539.45 | 550 |
| INDIGO | 4988.7 | 5000 |
| INDUSINDBK | 675.9 | 700 |
| INDUSTOWER | 356 | 355 |
| INFY | 1396.75 | 1500 |
| INOXWIND | 140.88 | 150 |
| IOC | 128.09 | 130 |
| IRB | 43.19 | 45 |
| IRCTC | 697.4 | 720 |
| IREDA | 149.6 | 150 |
| IRFC | 122.42 | 125 |
| ITC | 406.05 | 410 |
| JINDALSTEL | 791.05 | 900 |
| JIOFIN | 213.52 | 230 |
| JSL | 516.65 | 580 |
| JSWENERGY | 488.4 | 520 |
| JSWSTEEL | 930.3 | 990 |
| JUBLFOOD | 669.65 | 680 |
| KALYANKJIL | 486.3 | 490 |
| KEI | 2509.75 | 2700 |
| KOTAKBANK | 2037.85 | 2100 |
| KPITTECH | 1065.3 | 1160 |
| LAURUSLABS | 561.25 | 590 |
| LICHSGFIN | 543.75 | 560 |
| LICI | 767.2 | 800 |
| LODHA | 1106.6 | 1140 |
| LT | 3068.5 | 3350 |
| LTF | 148.57 | 152.5 |
| LTIM | 4057.15 | 4300 |
| LUPIN | 1923.05 | 2000 |
| M&M | 2491.25 | 2700 |
| M&MFIN | 252.7 | 270 |
| MANAPPURAM | 225.6 | 230 |
| MARICO | 662.65 | 650 |
| MARUTI | 11329.75 | 11400 |
| MAXHEALTH | 1075.5 | 1120 |
| MCX | 4989.6 | 5300 |
| MFSL | 1128.45 | 1140 |
| MGL | 1305.25 | 1360 |
| MOTHERSON | 114.38 | 122.5 |
| MPHASIS | 2102.2 | 2220 |
| MRF | 110385.5 | 113000 |
| MUTHOOTFIN | 2254.3 | 2300 |
| NATIONALUM | 144.69 | 170 |
| NAUKRI | 6374.8 | 6700 |
| NBCC | 79.46 | 82.5 |
| NCC | 197.39 | 210 |
| NESTLEIND | 2249 | 2240 |
| NHPC | 82.58 | 84 |
| NMDC | 61.3 | 68 |
| NTPC | 349.8 | 355 |
| NYKAA | 171.3 | 175 |
| OBEROIRLTY | 1483.25 | 1600 |
| OFSS | 7294.15 | 7600 |
| OIL | 343.25 | 370 |
| ONGC | 219.84 | 235 |
| PAGEIND | 41304.45 | 42500 |
| PATANJALI | 1775.45 | 1800 |
| PAYTM | 790.55 | 800 |
| PEL | 954.8 | 960 |
| PERSISTENT | 4573.55 | 4800 |
| PETRONET | 275.85 | 290 |
| PFC | 395.05 | 420 |
| PHOENIXLTD | 1548.3 | 1600 |
| PIDILITIND | 2848.75 | 2860 |
| PIIND | 3242.05 | 3400 |
| PNB | 94.92 | 97 |
| PNBHOUSING | 923.65 | 900 |
| POLICYBZR | 1445.65 | 1540 |
| POLYCAB | 4934.6 | 5000 |
| POONAWALLA | 345.6 | 345 |
| POWERGRID | 289.4 | 295 |
| PRESTIGE | 1060.3 | 1150 |
| RAMCOCEM | 921.15 | 920 |
| RBLBANK | 169.76 | 175 |
| RECLTD | 384.35 | 420 |
| RELIANCE | 1165.7 | 1240 |
| SAIL | 104.63 | 115 |
| SBICARD | 812.05 | 850 |
| SBILIFE | 1460.8 | 1540 |
| SBIN | 746.9 | 780 |
| SHREECEM | 29751.55 | 30500 |
| SHRIRAMFIN | 614 | 640 |
| SIEMENS | 2812.45 | 3000 |
| SILVER | 89629 | 95000 |
| SJVN | 88.91 | 92 |
| SOLARINDS | 10645.25 | 11000 |
| SONACOMS | 406.6 | 440 |
| SRF | 2715.2 | 2860 |
| SUNPHARMA | 1666.35 | 1720 |
| SUPREMEIND | 3112.4 | 3300 |
| SYNGENE | 697.1 | 720 |
| TATACHEM | 800.5 | 850 |
| TATACOMM | 1549.85 | 1600 |
| TATACONSUM | 1047.35 | 1050 |
| TATAELXSI | 4808.3 | 5000 |
| TATAMOTORS | 579.75 | 630 |
| TATAPOWER | 354.85 | 385 |
| TATASTEEL | 129.48 | 145 |
| TATATECH | 608.4 | 650 |
| TCS | 3274.05 | 3450 |
| TECHM | 1288 | 1380 |
| TIINDIA | 2578.95 | 2700 |
| TITAGARH | 748.7 | 780 |
| TITAN | 3022.2 | 3100 |
| TORNTPHARM | 3233.55 | 3250 |
| TORNTPOWER | 1496.7 | 1500 |
| TRENT | 4740.95 | 5100 |
| TVSMOTOR | 2368.15 | 2440 |
| ULTRACEMCO | 11191.6 | 11300 |
| UNIONBANK | 117.93 | 122 |
| UNITDSPR | 1403.8 | 1400 |
| UPL | 614.45 | 640 |
| VBL | 519.6 | 530 |
| VEDL | 374.05 | 420 |
| VOLTAS | 1294.95 | 1360 |
| WIPRO | 242.9 | 255 |
| YESBANK | 16.85 | 17 |
| ZOMATO | 209.63 | 210 |
| ZYDUSLIFE | 837.6 | 880 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
