BHARTIARTL
BHARTI AIRTEL LIMITED
Max pain for BHARTIARTL
02 Jul 2024 10:33 AM IST
Max Pain for BHARTIARTL is 1450
Strike 1160 has a total call value of 0 versus a total put value of 268,084,775,000 Combined total value = 268,084,775,000
Strike 1170 has a total call value of 0 versus a total put value of 256,592,150,000 Combined total value = 256,592,150,000
Strike 1180 has a total call value of 0 versus a total put value of 245,099,525,000 Combined total value = 245,099,525,000
Strike 1190 has a total call value of 0 versus a total put value of 233,606,900,000 Combined total value = 233,606,900,000
Strike 1200 has a total call value of 0 versus a total put value of 222,114,275,000 Combined total value = 222,114,275,000
Strike 1210 has a total call value of 0 versus a total put value of 210,988,825,000 Combined total value = 210,988,825,000
Strike 1220 has a total call value of 0 versus a total put value of 199,863,375,000 Combined total value = 199,863,375,000
Strike 1230 has a total call value of 0 versus a total put value of 188,737,925,000 Combined total value = 188,737,925,000
Strike 1240 has a total call value of 0 versus a total put value of 177,612,475,000 Combined total value = 177,612,475,000
Strike 1250 has a total call value of 0 versus a total put value of 166,526,450,000 Combined total value = 166,526,450,000
Strike 1260 has a total call value of 0 versus a total put value of 155,584,350,000 Combined total value = 155,584,350,000
Strike 1270 has a total call value of 0 versus a total put value of 144,642,250,000 Combined total value = 144,642,250,000
Strike 1280 has a total call value of 0 versus a total put value of 133,700,150,000 Combined total value = 133,700,150,000
Strike 1290 has a total call value of 0 versus a total put value of 122,970,375,000 Combined total value = 122,970,375,000
Strike 1300 has a total call value of 0 versus a total put value of 112,265,775,000 Combined total value = 112,265,775,000
Strike 1310 has a total call value of 63,650,000 versus a total put value of 102,527,800,000 Combined total value = 102,591,450,000
Strike 1320 has a total call value of 127,300,000 versus a total put value of 92,824,975,000 Combined total value = 92,952,275,000
Strike 1330 has a total call value of 190,950,000 versus a total put value of 83,588,600,000 Combined total value = 83,779,550,000
Strike 1340 has a total call value of 254,600,000 versus a total put value of 74,475,250,000 Combined total value = 74,729,850,000
Strike 1350 has a total call value of 318,250,000 versus a total put value of 65,525,775,000 Combined total value = 65,844,025,000
Strike 1360 has a total call value of 545,775,000 versus a total put value of 57,874,475,000 Combined total value = 58,420,250,000
Strike 1370 has a total call value of 773,300,000 versus a total put value of 50,681,550,000 Combined total value = 51,454,850,000
Strike 1380 has a total call value of 1,000,825,000 versus a total put value of 43,645,375,000 Combined total value = 44,646,200,000
Strike 1390 has a total call value of 1,268,725,000 versus a total put value of 36,877,100,000 Combined total value = 38,145,825,000
Strike 1400 has a total call value of 1,567,025,000 versus a total put value of 30,203,350,000 Combined total value = 31,770,375,000
Strike 1410 has a total call value of 2,139,400,000 versus a total put value of 25,156,000,000 Combined total value = 27,295,400,000
Strike 1420 has a total call value of 2,784,450,000 versus a total put value of 20,335,225,000 Combined total value = 23,119,675,000
Strike 1430 has a total call value of 3,570,575,000 versus a total put value of 15,947,650,000 Combined total value = 19,518,225,000
Strike 1440 has a total call value of 4,467,375,000 versus a total put value of 11,818,950,000 Combined total value = 16,286,325,000
Strike 1450 has a total call value of 5,671,500,000 versus a total put value of 8,239,350,000 Combined total value = 13,910,850,000
Strike 1460 has a total call value of 7,948,175,000 versus a total put value of 5,986,900,000 Combined total value = 13,935,075,000
Strike 1470 has a total call value of 11,419,000,000 versus a total put value of 4,300,650,000 Combined total value = 15,719,650,000
Strike 1480 has a total call value of 15,939,575,000 versus a total put value of 2,862,825,000 Combined total value = 18,802,400,000
Strike 1490 has a total call value of 21,878,500,000 versus a total put value of 1,931,825,000 Combined total value = 23,810,325,000
Strike 1500 has a total call value of 28,500,950,000 versus a total put value of 1,108,175,000 Combined total value = 29,609,125,000
Strike 1510 has a total call value of 41,437,575,000 versus a total put value of 907,250,000 Combined total value = 42,344,825,000
Strike 1520 has a total call value of 54,762,275,000 versus a total put value of 769,975,000 Combined total value = 55,532,250,000
Strike 1530 has a total call value of 68,833,200,000 versus a total put value of 632,700,000 Combined total value = 69,465,900,000
Strike 1540 has a total call value of 83,301,700,000 versus a total put value of 495,425,000 Combined total value = 83,797,125,000
Strike 1550 has a total call value of 98,289,375,000 versus a total put value of 380,000,000 Combined total value = 98,669,375,000
Strike 1560 has a total call value of 115,007,000,000 versus a total put value of 304,000,000 Combined total value = 115,311,000,000
Strike 1570 has a total call value of 132,125,050,000 versus a total put value of 228,000,000 Combined total value = 132,353,050,000
Strike 1580 has a total call value of 149,399,375,000 versus a total put value of 152,000,000 Combined total value = 149,551,375,000
Strike 1590 has a total call value of 167,051,800,000 versus a total put value of 76,000,000 Combined total value = 167,127,800,000
Strike 1600 has a total call value of 184,704,225,000 versus a total put value of 0 Combined total value = 184,704,225,000
Strike 1610 has a total call value of 204,437,150,000 versus a total put value of 0 Combined total value = 204,437,150,000
Strike 1620 has a total call value of 224,170,075,000 versus a total put value of 0 Combined total value = 224,170,075,000
Strike 1630 has a total call value of 244,267,325,000 versus a total put value of 0 Combined total value = 244,267,325,000
Strike 1640 has a total call value of 264,364,575,000 versus a total put value of 0 Combined total value = 264,364,575,000
Strike 1650 has a total call value of 285,181,450,000 versus a total put value of 0 Combined total value = 285,181,450,000
Strike 1660 has a total call value of 305,998,325,000 versus a total put value of 0 Combined total value = 305,998,325,000
Strike 1670 has a total call value of 326,815,200,000 versus a total put value of 0 Combined total value = 326,815,200,000
Strike 1680 has a total call value of 347,632,075,000 versus a total put value of 0 Combined total value = 347,632,075,000
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.