BHARTIARTL
BHARTI AIRTEL LIMITED
Max pain for BHARTIARTL
04 Jul 2024 11:33 AM IST
Max Pain for BHARTIARTL is 1440
Strike 1160 has a total call value of 0 versus a total put value of 268,554,550,000 Combined total value = 268,554,550,000
Strike 1170 has a total call value of 0 versus a total put value of 256,402,625,000 Combined total value = 256,402,625,000
Strike 1180 has a total call value of 0 versus a total put value of 244,250,700,000 Combined total value = 244,250,700,000
Strike 1190 has a total call value of 0 versus a total put value of 232,098,775,000 Combined total value = 232,098,775,000
Strike 1200 has a total call value of 0 versus a total put value of 219,946,850,000 Combined total value = 219,946,850,000
Strike 1210 has a total call value of 0 versus a total put value of 208,209,125,000 Combined total value = 208,209,125,000
Strike 1220 has a total call value of 0 versus a total put value of 196,471,400,000 Combined total value = 196,471,400,000
Strike 1230 has a total call value of 0 versus a total put value of 184,733,675,000 Combined total value = 184,733,675,000
Strike 1240 has a total call value of 0 versus a total put value of 172,995,950,000 Combined total value = 172,995,950,000
Strike 1250 has a total call value of 0 versus a total put value of 161,345,150,000 Combined total value = 161,345,150,000
Strike 1260 has a total call value of 0 versus a total put value of 149,904,775,000 Combined total value = 149,904,775,000
Strike 1270 has a total call value of 0 versus a total put value of 138,464,400,000 Combined total value = 138,464,400,000
Strike 1280 has a total call value of 0 versus a total put value of 127,024,025,000 Combined total value = 127,024,025,000
Strike 1290 has a total call value of 0 versus a total put value of 116,020,650,000 Combined total value = 116,020,650,000
Strike 1300 has a total call value of 0 versus a total put value of 105,070,475,000 Combined total value = 105,070,475,000
Strike 1310 has a total call value of 65,550,000 versus a total put value of 95,424,650,000 Combined total value = 95,490,200,000
Strike 1320 has a total call value of 131,100,000 versus a total put value of 85,838,675,000 Combined total value = 85,969,775,000
Strike 1330 has a total call value of 196,650,000 versus a total put value of 76,571,900,000 Combined total value = 76,768,550,000
Strike 1340 has a total call value of 262,200,000 versus a total put value of 67,396,325,000 Combined total value = 67,658,525,000
Strike 1350 has a total call value of 327,750,000 versus a total put value of 58,411,700,000 Combined total value = 58,739,450,000
Strike 1360 has a total call value of 580,925,000 versus a total put value of 50,789,850,000 Combined total value = 51,370,775,000
Strike 1370 has a total call value of 949,050,000 versus a total put value of 43,671,975,000 Combined total value = 44,621,025,000
Strike 1380 has a total call value of 1,330,950,000 versus a total put value of 36,767,375,000 Combined total value = 38,098,325,000
Strike 1390 has a total call value of 1,751,800,000 versus a total put value of 30,281,725,000 Combined total value = 32,033,525,000
Strike 1400 has a total call value of 2,209,225,000 versus a total put value of 23,919,575,000 Combined total value = 26,128,800,000
Strike 1410 has a total call value of 3,151,625,000 versus a total put value of 19,346,275,000 Combined total value = 22,497,900,000
Strike 1420 has a total call value of 4,241,275,000 versus a total put value of 14,963,925,000 Combined total value = 19,205,200,000
Strike 1430 has a total call value of 6,089,975,000 versus a total put value of 11,269,375,000 Combined total value = 17,359,350,000
Strike 1440 has a total call value of 8,505,825,000 versus a total put value of 7,861,725,000 Combined total value = 16,367,550,000
Strike 1450 has a total call value of 12,208,925,000 versus a total put value of 5,086,775,000 Combined total value = 17,295,700,000
Strike 1460 has a total call value of 18,961,525,000 versus a total put value of 3,524,025,000 Combined total value = 22,485,550,000
Strike 1470 has a total call value of 27,419,375,000 versus a total put value of 2,429,625,000 Combined total value = 29,849,000,000
Strike 1480 has a total call value of 37,170,650,000 versus a total put value of 1,510,975,000 Combined total value = 38,681,625,000
Strike 1490 has a total call value of 48,894,600,000 versus a total put value of 818,900,000 Combined total value = 49,713,500,000
Strike 1500 has a total call value of 61,428,900,000 versus a total put value of 201,875,000 Combined total value = 61,630,775,000
Strike 1510 has a total call value of 80,619,850,000 versus a total put value of 161,500,000 Combined total value = 80,781,350,000
Strike 1520 has a total call value of 100,272,975,000 versus a total put value of 121,125,000 Combined total value = 100,394,100,000
Strike 1530 has a total call value of 120,732,175,000 versus a total put value of 80,750,000 Combined total value = 120,812,925,000
Strike 1540 has a total call value of 141,675,400,000 versus a total put value of 40,375,000 Combined total value = 141,715,775,000
Strike 1550 has a total call value of 163,160,600,000 versus a total put value of 0 Combined total value = 163,160,600,000
Strike 1560 has a total call value of 186,466,950,000 versus a total put value of 0 Combined total value = 186,466,950,000
Strike 1570 has a total call value of 210,102,475,000 versus a total put value of 0 Combined total value = 210,102,475,000
Strike 1580 has a total call value of 233,873,375,000 versus a total put value of 0 Combined total value = 233,873,375,000
Strike 1590 has a total call value of 257,992,925,000 versus a total put value of 0 Combined total value = 257,992,925,000
Strike 1600 has a total call value of 282,112,475,000 versus a total put value of 0 Combined total value = 282,112,475,000
Strike 1610 has a total call value of 308,827,900,000 versus a total put value of 0 Combined total value = 308,827,900,000
Strike 1620 has a total call value of 335,543,325,000 versus a total put value of 0 Combined total value = 335,543,325,000
Strike 1630 has a total call value of 362,741,825,000 versus a total put value of 0 Combined total value = 362,741,825,000
Strike 1640 has a total call value of 389,940,325,000 versus a total put value of 0 Combined total value = 389,940,325,000
Strike 1650 has a total call value of 417,883,150,000 versus a total put value of 0 Combined total value = 417,883,150,000
Strike 1660 has a total call value of 445,825,975,000 versus a total put value of 0 Combined total value = 445,825,975,000
Strike 1670 has a total call value of 473,768,800,000 versus a total put value of 0 Combined total value = 473,768,800,000
Strike 1680 has a total call value of 501,711,625,000 versus a total put value of 0 Combined total value = 501,711,625,000
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.