BHARTIARTL
BHARTI AIRTEL LIMITED
Max pain for BHARTIARTL
18 Apr 2024 04:11 PM IST
Max Pain for BHARTIARTL is 1220
Strike 1000 has a total call value of 0 versus a total put value of 306,221,100,000 Combined total value = 306,221,100,000
Strike 1010 has a total call value of 15,200,000 versus a total put value of 291,686,100,000 Combined total value = 291,701,300,000
Strike 1020 has a total call value of 30,400,000 versus a total put value of 277,151,100,000 Combined total value = 277,181,500,000
Strike 1030 has a total call value of 45,600,000 versus a total put value of 262,631,300,000 Combined total value = 262,676,900,000
Strike 1040 has a total call value of 62,700,000 versus a total put value of 248,111,500,000 Combined total value = 248,174,200,000
Strike 1050 has a total call value of 80,750,000 versus a total put value of 233,591,700,000 Combined total value = 233,672,450,000
Strike 1060 has a total call value of 106,400,000 versus a total put value of 219,214,400,000 Combined total value = 219,320,800,000
Strike 1070 has a total call value of 132,050,000 versus a total put value of 204,837,100,000 Combined total value = 204,969,150,000
Strike 1080 has a total call value of 157,700,000 versus a total put value of 190,459,800,000 Combined total value = 190,617,500,000
Strike 1090 has a total call value of 183,350,000 versus a total put value of 176,138,550,000 Combined total value = 176,321,900,000
Strike 1100 has a total call value of 209,000,000 versus a total put value of 161,828,700,000 Combined total value = 162,037,700,000
Strike 1110 has a total call value of 766,650,000 versus a total put value of 148,178,150,000 Combined total value = 148,944,800,000
Strike 1120 has a total call value of 1,324,300,000 versus a total put value of 134,579,850,000 Combined total value = 135,904,150,000
Strike 1130 has a total call value of 1,881,950,000 versus a total put value of 121,068,950,000 Combined total value = 122,950,900,000
Strike 1140 has a total call value of 2,439,600,000 versus a total put value of 107,617,900,000 Combined total value = 110,057,500,000
Strike 1150 has a total call value of 3,024,800,000 versus a total put value of 94,312,200,000 Combined total value = 97,337,000,000
Strike 1160 has a total call value of 3,734,450,000 versus a total put value of 81,582,200,000 Combined total value = 85,316,650,000
Strike 1170 has a total call value of 4,480,200,000 versus a total put value of 69,065,000,000 Combined total value = 73,545,200,000
Strike 1180 has a total call value of 5,283,900,000 versus a total put value of 56,749,200,000 Combined total value = 62,033,100,000
Strike 1190 has a total call value of 6,194,000,000 versus a total put value of 44,854,250,000 Combined total value = 51,048,250,000
Strike 1200 has a total call value of 7,294,100,000 versus a total put value of 33,835,200,000 Combined total value = 41,129,300,000
Strike 1210 has a total call value of 12,280,650,000 versus a total put value of 25,498,000,000 Combined total value = 37,778,650,000
Strike 1220 has a total call value of 17,811,550,000 versus a total put value of 17,784,000,000 Combined total value = 35,595,550,000
Strike 1230 has a total call value of 24,437,800,000 versus a total put value of 11,585,250,000 Combined total value = 36,023,050,000
Strike 1240 has a total call value of 32,691,400,000 versus a total put value of 6,758,300,000 Combined total value = 39,449,700,000
Strike 1250 has a total call value of 44,045,800,000 versus a total put value of 3,696,450,000 Combined total value = 47,742,250,000
Strike 1260 has a total call value of 56,735,900,000 versus a total put value of 1,987,400,000 Combined total value = 58,723,300,000
Strike 1270 has a total call value of 70,541,300,000 versus a total put value of 963,300,000 Combined total value = 71,504,600,000
Strike 1280 has a total call value of 85,451,550,000 versus a total put value of 434,150,000 Combined total value = 85,885,700,000
Strike 1290 has a total call value of 101,715,550,000 versus a total put value of 219,450,000 Combined total value = 101,935,000,000
Strike 1300 has a total call value of 118,789,900,000 versus a total put value of 58,900,000 Combined total value = 118,848,800,000
Strike 1310 has a total call value of 139,042,000,000 versus a total put value of 32,300,000 Combined total value = 139,074,300,000
Strike 1320 has a total call value of 159,576,250,000 versus a total put value of 8,550,000 Combined total value = 159,584,800,000
Strike 1330 has a total call value of 180,653,900,000 versus a total put value of 3,800,000 Combined total value = 180,657,700,000
Strike 1340 has a total call value of 201,951,950,000 versus a total put value of 1,900,000 Combined total value = 201,953,850,000
Strike 1350 has a total call value of 223,581,550,000 versus a total put value of 950,000 Combined total value = 223,582,500,000
Strike 1360 has a total call value of 245,766,900,000 versus a total put value of 0 Combined total value = 245,766,900,000
Strike 1370 has a total call value of 268,146,050,000 versus a total put value of 0 Combined total value = 268,146,050,000
Strike 1380 has a total call value of 290,537,550,000 versus a total put value of 0 Combined total value = 290,537,550,000
Strike 1390 has a total call value of 313,136,150,000 versus a total put value of 0 Combined total value = 313,136,150,000
Strike 1400 has a total call value of 335,734,750,000 versus a total put value of 0 Combined total value = 335,734,750,000
Max Pain - Choose a symbol
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E
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H
I
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L
M
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O
P
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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.