BHEL
BHEL
Max pain for BHEL
19 Mar 2024 03:46 PM IST
Max Pain for BHEL is 240
Strike 165 has a total call value of 0 versus a total put value of 199,710,000,000 Combined total value = 199,710,000,000
Strike 167.5 has a total call value of 3,937,500 versus a total put value of 192,316,687,500 Combined total value = 192,320,625,000
Strike 170 has a total call value of 7,875,000 versus a total put value of 184,923,375,000 Combined total value = 184,931,250,000
Strike 172.5 has a total call value of 14,437,500 versus a total put value of 177,530,062,500 Combined total value = 177,544,500,000
Strike 175 has a total call value of 21,000,000 versus a total put value of 170,136,750,000 Combined total value = 170,157,750,000
Strike 177.5 has a total call value of 27,562,500 versus a total put value of 162,743,437,500 Combined total value = 162,771,000,000
Strike 180 has a total call value of 34,125,000 versus a total put value of 155,356,687,500 Combined total value = 155,390,812,500
Strike 182.5 has a total call value of 82,687,500 versus a total put value of 147,969,937,500 Combined total value = 148,052,625,000
Strike 185 has a total call value of 131,250,000 versus a total put value of 140,612,062,500 Combined total value = 140,743,312,500
Strike 187.5 has a total call value of 182,437,500 versus a total put value of 133,254,187,500 Combined total value = 133,436,625,000
Strike 190 has a total call value of 233,625,000 versus a total put value of 125,923,875,000 Combined total value = 126,157,500,000
Strike 192.5 has a total call value of 313,687,500 versus a total put value of 118,593,562,500 Combined total value = 118,907,250,000
Strike 195 has a total call value of 393,750,000 versus a total put value of 111,281,625,000 Combined total value = 111,675,375,000
Strike 197.5 has a total call value of 476,437,500 versus a total put value of 104,034,000,000 Combined total value = 104,510,437,500
Strike 200 has a total call value of 559,125,000 versus a total put value of 96,786,375,000 Combined total value = 97,345,500,000
Strike 202.5 has a total call value of 783,562,500 versus a total put value of 90,192,375,000 Combined total value = 90,975,937,500
Strike 205 has a total call value of 1,008,000,000 versus a total put value of 83,622,000,000 Combined total value = 84,630,000,000
Strike 207.5 has a total call value of 1,237,687,500 versus a total put value of 77,150,062,500 Combined total value = 78,387,750,000
Strike 210 has a total call value of 1,467,375,000 versus a total put value of 70,688,625,000 Combined total value = 72,156,000,000
Strike 212.5 has a total call value of 1,697,062,500 versus a total put value of 64,656,375,000 Combined total value = 66,353,437,500
Strike 215 has a total call value of 1,926,750,000 versus a total put value of 58,624,125,000 Combined total value = 60,550,875,000
Strike 217.5 has a total call value of 2,156,437,500 versus a total put value of 52,809,750,000 Combined total value = 54,966,187,500
Strike 220 has a total call value of 2,392,687,500 versus a total put value of 46,995,375,000 Combined total value = 49,388,062,500
Strike 222.5 has a total call value of 2,824,500,000 versus a total put value of 41,884,500,000 Combined total value = 44,709,000,000
Strike 225 has a total call value of 3,277,312,500 versus a total put value of 36,773,625,000 Combined total value = 40,050,937,500
Strike 227.5 has a total call value of 4,021,500,000 versus a total put value of 32,181,187,500 Combined total value = 36,202,687,500
Strike 230 has a total call value of 4,860,187,500 versus a total put value of 27,588,750,000 Combined total value = 32,448,937,500
Strike 232.5 has a total call value of 6,811,875,000 versus a total put value of 24,027,937,500 Combined total value = 30,839,812,500
Strike 235 has a total call value of 8,868,562,500 versus a total put value of 20,467,125,000 Combined total value = 29,335,687,500
Strike 237.5 has a total call value of 11,481,750,000 versus a total put value of 17,226,562,500 Combined total value = 28,708,312,500
Strike 240 has a total call value of 14,218,312,500 versus a total put value of 14,063,437,500 Combined total value = 28,281,750,000
Strike 242.5 has a total call value of 18,098,062,500 versus a total put value of 11,695,687,500 Combined total value = 29,793,750,000
Strike 245 has a total call value of 21,977,812,500 versus a total put value of 9,411,937,500 Combined total value = 31,389,750,000
Strike 247.5 has a total call value of 26,503,312,500 versus a total put value of 7,498,312,500 Combined total value = 34,001,625,000
Strike 250 has a total call value of 31,192,875,000 versus a total put value of 5,696,250,000 Combined total value = 36,889,125,000
Strike 252.5 has a total call value of 37,992,937,500 versus a total put value of 4,583,250,000 Combined total value = 42,576,187,500
Strike 255 has a total call value of 44,921,625,000 versus a total put value of 3,470,250,000 Combined total value = 48,391,875,000
Strike 257.5 has a total call value of 52,598,437,500 versus a total put value of 2,577,750,000 Combined total value = 55,176,187,500
Strike 260 has a total call value of 60,275,250,000 versus a total put value of 1,685,250,000 Combined total value = 61,960,500,000
Strike 262.5 has a total call value of 70,170,187,500 versus a total put value of 1,337,437,500 Combined total value = 71,507,625,000
Strike 265 has a total call value of 80,231,812,500 versus a total put value of 989,625,000 Combined total value = 81,221,437,500
Strike 267.5 has a total call value of 91,705,687,500 versus a total put value of 641,812,500 Combined total value = 92,347,500,000
Strike 270 has a total call value of 103,393,500,000 versus a total put value of 328,125,000 Combined total value = 103,721,625,000
Strike 272.5 has a total call value of 116,972,625,000 versus a total put value of 265,125,000 Combined total value = 117,237,750,000
Strike 275 has a total call value of 130,689,562,500 versus a total put value of 216,562,500 Combined total value = 130,906,125,000
Strike 277.5 has a total call value of 144,938,062,500 versus a total put value of 168,000,000 Combined total value = 145,106,062,500
Strike 280 has a total call value of 159,186,562,500 versus a total put value of 135,187,500 Combined total value = 159,321,750,000
Strike 282.5 has a total call value of 174,793,500,000 versus a total put value of 102,375,000 Combined total value = 174,895,875,000
Strike 285 has a total call value of 190,400,437,500 versus a total put value of 73,500,000 Combined total value = 190,473,937,500
Strike 287.5 has a total call value of 206,391,937,500 versus a total put value of 52,500,000 Combined total value = 206,444,437,500
Strike 290 has a total call value of 222,449,062,500 versus a total put value of 31,500,000 Combined total value = 222,480,562,500
Strike 292.5 has a total call value of 239,372,437,500 versus a total put value of 21,000,000 Combined total value = 239,393,437,500
Strike 295 has a total call value of 256,326,000,000 versus a total put value of 10,500,000 Combined total value = 256,336,500,000
Strike 297.5 has a total call value of 273,679,875,000 versus a total put value of 5,250,000 Combined total value = 273,685,125,000
Strike 300 has a total call value of 291,033,750,000 versus a total put value of 0 Combined total value = 291,033,750,000
Strike 302.5 has a total call value of 309,596,437,500 versus a total put value of 0 Combined total value = 309,596,437,500
Strike 305 has a total call value of 328,159,125,000 versus a total put value of 0 Combined total value = 328,159,125,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
U
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.