[--[65.84.65.76]--]
BHEL
BHEL

179.65 2.95 (1.67%)


Strike  112.5  has a total call value of 0  versus a total put value of  204,155,437,500 Combined total value = 204,155,437,500

Strike  115  has a total call value of 0  versus a total put value of  192,833,812,500 Combined total value = 192,833,812,500

Strike  117.5  has a total call value of 0  versus a total put value of  181,548,937,500 Combined total value = 181,548,937,500

Strike  120  has a total call value of 0  versus a total put value of  170,273,250,000 Combined total value = 170,273,250,000

Strike  122.5  has a total call value of 0  versus a total put value of  159,170,812,500 Combined total value = 159,170,812,500

Strike  125  has a total call value of 0  versus a total put value of  148,068,375,000 Combined total value = 148,068,375,000

Strike  127.5  has a total call value of 0  versus a total put value of  136,965,937,500 Combined total value = 136,965,937,500

Strike  130  has a total call value of 0  versus a total put value of  125,863,500,000 Combined total value = 125,863,500,000

Strike  132.5  has a total call value of 0  versus a total put value of  115,145,625,000 Combined total value = 115,145,625,000

Strike  135  has a total call value of 0  versus a total put value of  104,427,750,000 Combined total value = 104,427,750,000

Strike  137.5  has a total call value of 0  versus a total put value of  94,003,875,000 Combined total value = 94,003,875,000

Strike  140  has a total call value of 0  versus a total put value of  83,580,000,000 Combined total value = 83,580,000,000

Strike  142.5  has a total call value of 161,437,500  versus a total put value of  74,350,500,000 Combined total value = 74,511,937,500

Strike  145  has a total call value of 322,875,000  versus a total put value of  65,121,000,000 Combined total value = 65,443,875,000

Strike  147.5  has a total call value of 484,312,500  versus a total put value of  56,495,250,000 Combined total value = 56,979,562,500

Strike  150  has a total call value of 645,750,000  versus a total put value of  48,006,000,000 Combined total value = 48,651,750,000

Strike  152.5  has a total call value of 1,291,500,000  versus a total put value of  40,915,875,000 Combined total value = 42,207,375,000

Strike  155  has a total call value of 2,000,250,000  versus a total put value of  34,086,937,500 Combined total value = 36,087,187,500

Strike  157.5  has a total call value of 3,043,687,500  versus a total put value of  28,273,875,000 Combined total value = 31,317,562,500

Strike  160  has a total call value of 4,087,125,000  versus a total put value of  22,596,000,000 Combined total value = 26,683,125,000

Strike  162.5  has a total call value of 5,603,062,500  versus a total put value of  18,091,500,000 Combined total value = 23,694,562,500

Strike  165  has a total call value of 7,119,000,000  versus a total put value of  13,762,875,000 Combined total value = 20,881,875,000

Strike  167.5  has a total call value of 8,952,562,500  versus a total put value of  10,244,062,500 Combined total value = 19,196,625,000

Strike  170  has a total call value of 10,786,125,000  versus a total put value of  6,944,437,500 Combined total value = 17,730,562,500

Strike  172.5  has a total call value of 13,291,687,500  versus a total put value of  5,062,312,500 Combined total value = 18,354,000,000

Strike  175  has a total call value of 15,881,250,000  versus a total put value of  3,316,687,500 Combined total value = 19,197,937,500

Strike  177.5  has a total call value of 19,204,500,000  versus a total put value of  2,191,875,000 Combined total value = 21,396,375,000

Strike  180  has a total call value of 22,745,625,000  versus a total put value of  1,147,125,000 Combined total value = 23,892,750,000

Strike  182.5  has a total call value of 28,562,625,000  versus a total put value of  784,875,000 Combined total value = 29,347,500,000

Strike  185  has a total call value of 34,709,062,500  versus a total put value of  469,875,000 Combined total value = 35,178,937,500

Strike  187.5  has a total call value of 42,441,000,000  versus a total put value of  274,312,500 Combined total value = 42,715,312,500

Strike  190  has a total call value of 50,354,062,500  versus a total put value of  102,375,000 Combined total value = 50,456,437,500

Strike  192.5  has a total call value of 60,213,562,500  versus a total put value of  51,187,500 Combined total value = 60,264,750,000

Strike  195  has a total call value of 70,254,187,500  versus a total put value of  0 Combined total value = 70,254,187,500

Strike  197.5  has a total call value of 81,200,437,500  versus a total put value of  0 Combined total value = 81,200,437,500

Strike  200  has a total call value of 92,844,937,500  versus a total put value of  0 Combined total value = 92,844,937,500

Strike  202.5  has a total call value of 105,031,500,000  versus a total put value of  0 Combined total value = 105,031,500,000

Max Pain - Choose a symbol



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.