[--[65.84.65.76]--]
BHEL
BHEL

218.8 -5.50 (-2.45%)


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



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.