BHEL
BHEL
Max pain for BHEL
11 Dec 2023 04:15 PM IST
Max Pain for BHEL is 170
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
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.