How is Max Pain Calculated?

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. For each strike price: Calculate the difference between the current stock price and the strike price. Multiply this difference by the open interest (number of contracts) at that strike for both call and put options. Sum the values: Add together the dollar value for put options and call options at each strike price. Repeat for all strikes: Perform this calculation for every available strike price in the option chain. Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price. This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

How Can Traders Use Max Pain in Their Strategy?

Traders can incorporate Max Pain analysis into their trading strategy in several ways: Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level. Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes. Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly. Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration. Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

What Does Max Pain Indicate About Stock Price Movement?

Max Pain provides insights into potential stock price behavior, especially near option expiration: Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions. Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost. Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears. Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities. Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

How Often Does Max Pain Change?

Max Pain is a dynamic value that changes continuously based on several factors: Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation. Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations. Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements. New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest. For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

What's the Difference Between Max Pain and Spot Price?

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading: Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately. Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading. The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

Is Max Pain Always Accurate for Predicting Stock Price?

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why: Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions. Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts. Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum. Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level. Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target. Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

When is Max Pain Most Relevant for Options Trading?

Max Pain becomes increasingly relevant as option expiration approaches: Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur. Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations. High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure. Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement. Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement. While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

BHEL

Q: What is Max Pain in Options Trading?

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation. The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Bhel

276.7 -2.65 (-0.95%)

L: 275.65 H: 280.65

Max Pain - BHEL

17 Dec 2025 12:16 PM IST

Live

Expiry

Max Pain for BHEL is 280

Historical data for BHEL-280-CE

LTP (280 CE)

4.65 -1.5

Open Interest

1850 149

Historical data for BHEL-280-PE

LTP (280 PE)

6.7 0.95

Open Interest

753 -25

Strike 210 has a total call value of 0 versus a total put value of 144,548,250,000 Combined total value = 144,548,250,000

Strike 212.5 has a total call value of 16,406,250 versus a total put value of 138,766,031,250 Combined total value = 138,782,437,500

Strike 215 has a total call value of 32,812,500 versus a total put value of 132,983,812,500 Combined total value = 133,016,625,000

Strike 217.5 has a total call value of 49,218,750 versus a total put value of 127,201,593,750 Combined total value = 127,250,812,500

Strike 220 has a total call value of 65,625,000 versus a total put value of 121,419,375,000 Combined total value = 121,485,000,000

Strike 222.5 has a total call value of 91,218,750 versus a total put value of 115,662,750,000 Combined total value = 115,753,968,750

Strike 225 has a total call value of 116,812,500 versus a total put value of 109,906,125,000 Combined total value = 110,022,937,500

Strike 227.5 has a total call value of 143,062,500 versus a total put value of 104,158,031,250 Combined total value = 104,301,093,750

Strike 230 has a total call value of 169,312,500 versus a total put value of 98,409,937,500 Combined total value = 98,579,250,000

Strike 232.5 has a total call value of 208,687,500 versus a total put value of 92,699,906,250 Combined total value = 92,908,593,750

Strike 235 has a total call value of 248,062,500 versus a total put value of 86,989,875,000 Combined total value = 87,237,937,500

Strike 237.5 has a total call value of 287,437,500 versus a total put value of 81,281,156,250 Combined total value = 81,568,593,750

Strike 240 has a total call value of 326,812,500 versus a total put value of 75,572,437,500 Combined total value = 75,899,250,000

Strike 242.5 has a total call value of 385,875,000 versus a total put value of 70,050,750,000 Combined total value = 70,436,625,000

Strike 245 has a total call value of 444,937,500 versus a total put value of 64,553,343,750 Combined total value = 64,998,281,250

Strike 247.5 has a total call value of 509,906,250 versus a total put value of 59,143,218,750 Combined total value = 59,653,125,000

Strike 250 has a total call value of 574,875,000 versus a total put value of 53,757,375,000 Combined total value = 54,332,250,000

Strike 252.5 has a total call value of 677,906,250 versus a total put value of 48,781,687,500 Combined total value = 49,459,593,750

Strike 255 has a total call value of 780,937,500 versus a total put value of 43,875,562,500 Combined total value = 44,656,500,000

Strike 257.5 has a total call value of 894,468,750 versus a total put value of 39,163,031,250 Combined total value = 40,057,500,000

Strike 260 has a total call value of 1,012,593,750 versus a total put value of 34,558,125,000 Combined total value = 35,570,718,750

Strike 262.5 has a total call value of 1,174,031,250 versus a total put value of 30,458,531,250 Combined total value = 31,632,562,500

Strike 265 has a total call value of 1,339,406,250 versus a total put value of 26,439,000,000 Combined total value = 27,778,406,250

Strike 267.5 has a total call value of 1,526,437,500 versus a total put value of 22,699,687,500 Combined total value = 24,226,125,000

Strike 270 has a total call value of 1,720,031,250 versus a total put value of 19,077,187,500 Combined total value = 20,797,218,750

Strike 272.5 has a total call value of 2,102,625,000 versus a total put value of 16,017,750,000 Combined total value = 18,120,375,000

Strike 275 has a total call value of 2,512,125,000 versus a total put value of 13,186,687,500 Combined total value = 15,698,812,500

Strike 277.5 has a total call value of 3,091,593,750 versus a total put value of 10,730,343,750 Combined total value = 13,821,937,500

Strike 280 has a total call value of 3,946,687,500 versus a total put value of 8,499,093,750 Combined total value = 12,445,781,250

Strike 282.5 has a total call value of 6,015,843,750 versus a total put value of 6,762,000,000 Combined total value = 12,777,843,750

Strike 285 has a total call value of 8,335,031,250 versus a total put value of 5,167,968,750 Combined total value = 13,503,000,000

Strike 287.5 has a total call value of 11,286,843,750 versus a total put value of 3,854,812,500 Combined total value = 15,141,656,250

Strike 290 has a total call value of 14,435,531,250 versus a total put value of 2,712,937,500 Combined total value = 17,148,468,750

Strike 292.5 has a total call value of 19,077,843,750 versus a total put value of 1,958,250,000 Combined total value = 21,036,093,750

Strike 295 has a total call value of 24,018,750,000 versus a total put value of 1,314,468,750 Combined total value = 25,333,218,750

Strike 297.5 has a total call value of 30,144,843,750 versus a total put value of 864,937,500 Combined total value = 31,009,781,250

Strike 300 has a total call value of 36,664,031,250 versus a total put value of 574,218,750 Combined total value = 37,238,250,000

Strike 302.5 has a total call value of 45,886,968,750 versus a total put value of 439,687,500 Combined total value = 46,326,656,250

Strike 305 has a total call value of 55,262,156,250 versus a total put value of 335,343,750 Combined total value = 55,597,500,000

Strike 307.5 has a total call value of 64,983,843,750 versus a total put value of 244,781,250 Combined total value = 65,228,625,000

Strike 310 has a total call value of 74,787,562,500 versus a total put value of 165,375,000 Combined total value = 74,952,937,500

Strike 312.5 has a total call value of 85,116,281,250 versus a total put value of 124,031,250 Combined total value = 85,240,312,500

Strike 315 has a total call value of 95,498,156,250 versus a total put value of 85,312,500 Combined total value = 95,583,468,750

Strike 317.5 has a total call value of 106,102,500,000 versus a total put value of 46,593,750 Combined total value = 106,149,093,750

Strike 320 has a total call value of 116,756,718,750 versus a total put value of 7,875,000 Combined total value = 116,764,593,750

Strike 322.5 has a total call value of 128,227,968,750 versus a total put value of 0 Combined total value = 128,227,968,750

Strike 325 has a total call value of 139,739,906,250 versus a total put value of 0 Combined total value = 139,739,906,250

Strike 327.5 has a total call value of 151,571,437,500 versus a total put value of 0 Combined total value = 151,571,437,500

Max-Pain Table for Stocks

Max-Pain Table Expiry

Note:- click on symbol to see more detailed view

Max Pain Table (Stocks)
Symbol	Symbol Ltp	Max Pain
360ONE	1135.6	1140
ABB	5207.5	5200
ABCAPITAL	349.35	350
ADANIENSOL	988.95	990
ADANIENT	2240.1	2300
ADANIGREEN	1028.3	1020
ADANIPORTS	1486.8	1500
ALKEM	5638.5	5700
AMBER	6649	6800
AMBUJACEM	544	555
ANGELONE	2507.9	2600
APLAPOLLO	1743.6	1740
APOLLOHOSP	6974	7150
ASHOKLEY	165.54	160
ASIANPAINT	2778.8	2800
ASTRAL	1435.3	1460
AUBANK	995.7	960
AUROPHARMA	1189.6	1200
AXISBANK	1229.8	1240
BAJAJ-AUTO	8928	9000
BAJAJFINSV	2022.6	2060
BAJFINANCE	1000	1020
BANDHANBNK	148.88	150
BANKBARODA	286.75	290
BANKINDIA	142.4	143
BDL	1333.2	1400
BEL	385.9	400
BHARATFORG	1410	1400
BHARTIARTL	2101.9	2100
BHEL	276.7	280
BIOCON	388.4	390
BLUESTARCO	1822.5	1780
BOSCHLTD	36020	36500
BPCL	367	365
BRITANNIA	6091	6000
BSE	2656	2700
CAMS	745.1	780
CANBK	150.32	150
CDSL	1483.5	1560
CGPOWER	678.3	680
CHOLAFIN	1687.2	1700
CIPLA	1494.2	1520
COALINDIA	384	384.75
COFORGE	1851.6	1840
COLPAL	2112.5	2180
CONCOR	497.65	520
CROMPTON	251.1	265
CUMMINSIND	4513	4500
CYIENT	1138.3	1160
DABUR	494.8	500
DALBHARAT	2062	2040
DELHIVERY	401.2	410
DIVISLAB	6317.5	6400
DIXON	13317	13750
DLF	682.05	710
DMART	3818.1	3900
DRREDDY	1278.1	1270
EICHERMOT	7154.5	7150
ETERNAL	285.35	295
EXIDEIND	362.45	375
FEDERALBNK	264.3	260
FORTIS	874.9	890
GAIL	169.17	175
GLENMARK	1953.7	1940
GMRAIRPORT	101.93	102
GODREJCP	1175.5	1160
GODREJPROP	2025.3	2080
GRASIM	2802	2800
HAL	4242	4500
HAVELLS	1399.9	1440
HCLTECH	1650.9	1660
HDFCAMC	2559	2620
HDFCBANK	983.8	1000
HDFCLIFE	751.65	770
HEROMOTOCO	5805.5	6000
HFCL	64.86	68
HINDALCO	847.15	820
HINDPETRO	468.5	460
HINDUNILVR	2270.5	2300
HINDZINC	582.2	550
HUDCO	209.01	220
ICICIBANK	1351	1370
ICICIGI	1934.7	1980
ICICIPRULI	632.45	630
IDEA	11.31	11
IDFCFIRSTB	83.84	82
IEX	141.25	145
IIFL	568.95	560
INDHOTEL	719.05	730
INDIANB	777.05	820
INDIGO	4974.5	5000
INDUSINDBK	835.8	850
INDUSTOWER	408.25	410
INFY	1600.7	1600
INOXWIND	126.57	130
IOC	168.33	166
IRCTC	668.6	690
IREDA	132.47	140
IRFC	111.54	116
ITC	400	405
JINDALSTEL	1006.5	1030
JIOFIN	293.6	305
JSWENERGY	481.3	490
JSWSTEEL	1085.1	1130
JUBLFOOD	553.35	580
KALYANKJIL	474.6	480
KAYNES	4184.5	4400
KEI	4100	4100
KFINTECH	1035.8	1060
KOTAKBANK	2169.8	2160
KPITTECH	1171.1	1200
LAURUSLABS	1010	1000
LICHSGFIN	526.35	550
LICI	846.8	870
LODHA	1068.5	1100
LT	4059.6	4040
LTF	302.9	302.5
LTIM	6246	6150
LUPIN	2116.5	2080
M&M	3604.4	3650
MANAPPURAM	284.95	280
MANKIND	2098.5	2200
MARICO	739.15	740
MARUTI	16410	16300
MAXHEALTH	1040.6	1100
MAZDOCK	2382.8	2500
MCX	10106	10100
MFSL	1648.5	1680
MOTHERSON	119.94	116
MPHASIS	2866	2900
MUTHOOTFIN	3800.5	3750
NATIONALUM	279.5	270
NAUKRI	1347.7	1360
NBCC	110.55	112
NCC	156.6	165
NESTLEIND	1229.6	1240
NHPC	75.73	78
NMDC	77.5	77
NTPC	320.6	325
NUVAMA	7248.5	7200
NYKAA	244.8	255
OBEROIRLTY	1625.6	1640
OFSS	7770	8000
OIL	402	410
ONGC	232.29	237.5
PAGEIND	36195	37000
PATANJALI	531.5	540
PAYTM	1270.7	1300
PERSISTENT	6289.5	6300
PETRONET	268.9	278
PFC	336.45	355
PGEL	566.5	560
PHOENIXLTD	1788.5	1740
PIDILITIND	1449.7	1480
PIIND	3211.2	3350
PNB	119.23	120
PNBHOUSING	905.1	910
POLICYBZR	1794.2	1840
POLYCAB	7105	7200
POWERGRID	262.5	270
POWERINDIA	19265	19500
PPLPHARMA	169.83	180
PRESTIGE	1612.2	1660
RBLBANK	297.45	310
RECLTD	334.15	350
RELIANCE	1541.8	1540
RVNL	308.1	315
SAIL	129.62	132
SAMMAANCAP	152.21	155
SBICARD	833.9	870
SBILIFE	2001.6	2020
SBIN	976	970
SHREECEM	26030	26500
SHRIRAMFIN	865	850
SIEMENS	3146.5	3200
SOLARINDS	11920	12500
SONACOMS	489.9	500
SRF	3016	2950
SUNPHARMA	1782.5	1800
SUPREMEIND	3333.2	3400
SUZLON	52.17	54
SYNGENE	652.5	650
TATACONSUM	1181.9	1170
TATAELXSI	4993.5	5100
TATAMOTORS	0	320
TATAPOWER	380.2	390
TATASTEEL	169.96	170
TATATECH	645.85	670
TCS	3218.5	3200
TECHM	1578.2	1540
TIINDIA	2626.4	2700
TITAGARH	781.8	800
TITAN	3906	3880
TMPV	347.35	360
TORNTPHARM	3742.3	3750
TORNTPOWER	1288	1300
TRENT	4062.7	4200
TVSMOTOR	3643	3600
ULTRACEMCO	11523	11700
UNIONBANK	153.4	155
UNITDSPR	1442.5	1440
UNOMINDA	1246.9	1280
UPL	745.95	750
VBL	478.6	470
VEDL	573.05	550
VOLTAS	1384.1	1380
WIPRO	260.75	255
YESBANK	21.59	22
ZYDUSLIFE	920.05	930

Note:

Stock LTP > Max Pain	Bearish Trend
Stock LTP < Max Pain	Bullish Trend

Frequently Asked Questions

Max Pain, also known as the max pain price, is the strike price at which the maximum number of option contracts (both puts and calls) would expire worthless, causing the largest financial losses for option holders at expiration. This price point represents the level where option writers would experience the least payout obligation.

The max pain theory suggests that as expiration approaches, market makers and option writers may attempt to influence the stock price toward this level to minimize their payout obligations, making it a significant reference point for traders analyzing option expiration dynamics.

Max Pain is calculated by determining the total dollar value of in-the-money options at each strike price. Here's the step-by-step process:

For each strike price: Calculate the difference between the current stock price and the strike price.
Multiply by Open Interest: Multiply this difference by the open interest (number of contracts) at that strike for both call and put options.
Sum the values: Add together the dollar value for put options and call options at each strike price.
Repeat for all strikes: Perform this calculation for every available strike price in the option chain.
Identify the maximum: The strike price with the highest combined dollar value is the Max Pain price.

This calculation helps identify the price level where option writers would face the maximum financial loss if the stock closes at that price on expiration day.

Traders can incorporate Max Pain analysis into their trading strategy in several ways:

Expiration Day Trading: As option expiration approaches, traders can use Max Pain as a potential support or resistance level, as market makers may attempt to push the price toward this level.
Option Selection: Understanding Max Pain helps traders choose strike prices that are less likely to be manipulated, potentially improving their option trade outcomes.
Risk Management: If a stock is trading far from Max Pain before expiration, traders can anticipate potential price movement toward this level and adjust their positions accordingly.
Market Sentiment Indicator: Comparing the current stock price to Max Pain can provide insights into market sentiment and potential price direction near expiration.
Hedging Strategy: Option writers can use Max Pain to identify strike prices where they might face the least payout risk, helping them structure more efficient hedging strategies.

Max Pain provides insights into potential stock price behavior, especially near option expiration:

Price Magnet Effect: If the stock price is significantly above or below Max Pain before expiration, there may be a tendency for the price to move toward Max Pain as expiration approaches, as option writers hedge their positions.
Support/Resistance Level: Max Pain can act as a psychological and technical support or resistance level, especially on expiration day, as it represents the price where maximum option value would be lost.
Volatility Indicator: A large gap between current price and Max Pain may indicate higher potential volatility or price movement as expiration nears.
Market Maker Activity: Significant open interest concentration around Max Pain suggests where market makers might have the most incentive to influence price movement through their hedging activities.

Note: Max Pain is a theoretical concept and should be used in conjunction with other technical and fundamental analysis tools, as it does not guarantee price movement.

Max Pain is a dynamic value that changes continuously based on several factors:

Open Interest Changes: As traders open and close option positions, the open interest at different strike prices changes, which directly affects the Max Pain calculation.
Stock Price Movement: As the underlying stock price moves, different strike prices become in-the-money or out-of-the-money, altering the dollar value calculations.
Time Decay: As expiration approaches, the time value of options decreases, but the intrinsic value calculations for Max Pain continue to evolve with price movements.
New Option Contracts: When new strike prices are added or when significant new positions are opened, Max Pain may shift to reflect the new distribution of open interest.

For accurate Max Pain analysis, traders should monitor it regularly, especially in the days leading up to expiration, as it can shift significantly as market conditions and option positions change.

Max Pain and Spot Price are two distinct concepts that serve different purposes in options trading:

Spot Price (Current Market Price): This is the current trading price of the underlying stock or index in the market. It represents the real-time value at which the asset can be bought or sold immediately.
Max Pain Price: This is a calculated theoretical price level based on option open interest data. It represents the strike price where option writers would face minimum payout obligations, not necessarily where the stock is currently trading.

The relationship between these two prices is crucial: when the spot price is far from Max Pain, traders may anticipate potential price movement toward Max Pain as expiration approaches. However, this is not guaranteed, and many other factors influence stock price movement.

No, Max Pain is not always accurate and should not be used as the sole indicator for predicting stock price movement. Here's why:

Market Forces: Strong fundamental news, earnings reports, or significant market events can override the Max Pain effect and drive prices in unexpected directions.
Institutional Activity: Large institutional trades, algorithmic trading, and other market participants may have different objectives than minimizing option payouts.
Limited Influence: While market makers may attempt to influence price toward Max Pain, their ability to do so is limited, especially in highly liquid stocks with strong directional momentum.
Multiple Expirations: Stocks often have options expiring on different dates (weekly, monthly), which means multiple Max Pain levels may exist simultaneously, reducing the predictive power of any single level.
Statistical Tool: Max Pain is best viewed as a statistical tool that provides context about option market dynamics rather than a guaranteed price target.

Traders should use Max Pain as one of many tools in their analysis, combining it with technical analysis, fundamental analysis, and market sentiment indicators for more comprehensive decision-making.

Max Pain becomes increasingly relevant as option expiration approaches:

Last Trading Week: Max Pain analysis is most useful during the final week before expiration, when option writers are actively hedging and the "pinning effect" (price movement toward Max Pain) is most likely to occur.
Expiration Day: On the day of expiration, Max Pain can serve as a key reference level, as market makers may attempt to keep the stock price near this level to minimize their payout obligations.
High Open Interest: Max Pain is more reliable when there is significant open interest concentrated around specific strike prices, as this indicates where option writers have the most exposure.
Low Volatility Periods: During periods of low market volatility, Max Pain may have a stronger influence, as there are fewer competing forces driving price movement.
Monthly Expirations: Monthly option expirations (typically the third Friday) often show stronger Max Pain effects compared to weekly expirations, due to higher open interest and more significant market maker involvement.

While Max Pain can be calculated at any time, its predictive value and practical application increase significantly as expiration approaches, making it particularly useful for short-term trading strategies focused on expiration week dynamics.

Related Pages for BHEL

BHEL

360ONE

ABB

ABCAPITAL

ADANIENSOL

ADANIENT

ADANIGREEN

ADANIPORTS

ALKEM

AMBER

AMBUJACEM

ANGELONE

APLAPOLLO

APOLLOHOSP

ASHOKLEY

ASIANPAINT

ASTRAL

AUBANK

AUROPHARMA

AXISBANK

BAJAJ-AUTO

BAJAJFINSV

BAJFINANCE

BANDHANBNK

BANKBARODA

BANKEX

BANKINDIA

BANKNIFTY

BDL

BEL

BHARATFORG

BHARTIARTL

BHEL

BIOCON

BLUESTARCO

BOSCHLTD

BPCL

BRITANNIA

BSE

CAMS

CANBK

CDSL

CGPOWER

CHOLAFIN

CIPLA

COALINDIA

COFORGE

COLPAL

CONCOR

COPPER

CROMPTON

CRUDEOIL

CRUDEOILM

CUMMINSIND

CYIENT

DABUR

DALBHARAT

DELHIVERY

DIVISLAB

DIXON

DLF

DMART

DRREDDY

EICHERMOT

ETERNAL

EURINR

EURUSD

EXIDEIND

FEDERALBNK

FINNIFTY

FORTIS

GAIL

GBPINR

GBPUSD

GLENMARK

GMRAIRPORT

GODREJCP

GODREJPROP

GOLD