BHEL
Bhel
Max pain for BHEL
15 Jul 2025 01:01 PM ISTNext Refresh in
Max Pain for BHEL is 260
Strike 210 has a total call value of 0 versus a total put value of 60,969,562,500 Combined total value = 60,969,562,500
Strike 215 has a total call value of 0 versus a total put value of 53,805,937,500 Combined total value = 53,805,937,500
Strike 220 has a total call value of 0 versus a total put value of 46,642,312,500 Combined total value = 46,642,312,500
Strike 225 has a total call value of 0 versus a total put value of 39,721,500,000 Combined total value = 39,721,500,000
Strike 230 has a total call value of 0 versus a total put value of 32,866,312,500 Combined total value = 32,866,312,500
Strike 235 has a total call value of 60,375,000 versus a total put value of 26,368,125,000 Combined total value = 26,428,500,000
Strike 240 has a total call value of 120,750,000 versus a total put value of 20,165,250,000 Combined total value = 20,286,000,000
Strike 245 has a total call value of 362,250,000 versus a total put value of 14,923,125,000 Combined total value = 15,285,375,000
Strike 250 has a total call value of 729,750,000 versus a total put value of 10,140,375,000 Combined total value = 10,870,125,000
Strike 255 has a total call value of 1,518,562,500 versus a total put value of 6,390,562,500 Combined total value = 7,909,125,000
Strike 260 has a total call value of 2,684,062,500 versus a total put value of 3,282,562,500 Combined total value = 5,966,625,000
Strike 265 has a total call value of 6,314,437,500 versus a total put value of 1,488,375,000 Combined total value = 7,802,812,500
Strike 270 has a total call value of 11,443,687,500 versus a total put value of 435,750,000 Combined total value = 11,879,437,500
Strike 275 has a total call value of 19,423,687,500 versus a total put value of 0 Combined total value = 19,423,687,500
Strike 280 has a total call value of 28,926,187,500 versus a total put value of 0 Combined total value = 28,926,187,500
Strike 285 has a total call value of 39,873,750,000 versus a total put value of 0 Combined total value = 39,873,750,000
Strike 290 has a total call value of 51,278,062,500 versus a total put value of 0 Combined total value = 51,278,062,500
Strike 295 has a total call value of 63,542,062,500 versus a total put value of 0 Combined total value = 63,542,062,500
Strike 300 has a total call value of 75,806,062,500 versus a total put value of 0 Combined total value = 75,806,062,500
Strike 305 has a total call value of 90,389,250,000 versus a total put value of 0 Combined total value = 90,389,250,000
Strike 310 has a total call value of 104,972,437,500 versus a total put value of 0 Combined total value = 104,972,437,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1204.5 | 1200 |
| AARTIIND | 451.55 | 455 |
| ABB | 5653 | 5900 |
| ABCAPITAL | 268.8 | 270 |
| ABFRL | 76.86 | 77 |
| ACC | 1981.9 | 1940 |
| ADANIENSOL | 876.95 | 880 |
| ADANIENT | 2593.7 | 2600 |
| ADANIGREEN | 1035.4 | 1000 |
| ADANIPORTS | 1443.5 | 1420 |
| ALKEM | 4900.6 | 4850 |
| AMBER | 7870.5 | 7400 |
| AMBUJACEM | 592.15 | 590 |
| ANGELONE | 2682.9 | 2700 |
| APLAPOLLO | 1719.2 | 1740 |
| APOLLOHOSP | 7314 | 7300 |
| ASHOKLEY | 250.85 | 250 |
| ASIANPAINT | 2395.9 | 2400 |
| ASTRAL | 1496.5 | 1500 |
| ATGL | 647.95 | 660 |
| AUBANK | 807.75 | 810 |
| AUROPHARMA | 1155.4 | 1140 |
| AXISBANK | 1170.9 | 1180 |
| BAJAJ-AUTO | 8266.5 | 8390 |
| BAJAJFINSV | 2021.3 | 2020 |
| BAJFINANCE | 921.9 | 930 |
| BALKRISIND | 2668.3 | 2580 |
| BANDHANBNK | 180.4 | 180 |
| BANKBARODA | 243.99 | 245 |
| BANKINDIA | 115.58 | 115.95 |
| BDL | 1821.2 | 1900 |
| BEL | 409.5 | 415 |
| BHARATFORG | 1235.9 | 1260 |
| BHARTIARTL | 1932.9 | 1960 |
| BHEL | 256.8 | 260 |
| BIOCON | 390.1 | 370 |
| BLUESTARCO | 1897.9 | 1800 |
| BOSCHLTD | 38465 | 36000 |
| BPCL | 347.8 | 340 |
| BRITANNIA | 5805 | 5800 |
| BSE | 2532 | 2600 |
| BSOFT | 429.05 | 430 |
| CAMS | 4251 | 4200 |
| CANBK | 114.81 | 114 |
| CDSL | 1704.3 | 1740 |
| CESC | 181.06 | 175 |
| CGPOWER | 675.2 | 670 |
| CHAMBLFERT | 554.9 | 560 |
| CHOLAFIN | 1546.3 | 1560 |
| CIPLA | 1491.6 | 1500 |
| COALINDIA | 386.05 | 395 |
| COFORGE | 1894.2 | 1880 |
| COLPAL | 2400.1 | 2400 |
| CONCOR | 622.95 | 616 |
| CROMPTON | 343.35 | 350 |
| CUMMINSIND | 3572 | 3400 |
| CYIENT | 1309.8 | 1300 |
| DABUR | 524.35 | 515 |
| DALBHARAT | 2179 | 2180 |
| DELHIVERY | 416.9 | 400 |
| DIVISLAB | 6761 | 6800 |
| DIXON | 15829 | 15250 |
| DLF | 837.55 | 840 |
| DMART | 4038.6 | 4100 |
| DRREDDY | 1256.6 | 1280 |
| EICHERMOT | 5600.5 | 5600 |
| ETERNAL | 268.05 | 260 |
| EXIDEIND | 386.1 | 390 |
| FEDERALBNK | 211.63 | 212.5 |
| FORTIS | 802 | 780 |
| GAIL | 184.33 | 190 |
| GLENMARK | 2214.3 | 2000 |
| GMRAIRPORT | 91.25 | 90 |
| GODREJCP | 1268.2 | 1260 |
| GODREJPROP | 2276.6 | 2300 |
| GRANULES | 492.7 | 490 |
| GRASIM | 2789.3 | 2800 |
| HAL | 4908.1 | 4900 |
| HAVELLS | 1536.8 | 1560 |
| HCLTECH | 1575.1 | 1600 |
| HDFCAMC | 5217 | 5100 |
| HDFCBANK | 2001.1 | 2000 |
| HDFCLIFE | 753.2 | 770 |
| HEROMOTOCO | 4443 | 4300 |
| HFCL | 82.53 | 85 |
| HINDALCO | 673.1 | 680 |
| HINDCOPPER | 262.6 | 265 |
| HINDPETRO | 431.9 | 430 |
| HINDUNILVR | 2519.8 | 2440 |
| HINDZINC | 437.8 | 450 |
| HUDCO | 233.91 | 235 |
| ICICIBANK | 1427.5 | 1430 |
| ICICIGI | 1993 | 2020 |
| ICICIPRULI | 666.95 | 660 |
| IDEA | 7.65 | 7 |
| IDFCFIRSTB | 73.1 | 75 |
| IEX | 208.5 | 200 |
| IGL | 220.1 | 215 |
| IIFL | 524 | 500 |
| INDHOTEL | 739.6 | 750 |
| INDIANB | 637.1 | 630 |
| INDIGO | 5941 | 5800 |
| INDUSINDBK | 877.75 | 860 |
| INDUSTOWER | 405.8 | 405 |
| INFY | 1586.3 | 1600 |
| INOXWIND | 172.79 | 175 |
| IOC | 150.92 | 150 |
| IRB | 48.6 | 49 |
| IRCTC | 773.1 | 780 |
| IREDA | 159.99 | 162.5 |
| IRFC | 135.69 | 140 |
| ITC | 421.8 | 420 |
| JINDALSTEL | 943.9 | 950 |
| JIOFIN | 321.25 | 320 |
| JSL | 688 | 690 |
| JSWENERGY | 529.85 | 510 |
| JSWSTEEL | 1038.3 | 1030 |
| JUBLFOOD | 686.7 | 690 |
| KALYANKJIL | 587.65 | 570 |
| KAYNES | 5995 | 6000 |
| KEI | 3849.3 | 3800 |
| KFINTECH | 1299.1 | 1300 |
| KOTAKBANK | 2207.6 | 2200 |
| KPITTECH | 1295.2 | 1280 |
| LAURUSLABS | 826.9 | 780 |
| LICHSGFIN | 616.5 | 610 |
| LICI | 921.5 | 930 |
| LODHA | 1435.2 | 1400 |
| LT | 3499.6 | 3560 |
| LTF | 204.68 | 200 |
| LTIM | 5246 | 5300 |
| LUPIN | 1959 | 1940 |
| M&M | 3144.9 | 3150 |
| M&MFIN | 264.55 | 263.5 |
| MANAPPURAM | 267.75 | 270 |
| MANKIND | 2649.7 | 2500 |
| MARICO | 734.45 | 730 |
| MARUTI | 12576 | 12600 |
| MAXHEALTH | 1258.9 | 1260 |
| MAZDOCK | 3116.8 | 3200 |
| MCX | 8335 | 8400 |
| MFSL | 1565.5 | 1600 |
| MGL | 1471.8 | 1500 |
| MOTHERSON | 157.83 | 155 |
| MPHASIS | 2884.8 | 2843 |
| MUTHOOTFIN | 2652 | 2600 |
| NATIONALUM | 190.54 | 190 |
| NAUKRI | 1398.6 | 1420 |
| NBCC | 116.15 | 115 |
| NCC | 228.89 | 225 |
| NESTLEIND | 2405.8 | 2400 |
| NHPC | 88.07 | 86 |
| NMDC | 68 | 70 |
| NTPC | 343.2 | 340 |
| NYKAA | 217.77 | 210 |
| OBEROIRLTY | 1828.6 | 1860 |
| OFSS | 8793.5 | 9000 |
| OIL | 442.6 | 450 |
| ONGC | 244.08 | 242.5 |
| PAGEIND | 49000 | 48000 |
| PATANJALI | 1708.3 | 1700 |
| PAYTM | 994.4 | 960 |
| PEL | 1322.3 | 1260 |
| PERSISTENT | 5598.5 | 5700 |
| PETRONET | 308.2 | 310 |
| PFC | 425 | 420 |
| PGEL | 810.55 | 780 |
| PHOENIXLTD | 1497.8 | 1500 |
| PIDILITIND | 2987.8 | 3000 |
| PIIND | 4143.7 | 4100 |
| PNB | 112.6 | 110 |
| PNBHOUSING | 1091 | 1100 |
| POLICYBZR | 1855.8 | 1850 |
| POLYCAB | 6915 | 6600 |
| POONAWALLA | 455 | 450 |
| POWERGRID | 298.7 | 300 |
| PPLPHARMA | 215.7 | 205 |
| PRESTIGE | 1740.5 | 1700 |
| RBLBANK | 264.55 | 247.5 |
| RECLTD | 401.15 | 400 |
| RELIANCE | 1489.8 | 1500 |
| RVNL | 383.65 | 390 |
| SAIL | 134.34 | 135 |
| SBICARD | 897 | 920 |
| SBILIFE | 1836 | 1840 |
| SBIN | 816.35 | 810 |
| SHREECEM | 30925 | 31000 |
| SHRIRAMFIN | 677.95 | 680 |
| SIEMENS | 3138 | 3200 |
| SJVN | 98.61 | 99 |
| SOLARINDS | 15375 | 16000 |
| SONACOMS | 454.4 | 470 |
| SRF | 3194.8 | 3200 |
| SUNPHARMA | 1727.3 | 1700 |
| SUPREMEIND | 4219 | 4300 |
| SYNGENE | 655.35 | 650 |
| TATACHEM | 932 | 940 |
| TATACOMM | 1718.3 | 1740 |
| TATACONSUM | 1081.6 | 1100 |
| TATAELXSI | 6397 | 6200 |
| TATAMOTORS | 683.7 | 690 |
| TATAPOWER | 402.65 | 405 |
| TATASTEEL | 159.53 | 160 |
| TATATECH | 729 | 720 |
| TCS | 3252.1 | 3300 |
| TECHM | 1576.5 | 1600 |
| TIINDIA | 2909.9 | 3000 |
| TITAGARH | 943.05 | 940 |
| TITAN | 3412.4 | 3450 |
| TORNTPHARM | 3451.5 | 3350 |
| TORNTPOWER | 1395 | 1420 |
| TRENT | 5349 | 5600 |
| TVSMOTOR | 2887.7 | 2860 |
| ULTRACEMCO | 12518 | 12300 |
| UNIONBANK | 146.61 | 147.5 |
| UNITDSPR | 1368.9 | 1400 |
| UNOMINDA | 1107 | 1100 |
| UPL | 670.8 | 650 |
| VBL | 468.6 | 460 |
| VEDL | 449.95 | 450 |
| VOLTAS | 1390.7 | 1360 |
| WIPRO | 257.55 | 260 |
| YESBANK | 20 | 20 |
| ZYDUSLIFE | 973.55 | 980 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.
