BHEL
BHEL
Max pain for BHEL
19 Apr 2024 11:17 AM IST
Max Pain for BHEL is 255
Strike 182.5 has a total call value of 0 versus a total put value of 156,156,000,000 Combined total value = 156,156,000,000
Strike 185 has a total call value of 5,250,000 versus a total put value of 149,474,062,500 Combined total value = 149,479,312,500
Strike 187.5 has a total call value of 10,500,000 versus a total put value of 142,792,125,000 Combined total value = 142,802,625,000
Strike 190 has a total call value of 15,750,000 versus a total put value of 136,110,187,500 Combined total value = 136,125,937,500
Strike 192.5 has a total call value of 21,000,000 versus a total put value of 129,428,250,000 Combined total value = 129,449,250,000
Strike 195 has a total call value of 26,250,000 versus a total put value of 122,746,312,500 Combined total value = 122,772,562,500
Strike 197.5 has a total call value of 31,500,000 versus a total put value of 116,064,375,000 Combined total value = 116,095,875,000
Strike 200 has a total call value of 36,750,000 versus a total put value of 109,382,437,500 Combined total value = 109,419,187,500
Strike 202.5 has a total call value of 114,187,500 versus a total put value of 103,032,562,500 Combined total value = 103,146,750,000
Strike 205 has a total call value of 191,625,000 versus a total put value of 96,682,687,500 Combined total value = 96,874,312,500
Strike 207.5 has a total call value of 269,062,500 versus a total put value of 90,332,812,500 Combined total value = 90,601,875,000
Strike 210 has a total call value of 346,500,000 versus a total put value of 83,982,937,500 Combined total value = 84,329,437,500
Strike 212.5 has a total call value of 473,812,500 versus a total put value of 77,782,687,500 Combined total value = 78,256,500,000
Strike 215 has a total call value of 601,125,000 versus a total put value of 71,582,437,500 Combined total value = 72,183,562,500
Strike 217.5 has a total call value of 728,437,500 versus a total put value of 65,492,437,500 Combined total value = 66,220,875,000
Strike 220 has a total call value of 855,750,000 versus a total put value of 59,402,437,500 Combined total value = 60,258,187,500
Strike 222.5 has a total call value of 1,032,937,500 versus a total put value of 53,741,625,000 Combined total value = 54,774,562,500
Strike 225 has a total call value of 1,210,125,000 versus a total put value of 48,096,562,500 Combined total value = 49,306,687,500
Strike 227.5 has a total call value of 1,387,312,500 versus a total put value of 42,812,437,500 Combined total value = 44,199,750,000
Strike 230 has a total call value of 1,564,500,000 versus a total put value of 37,528,312,500 Combined total value = 39,092,812,500
Strike 232.5 has a total call value of 1,796,812,500 versus a total put value of 32,817,750,000 Combined total value = 34,614,562,500
Strike 235 has a total call value of 2,029,125,000 versus a total put value of 28,155,750,000 Combined total value = 30,184,875,000
Strike 237.5 has a total call value of 2,261,437,500 versus a total put value of 23,783,812,500 Combined total value = 26,045,250,000
Strike 240 has a total call value of 2,493,750,000 versus a total put value of 19,509,000,000 Combined total value = 22,002,750,000
Strike 242.5 has a total call value of 2,913,750,000 versus a total put value of 16,172,625,000 Combined total value = 19,086,375,000
Strike 245 has a total call value of 3,339,000,000 versus a total put value of 12,930,750,000 Combined total value = 16,269,750,000
Strike 247.5 has a total call value of 3,890,250,000 versus a total put value of 10,103,625,000 Combined total value = 13,993,875,000
Strike 250 has a total call value of 4,457,250,000 versus a total put value of 7,351,312,500 Combined total value = 11,808,562,500
Strike 252.5 has a total call value of 5,692,312,500 versus a total put value of 5,473,125,000 Combined total value = 11,165,437,500
Strike 255 has a total call value of 7,021,875,000 versus a total put value of 3,715,687,500 Combined total value = 10,737,562,500
Strike 257.5 has a total call value of 8,880,375,000 versus a total put value of 2,441,250,000 Combined total value = 11,321,625,000
Strike 260 has a total call value of 10,878,000,000 versus a total put value of 1,267,875,000 Combined total value = 12,145,875,000
Strike 262.5 has a total call value of 14,665,875,000 versus a total put value of 872,812,500 Combined total value = 15,538,687,500
Strike 265 has a total call value of 18,678,187,500 versus a total put value of 477,750,000 Combined total value = 19,155,937,500
Strike 267.5 has a total call value of 23,991,187,500 versus a total put value of 295,312,500 Combined total value = 24,286,500,000
Strike 270 has a total call value of 29,444,625,000 versus a total put value of 112,875,000 Combined total value = 29,557,500,000
Strike 272.5 has a total call value of 36,559,687,500 versus a total put value of 86,625,000 Combined total value = 36,646,312,500
Strike 275 has a total call value of 43,761,375,000 versus a total put value of 60,375,000 Combined total value = 43,821,750,000
Strike 277.5 has a total call value of 51,472,312,500 versus a total put value of 43,312,500 Combined total value = 51,515,625,000
Strike 280 has a total call value of 59,237,062,500 versus a total put value of 26,250,000 Combined total value = 59,263,312,500
Strike 282.5 has a total call value of 68,185,687,500 versus a total put value of 21,000,000 Combined total value = 68,206,687,500
Strike 285 has a total call value of 77,214,375,000 versus a total put value of 15,750,000 Combined total value = 77,230,125,000
Strike 287.5 has a total call value of 86,554,125,000 versus a total put value of 10,500,000 Combined total value = 86,564,625,000
Strike 290 has a total call value of 95,893,875,000 versus a total put value of 5,250,000 Combined total value = 95,899,125,000
Strike 292.5 has a total call value of 105,685,125,000 versus a total put value of 3,937,500 Combined total value = 105,689,062,500
Strike 295 has a total call value of 115,476,375,000 versus a total put value of 2,625,000 Combined total value = 115,479,000,000
Strike 300 has a total call value of 135,255,750,000 versus a total put value of 0 Combined total value = 135,255,750,000
Strike 305 has a total call value of 156,636,375,000 versus a total put value of 0 Combined total value = 156,636,375,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.