BHEL
BHEL
Max pain for BHEL
28 Mar 2024 03:46 PM IST
Max Pain for BHEL is 240
Strike 165 has a total call value of 0 versus a total put value of 132,300,000,000 Combined total value = 132,300,000,000
Strike 167.5 has a total call value of 19,687,500 versus a total put value of 126,846,562,500 Combined total value = 126,866,250,000
Strike 170 has a total call value of 39,375,000 versus a total put value of 121,393,125,000 Combined total value = 121,432,500,000
Strike 172.5 has a total call value of 733,687,500 versus a total put value of 116,525,062,500 Combined total value = 117,258,750,000
Strike 175 has a total call value of 1,428,000,000 versus a total put value of 111,657,000,000 Combined total value = 113,085,000,000
Strike 177.5 has a total call value of 2,122,312,500 versus a total put value of 106,788,937,500 Combined total value = 108,911,250,000
Strike 180 has a total call value of 2,816,625,000 versus a total put value of 101,920,875,000 Combined total value = 104,737,500,000
Strike 182.5 has a total call value of 3,535,875,000 versus a total put value of 97,203,750,000 Combined total value = 100,739,625,000
Strike 185 has a total call value of 4,255,125,000 versus a total put value of 92,486,625,000 Combined total value = 96,741,750,000
Strike 187.5 has a total call value of 4,977,000,000 versus a total put value of 87,769,500,000 Combined total value = 92,746,500,000
Strike 190 has a total call value of 5,698,875,000 versus a total put value of 83,052,375,000 Combined total value = 88,751,250,000
Strike 192.5 has a total call value of 6,431,250,000 versus a total put value of 78,524,250,000 Combined total value = 84,955,500,000
Strike 195 has a total call value of 7,163,625,000 versus a total put value of 73,996,125,000 Combined total value = 81,159,750,000
Strike 197.5 has a total call value of 7,896,000,000 versus a total put value of 69,468,000,000 Combined total value = 77,364,000,000
Strike 200 has a total call value of 8,628,375,000 versus a total put value of 64,951,687,500 Combined total value = 73,580,062,500
Strike 202.5 has a total call value of 9,474,937,500 versus a total put value of 60,768,750,000 Combined total value = 70,243,687,500
Strike 205 has a total call value of 10,321,500,000 versus a total put value of 56,585,812,500 Combined total value = 66,907,312,500
Strike 207.5 has a total call value of 11,173,312,500 versus a total put value of 52,458,000,000 Combined total value = 63,631,312,500
Strike 210 has a total call value of 12,025,125,000 versus a total put value of 48,330,187,500 Combined total value = 60,355,312,500
Strike 212.5 has a total call value of 12,939,937,500 versus a total put value of 44,457,000,000 Combined total value = 57,396,937,500
Strike 215 has a total call value of 13,854,750,000 versus a total put value of 40,583,812,500 Combined total value = 54,438,562,500
Strike 217.5 has a total call value of 14,797,125,000 versus a total put value of 36,818,250,000 Combined total value = 51,615,375,000
Strike 220 has a total call value of 15,739,500,000 versus a total put value of 33,081,562,500 Combined total value = 48,821,062,500
Strike 222.5 has a total call value of 16,794,750,000 versus a total put value of 29,760,937,500 Combined total value = 46,555,687,500
Strike 225 has a total call value of 17,850,000,000 versus a total put value of 26,469,187,500 Combined total value = 44,319,187,500
Strike 227.5 has a total call value of 19,032,562,500 versus a total put value of 23,489,812,500 Combined total value = 42,522,375,000
Strike 230 has a total call value of 20,251,875,000 versus a total put value of 20,549,812,500 Combined total value = 40,801,687,500
Strike 232.5 has a total call value of 21,703,500,000 versus a total put value of 18,073,125,000 Combined total value = 39,776,625,000
Strike 235 has a total call value of 23,212,875,000 versus a total put value of 15,664,687,500 Combined total value = 38,877,562,500
Strike 237.5 has a total call value of 24,934,875,000 versus a total put value of 13,659,187,500 Combined total value = 38,594,062,500
Strike 240 has a total call value of 26,792,062,500 versus a total put value of 11,746,875,000 Combined total value = 38,538,937,500
Strike 242.5 has a total call value of 29,067,937,500 versus a total put value of 10,213,875,000 Combined total value = 39,281,812,500
Strike 245 has a total call value of 31,377,937,500 versus a total put value of 8,709,750,000 Combined total value = 40,087,687,500
Strike 247.5 has a total call value of 33,798,187,500 versus a total put value of 7,309,312,500 Combined total value = 41,107,500,000
Strike 250 has a total call value of 36,268,312,500 versus a total put value of 5,957,437,500 Combined total value = 42,225,750,000
Strike 252.5 has a total call value of 39,082,312,500 versus a total put value of 4,933,687,500 Combined total value = 44,016,000,000
Strike 255 has a total call value of 41,967,187,500 versus a total put value of 3,991,312,500 Combined total value = 45,958,500,000
Strike 257.5 has a total call value of 45,080,437,500 versus a total put value of 3,132,937,500 Combined total value = 48,213,375,000
Strike 260 has a total call value of 48,255,375,000 versus a total put value of 2,327,062,500 Combined total value = 50,582,437,500
Strike 262.5 has a total call value of 52,446,187,500 versus a total put value of 1,794,187,500 Combined total value = 54,240,375,000
Strike 265 has a total call value of 56,724,937,500 versus a total put value of 1,303,312,500 Combined total value = 58,028,250,000
Strike 267.5 has a total call value of 61,447,312,500 versus a total put value of 945,000,000 Combined total value = 62,392,312,500
Strike 270 has a total call value of 66,236,625,000 versus a total put value of 586,687,500 Combined total value = 66,823,312,500
Strike 272.5 has a total call value of 71,768,812,500 versus a total put value of 375,375,000 Combined total value = 72,144,187,500
Strike 275 has a total call value of 77,377,125,000 versus a total put value of 178,500,000 Combined total value = 77,555,625,000
Strike 277.5 has a total call value of 83,245,312,500 versus a total put value of 89,250,000 Combined total value = 83,334,562,500
Strike 280 has a total call value of 89,205,375,000 versus a total put value of 0 Combined total value = 89,205,375,000
Strike 282.5 has a total call value of 95,811,187,500 versus a total put value of 0 Combined total value = 95,811,187,500
Strike 285 has a total call value of 102,466,875,000 versus a total put value of 0 Combined total value = 102,466,875,000
Strike 287.5 has a total call value of 109,343,062,500 versus a total put value of 0 Combined total value = 109,343,062,500
Strike 290 has a total call value of 116,275,687,500 versus a total put value of 0 Combined total value = 116,275,687,500
Strike 292.5 has a total call value of 123,734,625,000 versus a total put value of 0 Combined total value = 123,734,625,000
Strike 295 has a total call value of 131,193,562,500 versus a total put value of 0 Combined total value = 131,193,562,500
Strike 297.5 has a total call value of 138,888,750,000 versus a total put value of 0 Combined total value = 138,888,750,000
Strike 300 has a total call value of 146,583,937,500 versus a total put value of 0 Combined total value = 146,583,937,500
Strike 302.5 has a total call value of 154,901,250,000 versus a total put value of 0 Combined total value = 154,901,250,000
Strike 305 has a total call value of 163,218,562,500 versus a total put value of 0 Combined total value = 163,218,562,500
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.