BHEL

Bhel

281.6 +0.10 (0.04%)

L: 279.8 H: 284.5

Max pain for BHEL
14 Nov 2025 04:12 PM IST

Market Closed

Expiry

Max Pain for BHEL is 275

Historical data for BHEL-275-CE

Ltp (275 CE)

10.15 -0.1

Open Interest

353 -4

Historical data for BHEL-275-PE

Ltp (275 PE)

2.15 -0.65

Open Interest

980 -74

Strike 200 has a total call value of 0 versus a total put value of 255,024,000,000 Combined total value = 255,024,000,000

Strike 202.5 has a total call value of 0 versus a total put value of 244,508,906,250 Combined total value = 244,508,906,250

Strike 205 has a total call value of 0 versus a total put value of 233,993,812,500 Combined total value = 233,993,812,500

Strike 207.5 has a total call value of 0 versus a total put value of 223,503,000,000 Combined total value = 223,503,000,000

Strike 210 has a total call value of 0 versus a total put value of 213,012,187,500 Combined total value = 213,012,187,500

Strike 212.5 has a total call value of 0 versus a total put value of 202,521,375,000 Combined total value = 202,521,375,000

Strike 215 has a total call value of 0 versus a total put value of 192,030,562,500 Combined total value = 192,030,562,500

Strike 217.5 has a total call value of 0 versus a total put value of 181,581,750,000 Combined total value = 181,581,750,000

Strike 220 has a total call value of 0 versus a total put value of 171,132,937,500 Combined total value = 171,132,937,500

Strike 222.5 has a total call value of 0 versus a total put value of 160,880,343,750 Combined total value = 160,880,343,750

Strike 225 has a total call value of 0 versus a total put value of 150,627,750,000 Combined total value = 150,627,750,000

Strike 227.5 has a total call value of 0 versus a total put value of 140,515,593,750 Combined total value = 140,515,593,750

Strike 230 has a total call value of 0 versus a total put value of 130,452,000,000 Combined total value = 130,452,000,000

Strike 232.5 has a total call value of 63,656,250 versus a total put value of 120,759,187,500 Combined total value = 120,822,843,750

Strike 235 has a total call value of 127,312,500 versus a total put value of 111,155,625,000 Combined total value = 111,282,937,500

Strike 237.5 has a total call value of 190,968,750 versus a total put value of 101,809,312,500 Combined total value = 102,000,281,250

Strike 240 has a total call value of 254,625,000 versus a total put value of 92,463,000,000 Combined total value = 92,717,625,000

Strike 242.5 has a total call value of 505,968,750 versus a total put value of 83,710,593,750 Combined total value = 84,216,562,500

Strike 245 has a total call value of 757,312,500 versus a total put value of 75,059,250,000 Combined total value = 75,816,562,500

Strike 247.5 has a total call value of 1,144,500,000 versus a total put value of 66,829,218,750 Combined total value = 67,973,718,750

Strike 250 has a total call value of 1,531,687,500 versus a total put value of 58,779,000,000 Combined total value = 60,310,687,500

Strike 252.5 has a total call value of 2,232,562,500 versus a total put value of 51,592,406,250 Combined total value = 53,824,968,750

Strike 255 has a total call value of 3,054,843,750 versus a total put value of 44,603,343,750 Combined total value = 47,658,187,500

Strike 257.5 has a total call value of 4,015,593,750 versus a total put value of 37,992,281,250 Combined total value = 42,007,875,000

Strike 260 has a total call value of 5,041,312,500 versus a total put value of 31,563,000,000 Combined total value = 36,604,312,500

Strike 262.5 has a total call value of 6,409,593,750 versus a total put value of 26,417,343,750 Combined total value = 32,826,937,500

Strike 265 has a total call value of 7,885,500,000 versus a total put value of 21,428,531,250 Combined total value = 29,314,031,250

Strike 267.5 has a total call value of 9,638,343,750 versus a total put value of 17,204,906,250 Combined total value = 26,843,250,000

Strike 270 has a total call value of 11,496,187,500 versus a total put value of 13,211,625,000 Combined total value = 24,707,812,500

Strike 272.5 has a total call value of 13,676,250,000 versus a total put value of 10,110,843,750 Combined total value = 23,787,093,750

Strike 275 has a total call value of 16,000,031,250 versus a total put value of 7,368,375,000 Combined total value = 23,368,406,250

Strike 277.5 has a total call value of 18,555,468,750 versus a total put value of 5,269,031,250 Combined total value = 23,824,500,000

Strike 280 has a total call value of 21,187,687,500 versus a total put value of 3,517,500,000 Combined total value = 24,705,187,500

Strike 282.5 has a total call value of 24,556,218,750 versus a total put value of 2,361,187,500 Combined total value = 26,917,406,250

Strike 285 has a total call value of 28,141,968,750 versus a total put value of 1,374,843,750 Combined total value = 29,516,812,500

Strike 287.5 has a total call value of 32,634,656,250 versus a total put value of 828,843,750 Combined total value = 33,463,500,000

Strike 290 has a total call value of 37,366,218,750 versus a total put value of 411,468,750 Combined total value = 37,777,687,500

Strike 292.5 has a total call value of 43,386,000,000 versus a total put value of 261,843,750 Combined total value = 43,647,843,750

Strike 295 has a total call value of 49,619,062,500 versus a total put value of 147,000,000 Combined total value = 49,766,062,500

Strike 297.5 has a total call value of 56,671,781,250 versus a total put value of 88,593,750 Combined total value = 56,760,375,000

Strike 300 has a total call value of 64,019,812,500 versus a total put value of 30,187,500 Combined total value = 64,050,000,000

Strike 302.5 has a total call value of 72,859,500,000 versus a total put value of 15,093,750 Combined total value = 72,874,593,750

Strike 305 has a total call value of 81,763,500,000 versus a total put value of 0 Combined total value = 81,763,500,000

Strike 307.5 has a total call value of 90,931,312,500 versus a total put value of 0 Combined total value = 90,931,312,500

Strike 310 has a total call value of 100,131,937,500 versus a total put value of 0 Combined total value = 100,131,937,500

Strike 312.5 has a total call value of 109,840,500,000 versus a total put value of 0 Combined total value = 109,840,500,000

Strike 315 has a total call value of 119,572,031,250 versus a total put value of 0 Combined total value = 119,572,031,250

Strike 317.5 has a total call value of 129,342,937,500 versus a total put value of 0 Combined total value = 129,342,937,500

Strike 320 has a total call value of 139,124,343,750 versus a total put value of 0 Combined total value = 139,124,343,750

Strike 322.5 has a total call value of 149,185,968,750 versus a total put value of 0 Combined total value = 149,185,968,750

Strike 325 has a total call value of 159,247,593,750 versus a total put value of 0 Combined total value = 159,247,593,750

Strike 327.5 has a total call value of 169,544,156,250 versus a total put value of 0 Combined total value = 169,544,156,250

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	1065.4	1080
ABB	4952.5	5000
ABCAPITAL	331.4	325
ADANIENSOL	1023.85	1000
ADANIENT	2516.8	2460
ADANIGREEN	1068.8	1080
ADANIPORTS	1512.7	1460
ALKEM	5722.5	5750
AMBER	7376	7300
AMBUJACEM	563.2	570
ANGELONE	2745.3	2650
APLAPOLLO	1763.3	1800
APOLLOHOSP	7420.5	7500
ASHOKLEY	148.26	145
ASIANPAINT	2906.4	2800
ASTRAL	1514	1520
AUBANK	890.6	890
AUROPHARMA	1222.5	1200
AXISBANK	1241.6	1230
BAJAJ-AUTO	8843	8900
BAJAJFINSV	2065.8	2040
BAJFINANCE	1018.5	1020
BANDHANBNK	154.59	160
BANKBARODA	286.75	280
BANKINDIA	146.52	143
BDL	1613.8	1600
BEL	426.85	420
BHARATFORG	1396.7	1360
BHARTIARTL	2100.7	2060
BHEL	281.6	275
BIOCON	411.15	400
BLUESTARCO	1768.4	1800
BOSCHLTD	36955	37000
BPCL	371.15	362.5
BRITANNIA	5803.5	5850
BSE	2827.6	2700
CAMS	3938	3950
CANBK	146.07	140
CDSL	1625.8	1620
CGPOWER	743.5	740
CHOLAFIN	1714.6	1720
CIPLA	1532.1	1530
COALINDIA	386.95	382.25
COFORGE	1799.6	1800
COLPAL	2172.7	2200
CONCOR	518.85	530
CROMPTON	276.15	290
CUMMINSIND	4283.2	4300
CYIENT	1131.6	1160
DABUR	525	510
DALBHARAT	2032.6	2060
DELHIVERY	436.4	435
DIVISLAB	6511.5	6600
DIXON	15419	15500
DLF	764.85	770
DMART	4053.7	4100
DRREDDY	1246	1210
EICHERMOT	6695	6800
ETERNAL	303.75	310
EXIDEIND	381	385
FEDERALBNK	236.26	235
FORTIS	937.7	960
GAIL	183.41	182.5
GLENMARK	1895.6	1900
GMRAIRPORT	95.67	95
GODREJCP	1146.5	1140
GODREJPROP	2195.8	2200
GRASIM	2783.4	2800
HAL	4729.8	4800
HAVELLS	1469.4	1500
HCLTECH	1594.6	1560
HDFCAMC	5413	5500
HDFCBANK	989.6	990
HDFCLIFE	773.7	760
HEROMOTOCO	5538.5	5550
HFCL	75.86	76
HINDALCO	803.65	800
HINDPETRO	481.25	470
HINDUNILVR	2427.7	2460
HINDZINC	487.05	490
HUDCO	227.49	230
ICICIBANK	1373	1380
ICICIGI	2005.1	2020
ICICIPRULI	629.45	610
IDEA	10.94	10
IDFCFIRSTB	80.43	80
IEX	137.55	142.5
IGL	212.66	212.5
IIFL	547.3	540
INDHOTEL	720.8	730
INDIANB	868.45	850
INDIGO	5908.5	5800
INDUSINDBK	848.25	800
INDUSTOWER	412.35	390
INFY	1502.8	1500
INOXWIND	148.69	150
IOC	171.25	165
IRCTC	705.3	710
IREDA	149.61	150
IRFC	121.01	123
ITC	408.15	410
JINDALSTEL	1076.2	1080
JIOFIN	314.9	310
JSWENERGY	528.8	530
JSWSTEEL	1167.8	1170
JUBLFOOD	615.3	600
KALYANKJIL	495.5	500
KAYNES	6332	6500
KEI	4112.8	4100
KFINTECH	1084.1	1100
KOTAKBANK	2079.7	2100
KPITTECH	1222.2	1200
LAURUSLABS	999	960
LICHSGFIN	567.7	580
LICI	909.45	910
LODHA	1209.5	1200
LT	4004.4	3960
LTF	294.15	292.5
LTIM	5809	5700
LUPIN	2055.3	2000
M&M	3698.6	3600
MANAPPURAM	281.15	275
MANKIND	2267.1	2300
MARICO	738.7	730
MARUTI	15684	15700
MAXHEALTH	1103.1	1120
MAZDOCK	2782.1	2800
MCX	9666.5	9400
MFSL	1673.4	1660
MOTHERSON	109.84	108
MPHASIS	2772.1	2800
MUTHOOTFIN	3725.6	3700
NATIONALUM	262.57	260
NAUKRI	1323.5	1360
NBCC	114.14	110
NCC	184.13	190
NESTLEIND	1271.6	1270
NHPC	80.3	82
NMDC	76.55	77
NTPC	328.45	332.5
NUVAMA	7339.5	7300
NYKAA	260.13	255
OBEROIRLTY	1752.4	1740
OFSS	8223.5	8400
OIL	436.85	430
ONGC	247.6	244
PAGEIND	39765	40000
PATANJALI	587.8	585
PAYTM	1299.2	1300
PERSISTENT	6101	6000
PETRONET	273.6	283
PFC	374.6	390
PGEL	578.1	560
PHOENIXLTD	1736.4	1720
PIDILITIND	1459.8	1480
PIIND	3560.5	3600
PNB	122.21	120
PNBHOUSING	915.4	910
POLICYBZR	1738.6	1780
POLYCAB	7632	7700
POWERGRID	271.3	280
POWERINDIA	21466	21000
PPLPHARMA	194.03	197.5
PRESTIGE	1744.9	1740
RBLBANK	318.65	320
RECLTD	358.05	370
RELIANCE	1518.9	1500
RVNL	321.05	320
SAIL	141.99	140
SAMMAANCAP	176.14	180
SBICARD	874.95	890
SBILIFE	2000.9	1980
SBIN	967.85	955
SHREECEM	26700	27250
SHRIRAMFIN	809.3	800
SIEMENS	3084.2	3100
SOLARINDS	13880	14000
SONACOMS	485.6	485
SRF	2839.1	2900
SUNPHARMA	1757.1	1720
SUPREMEIND	3709.8	3800
SUZLON	57.68	58
SYNGENE	654.4	650
TATACONSUM	1157.8	1160
TATAELXSI	5266.5	5300
TATAMOTORS	0	320
TATAPOWER	388.4	395
TATASTEEL	174.26	177.5
TATATECH	679.85	700
TCS	3106	3100
TECHM	1439.2	1460
TIINDIA	3067.6	3000
TITAGARH	866.45	880
TITAN	3829.2	3780
TMPV	391.2	400
TORNTPHARM	3831.8	3800
TORNTPOWER	1301	1300
TRENT	4391.2	4500
TVSMOTOR	3386.5	3500
ULTRACEMCO	11874	12000
UNIONBANK	152.76	150
UNITDSPR	1429.4	1420
UNOMINDA	1307.2	1280
UPL	758.6	740
VBL	459.4	465
VEDL	525.35	515
VOLTAS	1350.9	1340
WIPRO	244.37	245
YESBANK	22.5	23
ZYDUSLIFE	944.45	960

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.

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