BHEL
BHEL
Max pain for BHEL
19 Apr 2024 04:15 PM IST
Max Pain for BHEL is 255
Strike 182.5 has a total call value of 0 versus a total put value of 148,484,437,500 Combined total value = 148,484,437,500
Strike 185 has a total call value of 5,250,000 versus a total put value of 142,093,875,000 Combined total value = 142,099,125,000
Strike 187.5 has a total call value of 10,500,000 versus a total put value of 135,703,312,500 Combined total value = 135,713,812,500
Strike 190 has a total call value of 15,750,000 versus a total put value of 129,312,750,000 Combined total value = 129,328,500,000
Strike 192.5 has a total call value of 21,000,000 versus a total put value of 122,922,187,500 Combined total value = 122,943,187,500
Strike 195 has a total call value of 26,250,000 versus a total put value of 116,531,625,000 Combined total value = 116,557,875,000
Strike 197.5 has a total call value of 31,500,000 versus a total put value of 110,141,062,500 Combined total value = 110,172,562,500
Strike 200 has a total call value of 36,750,000 versus a total put value of 103,750,500,000 Combined total value = 103,787,250,000
Strike 202.5 has a total call value of 111,562,500 versus a total put value of 97,689,375,000 Combined total value = 97,800,937,500
Strike 205 has a total call value of 186,375,000 versus a total put value of 91,628,250,000 Combined total value = 91,814,625,000
Strike 207.5 has a total call value of 261,187,500 versus a total put value of 85,567,125,000 Combined total value = 85,828,312,500
Strike 210 has a total call value of 336,000,000 versus a total put value of 79,506,000,000 Combined total value = 79,842,000,000
Strike 212.5 has a total call value of 460,687,500 versus a total put value of 73,595,812,500 Combined total value = 74,056,500,000
Strike 215 has a total call value of 585,375,000 versus a total put value of 67,707,937,500 Combined total value = 68,293,312,500
Strike 217.5 has a total call value of 710,062,500 versus a total put value of 61,925,062,500 Combined total value = 62,635,125,000
Strike 220 has a total call value of 834,750,000 versus a total put value of 56,151,375,000 Combined total value = 56,986,125,000
Strike 222.5 has a total call value of 1,005,375,000 versus a total put value of 50,784,562,500 Combined total value = 51,789,937,500
Strike 225 has a total call value of 1,176,000,000 versus a total put value of 45,433,500,000 Combined total value = 46,609,500,000
Strike 227.5 has a total call value of 1,346,625,000 versus a total put value of 40,442,062,500 Combined total value = 41,788,687,500
Strike 230 has a total call value of 1,517,250,000 versus a total put value of 35,450,625,000 Combined total value = 36,967,875,000
Strike 232.5 has a total call value of 1,743,000,000 versus a total put value of 30,923,812,500 Combined total value = 32,666,812,500
Strike 235 has a total call value of 1,968,750,000 versus a total put value of 26,449,500,000 Combined total value = 28,418,250,000
Strike 237.5 has a total call value of 2,231,250,000 versus a total put value of 22,262,625,000 Combined total value = 24,493,875,000
Strike 240 has a total call value of 2,500,312,500 versus a total put value of 18,171,562,500 Combined total value = 20,671,875,000
Strike 242.5 has a total call value of 2,947,875,000 versus a total put value of 14,973,000,000 Combined total value = 17,920,875,000
Strike 245 has a total call value of 3,403,312,500 versus a total put value of 11,872,875,000 Combined total value = 15,276,187,500
Strike 247.5 has a total call value of 3,974,250,000 versus a total put value of 9,236,062,500 Combined total value = 13,210,312,500
Strike 250 has a total call value of 4,562,250,000 versus a total put value of 6,689,812,500 Combined total value = 11,252,062,500
Strike 252.5 has a total call value of 5,706,750,000 versus a total put value of 4,961,250,000 Combined total value = 10,668,000,000
Strike 255 has a total call value of 6,916,875,000 versus a total put value of 3,350,812,500 Combined total value = 10,267,687,500
Strike 257.5 has a total call value of 8,579,812,500 versus a total put value of 2,203,687,500 Combined total value = 10,783,500,000
Strike 260 has a total call value of 10,383,187,500 versus a total put value of 1,141,875,000 Combined total value = 11,525,062,500
Strike 262.5 has a total call value of 13,787,812,500 versus a total put value of 790,125,000 Combined total value = 14,577,937,500
Strike 265 has a total call value of 17,360,437,500 versus a total put value of 438,375,000 Combined total value = 17,798,812,500
Strike 267.5 has a total call value of 21,969,937,500 versus a total put value of 275,625,000 Combined total value = 22,245,562,500
Strike 270 has a total call value of 26,733,000,000 versus a total put value of 112,875,000 Combined total value = 26,845,875,000
Strike 272.5 has a total call value of 33,081,562,500 versus a total put value of 86,625,000 Combined total value = 33,168,187,500
Strike 275 has a total call value of 39,497,062,500 versus a total put value of 60,375,000 Combined total value = 39,557,437,500
Strike 277.5 has a total call value of 46,357,500,000 versus a total put value of 43,312,500 Combined total value = 46,400,812,500
Strike 280 has a total call value of 53,242,875,000 versus a total put value of 26,250,000 Combined total value = 53,269,125,000
Strike 282.5 has a total call value of 61,158,562,500 versus a total put value of 21,000,000 Combined total value = 61,179,562,500
Strike 285 has a total call value of 69,158,250,000 versus a total put value of 15,750,000 Combined total value = 69,174,000,000
Strike 287.5 has a total call value of 77,428,312,500 versus a total put value of 10,500,000 Combined total value = 77,438,812,500
Strike 290 has a total call value of 85,711,500,000 versus a total put value of 5,250,000 Combined total value = 85,716,750,000
Strike 292.5 has a total call value of 94,426,500,000 versus a total put value of 3,937,500 Combined total value = 94,430,437,500
Strike 295 has a total call value of 103,159,875,000 versus a total put value of 2,625,000 Combined total value = 103,162,500,000
Strike 300 has a total call value of 120,805,125,000 versus a total put value of 0 Combined total value = 120,805,125,000
Strike 305 has a total call value of 139,986,000,000 versus a total put value of 0 Combined total value = 139,986,000,000
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.