BPCL
Bharat Petroleum Corp Lt
Max pain for BPCL
21 Nov 2024 02:02 PM IST
Max Pain for BPCL is 300
Strike 250 has a total call value of 0 versus a total put value of 70,375,500,000 Combined total value = 70,375,500,000
Strike 255 has a total call value of 0 versus a total put value of 61,995,600,000 Combined total value = 61,995,600,000
Strike 260 has a total call value of 0 versus a total put value of 53,615,700,000 Combined total value = 53,615,700,000
Strike 265 has a total call value of 0 versus a total put value of 45,638,100,000 Combined total value = 45,638,100,000
Strike 270 has a total call value of 31,500,000 versus a total put value of 38,209,500,000 Combined total value = 38,241,000,000
Strike 275 has a total call value of 171,900,000 versus a total put value of 31,274,100,000 Combined total value = 31,446,000,000
Strike 280 has a total call value of 474,300,000 versus a total put value of 24,882,300,000 Combined total value = 25,356,600,000
Strike 285 has a total call value of 1,133,100,000 versus a total put value of 19,971,900,000 Combined total value = 21,105,000,000
Strike 290 has a total call value of 2,256,300,000 versus a total put value of 15,656,400,000 Combined total value = 17,912,700,000
Strike 295 has a total call value of 4,358,700,000 versus a total put value of 12,534,300,000 Combined total value = 16,893,000,000
Strike 300 has a total call value of 7,155,000,000 versus a total put value of 9,669,600,000 Combined total value = 16,824,600,000
Strike 305 has a total call value of 11,837,700,000 versus a total put value of 7,669,800,000 Combined total value = 19,507,500,000
Strike 310 has a total call value of 17,398,800,000 versus a total put value of 5,877,000,000 Combined total value = 23,275,800,000
Strike 315 has a total call value of 24,203,700,000 versus a total put value of 4,399,200,000 Combined total value = 28,602,900,000
Strike 320 has a total call value of 31,986,000,000 versus a total put value of 3,107,700,000 Combined total value = 35,093,700,000
Strike 325 has a total call value of 41,964,300,000 versus a total put value of 2,192,400,000 Combined total value = 44,156,700,000
Strike 330 has a total call value of 53,631,000,000 versus a total put value of 1,504,800,000 Combined total value = 55,135,800,000
Strike 335 has a total call value of 66,296,700,000 versus a total put value of 999,900,000 Combined total value = 67,296,600,000
Strike 340 has a total call value of 79,243,200,000 versus a total put value of 495,000,000 Combined total value = 79,738,200,000
Strike 345 has a total call value of 92,970,000,000 versus a total put value of 311,400,000 Combined total value = 93,281,400,000
Strike 350 has a total call value of 106,911,000,000 versus a total put value of 127,800,000 Combined total value = 107,038,800,000
Strike 355 has a total call value of 121,614,300,000 versus a total put value of 63,900,000 Combined total value = 121,678,200,000
Strike 360 has a total call value of 136,317,600,000 versus a total put value of 0 Combined total value = 136,317,600,000
Strike 365 has a total call value of 151,403,400,000 versus a total put value of 0 Combined total value = 151,403,400,000
Strike 370 has a total call value of 166,536,000,000 versus a total put value of 0 Combined total value = 166,536,000,000
Strike 375 has a total call value of 181,909,800,000 versus a total put value of 0 Combined total value = 181,909,800,000
Strike 380 has a total call value of 197,283,600,000 versus a total put value of 0 Combined total value = 197,283,600,000
Strike 385 has a total call value of 212,754,600,000 versus a total put value of 0 Combined total value = 212,754,600,000
Strike 390 has a total call value of 228,225,600,000 versus a total put value of 0 Combined total value = 228,225,600,000
Strike 395 has a total call value of 243,795,600,000 versus a total put value of 0 Combined total value = 243,795,600,000
Strike 400 has a total call value of 259,365,600,000 versus a total put value of 0 Combined total value = 259,365,600,000
Strike 405 has a total call value of 275,084,100,000 versus a total put value of 0 Combined total value = 275,084,100,000
Strike 410 has a total call value of 290,802,600,000 versus a total put value of 0 Combined total value = 290,802,600,000
Strike 415 has a total call value of 306,521,100,000 versus a total put value of 0 Combined total value = 306,521,100,000
Strike 420 has a total call value of 322,239,600,000 versus a total put value of 0 Combined total value = 322,239,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6766.95 | 7000 |
| ABBOTINDIA | 26956.55 | 28000 |
| ABCAPITAL | 184 | 200 |
| ABFRL | 285.9 | 300 |
| ACC | 2034.5 | 2240 |
| ADANIENT | 2290.25 | 2640 |
| ADANIPORTS | 1134.1 | 1200 |
| ALKEM | 5566.45 | 5500 |
| AMBUJACEM | 497 | 540 |
| APOLLOHOSP | 6722.2 | 6900 |
| APOLLOTYRE | 484 | 480 |
| ASHOKLEY | 217.52 | 220 |
| ASIANPAINT | 2429 | 2540 |
| ASTRAL | 1713.1 | 1780 |
| ATUL | 7246.65 | 7500 |
| AUBANK | 593.4 | 590 |
| AUROPHARMA | 1218.2 | 1300 |
| AXISBANK | 1141.65 | 1150 |
| BAJAJ-AUTO | 9490.65 | 9700 |
| BAJAJFINSV | 1574.35 | 1620 |
| BAJFINANCE | 6493.35 | 6700 |
| BALKRISIND | 2741.55 | 2800 |
| BANDHANBNK | 166.64 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1280.95 | 1310 |
| BEL | 274.9 | 285 |
| BERGEPAINT | 466.55 | 495 |
| BHARATFORG | 1295.6 | 1340 |
| BHARTIARTL | 1521.9 | 1560 |
| BHEL | 228 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34078.05 | 34000 |
| BPCL | 282.15 | 300 |
| BRITANNIA | 4772.95 | 5000 |
| BSOFT | 544.8 | 560 |
| CANBK | 94.92 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.8 | 480 |
| CHOLAFIN | 1210.3 | 1240 |
| CIPLA | 1456.75 | 1520 |
| COALINDIA | 405.35 | 425 |
| COFORGE | 8208.75 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 768.5 | 810 |
| COROMANDEL | 1776 | 1720 |
| CROMPTON | 381.8 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3291.65 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1776.2 | 1760 |
| DEEPAKNTR | 2622.7 | 2650 |
| DIVISLAB | 5950.55 | 5900 |
| DIXON | 15032.6 | 14750 |
| DLF | 776.7 | 780 |
| DRREDDY | 1193.35 | 1220 |
| EICHERMOT | 4911.4 | 4900 |
| ESCORTS | 3460.5 | 3600 |
| EXIDEIND | 415.75 | 440 |
| FEDERALBNK | 210.89 | 205 |
| GAIL | 188.72 | 197.5 |
| GLENMARK | 1463.85 | 1520 |
| GMRINFRA | 76.94 | 82 |
| GNFC | 557.1 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2715.1 | 2750 |
| GRANULES | 544.85 | 580 |
| GRASIM | 2541.75 | 2540 |
| GUJGASLTD | 453.75 | 480 |
| HAL | 3993.9 | 4200 |
| HAVELLS | 1631.25 | 1640 |
| HCLTECH | 1831.15 | 1820 |
| HDFCAMC | 4209.8 | 4300 |
| HDFCBANK | 1743.05 | 1740 |
| HDFCLIFE | 673.65 | 680 |
| HEROMOTOCO | 4752.85 | 4800 |
| HINDALCO | 646.05 | 650 |
| HINDCOPPER | 263.6 | 290 |
| HINDPETRO | 360.2 | 375 |
| HINDUNILVR | 2379.25 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1819.45 | 1880 |
| ICICIPRULI | 680.05 | 690 |
| IDEA | 6.97 | 8 |
| IDFCFIRSTB | 63.17 | 66 |
| IEX | 161.6 | 170 |
| IGL | 311.1 | 330 |
| INDHOTEL | 790.9 | 760 |
| INDIAMART | 2249.95 | 2400 |
| INDIGO | 4060.3 | 4000 |
| INDUSINDBK | 975 | 1040 |
| INDUSTOWER | 330.6 | 340 |
| INFY | 1827.2 | 1800 |
| IOC | 131.1 | 140 |
| IPCALAB | 1566.95 | 1560 |
| IRCTC | 797 | 820 |
| ITC | 455.95 | 475 |
| JINDALSTEL | 875.05 | 900 |
| JKCEMENT | 4006.15 | 4000 |
| JSWSTEEL | 942.75 | 960 |
| JUBLFOOD | 611.2 | 620 |
| KOTAKBANK | 1735.5 | 1760 |
| LALPATHLAB | 3019.95 | 3100 |
| LAURUSLABS | 487.95 | 490 |
| LICHSGFIN | 611.95 | 630 |
| LT | 3493 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.05 | 5900 |
| LTTS | 5166 | 5150 |
| LUPIN | 2037.85 | 2100 |
| M&M | 2944.85 | 2900 |
| M&MFIN | 257.2 | 265 |
| MANAPPURAM | 150.9 | 155 |
| MARICO | 590.2 | 600 |
| MARUTI | 10912 | 11000 |
| MCX | 6187.05 | 6200 |
| METROPOLIS | 2010 | 2060 |
| MFSL | 1175.45 | 1200 |
| MGL | 1115.45 | 1160 |
| MOTHERSON | 161.7 | 175 |
| MPHASIS | 2774.6 | 2850 |
| MRF | 123095.85 | 122500 |
| MUTHOOTFIN | 1909 | 1880 |
| NATIONALUM | 249.25 | 240 |
| NAUKRI | 7521.65 | 7700 |
| NAVINFLUOR | 3266 | 3400 |
| NESTLEIND | 2205 | 2280 |
| NMDC | 218.56 | 225 |
| NTPC | 356.25 | 370 |
| OBEROIRLTY | 1933.05 | 1960 |
| OFSS | 11139.95 | 11500 |
| ONGC | 242 | 250 |
| PAGEIND | 44568.45 | 45500 |
| PEL | 1053.3 | 1060 |
| PERSISTENT | 5733.7 | 5600 |
| PETRONET | 320.85 | 328 |
| PFC | 452.5 | 460 |
| PIDILITIND | 2942.7 | 3060 |
| PIIND | 4131.85 | 4200 |
| PNB | 96.97 | 102 |
| POLYCAB | 6427.1 | 6500 |
| POWERGRID | 322 | 320 |
| PVRINOX | 1444.9 | 1500 |
| RAMCOCEM | 918.1 | 900 |
| RBLBANK | 158.5 | 160 |
| RECLTD | 489.9 | 510 |
| RELIANCE | 1219.95 | 1290 |
| SAIL | 111.16 | 115 |
| SBICARD | 674.05 | 690 |
| SBILIFE | 1483.75 | 1520 |
| SBIN | 781.85 | 800 |
| SHREECEM | 24279 | 24500 |
| SHRIRAMFIN | 2802.1 | 2900 |
| SIEMENS | 6684.9 | 6800 |
| SRF | 2154.8 | 2260 |
| SUNPHARMA | 1764.95 | 1800 |
| SUNTV | 727.8 | 730 |
| SYNGENE | 842.75 | 870 |
| TATACHEM | 1057.85 | 1100 |
| TATACOMM | 1712.15 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 778.25 | 800 |
| TATAPOWER | 410.05 | 420 |
| TATASTEEL | 140.52 | 145 |
| TCS | 4052.55 | 4100 |
| TECHM | 1697.6 | 1680 |
| TITAN | 3164.85 | 3200 |
| TORNTPHARM | 3092.2 | 3150 |
| TRENT | 6460 | 6600 |
| TVSMOTOR | 2399.45 | 2450 |
| UBL | 1819.45 | 1880 |
| ULTRACEMCO | 10924 | 11000 |
| UNITDSPR | 1490.8 | 1480 |
| UPL | 563.7 | 540 |
| VEDL | 442.7 | 460 |
| VOLTAS | 1673.75 | 1700 |
| WIPRO | 556.8 | 560 |
| ZYDUSLIFE | 940.1 | 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.
