BPCL
Bharat Petroleum Corp Lt
Max pain for BPCL
29 Oct 2024 04:12 PM IST
Max Pain for BPCL is 325
Strike 260 has a total call value of 0 versus a total put value of 109,017,720,000 Combined total value = 109,017,720,000
Strike 265 has a total call value of 0 versus a total put value of 100,896,120,000 Combined total value = 100,896,120,000
Strike 270 has a total call value of 0 versus a total put value of 92,774,520,000 Combined total value = 92,774,520,000
Strike 275 has a total call value of 0 versus a total put value of 84,733,920,000 Combined total value = 84,733,920,000
Strike 280 has a total call value of 0 versus a total put value of 76,693,320,000 Combined total value = 76,693,320,000
Strike 285 has a total call value of 33,300,000 versus a total put value of 68,832,720,000 Combined total value = 68,866,020,000
Strike 289.5 has a total call value of 63,270,000 versus a total put value of 61,788,960,000 Combined total value = 61,852,230,000
Strike 290 has a total call value of 67,230,000 versus a total put value of 61,011,630,000 Combined total value = 61,078,860,000
Strike 295 has a total call value of 153,630,000 versus a total put value of 53,613,630,000 Combined total value = 53,767,260,000
Strike 300 has a total call value of 245,430,000 versus a total put value of 46,527,930,000 Combined total value = 46,773,360,000
Strike 305 has a total call value of 587,430,000 versus a total put value of 40,323,330,000 Combined total value = 40,910,760,000
Strike 309.5 has a total call value of 1,079,100,000 versus a total put value of 35,061,570,000 Combined total value = 36,140,670,000
Strike 310 has a total call value of 1,133,730,000 versus a total put value of 34,486,200,000 Combined total value = 35,619,930,000
Strike 315 has a total call value of 2,509,830,000 versus a total put value of 29,720,700,000 Combined total value = 32,230,530,000
Strike 320 has a total call value of 5,069,430,000 versus a total put value of 25,253,100,000 Combined total value = 30,322,530,000
Strike 325 has a total call value of 8,551,530,000 versus a total put value of 21,159,900,000 Combined total value = 29,711,430,000
Strike 330 has a total call value of 12,971,430,000 versus a total put value of 17,378,100,000 Combined total value = 30,349,530,000
Strike 335 has a total call value of 18,296,730,000 versus a total put value of 14,092,200,000 Combined total value = 32,388,930,000
Strike 340 has a total call value of 24,188,130,000 versus a total put value of 11,177,100,000 Combined total value = 35,365,230,000
Strike 345 has a total call value of 31,146,930,000 versus a total put value of 8,787,600,000 Combined total value = 39,934,530,000
Strike 350 has a total call value of 38,906,730,000 versus a total put value of 6,657,300,000 Combined total value = 45,564,030,000
Strike 355 has a total call value of 48,552,030,000 versus a total put value of 5,045,400,000 Combined total value = 53,597,430,000
Strike 360 has a total call value of 58,831,830,000 versus a total put value of 3,643,200,000 Combined total value = 62,475,030,000
Strike 365 has a total call value of 70,161,030,000 versus a total put value of 2,560,500,000 Combined total value = 72,721,530,000
Strike 370 has a total call value of 82,140,930,000 versus a total put value of 1,645,200,000 Combined total value = 83,786,130,000
Strike 375 has a total call value of 95,685,930,000 versus a total put value of 1,022,400,000 Combined total value = 96,708,330,000
Strike 380 has a total call value of 109,618,830,000 versus a total put value of 534,600,000 Combined total value = 110,153,430,000
Strike 385 has a total call value of 125,676,630,000 versus a total put value of 342,900,000 Combined total value = 126,019,530,000
Strike 390 has a total call value of 142,066,530,000 versus a total put value of 151,200,000 Combined total value = 142,217,730,000
Strike 395 has a total call value of 158,456,430,000 versus a total put value of 75,600,000 Combined total value = 158,532,030,000
Strike 400 has a total call value of 175,063,230,000 versus a total put value of 0 Combined total value = 175,063,230,000
Strike 405 has a total call value of 192,480,030,000 versus a total put value of 0 Combined total value = 192,480,030,000
Strike 410 has a total call value of 209,941,830,000 versus a total put value of 0 Combined total value = 209,941,830,000
Strike 415 has a total call value of 227,403,630,000 versus a total put value of 0 Combined total value = 227,403,630,000
Strike 420 has a total call value of 244,865,430,000 versus a total put value of 0 Combined total value = 244,865,430,000
Strike 425 has a total call value of 262,475,730,000 versus a total put value of 0 Combined total value = 262,475,730,000
Strike 430 has a total call value of 280,086,030,000 versus a total put value of 0 Combined total value = 280,086,030,000
Strike 435 has a total call value of 297,696,330,000 versus a total put value of 0 Combined total value = 297,696,330,000
Strike 440 has a total call value of 315,306,630,000 versus a total put value of 0 Combined total value = 315,306,630,000
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.