BPCL
BHARAT PETROLEUM CORP LT
Max pain for BPCL
19 Mar 2024 03:46 PM IST
Max Pain for BPCL is 585
Strike 450 has a total call value of 0 versus a total put value of 162,077,400,000 Combined total value = 162,077,400,000
Strike 455 has a total call value of 0 versus a total put value of 155,122,200,000 Combined total value = 155,122,200,000
Strike 460 has a total call value of 0 versus a total put value of 148,167,000,000 Combined total value = 148,167,000,000
Strike 465 has a total call value of 0 versus a total put value of 141,211,800,000 Combined total value = 141,211,800,000
Strike 470 has a total call value of 0 versus a total put value of 134,256,600,000 Combined total value = 134,256,600,000
Strike 475 has a total call value of 0 versus a total put value of 127,301,400,000 Combined total value = 127,301,400,000
Strike 480 has a total call value of 0 versus a total put value of 120,346,200,000 Combined total value = 120,346,200,000
Strike 485 has a total call value of 17,100,000 versus a total put value of 113,513,400,000 Combined total value = 113,530,500,000
Strike 490 has a total call value of 34,200,000 versus a total put value of 106,680,600,000 Combined total value = 106,714,800,000
Strike 495 has a total call value of 51,300,000 versus a total put value of 99,864,900,000 Combined total value = 99,916,200,000
Strike 500 has a total call value of 68,400,000 versus a total put value of 93,066,300,000 Combined total value = 93,134,700,000
Strike 505 has a total call value of 167,400,000 versus a total put value of 86,946,300,000 Combined total value = 87,113,700,000
Strike 510 has a total call value of 266,400,000 versus a total put value of 80,863,200,000 Combined total value = 81,129,600,000
Strike 515 has a total call value of 365,400,000 versus a total put value of 74,898,000,000 Combined total value = 75,263,400,000
Strike 520 has a total call value of 464,400,000 versus a total put value of 68,999,400,000 Combined total value = 69,463,800,000
Strike 525 has a total call value of 571,500,000 versus a total put value of 63,344,700,000 Combined total value = 63,916,200,000
Strike 530 has a total call value of 678,600,000 versus a total put value of 57,732,300,000 Combined total value = 58,410,900,000
Strike 535 has a total call value of 791,100,000 versus a total put value of 52,443,000,000 Combined total value = 53,234,100,000
Strike 540 has a total call value of 905,400,000 versus a total put value of 47,246,400,000 Combined total value = 48,151,800,000
Strike 545 has a total call value of 1,032,300,000 versus a total put value of 42,376,500,000 Combined total value = 43,408,800,000
Strike 550 has a total call value of 1,159,200,000 versus a total put value of 37,584,000,000 Combined total value = 38,743,200,000
Strike 555 has a total call value of 1,513,800,000 versus a total put value of 33,745,500,000 Combined total value = 35,259,300,000
Strike 560 has a total call value of 1,887,300,000 versus a total put value of 30,026,700,000 Combined total value = 31,914,000,000
Strike 565 has a total call value of 2,593,800,000 versus a total put value of 26,977,500,000 Combined total value = 29,571,300,000
Strike 570 has a total call value of 3,452,400,000 versus a total put value of 24,047,100,000 Combined total value = 27,499,500,000
Strike 575 has a total call value of 4,762,800,000 versus a total put value of 21,350,700,000 Combined total value = 26,113,500,000
Strike 580 has a total call value of 6,240,600,000 versus a total put value of 18,752,400,000 Combined total value = 24,993,000,000
Strike 585 has a total call value of 8,451,900,000 versus a total put value of 16,499,700,000 Combined total value = 24,951,600,000
Strike 590 has a total call value of 10,981,800,000 versus a total put value of 14,328,000,000 Combined total value = 25,309,800,000
Strike 595 has a total call value of 14,310,000,000 versus a total put value of 12,347,100,000 Combined total value = 26,657,100,000
Strike 600 has a total call value of 17,824,500,000 versus a total put value of 10,411,200,000 Combined total value = 28,235,700,000
Strike 605 has a total call value of 22,560,300,000 versus a total put value of 9,060,300,000 Combined total value = 31,620,600,000
Strike 610 has a total call value of 27,449,100,000 versus a total put value of 7,751,700,000 Combined total value = 35,200,800,000
Strike 615 has a total call value of 32,856,300,000 versus a total put value of 6,546,600,000 Combined total value = 39,402,900,000
Strike 620 has a total call value of 38,482,200,000 versus a total put value of 5,397,300,000 Combined total value = 43,879,500,000
Strike 625 has a total call value of 45,366,300,000 versus a total put value of 4,527,900,000 Combined total value = 49,894,200,000
Strike 630 has a total call value of 52,570,800,000 versus a total put value of 3,758,400,000 Combined total value = 56,329,200,000
Strike 635 has a total call value of 60,659,100,000 versus a total put value of 3,114,900,000 Combined total value = 63,774,000,000
Strike 640 has a total call value of 69,007,500,000 versus a total put value of 2,509,200,000 Combined total value = 71,516,700,000
Strike 645 has a total call value of 78,398,100,000 versus a total put value of 2,145,600,000 Combined total value = 80,543,700,000
Strike 650 has a total call value of 87,972,300,000 versus a total put value of 1,782,000,000 Combined total value = 89,754,300,000
Strike 655 has a total call value of 100,130,400,000 versus a total put value of 1,603,800,000 Combined total value = 101,734,200,000
Strike 660 has a total call value of 112,423,500,000 versus a total put value of 1,425,600,000 Combined total value = 113,849,100,000
Strike 665 has a total call value of 125,219,700,000 versus a total put value of 1,247,400,000 Combined total value = 126,467,100,000
Strike 670 has a total call value of 138,174,300,000 versus a total put value of 1,069,200,000 Combined total value = 139,243,500,000
Strike 675 has a total call value of 151,480,800,000 versus a total put value of 891,000,000 Combined total value = 152,371,800,000
Strike 680 has a total call value of 164,885,400,000 versus a total put value of 712,800,000 Combined total value = 165,598,200,000
Strike 685 has a total call value of 178,817,400,000 versus a total put value of 534,600,000 Combined total value = 179,352,000,000
Strike 690 has a total call value of 192,852,000,000 versus a total put value of 356,400,000 Combined total value = 193,208,400,000
Strike 695 has a total call value of 207,011,700,000 versus a total put value of 178,200,000 Combined total value = 207,189,900,000
Strike 700 has a total call value of 221,211,000,000 versus a total put value of 0 Combined total value = 221,211,000,000
Strike 705 has a total call value of 236,603,700,000 versus a total put value of 0 Combined total value = 236,603,700,000
Strike 710 has a total call value of 252,028,800,000 versus a total put value of 0 Combined total value = 252,028,800,000
Strike 715 has a total call value of 267,513,300,000 versus a total put value of 0 Combined total value = 267,513,300,000
Strike 720 has a total call value of 282,997,800,000 versus a total put value of 0 Combined total value = 282,997,800,000
Strike 725 has a total call value of 298,817,100,000 versus a total put value of 0 Combined total value = 298,817,100,000
Strike 730 has a total call value of 314,698,500,000 versus a total put value of 0 Combined total value = 314,698,500,000
Strike 735 has a total call value of 330,642,900,000 versus a total put value of 0 Combined total value = 330,642,900,000
Strike 740 has a total call value of 346,587,300,000 versus a total put value of 0 Combined total value = 346,587,300,000
Strike 745 has a total call value of 362,655,900,000 versus a total put value of 0 Combined total value = 362,655,900,000
Strike 750 has a total call value of 378,724,500,000 versus a total put value of 0 Combined total value = 378,724,500,000
Strike 755 has a total call value of 395,309,700,000 versus a total put value of 0 Combined total value = 395,309,700,000
Strike 760 has a total call value of 411,894,900,000 versus a total put value of 0 Combined total value = 411,894,900,000
Strike 765 has a total call value of 428,640,300,000 versus a total put value of 0 Combined total value = 428,640,300,000
Strike 770 has a total call value of 445,414,500,000 versus a total put value of 0 Combined total value = 445,414,500,000
Strike 775 has a total call value of 462,273,300,000 versus a total put value of 0 Combined total value = 462,273,300,000
Strike 780 has a total call value of 479,132,100,000 versus a total put value of 0 Combined total value = 479,132,100,000
Max Pain - Choose a symbol
Index
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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.