BPCL
BHARAT PETROLEUM CORP LT
Max pain for BPCL
19 Apr 2024 02:31 PM IST
Max Pain for BPCL is 600
Strike 490 has a total call value of 0 versus a total put value of 102,300,300,000 Combined total value = 102,300,300,000
Strike 495 has a total call value of 0 versus a total put value of 96,156,000,000 Combined total value = 96,156,000,000
Strike 500 has a total call value of 0 versus a total put value of 90,011,700,000 Combined total value = 90,011,700,000
Strike 505 has a total call value of 54,000,000 versus a total put value of 84,189,600,000 Combined total value = 84,243,600,000
Strike 510 has a total call value of 108,000,000 versus a total put value of 78,376,500,000 Combined total value = 78,484,500,000
Strike 515 has a total call value of 162,000,000 versus a total put value of 72,622,800,000 Combined total value = 72,784,800,000
Strike 520 has a total call value of 216,000,000 versus a total put value of 66,904,200,000 Combined total value = 67,120,200,000
Strike 525 has a total call value of 270,900,000 versus a total put value of 61,365,600,000 Combined total value = 61,636,500,000
Strike 530 has a total call value of 325,800,000 versus a total put value of 55,858,500,000 Combined total value = 56,184,300,000
Strike 535 has a total call value of 380,700,000 versus a total put value of 50,544,000,000 Combined total value = 50,924,700,000
Strike 540 has a total call value of 435,600,000 versus a total put value of 45,268,200,000 Combined total value = 45,703,800,000
Strike 545 has a total call value of 495,000,000 versus a total put value of 40,190,400,000 Combined total value = 40,685,400,000
Strike 550 has a total call value of 554,400,000 versus a total put value of 35,177,400,000 Combined total value = 35,731,800,000
Strike 555 has a total call value of 705,600,000 versus a total put value of 30,720,600,000 Combined total value = 31,426,200,000
Strike 560 has a total call value of 856,800,000 versus a total put value of 26,349,300,000 Combined total value = 27,206,100,000
Strike 565 has a total call value of 1,058,400,000 versus a total put value of 22,337,100,000 Combined total value = 23,395,500,000
Strike 570 has a total call value of 1,279,800,000 versus a total put value of 18,465,300,000 Combined total value = 19,745,100,000
Strike 575 has a total call value of 1,654,200,000 versus a total put value of 15,141,600,000 Combined total value = 16,795,800,000
Strike 580 has a total call value of 2,082,600,000 versus a total put value of 11,996,100,000 Combined total value = 14,078,700,000
Strike 585 has a total call value of 2,860,200,000 versus a total put value of 9,546,300,000 Combined total value = 12,406,500,000
Strike 590 has a total call value of 3,733,200,000 versus a total put value of 7,226,100,000 Combined total value = 10,959,300,000
Strike 595 has a total call value of 5,013,000,000 versus a total put value of 5,290,200,000 Combined total value = 10,303,200,000
Strike 600 has a total call value of 6,484,500,000 versus a total put value of 3,465,900,000 Combined total value = 9,950,400,000
Strike 605 has a total call value of 9,239,400,000 versus a total put value of 2,468,700,000 Combined total value = 11,708,100,000
Strike 610 has a total call value of 12,375,900,000 versus a total put value of 1,609,200,000 Combined total value = 13,985,100,000
Strike 615 has a total call value of 16,904,700,000 versus a total put value of 1,073,700,000 Combined total value = 17,978,400,000
Strike 620 has a total call value of 22,311,900,000 versus a total put value of 698,400,000 Combined total value = 23,010,300,000
Strike 625 has a total call value of 30,648,600,000 versus a total put value of 572,400,000 Combined total value = 31,221,000,000
Strike 630 has a total call value of 40,113,000,000 versus a total put value of 446,400,000 Combined total value = 40,559,400,000
Strike 635 has a total call value of 50,464,800,000 versus a total put value of 356,400,000 Combined total value = 50,821,200,000
Strike 640 has a total call value of 61,090,200,000 versus a total put value of 266,400,000 Combined total value = 61,356,600,000
Strike 645 has a total call value of 72,376,200,000 versus a total put value of 176,400,000 Combined total value = 72,552,600,000
Strike 650 has a total call value of 83,779,200,000 versus a total put value of 86,400,000 Combined total value = 83,865,600,000
Strike 655 has a total call value of 96,229,800,000 versus a total put value of 72,000,000 Combined total value = 96,301,800,000
Strike 660 has a total call value of 108,758,700,000 versus a total put value of 57,600,000 Combined total value = 108,816,300,000
Strike 665 has a total call value of 121,581,900,000 versus a total put value of 43,200,000 Combined total value = 121,625,100,000
Strike 670 has a total call value of 134,483,400,000 versus a total put value of 28,800,000 Combined total value = 134,512,200,000
Strike 675 has a total call value of 147,656,700,000 versus a total put value of 14,400,000 Combined total value = 147,671,100,000
Strike 680 has a total call value of 160,863,300,000 versus a total put value of 0 Combined total value = 160,863,300,000
Strike 685 has a total call value of 174,285,000,000 versus a total put value of 0 Combined total value = 174,285,000,000
Strike 690 has a total call value of 187,754,400,000 versus a total put value of 0 Combined total value = 187,754,400,000
Strike 695 has a total call value of 201,366,000,000 versus a total put value of 0 Combined total value = 201,366,000,000
Strike 700 has a total call value of 214,977,600,000 versus a total put value of 0 Combined total value = 214,977,600,000
Strike 705 has a total call value of 229,641,300,000 versus a total put value of 0 Combined total value = 229,641,300,000
Strike 710 has a total call value of 244,305,000,000 versus a total put value of 0 Combined total value = 244,305,000,000
Strike 715 has a total call value of 259,144,200,000 versus a total put value of 0 Combined total value = 259,144,200,000
Strike 720 has a total call value of 273,983,400,000 versus a total put value of 0 Combined total value = 273,983,400,000
Strike 725 has a total call value of 288,940,500,000 versus a total put value of 0 Combined total value = 288,940,500,000
Strike 730 has a total call value of 303,897,600,000 versus a total put value of 0 Combined total value = 303,897,600,000
Strike 735 has a total call value of 318,854,700,000 versus a total put value of 0 Combined total value = 318,854,700,000
Strike 740 has a total call value of 333,811,800,000 versus a total put value of 0 Combined total value = 333,811,800,000
Strike 750 has a total call value of 363,776,400,000 versus a total put value of 0 Combined total value = 363,776,400,000
Max Pain - Choose a symbol
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P
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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.