BPCL
BHARAT PETROLEUM CORP LT
Max pain for BPCL
28 Mar 2024 03:46 PM IST
Max Pain for BPCL is 590
Strike 380 has a total call value of 0 versus a total put value of 135,159,300,000 Combined total value = 135,159,300,000
Strike 385 has a total call value of 183,600,000 versus a total put value of 131,698,800,000 Combined total value = 131,882,400,000
Strike 390 has a total call value of 397,800,000 versus a total put value of 128,238,300,000 Combined total value = 128,636,100,000
Strike 395 has a total call value of 634,500,000 versus a total put value of 124,777,800,000 Combined total value = 125,412,300,000
Strike 400 has a total call value of 871,200,000 versus a total put value of 121,317,300,000 Combined total value = 122,188,500,000
Strike 405 has a total call value of 1,124,100,000 versus a total put value of 117,856,800,000 Combined total value = 118,980,900,000
Strike 410 has a total call value of 1,377,000,000 versus a total put value of 114,396,300,000 Combined total value = 115,773,300,000
Strike 415 has a total call value of 1,629,900,000 versus a total put value of 110,935,800,000 Combined total value = 112,565,700,000
Strike 420 has a total call value of 1,882,800,000 versus a total put value of 107,475,300,000 Combined total value = 109,358,100,000
Strike 425 has a total call value of 2,135,700,000 versus a total put value of 104,014,800,000 Combined total value = 106,150,500,000
Strike 430 has a total call value of 2,388,600,000 versus a total put value of 100,554,300,000 Combined total value = 102,942,900,000
Strike 435 has a total call value of 2,641,500,000 versus a total put value of 97,093,800,000 Combined total value = 99,735,300,000
Strike 440 has a total call value of 2,894,400,000 versus a total put value of 93,633,300,000 Combined total value = 96,527,700,000
Strike 445 has a total call value of 3,147,300,000 versus a total put value of 90,172,800,000 Combined total value = 93,320,100,000
Strike 450 has a total call value of 3,400,200,000 versus a total put value of 86,712,300,000 Combined total value = 90,112,500,000
Strike 455 has a total call value of 3,653,100,000 versus a total put value of 83,251,800,000 Combined total value = 86,904,900,000
Strike 460 has a total call value of 3,906,000,000 versus a total put value of 79,791,300,000 Combined total value = 83,697,300,000
Strike 465 has a total call value of 4,158,900,000 versus a total put value of 76,330,800,000 Combined total value = 80,489,700,000
Strike 470 has a total call value of 4,411,800,000 versus a total put value of 72,870,300,000 Combined total value = 77,282,100,000
Strike 475 has a total call value of 4,664,700,000 versus a total put value of 69,409,800,000 Combined total value = 74,074,500,000
Strike 480 has a total call value of 4,917,600,000 versus a total put value of 65,949,300,000 Combined total value = 70,866,900,000
Strike 485 has a total call value of 5,175,900,000 versus a total put value of 62,548,200,000 Combined total value = 67,724,100,000
Strike 490 has a total call value of 5,434,200,000 versus a total put value of 59,147,100,000 Combined total value = 64,581,300,000
Strike 495 has a total call value of 5,692,500,000 versus a total put value of 55,746,000,000 Combined total value = 61,438,500,000
Strike 500 has a total call value of 5,950,800,000 versus a total put value of 52,344,900,000 Combined total value = 58,295,700,000
Strike 505 has a total call value of 6,239,700,000 versus a total put value of 49,313,700,000 Combined total value = 55,553,400,000
Strike 510 has a total call value of 6,528,600,000 versus a total put value of 46,282,500,000 Combined total value = 52,811,100,000
Strike 515 has a total call value of 6,818,400,000 versus a total put value of 43,302,600,000 Combined total value = 50,121,000,000
Strike 520 has a total call value of 7,108,200,000 versus a total put value of 40,322,700,000 Combined total value = 47,430,900,000
Strike 525 has a total call value of 7,403,400,000 versus a total put value of 37,420,200,000 Combined total value = 44,823,600,000
Strike 530 has a total call value of 7,698,600,000 versus a total put value of 34,517,700,000 Combined total value = 42,216,300,000
Strike 535 has a total call value of 7,997,400,000 versus a total put value of 31,758,300,000 Combined total value = 39,755,700,000
Strike 540 has a total call value of 8,296,200,000 versus a total put value of 29,025,900,000 Combined total value = 37,322,100,000
Strike 545 has a total call value of 8,595,000,000 versus a total put value of 26,379,900,000 Combined total value = 34,974,900,000
Strike 550 has a total call value of 8,893,800,000 versus a total put value of 23,772,600,000 Combined total value = 32,666,400,000
Strike 555 has a total call value of 9,272,700,000 versus a total put value of 21,395,700,000 Combined total value = 30,668,400,000
Strike 560 has a total call value of 9,651,600,000 versus a total put value of 19,078,200,000 Combined total value = 28,729,800,000
Strike 565 has a total call value of 10,099,800,000 versus a total put value of 17,131,500,000 Combined total value = 27,231,300,000
Strike 570 has a total call value of 10,610,100,000 versus a total put value of 15,236,100,000 Combined total value = 25,846,200,000
Strike 575 has a total call value of 11,245,500,000 versus a total put value of 13,491,900,000 Combined total value = 24,737,400,000
Strike 580 has a total call value of 11,959,200,000 versus a total put value of 11,854,800,000 Combined total value = 23,814,000,000
Strike 585 has a total call value of 12,735,000,000 versus a total put value of 10,385,100,000 Combined total value = 23,120,100,000
Strike 590 has a total call value of 13,540,500,000 versus a total put value of 9,013,500,000 Combined total value = 22,554,000,000
Strike 595 has a total call value of 14,839,200,000 versus a total put value of 7,851,600,000 Combined total value = 22,690,800,000
Strike 600 has a total call value of 16,218,000,000 versus a total put value of 6,795,900,000 Combined total value = 23,013,900,000
Strike 605 has a total call value of 17,773,200,000 versus a total put value of 5,945,400,000 Combined total value = 23,718,600,000
Strike 610 has a total call value of 19,387,800,000 versus a total put value of 5,135,400,000 Combined total value = 24,523,200,000
Strike 615 has a total call value of 21,153,600,000 versus a total put value of 4,422,600,000 Combined total value = 25,576,200,000
Strike 620 has a total call value of 22,977,000,000 versus a total put value of 3,737,700,000 Combined total value = 26,714,700,000
Strike 625 has a total call value of 25,560,900,000 versus a total put value of 3,190,500,000 Combined total value = 28,751,400,000
Strike 630 has a total call value of 28,288,800,000 versus a total put value of 2,709,900,000 Combined total value = 30,998,700,000
Strike 635 has a total call value of 31,360,500,000 versus a total put value of 2,279,700,000 Combined total value = 33,640,200,000
Strike 640 has a total call value of 34,542,000,000 versus a total put value of 1,871,100,000 Combined total value = 36,413,100,000
Strike 645 has a total call value of 38,263,500,000 versus a total put value of 1,614,600,000 Combined total value = 39,878,100,000
Strike 650 has a total call value of 42,071,400,000 versus a total put value of 1,386,000,000 Combined total value = 43,457,400,000
Strike 655 has a total call value of 46,929,600,000 versus a total put value of 1,204,200,000 Combined total value = 48,133,800,000
Strike 660 has a total call value of 51,849,900,000 versus a total put value of 1,022,400,000 Combined total value = 52,872,300,000
Strike 665 has a total call value of 56,985,300,000 versus a total put value of 870,300,000 Combined total value = 57,855,600,000
Strike 670 has a total call value of 62,120,700,000 versus a total put value of 718,200,000 Combined total value = 62,838,900,000
Strike 675 has a total call value of 67,398,300,000 versus a total put value of 598,500,000 Combined total value = 67,996,800,000
Strike 680 has a total call value of 72,710,100,000 versus a total put value of 478,800,000 Combined total value = 73,188,900,000
Strike 685 has a total call value of 78,327,000,000 versus a total put value of 359,100,000 Combined total value = 78,686,100,000
Strike 690 has a total call value of 84,010,500,000 versus a total put value of 239,400,000 Combined total value = 84,249,900,000
Strike 695 has a total call value of 89,769,600,000 versus a total put value of 119,700,000 Combined total value = 89,889,300,000
Strike 700 has a total call value of 95,553,900,000 versus a total put value of 0 Combined total value = 95,553,900,000
Strike 705 has a total call value of 101,861,100,000 versus a total put value of 0 Combined total value = 101,861,100,000
Strike 710 has a total call value of 108,190,800,000 versus a total put value of 0 Combined total value = 108,190,800,000
Strike 715 has a total call value of 114,551,100,000 versus a total put value of 0 Combined total value = 114,551,100,000
Strike 720 has a total call value of 120,911,400,000 versus a total put value of 0 Combined total value = 120,911,400,000
Strike 725 has a total call value of 127,438,200,000 versus a total put value of 0 Combined total value = 127,438,200,000
Strike 730 has a total call value of 133,965,000,000 versus a total put value of 0 Combined total value = 133,965,000,000
Strike 735 has a total call value of 140,537,700,000 versus a total put value of 0 Combined total value = 140,537,700,000
Strike 740 has a total call value of 147,126,600,000 versus a total put value of 0 Combined total value = 147,126,600,000
Strike 745 has a total call value of 153,777,600,000 versus a total put value of 0 Combined total value = 153,777,600,000
Strike 750 has a total call value of 160,428,600,000 versus a total put value of 0 Combined total value = 160,428,600,000
Strike 755 has a total call value of 167,549,400,000 versus a total put value of 0 Combined total value = 167,549,400,000
Strike 760 has a total call value of 174,670,200,000 versus a total put value of 0 Combined total value = 174,670,200,000
Max Pain - Choose a symbol
Index
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B
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E
G
H
I
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L
M
N
O
P
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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.