HAL
HINDUSTAN AERONAUTICS LTD
Max pain for HAL
19 Apr 2024 04:16 PM IST
Max Pain for HAL is 3600
Strike 2560 has a total call value of 0 versus a total put value of 252,296,400,000 Combined total value = 252,296,400,000
Strike 2580 has a total call value of 0 versus a total put value of 246,216,600,000 Combined total value = 246,216,600,000
Strike 2600 has a total call value of 0 versus a total put value of 240,136,800,000 Combined total value = 240,136,800,000
Strike 2620 has a total call value of 0 versus a total put value of 234,082,200,000 Combined total value = 234,082,200,000
Strike 2640 has a total call value of 0 versus a total put value of 228,027,600,000 Combined total value = 228,027,600,000
Strike 2650 has a total call value of 0 versus a total put value of 225,002,700,000 Combined total value = 225,002,700,000
Strike 2660 has a total call value of 0 versus a total put value of 221,977,800,000 Combined total value = 221,977,800,000
Strike 2680 has a total call value of 0 versus a total put value of 215,928,000,000 Combined total value = 215,928,000,000
Strike 2700 has a total call value of 0 versus a total put value of 209,878,200,000 Combined total value = 209,878,200,000
Strike 2720 has a total call value of 19,200,000 versus a total put value of 203,876,400,000 Combined total value = 203,895,600,000
Strike 2740 has a total call value of 38,400,000 versus a total put value of 197,874,600,000 Combined total value = 197,913,000,000
Strike 2750 has a total call value of 48,000,000 versus a total put value of 194,873,700,000 Combined total value = 194,921,700,000
Strike 2760 has a total call value of 57,600,000 versus a total put value of 191,872,800,000 Combined total value = 191,930,400,000
Strike 2780 has a total call value of 76,800,000 versus a total put value of 185,871,000,000 Combined total value = 185,947,800,000
Strike 2800 has a total call value of 96,000,000 versus a total put value of 179,869,200,000 Combined total value = 179,965,200,000
Strike 2820 has a total call value of 115,200,000 versus a total put value of 173,912,400,000 Combined total value = 174,027,600,000
Strike 2840 has a total call value of 134,400,000 versus a total put value of 167,955,600,000 Combined total value = 168,090,000,000
Strike 2850 has a total call value of 144,000,000 versus a total put value of 164,977,200,000 Combined total value = 165,121,200,000
Strike 2860 has a total call value of 153,600,000 versus a total put value of 161,998,800,000 Combined total value = 162,152,400,000
Strike 2880 has a total call value of 174,000,000 versus a total put value of 156,042,000,000 Combined total value = 156,216,000,000
Strike 2900 has a total call value of 194,400,000 versus a total put value of 150,085,200,000 Combined total value = 150,279,600,000
Strike 2920 has a total call value of 240,600,000 versus a total put value of 144,311,400,000 Combined total value = 144,552,000,000
Strike 2940 has a total call value of 286,800,000 versus a total put value of 138,537,600,000 Combined total value = 138,824,400,000
Strike 2950 has a total call value of 309,900,000 versus a total put value of 135,653,400,000 Combined total value = 135,963,300,000
Strike 2960 has a total call value of 333,000,000 versus a total put value of 132,769,200,000 Combined total value = 133,102,200,000
Strike 2980 has a total call value of 379,200,000 versus a total put value of 127,000,800,000 Combined total value = 127,380,000,000
Strike 3000 has a total call value of 425,400,000 versus a total put value of 121,241,400,000 Combined total value = 121,666,800,000
Strike 3020 has a total call value of 523,200,000 versus a total put value of 116,031,000,000 Combined total value = 116,554,200,000
Strike 3040 has a total call value of 621,000,000 versus a total put value of 110,855,400,000 Combined total value = 111,476,400,000
Strike 3050 has a total call value of 670,200,000 versus a total put value of 108,267,600,000 Combined total value = 108,937,800,000
Strike 3060 has a total call value of 719,400,000 versus a total put value of 105,681,600,000 Combined total value = 106,401,000,000
Strike 3080 has a total call value of 817,800,000 versus a total put value of 100,519,200,000 Combined total value = 101,337,000,000
Strike 3100 has a total call value of 916,200,000 versus a total put value of 95,356,800,000 Combined total value = 96,273,000,000
Strike 3120 has a total call value of 1,059,600,000 versus a total put value of 90,463,800,000 Combined total value = 91,523,400,000
Strike 3140 has a total call value of 1,203,000,000 versus a total put value of 85,570,800,000 Combined total value = 86,773,800,000
Strike 3150 has a total call value of 1,274,700,000 versus a total put value of 83,124,300,000 Combined total value = 84,399,000,000
Strike 3160 has a total call value of 1,346,400,000 versus a total put value of 80,738,700,000 Combined total value = 82,085,100,000
Strike 3180 has a total call value of 1,494,000,000 versus a total put value of 75,989,700,000 Combined total value = 77,483,700,000
Strike 3200 has a total call value of 1,641,600,000 versus a total put value of 71,266,500,000 Combined total value = 72,908,100,000
Strike 3220 has a total call value of 1,837,800,000 versus a total put value of 66,865,500,000 Combined total value = 68,703,300,000
Strike 3240 has a total call value of 2,034,000,000 versus a total put value of 62,481,900,000 Combined total value = 64,515,900,000
Strike 3250 has a total call value of 2,132,100,000 versus a total put value of 60,290,100,000 Combined total value = 62,422,200,000
Strike 3260 has a total call value of 2,230,200,000 versus a total put value of 58,108,500,000 Combined total value = 60,338,700,000
Strike 3280 has a total call value of 2,426,400,000 versus a total put value of 53,771,100,000 Combined total value = 56,197,500,000
Strike 3300 has a total call value of 2,622,600,000 versus a total put value of 49,463,700,000 Combined total value = 52,086,300,000
Strike 3320 has a total call value of 2,956,200,000 versus a total put value of 45,666,300,000 Combined total value = 48,622,500,000
Strike 3340 has a total call value of 3,289,800,000 versus a total put value of 41,868,900,000 Combined total value = 45,158,700,000
Strike 3350 has a total call value of 3,472,200,000 versus a total put value of 39,996,600,000 Combined total value = 43,468,800,000
Strike 3360 has a total call value of 3,654,600,000 versus a total put value of 38,148,000,000 Combined total value = 41,802,600,000
Strike 3380 has a total call value of 4,057,800,000 versus a total put value of 34,482,000,000 Combined total value = 38,539,800,000
Strike 3400 has a total call value of 4,473,000,000 versus a total put value of 30,876,000,000 Combined total value = 35,349,000,000
Strike 3420 has a total call value of 5,049,000,000 versus a total put value of 27,886,200,000 Combined total value = 32,935,200,000
Strike 3440 has a total call value of 5,625,000,000 versus a total put value of 24,942,000,000 Combined total value = 30,567,000,000
Strike 3450 has a total call value of 5,923,500,000 versus a total put value of 23,498,700,000 Combined total value = 29,422,200,000
Strike 3460 has a total call value of 6,240,600,000 versus a total put value of 22,102,500,000 Combined total value = 28,343,100,000
Strike 3480 has a total call value of 6,885,000,000 versus a total put value of 19,384,500,000 Combined total value = 26,269,500,000
Strike 3500 has a total call value of 7,538,400,000 versus a total put value of 16,666,500,000 Combined total value = 24,204,900,000
Strike 3520 has a total call value of 8,451,000,000 versus a total put value of 14,643,900,000 Combined total value = 23,094,900,000
Strike 3540 has a total call value of 9,363,600,000 versus a total put value of 12,621,300,000 Combined total value = 21,984,900,000
Strike 3550 has a total call value of 9,823,200,000 versus a total put value of 11,610,000,000 Combined total value = 21,433,200,000
Strike 3560 has a total call value of 10,308,600,000 versus a total put value of 10,698,900,000 Combined total value = 21,007,500,000
Strike 3580 has a total call value of 11,353,200,000 versus a total put value of 8,876,700,000 Combined total value = 20,229,900,000
Strike 3600 has a total call value of 12,441,600,000 versus a total put value of 7,054,500,000 Combined total value = 19,496,100,000
Strike 3620 has a total call value of 13,849,200,000 versus a total put value of 5,854,500,000 Combined total value = 19,703,700,000
Strike 3640 has a total call value of 15,291,000,000 versus a total put value of 4,654,500,000 Combined total value = 19,945,500,000
Strike 3650 has a total call value of 16,029,900,000 versus a total put value of 4,054,500,000 Combined total value = 20,084,400,000
Strike 3660 has a total call value of 16,838,100,000 versus a total put value of 3,560,100,000 Combined total value = 20,398,200,000
Strike 3680 has a total call value of 18,454,500,000 versus a total put value of 2,571,300,000 Combined total value = 21,025,800,000
Strike 3700 has a total call value of 20,177,100,000 versus a total put value of 1,582,500,000 Combined total value = 21,759,600,000
Strike 3720 has a total call value of 22,728,300,000 versus a total put value of 1,175,700,000 Combined total value = 23,904,000,000
Strike 3740 has a total call value of 25,411,500,000 versus a total put value of 768,900,000 Combined total value = 26,180,400,000
Strike 3750 has a total call value of 26,753,100,000 versus a total put value of 565,500,000 Combined total value = 27,318,600,000
Strike 3760 has a total call value of 28,350,600,000 versus a total put value of 465,900,000 Combined total value = 28,816,500,000
Strike 3780 has a total call value of 31,703,400,000 versus a total put value of 266,700,000 Combined total value = 31,970,100,000
Strike 3800 has a total call value of 35,056,200,000 versus a total put value of 67,500,000 Combined total value = 35,123,700,000
Strike 3840 has a total call value of 44,242,200,000 versus a total put value of 42,300,000 Combined total value = 44,284,500,000
Strike 3850 has a total call value of 46,538,700,000 versus a total put value of 36,000,000 Combined total value = 46,574,700,000
Strike 3880 has a total call value of 53,863,800,000 versus a total put value of 21,600,000 Combined total value = 53,885,400,000
Strike 3900 has a total call value of 58,747,200,000 versus a total put value of 12,000,000 Combined total value = 58,759,200,000
Strike 3920 has a total call value of 64,292,400,000 versus a total put value of 9,600,000 Combined total value = 64,302,000,000
Strike 3950 has a total call value of 72,610,200,000 versus a total put value of 6,000,000 Combined total value = 72,616,200,000
Strike 3960 has a total call value of 75,464,700,000 versus a total put value of 4,800,000 Combined total value = 75,469,500,000
Strike 4000 has a total call value of 86,882,700,000 versus a total put value of 0 Combined total value = 86,882,700,000
Strike 4040 has a total call value of 101,607,900,000 versus a total put value of 0 Combined total value = 101,607,900,000
Strike 4050 has a total call value of 105,289,200,000 versus a total put value of 0 Combined total value = 105,289,200,000
Strike 4080 has a total call value of 116,762,400,000 versus a total put value of 0 Combined total value = 116,762,400,000
Strike 4100 has a total call value of 124,411,200,000 versus a total put value of 0 Combined total value = 124,411,200,000
Strike 4120 has a total call value of 132,727,200,000 versus a total put value of 0 Combined total value = 132,727,200,000
Strike 4150 has a total call value of 145,201,200,000 versus a total put value of 0 Combined total value = 145,201,200,000
Strike 4160 has a total call value of 149,359,200,000 versus a total put value of 0 Combined total value = 149,359,200,000
Strike 4200 has a total call value of 165,991,200,000 versus a total put value of 0 Combined total value = 165,991,200,000
Max Pain - Choose a symbol
Index
A
B
C
D
E
G
H
I
J
L
M
N
O
P
R
S
T
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.