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HAL
HINDUSTAN AERONAUTICS LTD

3751.3 74.15 (2.02%)

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



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:
  1. Find the difference between stock price and strike price
  2. Multiply the result by open interest at that strike
  3. Add together the dollar value for the put and call at that strike
  4. Repeat for each strike price
  5. 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.