HEROMOTOCO
HERO MOTOCORP LIMITED
Max pain for HEROMOTOCO
29 Nov 2023 04:16 PM IST
Max Pain for HEROMOTOCO is 3480
Strike 2700 has a total call value of 0 versus a total put value of 246,781,200,000 Combined total value = 246,781,200,000
Strike 2720 has a total call value of 0 versus a total put value of 239,285,400,000 Combined total value = 239,285,400,000
Strike 2740 has a total call value of 0 versus a total put value of 231,789,600,000 Combined total value = 231,789,600,000
Strike 2760 has a total call value of 0 versus a total put value of 224,293,800,000 Combined total value = 224,293,800,000
Strike 2780 has a total call value of 0 versus a total put value of 216,809,400,000 Combined total value = 216,809,400,000
Strike 2800 has a total call value of 0 versus a total put value of 209,325,000,000 Combined total value = 209,325,000,000
Strike 2820 has a total call value of 0 versus a total put value of 201,956,400,000 Combined total value = 201,956,400,000
Strike 2840 has a total call value of 0 versus a total put value of 194,587,800,000 Combined total value = 194,587,800,000
Strike 2860 has a total call value of 0 versus a total put value of 187,219,200,000 Combined total value = 187,219,200,000
Strike 2880 has a total call value of 0 versus a total put value of 179,850,600,000 Combined total value = 179,850,600,000
Strike 2900 has a total call value of 0 versus a total put value of 172,488,600,000 Combined total value = 172,488,600,000
Strike 2920 has a total call value of 2,400,000 versus a total put value of 165,196,200,000 Combined total value = 165,198,600,000
Strike 2940 has a total call value of 4,800,000 versus a total put value of 157,903,800,000 Combined total value = 157,908,600,000
Strike 2960 has a total call value of 7,200,000 versus a total put value of 150,611,400,000 Combined total value = 150,618,600,000
Strike 2980 has a total call value of 9,600,000 versus a total put value of 143,361,600,000 Combined total value = 143,371,200,000
Strike 3000 has a total call value of 12,000,000 versus a total put value of 136,170,600,000 Combined total value = 136,182,600,000
Strike 3020 has a total call value of 71,400,000 versus a total put value of 129,208,800,000 Combined total value = 129,280,200,000
Strike 3040 has a total call value of 130,800,000 versus a total put value of 122,304,000,000 Combined total value = 122,434,800,000
Strike 3060 has a total call value of 190,200,000 versus a total put value of 115,447,800,000 Combined total value = 115,638,000,000
Strike 3080 has a total call value of 249,600,000 versus a total put value of 108,706,200,000 Combined total value = 108,955,800,000
Strike 3100 has a total call value of 328,800,000 versus a total put value of 102,026,400,000 Combined total value = 102,355,200,000
Strike 3120 has a total call value of 597,600,000 versus a total put value of 95,818,800,000 Combined total value = 96,416,400,000
Strike 3140 has a total call value of 924,000,000 versus a total put value of 89,697,000,000 Combined total value = 90,621,000,000
Strike 3160 has a total call value of 1,330,800,000 versus a total put value of 83,653,800,000 Combined total value = 84,984,600,000
Strike 3180 has a total call value of 1,836,000,000 versus a total put value of 77,728,800,000 Combined total value = 79,564,800,000
Strike 3200 has a total call value of 2,533,200,000 versus a total put value of 71,932,200,000 Combined total value = 74,465,400,000
Strike 3220 has a total call value of 3,921,000,000 versus a total put value of 66,573,600,000 Combined total value = 70,494,600,000
Strike 3240 has a total call value of 5,373,000,000 versus a total put value of 61,333,200,000 Combined total value = 66,706,200,000
Strike 3260 has a total call value of 6,888,600,000 versus a total put value of 56,319,600,000 Combined total value = 63,208,200,000
Strike 3280 has a total call value of 8,483,400,000 versus a total put value of 51,454,200,000 Combined total value = 59,937,600,000
Strike 3300 has a total call value of 10,078,200,000 versus a total put value of 46,649,400,000 Combined total value = 56,727,600,000
Strike 3320 has a total call value of 11,827,800,000 versus a total put value of 42,135,000,000 Combined total value = 53,962,800,000
Strike 3340 has a total call value of 13,633,200,000 versus a total put value of 37,750,200,000 Combined total value = 51,383,400,000
Strike 3360 has a total call value of 15,499,800,000 versus a total put value of 33,471,600,000 Combined total value = 48,971,400,000
Strike 3380 has a total call value of 17,436,600,000 versus a total put value of 29,631,000,000 Combined total value = 47,067,600,000
Strike 3400 has a total call value of 19,471,200,000 versus a total put value of 25,939,800,000 Combined total value = 45,411,000,000
Strike 3420 has a total call value of 21,831,600,000 versus a total put value of 22,669,800,000 Combined total value = 44,501,400,000
Strike 3440 has a total call value of 24,327,600,000 versus a total put value of 19,527,000,000 Combined total value = 43,854,600,000
Strike 3460 has a total call value of 26,947,800,000 versus a total put value of 16,546,200,000 Combined total value = 43,494,000,000
Strike 3480 has a total call value of 29,657,400,000 versus a total put value of 13,827,600,000 Combined total value = 43,485,000,000
Strike 3500 has a total call value of 32,451,000,000 versus a total put value of 11,308,800,000 Combined total value = 43,759,800,000
Strike 3520 has a total call value of 35,413,200,000 versus a total put value of 9,313,200,000 Combined total value = 44,726,400,000
Strike 3540 has a total call value of 38,484,600,000 versus a total put value of 7,492,200,000 Combined total value = 45,976,800,000
Strike 3560 has a total call value of 41,626,800,000 versus a total put value of 5,832,600,000 Combined total value = 47,459,400,000
Strike 3580 has a total call value of 44,856,600,000 versus a total put value of 4,356,600,000 Combined total value = 49,213,200,000
Strike 3600 has a total call value of 48,163,800,000 versus a total put value of 3,050,400,000 Combined total value = 51,214,200,000
Strike 3620 has a total call value of 51,712,200,000 versus a total put value of 2,094,000,000 Combined total value = 53,806,200,000
Strike 3640 has a total call value of 55,332,600,000 versus a total put value of 1,420,800,000 Combined total value = 56,753,400,000
Strike 3660 has a total call value of 59,023,200,000 versus a total put value of 910,800,000 Combined total value = 59,934,000,000
Strike 3680 has a total call value of 62,822,400,000 versus a total put value of 574,200,000 Combined total value = 63,396,600,000
Strike 3700 has a total call value of 66,686,400,000 versus a total put value of 320,400,000 Combined total value = 67,006,800,000
Strike 3720 has a total call value of 70,668,000,000 versus a total put value of 194,400,000 Combined total value = 70,862,400,000
Strike 3740 has a total call value of 74,707,800,000 versus a total put value of 114,600,000 Combined total value = 74,822,400,000
Strike 3760 has a total call value of 78,918,600,000 versus a total put value of 61,800,000 Combined total value = 78,980,400,000
Strike 3780 has a total call value of 83,377,800,000 versus a total put value of 36,000,000 Combined total value = 83,413,800,000
Strike 3800 has a total call value of 88,066,200,000 versus a total put value of 12,600,000 Combined total value = 88,078,800,000
Strike 3820 has a total call value of 93,077,400,000 versus a total put value of 6,600,000 Combined total value = 93,084,000,000
Strike 3840 has a total call value of 98,396,400,000 versus a total put value of 2,400,000 Combined total value = 98,398,800,000
Strike 3860 has a total call value of 104,062,200,000 versus a total put value of 0 Combined total value = 104,062,200,000
Strike 3880 has a total call value of 109,951,800,000 versus a total put value of 0 Combined total value = 109,951,800,000
Strike 3900 has a total call value of 115,924,800,000 versus a total put value of 0 Combined total value = 115,924,800,000
Strike 3920 has a total call value of 122,047,200,000 versus a total put value of 0 Combined total value = 122,047,200,000
Strike 3940 has a total call value of 128,290,800,000 versus a total put value of 0 Combined total value = 128,290,800,000
Strike 3960 has a total call value of 134,534,400,000 versus a total put value of 0 Combined total value = 134,534,400,000
Strike 3980 has a total call value of 140,781,600,000 versus a total put value of 0 Combined total value = 140,781,600,000
Strike 4000 has a total call value of 147,031,800,000 versus a total put value of 0 Combined total value = 147,031,800,000
Max Pain - Choose a symbol
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D
E
G
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I
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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.