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HEROMOTOCO
HERO MOTOCORP LIMITED

5804.2 -11.80 (-0.20%)

Max pain for HEROMOTOCO

14 Jun 2024 04:06 PM IST

Max Pain for HEROMOTOCO is 5600  



Strike  4350  has a total call value of 0  versus a total put value of  156,614,250,000 Combined total value = 156,614,250,000

Strike  4400  has a total call value of 0  versus a total put value of  148,767,750,000 Combined total value = 148,767,750,000

Strike  4450  has a total call value of 0  versus a total put value of  140,921,250,000 Combined total value = 140,921,250,000

Strike  4500  has a total call value of 1,500,000  versus a total put value of  133,074,750,000 Combined total value = 133,076,250,000

Strike  4550  has a total call value of 45,750,000  versus a total put value of  125,617,500,000 Combined total value = 125,663,250,000

Strike  4600  has a total call value of 90,750,000  versus a total put value of  118,160,250,000 Combined total value = 118,251,000,000

Strike  4650  has a total call value of 135,750,000  versus a total put value of  110,805,750,000 Combined total value = 110,941,500,000

Strike  4700  has a total call value of 180,750,000  versus a total put value of  103,459,500,000 Combined total value = 103,640,250,000

Strike  4750  has a total call value of 225,750,000  versus a total put value of  96,271,500,000 Combined total value = 96,497,250,000

Strike  4800  has a total call value of 270,750,000  versus a total put value of  89,100,750,000 Combined total value = 89,371,500,000

Strike  4850  has a total call value of 359,250,000  versus a total put value of  82,158,750,000 Combined total value = 82,518,000,000

Strike  4900  has a total call value of 447,750,000  versus a total put value of  75,246,750,000 Combined total value = 75,694,500,000

Strike  4950  has a total call value of 560,250,000  versus a total put value of  68,499,750,000 Combined total value = 69,060,000,000

Strike  5000  has a total call value of 672,750,000  versus a total put value of  61,805,250,000 Combined total value = 62,478,000,000

Strike  5050  has a total call value of 961,500,000  versus a total put value of  55,686,000,000 Combined total value = 56,647,500,000

Strike  5100  has a total call value of 1,250,250,000  versus a total put value of  49,624,500,000 Combined total value = 50,874,750,000

Strike  5150  has a total call value of 1,661,250,000  versus a total put value of  43,913,250,000 Combined total value = 45,574,500,000

Strike  5200  has a total call value of 2,072,250,000  versus a total put value of  38,308,500,000 Combined total value = 40,380,750,000

Strike  5250  has a total call value of 2,791,500,000  versus a total put value of  33,180,750,000 Combined total value = 35,972,250,000

Strike  5300  has a total call value of 3,510,750,000  versus a total put value of  28,197,000,000 Combined total value = 31,707,750,000

Strike  5350  has a total call value of 4,929,000,000  versus a total put value of  23,821,500,000 Combined total value = 28,750,500,000

Strike  5400  has a total call value of 6,414,000,000  versus a total put value of  19,539,750,000 Combined total value = 25,953,750,000

Strike  5450  has a total call value of 8,559,750,000  versus a total put value of  15,837,750,000 Combined total value = 24,397,500,000

Strike  5500  has a total call value of 10,705,500,000  versus a total put value of  12,239,250,000 Combined total value = 22,944,750,000

Strike  5550  has a total call value of 13,101,750,000  versus a total put value of  9,513,750,000 Combined total value = 22,615,500,000

Strike  5600  has a total call value of 15,547,500,000  versus a total put value of  6,993,750,000 Combined total value = 22,541,250,000

Strike  5650  has a total call value of 18,275,250,000  versus a total put value of  4,908,750,000 Combined total value = 23,184,000,000

Strike  5700  has a total call value of 21,071,250,000  versus a total put value of  2,946,000,000 Combined total value = 24,017,250,000

Strike  5750  has a total call value of 24,393,750,000  versus a total put value of  1,797,750,000 Combined total value = 26,191,500,000

Strike  5800  has a total call value of 27,850,500,000  versus a total put value of  804,000,000 Combined total value = 28,654,500,000

Strike  5850  has a total call value of 32,771,250,000  versus a total put value of  490,500,000 Combined total value = 33,261,750,000

Strike  5900  has a total call value of 38,186,250,000  versus a total put value of  272,250,000 Combined total value = 38,458,500,000

Strike  5950  has a total call value of 44,214,000,000  versus a total put value of  162,750,000 Combined total value = 44,376,750,000

Strike  6000  has a total call value of 50,421,000,000  versus a total put value of  64,500,000 Combined total value = 50,485,500,000

Strike  6050  has a total call value of 57,895,500,000  versus a total put value of  46,500,000 Combined total value = 57,942,000,000

Strike  6100  has a total call value of 65,480,250,000  versus a total put value of  28,500,000 Combined total value = 65,508,750,000

Strike  6150  has a total call value of 73,569,000,000  versus a total put value of  14,250,000 Combined total value = 73,583,250,000

Strike  6200  has a total call value of 81,735,000,000  versus a total put value of  0 Combined total value = 81,735,000,000

Strike  6250  has a total call value of 90,397,500,000  versus a total put value of  0 Combined total value = 90,397,500,000

Strike  6300  has a total call value of 99,148,500,000  versus a total put value of  0 Combined total value = 99,148,500,000

Strike  6350  has a total call value of 108,146,250,000  versus a total put value of  0 Combined total value = 108,146,250,000

Strike  6400  has a total call value of 117,210,000,000  versus a total put value of  0 Combined total value = 117,210,000,000

Strike  6450  has a total call value of 126,726,750,000  versus a total put value of  0 Combined total value = 126,726,750,000

Strike  6500  has a total call value of 136,243,500,000  versus a total put value of  0 Combined total value = 136,243,500,000

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.