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HEROMOTOCO
HERO MOTOCORP LIMITED

4581.45 74.35 (1.65%)


Strike  3300  has a total call value of 0  versus a total put value of  85,287,000,000 Combined total value = 85,287,000,000

Strike  3350  has a total call value of 3,000,000  versus a total put value of  80,977,500,000 Combined total value = 80,980,500,000

Strike  3400  has a total call value of 6,000,000  versus a total put value of  76,668,000,000 Combined total value = 76,674,000,000

Strike  3450  has a total call value of 9,000,000  versus a total put value of  72,358,500,000 Combined total value = 72,367,500,000

Strike  3500  has a total call value of 12,000,000  versus a total put value of  68,049,000,000 Combined total value = 68,061,000,000

Strike  3550  has a total call value of 15,000,000  versus a total put value of  63,739,500,000 Combined total value = 63,754,500,000

Strike  3600  has a total call value of 18,000,000  versus a total put value of  59,430,000,000 Combined total value = 59,448,000,000

Strike  3650  has a total call value of 21,000,000  versus a total put value of  55,120,500,000 Combined total value = 55,141,500,000

Strike  3700  has a total call value of 24,000,000  versus a total put value of  50,811,000,000 Combined total value = 50,835,000,000

Strike  3750  has a total call value of 34,500,000  versus a total put value of  46,501,500,000 Combined total value = 46,536,000,000

Strike  3800  has a total call value of 45,000,000  versus a total put value of  42,192,000,000 Combined total value = 42,237,000,000

Strike  3850  has a total call value of 55,500,000  versus a total put value of  37,936,500,000 Combined total value = 37,992,000,000

Strike  3900  has a total call value of 66,000,000  versus a total put value of  33,681,000,000 Combined total value = 33,747,000,000

Strike  3950  has a total call value of 76,500,000  versus a total put value of  29,796,000,000 Combined total value = 29,872,500,000

Strike  4000  has a total call value of 87,000,000  versus a total put value of  25,980,000,000 Combined total value = 26,067,000,000

Strike  4050  has a total call value of 136,500,000  versus a total put value of  22,684,500,000 Combined total value = 22,821,000,000

Strike  4100  has a total call value of 186,000,000  versus a total put value of  19,389,000,000 Combined total value = 19,575,000,000

Strike  4150  has a total call value of 235,500,000  versus a total put value of  16,302,000,000 Combined total value = 16,537,500,000

Strike  4200  has a total call value of 285,000,000  versus a total put value of  13,215,000,000 Combined total value = 13,500,000,000

Strike  4250  has a total call value of 334,500,000  versus a total put value of  10,716,000,000 Combined total value = 11,050,500,000

Strike  4300  has a total call value of 384,000,000  versus a total put value of  8,302,500,000 Combined total value = 8,686,500,000

Strike  4350  has a total call value of 433,500,000  versus a total put value of  6,370,500,000 Combined total value = 6,804,000,000

Strike  4400  has a total call value of 483,000,000  versus a total put value of  4,473,000,000 Combined total value = 4,956,000,000

Strike  4450  has a total call value of 810,000,000  versus a total put value of  3,153,000,000 Combined total value = 3,963,000,000

Strike  4500  has a total call value of 1,260,000,000  versus a total put value of  1,930,500,000 Combined total value = 3,190,500,000

Strike  4550  has a total call value of 3,189,000,000  versus a total put value of  1,323,000,000 Combined total value = 4,512,000,000

Strike  4600  has a total call value of 5,533,500,000  versus a total put value of  772,500,000 Combined total value = 6,306,000,000

Strike  4650  has a total call value of 9,976,500,000  versus a total put value of  538,500,000 Combined total value = 10,515,000,000

Strike  4700  has a total call value of 14,637,000,000  versus a total put value of  312,000,000 Combined total value = 14,949,000,000

Strike  4750  has a total call value of 20,574,000,000  versus a total put value of  189,000,000 Combined total value = 20,763,000,000

Strike  4800  has a total call value of 26,671,500,000  versus a total put value of  66,000,000 Combined total value = 26,737,500,000

Strike  4850  has a total call value of 33,988,500,000  versus a total put value of  49,500,000 Combined total value = 34,038,000,000

Strike  4900  has a total call value of 41,448,000,000  versus a total put value of  33,000,000 Combined total value = 41,481,000,000

Strike  4950  has a total call value of 49,777,500,000  versus a total put value of  16,500,000 Combined total value = 49,794,000,000

Strike  5000  has a total call value of 58,107,000,000  versus a total put value of  0 Combined total value = 58,107,000,000

Strike  5050  has a total call value of 67,657,500,000  versus a total put value of  0 Combined total value = 67,657,500,000

Strike  5100  has a total call value of 77,208,000,000  versus a total put value of  0 Combined total value = 77,208,000,000

Strike  5150  has a total call value of 87,135,000,000  versus a total put value of  0 Combined total value = 87,135,000,000

Strike  5200  has a total call value of 97,062,000,000  versus a total put value of  0 Combined total value = 97,062,000,000

Strike  5250  has a total call value of 107,526,000,000  versus a total put value of  0 Combined total value = 107,526,000,000

Strike  5300  has a total call value of 117,990,000,000  versus a total put value of  0 Combined total value = 117,990,000,000

Strike  5350  has a total call value of 128,541,000,000  versus a total put value of  0 Combined total value = 128,541,000,000

Strike  5400  has a total call value of 139,092,000,000  versus a total put value of  0 Combined total value = 139,092,000,000

Strike  5450  has a total call value of 149,733,000,000  versus a total put value of  0 Combined total value = 149,733,000,000

Strike  5500  has a total call value of 160,374,000,000  versus a total put value of  0 Combined total value = 160,374,000,000

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.