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HEROMOTOCO
HERO MOTOCORP LIMITED

4507.1 80.60 (1.82%)


Strike  3600  has a total call value of 0  versus a total put value of  51,175,500,000 Combined total value = 51,175,500,000

Strike  3650  has a total call value of 0  versus a total put value of  47,410,500,000 Combined total value = 47,410,500,000

Strike  3700  has a total call value of 0  versus a total put value of  43,645,500,000 Combined total value = 43,645,500,000

Strike  3750  has a total call value of 0  versus a total put value of  39,880,500,000 Combined total value = 39,880,500,000

Strike  3800  has a total call value of 0  versus a total put value of  36,115,500,000 Combined total value = 36,115,500,000

Strike  3850  has a total call value of 0  versus a total put value of  32,386,500,000 Combined total value = 32,386,500,000

Strike  3900  has a total call value of 0  versus a total put value of  28,657,500,000 Combined total value = 28,657,500,000

Strike  3950  has a total call value of 24,000,000  versus a total put value of  25,300,500,000 Combined total value = 25,324,500,000

Strike  4000  has a total call value of 48,000,000  versus a total put value of  22,003,500,000 Combined total value = 22,051,500,000

Strike  4050  has a total call value of 112,500,000  versus a total put value of  19,173,000,000 Combined total value = 19,285,500,000

Strike  4100  has a total call value of 177,000,000  versus a total put value of  16,342,500,000 Combined total value = 16,519,500,000

Strike  4150  has a total call value of 255,000,000  versus a total put value of  13,740,000,000 Combined total value = 13,995,000,000

Strike  4200  has a total call value of 333,000,000  versus a total put value of  11,137,500,000 Combined total value = 11,470,500,000

Strike  4250  has a total call value of 436,500,000  versus a total put value of  9,069,000,000 Combined total value = 9,505,500,000

Strike  4300  has a total call value of 544,500,000  versus a total put value of  7,084,500,000 Combined total value = 7,629,000,000

Strike  4350  has a total call value of 712,500,000  versus a total put value of  5,481,000,000 Combined total value = 6,193,500,000

Strike  4400  has a total call value of 916,500,000  versus a total put value of  3,913,500,000 Combined total value = 4,830,000,000

Strike  4450  has a total call value of 1,465,500,000  versus a total put value of  2,788,500,000 Combined total value = 4,254,000,000

Strike  4500  has a total call value of 2,173,500,000  versus a total put value of  1,735,500,000 Combined total value = 3,909,000,000

Strike  4550  has a total call value of 4,479,000,000  versus a total put value of  1,237,500,000 Combined total value = 5,716,500,000

Strike  4600  has a total call value of 6,982,500,000  versus a total put value of  765,000,000 Combined total value = 7,747,500,000

Strike  4650  has a total call value of 10,678,500,000  versus a total put value of  528,000,000 Combined total value = 11,206,500,000

Strike  4700  has a total call value of 14,490,000,000  versus a total put value of  297,000,000 Combined total value = 14,787,000,000

Strike  4750  has a total call value of 19,293,000,000  versus a total put value of  169,500,000 Combined total value = 19,462,500,000

Strike  4800  has a total call value of 24,193,500,000  versus a total put value of  46,500,000 Combined total value = 24,240,000,000

Strike  4850  has a total call value of 29,871,000,000  versus a total put value of  28,500,000 Combined total value = 29,899,500,000

Strike  4900  has a total call value of 35,673,000,000  versus a total put value of  12,000,000 Combined total value = 35,685,000,000

Strike  4950  has a total call value of 42,306,000,000  versus a total put value of  6,000,000 Combined total value = 42,312,000,000

Strike  5000  has a total call value of 49,060,500,000  versus a total put value of  0 Combined total value = 49,060,500,000

Strike  5050  has a total call value of 56,764,500,000  versus a total put value of  0 Combined total value = 56,764,500,000

Strike  5100  has a total call value of 64,468,500,000  versus a total put value of  0 Combined total value = 64,468,500,000

Strike  5150  has a total call value of 72,499,500,000  versus a total put value of  0 Combined total value = 72,499,500,000

Strike  5200  has a total call value of 80,530,500,000  versus a total put value of  0 Combined total value = 80,530,500,000

Strike  5250  has a total call value of 88,902,000,000  versus a total put value of  0 Combined total value = 88,902,000,000

Strike  5300  has a total call value of 97,273,500,000  versus a total put value of  0 Combined total value = 97,273,500,000

Strike  5350  has a total call value of 105,691,500,000  versus a total put value of  0 Combined total value = 105,691,500,000

Strike  5400  has a total call value of 114,109,500,000  versus a total put value of  0 Combined total value = 114,109,500,000

Strike  5450  has a total call value of 122,565,000,000  versus a total put value of  0 Combined total value = 122,565,000,000

Strike  5500  has a total call value of 131,020,500,000  versus a total put value of  0 Combined total value = 131,020,500,000

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.