BHEL
BhelMax pain for BHEL
01 Nov 2025 08:13 PM IST
Max Pain for BHEL is 257.5
Strike 200 has a total call value of 0 versus a total put value of 168,284,812,500 Combined total value = 168,284,812,500
Strike 202.5 has a total call value of 17,062,500 versus a total put value of 159,395,250,000 Combined total value = 159,412,312,500
Strike 205 has a total call value of 34,125,000 versus a total put value of 150,505,687,500 Combined total value = 150,539,812,500
Strike 207.5 has a total call value of 51,187,500 versus a total put value of 141,645,000,000 Combined total value = 141,696,187,500
Strike 210 has a total call value of 68,250,000 versus a total put value of 132,784,312,500 Combined total value = 132,852,562,500
Strike 212.5 has a total call value of 162,750,000 versus a total put value of 124,107,375,000 Combined total value = 124,270,125,000
Strike 215 has a total call value of 257,250,000 versus a total put value of 115,438,312,500 Combined total value = 115,695,562,500
Strike 217.5 has a total call value of 351,750,000 versus a total put value of 106,846,687,500 Combined total value = 107,198,437,500
Strike 220 has a total call value of 446,250,000 versus a total put value of 98,255,062,500 Combined total value = 98,701,312,500
Strike 222.5 has a total call value of 637,875,000 versus a total put value of 90,124,125,000 Combined total value = 90,762,000,000
Strike 225 has a total call value of 829,500,000 versus a total put value of 82,019,437,500 Combined total value = 82,848,937,500
Strike 227.5 has a total call value of 1,067,062,500 versus a total put value of 74,090,625,000 Combined total value = 75,157,687,500
Strike 230 has a total call value of 1,323,000,000 versus a total put value of 66,227,437,500 Combined total value = 67,550,437,500
Strike 232.5 has a total call value of 1,666,875,000 versus a total put value of 58,920,093,750 Combined total value = 60,586,968,750
Strike 235 has a total call value of 2,048,156,250 versus a total put value of 51,726,937,500 Combined total value = 53,775,093,750
Strike 237.5 has a total call value of 2,555,437,500 versus a total put value of 44,847,468,750 Combined total value = 47,402,906,250
Strike 240 has a total call value of 3,168,375,000 versus a total put value of 38,057,906,250 Combined total value = 41,226,281,250
Strike 242.5 has a total call value of 4,064,812,500 versus a total put value of 32,116,875,000 Combined total value = 36,181,687,500
Strike 245 has a total call value of 5,007,843,750 versus a total put value of 26,388,468,750 Combined total value = 31,396,312,500
Strike 247.5 has a total call value of 6,144,468,750 versus a total put value of 21,220,500,000 Combined total value = 27,364,968,750
Strike 250 has a total call value of 7,426,125,000 versus a total put value of 16,343,906,250 Combined total value = 23,770,031,250
Strike 252.5 has a total call value of 9,339,750,000 versus a total put value of 12,802,125,000 Combined total value = 22,141,875,000
Strike 255 has a total call value of 11,396,437,500 versus a total put value of 9,560,906,250 Combined total value = 20,957,343,750
Strike 257.5 has a total call value of 13,795,687,500 versus a total put value of 6,899,156,250 Combined total value = 20,694,843,750
Strike 260 has a total call value of 16,353,750,000 versus a total put value of 4,587,843,750 Combined total value = 20,941,593,750
Strike 262.5 has a total call value of 19,895,531,250 versus a total put value of 3,375,093,750 Combined total value = 23,270,625,000
Strike 265 has a total call value of 23,655,843,750 versus a total put value of 2,394,656,250 Combined total value = 26,050,500,000
Strike 267.5 has a total call value of 28,237,125,000 versus a total put value of 1,746,937,500 Combined total value = 29,984,062,500
Strike 270 has a total call value of 33,057,281,250 versus a total put value of 1,202,250,000 Combined total value = 34,259,531,250
Strike 272.5 has a total call value of 38,656,406,250 versus a total put value of 929,906,250 Combined total value = 39,586,312,500
Strike 275 has a total call value of 44,363,156,250 versus a total put value of 702,843,750 Combined total value = 45,066,000,000
Strike 277.5 has a total call value of 50,542,406,250 versus a total put value of 511,875,000 Combined total value = 51,054,281,250
Strike 280 has a total call value of 56,772,843,750 versus a total put value of 345,187,500 Combined total value = 57,118,031,250
Strike 282.5 has a total call value of 63,887,250,000 versus a total put value of 239,531,250 Combined total value = 64,126,781,250
Strike 285 has a total call value of 71,041,031,250 versus a total put value of 140,437,500 Combined total value = 71,181,468,750
Strike 287.5 has a total call value of 78,467,812,500 versus a total put value of 84,656,250 Combined total value = 78,552,468,750
Strike 290 has a total call value of 85,935,281,250 versus a total put value of 45,281,250 Combined total value = 85,980,562,500
Strike 292.5 has a total call value of 93,885,750,000 versus a total put value of 17,718,750 Combined total value = 93,903,468,750
Strike 295 has a total call value of 101,880,187,500 versus a total put value of 0 Combined total value = 101,880,187,500
Max-Pain Table for Stocks
| Max Pain Table (Stocks) | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1080.7 | 1120 |
| ABB | 5220 | 5250 |
| ABCAPITAL | 324.2 | 320 |
| ADANIENSOL | 986.2 | 960 |
| ADANIENT | 2481 | 2500 |
| ADANIGREEN | 1140 | 1100 |
| ADANIPORTS | 1451.5 | 1440 |
| ALKEM | 5506.5 | 5550 |
| AMBER | 8036.5 | 8200 |
| AMBUJACEM | 565.4 | 580 |
| ANGELONE | 2492.4 | 2500 |
| APLAPOLLO | 1791.5 | 1800 |
| APOLLOHOSP | 7681 | 7800 |
| ASHOKLEY | 141.53 | 140 |
| ASIANPAINT | 2510.8 | 2500 |
| ASTRAL | 1450.1 | 1440 |
| AUBANK | 877.85 | 870 |
| AUROPHARMA | 1138.9 | 1120 |
| AXISBANK | 1232.8 | 1240 |
| BAJAJ-AUTO | 8892.5 | 9100 |
| BAJAJFINSV | 2088.3 | 2100 |
| BAJFINANCE | 1042.8 | 1060 |
| BANDHANBNK | 156.56 | 162.5 |
| BANKBARODA | 278.4 | 275 |
| BANKINDIA | 139.88 | 140 |
| BDL | 1529.9 | 1540 |
| BEL | 426.1 | 415 |
| BHARATFORG | 1324.7 | 1300 |
| BHARTIARTL | 2054.5 | 2060 |
| BHEL | 265.49 | 257.5 |
| BIOCON | 372.1 | 370 |
| BLUESTARCO | 1937.4 | 1980 |
| BOSCHLTD | 37245 | 37500 |
| BPCL | 356.8 | 350 |
| BRITANNIA | 5836.5 | 5900 |
| BSE | 2479 | 2500 |
| CAMS | 3941.3 | 3900 |
| CANBK | 136.99 | 132 |
| CDSL | 1587.2 | 1620 |
| CGPOWER | 736.65 | 740 |
| CHOLAFIN | 1696.8 | 1700 |
| CIPLA | 1501.3 | 1540 |
| COALINDIA | 388.65 | 390 |
| COFORGE | 1778.1 | 1800 |
| COLPAL | 2243 | 2240 |
| CONCOR | 545.25 | 545 |
| CROMPTON | 282.7 | 295 |
| CUMMINSIND | 4344.1 | 4300 |
| CYIENT | 1162.5 | 1200 |
| DABUR | 487.55 | 500 |
| DALBHARAT | 2096.8 | 2100 |
| DELHIVERY | 465.95 | 475 |
| DIVISLAB | 6738 | 6550 |
| DIXON | 15494 | 15750 |
| DLF | 756.25 | 780 |
| DMART | 4153.5 | 4200 |
| DRREDDY | 1197.6 | 1200 |
| EICHERMOT | 7007 | 7000 |
| ETERNAL | 317.75 | 330 |
| EXIDEIND | 381.9 | 390 |
| FEDERALBNK | 236.61 | 230 |
| FORTIS | 1023.05 | 1000 |
| GAIL | 182.76 | 185 |
| GLENMARK | 1891.2 | 1860 |
| GMRAIRPORT | 93.97 | 93 |
| GODREJCP | 1118.6 | 1120 |
| GODREJPROP | 2288 | 2300 |
| GRASIM | 2891.7 | 2940 |
| HAL | 4679.8 | 4800 |
| HAVELLS | 1493.9 | 1500 |
| HCLTECH | 1541.5 | 1540 |
| HDFCAMC | 5379 | 5450 |
| HDFCBANK | 987.3 | 1000 |
| HDFCLIFE | 731.85 | 750 |
| HEROMOTOCO | 5544 | 5600 |
| HFCL | 73.51 | 75 |
| HINDALCO | 847.85 | 840 |
| HINDPETRO | 476 | 460 |
| HINDUNILVR | 2465.5 | 2500 |
| HINDZINC | 476.5 | 485 |
| HUDCO | 237 | 235 |
| ICICIBANK | 1345.3 | 1370 |
| ICICIGI | 1993.7 | 2000 |
| ICICIPRULI | 591.15 | 600 |
| IDEA | 8.73 | 9 |
| IDFCFIRSTB | 81.77 | 80 |
| IEX | 139.06 | 145 |
| IGL | 211.94 | 210 |
| IIFL | 534.6 | 530 |
| INDHOTEL | 741.8 | 750 |
| INDIANB | 858.7 | 850 |
| INDIGO | 5625 | 5800 |
| INDUSINDBK | 794.8 | 800 |
| INDUSTOWER | 363.6 | 370 |
| INFY | 1482.3 | 1500 |
| INOXWIND | 155.13 | 155 |
| IOC | 165.9 | 160 |
| IRCTC | 718.7 | 725 |
| IREDA | 151.93 | 152.5 |
| IRFC | 123.31 | 125 |
| ITC | 420.35 | 420 |
| JINDALSTEL | 1066.8 | 1080 |
| JIOFIN | 306.8 | 310 |
| JSWENERGY | 527.45 | 540 |
| JSWSTEEL | 1206 | 1190 |
| JUBLFOOD | 597.85 | 600 |
| KALYANKJIL | 509.7 | 500 |
| KAYNES | 6704.5 | 6800 |
| KEI | 4032 | 4100 |
| KFINTECH | 1098.1 | 1120 |
| KOTAKBANK | 2102.2 | 2160 |
| KPITTECH | 1166.7 | 1200 |
| LAURUSLABS | 953.65 | 940 |
| LICHSGFIN | 570.95 | 580 |
| LICI | 894.7 | 900 |
| LODHA | 1197.9 | 1200 |
| LT | 4030.9 | 4000 |
| LTF | 270.49 | 270 |
| LTIM | 5684.5 | 5650 |
| LUPIN | 1963.5 | 1960 |
| M&M | 3487.2 | 3550 |
| MANAPPURAM | 269.5 | 275 |
| MANKIND | 2384 | 2450 |
| MARICO | 719.95 | 720 |
| MARUTI | 16186 | 16300 |
| MAXHEALTH | 1147.8 | 1200 |
| MAZDOCK | 2729 | 2800 |
| MCX | 9243.5 | 9000 |
| MFSL | 1546.5 | 1540 |
| MOTHERSON | 105.39 | 108 |
| MPHASIS | 2764.4 | 2800 |
| MUTHOOTFIN | 3178.7 | 3200 |
| NATIONALUM | 234.14 | 237.5 |
| NAUKRI | 1378.3 | 1400 |
| NBCC | 117.41 | 115 |
| NCC | 212.37 | 212.5 |
| NESTLEIND | 1271.6 | 1280 |
| NHPC | 84.84 | 86 |
| NMDC | 75.79 | 77 |
| NTPC | 336.95 | 340 |
| NUVAMA | 7092 | 7200 |
| NYKAA | 247.94 | 252.5 |
| OBEROIRLTY | 1778.3 | 1740 |
| OFSS | 8515 | 8600 |
| OIL | 433.35 | 420 |
| ONGC | 255.37 | 255 |
| PAGEIND | 41200 | 41000 |
| PATANJALI | 602.4 | 600 |
| PAYTM | 1303.2 | 1300 |
| PERSISTENT | 5916.6 | 5900 |
| PETRONET | 281.25 | 290 |
| PFC | 403.25 | 400 |
| PGEL | 570.95 | 570 |
| PHOENIXLTD | 1682.6 | 1700 |
| PIDILITIND | 1444.6 | 1480 |
| PIIND | 3577.4 | 3600 |
| PNB | 122.89 | 120 |
| PNBHOUSING | 928.7 | 920 |
| POLICYBZR | 1785.4 | 1800 |
| POLYCAB | 7704 | 7700 |
| POWERGRID | 288.15 | 290 |
| POWERINDIA | 17778 | 17000 |
| PPLPHARMA | 199.63 | 202.5 |
| PRESTIGE | 1744.7 | 1700 |
| RBLBANK | 326.35 | 320 |
| RECLTD | 374.85 | 380 |
| RELIANCE | 1486.4 | 1500 |
| RVNL | 328.8 | 330 |
| SAIL | 136.85 | 135 |
| SAMMAANCAP | 188.59 | 187.5 |
| SBICARD | 878.65 | 900 |
| SBILIFE | 1955.7 | 1920 |
| SBIN | 937 | 930 |
| SHREECEM | 28310 | 28750 |
| SHRIRAMFIN | 748.9 | 740 |
| SIEMENS | 3096.3 | 3150 |
| SOLARINDS | 13878 | 14000 |
| SONACOMS | 472.75 | 480 |
| SRF | 2930.5 | 3000 |
| SUNPHARMA | 1690.7 | 1700 |
| SUPREMEIND | 3812.5 | 3900 |
| SUZLON | 59.3 | 56 |
| SYNGENE | 650.1 | 660 |
| TATACONSUM | 1165 | 1180 |
| TATAELXSI | 5454.5 | 5500 |
| TATAMOTORS | 0 | 320 |
| TATAPOWER | 404.9 | 410 |
| TATASTEEL | 182.84 | 182.5 |
| TATATECH | 692.25 | 700 |
| TCS | 3058 | 3080 |
| TECHM | 1424.4 | 1460 |
| TIINDIA | 3023 | 3100 |
| TITAGARH | 884.55 | 900 |
| TITAN | 3746.7 | 3700 |
| TMPV | 0 | 400 |
| TORNTPHARM | 3560.1 | 3600 |
| TORNTPOWER | 1316.5 | 1300 |
| TRENT | 4694.3 | 4800 |
| TVSMOTOR | 3508.7 | 3550 |
| ULTRACEMCO | 11947 | 12000 |
| UNIONBANK | 148.67 | 147.5 |
| UNITDSPR | 1431.4 | 1410 |
| UNOMINDA | 1235.2 | 1240 |
| UPL | 720.1 | 700 |
| VBL | 469.65 | 480 |
| VEDL | 493.55 | 500 |
| VOLTAS | 1383.6 | 1400 |
| WIPRO | 240.67 | 242.5 |
| YESBANK | 22.74 | 23 |
| ZYDUSLIFE | 974.45 | 1000 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
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.

































































































































































































































