Max Pain · 2026-05-26
BPCL Max Pain
BPCL Max Pain by Expiry
Strike price where maximum open interest expires worthless, per expiration date
| Expiration | Max Pain | Max Pain vs Current Price |
|---|---|---|
| May 26, 2026 12d | 320 | +21.60 (+7.24%) |
| Jun 30, 2026 47d | 300 | +1.60 (+0.54%) |
| Jul 28, 2026 75d | 240 | 58.40 (19.57%) |
Chart Guide
What is Max Pain?
The price where option sellers win the most
Max Pain is the strike where the combined dollar value of all outstanding options (calls + puts) is minimized — meaning option buyers collectively lose the m…
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Frequently Asked Questions
What is the max pain price for BPCL?
The current max pain price for BPCL is —, which is NaN% from the current spot price. This is the strike at which the total dollar value of all outstanding BPCL options (calls and puts) would expire worthless, resulting in the maximum financial loss to option buyers and maximum gain to option sellers.
How is max pain calculated for BPCL?
Max pain is calculated by iterating over every strike in the BPCL option chain and computing the total intrinsic value of all outstanding call and put contracts if the stock expired at that strike. The strike that produces the lowest total payout to option holders is the max pain level. StrikeVue recalculates this every 5 minutes using live NSE open interest data.
Does BPCL price gravitate toward max pain at expiry?
Historically, stocks and indices do tend to drift toward their max pain level in the final days before expiry due to delta-hedging flows from market makers. As expiry approaches, dealers who are short options adjust their hedges — buying or selling the underlying — in ways that naturally pull price toward the max pain strike. This effect is strongest in the last 1–3 days before expiry for BPCL (next expiry: 2026-05-26).
How often is BPCL max pain updated on StrikeVue?
BPCL max pain is recalculated every 5 minutes from live NSE open interest data during India market hours. StrikeVue is completely free and requires no login or broker account.