FINNIFTY
Nifty Financial Services
Max pain for FINNIFTY
21 Nov 2024 02:36 PM IST
Max Pain for FINNIFTY is 23300
Strike 20900 has a total call value of 0 versus a total put value of 914,519,750,000 Combined total value = 914,519,750,000
Strike 20950 has a total call value of 0 versus a total put value of 888,819,750,000 Combined total value = 888,819,750,000
Strike 21000 has a total call value of 0 versus a total put value of 863,119,750,000 Combined total value = 863,119,750,000
Strike 21050 has a total call value of 0 versus a total put value of 838,251,000,000 Combined total value = 838,251,000,000
Strike 21100 has a total call value of 0 versus a total put value of 813,382,250,000 Combined total value = 813,382,250,000
Strike 21150 has a total call value of 0 versus a total put value of 788,544,250,000 Combined total value = 788,544,250,000
Strike 21200 has a total call value of 0 versus a total put value of 763,706,250,000 Combined total value = 763,706,250,000
Strike 21250 has a total call value of 0 versus a total put value of 738,922,125,000 Combined total value = 738,922,125,000
Strike 21300 has a total call value of 0 versus a total put value of 714,138,000,000 Combined total value = 714,138,000,000
Strike 21350 has a total call value of 0 versus a total put value of 689,432,875,000 Combined total value = 689,432,875,000
Strike 21400 has a total call value of 0 versus a total put value of 664,727,750,000 Combined total value = 664,727,750,000
Strike 21450 has a total call value of 0 versus a total put value of 640,030,000,000 Combined total value = 640,030,000,000
Strike 21500 has a total call value of 0 versus a total put value of 615,332,250,000 Combined total value = 615,332,250,000
Strike 21550 has a total call value of 0 versus a total put value of 591,180,000,000 Combined total value = 591,180,000,000
Strike 21600 has a total call value of 0 versus a total put value of 567,027,750,000 Combined total value = 567,027,750,000
Strike 21650 has a total call value of 0 versus a total put value of 542,902,500,000 Combined total value = 542,902,500,000
Strike 21700 has a total call value of 0 versus a total put value of 518,777,250,000 Combined total value = 518,777,250,000
Strike 21750 has a total call value of 0 versus a total put value of 495,384,250,000 Combined total value = 495,384,250,000
Strike 21800 has a total call value of 0 versus a total put value of 471,991,250,000 Combined total value = 471,991,250,000
Strike 21850 has a total call value of 0 versus a total put value of 448,929,250,000 Combined total value = 448,929,250,000
Strike 21900 has a total call value of 0 versus a total put value of 425,867,250,000 Combined total value = 425,867,250,000
Strike 21950 has a total call value of 0 versus a total put value of 403,063,750,000 Combined total value = 403,063,750,000
Strike 22000 has a total call value of 0 versus a total put value of 380,363,375,000 Combined total value = 380,363,375,000
Strike 22050 has a total call value of 0 versus a total put value of 358,464,250,000 Combined total value = 358,464,250,000
Strike 22100 has a total call value of 0 versus a total put value of 336,712,500,000 Combined total value = 336,712,500,000
Strike 22150 has a total call value of 0 versus a total put value of 317,363,375,000 Combined total value = 317,363,375,000
Strike 22200 has a total call value of 0 versus a total put value of 298,136,250,000 Combined total value = 298,136,250,000
Strike 22250 has a total call value of 0 versus a total put value of 279,273,125,000 Combined total value = 279,273,125,000
Strike 22300 has a total call value of 0 versus a total put value of 260,628,500,000 Combined total value = 260,628,500,000
Strike 22350 has a total call value of 0 versus a total put value of 242,683,125,000 Combined total value = 242,683,125,000
Strike 22400 has a total call value of 0 versus a total put value of 224,890,125,000 Combined total value = 224,890,125,000
Strike 22450 has a total call value of 250,000 versus a total put value of 207,923,125,000 Combined total value = 207,923,375,000
Strike 22500 has a total call value of 500,000 versus a total put value of 191,192,875,000 Combined total value = 191,193,375,000
Strike 22550 has a total call value of 750,000 versus a total put value of 175,203,625,000 Combined total value = 175,204,375,000
Strike 22600 has a total call value of 1,000,000 versus a total put value of 159,508,250,000 Combined total value = 159,509,250,000
Strike 22650 has a total call value of 10,875,000 versus a total put value of 144,383,750,000 Combined total value = 144,394,625,000
Strike 22700 has a total call value of 22,125,000 versus a total put value of 129,492,250,000 Combined total value = 129,514,375,000
Strike 22750 has a total call value of 36,875,000 versus a total put value of 115,504,375,000 Combined total value = 115,541,250,000
Strike 22800 has a total call value of 58,500,000 versus a total put value of 101,895,625,000 Combined total value = 101,954,125,000
Strike 22850 has a total call value of 98,000,000 versus a total put value of 88,784,250,000 Combined total value = 88,882,250,000
Strike 22900 has a total call value of 146,250,000 versus a total put value of 75,979,875,000 Combined total value = 76,126,125,000
Strike 22950 has a total call value of 211,375,000 versus a total put value of 64,267,625,000 Combined total value = 64,479,000,000
Strike 23000 has a total call value of 307,625,000 versus a total put value of 53,216,000,000 Combined total value = 53,523,625,000
Strike 23050 has a total call value of 553,250,000 versus a total put value of 43,765,750,000 Combined total value = 44,319,000,000
Strike 23100 has a total call value of 886,875,000 versus a total put value of 34,981,375,000 Combined total value = 35,868,250,000
Strike 23150 has a total call value of 1,362,000,000 versus a total put value of 27,538,750,000 Combined total value = 28,900,750,000
Strike 23200 has a total call value of 2,047,750,000 versus a total put value of 20,817,875,000 Combined total value = 22,865,625,000
Strike 23250 has a total call value of 3,337,000,000 versus a total put value of 15,463,000,000 Combined total value = 18,800,000,000
Strike 23300 has a total call value of 5,108,750,000 versus a total put value of 10,973,250,000 Combined total value = 16,082,000,000
Strike 23350 has a total call value of 8,739,250,000 versus a total put value of 8,740,875,000 Combined total value = 17,480,125,000
Strike 23400 has a total call value of 13,159,625,000 versus a total put value of 7,016,375,000 Combined total value = 20,176,000,000
Strike 23450 has a total call value of 19,090,125,000 versus a total put value of 5,739,875,000 Combined total value = 24,830,000,000
Strike 23500 has a total call value of 25,845,000,000 versus a total put value of 4,642,125,000 Combined total value = 30,487,125,000
Strike 23550 has a total call value of 33,983,125,000 versus a total put value of 3,911,875,000 Combined total value = 37,895,000,000
Strike 23600 has a total call value of 42,696,250,000 versus a total put value of 3,245,625,000 Combined total value = 45,941,875,000
Strike 23650 has a total call value of 52,445,375,000 versus a total put value of 2,652,250,000 Combined total value = 55,097,625,000
Strike 23700 has a total call value of 62,935,125,000 versus a total put value of 2,096,125,000 Combined total value = 65,031,250,000
Strike 23750 has a total call value of 74,183,250,000 versus a total put value of 1,594,875,000 Combined total value = 75,778,125,000
Strike 23800 has a total call value of 85,893,375,000 versus a total put value of 1,138,875,000 Combined total value = 87,032,250,000
Strike 23850 has a total call value of 99,151,250,000 versus a total put value of 938,625,000 Combined total value = 100,089,875,000
Strike 23900 has a total call value of 112,753,625,000 versus a total put value of 747,000,000 Combined total value = 113,500,625,000
Strike 23950 has a total call value of 126,991,500,000 versus a total put value of 592,375,000 Combined total value = 127,583,875,000
Strike 24000 has a total call value of 141,443,500,000 versus a total put value of 437,750,000 Combined total value = 141,881,250,000
Strike 24050 has a total call value of 157,334,500,000 versus a total put value of 390,250,000 Combined total value = 157,724,750,000
Strike 24100 has a total call value of 173,539,625,000 versus a total put value of 342,750,000 Combined total value = 173,882,375,000
Strike 24150 has a total call value of 192,397,875,000 versus a total put value of 295,250,000 Combined total value = 192,693,125,000
Strike 24200 has a total call value of 211,495,125,000 versus a total put value of 248,625,000 Combined total value = 211,743,750,000
Strike 24250 has a total call value of 231,026,750,000 versus a total put value of 231,250,000 Combined total value = 231,258,000,000
Strike 24300 has a total call value of 250,807,375,000 versus a total put value of 215,250,000 Combined total value = 251,022,625,000
Strike 24350 has a total call value of 271,222,125,000 versus a total put value of 199,875,000 Combined total value = 271,422,000,000
Strike 24400 has a total call value of 291,906,000,000 versus a total put value of 184,500,000 Combined total value = 292,090,500,000
Strike 24450 has a total call value of 312,936,500,000 versus a total put value of 169,125,000 Combined total value = 313,105,625,000
Strike 24500 has a total call value of 334,028,625,000 versus a total put value of 153,750,000 Combined total value = 334,182,375,000
Strike 24550 has a total call value of 355,900,000,000 versus a total put value of 138,375,000 Combined total value = 356,038,375,000
Strike 24600 has a total call value of 377,873,125,000 versus a total put value of 123,000,000 Combined total value = 377,996,125,000
Strike 24650 has a total call value of 400,107,250,000 versus a total put value of 107,625,000 Combined total value = 400,214,875,000
Strike 24700 has a total call value of 422,374,000,000 versus a total put value of 92,250,000 Combined total value = 422,466,250,000
Strike 24750 has a total call value of 444,844,875,000 versus a total put value of 76,875,000 Combined total value = 444,921,750,000
Strike 24800 has a total call value of 467,346,250,000 versus a total put value of 61,500,000 Combined total value = 467,407,750,000
Strike 24850 has a total call value of 490,080,000,000 versus a total put value of 46,125,000 Combined total value = 490,126,125,000
Strike 24900 has a total call value of 512,876,625,000 versus a total put value of 30,750,000 Combined total value = 512,907,375,000
Strike 24950 has a total call value of 535,769,125,000 versus a total put value of 15,375,000 Combined total value = 535,784,500,000
Strike 25000 has a total call value of 558,707,875,000 versus a total put value of 0 Combined total value = 558,707,875,000
Strike 25050 has a total call value of 582,745,000,000 versus a total put value of 0 Combined total value = 582,745,000,000
Strike 25100 has a total call value of 606,807,625,000 versus a total put value of 0 Combined total value = 606,807,625,000
Strike 25150 has a total call value of 630,905,375,000 versus a total put value of 0 Combined total value = 630,905,375,000
Strike 25200 has a total call value of 655,011,500,000 versus a total put value of 0 Combined total value = 655,011,500,000
Strike 25250 has a total call value of 679,131,625,000 versus a total put value of 0 Combined total value = 679,131,625,000
Strike 25300 has a total call value of 703,269,000,000 versus a total put value of 0 Combined total value = 703,269,000,000
Strike 25350 has a total call value of 727,406,750,000 versus a total put value of 0 Combined total value = 727,406,750,000
Strike 25400 has a total call value of 751,553,250,000 versus a total put value of 0 Combined total value = 751,553,250,000
Strike 25450 has a total call value of 775,752,250,000 versus a total put value of 0 Combined total value = 775,752,250,000
Strike 25500 has a total call value of 799,951,500,000 versus a total put value of 0 Combined total value = 799,951,500,000
Strike 25550 has a total call value of 824,459,125,000 versus a total put value of 0 Combined total value = 824,459,125,000
Strike 25600 has a total call value of 848,966,750,000 versus a total put value of 0 Combined total value = 848,966,750,000
Strike 25650 has a total call value of 873,474,375,000 versus a total put value of 0 Combined total value = 873,474,375,000
Strike 25700 has a total call value of 897,982,000,000 versus a total put value of 0 Combined total value = 897,982,000,000
Strike 25750 has a total call value of 922,489,625,000 versus a total put value of 0 Combined total value = 922,489,625,000
Strike 25800 has a total call value of 946,997,250,000 versus a total put value of 0 Combined total value = 946,997,250,000
Strike 25850 has a total call value of 971,504,875,000 versus a total put value of 0 Combined total value = 971,504,875,000
Strike 25900 has a total call value of 996,012,500,000 versus a total put value of 0 Combined total value = 996,012,500,000
Strike 25950 has a total call value of 1,020,529,875,000 versus a total put value of 0 Combined total value = 1,020,529,875,000
Strike 26000 has a total call value of 1,045,047,250,000 versus a total put value of 0 Combined total value = 1,045,047,250,000
Strike 26050 has a total call value of 1,069,657,750,000 versus a total put value of 0 Combined total value = 1,069,657,750,000
Strike 26100 has a total call value of 1,094,268,250,000 versus a total put value of 0 Combined total value = 1,094,268,250,000
Strike 26150 has a total call value of 1,118,879,625,000 versus a total put value of 0 Combined total value = 1,118,879,625,000
Strike 26200 has a total call value of 1,143,491,000,000 versus a total put value of 0 Combined total value = 1,143,491,000,000
Strike 26250 has a total call value of 1,168,104,000,000 versus a total put value of 0 Combined total value = 1,168,104,000,000
Strike 26300 has a total call value of 1,192,717,000,000 versus a total put value of 0 Combined total value = 1,192,717,000,000
Strike 26350 has a total call value of 1,217,351,375,000 versus a total put value of 0 Combined total value = 1,217,351,375,000
Strike 26400 has a total call value of 1,241,985,750,000 versus a total put value of 0 Combined total value = 1,241,985,750,000
Strike 26450 has a total call value of 1,266,644,750,000 versus a total put value of 0 Combined total value = 1,266,644,750,000
Strike 26500 has a total call value of 1,291,303,750,000 versus a total put value of 0 Combined total value = 1,291,303,750,000
Strike 26550 has a total call value of 1,315,976,875,000 versus a total put value of 0 Combined total value = 1,315,976,875,000
Strike 26600 has a total call value of 1,340,650,000,000 versus a total put value of 0 Combined total value = 1,340,650,000,000
Strike 26650 has a total call value of 1,365,323,625,000 versus a total put value of 0 Combined total value = 1,365,323,625,000
Strike 26700 has a total call value of 1,389,997,250,000 versus a total put value of 0 Combined total value = 1,389,997,250,000
Strike 26750 has a total call value of 1,414,672,750,000 versus a total put value of 0 Combined total value = 1,414,672,750,000
Strike 26800 has a total call value of 1,439,348,250,000 versus a total put value of 0 Combined total value = 1,439,348,250,000
Strike 26850 has a total call value of 1,464,023,750,000 versus a total put value of 0 Combined total value = 1,464,023,750,000
Strike 26900 has a total call value of 1,488,699,250,000 versus a total put value of 0 Combined total value = 1,488,699,250,000
Strike 26950 has a total call value of 1,513,374,750,000 versus a total put value of 0 Combined total value = 1,513,374,750,000
Strike 27000 has a total call value of 1,538,050,250,000 versus a total put value of 0 Combined total value = 1,538,050,250,000
Strike 27050 has a total call value of 1,562,825,500,000 versus a total put value of 0 Combined total value = 1,562,825,500,000
Strike 27100 has a total call value of 1,587,600,750,000 versus a total put value of 0 Combined total value = 1,587,600,750,000
Strike 27150 has a total call value of 1,612,423,750,000 versus a total put value of 0 Combined total value = 1,612,423,750,000
Strike 27200 has a total call value of 1,637,246,750,000 versus a total put value of 0 Combined total value = 1,637,246,750,000
Strike 27250 has a total call value of 1,662,069,750,000 versus a total put value of 0 Combined total value = 1,662,069,750,000
Strike 27300 has a total call value of 1,686,892,750,000 versus a total put value of 0 Combined total value = 1,686,892,750,000
Strike 27350 has a total call value of 1,711,715,750,000 versus a total put value of 0 Combined total value = 1,711,715,750,000
Strike 27400 has a total call value of 1,736,538,750,000 versus a total put value of 0 Combined total value = 1,736,538,750,000
Strike 27450 has a total call value of 1,761,361,750,000 versus a total put value of 0 Combined total value = 1,761,361,750,000
Strike 27500 has a total call value of 1,786,184,750,000 versus a total put value of 0 Combined total value = 1,786,184,750,000
Strike 27550 has a total call value of 1,811,008,000,000 versus a total put value of 0 Combined total value = 1,811,008,000,000
Strike 27600 has a total call value of 1,835,831,250,000 versus a total put value of 0 Combined total value = 1,835,831,250,000
Strike 27650 has a total call value of 1,860,654,500,000 versus a total put value of 0 Combined total value = 1,860,654,500,000
Strike 27700 has a total call value of 1,885,477,750,000 versus a total put value of 0 Combined total value = 1,885,477,750,000
Strike 27750 has a total call value of 1,910,301,000,000 versus a total put value of 0 Combined total value = 1,910,301,000,000
Strike 27800 has a total call value of 1,935,124,250,000 versus a total put value of 0 Combined total value = 1,935,124,250,000
Strike 27850 has a total call value of 1,959,947,500,000 versus a total put value of 0 Combined total value = 1,959,947,500,000
Strike 27900 has a total call value of 1,984,770,750,000 versus a total put value of 0 Combined total value = 1,984,770,750,000
Strike 27950 has a total call value of 2,009,594,000,000 versus a total put value of 0 Combined total value = 2,009,594,000,000
Strike 28000 has a total call value of 2,034,417,250,000 versus a total put value of 0 Combined total value = 2,034,417,250,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.85 | 470 |
| ABB | 6761.75 | 7000 |
| ABBOTINDIA | 27014 | 28000 |
| ABCAPITAL | 183.51 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2033 | 2220 |
| ADANIENT | 2262.75 | 2600 |
| ADANIPORTS | 1132.2 | 1200 |
| ALKEM | 5587.75 | 5500 |
| AMBUJACEM | 491.5 | 540 |
| APOLLOHOSP | 6728.2 | 6900 |
| APOLLOTYRE | 481.95 | 480 |
| ASHOKLEY | 217.56 | 220 |
| ASIANPAINT | 2431.7 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7235 | 7500 |
| AUBANK | 593.2 | 590 |
| AUROPHARMA | 1219.45 | 1300 |
| AXISBANK | 1139.55 | 1150 |
| BAJAJ-AUTO | 9490 | 9700 |
| BAJAJFINSV | 1568.7 | 1620 |
| BAJFINANCE | 6465.75 | 6700 |
| BALKRISIND | 2738.8 | 2800 |
| BANDHANBNK | 166.33 | 180 |
| BANKBARODA | 228.75 | 240 |
| BATAINDIA | 1280.9 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465 | 495 |
| BHARATFORG | 1295 | 1340 |
| BHARTIARTL | 1521.8 | 1540 |
| BHEL | 228.56 | 235 |
| BIOCON | 323.65 | 330 |
| BOSCHLTD | 34091.7 | 34000 |
| BPCL | 281.75 | 300 |
| BRITANNIA | 4775.25 | 5000 |
| BSOFT | 546 | 560 |
| CANBK | 94.62 | 100 |
| CANFINHOME | 820.55 | 830 |
| CHAMBLFERT | 455.7 | 480 |
| CHOLAFIN | 1205.95 | 1240 |
| CIPLA | 1462.85 | 1520 |
| COALINDIA | 404.7 | 425 |
| COFORGE | 8195 | 8000 |
| COLPAL | 2687.6 | 2800 |
| CONCOR | 767.7 | 810 |
| COROMANDEL | 1772.4 | 1720 |
| CROMPTON | 381.25 | 390 |
| CUB | 170.26 | 175 |
| CUMMINSIND | 3289.85 | 3400 |
| DABUR | 505.15 | 525 |
| DALBHARAT | 1774.2 | 1760 |
| DEEPAKNTR | 2616.95 | 2650 |
| DIVISLAB | 5950.25 | 5900 |
| DIXON | 14997.95 | 14750 |
| DLF | 775.8 | 780 |
| DRREDDY | 1193.4 | 1220 |
| EICHERMOT | 4895.55 | 4900 |
| ESCORTS | 3452.7 | 3600 |
| EXIDEIND | 415.1 | 440 |
| FEDERALBNK | 210.13 | 205 |
| GAIL | 187.8 | 197.5 |
| GLENMARK | 1463.5 | 1520 |
| GMRINFRA | 76.92 | 82 |
| GNFC | 555.95 | 570 |
| GODREJCP | 1180.75 | 1200 |
| GODREJPROP | 2697.8 | 2750 |
| GRANULES | 545 | 570 |
| GRASIM | 2545.25 | 2540 |
| GUJGASLTD | 452.9 | 480 |
| HAL | 3983.35 | 4200 |
| HAVELLS | 1631.85 | 1640 |
| HCLTECH | 1831.8 | 1820 |
| HDFCAMC | 4214.05 | 4300 |
| HDFCBANK | 1739.95 | 1740 |
| HDFCLIFE | 673.95 | 680 |
| HEROMOTOCO | 4761.8 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 262 | 290 |
| HINDPETRO | 358.4 | 375 |
| HINDUNILVR | 2386.8 | 2480 |
| ICICIBANK | 1251 | 1260 |
| ICICIGI | 1812.7 | 1880 |
| ICICIPRULI | 679.4 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 63.04 | 66 |
| IEX | 161.02 | 170 |
| IGL | 311.6 | 330 |
| INDHOTEL | 785.3 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 328.8 | 340 |
| INFY | 1833.9 | 1800 |
| IOC | 130.69 | 140 |
| IPCALAB | 1568.6 | 1560 |
| IRCTC | 794.15 | 820 |
| ITC | 456.25 | 475 |
| JINDALSTEL | 870.65 | 900 |
| JKCEMENT | 4006.95 | 4000 |
| JSWSTEEL | 940.5 | 960 |
| JUBLFOOD | 610.3 | 620 |
| KOTAKBANK | 1733.3 | 1760 |
| LALPATHLAB | 3028.85 | 3100 |
| LAURUSLABS | 488.7 | 490 |
| LICHSGFIN | 610.5 | 630 |
| LT | 3483.65 | 3600 |
| LTF | 137.49 | 140 |
| LTIM | 5923.05 | 5900 |
| LTTS | 5173 | 5150 |
| LUPIN | 2038.1 | 2100 |
| M&M | 2938 | 2900 |
| M&MFIN | 256.75 | 265 |
| MANAPPURAM | 150.64 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10873.75 | 11000 |
| MCX | 6159.25 | 6200 |
| METROPOLIS | 2011.5 | 2060 |
| MFSL | 1172.65 | 1200 |
| MGL | 1114.2 | 1160 |
| MOTHERSON | 161.49 | 175 |
| MPHASIS | 2781.5 | 2850 |
| MRF | 123205 | 122500 |
| MUTHOOTFIN | 1901.95 | 1880 |
| NATIONALUM | 245.42 | 240 |
| NAUKRI | 7536.2 | 7700 |
| NAVINFLUOR | 3260.1 | 3400 |
| NESTLEIND | 2202.7 | 2280 |
| NMDC | 217.74 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1929.7 | 1960 |
| OFSS | 11135.9 | 11500 |
| ONGC | 241.8 | 250 |
| PAGEIND | 44445.05 | 45500 |
| PEL | 1053.85 | 1060 |
| PERSISTENT | 5727.85 | 5600 |
| PETRONET | 320.25 | 328 |
| PFC | 452.55 | 460 |
| PIDILITIND | 2934.25 | 3060 |
| PIIND | 4124.1 | 4200 |
| PNB | 96.6 | 102 |
| POLYCAB | 6402.65 | 6500 |
| POWERGRID | 324.25 | 320 |
| PVRINOX | 1443.7 | 1500 |
| RAMCOCEM | 913.25 | 900 |
| RBLBANK | 156.97 | 160 |
| RECLTD | 490 | 510 |
| RELIANCE | 1218.4 | 1290 |
| SAIL | 110.65 | 117.5 |
| SBICARD | 675.35 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.2 | 800 |
| SHREECEM | 24170 | 24500 |
| SHRIRAMFIN | 2809 | 2900 |
| SIEMENS | 6660 | 6800 |
| SRF | 2152.95 | 2260 |
| SUNPHARMA | 1769.8 | 1800 |
| SUNTV | 727.25 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1051.2 | 1100 |
| TATACOMM | 1707.95 | 1780 |
| TATACONSUM | 910.75 | 950 |
| TATAMOTORS | 775 | 800 |
| TATAPOWER | 409.2 | 420 |
| TATASTEEL | 140.1 | 145 |
| TCS | 4064.65 | 4100 |
| TECHM | 1698 | 1680 |
| TITAN | 3179.45 | 3200 |
| TORNTPHARM | 3101.4 | 3150 |
| TRENT | 6450.05 | 6600 |
| TVSMOTOR | 2395.6 | 2450 |
| UBL | 1816.25 | 1880 |
| ULTRACEMCO | 10947.55 | 11000 |
| UNITDSPR | 1489.15 | 1480 |
| UPL | 560.95 | 550 |
| VEDL | 440.85 | 460 |
| VOLTAS | 1667.6 | 1700 |
| WIPRO | 556.75 | 560 |
| ZYDUSLIFE | 942.9 | 980 |
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.
