MIDCPNIFTY
Nifty Midcap Select
Max pain for MIDCPNIFTY
21 Nov 2024 02:16 PM IST
Max Pain for MIDCPNIFTY is 12175
Strike 10600 has a total call value of 0 versus a total put value of 1,366,153,000,000 Combined total value = 1,366,153,000,000
Strike 10625 has a total call value of 0 versus a total put value of 1,338,213,000,000 Combined total value = 1,338,213,000,000
Strike 10650 has a total call value of 0 versus a total put value of 1,310,273,000,000 Combined total value = 1,310,273,000,000
Strike 10675 has a total call value of 0 versus a total put value of 1,282,333,000,000 Combined total value = 1,282,333,000,000
Strike 10700 has a total call value of 0 versus a total put value of 1,254,393,000,000 Combined total value = 1,254,393,000,000
Strike 10725 has a total call value of 0 versus a total put value of 1,226,453,000,000 Combined total value = 1,226,453,000,000
Strike 10750 has a total call value of 0 versus a total put value of 1,198,513,000,000 Combined total value = 1,198,513,000,000
Strike 10775 has a total call value of 0 versus a total put value of 1,170,573,000,000 Combined total value = 1,170,573,000,000
Strike 10800 has a total call value of 0 versus a total put value of 1,142,633,000,000 Combined total value = 1,142,633,000,000
Strike 10825 has a total call value of 0 versus a total put value of 1,114,763,875,000 Combined total value = 1,114,763,875,000
Strike 10850 has a total call value of 0 versus a total put value of 1,086,894,750,000 Combined total value = 1,086,894,750,000
Strike 10875 has a total call value of 0 versus a total put value of 1,059,025,625,000 Combined total value = 1,059,025,625,000
Strike 10900 has a total call value of 0 versus a total put value of 1,031,156,500,000 Combined total value = 1,031,156,500,000
Strike 10925 has a total call value of 0 versus a total put value of 1,003,293,000,000 Combined total value = 1,003,293,000,000
Strike 10950 has a total call value of 0 versus a total put value of 975,429,500,000 Combined total value = 975,429,500,000
Strike 10975 has a total call value of 0 versus a total put value of 947,566,000,000 Combined total value = 947,566,000,000
Strike 11000 has a total call value of 0 versus a total put value of 919,702,500,000 Combined total value = 919,702,500,000
Strike 11025 has a total call value of 0 versus a total put value of 893,442,375,000 Combined total value = 893,442,375,000
Strike 11050 has a total call value of 0 versus a total put value of 867,182,250,000 Combined total value = 867,182,250,000
Strike 11075 has a total call value of 0 versus a total put value of 840,922,125,000 Combined total value = 840,922,125,000
Strike 11100 has a total call value of 0 versus a total put value of 814,662,000,000 Combined total value = 814,662,000,000
Strike 11125 has a total call value of 0 versus a total put value of 788,568,375,000 Combined total value = 788,568,375,000
Strike 11150 has a total call value of 0 versus a total put value of 762,474,750,000 Combined total value = 762,474,750,000
Strike 11175 has a total call value of 0 versus a total put value of 736,381,125,000 Combined total value = 736,381,125,000
Strike 11200 has a total call value of 0 versus a total put value of 710,287,500,000 Combined total value = 710,287,500,000
Strike 11225 has a total call value of 0 versus a total put value of 684,828,750,000 Combined total value = 684,828,750,000
Strike 11250 has a total call value of 0 versus a total put value of 659,370,000,000 Combined total value = 659,370,000,000
Strike 11275 has a total call value of 0 versus a total put value of 633,911,250,000 Combined total value = 633,911,250,000
Strike 11300 has a total call value of 0 versus a total put value of 608,452,500,000 Combined total value = 608,452,500,000
Strike 11325 has a total call value of 0 versus a total put value of 583,780,750,000 Combined total value = 583,780,750,000
Strike 11350 has a total call value of 0 versus a total put value of 559,125,000,000 Combined total value = 559,125,000,000
Strike 11375 has a total call value of 0 versus a total put value of 534,677,125,000 Combined total value = 534,677,125,000
Strike 11400 has a total call value of 0 versus a total put value of 510,285,250,000 Combined total value = 510,285,250,000
Strike 11425 has a total call value of 0 versus a total put value of 486,389,625,000 Combined total value = 486,389,625,000
Strike 11450 has a total call value of 0 versus a total put value of 462,525,625,000 Combined total value = 462,525,625,000
Strike 11475 has a total call value of 0 versus a total put value of 438,916,875,000 Combined total value = 438,916,875,000
Strike 11500 has a total call value of 0 versus a total put value of 415,374,375,000 Combined total value = 415,374,375,000
Strike 11525 has a total call value of 1,625,000 versus a total put value of 394,949,375,000 Combined total value = 394,951,000,000
Strike 11550 has a total call value of 3,250,000 versus a total put value of 374,583,875,000 Combined total value = 374,587,125,000
Strike 11575 has a total call value of 4,875,000 versus a total put value of 354,571,625,000 Combined total value = 354,576,500,000
Strike 11600 has a total call value of 6,500,000 versus a total put value of 334,625,000,000 Combined total value = 334,631,500,000
Strike 11625 has a total call value of 8,625,000 versus a total put value of 315,484,625,000 Combined total value = 315,493,250,000
Strike 11650 has a total call value of 10,750,000 versus a total put value of 296,481,500,000 Combined total value = 296,492,250,000
Strike 11675 has a total call value of 12,875,000 versus a total put value of 277,785,125,000 Combined total value = 277,798,000,000
Strike 11700 has a total call value of 15,000,000 versus a total put value of 259,238,000,000 Combined total value = 259,253,000,000
Strike 11725 has a total call value of 17,750,000 versus a total put value of 241,994,250,000 Combined total value = 242,012,000,000
Strike 11750 has a total call value of 20,500,000 versus a total put value of 224,946,875,000 Combined total value = 224,967,375,000
Strike 11775 has a total call value of 23,375,000 versus a total put value of 208,284,750,000 Combined total value = 208,308,125,000
Strike 11800 has a total call value of 26,250,000 versus a total put value of 191,726,375,000 Combined total value = 191,752,625,000
Strike 11825 has a total call value of 56,250,000 versus a total put value of 176,004,750,000 Combined total value = 176,061,000,000
Strike 11850 has a total call value of 87,375,000 versus a total put value of 160,418,000,000 Combined total value = 160,505,375,000
Strike 11875 has a total call value of 121,000,000 versus a total put value of 145,156,125,000 Combined total value = 145,277,125,000
Strike 11900 has a total call value of 155,875,000 versus a total put value of 130,067,125,000 Combined total value = 130,223,000,000
Strike 11925 has a total call value of 226,375,000 versus a total put value of 115,660,375,000 Combined total value = 115,886,750,000
Strike 11950 has a total call value of 307,500,000 versus a total put value of 101,518,625,000 Combined total value = 101,826,125,000
Strike 11975 has a total call value of 429,000,000 versus a total put value of 87,763,875,000 Combined total value = 88,192,875,000
Strike 12000 has a total call value of 597,625,000 versus a total put value of 74,392,250,000 Combined total value = 74,989,875,000
Strike 12025 has a total call value of 1,299,000,000 versus a total put value of 63,220,000,000 Combined total value = 64,519,000,000
Strike 12050 has a total call value of 2,084,625,000 versus a total put value of 52,580,625,000 Combined total value = 54,665,250,000
Strike 12075 has a total call value of 3,026,875,000 versus a total put value of 42,840,375,000 Combined total value = 45,867,250,000
Strike 12100 has a total call value of 4,172,750,000 versus a total put value of 33,779,125,000 Combined total value = 37,951,875,000
Strike 12125 has a total call value of 6,669,875,000 versus a total put value of 27,150,750,000 Combined total value = 33,820,625,000
Strike 12150 has a total call value of 9,634,875,000 versus a total put value of 21,232,375,000 Combined total value = 30,867,250,000
Strike 12175 has a total call value of 13,123,250,000 versus a total put value of 16,513,375,000 Combined total value = 29,636,625,000
Strike 12200 has a total call value of 17,269,625,000 versus a total put value of 12,533,750,000 Combined total value = 29,803,375,000
Strike 12225 has a total call value of 23,724,250,000 versus a total put value of 10,123,250,000 Combined total value = 33,847,500,000
Strike 12250 has a total call value of 31,123,375,000 versus a total put value of 7,978,625,000 Combined total value = 39,102,000,000
Strike 12275 has a total call value of 39,610,500,000 versus a total put value of 6,153,500,000 Combined total value = 45,764,000,000
Strike 12300 has a total call value of 48,589,750,000 versus a total put value of 4,538,500,000 Combined total value = 53,128,250,000
Strike 12325 has a total call value of 59,710,750,000 versus a total put value of 3,894,875,000 Combined total value = 63,605,625,000
Strike 12350 has a total call value of 71,344,250,000 versus a total put value of 3,359,875,000 Combined total value = 74,704,125,000
Strike 12375 has a total call value of 83,571,875,000 versus a total put value of 2,890,125,000 Combined total value = 86,462,000,000
Strike 12400 has a total call value of 96,135,250,000 versus a total put value of 2,477,875,000 Combined total value = 98,613,125,000
Strike 12425 has a total call value of 110,385,625,000 versus a total put value of 2,240,875,000 Combined total value = 112,626,500,000
Strike 12450 has a total call value of 125,101,750,000 versus a total put value of 2,021,500,000 Combined total value = 127,123,250,000
Strike 12475 has a total call value of 140,268,000,000 versus a total put value of 1,817,750,000 Combined total value = 142,085,750,000
Strike 12500 has a total call value of 155,709,375,000 versus a total put value of 1,625,250,000 Combined total value = 157,334,625,000
Strike 12525 has a total call value of 172,504,250,000 versus a total put value of 1,517,625,000 Combined total value = 174,021,875,000
Strike 12550 has a total call value of 189,505,750,000 versus a total put value of 1,413,000,000 Combined total value = 190,918,750,000
Strike 12575 has a total call value of 207,541,000,000 versus a total put value of 1,308,375,000 Combined total value = 208,849,375,000
Strike 12600 has a total call value of 225,872,500,000 versus a total put value of 1,203,750,000 Combined total value = 227,076,250,000
Strike 12625 has a total call value of 245,510,500,000 versus a total put value of 1,107,125,000 Combined total value = 246,617,625,000
Strike 12650 has a total call value of 265,339,375,000 versus a total put value of 1,010,500,000 Combined total value = 266,349,875,000
Strike 12675 has a total call value of 285,571,750,000 versus a total put value of 913,875,000 Combined total value = 286,485,625,000
Strike 12700 has a total call value of 306,114,500,000 versus a total put value of 817,250,000 Combined total value = 306,931,750,000
Strike 12725 has a total call value of 328,527,375,000 versus a total put value of 747,500,000 Combined total value = 329,274,875,000
Strike 12750 has a total call value of 351,094,500,000 versus a total put value of 678,000,000 Combined total value = 351,772,500,000
Strike 12775 has a total call value of 373,851,625,000 versus a total put value of 608,500,000 Combined total value = 374,460,125,000
Strike 12800 has a total call value of 396,763,875,000 versus a total put value of 539,000,000 Combined total value = 397,302,875,000
Strike 12825 has a total call value of 420,642,500,000 versus a total put value of 469,500,000 Combined total value = 421,112,000,000
Strike 12850 has a total call value of 444,565,375,000 versus a total put value of 400,000,000 Combined total value = 444,965,375,000
Strike 12875 has a total call value of 468,677,250,000 versus a total put value of 330,500,000 Combined total value = 469,007,750,000
Strike 12900 has a total call value of 492,789,125,000 versus a total put value of 261,000,000 Combined total value = 493,050,125,000
Strike 12925 has a total call value of 517,228,500,000 versus a total put value of 195,750,000 Combined total value = 517,424,250,000
Strike 12950 has a total call value of 541,696,250,000 versus a total put value of 130,500,000 Combined total value = 541,826,750,000
Strike 12975 has a total call value of 566,245,000,000 versus a total put value of 65,250,000 Combined total value = 566,310,250,000
Strike 13000 has a total call value of 590,793,750,000 versus a total put value of 0 Combined total value = 590,793,750,000
Strike 13025 has a total call value of 617,947,625,000 versus a total put value of 0 Combined total value = 617,947,625,000
Strike 13050 has a total call value of 645,115,125,000 versus a total put value of 0 Combined total value = 645,115,125,000
Strike 13075 has a total call value of 672,347,750,000 versus a total put value of 0 Combined total value = 672,347,750,000
Strike 13100 has a total call value of 699,580,375,000 versus a total put value of 0 Combined total value = 699,580,375,000
Strike 13125 has a total call value of 727,186,375,000 versus a total put value of 0 Combined total value = 727,186,375,000
Strike 13150 has a total call value of 754,792,375,000 versus a total put value of 0 Combined total value = 754,792,375,000
Strike 13175 has a total call value of 782,399,375,000 versus a total put value of 0 Combined total value = 782,399,375,000
Strike 13200 has a total call value of 810,006,375,000 versus a total put value of 0 Combined total value = 810,006,375,000
Strike 13225 has a total call value of 837,910,375,000 versus a total put value of 0 Combined total value = 837,910,375,000
Strike 13250 has a total call value of 865,814,375,000 versus a total put value of 0 Combined total value = 865,814,375,000
Strike 13275 has a total call value of 893,718,375,000 versus a total put value of 0 Combined total value = 893,718,375,000
Strike 13300 has a total call value of 921,622,375,000 versus a total put value of 0 Combined total value = 921,622,375,000
Strike 13325 has a total call value of 949,581,875,000 versus a total put value of 0 Combined total value = 949,581,875,000
Strike 13350 has a total call value of 977,541,375,000 versus a total put value of 0 Combined total value = 977,541,375,000
Strike 13375 has a total call value of 1,005,500,875,000 versus a total put value of 0 Combined total value = 1,005,500,875,000
Strike 13400 has a total call value of 1,033,460,375,000 versus a total put value of 0 Combined total value = 1,033,460,375,000
Strike 13425 has a total call value of 1,061,433,375,000 versus a total put value of 0 Combined total value = 1,061,433,375,000
Strike 13450 has a total call value of 1,089,406,375,000 versus a total put value of 0 Combined total value = 1,089,406,375,000
Strike 13475 has a total call value of 1,117,379,375,000 versus a total put value of 0 Combined total value = 1,117,379,375,000
Strike 13500 has a total call value of 1,145,352,375,000 versus a total put value of 0 Combined total value = 1,145,352,375,000
Strike 13525 has a total call value of 1,173,485,625,000 versus a total put value of 0 Combined total value = 1,173,485,625,000
Strike 13550 has a total call value of 1,201,618,875,000 versus a total put value of 0 Combined total value = 1,201,618,875,000
Strike 13575 has a total call value of 1,229,752,125,000 versus a total put value of 0 Combined total value = 1,229,752,125,000
Strike 13600 has a total call value of 1,257,887,125,000 versus a total put value of 0 Combined total value = 1,257,887,125,000
Strike 13625 has a total call value of 1,286,082,000,000 versus a total put value of 0 Combined total value = 1,286,082,000,000
Strike 13650 has a total call value of 1,314,276,875,000 versus a total put value of 0 Combined total value = 1,314,276,875,000
Strike 13675 has a total call value of 1,342,471,750,000 versus a total put value of 0 Combined total value = 1,342,471,750,000
Strike 13700 has a total call value of 1,370,668,625,000 versus a total put value of 0 Combined total value = 1,370,668,625,000
Strike 13725 has a total call value of 1,398,865,500,000 versus a total put value of 0 Combined total value = 1,398,865,500,000
Strike 13750 has a total call value of 1,427,062,375,000 versus a total put value of 0 Combined total value = 1,427,062,375,000
Strike 13775 has a total call value of 1,455,259,250,000 versus a total put value of 0 Combined total value = 1,455,259,250,000
Strike 13800 has a total call value of 1,483,456,125,000 versus a total put value of 0 Combined total value = 1,483,456,125,000
Strike 13825 has a total call value of 1,511,653,000,000 versus a total put value of 0 Combined total value = 1,511,653,000,000
Strike 13850 has a total call value of 1,539,849,875,000 versus a total put value of 0 Combined total value = 1,539,849,875,000
Strike 13875 has a total call value of 1,568,046,750,000 versus a total put value of 0 Combined total value = 1,568,046,750,000
Strike 13900 has a total call value of 1,596,243,625,000 versus a total put value of 0 Combined total value = 1,596,243,625,000
Strike 13925 has a total call value of 1,624,440,500,000 versus a total put value of 0 Combined total value = 1,624,440,500,000
Strike 13950 has a total call value of 1,652,637,375,000 versus a total put value of 0 Combined total value = 1,652,637,375,000
Strike 13975 has a total call value of 1,680,834,250,000 versus a total put value of 0 Combined total value = 1,680,834,250,000
Strike 14000 has a total call value of 1,709,031,125,000 versus a total put value of 0 Combined total value = 1,709,031,125,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.85 | 470 |
| ABB | 6757.9 | 7000 |
| ABBOTINDIA | 26994.4 | 28000 |
| ABCAPITAL | 183.77 | 200 |
| ABFRL | 285.3 | 300 |
| ACC | 2037.85 | 2220 |
| ADANIENT | 2287 | 2640 |
| ADANIPORTS | 1135.35 | 1200 |
| ALKEM | 5578.65 | 5500 |
| AMBUJACEM | 496.15 | 540 |
| APOLLOHOSP | 6723.65 | 6900 |
| APOLLOTYRE | 484.65 | 480 |
| ASHOKLEY | 217.58 | 220 |
| ASIANPAINT | 2428.55 | 2540 |
| ASTRAL | 1713.75 | 1780 |
| ATUL | 7251.5 | 7500 |
| AUBANK | 593.55 | 590 |
| AUROPHARMA | 1219.8 | 1300 |
| AXISBANK | 1141.1 | 1150 |
| BAJAJ-AUTO | 9492 | 9700 |
| BAJAJFINSV | 1572.75 | 1620 |
| BAJFINANCE | 6475 | 6700 |
| BALKRISIND | 2741.8 | 2800 |
| BANDHANBNK | 166.49 | 177.5 |
| BANKBARODA | 229.8 | 240 |
| BATAINDIA | 1281.25 | 1310 |
| BEL | 275 | 285 |
| BERGEPAINT | 466.65 | 495 |
| BHARATFORG | 1298.2 | 1340 |
| BHARTIARTL | 1521.75 | 1540 |
| BHEL | 228.05 | 235 |
| BIOCON | 324.8 | 330 |
| BOSCHLTD | 34086 | 34000 |
| BPCL | 282.35 | 300 |
| BRITANNIA | 4772 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.86 | 100 |
| CANFINHOME | 823.6 | 830 |
| CHAMBLFERT | 459.95 | 480 |
| CHOLAFIN | 1210.35 | 1240 |
| CIPLA | 1459 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8213.2 | 8000 |
| COLPAL | 2687.1 | 2800 |
| CONCOR | 769 | 810 |
| COROMANDEL | 1778 | 1720 |
| CROMPTON | 381.65 | 390 |
| CUB | 170.39 | 175 |
| CUMMINSIND | 3292 | 3400 |
| DABUR | 504.55 | 525 |
| DALBHARAT | 1778.45 | 1760 |
| DEEPAKNTR | 2624.15 | 2650 |
| DIVISLAB | 5956.85 | 5900 |
| DIXON | 15023.1 | 14750 |
| DLF | 777.35 | 780 |
| DRREDDY | 1193.3 | 1220 |
| EICHERMOT | 4905 | 4900 |
| ESCORTS | 3459.05 | 3600 |
| EXIDEIND | 416.4 | 440 |
| FEDERALBNK | 210.7 | 205 |
| GAIL | 188.82 | 197.5 |
| GLENMARK | 1466.4 | 1520 |
| GMRINFRA | 77.04 | 82 |
| GNFC | 556.9 | 570 |
| GODREJCP | 1180.2 | 1200 |
| GODREJPROP | 2712.45 | 2750 |
| GRANULES | 546.6 | 580 |
| GRASIM | 2542.95 | 2540 |
| GUJGASLTD | 454 | 480 |
| HAL | 3994 | 4200 |
| HAVELLS | 1632.05 | 1640 |
| HCLTECH | 1833 | 1820 |
| HDFCAMC | 4206 | 4300 |
| HDFCBANK | 1742.6 | 1740 |
| HDFCLIFE | 674.55 | 680 |
| HEROMOTOCO | 4756.3 | 4800 |
| HINDALCO | 645.7 | 650 |
| HINDCOPPER | 263.4 | 290 |
| HINDPETRO | 360.3 | 375 |
| HINDUNILVR | 2380 | 2480 |
| ICICIBANK | 1252.15 | 1260 |
| ICICIGI | 1818.05 | 1880 |
| ICICIPRULI | 679.95 | 690 |
| IDEA | 6.98 | 8 |
| IDFCFIRSTB | 63.18 | 66 |
| IEX | 161.37 | 170 |
| IGL | 311.85 | 330 |
| INDHOTEL | 791.25 | 760 |
| INDIAMART | 2251 | 2400 |
| INDIGO | 4063.25 | 4000 |
| INDUSINDBK | 974.2 | 1040 |
| INDUSTOWER | 330.35 | 340 |
| INFY | 1829.85 | 1800 |
| IOC | 131.12 | 140 |
| IPCALAB | 1569.15 | 1560 |
| IRCTC | 796.95 | 820 |
| ITC | 455.75 | 475 |
| JINDALSTEL | 874.5 | 900 |
| JKCEMENT | 4010.3 | 4000 |
| JSWSTEEL | 943.5 | 960 |
| JUBLFOOD | 610.95 | 620 |
| KOTAKBANK | 1735.45 | 1760 |
| LALPATHLAB | 3023.5 | 3100 |
| LAURUSLABS | 488.9 | 490 |
| LICHSGFIN | 611.7 | 630 |
| LT | 3493.55 | 3600 |
| LTF | 138.06 | 140 |
| LTIM | 5920.3 | 5900 |
| LTTS | 5179.35 | 5150 |
| LUPIN | 2040.95 | 2100 |
| M&M | 2943.3 | 2900 |
| M&MFIN | 257.15 | 265 |
| MANAPPURAM | 150.94 | 155 |
| MARICO | 590.4 | 600 |
| MARUTI | 10910.9 | 11000 |
| MCX | 6186.9 | 6200 |
| METROPOLIS | 2010.95 | 2060 |
| MFSL | 1176.9 | 1200 |
| MGL | 1118.1 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2777.1 | 2850 |
| MRF | 123168.8 | 122500 |
| MUTHOOTFIN | 1908 | 1880 |
| NATIONALUM | 248.74 | 240 |
| NAUKRI | 7543.3 | 7700 |
| NAVINFLUOR | 3267.15 | 3400 |
| NESTLEIND | 2205.65 | 2280 |
| NMDC | 218.51 | 225 |
| NTPC | 356.55 | 370 |
| OBEROIRLTY | 1934.5 | 1960 |
| OFSS | 11141.8 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44595.25 | 45500 |
| PEL | 1052.75 | 1060 |
| PERSISTENT | 5733.3 | 5600 |
| PETRONET | 320.8 | 328 |
| PFC | 452.8 | 460 |
| PIDILITIND | 2943.35 | 3060 |
| PIIND | 4130.3 | 4200 |
| PNB | 96.84 | 102 |
| POLYCAB | 6425.8 | 6500 |
| POWERGRID | 322.15 | 320 |
| PVRINOX | 1445.05 | 1500 |
| RAMCOCEM | 916.85 | 900 |
| RBLBANK | 157.76 | 160 |
| RECLTD | 490.3 | 510 |
| RELIANCE | 1220.2 | 1290 |
| SAIL | 111.17 | 115 |
| SBICARD | 674 | 690 |
| SBILIFE | 1483.4 | 1520 |
| SBIN | 781 | 800 |
| SHREECEM | 24251.3 | 24500 |
| SHRIRAMFIN | 2803.15 | 2900 |
| SIEMENS | 6685 | 6800 |
| SRF | 2155.55 | 2260 |
| SUNPHARMA | 1764.5 | 1800 |
| SUNTV | 728.45 | 730 |
| SYNGENE | 844.5 | 870 |
| TATACHEM | 1056.95 | 1100 |
| TATACOMM | 1711.45 | 1780 |
| TATACONSUM | 911.65 | 950 |
| TATAMOTORS | 777.9 | 800 |
| TATAPOWER | 410.35 | 420 |
| TATASTEEL | 140.4 | 145 |
| TCS | 4056.85 | 4100 |
| TECHM | 1698.5 | 1680 |
| TITAN | 3165.75 | 3200 |
| TORNTPHARM | 3096.85 | 3150 |
| TRENT | 6460.55 | 6600 |
| TVSMOTOR | 2399 | 2450 |
| UBL | 1820.95 | 1880 |
| ULTRACEMCO | 10928.25 | 11000 |
| UNITDSPR | 1491.15 | 1480 |
| UPL | 563.5 | 540 |
| VEDL | 442.75 | 460 |
| VOLTAS | 1672.4 | 1700 |
| WIPRO | 557 | 560 |
| ZYDUSLIFE | 941.75 | 960 |
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.
