SENSEX
Sensex
Max pain for SENSEX
21 Nov 2024 02:29 PM IST
Max Pain for SENSEX is 77100
Strike 73300 has a total call value of 0 versus a total put value of 1,224,990,500,000 Combined total value = 1,224,990,500,000
Strike 73400 has a total call value of 0 versus a total put value of 1,179,160,900,000 Combined total value = 1,179,160,900,000
Strike 73500 has a total call value of 0 versus a total put value of 1,134,435,800,000 Combined total value = 1,134,435,800,000
Strike 73600 has a total call value of 0 versus a total put value of 1,090,776,300,000 Combined total value = 1,090,776,300,000
Strike 73700 has a total call value of 0 versus a total put value of 1,048,096,200,000 Combined total value = 1,048,096,200,000
Strike 73800 has a total call value of 0 versus a total put value of 1,005,695,400,000 Combined total value = 1,005,695,400,000
Strike 73900 has a total call value of 0 versus a total put value of 963,570,700,000 Combined total value = 963,570,700,000
Strike 74000 has a total call value of 0 versus a total put value of 921,654,500,000 Combined total value = 921,654,500,000
Strike 74100 has a total call value of 100,000 versus a total put value of 882,077,500,000 Combined total value = 882,077,600,000
Strike 74200 has a total call value of 200,000 versus a total put value of 842,662,600,000 Combined total value = 842,662,800,000
Strike 74300 has a total call value of 300,000 versus a total put value of 803,349,000,000 Combined total value = 803,349,300,000
Strike 74400 has a total call value of 400,000 versus a total put value of 764,163,900,000 Combined total value = 764,164,300,000
Strike 74500 has a total call value of 500,000 versus a total put value of 725,130,700,000 Combined total value = 725,131,200,000
Strike 74600 has a total call value of 600,000 versus a total put value of 687,892,800,000 Combined total value = 687,893,400,000
Strike 74700 has a total call value of 700,000 versus a total put value of 650,909,200,000 Combined total value = 650,909,900,000
Strike 74800 has a total call value of 800,000 versus a total put value of 614,165,200,000 Combined total value = 614,166,000,000
Strike 74900 has a total call value of 1,000,000 versus a total put value of 577,722,700,000 Combined total value = 577,723,700,000
Strike 75000 has a total call value of 1,200,000 versus a total put value of 541,890,100,000 Combined total value = 541,891,300,000
Strike 75100 has a total call value of 4,300,000 versus a total put value of 509,216,200,000 Combined total value = 509,220,500,000
Strike 75200 has a total call value of 7,400,000 versus a total put value of 476,945,200,000 Combined total value = 476,952,600,000
Strike 75300 has a total call value of 10,500,000 versus a total put value of 445,352,800,000 Combined total value = 445,363,300,000
Strike 75400 has a total call value of 13,600,000 versus a total put value of 414,251,500,000 Combined total value = 414,265,100,000
Strike 75500 has a total call value of 16,700,000 versus a total put value of 383,539,300,000 Combined total value = 383,556,000,000
Strike 75600 has a total call value of 27,100,000 versus a total put value of 354,564,600,000 Combined total value = 354,591,700,000
Strike 75700 has a total call value of 37,500,000 versus a total put value of 326,040,600,000 Combined total value = 326,078,100,000
Strike 75800 has a total call value of 48,400,000 versus a total put value of 298,570,000,000 Combined total value = 298,618,400,000
Strike 75900 has a total call value of 61,100,000 versus a total put value of 272,263,200,000 Combined total value = 272,324,300,000
Strike 76000 has a total call value of 82,700,000 versus a total put value of 246,543,200,000 Combined total value = 246,625,900,000
Strike 76100 has a total call value of 159,100,000 versus a total put value of 223,017,300,000 Combined total value = 223,176,400,000
Strike 76200 has a total call value of 253,500,000 versus a total put value of 200,139,400,000 Combined total value = 200,392,900,000
Strike 76300 has a total call value of 368,200,000 versus a total put value of 177,992,600,000 Combined total value = 178,360,800,000
Strike 76400 has a total call value of 508,200,000 versus a total put value of 156,596,000,000 Combined total value = 157,104,200,000
Strike 76500 has a total call value of 686,300,000 versus a total put value of 136,073,400,000 Combined total value = 136,759,700,000
Strike 76600 has a total call value of 1,068,000,000 versus a total put value of 117,597,300,000 Combined total value = 118,665,300,000
Strike 76700 has a total call value of 1,566,200,000 versus a total put value of 100,162,800,000 Combined total value = 101,729,000,000
Strike 76800 has a total call value of 2,266,500,000 versus a total put value of 83,712,900,000 Combined total value = 85,979,400,000
Strike 76900 has a total call value of 3,460,200,000 versus a total put value of 68,750,700,000 Combined total value = 72,210,900,000
Strike 77000 has a total call value of 5,295,600,000 versus a total put value of 55,343,600,000 Combined total value = 60,639,200,000
Strike 77100 has a total call value of 10,355,700,000 versus a total put value of 46,686,800,000 Combined total value = 57,042,500,000
Strike 77200 has a total call value of 18,241,600,000 versus a total put value of 40,585,500,000 Combined total value = 58,827,100,000
Strike 77300 has a total call value of 28,423,000,000 versus a total put value of 35,972,400,000 Combined total value = 64,395,400,000
Strike 77400 has a total call value of 40,002,500,000 versus a total put value of 31,957,600,000 Combined total value = 71,960,100,000
Strike 77500 has a total call value of 53,393,600,000 versus a total put value of 28,335,900,000 Combined total value = 81,729,500,000
Strike 77600 has a total call value of 69,434,000,000 versus a total put value of 25,353,700,000 Combined total value = 94,787,700,000
Strike 77700 has a total call value of 86,682,500,000 versus a total put value of 22,607,100,000 Combined total value = 109,289,600,000
Strike 77800 has a total call value of 105,274,900,000 versus a total put value of 20,143,800,000 Combined total value = 125,418,700,000
Strike 77900 has a total call value of 125,220,200,000 versus a total put value of 17,834,400,000 Combined total value = 143,054,600,000
Strike 78000 has a total call value of 146,111,800,000 versus a total put value of 15,600,400,000 Combined total value = 161,712,200,000
Strike 78100 has a total call value of 170,529,300,000 versus a total put value of 14,053,700,000 Combined total value = 184,583,000,000
Strike 78200 has a total call value of 195,912,700,000 versus a total put value of 12,590,200,000 Combined total value = 208,502,900,000
Strike 78300 has a total call value of 222,419,800,000 versus a total put value of 11,215,900,000 Combined total value = 233,635,700,000
Strike 78400 has a total call value of 250,096,900,000 versus a total put value of 9,944,600,000 Combined total value = 260,041,500,000
Strike 78500 has a total call value of 278,925,100,000 versus a total put value of 8,879,600,000 Combined total value = 287,804,700,000
Strike 78600 has a total call value of 310,841,200,000 versus a total put value of 8,177,400,000 Combined total value = 319,018,600,000
Strike 78700 has a total call value of 343,875,600,000 versus a total put value of 7,512,500,000 Combined total value = 351,388,100,000
Strike 78800 has a total call value of 377,856,300,000 versus a total put value of 6,876,800,000 Combined total value = 384,733,100,000
Strike 78900 has a total call value of 412,783,700,000 versus a total put value of 6,271,800,000 Combined total value = 419,055,500,000
Strike 79000 has a total call value of 448,680,400,000 versus a total put value of 5,689,600,000 Combined total value = 454,370,000,000
Strike 79100 has a total call value of 488,558,900,000 versus a total put value of 5,255,700,000 Combined total value = 493,814,600,000
Strike 79200 has a total call value of 529,192,800,000 versus a total put value of 4,833,000,000 Combined total value = 534,025,800,000
Strike 79300 has a total call value of 571,091,900,000 versus a total put value of 4,426,900,000 Combined total value = 575,518,800,000
Strike 79400 has a total call value of 613,909,700,000 versus a total put value of 4,030,500,000 Combined total value = 617,940,200,000
Strike 79500 has a total call value of 657,814,100,000 versus a total put value of 3,641,700,000 Combined total value = 661,455,800,000
Strike 79600 has a total call value of 705,081,000,000 versus a total put value of 3,310,400,000 Combined total value = 708,391,400,000
Strike 79700 has a total call value of 752,806,600,000 versus a total put value of 2,991,400,000 Combined total value = 755,798,000,000
Strike 79800 has a total call value of 801,439,400,000 versus a total put value of 2,683,000,000 Combined total value = 804,122,400,000
Strike 79900 has a total call value of 850,640,300,000 versus a total put value of 2,377,600,000 Combined total value = 853,017,900,000
Strike 80000 has a total call value of 900,326,600,000 versus a total put value of 2,075,900,000 Combined total value = 902,402,500,000
Strike 80100 has a total call value of 954,696,100,000 versus a total put value of 1,950,700,000 Combined total value = 956,646,800,000
Strike 80200 has a total call value of 1,009,818,900,000 versus a total put value of 1,835,300,000 Combined total value = 1,011,654,200,000
Strike 80300 has a total call value of 1,065,393,500,000 versus a total put value of 1,720,600,000 Combined total value = 1,067,114,100,000
Strike 80400 has a total call value of 1,121,416,000,000 versus a total put value of 1,606,100,000 Combined total value = 1,123,022,100,000
Strike 80500 has a total call value of 1,177,868,500,000 versus a total put value of 1,492,000,000 Combined total value = 1,179,360,500,000
Strike 80600 has a total call value of 1,236,608,400,000 versus a total put value of 1,377,900,000 Combined total value = 1,237,986,300,000
Strike 80700 has a total call value of 1,295,715,000,000 versus a total put value of 1,263,800,000 Combined total value = 1,296,978,800,000
Strike 80800 has a total call value of 1,355,028,300,000 versus a total put value of 1,149,700,000 Combined total value = 1,356,178,000,000
Strike 80900 has a total call value of 1,414,697,800,000 versus a total put value of 1,035,600,000 Combined total value = 1,415,733,400,000
Strike 81000 has a total call value of 1,474,635,000,000 versus a total put value of 921,500,000 Combined total value = 1,475,556,500,000
Strike 81100 has a total call value of 1,536,091,400,000 versus a total put value of 833,200,000 Combined total value = 1,536,924,600,000
Strike 81200 has a total call value of 1,597,734,100,000 versus a total put value of 744,900,000 Combined total value = 1,598,479,000,000
Strike 81300 has a total call value of 1,659,527,700,000 versus a total put value of 656,600,000 Combined total value = 1,660,184,300,000
Strike 81400 has a total call value of 1,721,477,200,000 versus a total put value of 568,300,000 Combined total value = 1,722,045,500,000
Strike 81500 has a total call value of 1,783,511,800,000 versus a total put value of 480,000,000 Combined total value = 1,783,991,800,000
Strike 81600 has a total call value of 1,846,895,200,000 versus a total put value of 401,900,000 Combined total value = 1,847,297,100,000
Strike 81700 has a total call value of 1,910,384,400,000 versus a total put value of 323,800,000 Combined total value = 1,910,708,200,000
Strike 81800 has a total call value of 1,974,022,200,000 versus a total put value of 245,700,000 Combined total value = 1,974,267,900,000
Strike 81900 has a total call value of 2,037,686,500,000 versus a total put value of 167,600,000 Combined total value = 2,037,854,100,000
Strike 82000 has a total call value of 2,101,417,600,000 versus a total put value of 89,500,000 Combined total value = 2,101,507,100,000
Strike 82100 has a total call value of 2,166,591,600,000 versus a total put value of 85,400,000 Combined total value = 2,166,677,000,000
Strike 82200 has a total call value of 2,231,780,100,000 versus a total put value of 81,300,000 Combined total value = 2,231,861,400,000
Strike 82300 has a total call value of 2,296,968,600,000 versus a total put value of 77,200,000 Combined total value = 2,297,045,800,000
Strike 82400 has a total call value of 2,362,157,100,000 versus a total put value of 73,100,000 Combined total value = 2,362,230,200,000
Strike 82500 has a total call value of 2,427,345,600,000 versus a total put value of 69,000,000 Combined total value = 2,427,414,600,000
Strike 82600 has a total call value of 2,493,202,900,000 versus a total put value of 64,900,000 Combined total value = 2,493,267,800,000
Strike 82700 has a total call value of 2,559,075,400,000 versus a total put value of 60,800,000 Combined total value = 2,559,136,200,000
Strike 82800 has a total call value of 2,624,947,900,000 versus a total put value of 56,700,000 Combined total value = 2,625,004,600,000
Strike 82900 has a total call value of 2,690,820,400,000 versus a total put value of 52,600,000 Combined total value = 2,690,873,000,000
Strike 83000 has a total call value of 2,756,692,900,000 versus a total put value of 48,500,000 Combined total value = 2,756,741,400,000
Strike 83100 has a total call value of 2,823,688,900,000 versus a total put value of 44,400,000 Combined total value = 2,823,733,300,000
Strike 83200 has a total call value of 2,890,684,900,000 versus a total put value of 40,300,000 Combined total value = 2,890,725,200,000
Strike 83300 has a total call value of 2,957,680,900,000 versus a total put value of 36,200,000 Combined total value = 2,957,717,100,000
Strike 83400 has a total call value of 3,024,676,900,000 versus a total put value of 32,100,000 Combined total value = 3,024,709,000,000
Strike 83500 has a total call value of 3,091,672,900,000 versus a total put value of 28,000,000 Combined total value = 3,091,700,900,000
Strike 83600 has a total call value of 3,158,668,900,000 versus a total put value of 23,900,000 Combined total value = 3,158,692,800,000
Strike 83700 has a total call value of 3,225,664,900,000 versus a total put value of 19,800,000 Combined total value = 3,225,684,700,000
Strike 83800 has a total call value of 3,292,660,900,000 versus a total put value of 15,700,000 Combined total value = 3,292,676,600,000
Strike 83900 has a total call value of 3,359,656,900,000 versus a total put value of 11,600,000 Combined total value = 3,359,668,500,000
Strike 84000 has a total call value of 3,426,653,600,000 versus a total put value of 7,500,000 Combined total value = 3,426,661,100,000
Strike 84100 has a total call value of 3,493,699,800,000 versus a total put value of 6,000,000 Combined total value = 3,493,705,800,000
Strike 84200 has a total call value of 3,560,753,700,000 versus a total put value of 4,500,000 Combined total value = 3,560,758,200,000
Strike 84300 has a total call value of 3,627,807,600,000 versus a total put value of 3,000,000 Combined total value = 3,627,810,600,000
Strike 84400 has a total call value of 3,694,861,500,000 versus a total put value of 1,500,000 Combined total value = 3,694,863,000,000
Strike 84500 has a total call value of 3,761,915,400,000 versus a total put value of 0 Combined total value = 3,761,915,400,000
Strike 84600 has a total call value of 3,829,166,100,000 versus a total put value of 0 Combined total value = 3,829,166,100,000
Strike 84700 has a total call value of 3,896,416,800,000 versus a total put value of 0 Combined total value = 3,896,416,800,000
Strike 84800 has a total call value of 3,963,667,500,000 versus a total put value of 0 Combined total value = 3,963,667,500,000
Strike 84900 has a total call value of 4,030,918,200,000 versus a total put value of 0 Combined total value = 4,030,918,200,000
Strike 85000 has a total call value of 4,098,168,900,000 versus a total put value of 0 Combined total value = 4,098,168,900,000
Strike 85100 has a total call value of 4,166,213,800,000 versus a total put value of 0 Combined total value = 4,166,213,800,000
Strike 85200 has a total call value of 4,234,258,700,000 versus a total put value of 0 Combined total value = 4,234,258,700,000
Strike 85300 has a total call value of 4,302,303,600,000 versus a total put value of 0 Combined total value = 4,302,303,600,000
Strike 85400 has a total call value of 4,370,348,500,000 versus a total put value of 0 Combined total value = 4,370,348,500,000
Strike 85500 has a total call value of 4,438,393,400,000 versus a total put value of 0 Combined total value = 4,438,393,400,000
Strike 85600 has a total call value of 4,507,295,200,000 versus a total put value of 0 Combined total value = 4,507,295,200,000
Strike 85700 has a total call value of 4,576,228,100,000 versus a total put value of 0 Combined total value = 4,576,228,100,000
Strike 85800 has a total call value of 4,645,161,000,000 versus a total put value of 0 Combined total value = 4,645,161,000,000
Strike 85900 has a total call value of 4,714,093,900,000 versus a total put value of 0 Combined total value = 4,714,093,900,000
Strike 86000 has a total call value of 4,783,026,800,000 versus a total put value of 0 Combined total value = 4,783,026,800,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.55 | 470 |
| ABB | 6754 | 7000 |
| ABBOTINDIA | 27000.4 | 28000 |
| ABCAPITAL | 184.01 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2039 | 2220 |
| ADANIENT | 2284.05 | 2620 |
| ADANIPORTS | 1134.3 | 1200 |
| ALKEM | 5584.85 | 5500 |
| AMBUJACEM | 495.65 | 540 |
| APOLLOHOSP | 6721.7 | 6900 |
| APOLLOTYRE | 482.7 | 480 |
| ASHOKLEY | 217.58 | 220 |
| ASIANPAINT | 2430.1 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7257.25 | 7500 |
| AUBANK | 594.2 | 590 |
| AUROPHARMA | 1219.05 | 1300 |
| AXISBANK | 1141.1 | 1150 |
| BAJAJ-AUTO | 9467.8 | 9700 |
| BAJAJFINSV | 1573.85 | 1620 |
| BAJFINANCE | 6482.05 | 6700 |
| BALKRISIND | 2736.75 | 2800 |
| BANDHANBNK | 166.62 | 180 |
| BANKBARODA | 229.45 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 465.6 | 495 |
| BHARATFORG | 1294.85 | 1340 |
| BHARTIARTL | 1521.95 | 1540 |
| BHEL | 227.9 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34061.3 | 34000 |
| BPCL | 282.25 | 300 |
| BRITANNIA | 4760.05 | 5000 |
| BSOFT | 545.25 | 560 |
| CANBK | 94.88 | 100 |
| CANFINHOME | 822.85 | 830 |
| CHAMBLFERT | 456.85 | 480 |
| CHOLAFIN | 1209.55 | 1240 |
| CIPLA | 1460.4 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8203.05 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 768.65 | 810 |
| COROMANDEL | 1774.5 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.5 | 175 |
| CUMMINSIND | 3292.1 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1778.1 | 1760 |
| DEEPAKNTR | 2624 | 2650 |
| DIVISLAB | 5950.5 | 5900 |
| DIXON | 14972.5 | 14750 |
| DLF | 777.45 | 780 |
| DRREDDY | 1193.1 | 1220 |
| EICHERMOT | 4888 | 4900 |
| ESCORTS | 3447.3 | 3600 |
| EXIDEIND | 415.5 | 440 |
| FEDERALBNK | 210.78 | 205 |
| GAIL | 188.14 | 197.5 |
| GLENMARK | 1462.7 | 1520 |
| GMRINFRA | 77.05 | 82 |
| GNFC | 556.6 | 570 |
| GODREJCP | 1180.65 | 1200 |
| GODREJPROP | 2712.25 | 2750 |
| GRANULES | 545.05 | 580 |
| GRASIM | 2547.85 | 2540 |
| GUJGASLTD | 453.55 | 480 |
| HAL | 3987 | 4200 |
| HAVELLS | 1632.9 | 1640 |
| HCLTECH | 1833.1 | 1820 |
| HDFCAMC | 4222.7 | 4300 |
| HDFCBANK | 1743 | 1740 |
| HDFCLIFE | 674.15 | 680 |
| HEROMOTOCO | 4753 | 4800 |
| HINDALCO | 645.45 | 650 |
| HINDCOPPER | 263.05 | 290 |
| HINDPETRO | 359.55 | 375 |
| HINDUNILVR | 2379.4 | 2480 |
| ICICIBANK | 1253.5 | 1260 |
| ICICIGI | 1814 | 1880 |
| ICICIPRULI | 680.2 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.23 | 66 |
| IEX | 161.31 | 170 |
| IGL | 311.65 | 330 |
| INDHOTEL | 788.15 | 760 |
| INDIAMART | 2248.65 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 975.4 | 1040 |
| INDUSTOWER | 329.6 | 340 |
| INFY | 1829.75 | 1800 |
| IOC | 130.97 | 140 |
| IPCALAB | 1567.65 | 1560 |
| IRCTC | 795.65 | 820 |
| ITC | 456.3 | 475 |
| JINDALSTEL | 872.65 | 900 |
| JKCEMENT | 4009 | 4000 |
| JSWSTEEL | 940.85 | 960 |
| JUBLFOOD | 610 | 620 |
| KOTAKBANK | 1736.15 | 1760 |
| LALPATHLAB | 3027.55 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 612 | 630 |
| LT | 3491.5 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.95 | 5900 |
| LTTS | 5184.75 | 5150 |
| LUPIN | 2040.3 | 2100 |
| M&M | 2930.9 | 2900 |
| M&MFIN | 257 | 265 |
| MANAPPURAM | 150.8 | 155 |
| MARICO | 590.35 | 600 |
| MARUTI | 10863.75 | 11000 |
| MCX | 6155.55 | 6200 |
| METROPOLIS | 2011.45 | 2060 |
| MFSL | 1172.7 | 1200 |
| MGL | 1117.05 | 1160 |
| MOTHERSON | 161.45 | 175 |
| MPHASIS | 2783.4 | 2850 |
| MRF | 123217.25 | 122500 |
| MUTHOOTFIN | 1907.4 | 1880 |
| NATIONALUM | 246.52 | 240 |
| NAUKRI | 7534.65 | 7700 |
| NAVINFLUOR | 3266.65 | 3400 |
| NESTLEIND | 2200.1 | 2280 |
| NMDC | 218.04 | 225 |
| NTPC | 355.65 | 370 |
| OBEROIRLTY | 1936.35 | 1960 |
| OFSS | 11143 | 11500 |
| ONGC | 242.2 | 250 |
| PAGEIND | 44384.7 | 45500 |
| PEL | 1051.05 | 1060 |
| PERSISTENT | 5727.2 | 5600 |
| PETRONET | 320.9 | 328 |
| PFC | 453.1 | 460 |
| PIDILITIND | 2944.5 | 3060 |
| PIIND | 4130.8 | 4200 |
| PNB | 96.8 | 102 |
| POLYCAB | 6402 | 6500 |
| POWERGRID | 323 | 320 |
| PVRINOX | 1444.15 | 1500 |
| RAMCOCEM | 915.35 | 900 |
| RBLBANK | 157.75 | 160 |
| RECLTD | 490.2 | 510 |
| RELIANCE | 1219.65 | 1290 |
| SAIL | 111.03 | 117.5 |
| SBICARD | 674 | 690 |
| SBILIFE | 1480.9 | 1520 |
| SBIN | 783.35 | 800 |
| SHREECEM | 24225.95 | 24500 |
| SHRIRAMFIN | 2809.4 | 2900 |
| SIEMENS | 6665.2 | 6800 |
| SRF | 2153 | 2260 |
| SUNPHARMA | 1767.6 | 1800 |
| SUNTV | 729.4 | 730 |
| SYNGENE | 845 | 870 |
| TATACHEM | 1056.95 | 1100 |
| TATACOMM | 1710.25 | 1780 |
| TATACONSUM | 910.8 | 950 |
| TATAMOTORS | 774.4 | 800 |
| TATAPOWER | 410.1 | 420 |
| TATASTEEL | 140.14 | 145 |
| TCS | 4064.45 | 4100 |
| TECHM | 1698.65 | 1680 |
| TITAN | 3174.75 | 3200 |
| TORNTPHARM | 3094.1 | 3150 |
| TRENT | 6411.9 | 6600 |
| TVSMOTOR | 2395.55 | 2450 |
| UBL | 1818.75 | 1880 |
| ULTRACEMCO | 10935 | 11000 |
| UNITDSPR | 1489.5 | 1480 |
| UPL | 562.1 | 540 |
| VEDL | 441.9 | 460 |
| VOLTAS | 1670.2 | 1700 |
| WIPRO | 556.65 | 560 |
| ZYDUSLIFE | 942.35 | 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.
