AARTIIND
Aarti Industries Ltd
Max pain for AARTIIND
21 Nov 2024 04:13 PM IST
Max Pain for AARTIIND is 470
Strike 380 has a total call value of 0 versus a total put value of 57,891,000,000 Combined total value = 57,891,000,000
Strike 390 has a total call value of 1,000,000 versus a total put value of 51,398,000,000 Combined total value = 51,399,000,000
Strike 400 has a total call value of 2,000,000 versus a total put value of 44,905,000,000 Combined total value = 44,907,000,000
Strike 410 has a total call value of 3,000,000 versus a total put value of 39,162,000,000 Combined total value = 39,165,000,000
Strike 420 has a total call value of 4,000,000 versus a total put value of 33,419,000,000 Combined total value = 33,423,000,000
Strike 430 has a total call value of 5,000,000 versus a total put value of 28,230,000,000 Combined total value = 28,235,000,000
Strike 440 has a total call value of 319,000,000 versus a total put value of 23,572,000,000 Combined total value = 23,891,000,000
Strike 450 has a total call value of 1,589,000,000 versus a total put value of 19,510,000,000 Combined total value = 21,099,000,000
Strike 460 has a total call value of 3,759,000,000 versus a total put value of 16,273,000,000 Combined total value = 20,032,000,000
Strike 470 has a total call value of 6,378,000,000 versus a total put value of 13,299,000,000 Combined total value = 19,677,000,000
Strike 480 has a total call value of 9,458,000,000 versus a total put value of 10,587,000,000 Combined total value = 20,045,000,000
Strike 490 has a total call value of 13,185,000,000 versus a total put value of 8,369,000,000 Combined total value = 21,554,000,000
Strike 500 has a total call value of 17,246,000,000 versus a total put value of 6,323,000,000 Combined total value = 23,569,000,000
Strike 510 has a total call value of 22,590,000,000 versus a total put value of 5,149,000,000 Combined total value = 27,739,000,000
Strike 520 has a total call value of 28,327,000,000 versus a total put value of 3,975,000,000 Combined total value = 32,302,000,000
Strike 530 has a total call value of 34,827,000,000 versus a total put value of 3,243,000,000 Combined total value = 38,070,000,000
Strike 540 has a total call value of 41,814,000,000 versus a total put value of 2,511,000,000 Combined total value = 44,325,000,000
Strike 550 has a total call value of 49,177,000,000 versus a total put value of 1,779,000,000 Combined total value = 50,956,000,000
Strike 560 has a total call value of 57,071,000,000 versus a total put value of 1,290,000,000 Combined total value = 58,361,000,000
Strike 570 has a total call value of 65,375,000,000 versus a total put value of 944,000,000 Combined total value = 66,319,000,000
Strike 580 has a total call value of 73,795,000,000 versus a total put value of 598,000,000 Combined total value = 74,393,000,000
Strike 590 has a total call value of 82,491,000,000 versus a total put value of 477,000,000 Combined total value = 82,968,000,000
Strike 600 has a total call value of 91,246,000,000 versus a total put value of 374,000,000 Combined total value = 91,620,000,000
Strike 610 has a total call value of 100,735,000,000 versus a total put value of 271,000,000 Combined total value = 101,006,000,000
Strike 620 has a total call value of 110,382,000,000 versus a total put value of 190,000,000 Combined total value = 110,572,000,000
Strike 630 has a total call value of 120,029,000,000 versus a total put value of 138,000,000 Combined total value = 120,167,000,000
Strike 640 has a total call value of 129,676,000,000 versus a total put value of 92,000,000 Combined total value = 129,768,000,000
Strike 650 has a total call value of 139,323,000,000 versus a total put value of 48,000,000 Combined total value = 139,371,000,000
Strike 660 has a total call value of 148,970,000,000 versus a total put value of 4,000,000 Combined total value = 148,974,000,000
Strike 670 has a total call value of 158,617,000,000 versus a total put value of 2,000,000 Combined total value = 158,619,000,000
Strike 680 has a total call value of 168,264,000,000 versus a total put value of 0 Combined total value = 168,264,000,000
Strike 690 has a total call value of 177,911,000,000 versus a total put value of 0 Combined total value = 177,911,000,000
Strike 700 has a total call value of 187,558,000,000 versus a total put value of 0 Combined total value = 187,558,000,000
Strike 710 has a total call value of 197,205,000,000 versus a total put value of 0 Combined total value = 197,205,000,000
Strike 720 has a total call value of 206,852,000,000 versus a total put value of 0 Combined total value = 206,852,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 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.
