ABCAPITAL
Aditya Birla Capital Ltd.
Max pain for ABCAPITAL
21 Nov 2024 03:53 PM IST
Max Pain for ABCAPITAL is 200
Strike 160 has a total call value of 0 versus a total put value of 67,463,550,000 Combined total value = 67,463,550,000
Strike 162.5 has a total call value of 0 versus a total put value of 62,768,250,000 Combined total value = 62,768,250,000
Strike 165 has a total call value of 0 versus a total put value of 58,072,950,000 Combined total value = 58,072,950,000
Strike 167.5 has a total call value of 0 versus a total put value of 53,384,400,000 Combined total value = 53,384,400,000
Strike 170 has a total call value of 0 versus a total put value of 48,707,325,000 Combined total value = 48,707,325,000
Strike 172.5 has a total call value of 12,825,000 versus a total put value of 44,221,275,000 Combined total value = 44,234,100,000
Strike 175 has a total call value of 25,650,000 versus a total put value of 39,757,500,000 Combined total value = 39,783,150,000
Strike 177.5 has a total call value of 43,875,000 versus a total put value of 35,382,825,000 Combined total value = 35,426,700,000
Strike 180 has a total call value of 64,800,000 versus a total put value of 31,168,125,000 Combined total value = 31,232,925,000
Strike 182.5 has a total call value of 263,250,000 versus a total put value of 27,494,100,000 Combined total value = 27,757,350,000
Strike 185 has a total call value of 516,375,000 versus a total put value of 23,876,775,000 Combined total value = 24,393,150,000
Strike 187.5 has a total call value of 1,007,100,000 versus a total put value of 20,784,600,000 Combined total value = 21,791,700,000
Strike 190 has a total call value of 1,653,075,000 versus a total put value of 17,813,250,000 Combined total value = 19,466,325,000
Strike 192.5 has a total call value of 2,841,075,000 versus a total put value of 15,330,600,000 Combined total value = 18,171,675,000
Strike 195 has a total call value of 4,153,950,000 versus a total put value of 12,886,425,000 Combined total value = 17,040,375,000
Strike 197.5 has a total call value of 5,724,675,000 versus a total put value of 10,633,950,000 Combined total value = 16,358,625,000
Strike 200 has a total call value of 7,352,775,000 versus a total put value of 8,455,725,000 Combined total value = 15,808,500,000
Strike 202.5 has a total call value of 9,759,150,000 versus a total put value of 6,991,650,000 Combined total value = 16,750,800,000
Strike 205 has a total call value of 12,330,225,000 versus a total put value of 5,647,050,000 Combined total value = 17,977,275,000
Strike 207.5 has a total call value of 15,861,150,000 versus a total put value of 4,571,100,000 Combined total value = 20,432,250,000
Strike 210 has a total call value of 19,516,950,000 versus a total put value of 3,495,150,000 Combined total value = 23,012,100,000
Strike 212.5 has a total call value of 24,103,575,000 versus a total put value of 2,799,225,000 Combined total value = 26,902,800,000
Strike 215 has a total call value of 28,746,225,000 versus a total put value of 2,103,300,000 Combined total value = 30,849,525,000
Strike 217.5 has a total call value of 33,866,100,000 versus a total put value of 1,590,300,000 Combined total value = 35,456,400,000
Strike 220 has a total call value of 39,079,125,000 versus a total put value of 1,077,300,000 Combined total value = 40,156,425,000
Strike 222.5 has a total call value of 45,374,175,000 versus a total put value of 854,550,000 Combined total value = 46,228,725,000
Strike 225 has a total call value of 51,704,325,000 versus a total put value of 631,800,000 Combined total value = 52,336,125,000
Strike 227.5 has a total call value of 58,286,925,000 versus a total put value of 409,050,000 Combined total value = 58,695,975,000
Strike 230 has a total call value of 64,897,875,000 versus a total put value of 186,300,000 Combined total value = 65,084,175,000
Strike 232.5 has a total call value of 72,110,925,000 versus a total put value of 139,725,000 Combined total value = 72,250,650,000
Strike 235 has a total call value of 79,323,975,000 versus a total put value of 93,150,000 Combined total value = 79,417,125,000
Strike 237.5 has a total call value of 86,655,150,000 versus a total put value of 46,575,000 Combined total value = 86,701,725,000
Strike 240 has a total call value of 93,986,325,000 versus a total put value of 0 Combined total value = 93,986,325,000
Strike 242.5 has a total call value of 101,584,800,000 versus a total put value of 0 Combined total value = 101,584,800,000
Strike 245 has a total call value of 109,183,275,000 versus a total put value of 0 Combined total value = 109,183,275,000
Strike 247.5 has a total call value of 116,818,875,000 versus a total put value of 0 Combined total value = 116,818,875,000
Strike 250 has a total call value of 124,454,475,000 versus a total put value of 0 Combined total value = 124,454,475,000
Strike 252.5 has a total call value of 132,339,825,000 versus a total put value of 0 Combined total value = 132,339,825,000
Strike 255 has a total call value of 140,225,175,000 versus a total put value of 0 Combined total value = 140,225,175,000
Strike 257.5 has a total call value of 148,110,525,000 versus a total put value of 0 Combined total value = 148,110,525,000
Strike 260 has a total call value of 155,998,575,000 versus a total put value of 0 Combined total value = 155,998,575,000
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.
