ABCAPITAL
Aditya Birla Capital Ltd.
Max pain for ABCAPITAL
12 Nov 2024 04:13 PM IST
Max Pain for ABCAPITAL is 205
Strike 170 has a total call value of 0 versus a total put value of 58,992,300,000 Combined total value = 58,992,300,000
Strike 172.5 has a total call value of 0 versus a total put value of 53,921,025,000 Combined total value = 53,921,025,000
Strike 175 has a total call value of 0 versus a total put value of 48,849,750,000 Combined total value = 48,849,750,000
Strike 177.5 has a total call value of 0 versus a total put value of 43,833,150,000 Combined total value = 43,833,150,000
Strike 180 has a total call value of 0 versus a total put value of 38,816,550,000 Combined total value = 38,816,550,000
Strike 182.5 has a total call value of 0 versus a total put value of 34,372,350,000 Combined total value = 34,372,350,000
Strike 185 has a total call value of 0 versus a total put value of 29,984,850,000 Combined total value = 29,984,850,000
Strike 187.5 has a total call value of 0 versus a total put value of 25,845,750,000 Combined total value = 25,845,750,000
Strike 190 has a total call value of 0 versus a total put value of 21,789,000,000 Combined total value = 21,789,000,000
Strike 192.5 has a total call value of 116,775,000 versus a total put value of 18,224,325,000 Combined total value = 18,341,100,000
Strike 195 has a total call value of 290,250,000 versus a total put value of 14,702,175,000 Combined total value = 14,992,425,000
Strike 197.5 has a total call value of 568,350,000 versus a total put value of 11,829,375,000 Combined total value = 12,397,725,000
Strike 200 has a total call value of 918,675,000 versus a total put value of 9,041,625,000 Combined total value = 9,960,300,000
Strike 202.5 has a total call value of 1,872,450,000 versus a total put value of 7,314,300,000 Combined total value = 9,186,750,000
Strike 205 has a total call value of 3,005,100,000 versus a total put value of 5,715,225,000 Combined total value = 8,720,325,000
Strike 207.5 has a total call value of 5,121,900,000 versus a total put value of 4,433,400,000 Combined total value = 9,555,300,000
Strike 210 has a total call value of 7,362,225,000 versus a total put value of 3,211,650,000 Combined total value = 10,573,875,000
Strike 212.5 has a total call value of 10,832,400,000 versus a total put value of 2,411,775,000 Combined total value = 13,244,175,000
Strike 215 has a total call value of 14,409,900,000 versus a total put value of 1,652,400,000 Combined total value = 16,062,300,000
Strike 217.5 has a total call value of 18,667,800,000 versus a total put value of 1,111,725,000 Combined total value = 19,779,525,000
Strike 220 has a total call value of 23,032,350,000 versus a total put value of 606,150,000 Combined total value = 23,638,500,000
Strike 222.5 has a total call value of 28,857,600,000 versus a total put value of 524,475,000 Combined total value = 29,382,075,000
Strike 225 has a total call value of 34,726,725,000 versus a total put value of 449,550,000 Combined total value = 35,176,275,000
Strike 227.5 has a total call value of 40,911,075,000 versus a total put value of 374,625,000 Combined total value = 41,285,700,000
Strike 230 has a total call value of 47,138,625,000 versus a total put value of 299,700,000 Combined total value = 47,438,325,000
Strike 232.5 has a total call value of 54,192,375,000 versus a total put value of 224,775,000 Combined total value = 54,417,150,000
Strike 235 has a total call value of 61,284,600,000 versus a total put value of 149,850,000 Combined total value = 61,434,450,000
Strike 237.5 has a total call value of 68,540,850,000 versus a total put value of 74,925,000 Combined total value = 68,615,775,000
Strike 240 has a total call value of 75,797,100,000 versus a total put value of 0 Combined total value = 75,797,100,000
Strike 242.5 has a total call value of 83,467,800,000 versus a total put value of 0 Combined total value = 83,467,800,000
Strike 245 has a total call value of 91,138,500,000 versus a total put value of 0 Combined total value = 91,138,500,000
Strike 247.5 has a total call value of 98,857,800,000 versus a total put value of 0 Combined total value = 98,857,800,000
Strike 250 has a total call value of 106,577,100,000 versus a total put value of 0 Combined total value = 106,577,100,000
Strike 252.5 has a total call value of 114,663,600,000 versus a total put value of 0 Combined total value = 114,663,600,000
Strike 255 has a total call value of 122,750,100,000 versus a total put value of 0 Combined total value = 122,750,100,000
Strike 257.5 has a total call value of 130,836,600,000 versus a total put value of 0 Combined total value = 130,836,600,000
Strike 260 has a total call value of 138,923,100,000 versus a total put value of 0 Combined total value = 138,923,100,000
Strike 262.5 has a total call value of 147,139,875,000 versus a total put value of 0 Combined total value = 147,139,875,000
Strike 265 has a total call value of 155,356,650,000 versus a total put value of 0 Combined total value = 155,356,650,000
Strike 267.5 has a total call value of 163,573,425,000 versus a total put value of 0 Combined total value = 163,573,425,000
Strike 270 has a total call value of 171,790,200,000 versus a total put value of 0 Combined total value = 171,790,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
