AMBUJACEM
Ambuja Cements Ltd
Max pain for AMBUJACEM
21 Nov 2024 04:10 PM IST
Max Pain for AMBUJACEM is 530
Strike 390 has a total call value of 0 versus a total put value of 154,037,700,000 Combined total value = 154,037,700,000
Strike 400 has a total call value of 0 versus a total put value of 141,053,400,000 Combined total value = 141,053,400,000
Strike 410 has a total call value of 0 versus a total put value of 128,613,600,000 Combined total value = 128,613,600,000
Strike 420 has a total call value of 0 versus a total put value of 116,232,300,000 Combined total value = 116,232,300,000
Strike 430 has a total call value of 0 versus a total put value of 104,341,500,000 Combined total value = 104,341,500,000
Strike 440 has a total call value of 0 versus a total put value of 92,604,600,000 Combined total value = 92,604,600,000
Strike 450 has a total call value of 29,700,000 versus a total put value of 81,536,400,000 Combined total value = 81,566,100,000
Strike 460 has a total call value of 90,900,000 versus a total put value of 70,908,300,000 Combined total value = 70,999,200,000
Strike 470 has a total call value of 208,800,000 versus a total put value of 62,643,600,000 Combined total value = 62,852,400,000
Strike 480 has a total call value of 397,800,000 versus a total put value of 54,659,700,000 Combined total value = 55,057,500,000
Strike 490 has a total call value of 1,121,400,000 versus a total put value of 48,204,900,000 Combined total value = 49,326,300,000
Strike 500 has a total call value of 2,059,200,000 versus a total put value of 42,228,000,000 Combined total value = 44,287,200,000
Strike 510 has a total call value of 4,800,600,000 versus a total put value of 37,271,700,000 Combined total value = 42,072,300,000
Strike 520 has a total call value of 7,929,000,000 versus a total put value of 32,449,500,000 Combined total value = 40,378,500,000
Strike 530 has a total call value of 11,885,400,000 versus a total put value of 27,802,800,000 Combined total value = 39,688,200,000
Strike 540 has a total call value of 16,293,600,000 versus a total put value of 23,398,200,000 Combined total value = 39,691,800,000
Strike 550 has a total call value of 21,295,800,000 versus a total put value of 19,205,100,000 Combined total value = 40,500,900,000
Strike 560 has a total call value of 27,548,100,000 versus a total put value of 15,561,000,000 Combined total value = 43,109,100,000
Strike 570 has a total call value of 34,660,800,000 versus a total put value of 12,257,100,000 Combined total value = 46,917,900,000
Strike 580 has a total call value of 42,598,800,000 versus a total put value of 9,418,500,000 Combined total value = 52,017,300,000
Strike 590 has a total call value of 52,140,600,000 versus a total put value of 7,179,300,000 Combined total value = 59,319,900,000
Strike 600 has a total call value of 62,548,200,000 versus a total put value of 5,376,600,000 Combined total value = 67,924,800,000
Strike 610 has a total call value of 74,631,600,000 versus a total put value of 3,923,100,000 Combined total value = 78,554,700,000
Strike 620 has a total call value of 87,035,400,000 versus a total put value of 2,794,500,000 Combined total value = 89,829,900,000
Strike 630 has a total call value of 99,855,900,000 versus a total put value of 1,726,200,000 Combined total value = 101,582,100,000
Strike 640 has a total call value of 113,005,800,000 versus a total put value of 1,051,200,000 Combined total value = 114,057,000,000
Strike 650 has a total call value of 126,234,900,000 versus a total put value of 423,900,000 Combined total value = 126,658,800,000
Strike 660 has a total call value of 140,007,600,000 versus a total put value of 185,400,000 Combined total value = 140,193,000,000
Strike 670 has a total call value of 153,947,700,000 versus a total put value of 92,700,000 Combined total value = 154,040,400,000
Strike 680 has a total call value of 167,927,400,000 versus a total put value of 0 Combined total value = 167,927,400,000
Strike 690 has a total call value of 182,007,000,000 versus a total put value of 0 Combined total value = 182,007,000,000
Strike 700 has a total call value of 196,086,600,000 versus a total put value of 0 Combined total value = 196,086,600,000
Strike 710 has a total call value of 210,230,100,000 versus a total put value of 0 Combined total value = 210,230,100,000
Strike 720 has a total call value of 224,373,600,000 versus a total put value of 0 Combined total value = 224,373,600,000
Strike 730 has a total call value of 238,517,100,000 versus a total put value of 0 Combined total value = 238,517,100,000
Strike 740 has a total call value of 252,660,600,000 versus a total put value of 0 Combined total value = 252,660,600,000
Strike 750 has a total call value of 266,804,100,000 versus a total put value of 0 Combined total value = 266,804,100,000
Strike 760 has a total call value of 280,947,600,000 versus a total put value of 0 Combined total value = 280,947,600,000
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.
