AMBUJACEM
Ambuja Cements Ltd
Max pain for AMBUJACEM
14 Nov 2024 09:20 AM IST
Max Pain for AMBUJACEM is 560
Strike 500 has a total call value of 0 versus a total put value of 9,996,300,000 Combined total value = 9,996,300,000
Strike 510 has a total call value of 0 versus a total put value of 7,926,300,000 Combined total value = 7,926,300,000
Strike 520 has a total call value of 0 versus a total put value of 5,970,600,000 Combined total value = 5,970,600,000
Strike 530 has a total call value of 0 versus a total put value of 4,196,700,000 Combined total value = 4,196,700,000
Strike 540 has a total call value of 0 versus a total put value of 2,661,300,000 Combined total value = 2,661,300,000
Strike 550 has a total call value of 88,200,000 versus a total put value of 1,343,700,000 Combined total value = 1,431,900,000
Strike 560 has a total call value of 641,700,000 versus a total put value of 541,800,000 Combined total value = 1,183,500,000
Strike 570 has a total call value of 1,846,800,000 versus a total put value of 0 Combined total value = 1,846,800,000
Strike 580 has a total call value of 3,870,000,000 versus a total put value of 0 Combined total value = 3,870,000,000
Strike 590 has a total call value of 7,470,000,000 versus a total put value of 0 Combined total value = 7,470,000,000
Strike 600 has a total call value of 12,002,400,000 versus a total put value of 0 Combined total value = 12,002,400,000
Strike 610 has a total call value of 18,509,400,000 versus a total put value of 0 Combined total value = 18,509,400,000
Strike 620 has a total call value of 25,445,700,000 versus a total put value of 0 Combined total value = 25,445,700,000
Strike 630 has a total call value of 32,382,000,000 versus a total put value of 0 Combined total value = 32,382,000,000
Strike 640 has a total call value of 39,318,300,000 versus a total put value of 0 Combined total value = 39,318,300,000
Strike 650 has a total call value of 46,254,600,000 versus a total put value of 0 Combined total value = 46,254,600,000
Strike 660 has a total call value of 53,190,900,000 versus a total put value of 0 Combined total value = 53,190,900,000
Strike 670 has a total call value of 60,127,200,000 versus a total put value of 0 Combined total value = 60,127,200,000
Strike 680 has a total call value of 67,063,500,000 versus a total put value of 0 Combined total value = 67,063,500,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 433.85 | 440 |
| ABB | 6762.7 | 7000 |
| ABBOTINDIA | 27889.7 | 28000 |
| ABCAPITAL | 189.25 | 200 |
| ABFRL | 293.6 | 270 |
| ACC | 2201.75 | 2280 |
| ADANIENT | 2838.8 | 2920 |
| ADANIPORTS | 1288.9 | 1340 |
| ALKEM | 5646.15 | 5500 |
| AMBUJACEM | 545.85 | 560 |
| APOLLOHOSP | 6877.65 | 7000 |
| APOLLOTYRE | 464.75 | 470 |
| ASHOKLEY | 216.1 | 220 |
| ASIANPAINT | 2493.95 | 2520 |
| ASTRAL | 1728.45 | 1760 |
| ATUL | 7275.8 | 7400 |
| AUBANK | 569.45 | 580 |
| AUROPHARMA | 1269 | 1300 |
| AXISBANK | 1134.5 | 1160 |
| BAJAJ-AUTO | 9504.95 | 9700 |
| BAJAJFINSV | 1665.3 | 1700 |
| BAJFINANCE | 6597 | 6800 |
| BALKRISIND | 2742.15 | 2750 |
| BANDHANBNK | 166.59 | 175 |
| BANKBARODA | 246.1 | 250 |
| BATAINDIA | 1323.55 | 1320 |
| BEL | 280.45 | 290 |
| BERGEPAINT | 490.1 | 490 |
| BHARATFORG | 1342.1 | 1380 |
| BHARTIARTL | 1549.95 | 1580 |
| BHEL | 224.12 | 235 |
| BIOCON | 337.55 | 335 |
| BOSCHLTD | 33718.45 | 34000 |
| BPCL | 302.15 | 310 |
| BRITANNIA | 5032 | 5100 |
| BSOFT | 553.3 | 560 |
| CANBK | 100.1 | 102 |
| CANFINHOME | 818.45 | 840 |
| CHAMBLFERT | 462.6 | 480 |
| CHOLAFIN | 1195.25 | 1260 |
| CIPLA | 1504 | 1540 |
| COALINDIA | 411.4 | 424.25 |
| COFORGE | 8113.75 | 8000 |
| COLPAL | 2775.6 | 2850 |
| CONCOR | 785 | 810 |
| COROMANDEL | 1677.85 | 1700 |
| CROMPTON | 383.85 | 400 |
| CUB | 172.35 | 175 |
| CUMMINSIND | 3322.55 | 3400 |
| DABUR | 512.15 | 530 |
| DALBHARAT | 1700 | 1800 |
| DEEPAKNTR | 2505 | 2600 |
| DIVISLAB | 5794.55 | 5900 |
| DIXON | 14899 | 14500 |
| DLF | 761.9 | 780 |
| DRREDDY | 1247.35 | 1260 |
| EICHERMOT | 4900 | 4800 |
| ESCORTS | 3508.95 | 3600 |
| EXIDEIND | 421.1 | 440 |
| FEDERALBNK | 200.35 | 202.5 |
| GAIL | 191.45 | 195 |
| GLENMARK | 1558.45 | 1600 |
| GMRINFRA | 76.77 | 80 |
| GNFC | 545.5 | 560 |
| GODREJCP | 1192.25 | 1200 |
| GODREJPROP | 2600.9 | 2700 |
| GRANULES | 537.95 | 490 |
| GRASIM | 2512.05 | 2500 |
| GUJGASLTD | 495.35 | 510 |
| HAL | 4041.75 | 4300 |
| HAVELLS | 1611.65 | 1640 |
| HCLTECH | 1887.3 | 1820 |
| HDFCAMC | 4320.1 | 4350 |
| HDFCBANK | 1692.5 | 1720 |
| HDFCLIFE | 690.4 | 700 |
| HEROMOTOCO | 4507.05 | 4700 |
| HINDALCO | 634.55 | 650 |
| HINDCOPPER | 264 | 290 |
| HINDPETRO | 368.4 | 380 |
| HINDUNILVR | 2448.25 | 2500 |
| ICICIBANK | 1254.3 | 1260 |
| ICICIGI | 1872.95 | 1900 |
| ICICIPRULI | 694 | 710 |
| IDEA | 7.45 | 8 |
| IDFCFIRSTB | 64.35 | 65 |
| IEX | 163.37 | 170 |
| IGL | 417.75 | 420 |
| INDHOTEL | 716 | 710 |
| INDIAMART | 2324 | 2300 |
| INDIGO | 3872.2 | 3950 |
| INDUSINDBK | 1044.3 | 1060 |
| INDUSTOWER | 320.25 | 340 |
| INFY | 1870.35 | 1820 |
| IOC | 134.97 | 140 |
| IPCALAB | 1516.15 | 1520 |
| IRCTC | 801.85 | 820 |
| ITC | 472 | 480 |
| JINDALSTEL | 869.6 | 900 |
| JKCEMENT | 3960.85 | 4100 |
| JSWSTEEL | 937.15 | 960 |
| JUBLFOOD | 622.15 | 620 |
| KOTAKBANK | 1692.5 | 1760 |
| LALPATHLAB | 2969.95 | 3100 |
| LAURUSLABS | 482.7 | 490 |
| LICHSGFIN | 615.55 | 630 |
| LT | 3548.9 | 3600 |
| LTF | 136.44 | 140 |
| LTIM | 5954.45 | 6000 |
| LTTS | 5191.55 | 5200 |
| LUPIN | 2047.6 | 2100 |
| M&M | 2785.5 | 2850 |
| M&MFIN | 259.7 | 270 |
| MANAPPURAM | 160.44 | 155 |
| MARICO | 597.6 | 610 |
| MARUTI | 11009 | 11100 |
| MCX | 6079.5 | 6200 |
| METROPOLIS | 2052.05 | 2100 |
| MFSL | 1211.9 | 1200 |
| MGL | 1339 | 1400 |
| MOTHERSON | 163.82 | 170 |
| MPHASIS | 2874.5 | 2900 |
| MRF | 120950 | 120000 |
| MUTHOOTFIN | 1776.15 | 1800 |
| NATIONALUM | 227.45 | 225 |
| NAUKRI | 7601.5 | 7700 |
| NAVINFLUOR | 3289.15 | 3350 |
| NESTLEIND | 2237.6 | 2260 |
| NMDC | 227.3 | 225 |
| NTPC | 383.65 | 390 |
| OBEROIRLTY | 1961.15 | 1960 |
| OFSS | 11883.6 | 11500 |
| ONGC | 252.7 | 260 |
| PAGEIND | 45982.85 | 46000 |
| PEL | 1025.85 | 1020 |
| PERSISTENT | 5761.3 | 5600 |
| PETRONET | 317.5 | 328 |
| PFC | 463.5 | 460 |
| PIDILITIND | 2988.8 | 3100 |
| PIIND | 4099.2 | 4400 |
| PNB | 101.99 | 105 |
| POLYCAB | 6358.4 | 6500 |
| POWERGRID | 314 | 320 |
| PVRINOX | 1461.25 | 1480 |
| RAMCOCEM | 891.25 | 880 |
| RBLBANK | 153.82 | 160 |
| RECLTD | 508.45 | 520 |
| RELIANCE | 1261.2 | 1300 |
| SAIL | 113.43 | 115 |
| SBICARD | 685.6 | 680 |
| SBILIFE | 1556.75 | 1580 |
| SBIN | 813.7 | 830 |
| SHREECEM | 23724.6 | 24250 |
| SHRIRAMFIN | 2838.5 | 3000 |
| SIEMENS | 6668.45 | 6900 |
| SRF | 2207.55 | 2280 |
| SUNPHARMA | 1789.45 | 1820 |
| SUNTV | 726 | 730 |
| SYNGENE | 863.65 | 880 |
| TATACHEM | 1050.45 | 1100 |
| TATACOMM | 1763.6 | 1780 |
| TATACONSUM | 953.7 | 980 |
| TATAMOTORS | 790.5 | 810 |
| TATAPOWER | 404.85 | 420 |
| TATASTEEL | 139.81 | 147.5 |
| TCS | 4143.7 | 4150 |
| TECHM | 1683.6 | 1660 |
| TITAN | 3186.7 | 3200 |
| TORNTPHARM | 3135.95 | 3100 |
| TRENT | 6493.35 | 6600 |
| TVSMOTOR | 2389.85 | 2450 |
| UBL | 1872.15 | 1900 |
| ULTRACEMCO | 10574.05 | 11000 |
| UNITDSPR | 1434.2 | 1460 |
| UPL | 512.5 | 530 |
| VEDL | 434.85 | 460 |
| VOLTAS | 1707.7 | 1700 |
| WIPRO | 572.65 | 560 |
| ZYDUSLIFE | 975.9 | 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.
