APOLLOHOSP
Apollo Hospitals Enter. L
Max pain for APOLLOHOSP
21 Nov 2024 02:40 PM IST
Max Pain for APOLLOHOSP is 6900
Strike 6000 has a total call value of 0 versus a total put value of 67,309,375,000 Combined total value = 67,309,375,000
Strike 6050 has a total call value of 0 versus a total put value of 63,393,125,000 Combined total value = 63,393,125,000
Strike 6100 has a total call value of 0 versus a total put value of 59,476,875,000 Combined total value = 59,476,875,000
Strike 6150 has a total call value of 0 versus a total put value of 55,600,000,000 Combined total value = 55,600,000,000
Strike 6200 has a total call value of 0 versus a total put value of 51,723,125,000 Combined total value = 51,723,125,000
Strike 6250 has a total call value of 0 versus a total put value of 47,900,625,000 Combined total value = 47,900,625,000
Strike 6300 has a total call value of 0 versus a total put value of 44,078,125,000 Combined total value = 44,078,125,000
Strike 6350 has a total call value of 0 versus a total put value of 40,306,250,000 Combined total value = 40,306,250,000
Strike 6400 has a total call value of 0 versus a total put value of 36,552,500,000 Combined total value = 36,552,500,000
Strike 6450 has a total call value of 0 versus a total put value of 32,941,875,000 Combined total value = 32,941,875,000
Strike 6500 has a total call value of 0 versus a total put value of 29,372,500,000 Combined total value = 29,372,500,000
Strike 6550 has a total call value of 12,500,000 versus a total put value of 26,123,125,000 Combined total value = 26,135,625,000
Strike 6600 has a total call value of 28,125,000 versus a total put value of 22,961,250,000 Combined total value = 22,989,375,000
Strike 6650 has a total call value of 70,625,000 versus a total put value of 20,033,750,000 Combined total value = 20,104,375,000
Strike 6700 has a total call value of 180,625,000 versus a total put value of 17,257,500,000 Combined total value = 17,438,125,000
Strike 6750 has a total call value of 686,250,000 versus a total put value of 14,819,375,000 Combined total value = 15,505,625,000
Strike 6800 has a total call value of 1,424,375,000 versus a total put value of 12,544,375,000 Combined total value = 13,968,750,000
Strike 6850 has a total call value of 2,678,750,000 versus a total put value of 10,698,125,000 Combined total value = 13,376,875,000
Strike 6900 has a total call value of 4,133,750,000 versus a total put value of 8,971,875,000 Combined total value = 13,105,625,000
Strike 6950 has a total call value of 6,106,250,000 versus a total put value of 7,420,625,000 Combined total value = 13,526,875,000
Strike 7000 has a total call value of 8,275,000,000 versus a total put value of 5,979,375,000 Combined total value = 14,254,375,000
Strike 7050 has a total call value of 11,137,500,000 versus a total put value of 4,816,250,000 Combined total value = 15,953,750,000
Strike 7100 has a total call value of 14,248,125,000 versus a total put value of 3,727,500,000 Combined total value = 17,975,625,000
Strike 7150 has a total call value of 17,906,875,000 versus a total put value of 2,810,625,000 Combined total value = 20,717,500,000
Strike 7200 has a total call value of 21,895,625,000 versus a total put value of 1,976,250,000 Combined total value = 23,871,875,000
Strike 7250 has a total call value of 26,832,500,000 versus a total put value of 1,318,125,000 Combined total value = 28,150,625,000
Strike 7300 has a total call value of 32,090,625,000 versus a total put value of 660,000,000 Combined total value = 32,750,625,000
Strike 7350 has a total call value of 38,051,250,000 versus a total put value of 288,125,000 Combined total value = 38,339,375,000
Strike 7400 has a total call value of 44,411,875,000 versus a total put value of 0 Combined total value = 44,411,875,000
Strike 7450 has a total call value of 51,662,500,000 versus a total put value of 0 Combined total value = 51,662,500,000
Strike 7500 has a total call value of 59,396,250,000 versus a total put value of 0 Combined total value = 59,396,250,000
Strike 7550 has a total call value of 68,613,125,000 versus a total put value of 0 Combined total value = 68,613,125,000
Strike 7600 has a total call value of 77,998,125,000 versus a total put value of 0 Combined total value = 77,998,125,000
Strike 7650 has a total call value of 88,376,875,000 versus a total put value of 0 Combined total value = 88,376,875,000
Strike 7700 has a total call value of 98,755,625,000 versus a total put value of 0 Combined total value = 98,755,625,000
Strike 7750 has a total call value of 109,436,875,000 versus a total put value of 0 Combined total value = 109,436,875,000
Strike 7800 has a total call value of 120,150,000,000 versus a total put value of 0 Combined total value = 120,150,000,000
Strike 7850 has a total call value of 131,123,750,000 versus a total put value of 0 Combined total value = 131,123,750,000
Strike 7900 has a total call value of 142,152,500,000 versus a total put value of 0 Combined total value = 142,152,500,000
Strike 7950 has a total call value of 153,310,625,000 versus a total put value of 0 Combined total value = 153,310,625,000
Strike 8000 has a total call value of 164,478,125,000 versus a total put value of 0 Combined total value = 164,478,125,000
Strike 8050 has a total call value of 176,304,375,000 versus a total put value of 0 Combined total value = 176,304,375,000
Strike 8100 has a total call value of 188,130,625,000 versus a total put value of 0 Combined total value = 188,130,625,000
Strike 8150 has a total call value of 199,956,875,000 versus a total put value of 0 Combined total value = 199,956,875,000
Strike 8200 has a total call value of 211,783,125,000 versus a total put value of 0 Combined total value = 211,783,125,000
Strike 8250 has a total call value of 223,850,000,000 versus a total put value of 0 Combined total value = 223,850,000,000
Strike 8300 has a total call value of 235,916,875,000 versus a total put value of 0 Combined total value = 235,916,875,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.2 | 470 |
| ABB | 6760 | 7000 |
| ABBOTINDIA | 27095 | 28000 |
| ABCAPITAL | 183.5 | 200 |
| ABFRL | 284.65 | 300 |
| ACC | 2029 | 2220 |
| ADANIENT | 2250.35 | 2600 |
| ADANIPORTS | 1127 | 1200 |
| ALKEM | 5596.45 | 5500 |
| AMBUJACEM | 490.5 | 540 |
| APOLLOHOSP | 6726.95 | 6900 |
| APOLLOTYRE | 482.05 | 480 |
| ASHOKLEY | 218.18 | 220 |
| ASIANPAINT | 2430.8 | 2540 |
| ASTRAL | 1714.9 | 1780 |
| ATUL | 7245.55 | 7500 |
| AUBANK | 592.6 | 590 |
| AUROPHARMA | 1220.35 | 1300 |
| AXISBANK | 1138.9 | 1150 |
| BAJAJ-AUTO | 9488.25 | 9700 |
| BAJAJFINSV | 1569.1 | 1620 |
| BAJFINANCE | 6475.3 | 6700 |
| BALKRISIND | 2739.7 | 2800 |
| BANDHANBNK | 166.3 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1280.65 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465.15 | 495 |
| BHARATFORG | 1298 | 1340 |
| BHARTIARTL | 1519.95 | 1540 |
| BHEL | 228.4 | 235 |
| BIOCON | 324.7 | 330 |
| BOSCHLTD | 34102.45 | 34000 |
| BPCL | 281.45 | 300 |
| BRITANNIA | 4784 | 5000 |
| BSOFT | 547.65 | 560 |
| CANBK | 94.73 | 100 |
| CANFINHOME | 822.1 | 830 |
| CHAMBLFERT | 455 | 480 |
| CHOLAFIN | 1206 | 1260 |
| CIPLA | 1463.4 | 1520 |
| COALINDIA | 405.1 | 425 |
| COFORGE | 8208.8 | 8000 |
| COLPAL | 2694.15 | 2850 |
| CONCOR | 768.4 | 810 |
| COROMANDEL | 1773.15 | 1720 |
| CROMPTON | 381.7 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3290 | 3400 |
| DABUR | 505.6 | 525 |
| DALBHARAT | 1774.3 | 1760 |
| DEEPAKNTR | 2615.95 | 2650 |
| DIVISLAB | 5958.05 | 5900 |
| DIXON | 14986.75 | 14750 |
| DLF | 776.9 | 780 |
| DRREDDY | 1193.7 | 1220 |
| EICHERMOT | 4882.25 | 4900 |
| ESCORTS | 3459.95 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.47 | 205 |
| GAIL | 187.55 | 195 |
| GLENMARK | 1465.25 | 1520 |
| GMRINFRA | 76.78 | 82 |
| GNFC | 556.35 | 570 |
| GODREJCP | 1181.25 | 1200 |
| GODREJPROP | 2707.45 | 2750 |
| GRANULES | 544.75 | 570 |
| GRASIM | 2547.85 | 2540 |
| GUJGASLTD | 452.5 | 470 |
| HAL | 3986 | 4200 |
| HAVELLS | 1633.05 | 1640 |
| HCLTECH | 1833.45 | 1820 |
| HDFCAMC | 4223.4 | 4300 |
| HDFCBANK | 1740.95 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4759.9 | 4800 |
| HINDALCO | 646.55 | 650 |
| HINDCOPPER | 262.45 | 290 |
| HINDPETRO | 357.8 | 375 |
| HINDUNILVR | 2384 | 2480 |
| ICICIBANK | 1250.15 | 1260 |
| ICICIGI | 1814.75 | 1880 |
| ICICIPRULI | 678.55 | 690 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 63.09 | 66 |
| IEX | 161.4 | 170 |
| IGL | 311.8 | 330 |
| INDHOTEL | 787.6 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4063.55 | 4000 |
| INDUSINDBK | 973.8 | 1040 |
| INDUSTOWER | 329.6 | 340 |
| INFY | 1837.5 | 1800 |
| IOC | 130.7 | 140 |
| IPCALAB | 1572.75 | 1560 |
| IRCTC | 794.05 | 820 |
| ITC | 457.05 | 475 |
| JINDALSTEL | 871 | 900 |
| JKCEMENT | 4008.55 | 4000 |
| JSWSTEEL | 943 | 960 |
| JUBLFOOD | 611.55 | 620 |
| KOTAKBANK | 1735.55 | 1760 |
| LALPATHLAB | 3030 | 3100 |
| LAURUSLABS | 489 | 490 |
| LICHSGFIN | 611.2 | 630 |
| LT | 3487.65 | 3600 |
| LTF | 137.79 | 140 |
| LTIM | 5932.7 | 5900 |
| LTTS | 5181.65 | 5150 |
| LUPIN | 2041 | 2100 |
| M&M | 2939.45 | 2900 |
| M&MFIN | 257.35 | 265 |
| MANAPPURAM | 150.75 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10874.95 | 11000 |
| MCX | 6164 | 6200 |
| METROPOLIS | 2013 | 2060 |
| MFSL | 1175.3 | 1200 |
| MGL | 1120.05 | 1160 |
| MOTHERSON | 161.9 | 175 |
| MPHASIS | 2789.45 | 2850 |
| MRF | 123250 | 122500 |
| MUTHOOTFIN | 1903 | 1880 |
| NATIONALUM | 247.14 | 240 |
| NAUKRI | 7545 | 7700 |
| NAVINFLUOR | 3265.1 | 3400 |
| NESTLEIND | 2205.05 | 2280 |
| NMDC | 218.22 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1925.9 | 1960 |
| OFSS | 11145 | 11500 |
| ONGC | 241 | 250 |
| PAGEIND | 44476 | 45500 |
| PEL | 1055.75 | 1060 |
| PERSISTENT | 5733 | 5600 |
| PETRONET | 320.7 | 328 |
| PFC | 453.65 | 460 |
| PIDILITIND | 2935.6 | 3060 |
| PIIND | 4126.35 | 4200 |
| PNB | 96.65 | 102 |
| POLYCAB | 6418.8 | 6500 |
| POWERGRID | 324.55 | 320 |
| PVRINOX | 1447.05 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 157.1 | 160 |
| RECLTD | 491.55 | 510 |
| RELIANCE | 1220.9 | 1290 |
| SAIL | 110.85 | 117.5 |
| SBICARD | 675.85 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.45 | 800 |
| SHREECEM | 24115.7 | 24500 |
| SHRIRAMFIN | 2809.4 | 2900 |
| SIEMENS | 6654 | 6800 |
| SRF | 2155.9 | 2260 |
| SUNPHARMA | 1774.95 | 1800 |
| SUNTV | 727.35 | 730 |
| SYNGENE | 846.15 | 870 |
| TATACHEM | 1052.5 | 1100 |
| TATACOMM | 1708.6 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 774.45 | 800 |
| TATAPOWER | 409.9 | 420 |
| TATASTEEL | 140.36 | 145 |
| TCS | 4076.9 | 4100 |
| TECHM | 1698.9 | 1680 |
| TITAN | 3182.65 | 3200 |
| TORNTPHARM | 3105.65 | 3150 |
| TRENT | 6432.35 | 6600 |
| TVSMOTOR | 2397 | 2450 |
| UBL | 1818.05 | 1880 |
| ULTRACEMCO | 10944.05 | 11000 |
| UNITDSPR | 1490.6 | 1480 |
| UPL | 558.8 | 540 |
| VEDL | 441.7 | 460 |
| VOLTAS | 1670 | 1700 |
| WIPRO | 557.35 | 560 |
| ZYDUSLIFE | 945.3 | 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.
