ASHOKLEY
Ashok Leyland Ltd
Max pain for ASHOKLEY
21 Nov 2024 02:52 PM IST
Max Pain for ASHOKLEY is 220
Strike 175 has a total call value of 0 versus a total put value of 83,285,625,000 Combined total value = 83,285,625,000
Strike 177.5 has a total call value of 0 versus a total put value of 77,825,000,000 Combined total value = 77,825,000,000
Strike 180 has a total call value of 0 versus a total put value of 72,364,375,000 Combined total value = 72,364,375,000
Strike 182.5 has a total call value of 0 versus a total put value of 67,078,125,000 Combined total value = 67,078,125,000
Strike 185 has a total call value of 0 versus a total put value of 61,791,875,000 Combined total value = 61,791,875,000
Strike 187.5 has a total call value of 0 versus a total put value of 56,538,750,000 Combined total value = 56,538,750,000
Strike 190 has a total call value of 0 versus a total put value of 51,285,625,000 Combined total value = 51,285,625,000
Strike 192.5 has a total call value of 0 versus a total put value of 46,268,750,000 Combined total value = 46,268,750,000
Strike 195 has a total call value of 8,125,000 versus a total put value of 41,280,000,000 Combined total value = 41,288,125,000
Strike 197.5 has a total call value of 20,000,000 versus a total put value of 36,456,875,000 Combined total value = 36,476,875,000
Strike 200 has a total call value of 41,875,000 versus a total put value of 31,690,000,000 Combined total value = 31,731,875,000
Strike 202.5 has a total call value of 133,125,000 versus a total put value of 27,500,625,000 Combined total value = 27,633,750,000
Strike 205 has a total call value of 279,375,000 versus a total put value of 23,377,500,000 Combined total value = 23,656,875,000
Strike 207.5 has a total call value of 559,375,000 versus a total put value of 19,565,625,000 Combined total value = 20,125,000,000
Strike 210 has a total call value of 923,750,000 versus a total put value of 15,943,125,000 Combined total value = 16,866,875,000
Strike 212.5 has a total call value of 1,725,000,000 versus a total put value of 12,943,750,000 Combined total value = 14,668,750,000
Strike 215 has a total call value of 2,656,250,000 versus a total put value of 10,115,625,000 Combined total value = 12,771,875,000
Strike 217.5 has a total call value of 4,001,250,000 versus a total put value of 7,912,500,000 Combined total value = 11,913,750,000
Strike 220 has a total call value of 5,571,250,000 versus a total put value of 5,923,750,000 Combined total value = 11,495,000,000
Strike 222.5 has a total call value of 7,970,625,000 versus a total put value of 4,633,125,000 Combined total value = 12,603,750,000
Strike 225 has a total call value of 10,693,125,000 versus a total put value of 3,495,625,000 Combined total value = 14,188,750,000
Strike 227.5 has a total call value of 14,347,500,000 versus a total put value of 2,653,125,000 Combined total value = 17,000,625,000
Strike 230 has a total call value of 18,372,500,000 versus a total put value of 1,906,250,000 Combined total value = 20,278,750,000
Strike 232.5 has a total call value of 23,674,375,000 versus a total put value of 1,493,750,000 Combined total value = 25,168,125,000
Strike 235 has a total call value of 29,137,500,000 versus a total put value of 1,130,000,000 Combined total value = 30,267,500,000
Strike 237.5 has a total call value of 34,940,000,000 versus a total put value of 831,875,000 Combined total value = 35,771,875,000
Strike 240 has a total call value of 40,811,250,000 versus a total put value of 533,750,000 Combined total value = 41,345,000,000
Strike 242.5 has a total call value of 47,285,625,000 versus a total put value of 450,000,000 Combined total value = 47,735,625,000
Strike 245 has a total call value of 53,760,000,000 versus a total put value of 366,250,000 Combined total value = 54,126,250,000
Strike 247.5 has a total call value of 60,371,250,000 versus a total put value of 308,750,000 Combined total value = 60,680,000,000
Strike 250 has a total call value of 67,016,875,000 versus a total put value of 251,250,000 Combined total value = 67,268,125,000
Strike 252.5 has a total call value of 74,307,500,000 versus a total put value of 193,750,000 Combined total value = 74,501,250,000
Strike 255 has a total call value of 81,598,125,000 versus a total put value of 140,000,000 Combined total value = 81,738,125,000
Strike 257.5 has a total call value of 88,900,625,000 versus a total put value of 86,250,000 Combined total value = 88,986,875,000
Strike 260 has a total call value of 96,203,125,000 versus a total put value of 32,500,000 Combined total value = 96,235,625,000
Strike 262.5 has a total call value of 103,623,125,000 versus a total put value of 24,375,000 Combined total value = 103,647,500,000
Strike 265 has a total call value of 111,043,125,000 versus a total put value of 16,250,000 Combined total value = 111,059,375,000
Strike 267.5 has a total call value of 118,468,750,000 versus a total put value of 8,125,000 Combined total value = 118,476,875,000
Strike 270 has a total call value of 125,894,375,000 versus a total put value of 0 Combined total value = 125,894,375,000
Strike 272.5 has a total call value of 133,393,125,000 versus a total put value of 0 Combined total value = 133,393,125,000
Strike 275 has a total call value of 140,891,875,000 versus a total put value of 0 Combined total value = 140,891,875,000
Strike 277.5 has a total call value of 148,390,625,000 versus a total put value of 0 Combined total value = 148,390,625,000
Strike 280 has a total call value of 155,889,375,000 versus a total put value of 0 Combined total value = 155,889,375,000
Strike 282.5 has a total call value of 163,388,125,000 versus a total put value of 0 Combined total value = 163,388,125,000
Strike 285 has a total call value of 170,886,875,000 versus a total put value of 0 Combined total value = 170,886,875,000
Strike 287.5 has a total call value of 178,385,625,000 versus a total put value of 0 Combined total value = 178,385,625,000
Strike 290 has a total call value of 185,884,375,000 versus a total put value of 0 Combined total value = 185,884,375,000
Strike 292.5 has a total call value of 193,383,125,000 versus a total put value of 0 Combined total value = 193,383,125,000
Strike 295 has a total call value of 200,881,875,000 versus a total put value of 0 Combined total value = 200,881,875,000
Strike 297.5 has a total call value of 208,380,625,000 versus a total put value of 0 Combined total value = 208,380,625,000
Strike 300 has a total call value of 215,879,375,000 versus a total put value of 0 Combined total value = 215,879,375,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 424.95 | 470 |
| ABB | 6753.9 | 7000 |
| ABBOTINDIA | 27049.85 | 28000 |
| ABCAPITAL | 183.39 | 200 |
| ABFRL | 284.35 | 300 |
| ACC | 2037.35 | 2220 |
| ADANIENT | 2233.6 | 2600 |
| ADANIPORTS | 1130.55 | 1200 |
| ALKEM | 5593.5 | 5500 |
| AMBUJACEM | 492.8 | 540 |
| APOLLOHOSP | 6727.8 | 6900 |
| APOLLOTYRE | 480.65 | 480 |
| ASHOKLEY | 218.89 | 220 |
| ASIANPAINT | 2429.9 | 2540 |
| ASTRAL | 1714 | 1780 |
| ATUL | 7221.95 | 7500 |
| AUBANK | 592.05 | 590 |
| AUROPHARMA | 1219.85 | 1300 |
| AXISBANK | 1137.85 | 1150 |
| BAJAJ-AUTO | 9477.15 | 9700 |
| BAJAJFINSV | 1568.25 | 1620 |
| BAJFINANCE | 6464.45 | 6700 |
| BALKRISIND | 2734.95 | 2800 |
| BANDHANBNK | 166.01 | 180 |
| BANKBARODA | 228.9 | 240 |
| BATAINDIA | 1281.95 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 464.6 | 495 |
| BHARATFORG | 1298.2 | 1340 |
| BHARTIARTL | 1525.55 | 1540 |
| BHEL | 228.1 | 235 |
| BIOCON | 324.2 | 330 |
| BOSCHLTD | 34079.8 | 34000 |
| BPCL | 281.8 | 300 |
| BRITANNIA | 4794.7 | 5000 |
| BSOFT | 546.2 | 560 |
| CANBK | 94.6 | 100 |
| CANFINHOME | 821.45 | 830 |
| CHAMBLFERT | 455 | 480 |
| CHOLAFIN | 1207.65 | 1260 |
| CIPLA | 1463.45 | 1520 |
| COALINDIA | 405.7 | 425 |
| COFORGE | 8200.2 | 8000 |
| COLPAL | 2695.5 | 2850 |
| CONCOR | 768.55 | 810 |
| COROMANDEL | 1769.25 | 1720 |
| CROMPTON | 382 | 385 |
| CUB | 170.16 | 175 |
| CUMMINSIND | 3285.6 | 3400 |
| DABUR | 504.5 | 525 |
| DALBHARAT | 1775.45 | 1760 |
| DEEPAKNTR | 2611 | 2650 |
| DIVISLAB | 5951 | 5900 |
| DIXON | 14971.5 | 14750 |
| DLF | 774.25 | 780 |
| DRREDDY | 1193.15 | 1220 |
| EICHERMOT | 4879.45 | 4900 |
| ESCORTS | 3454.45 | 3600 |
| EXIDEIND | 414.8 | 440 |
| FEDERALBNK | 210.16 | 205 |
| GAIL | 187.74 | 197.5 |
| GLENMARK | 1464.4 | 1540 |
| GMRINFRA | 76.95 | 82 |
| GNFC | 555.8 | 570 |
| GODREJCP | 1179.65 | 1200 |
| GODREJPROP | 2693.65 | 2750 |
| GRANULES | 544.45 | 570 |
| GRASIM | 2537.5 | 2540 |
| GUJGASLTD | 452.2 | 470 |
| HAL | 3973.95 | 4200 |
| HAVELLS | 1631.95 | 1640 |
| HCLTECH | 1833.4 | 1820 |
| HDFCAMC | 4228.15 | 4300 |
| HDFCBANK | 1739.85 | 1740 |
| HDFCLIFE | 671.55 | 680 |
| HEROMOTOCO | 4753.95 | 4800 |
| HINDALCO | 647.5 | 650 |
| HINDCOPPER | 261.75 | 290 |
| HINDPETRO | 359.5 | 375 |
| HINDUNILVR | 2385.65 | 2480 |
| ICICIBANK | 1249.35 | 1260 |
| ICICIGI | 1810 | 1880 |
| ICICIPRULI | 677.35 | 690 |
| IDEA | 6.93 | 8 |
| IDFCFIRSTB | 62.95 | 66 |
| IEX | 161.27 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 784.15 | 760 |
| INDIAMART | 2252.25 | 2400 |
| INDIGO | 4063.8 | 4000 |
| INDUSINDBK | 974.45 | 1040 |
| INDUSTOWER | 329.35 | 340 |
| INFY | 1837.65 | 1800 |
| IOC | 130.76 | 140 |
| IPCALAB | 1569.9 | 1560 |
| IRCTC | 793.65 | 820 |
| ITC | 457.3 | 475 |
| JINDALSTEL | 870.3 | 900 |
| JKCEMENT | 4008.1 | 4000 |
| JSWSTEEL | 943.15 | 960 |
| JUBLFOOD | 610.9 | 620 |
| KOTAKBANK | 1736.5 | 1760 |
| LALPATHLAB | 3029.4 | 3100 |
| LAURUSLABS | 488.2 | 490 |
| LICHSGFIN | 610.1 | 630 |
| LT | 3478.15 | 3600 |
| LTF | 137.61 | 140 |
| LTIM | 5936.1 | 5900 |
| LTTS | 5163.05 | 5150 |
| LUPIN | 2038.3 | 2100 |
| M&M | 2932.6 | 2900 |
| M&MFIN | 256.8 | 265 |
| MANAPPURAM | 150.7 | 155 |
| MARICO | 590.5 | 600 |
| MARUTI | 10869.8 | 11000 |
| MCX | 6155 | 6200 |
| METROPOLIS | 2010.7 | 2060 |
| MFSL | 1172.1 | 1200 |
| MGL | 1119.3 | 1160 |
| MOTHERSON | 161.45 | 175 |
| MPHASIS | 2787.25 | 2850 |
| MRF | 123241.05 | 122500 |
| MUTHOOTFIN | 1900.2 | 1880 |
| NATIONALUM | 247.17 | 240 |
| NAUKRI | 7540 | 7700 |
| NAVINFLUOR | 3258 | 3400 |
| NESTLEIND | 2205.4 | 2280 |
| NMDC | 217.55 | 225 |
| NTPC | 355.5 | 370 |
| OBEROIRLTY | 1916.5 | 1960 |
| OFSS | 11132.9 | 11500 |
| ONGC | 241.5 | 250 |
| PAGEIND | 44417.5 | 45500 |
| PEL | 1052.85 | 1060 |
| PERSISTENT | 5727.95 | 5600 |
| PETRONET | 320.7 | 328 |
| PFC | 452.85 | 460 |
| PIDILITIND | 2933.95 | 3060 |
| PIIND | 4124.5 | 4200 |
| PNB | 96.51 | 102 |
| POLYCAB | 6408.9 | 6500 |
| POWERGRID | 325.35 | 320 |
| PVRINOX | 1445 | 1500 |
| RAMCOCEM | 915 | 900 |
| RBLBANK | 156.78 | 160 |
| RECLTD | 490.7 | 510 |
| RELIANCE | 1221 | 1290 |
| SAIL | 110.7 | 117.5 |
| SBICARD | 675.5 | 690 |
| SBILIFE | 1479.5 | 1520 |
| SBIN | 779.7 | 800 |
| SHREECEM | 24098.3 | 24500 |
| SHRIRAMFIN | 2811.25 | 2900 |
| SIEMENS | 6638.3 | 6800 |
| SRF | 2150.5 | 2260 |
| SUNPHARMA | 1774 | 1800 |
| SUNTV | 726.9 | 730 |
| SYNGENE | 844.15 | 870 |
| TATACHEM | 1047.65 | 1100 |
| TATACOMM | 1710.3 | 1780 |
| TATACONSUM | 911.45 | 950 |
| TATAMOTORS | 774.75 | 800 |
| TATAPOWER | 409.35 | 420 |
| TATASTEEL | 140.29 | 145 |
| TCS | 4074.35 | 4100 |
| TECHM | 1699.3 | 1680 |
| TITAN | 3182.45 | 3200 |
| TORNTPHARM | 3098.7 | 3150 |
| TRENT | 6451.7 | 6600 |
| TVSMOTOR | 2391.05 | 2450 |
| UBL | 1814.25 | 1880 |
| ULTRACEMCO | 10989.55 | 11000 |
| UNITDSPR | 1489.55 | 1480 |
| UPL | 557.6 | 540 |
| VEDL | 440.4 | 460 |
| VOLTAS | 1667.1 | 1700 |
| WIPRO | 556.95 | 560 |
| ZYDUSLIFE | 943.6 | 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.
