ASIANPAINT
Asian Paints Limited
Max pain for ASIANPAINT
21 Nov 2024 03:51 PM IST
Max Pain for ASIANPAINT is 2540
Strike 2000 has a total call value of 0 versus a total put value of 357,612,400,000 Combined total value = 357,612,400,000
Strike 2020 has a total call value of 0 versus a total put value of 345,326,400,000 Combined total value = 345,326,400,000
Strike 2040 has a total call value of 0 versus a total put value of 333,040,400,000 Combined total value = 333,040,400,000
Strike 2060 has a total call value of 0 versus a total put value of 320,754,400,000 Combined total value = 320,754,400,000
Strike 2080 has a total call value of 0 versus a total put value of 308,468,400,000 Combined total value = 308,468,400,000
Strike 2100 has a total call value of 5,200,000 versus a total put value of 296,182,400,000 Combined total value = 296,187,600,000
Strike 2120 has a total call value of 10,400,000 versus a total put value of 283,896,400,000 Combined total value = 283,906,800,000
Strike 2140 has a total call value of 15,600,000 versus a total put value of 271,649,600,000 Combined total value = 271,665,200,000
Strike 2160 has a total call value of 20,800,000 versus a total put value of 259,402,800,000 Combined total value = 259,423,600,000
Strike 2180 has a total call value of 26,000,000 versus a total put value of 247,156,000,000 Combined total value = 247,182,000,000
Strike 2200 has a total call value of 31,200,000 versus a total put value of 234,909,200,000 Combined total value = 234,940,400,000
Strike 2220 has a total call value of 41,200,000 versus a total put value of 222,819,200,000 Combined total value = 222,860,400,000
Strike 2240 has a total call value of 51,200,000 versus a total put value of 210,743,200,000 Combined total value = 210,794,400,000
Strike 2260 has a total call value of 61,200,000 versus a total put value of 198,667,200,000 Combined total value = 198,728,400,000
Strike 2280 has a total call value of 71,200,000 versus a total put value of 186,655,600,000 Combined total value = 186,726,800,000
Strike 2300 has a total call value of 84,000,000 versus a total put value of 174,918,000,000 Combined total value = 175,002,000,000
Strike 2320 has a total call value of 98,800,000 versus a total put value of 163,645,200,000 Combined total value = 163,744,000,000
Strike 2340 has a total call value of 113,600,000 versus a total put value of 152,576,000,000 Combined total value = 152,689,600,000
Strike 2360 has a total call value of 128,400,000 versus a total put value of 141,780,800,000 Combined total value = 141,909,200,000
Strike 2380 has a total call value of 152,400,000 versus a total put value of 131,608,000,000 Combined total value = 131,760,400,000
Strike 2400 has a total call value of 184,400,000 versus a total put value of 121,734,800,000 Combined total value = 121,919,200,000
Strike 2420 has a total call value of 397,600,000 versus a total put value of 112,742,800,000 Combined total value = 113,140,400,000
Strike 2440 has a total call value of 822,800,000 versus a total put value of 104,215,600,000 Combined total value = 105,038,400,000
Strike 2460 has a total call value of 1,734,800,000 versus a total put value of 96,193,200,000 Combined total value = 97,928,000,000
Strike 2480 has a total call value of 3,232,000,000 versus a total put value of 88,472,800,000 Combined total value = 91,704,800,000
Strike 2500 has a total call value of 5,279,600,000 versus a total put value of 81,148,800,000 Combined total value = 86,428,400,000
Strike 2520 has a total call value of 8,975,600,000 versus a total put value of 74,693,600,000 Combined total value = 83,669,200,000
Strike 2540 has a total call value of 13,700,000,000 versus a total put value of 68,754,400,000 Combined total value = 82,454,400,000
Strike 2560 has a total call value of 19,463,200,000 versus a total put value of 63,237,200,000 Combined total value = 82,700,400,000
Strike 2580 has a total call value of 26,091,600,000 versus a total put value of 58,060,800,000 Combined total value = 84,152,400,000
Strike 2600 has a total call value of 33,259,600,000 versus a total put value of 53,010,400,000 Combined total value = 86,270,000,000
Strike 2620 has a total call value of 42,629,600,000 versus a total put value of 48,675,600,000 Combined total value = 91,305,200,000
Strike 2640 has a total call value of 52,533,600,000 versus a total put value of 44,459,200,000 Combined total value = 96,992,800,000
Strike 2660 has a total call value of 62,680,400,000 versus a total put value of 40,390,000,000 Combined total value = 103,070,400,000
Strike 2680 has a total call value of 73,074,800,000 versus a total put value of 36,483,600,000 Combined total value = 109,558,400,000
Strike 2700 has a total call value of 83,674,400,000 versus a total put value of 32,740,400,000 Combined total value = 116,414,800,000
Strike 2720 has a total call value of 95,763,200,000 versus a total put value of 29,416,800,000 Combined total value = 125,180,000,000
Strike 2740 has a total call value of 107,916,000,000 versus a total put value of 26,203,200,000 Combined total value = 134,119,200,000
Strike 2760 has a total call value of 120,322,000,000 versus a total put value of 23,213,200,000 Combined total value = 143,535,200,000
Strike 2780 has a total call value of 132,934,400,000 versus a total put value of 20,609,200,000 Combined total value = 153,543,600,000
Strike 2800 has a total call value of 145,754,400,000 versus a total put value of 18,005,200,000 Combined total value = 163,759,600,000
Strike 2820 has a total call value of 159,856,800,000 versus a total put value of 15,884,800,000 Combined total value = 175,741,600,000
Strike 2840 has a total call value of 174,119,200,000 versus a total put value of 13,875,200,000 Combined total value = 187,994,400,000
Strike 2860 has a total call value of 188,561,200,000 versus a total put value of 11,947,600,000 Combined total value = 200,508,800,000
Strike 2880 has a total call value of 203,241,200,000 versus a total put value of 10,106,400,000 Combined total value = 213,347,600,000
Strike 2900 has a total call value of 218,093,600,000 versus a total put value of 8,362,000,000 Combined total value = 226,455,600,000
Strike 2920 has a total call value of 234,129,200,000 versus a total put value of 7,313,600,000 Combined total value = 241,442,800,000
Strike 2940 has a total call value of 250,320,400,000 versus a total put value of 6,348,400,000 Combined total value = 256,668,800,000
Strike 2960 has a total call value of 266,720,800,000 versus a total put value of 5,461,200,000 Combined total value = 272,182,000,000
Strike 2980 has a total call value of 283,222,800,000 versus a total put value of 4,626,400,000 Combined total value = 287,849,200,000
Strike 3000 has a total call value of 299,951,600,000 versus a total put value of 3,791,600,000 Combined total value = 303,743,200,000
Strike 3020 has a total call value of 318,268,800,000 versus a total put value of 3,324,800,000 Combined total value = 321,593,600,000
Strike 3040 has a total call value of 336,692,800,000 versus a total put value of 2,858,000,000 Combined total value = 339,550,800,000
Strike 3060 has a total call value of 355,200,800,000 versus a total put value of 2,414,000,000 Combined total value = 357,614,800,000
Strike 3080 has a total call value of 373,909,200,000 versus a total put value of 1,970,000,000 Combined total value = 375,879,200,000
Strike 3100 has a total call value of 392,689,200,000 versus a total put value of 1,526,000,000 Combined total value = 394,215,200,000
Strike 3120 has a total call value of 412,275,200,000 versus a total put value of 1,292,400,000 Combined total value = 413,567,600,000
Strike 3140 has a total call value of 431,861,200,000 versus a total put value of 1,058,800,000 Combined total value = 432,920,000,000
Strike 3160 has a total call value of 451,484,800,000 versus a total put value of 825,200,000 Combined total value = 452,310,000,000
Strike 3180 has a total call value of 471,132,000,000 versus a total put value of 591,600,000 Combined total value = 471,723,600,000
Strike 3200 has a total call value of 490,779,200,000 versus a total put value of 358,000,000 Combined total value = 491,137,200,000
Strike 3220 has a total call value of 510,776,000,000 versus a total put value of 288,400,000 Combined total value = 511,064,400,000
Strike 3240 has a total call value of 530,815,200,000 versus a total put value of 218,800,000 Combined total value = 531,034,000,000
Strike 3260 has a total call value of 550,854,400,000 versus a total put value of 149,200,000 Combined total value = 551,003,600,000
Strike 3280 has a total call value of 570,915,200,000 versus a total put value of 79,600,000 Combined total value = 570,994,800,000
Strike 3300 has a total call value of 590,976,000,000 versus a total put value of 10,000,000 Combined total value = 590,986,000,000
Strike 3320 has a total call value of 611,267,200,000 versus a total put value of 9,600,000 Combined total value = 611,276,800,000
Strike 3340 has a total call value of 631,559,600,000 versus a total put value of 9,200,000 Combined total value = 631,568,800,000
Strike 3360 has a total call value of 651,852,000,000 versus a total put value of 8,800,000 Combined total value = 651,860,800,000
Strike 3380 has a total call value of 672,144,400,000 versus a total put value of 8,400,000 Combined total value = 672,152,800,000
Strike 3400 has a total call value of 692,436,800,000 versus a total put value of 8,000,000 Combined total value = 692,444,800,000
Strike 3420 has a total call value of 712,818,400,000 versus a total put value of 7,600,000 Combined total value = 712,826,000,000
Strike 3440 has a total call value of 733,200,000,000 versus a total put value of 7,200,000 Combined total value = 733,207,200,000
Strike 3460 has a total call value of 753,581,600,000 versus a total put value of 6,800,000 Combined total value = 753,588,400,000
Strike 3480 has a total call value of 773,963,200,000 versus a total put value of 6,400,000 Combined total value = 773,969,600,000
Strike 3500 has a total call value of 794,344,800,000 versus a total put value of 6,000,000 Combined total value = 794,350,800,000
Strike 3520 has a total call value of 814,773,200,000 versus a total put value of 5,600,000 Combined total value = 814,778,800,000
Strike 3540 has a total call value of 835,201,600,000 versus a total put value of 5,200,000 Combined total value = 835,206,800,000
Strike 3560 has a total call value of 855,630,000,000 versus a total put value of 4,800,000 Combined total value = 855,634,800,000
Strike 3580 has a total call value of 876,058,400,000 versus a total put value of 4,400,000 Combined total value = 876,062,800,000
Strike 3600 has a total call value of 896,486,800,000 versus a total put value of 4,000,000 Combined total value = 896,490,800,000
Strike 3620 has a total call value of 916,915,200,000 versus a total put value of 3,600,000 Combined total value = 916,918,800,000
Strike 3640 has a total call value of 937,343,600,000 versus a total put value of 3,200,000 Combined total value = 937,346,800,000
Strike 3660 has a total call value of 957,772,000,000 versus a total put value of 2,800,000 Combined total value = 957,774,800,000
Strike 3680 has a total call value of 978,200,400,000 versus a total put value of 2,400,000 Combined total value = 978,202,800,000
Strike 3700 has a total call value of 998,640,000,000 versus a total put value of 2,000,000 Combined total value = 998,642,000,000
Strike 3720 has a total call value of 1,019,079,600,000 versus a total put value of 1,600,000 Combined total value = 1,019,081,200,000
Strike 3740 has a total call value of 1,039,519,200,000 versus a total put value of 1,200,000 Combined total value = 1,039,520,400,000
Strike 3760 has a total call value of 1,059,958,800,000 versus a total put value of 800,000 Combined total value = 1,059,959,600,000
Strike 3780 has a total call value of 1,080,398,400,000 versus a total put value of 400,000 Combined total value = 1,080,398,800,000
Strike 3800 has a total call value of 1,100,838,000,000 versus a total put value of 0 Combined total value = 1,100,838,000,000
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.
