ASIANPAINT
Asian Paints Limited
Max pain for ASIANPAINT
12 Nov 2024 04:11 PM IST
Max Pain for ASIANPAINT is 2600
Strike 2080 has a total call value of 0 versus a total put value of 391,842,400,000 Combined total value = 391,842,400,000
Strike 2100 has a total call value of 1,600,000 versus a total put value of 376,463,200,000 Combined total value = 376,464,800,000
Strike 2120 has a total call value of 3,200,000 versus a total put value of 361,084,000,000 Combined total value = 361,087,200,000
Strike 2140 has a total call value of 4,800,000 versus a total put value of 345,712,800,000 Combined total value = 345,717,600,000
Strike 2160 has a total call value of 6,400,000 versus a total put value of 330,341,600,000 Combined total value = 330,348,000,000
Strike 2180 has a total call value of 8,000,000 versus a total put value of 314,970,400,000 Combined total value = 314,978,400,000
Strike 2200 has a total call value of 9,600,000 versus a total put value of 299,599,200,000 Combined total value = 299,608,800,000
Strike 2220 has a total call value of 11,200,000 versus a total put value of 284,402,400,000 Combined total value = 284,413,600,000
Strike 2240 has a total call value of 12,800,000 versus a total put value of 269,205,600,000 Combined total value = 269,218,400,000
Strike 2260 has a total call value of 14,400,000 versus a total put value of 254,022,000,000 Combined total value = 254,036,400,000
Strike 2280 has a total call value of 16,000,000 versus a total put value of 238,952,800,000 Combined total value = 238,968,800,000
Strike 2300 has a total call value of 20,000,000 versus a total put value of 224,226,800,000 Combined total value = 224,246,800,000
Strike 2320 has a total call value of 24,400,000 versus a total put value of 210,125,200,000 Combined total value = 210,149,600,000
Strike 2340 has a total call value of 28,800,000 versus a total put value of 196,348,000,000 Combined total value = 196,376,800,000
Strike 2360 has a total call value of 33,200,000 versus a total put value of 182,709,200,000 Combined total value = 182,742,400,000
Strike 2380 has a total call value of 40,400,000 versus a total put value of 169,475,600,000 Combined total value = 169,516,000,000
Strike 2400 has a total call value of 53,600,000 versus a total put value of 156,444,000,000 Combined total value = 156,497,600,000
Strike 2420 has a total call value of 160,800,000 versus a total put value of 144,662,800,000 Combined total value = 144,823,600,000
Strike 2440 has a total call value of 288,400,000 versus a total put value of 133,306,000,000 Combined total value = 133,594,400,000
Strike 2460 has a total call value of 488,000,000 versus a total put value of 122,562,000,000 Combined total value = 123,050,000,000
Strike 2480 has a total call value of 770,400,000 versus a total put value of 112,176,000,000 Combined total value = 112,946,400,000
Strike 2500 has a total call value of 1,446,800,000 versus a total put value of 102,432,400,000 Combined total value = 103,879,200,000
Strike 2520 has a total call value of 3,547,200,000 versus a total put value of 93,937,600,000 Combined total value = 97,484,800,000
Strike 2540 has a total call value of 6,800,800,000 versus a total put value of 86,375,600,000 Combined total value = 93,176,400,000
Strike 2560 has a total call value of 11,240,000,000 versus a total put value of 79,377,600,000 Combined total value = 90,617,600,000
Strike 2580 has a total call value of 16,859,600,000 versus a total put value of 72,782,000,000 Combined total value = 89,641,600,000
Strike 2600 has a total call value of 23,048,400,000 versus a total put value of 66,368,400,000 Combined total value = 89,416,800,000
Strike 2620 has a total call value of 32,132,000,000 versus a total put value of 60,961,200,000 Combined total value = 93,093,200,000
Strike 2640 has a total call value of 41,939,200,000 versus a total put value of 55,648,000,000 Combined total value = 97,587,200,000
Strike 2660 has a total call value of 51,957,200,000 versus a total put value of 50,496,000,000 Combined total value = 102,453,200,000
Strike 2680 has a total call value of 62,130,400,000 versus a total put value of 45,510,800,000 Combined total value = 107,641,200,000
Strike 2700 has a total call value of 72,341,600,000 versus a total put value of 40,700,800,000 Combined total value = 113,042,400,000
Strike 2720 has a total call value of 84,380,800,000 versus a total put value of 36,486,000,000 Combined total value = 120,866,800,000
Strike 2740 has a total call value of 96,492,400,000 versus a total put value of 32,434,400,000 Combined total value = 128,926,800,000
Strike 2760 has a total call value of 108,941,200,000 versus a total put value of 28,614,800,000 Combined total value = 137,556,000,000
Strike 2780 has a total call value of 121,746,400,000 versus a total put value of 25,209,200,000 Combined total value = 146,955,600,000
Strike 2800 has a total call value of 134,952,400,000 versus a total put value of 22,016,800,000 Combined total value = 156,969,200,000
Strike 2820 has a total call value of 149,930,800,000 versus a total put value of 19,498,000,000 Combined total value = 169,428,800,000
Strike 2840 has a total call value of 165,201,600,000 versus a total put value of 17,096,800,000 Combined total value = 182,298,400,000
Strike 2860 has a total call value of 180,754,000,000 versus a total put value of 14,793,200,000 Combined total value = 195,547,200,000
Strike 2880 has a total call value of 196,649,600,000 versus a total put value of 12,595,200,000 Combined total value = 209,244,800,000
Strike 2900 has a total call value of 212,793,600,000 versus a total put value of 10,508,400,000 Combined total value = 223,302,000,000
Strike 2920 has a total call value of 230,486,000,000 versus a total put value of 9,263,600,000 Combined total value = 239,749,600,000
Strike 2940 has a total call value of 248,400,000,000 versus a total put value of 8,018,800,000 Combined total value = 256,418,800,000
Strike 2960 has a total call value of 266,620,400,000 versus a total put value of 6,774,000,000 Combined total value = 273,394,400,000
Strike 2980 has a total call value of 284,980,000,000 versus a total put value of 5,602,400,000 Combined total value = 290,582,400,000
Strike 3000 has a total call value of 303,529,600,000 versus a total put value of 4,575,600,000 Combined total value = 308,105,200,000
Strike 3020 has a total call value of 324,268,000,000 versus a total put value of 4,046,000,000 Combined total value = 328,314,000,000
Strike 3040 has a total call value of 345,138,800,000 versus a total put value of 3,516,400,000 Combined total value = 348,655,200,000
Strike 3060 has a total call value of 366,113,600,000 versus a total put value of 2,986,800,000 Combined total value = 369,100,400,000
Strike 3080 has a total call value of 387,359,600,000 versus a total put value of 2,457,200,000 Combined total value = 389,816,800,000
Strike 3100 has a total call value of 408,681,600,000 versus a total put value of 1,927,600,000 Combined total value = 410,609,200,000
Strike 3120 has a total call value of 430,955,600,000 versus a total put value of 1,660,400,000 Combined total value = 432,616,000,000
Strike 3140 has a total call value of 453,256,000,000 versus a total put value of 1,393,200,000 Combined total value = 454,649,200,000
Strike 3160 has a total call value of 475,602,000,000 versus a total put value of 1,126,000,000 Combined total value = 476,728,000,000
Strike 3180 has a total call value of 497,978,000,000 versus a total put value of 858,800,000 Combined total value = 498,836,800,000
Strike 3200 has a total call value of 520,371,600,000 versus a total put value of 591,600,000 Combined total value = 520,963,200,000
Strike 3220 has a total call value of 543,228,800,000 versus a total put value of 506,400,000 Combined total value = 543,735,200,000
Strike 3240 has a total call value of 566,137,600,000 versus a total put value of 421,200,000 Combined total value = 566,558,800,000
Strike 3260 has a total call value of 589,092,800,000 versus a total put value of 336,000,000 Combined total value = 589,428,800,000
Strike 3280 has a total call value of 612,078,000,000 versus a total put value of 250,800,000 Combined total value = 612,328,800,000
Strike 3300 has a total call value of 635,072,400,000 versus a total put value of 165,600,000 Combined total value = 635,238,000,000
Strike 3320 has a total call value of 658,332,800,000 versus a total put value of 156,800,000 Combined total value = 658,489,600,000
Strike 3340 has a total call value of 681,593,200,000 versus a total put value of 148,000,000 Combined total value = 681,741,200,000
Strike 3360 has a total call value of 704,899,600,000 versus a total put value of 139,200,000 Combined total value = 705,038,800,000
Strike 3380 has a total call value of 728,206,000,000 versus a total put value of 130,400,000 Combined total value = 728,336,400,000
Strike 3400 has a total call value of 751,512,400,000 versus a total put value of 121,600,000 Combined total value = 751,634,000,000
Strike 3420 has a total call value of 774,991,200,000 versus a total put value of 112,800,000 Combined total value = 775,104,000,000
Strike 3440 has a total call value of 798,470,000,000 versus a total put value of 104,000,000 Combined total value = 798,574,000,000
Strike 3460 has a total call value of 821,948,800,000 versus a total put value of 95,200,000 Combined total value = 822,044,000,000
Strike 3480 has a total call value of 845,428,800,000 versus a total put value of 86,400,000 Combined total value = 845,515,200,000
Strike 3500 has a total call value of 868,908,800,000 versus a total put value of 77,600,000 Combined total value = 868,986,400,000
Strike 3520 has a total call value of 892,458,000,000 versus a total put value of 68,800,000 Combined total value = 892,526,800,000
Strike 3540 has a total call value of 916,007,200,000 versus a total put value of 60,000,000 Combined total value = 916,067,200,000
Strike 3560 has a total call value of 939,556,400,000 versus a total put value of 51,200,000 Combined total value = 939,607,600,000
Strike 3580 has a total call value of 963,105,600,000 versus a total put value of 42,400,000 Combined total value = 963,148,000,000
Strike 3600 has a total call value of 986,654,800,000 versus a total put value of 33,600,000 Combined total value = 986,688,400,000
Strike 3620 has a total call value of 1,010,204,000,000 versus a total put value of 25,200,000 Combined total value = 1,010,229,200,000
Strike 3640 has a total call value of 1,033,753,200,000 versus a total put value of 16,800,000 Combined total value = 1,033,770,000,000
Strike 3660 has a total call value of 1,057,302,400,000 versus a total put value of 8,400,000 Combined total value = 1,057,310,800,000
Strike 3680 has a total call value of 1,080,851,600,000 versus a total put value of 0 Combined total value = 1,080,851,600,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.25 | 460 |
| ABB | 6964.25 | 7200 |
| ABBOTINDIA | 28597.85 | 29000 |
| ABCAPITAL | 194.77 | 205 |
| ABFRL | 293.85 | 300 |
| ACC | 2263.9 | 2400 |
| ADANIENT | 2870 | 3000 |
| ADANIPORTS | 1326 | 1360 |
| ALKEM | 5503.4 | 5700 |
| AMBUJACEM | 556.6 | 580 |
| APOLLOHOSP | 7019.55 | 7200 |
| APOLLOTYRE | 471.35 | 480 |
| ASHOKLEY | 221.12 | 220 |
| ASIANPAINT | 2474.85 | 2600 |
| ASTRAL | 1742.65 | 1800 |
| ATUL | 7423.25 | 7700 |
| AUBANK | 579.25 | 590 |
| AUROPHARMA | 1267.4 | 1320 |
| AXISBANK | 1158.15 | 1170 |
| BAJAJ-AUTO | 9678.7 | 9900 |
| BAJAJFINSV | 1691.75 | 1740 |
| BAJFINANCE | 6638.2 | 6900 |
| BALKRISIND | 2742.25 | 2800 |
| BANDHANBNK | 172.59 | 180 |
| BANKBARODA | 252.7 | 255 |
| BATAINDIA | 1334.9 | 1340 |
| BEL | 290.15 | 295 |
| BERGEPAINT | 496.15 | 510 |
| BHARATFORG | 1360.6 | 1420 |
| BHARTIARTL | 1555.65 | 1600 |
| BHEL | 230.22 | 240 |
| BIOCON | 347.5 | 340 |
| BOSCHLTD | 33278.5 | 34000 |
| BPCL | 309.8 | 315 |
| BRITANNIA | 5027.55 | 5200 |
| BSOFT | 564.55 | 570 |
| CANBK | 101.5 | 105 |
| CANFINHOME | 828.85 | 850 |
| CHAMBLFERT | 483.95 | 500 |
| CHOLAFIN | 1239.75 | 1280 |
| CIPLA | 1525.15 | 1560 |
| COALINDIA | 414.05 | 434.25 |
| COFORGE | 8099.25 | 8000 |
| COLPAL | 2789.3 | 2900 |
| CONCOR | 809.75 | 840 |
| COROMANDEL | 1730.5 | 1700 |
| CROMPTON | 390.4 | 400 |
| CUB | 174.14 | 175 |
| CUMMINSIND | 3480.35 | 3550 |
| DABUR | 510.5 | 540 |
| DALBHARAT | 1786.7 | 1800 |
| DEEPAKNTR | 2572.9 | 2700 |
| DIVISLAB | 5810.7 | 5900 |
| DIXON | 15008.15 | 14750 |
| DLF | 764.85 | 800 |
| DRREDDY | 1263.9 | 1290 |
| EICHERMOT | 4738.2 | 4800 |
| ESCORTS | 3559.45 | 3650 |
| EXIDEIND | 431.8 | 450 |
| FEDERALBNK | 207.27 | 205 |
| GAIL | 194.15 | 205 |
| GLENMARK | 1577.05 | 1640 |
| GMRINFRA | 78.22 | 83 |
| GNFC | 589.2 | 630 |
| GODREJCP | 1176.2 | 1240 |
| GODREJPROP | 2645.1 | 2800 |
| GRANULES | 562.15 | 570 |
| GRASIM | 2521.2 | 2560 |
| GUJGASLTD | 503.05 | 520 |
| HAL | 4243.5 | 4400 |
| HAVELLS | 1603.4 | 1660 |
| HCLTECH | 1872.85 | 1820 |
| HDFCAMC | 4397.5 | 4450 |
| HDFCBANK | 1718.2 | 1740 |
| HDFCLIFE | 700 | 710 |
| HEROMOTOCO | 4724.2 | 4900 |
| HINDALCO | 651.65 | 660 |
| HINDCOPPER | 269.45 | 290 |
| HINDPETRO | 375.55 | 385 |
| HINDUNILVR | 2461.5 | 2520 |
| ICICIBANK | 1270.6 | 1270 |
| ICICIGI | 1892.25 | 1900 |
| ICICIPRULI | 702.1 | 720 |
| IDEA | 7.67 | 8 |
| IDFCFIRSTB | 66.24 | 67 |
| IEX | 166.23 | 175 |
| IGL | 427.3 | 430 |
| INDHOTEL | 730.4 | 720 |
| INDIAMART | 2308.15 | 2400 |
| INDIGO | 3912.9 | 4000 |
| INDUSINDBK | 1059.55 | 1080 |
| INDUSTOWER | 321 | 350 |
| INFY | 1868.8 | 1820 |
| IOC | 138.79 | 145 |
| IPCALAB | 1559.5 | 1560 |
| IRCTC | 811.65 | 840 |
| ITC | 472.85 | 480 |
| JINDALSTEL | 887 | 930 |
| JKCEMENT | 4062.55 | 4150 |
| JSWSTEEL | 957.25 | 990 |
| JUBLFOOD | 636.85 | 630 |
| KOTAKBANK | 1721.4 | 1760 |
| LALPATHLAB | 3029.9 | 3100 |
| LAURUSLABS | 489.55 | 490 |
| LICHSGFIN | 616.95 | 640 |
| LT | 3591.35 | 3600 |
| LTF | 138.57 | 145 |
| LTIM | 6005.05 | 5900 |
| LTTS | 5278.85 | 5200 |
| LUPIN | 2090.1 | 2120 |
| M&M | 2898.55 | 2900 |
| M&MFIN | 265.4 | 275 |
| MANAPPURAM | 157.99 | 155 |
| MARICO | 595.55 | 620 |
| MARUTI | 11143.1 | 11300 |
| MCX | 6104.35 | 6300 |
| METROPOLIS | 2174.3 | 2140 |
| MFSL | 1223.3 | 1220 |
| MGL | 1370.2 | 1420 |
| MOTHERSON | 166.04 | 180 |
| MPHASIS | 2853.45 | 2900 |
| MRF | 120924.15 | 122000 |
| MUTHOOTFIN | 1792.7 | 1860 |
| NATIONALUM | 225.91 | 227.5 |
| NAUKRI | 7821.3 | 7900 |
| NAVINFLUOR | 3322.05 | 3500 |
| NESTLEIND | 2256.2 | 2300 |
| NMDC | 224.76 | 230 |
| NTPC | 380.3 | 400 |
| OBEROIRLTY | 1989.65 | 2000 |
| OFSS | 11855.75 | 11500 |
| ONGC | 256.15 | 265 |
| PAGEIND | 47107.2 | 47000 |
| PEL | 1023.15 | 1060 |
| PERSISTENT | 5680.15 | 5500 |
| PETRONET | 322.7 | 333 |
| PFC | 467.15 | 470 |
| PIDILITIND | 3040.3 | 3140 |
| PIIND | 4548.9 | 4600 |
| PNB | 103.73 | 105 |
| POLYCAB | 6502.75 | 6700 |
| POWERGRID | 322.7 | 320 |
| PVRINOX | 1478.6 | 1500 |
| RAMCOCEM | 910 | 890 |
| RBLBANK | 159.68 | 167.5 |
| RECLTD | 514.5 | 530 |
| RELIANCE | 1274.25 | 1320 |
| SAIL | 114.17 | 120 |
| SBICARD | 679.25 | 695 |
| SBILIFE | 1562.45 | 1600 |
| SBIN | 826.7 | 840 |
| SHREECEM | 24372.8 | 24500 |
| SHRIRAMFIN | 2931.2 | 3100 |
| SIEMENS | 6799.45 | 7000 |
| SRF | 2253.05 | 2300 |
| SUNPHARMA | 1800.85 | 1820 |
| SUNTV | 730.6 | 740 |
| SYNGENE | 889.3 | 890 |
| TATACHEM | 1072.35 | 1120 |
| TATACOMM | 1759.65 | 1800 |
| TATACONSUM | 967.55 | 990 |
| TATAMOTORS | 784.85 | 820 |
| TATAPOWER | 414.15 | 435 |
| TATASTEEL | 144.17 | 150 |
| TCS | 4197.4 | 4150 |
| TECHM | 1687 | 1680 |
| TITAN | 3198.45 | 3200 |
| TORNTPHARM | 3151.05 | 3200 |
| TRENT | 6528.55 | 6700 |
| TVSMOTOR | 2440.3 | 2500 |
| UBL | 1882.45 | 1920 |
| ULTRACEMCO | 10892 | 11000 |
| UNITDSPR | 1446.8 | 1460 |
| UPL | 527.75 | 540 |
| VEDL | 444.75 | 460 |
| VOLTAS | 1699.6 | 1720 |
| WIPRO | 570.65 | 560 |
| ZYDUSLIFE | 949.75 | 1000 |
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.
