ASIANPAINT
Asian Paints Limited
Max pain for ASIANPAINT
27 Dec 2024 04:11 PM IST
Max Pain for ASIANPAINT is 2320
Strike 1880 has a total call value of 0 versus a total put value of 149,274,000,000 Combined total value = 149,274,000,000
Strike 1900 has a total call value of 0 versus a total put value of 142,230,000,000 Combined total value = 142,230,000,000
Strike 1920 has a total call value of 0 versus a total put value of 135,186,000,000 Combined total value = 135,186,000,000
Strike 1940 has a total call value of 0 versus a total put value of 128,142,000,000 Combined total value = 128,142,000,000
Strike 1960 has a total call value of 0 versus a total put value of 121,098,000,000 Combined total value = 121,098,000,000
Strike 1980 has a total call value of 0 versus a total put value of 114,188,000,000 Combined total value = 114,188,000,000
Strike 2000 has a total call value of 0 versus a total put value of 107,278,000,000 Combined total value = 107,278,000,000
Strike 2020 has a total call value of 17,200,000 versus a total put value of 100,786,400,000 Combined total value = 100,803,600,000
Strike 2040 has a total call value of 34,400,000 versus a total put value of 94,311,200,000 Combined total value = 94,345,600,000
Strike 2060 has a total call value of 51,600,000 versus a total put value of 87,954,800,000 Combined total value = 88,006,400,000
Strike 2080 has a total call value of 68,800,000 versus a total put value of 81,633,600,000 Combined total value = 81,702,400,000
Strike 2100 has a total call value of 86,000,000 versus a total put value of 75,366,800,000 Combined total value = 75,452,800,000
Strike 2120 has a total call value of 124,800,000 versus a total put value of 69,386,000,000 Combined total value = 69,510,800,000
Strike 2140 has a total call value of 163,600,000 versus a total put value of 63,462,800,000 Combined total value = 63,626,400,000
Strike 2160 has a total call value of 202,400,000 versus a total put value of 57,639,200,000 Combined total value = 57,841,600,000
Strike 2180 has a total call value of 253,200,000 versus a total put value of 51,958,400,000 Combined total value = 52,211,600,000
Strike 2200 has a total call value of 324,800,000 versus a total put value of 46,359,200,000 Combined total value = 46,684,000,000
Strike 2220 has a total call value of 529,600,000 versus a total put value of 41,718,000,000 Combined total value = 42,247,600,000
Strike 2240 has a total call value of 776,400,000 versus a total put value of 37,174,800,000 Combined total value = 37,951,200,000
Strike 2260 has a total call value of 1,119,600,000 versus a total put value of 32,786,000,000 Combined total value = 33,905,600,000
Strike 2280 has a total call value of 1,662,800,000 versus a total put value of 28,683,200,000 Combined total value = 30,346,000,000
Strike 2300 has a total call value of 2,541,200,000 versus a total put value of 25,008,800,000 Combined total value = 27,550,000,000
Strike 2320 has a total call value of 4,816,800,000 versus a total put value of 22,448,000,000 Combined total value = 27,264,800,000
Strike 2340 has a total call value of 7,334,000,000 versus a total put value of 20,192,000,000 Combined total value = 27,526,000,000
Strike 2360 has a total call value of 10,068,800,000 versus a total put value of 18,041,200,000 Combined total value = 28,110,000,000
Strike 2380 has a total call value of 13,006,800,000 versus a total put value of 16,040,800,000 Combined total value = 29,047,600,000
Strike 2400 has a total call value of 16,166,800,000 versus a total put value of 14,133,600,000 Combined total value = 30,300,400,000
Strike 2420 has a total call value of 20,654,400,000 versus a total put value of 12,801,600,000 Combined total value = 33,456,000,000
Strike 2440 has a total call value of 25,263,200,000 versus a total put value of 11,493,200,000 Combined total value = 36,756,400,000
Strike 2460 has a total call value of 30,083,600,000 versus a total put value of 10,212,400,000 Combined total value = 40,296,000,000
Strike 2480 has a total call value of 35,084,800,000 versus a total put value of 9,028,800,000 Combined total value = 44,113,600,000
Strike 2500 has a total call value of 40,170,000,000 versus a total put value of 7,852,400,000 Combined total value = 48,022,400,000
Strike 2520 has a total call value of 46,641,200,000 versus a total put value of 7,063,200,000 Combined total value = 53,704,400,000
Strike 2540 has a total call value of 53,208,400,000 versus a total put value of 6,304,400,000 Combined total value = 59,512,800,000
Strike 2560 has a total call value of 59,855,200,000 versus a total put value of 5,545,600,000 Combined total value = 65,400,800,000
Strike 2580 has a total call value of 66,547,200,000 versus a total put value of 4,786,800,000 Combined total value = 71,334,000,000
Strike 2600 has a total call value of 73,245,600,000 versus a total put value of 4,028,000,000 Combined total value = 77,273,600,000
Strike 2620 has a total call value of 80,643,200,000 versus a total put value of 3,697,200,000 Combined total value = 84,340,400,000
Strike 2640 has a total call value of 88,132,400,000 versus a total put value of 3,366,400,000 Combined total value = 91,498,800,000
Strike 2660 has a total call value of 95,671,200,000 versus a total put value of 3,035,600,000 Combined total value = 98,706,800,000
Strike 2680 has a total call value of 103,210,000,000 versus a total put value of 2,704,800,000 Combined total value = 105,914,800,000
Strike 2700 has a total call value of 110,748,800,000 versus a total put value of 2,374,000,000 Combined total value = 113,122,800,000
Strike 2720 has a total call value of 118,534,800,000 versus a total put value of 2,099,200,000 Combined total value = 120,634,000,000
Strike 2740 has a total call value of 126,320,800,000 versus a total put value of 1,824,400,000 Combined total value = 128,145,200,000
Strike 2760 has a total call value of 134,106,800,000 versus a total put value of 1,549,600,000 Combined total value = 135,656,400,000
Strike 2780 has a total call value of 141,892,800,000 versus a total put value of 1,274,800,000 Combined total value = 143,167,600,000
Strike 2800 has a total call value of 149,678,800,000 versus a total put value of 1,000,000,000 Combined total value = 150,678,800,000
Strike 2820 has a total call value of 157,625,600,000 versus a total put value of 900,000,000 Combined total value = 158,525,600,000
Strike 2840 has a total call value of 165,572,400,000 versus a total put value of 800,000,000 Combined total value = 166,372,400,000
Strike 2860 has a total call value of 173,519,200,000 versus a total put value of 700,000,000 Combined total value = 174,219,200,000
Strike 2880 has a total call value of 181,466,000,000 versus a total put value of 600,000,000 Combined total value = 182,066,000,000
Strike 2900 has a total call value of 189,412,800,000 versus a total put value of 500,000,000 Combined total value = 189,912,800,000
Strike 2920 has a total call value of 197,359,600,000 versus a total put value of 400,000,000 Combined total value = 197,759,600,000
Strike 2940 has a total call value of 205,336,800,000 versus a total put value of 300,000,000 Combined total value = 205,636,800,000
Strike 2960 has a total call value of 213,314,000,000 versus a total put value of 200,000,000 Combined total value = 213,514,000,000
Strike 2980 has a total call value of 221,291,200,000 versus a total put value of 100,000,000 Combined total value = 221,391,200,000
Strike 3000 has a total call value of 229,268,400,000 versus a total put value of 0 Combined total value = 229,268,400,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 411.25 | 430 |
| ABB | 6846.9 | 7000 |
| ABBOTINDIA | 29263.5 | 29000 |
| ABCAPITAL | 183.24 | 190 |
| ABFRL | 282 | 290 |
| ACC | 2065.6 | 2300 |
| ADANIENSOL | 805.95 | 800 |
| ADANIENT | 2409.95 | 2800 |
| ADANIGREEN | 1054 | 1080 |
| ADANIPORTS | 1230.7 | 1240 |
| ALKEM | 5482.7 | 5500 |
| AMBUJACEM | 547.95 | 570 |
| ANGELONE | 2884.75 | 2900 |
| APLAPOLLO | 1514.95 | 1500 |
| APOLLOHOSP | 7246.3 | 7300 |
| APOLLOTYRE | 540.7 | 540 |
| ASHOKLEY | 220.51 | 225 |
| ASIANPAINT | 2271.4 | 2320 |
| ASTRAL | 1654.1 | 1700 |
| ATGL | 679.3 | 690 |
| ATUL | 7065.1 | 7100 |
| AUBANK | 552.2 | 550 |
| AUROPHARMA | 1269.95 | 1280 |
| AXISBANK | 1077.45 | 1100 |
| BAJAJ-AUTO | 8928.3 | 9000 |
| BAJAJFINSV | 1579.3 | 1600 |
| BAJFINANCE | 6907.75 | 7000 |
| BALKRISIND | 2863.5 | 2850 |
| BANDHANBNK | 160.79 | 167.5 |
| BANKBARODA | 244.99 | 255 |
| BANKINDIA | 102.8 | 105 |
| BATAINDIA | 1381.3 | 1380 |
| BEL | 292.05 | 300 |
| BERGEPAINT | 442.3 | 450 |
| BHARATFORG | 1314.85 | 1340 |
| BHARTIARTL | 1599.85 | 1620 |
| BHEL | 235.4 | 250 |
| BIOCON | 352.55 | 350 |
| BOSCHLTD | 34089.65 | 35000 |
| BPCL | 293.55 | 300 |
| BRITANNIA | 4769.3 | 4800 |
| BSE | 5278.5 | 5400 |
| BSOFT | 576.05 | 580 |
| CAMS | 5041.75 | 5000 |
| CANBK | 100.36 | 104 |
| CANFINHOME | 750.55 | 760 |
| CDSL | 1777.55 | 1800 |
| CESC | 184.59 | 185 |
| CGPOWER | 748.25 | 740 |
| CHAMBLFERT | 499.6 | 500 |
| CHOLAFIN | 1193.85 | 1200 |
| CIPLA | 1506.6 | 1500 |
| COALINDIA | 380.5 | 400 |
| COFORGE | 9451.1 | 9400 |
| COLPAL | 2726.45 | 2800 |
| CONCOR | 784.15 | 800 |
| COROMANDEL | 1846.15 | 1860 |
| CROMPTON | 396.35 | 400 |
| CUB | 172.65 | 175 |
| CUMMINSIND | 3297.65 | 3350 |
| CYIENT | 1930.8 | 1900 |
| DABUR | 507.15 | 510 |
| DALBHARAT | 1740.4 | 1800 |
| DEEPAKNTR | 2579.75 | 2650 |
| DELHIVERY | 350.75 | 350 |
| DIVISLAB | 5881.05 | 5900 |
| DIXON | 17972.3 | 18000 |
| DLF | 834.85 | 840 |
| DMART | 3568.35 | 3550 |
| DRREDDY | 1389.45 | 1370 |
| EICHERMOT | 4876.9 | 4900 |
| ESCORTS | 3258.4 | 3250 |
| EXIDEIND | 418.4 | 430 |
| FEDERALBNK | 196.73 | 200 |
| GAIL | 192.5 | 200 |
| GLENMARK | 1585.95 | 1580 |
| GMRAIRPORT | 79.05 | 82 |
| GMRINFRA | 0 | 32 |
| GNFC | 571.55 | 600 |
| GODREJCP | 1067.8 | 1080 |
| GODREJPROP | 2830.7 | 2900 |
| GRANULES | 585.85 | 590 |
| GRASIM | 2480.3 | 2540 |
| GUJGASLTD | 502.8 | 510 |
| HAL | 4233.35 | 4300 |
| HAVELLS | 1649.9 | 1680 |
| HCLTECH | 1892 | 1900 |
| HDFCAMC | 4263.1 | 4300 |
| HDFCBANK | 1798.25 | 1800 |
| HDFCLIFE | 621.9 | 630 |
| HEROMOTOCO | 4237.95 | 4300 |
| HFCL | 112.99 | 115 |
| HINDALCO | 617.4 | 640 |
| HINDCOPPER | 256.5 | 270 |
| HINDPETRO | 410.7 | 415 |
| HINDUNILVR | 2341.25 | 2380 |
| HUDCO | 226.94 | 235 |
| ICICIBANK | 1307.55 | 1310 |
| ICICIGI | 1832.45 | 1900 |
| ICICIPRULI | 656.15 | 670 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 62.52 | 64 |
| IEX | 180.62 | 185 |
| IGL | 390.1 | 390 |
| INDHOTEL | 860.6 | 860 |
| INDIAMART | 2256.35 | 2300 |
| INDIANB | 547.2 | 550 |
| INDIGO | 4681.95 | 4650 |
| INDUSINDBK | 953.4 | 980 |
| INDUSTOWER | 329.55 | 350 |
| INFY | 1916.75 | 1940 |
| IOC | 136.25 | 140 |
| IPCALAB | 1632.65 | 1600 |
| IRB | 55.23 | 55 |
| IRCTC | 779.25 | 800 |
| IRFC | 146.22 | 147.5 |
| ITC | 478.6 | 480 |
| JINDALSTEL | 923.55 | 950 |
| JIOFIN | 304.95 | 310 |
| JKCEMENT | 4572.45 | 4500 |
| JSL | 736 | 740 |
| JSWENERGY | 625.8 | 650 |
| JSWSTEEL | 913.3 | 940 |
| JUBLFOOD | 708.1 | 710 |
| KALYANKJIL | 721.65 | 720 |
| KEI | 4343.45 | 4300 |
| KOTAKBANK | 1759.9 | 1800 |
| KPITTECH | 1460.6 | 1460 |
| LALPATHLAB | 2948.7 | 3000 |
| LAURUSLABS | 586.7 | 580 |
| LICHSGFIN | 596.6 | 600 |
| LICI | 887 | 910 |
| LODHA | 1408.35 | 1400 |
| LT | 3608.1 | 3700 |
| LTF | 137.97 | 140 |
| LTIM | 5678 | 5800 |
| LTTS | 4692.3 | 4750 |
| LUPIN | 2227.8 | 2200 |
| M&M | 3049.45 | 3000 |
| M&MFIN | 267 | 270 |
| MANAPPURAM | 183.62 | 180 |
| MARICO | 632.6 | 640 |
| MARUTI | 10941.05 | 11000 |
| MAXHEALTH | 1126.4 | 1140 |
| MCX | 6341.2 | 6400 |
| METROPOLIS | 2058.15 | 2080 |
| MFSL | 1106.1 | 1100 |
| MGL | 1238.3 | 1260 |
| MOTHERSON | 157.02 | 160 |
| MPHASIS | 2883.95 | 2950 |
| MRF | 131553.8 | 130000 |
| MUTHOOTFIN | 2069.6 | 2100 |
| NATIONALUM | 213.59 | 220 |
| NAUKRI | 8637.45 | 8700 |
| NAVINFLUOR | 3312.65 | 3400 |
| NCC | 279.15 | 295 |
| NESTLEIND | 2165.6 | 2200 |
| NHPC | 80.33 | 85 |
| NMDC | 69.32 | 75 |
| NTPC | 335 | 345 |
| NYKAA | 159.66 | 160 |
| OBEROIRLTY | 2315.8 | 2300 |
| OFSS | 12646.6 | 12500 |
| OIL | 425.15 | 440 |
| ONGC | 236.9 | 245 |
| PAGEIND | 46933.55 | 47000 |
| PAYTM | 1014.25 | 1000 |
| PEL | 1107 | 1120 |
| PERSISTENT | 6393.6 | 6300 |
| PETRONET | 340.65 | 340 |
| PFC | 452.05 | 470 |
| PIDILITIND | 2914.4 | 3000 |
| PIIND | 3744.25 | 3750 |
| PNB | 101.44 | 105 |
| POLICYBZR | 2052.75 | 2050 |
| POLYCAB | 7149.25 | 7200 |
| POONAWALLA | 320.65 | 320 |
| POWERGRID | 309.4 | 315 |
| PRESTIGE | 1752.5 | 1750 |
| PVRINOX | 1338.65 | 1360 |
| RAMCOCEM | 965.75 | 980 |
| RBLBANK | 159.86 | 160 |
| RECLTD | 507.45 | 520 |
| RELIANCE | 1221.05 | 1260 |
| SAIL | 115.53 | 122.5 |
| SBICARD | 675.3 | 700 |
| SBILIFE | 1405.3 | 1420 |
| SBIN | 799.65 | 820 |
| SHREECEM | 26049 | 26000 |
| SHRIRAMFIN | 2898.9 | 3000 |
| SIEMENS | 6546 | 6700 |
| SJVN | 107.46 | 110 |
| SONACOMS | 600.35 | 600 |
| SRF | 2264.45 | 2300 |
| SUNPHARMA | 1861.25 | 1840 |
| SUNTV | 686.45 | 700 |
| SUPREMEIND | 4777.35 | 4700 |
| SYNGENE | 850.35 | 850 |
| TATACHEM | 1046.35 | 1080 |
| TATACOMM | 1713.6 | 1760 |
| TATACONSUM | 907.95 | 910 |
| TATAELXSI | 6886.35 | 7000 |
| TATAMOTORS | 750.5 | 760 |
| TATAPOWER | 399 | 415 |
| TATASTEEL | 138.91 | 145 |
| TCS | 4164.85 | 4250 |
| TECHM | 1711.65 | 1720 |
| TIINDIA | 3589.5 | 3600 |
| TITAN | 3309.2 | 3400 |
| TORNTPHARM | 3405.1 | 3400 |
| TRENT | 7118.3 | 7100 |
| TVSMOTOR | 2420.45 | 2450 |
| UBL | 2030.15 | 2000 |
| ULTRACEMCO | 11406.55 | 11500 |
| UNIONBANK | 117.87 | 120 |
| UNITDSPR | 1579.4 | 1560 |
| UPL | 502.05 | 510 |
| VBL | 624.3 | 630 |
| VEDL | 451.1 | 480 |
| VOLTAS | 1705.3 | 1720 |
| WIPRO | 309.1 | 302.5 |
| YESBANK | 19.82 | 20 |
| ZOMATO | 271.25 | 255 |
| ZYDUSLIFE | 972.4 | 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.
