ASIANPAINT
Asian Paints Limited
Max pain for ASIANPAINT
20 Dec 2024 04:11 PM IST
Max Pain for ASIANPAINT is 2400
Strike 1920 has a total call value of 0 versus a total put value of 193,419,200,000 Combined total value = 193,419,200,000
Strike 1940 has a total call value of 0 versus a total put value of 185,271,200,000 Combined total value = 185,271,200,000
Strike 1960 has a total call value of 0 versus a total put value of 177,123,200,000 Combined total value = 177,123,200,000
Strike 1980 has a total call value of 0 versus a total put value of 168,975,200,000 Combined total value = 168,975,200,000
Strike 2000 has a total call value of 0 versus a total put value of 160,827,200,000 Combined total value = 160,827,200,000
Strike 2020 has a total call value of 0 versus a total put value of 152,797,600,000 Combined total value = 152,797,600,000
Strike 2040 has a total call value of 0 versus a total put value of 144,768,000,000 Combined total value = 144,768,000,000
Strike 2060 has a total call value of 0 versus a total put value of 136,738,400,000 Combined total value = 136,738,400,000
Strike 2080 has a total call value of 0 versus a total put value of 128,708,800,000 Combined total value = 128,708,800,000
Strike 2100 has a total call value of 0 versus a total put value of 120,702,400,000 Combined total value = 120,702,400,000
Strike 2120 has a total call value of 0 versus a total put value of 112,732,000,000 Combined total value = 112,732,000,000
Strike 2140 has a total call value of 0 versus a total put value of 104,875,200,000 Combined total value = 104,875,200,000
Strike 2160 has a total call value of 0 versus a total put value of 97,036,800,000 Combined total value = 97,036,800,000
Strike 2180 has a total call value of 30,000,000 versus a total put value of 89,276,400,000 Combined total value = 89,306,400,000
Strike 2200 has a total call value of 83,200,000 versus a total put value of 81,591,600,000 Combined total value = 81,674,800,000
Strike 2220 has a total call value of 177,600,000 versus a total put value of 74,575,200,000 Combined total value = 74,752,800,000
Strike 2240 has a total call value of 278,400,000 versus a total put value of 67,729,200,000 Combined total value = 68,007,600,000
Strike 2260 has a total call value of 418,400,000 versus a total put value of 61,213,600,000 Combined total value = 61,632,000,000
Strike 2280 has a total call value of 712,000,000 versus a total put value of 55,105,600,000 Combined total value = 55,817,600,000
Strike 2300 has a total call value of 1,385,600,000 versus a total put value of 49,345,200,000 Combined total value = 50,730,800,000
Strike 2320 has a total call value of 2,828,400,000 versus a total put value of 44,153,600,000 Combined total value = 46,982,000,000
Strike 2340 has a total call value of 4,824,000,000 versus a total put value of 39,230,800,000 Combined total value = 44,054,800,000
Strike 2360 has a total call value of 7,305,200,000 versus a total put value of 34,784,800,000 Combined total value = 42,090,000,000
Strike 2380 has a total call value of 10,353,200,000 versus a total put value of 30,620,400,000 Combined total value = 40,973,600,000
Strike 2400 has a total call value of 14,123,600,000 versus a total put value of 26,662,400,000 Combined total value = 40,786,000,000
Strike 2420 has a total call value of 20,086,400,000 versus a total put value of 23,630,000,000 Combined total value = 43,716,400,000
Strike 2440 has a total call value of 26,869,200,000 versus a total put value of 20,797,600,000 Combined total value = 47,666,800,000
Strike 2460 has a total call value of 34,535,200,000 versus a total put value of 18,142,800,000 Combined total value = 52,678,000,000
Strike 2480 has a total call value of 43,088,800,000 versus a total put value of 15,713,200,000 Combined total value = 58,802,000,000
Strike 2500 has a total call value of 52,449,200,000 versus a total put value of 13,585,200,000 Combined total value = 66,034,400,000
Strike 2520 has a total call value of 66,564,400,000 versus a total put value of 12,114,800,000 Combined total value = 78,679,200,000
Strike 2540 has a total call value of 81,672,000,000 versus a total put value of 10,839,200,000 Combined total value = 92,511,200,000
Strike 2560 has a total call value of 97,354,800,000 versus a total put value of 9,667,600,000 Combined total value = 107,022,400,000
Strike 2580 has a total call value of 113,600,000,000 versus a total put value of 8,548,400,000 Combined total value = 122,148,400,000
Strike 2600 has a total call value of 130,087,600,000 versus a total put value of 7,429,200,000 Combined total value = 137,516,800,000
Strike 2620 has a total call value of 148,170,800,000 versus a total put value of 6,750,800,000 Combined total value = 154,921,600,000
Strike 2640 has a total call value of 166,650,800,000 versus a total put value of 6,101,200,000 Combined total value = 172,752,000,000
Strike 2660 has a total call value of 185,266,800,000 versus a total put value of 5,451,600,000 Combined total value = 190,718,400,000
Strike 2680 has a total call value of 203,936,400,000 versus a total put value of 4,802,000,000 Combined total value = 208,738,400,000
Strike 2700 has a total call value of 222,676,000,000 versus a total put value of 4,172,400,000 Combined total value = 226,848,400,000
Strike 2720 has a total call value of 242,035,200,000 versus a total put value of 3,738,000,000 Combined total value = 245,773,200,000
Strike 2740 has a total call value of 261,548,800,000 versus a total put value of 3,313,600,000 Combined total value = 264,862,400,000
Strike 2760 has a total call value of 281,084,800,000 versus a total put value of 2,889,200,000 Combined total value = 283,974,000,000
Strike 2780 has a total call value of 300,652,000,000 versus a total put value of 2,466,400,000 Combined total value = 303,118,400,000
Strike 2800 has a total call value of 320,219,200,000 versus a total put value of 2,043,600,000 Combined total value = 322,262,800,000
Strike 2820 has a total call value of 340,276,400,000 versus a total put value of 1,777,600,000 Combined total value = 342,054,000,000
Strike 2840 has a total call value of 360,333,600,000 versus a total put value of 1,511,600,000 Combined total value = 361,845,200,000
Strike 2860 has a total call value of 380,390,800,000 versus a total put value of 1,245,600,000 Combined total value = 381,636,400,000
Strike 2880 has a total call value of 400,456,400,000 versus a total put value of 979,600,000 Combined total value = 401,436,000,000
Strike 2900 has a total call value of 420,522,000,000 versus a total put value of 713,600,000 Combined total value = 421,235,600,000
Strike 2920 has a total call value of 440,690,400,000 versus a total put value of 599,200,000 Combined total value = 441,289,600,000
Strike 2940 has a total call value of 460,858,800,000 versus a total put value of 484,800,000 Combined total value = 461,343,600,000
Strike 2960 has a total call value of 481,027,200,000 versus a total put value of 370,400,000 Combined total value = 481,397,600,000
Strike 2980 has a total call value of 501,195,600,000 versus a total put value of 256,000,000 Combined total value = 501,451,600,000
Strike 3000 has a total call value of 521,364,000,000 versus a total put value of 141,600,000 Combined total value = 521,505,600,000
Strike 3020 has a total call value of 542,245,600,000 versus a total put value of 113,200,000 Combined total value = 542,358,800,000
Strike 3040 has a total call value of 563,127,200,000 versus a total put value of 84,800,000 Combined total value = 563,212,000,000
Strike 3060 has a total call value of 584,008,800,000 versus a total put value of 56,400,000 Combined total value = 584,065,200,000
Strike 3080 has a total call value of 604,890,400,000 versus a total put value of 28,800,000 Combined total value = 604,919,200,000
Strike 3100 has a total call value of 625,772,000,000 versus a total put value of 1,200,000 Combined total value = 625,773,200,000
Strike 3120 has a total call value of 646,670,800,000 versus a total put value of 800,000 Combined total value = 646,671,600,000
Strike 3140 has a total call value of 667,569,600,000 versus a total put value of 400,000 Combined total value = 667,570,000,000
Strike 3160 has a total call value of 688,468,400,000 versus a total put value of 0 Combined total value = 688,468,400,000
Strike 3180 has a total call value of 709,367,200,000 versus a total put value of 0 Combined total value = 709,367,200,000
Strike 3200 has a total call value of 730,266,000,000 versus a total put value of 0 Combined total value = 730,266,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
