ATUL
Atul Ltd
Max pain for ATUL
21 Nov 2024 02:22 PM IST
Max Pain for ATUL is 7500
Strike 6500 has a total call value of 0 versus a total put value of 4,334,000,000 Combined total value = 4,334,000,000
Strike 6600 has a total call value of 0 versus a total put value of 3,829,000,000 Combined total value = 3,829,000,000
Strike 6700 has a total call value of 0 versus a total put value of 3,324,000,000 Combined total value = 3,324,000,000
Strike 6800 has a total call value of 0 versus a total put value of 2,819,000,000 Combined total value = 2,819,000,000
Strike 6900 has a total call value of 0 versus a total put value of 2,314,000,000 Combined total value = 2,314,000,000
Strike 7000 has a total call value of 0 versus a total put value of 1,809,000,000 Combined total value = 1,809,000,000
Strike 7100 has a total call value of 17,000,000 versus a total put value of 1,446,000,000 Combined total value = 1,463,000,000
Strike 7200 has a total call value of 34,000,000 versus a total put value of 1,100,000,000 Combined total value = 1,134,000,000
Strike 7300 has a total call value of 72,000,000 versus a total put value of 828,000,000 Combined total value = 900,000,000
Strike 7400 has a total call value of 193,000,000 versus a total put value of 589,000,000 Combined total value = 782,000,000
Strike 7500 has a total call value of 364,000,000 versus a total put value of 402,000,000 Combined total value = 766,000,000
Strike 7600 has a total call value of 648,000,000 versus a total put value of 304,000,000 Combined total value = 952,000,000
Strike 7700 has a total call value of 1,057,000,000 versus a total put value of 228,000,000 Combined total value = 1,285,000,000
Strike 7800 has a total call value of 1,508,000,000 versus a total put value of 152,000,000 Combined total value = 1,660,000,000
Strike 7900 has a total call value of 2,113,000,000 versus a total put value of 76,000,000 Combined total value = 2,189,000,000
Strike 8000 has a total call value of 2,759,000,000 versus a total put value of 0 Combined total value = 2,759,000,000
Strike 8100 has a total call value of 3,882,000,000 versus a total put value of 0 Combined total value = 3,882,000,000
Strike 8200 has a total call value of 5,046,000,000 versus a total put value of 0 Combined total value = 5,046,000,000
Strike 8300 has a total call value of 6,246,000,000 versus a total put value of 0 Combined total value = 6,246,000,000
Strike 8400 has a total call value of 7,446,000,000 versus a total put value of 0 Combined total value = 7,446,000,000
Strike 8500 has a total call value of 8,646,000,000 versus a total put value of 0 Combined total value = 8,646,000,000
Strike 8600 has a total call value of 10,159,000,000 versus a total put value of 0 Combined total value = 10,159,000,000
Strike 8700 has a total call value of 11,672,000,000 versus a total put value of 0 Combined total value = 11,672,000,000
Strike 8800 has a total call value of 13,199,000,000 versus a total put value of 0 Combined total value = 13,199,000,000
Strike 8900 has a total call value of 14,726,000,000 versus a total put value of 0 Combined total value = 14,726,000,000
Strike 9000 has a total call value of 16,253,000,000 versus a total put value of 0 Combined total value = 16,253,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.55 | 470 |
| ABB | 6754 | 7000 |
| ABBOTINDIA | 27000.4 | 28000 |
| ABCAPITAL | 184.01 | 200 |
| ABFRL | 284.9 | 300 |
| ACC | 2039 | 2220 |
| ADANIENT | 2284.05 | 2620 |
| ADANIPORTS | 1134.3 | 1200 |
| ALKEM | 5584.85 | 5500 |
| AMBUJACEM | 495.65 | 540 |
| APOLLOHOSP | 6721.7 | 6900 |
| APOLLOTYRE | 482.7 | 480 |
| ASHOKLEY | 217.58 | 220 |
| ASIANPAINT | 2430.1 | 2540 |
| ASTRAL | 1713 | 1780 |
| ATUL | 7257.25 | 7500 |
| AUBANK | 594.2 | 590 |
| AUROPHARMA | 1219.05 | 1300 |
| AXISBANK | 1141.1 | 1150 |
| BAJAJ-AUTO | 9467.8 | 9700 |
| BAJAJFINSV | 1573.85 | 1620 |
| BAJFINANCE | 6482.05 | 6700 |
| BALKRISIND | 2736.75 | 2800 |
| BANDHANBNK | 166.62 | 180 |
| BANKBARODA | 229.45 | 240 |
| BATAINDIA | 1280 | 1310 |
| BEL | 274.4 | 285 |
| BERGEPAINT | 465.6 | 495 |
| BHARATFORG | 1294.85 | 1340 |
| BHARTIARTL | 1521.95 | 1540 |
| BHEL | 227.9 | 235 |
| BIOCON | 324.4 | 330 |
| BOSCHLTD | 34061.3 | 34000 |
| BPCL | 282.25 | 300 |
| BRITANNIA | 4760.05 | 5000 |
| BSOFT | 545.25 | 560 |
| CANBK | 94.88 | 100 |
| CANFINHOME | 822.85 | 830 |
| CHAMBLFERT | 456.85 | 480 |
| CHOLAFIN | 1209.55 | 1240 |
| CIPLA | 1460.4 | 1520 |
| COALINDIA | 404.95 | 425 |
| COFORGE | 8203.05 | 8000 |
| COLPAL | 2687 | 2800 |
| CONCOR | 768.65 | 810 |
| COROMANDEL | 1774.5 | 1720 |
| CROMPTON | 381.3 | 390 |
| CUB | 170.5 | 175 |
| CUMMINSIND | 3292.1 | 3400 |
| DABUR | 505.35 | 525 |
| DALBHARAT | 1778.1 | 1760 |
| DEEPAKNTR | 2624 | 2650 |
| DIVISLAB | 5950.5 | 5900 |
| DIXON | 14972.5 | 14750 |
| DLF | 777.45 | 780 |
| DRREDDY | 1193.1 | 1220 |
| EICHERMOT | 4888 | 4900 |
| ESCORTS | 3447.3 | 3600 |
| EXIDEIND | 415.5 | 440 |
| FEDERALBNK | 210.78 | 205 |
| GAIL | 188.14 | 197.5 |
| GLENMARK | 1462.7 | 1520 |
| GMRINFRA | 77.05 | 82 |
| GNFC | 556.6 | 570 |
| GODREJCP | 1180.65 | 1200 |
| GODREJPROP | 2712.25 | 2750 |
| GRANULES | 545.05 | 580 |
| GRASIM | 2547.85 | 2540 |
| GUJGASLTD | 453.55 | 480 |
| HAL | 3987 | 4200 |
| HAVELLS | 1632.9 | 1640 |
| HCLTECH | 1833.1 | 1820 |
| HDFCAMC | 4222.7 | 4300 |
| HDFCBANK | 1743 | 1740 |
| HDFCLIFE | 674.15 | 680 |
| HEROMOTOCO | 4753 | 4800 |
| HINDALCO | 645.45 | 650 |
| HINDCOPPER | 263.05 | 290 |
| HINDPETRO | 359.55 | 375 |
| HINDUNILVR | 2379.4 | 2480 |
| ICICIBANK | 1253.5 | 1260 |
| ICICIGI | 1814 | 1880 |
| ICICIPRULI | 680.2 | 690 |
| IDEA | 6.94 | 8 |
| IDFCFIRSTB | 63.23 | 66 |
| IEX | 161.31 | 170 |
| IGL | 311.65 | 330 |
| INDHOTEL | 788.15 | 760 |
| INDIAMART | 2248.65 | 2400 |
| INDIGO | 4060 | 4000 |
| INDUSINDBK | 975.4 | 1040 |
| INDUSTOWER | 329.6 | 340 |
| INFY | 1829.75 | 1800 |
| IOC | 130.97 | 140 |
| IPCALAB | 1567.65 | 1560 |
| IRCTC | 795.65 | 820 |
| ITC | 456.3 | 475 |
| JINDALSTEL | 872.65 | 900 |
| JKCEMENT | 4009 | 4000 |
| JSWSTEEL | 940.85 | 960 |
| JUBLFOOD | 610 | 620 |
| KOTAKBANK | 1736.15 | 1760 |
| LALPATHLAB | 3027.55 | 3100 |
| LAURUSLABS | 488.75 | 490 |
| LICHSGFIN | 612 | 630 |
| LT | 3491.5 | 3600 |
| LTF | 137.98 | 140 |
| LTIM | 5917.95 | 5900 |
| LTTS | 5184.75 | 5150 |
| LUPIN | 2040.3 | 2100 |
| M&M | 2930.9 | 2900 |
| M&MFIN | 257 | 265 |
| MANAPPURAM | 150.8 | 155 |
| MARICO | 590.35 | 600 |
| MARUTI | 10863.75 | 11000 |
| MCX | 6155.55 | 6200 |
| METROPOLIS | 2011.45 | 2060 |
| MFSL | 1172.7 | 1200 |
| MGL | 1117.05 | 1160 |
| MOTHERSON | 161.45 | 175 |
| MPHASIS | 2783.4 | 2850 |
| MRF | 123217.25 | 122500 |
| MUTHOOTFIN | 1907.4 | 1880 |
| NATIONALUM | 246.52 | 240 |
| NAUKRI | 7534.65 | 7700 |
| NAVINFLUOR | 3266.65 | 3400 |
| NESTLEIND | 2200.1 | 2280 |
| NMDC | 218.04 | 225 |
| NTPC | 355.65 | 370 |
| OBEROIRLTY | 1936.35 | 1960 |
| OFSS | 11143 | 11500 |
| ONGC | 242.2 | 250 |
| PAGEIND | 44384.7 | 45500 |
| PEL | 1051.05 | 1060 |
| PERSISTENT | 5727.2 | 5600 |
| PETRONET | 320.9 | 328 |
| PFC | 453.1 | 460 |
| PIDILITIND | 2944.5 | 3060 |
| PIIND | 4130.8 | 4200 |
| PNB | 96.8 | 102 |
| POLYCAB | 6402 | 6500 |
| POWERGRID | 323 | 320 |
| PVRINOX | 1444.15 | 1500 |
| RAMCOCEM | 915.35 | 900 |
| RBLBANK | 157.75 | 160 |
| RECLTD | 490.2 | 510 |
| RELIANCE | 1219.65 | 1290 |
| SAIL | 111.03 | 117.5 |
| SBICARD | 674 | 690 |
| SBILIFE | 1480.9 | 1520 |
| SBIN | 783.35 | 800 |
| SHREECEM | 24225.95 | 24500 |
| SHRIRAMFIN | 2809.4 | 2900 |
| SIEMENS | 6665.2 | 6800 |
| SRF | 2153 | 2260 |
| SUNPHARMA | 1767.6 | 1800 |
| SUNTV | 729.4 | 730 |
| SYNGENE | 845 | 870 |
| TATACHEM | 1056.95 | 1100 |
| TATACOMM | 1710.25 | 1780 |
| TATACONSUM | 910.8 | 950 |
| TATAMOTORS | 774.4 | 800 |
| TATAPOWER | 410.1 | 420 |
| TATASTEEL | 140.14 | 145 |
| TCS | 4064.45 | 4100 |
| TECHM | 1698.65 | 1680 |
| TITAN | 3174.75 | 3200 |
| TORNTPHARM | 3094.1 | 3150 |
| TRENT | 6411.9 | 6600 |
| TVSMOTOR | 2395.55 | 2450 |
| UBL | 1818.75 | 1880 |
| ULTRACEMCO | 10935 | 11000 |
| UNITDSPR | 1489.5 | 1480 |
| UPL | 562.1 | 540 |
| VEDL | 441.9 | 460 |
| VOLTAS | 1670.2 | 1700 |
| WIPRO | 556.65 | 560 |
| ZYDUSLIFE | 942.35 | 960 |
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.
