AUROPHARMA
Aurobindo Pharma Ltd
Max pain for AUROPHARMA
24 Apr 2025 12:40 PM IST
Max Pain for AUROPHARMA is 1160
Strike 860 has a total call value of 0 versus a total put value of 82,501,100,000 Combined total value = 82,501,100,000
Strike 880 has a total call value of 0 versus a total put value of 75,464,400,000 Combined total value = 75,464,400,000
Strike 900 has a total call value of 0 versus a total put value of 68,498,100,000 Combined total value = 68,498,100,000
Strike 920 has a total call value of 0 versus a total put value of 61,813,400,000 Combined total value = 61,813,400,000
Strike 940 has a total call value of 0 versus a total put value of 55,270,600,000 Combined total value = 55,270,600,000
Strike 960 has a total call value of 0 versus a total put value of 49,100,700,000 Combined total value = 49,100,700,000
Strike 980 has a total call value of 0 versus a total put value of 42,930,800,000 Combined total value = 42,930,800,000
Strike 1000 has a total call value of 0 versus a total put value of 37,085,400,000 Combined total value = 37,085,400,000
Strike 1020 has a total call value of 56,100,000 versus a total put value of 32,087,000,000 Combined total value = 32,143,100,000
Strike 1040 has a total call value of 166,100,000 versus a total put value of 27,326,200,000 Combined total value = 27,492,300,000
Strike 1060 has a total call value of 437,800,000 versus a total put value of 22,973,500,000 Combined total value = 23,411,300,000
Strike 1080 has a total call value of 860,200,000 versus a total put value of 18,620,800,000 Combined total value = 19,481,000,000
Strike 1100 has a total call value of 1,401,400,000 versus a total put value of 14,644,300,000 Combined total value = 16,045,700,000
Strike 1120 has a total call value of 2,449,700,000 versus a total put value of 11,358,600,000 Combined total value = 13,808,300,000
Strike 1140 has a total call value of 3,748,800,000 versus a total put value of 8,578,900,000 Combined total value = 12,327,700,000
Strike 1160 has a total call value of 5,399,900,000 versus a total put value of 6,151,200,000 Combined total value = 11,551,100,000
Strike 1180 has a total call value of 7,651,600,000 versus a total put value of 4,192,100,000 Combined total value = 11,843,700,000
Strike 1200 has a total call value of 10,175,000,000 versus a total put value of 2,552,000,000 Combined total value = 12,727,000,000
Strike 1220 has a total call value of 13,636,700,000 versus a total put value of 1,619,200,000 Combined total value = 15,255,900,000
Strike 1240 has a total call value of 17,732,000,000 versus a total put value of 1,050,500,000 Combined total value = 18,782,500,000
Strike 1260 has a total call value of 22,176,000,000 versus a total put value of 783,200,000 Combined total value = 22,959,200,000
Strike 1280 has a total call value of 26,997,300,000 versus a total put value of 628,100,000 Combined total value = 27,625,400,000
Strike 1300 has a total call value of 32,255,300,000 versus a total put value of 473,000,000 Combined total value = 32,728,300,000
Strike 1320 has a total call value of 38,097,400,000 versus a total put value of 378,400,000 Combined total value = 38,475,800,000
Strike 1340 has a total call value of 44,165,000,000 versus a total put value of 283,800,000 Combined total value = 44,448,800,000
Strike 1360 has a total call value of 50,274,400,000 versus a total put value of 189,200,000 Combined total value = 50,463,600,000
Strike 1380 has a total call value of 56,745,700,000 versus a total put value of 94,600,000 Combined total value = 56,840,300,000
Strike 1400 has a total call value of 63,217,000,000 versus a total put value of 0 Combined total value = 63,217,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445 | 400 |
| ABB | 5711 | 5500 |
| ABCAPITAL | 203.5 | 190 |
| ABFRL | 271.85 | 270 |
| ACC | 2090.4 | 2080 |
| ADANIENSOL | 946.5 | 880 |
| ADANIENT | 2435.1 | 2400 |
| ADANIGREEN | 953.25 | 940 |
| ADANIPORTS | 1240.2 | 1200 |
| ALKEM | 5194.8 | 5000 |
| AMBUJACEM | 573.6 | 575 |
| ANGELONE | 2504.6 | 2300 |
| APLAPOLLO | 1629.8 | 1560 |
| APOLLOHOSP | 7109 | 6700 |
| APOLLOTYRE | 464.8 | 445 |
| ASHOKLEY | 229.62 | 215 |
| ASIANPAINT | 2450.5 | 2380 |
| ASTRAL | 1383.8 | 1300 |
| ATGL | 625.1 | 600 |
| AUBANK | 680.95 | 600 |
| AUROPHARMA | 1275.4 | 1160 |
| AXISBANK | 1205.5 | 1110 |
| BAJAJ-AUTO | 8240.5 | 8000 |
| BAJAJFINSV | 2100 | 1980 |
| BAJFINANCE | 9299.5 | 9000 |
| BALKRISIND | 2569 | 2500 |
| BANDHANBNK | 171.46 | 160 |
| BANKBARODA | 253.41 | 237.5 |
| BANKINDIA | 118.53 | 115 |
| BEL | 304.5 | 295 |
| BERGEPAINT | 583.25 | 560 |
| BHARATFORG | 1107.1 | 1080 |
| BHARTIARTL | 1850 | 1780 |
| BHEL | 228.25 | 220 |
| BIOCON | 327.5 | 335 |
| BOSCHLTD | 28380 | 28000 |
| BPCL | 302.5 | 290 |
| BRITANNIA | 5448.7 | 5200 |
| BSE | 6500 | 5700 |
| BSOFT | 399 | 390 |
| CAMS | 4061.8 | 3800 |
| CANBK | 99.85 | 97 |
| CDSL | 1371 | 1240 |
| CESC | 157.85 | 155 |
| CGPOWER | 652.8 | 620 |
| CHAMBLFERT | 692.9 | 640 |
| CHOLAFIN | 1542.1 | 1540 |
| CIPLA | 1548.7 | 1500 |
| COALINDIA | 400.2 | 400 |
| COFORGE | 7410.5 | 7000 |
| COLPAL | 2705.1 | 2560 |
| CONCOR | 709.35 | 700 |
| CROMPTON | 339.05 | 350 |
| CUMMINSIND | 2910 | 2950 |
| CYIENT | 1252.1 | 1220 |
| DABUR | 491 | 480 |
| DALBHARAT | 1962.5 | 1880 |
| DEEPAKNTR | 2012.5 | 1950 |
| DELHIVERY | 300.75 | 270 |
| DIVISLAB | 6271.5 | 5850 |
| DIXON | 16584 | 15000 |
| DLF | 681.5 | 670 |
| DMART | 4477.6 | 4200 |
| DRREDDY | 1200 | 1160 |
| EICHERMOT | 5684.5 | 5500 |
| ESCORTS | 3380.1 | 3300 |
| ETERNAL | 239.76 | 220 |
| EXIDEIND | 382.2 | 375 |
| FEDERALBNK | 203.95 | 195 |
| GAIL | 193.67 | 185 |
| GLENMARK | 1432 | 1420 |
| GMRAIRPORT | 88.71 | 82 |
| GODREJCP | 1251.5 | 1200 |
| GODREJPROP | 2147.7 | 2100 |
| GOLDM | 95775 | 95000 |
| GRANULES | 485.25 | 460 |
| GRASIM | 2728.2 | 2600 |
| HAL | 4306.9 | 4200 |
| HAVELLS | 1592.9 | 1580 |
| HCLTECH | 1587.7 | 1500 |
| HDFCAMC | 4589.8 | 4300 |
| HDFCBANK | 1918.1 | 1840 |
| HDFCLIFE | 713.75 | 695 |
| HEROMOTOCO | 3946.4 | 3800 |
| HFCL | 85.86 | 82 |
| HINDALCO | 628.45 | 630 |
| HINDCOPPER | 225.03 | 220 |
| HINDPETRO | 389.2 | 370 |
| HINDUNILVR | 2331.6 | 2300 |
| HINDZINC | 460.45 | 440 |
| HUDCO | 230.11 | 220 |
| ICICIBANK | 1407 | 1340 |
| ICICIGI | 1881.9 | 1800 |
| ICICIPRULI | 600.8 | 590 |
| IDEA | 7.99 | 7 |
| IDFCFIRSTB | 67.73 | 63 |
| IEX | 192.07 | 185 |
| IGL | 185.93 | 182.5 |
| IIFL | 373.15 | 340 |
| INDHOTEL | 809.15 | 820 |
| INDIANB | 575 | 560 |
| INDIGO | 5508 | 5250 |
| INDUSINDBK | 834.1 | 750 |
| INDUSTOWER | 402 | 375 |
| INFY | 1474.1 | 1460 |
| INOXWIND | 178.43 | 160 |
| IOC | 138.11 | 135 |
| IRB | 49.02 | 45 |
| IRCTC | 776.2 | 740 |
| IREDA | 178.48 | 160 |
| IRFC | 134.76 | 127.5 |
| ITC | 432.7 | 415 |
| JINDALSTEL | 909.75 | 900 |
| JIOFIN | 258.45 | 240 |
| JSL | 576 | 580 |
| JSWENERGY | 506 | 520 |
| JSWSTEEL | 1041.5 | 1020 |
| JUBLFOOD | 705.55 | 680 |
| KALYANKJIL | 529.9 | 510 |
| KEI | 2987.1 | 2800 |
| KOTAKBANK | 2229.2 | 2120 |
| KPITTECH | 1228.4 | 1180 |
| LAURUSLABS | 644.95 | 620 |
| LICHSGFIN | 614.85 | 580 |
| LICI | 815.7 | 800 |
| LODHA | 1317.5 | 1200 |
| LT | 3299.8 | 3300 |
| LTF | 179.37 | 160 |
| LTIM | 4523.1 | 4350 |
| LUPIN | 2106 | 2040 |
| M&M | 2873.4 | 2700 |
| M&MFIN | 269.55 | 270 |
| MANAPPURAM | 229.28 | 230 |
| MARICO | 714.35 | 690 |
| MARUTI | 11922 | 11600 |
| MAXHEALTH | 1108.5 | 1100 |
| MCX | 6241 | 5600 |
| MFSL | 1232.1 | 1200 |
| MGL | 1333.5 | 1300 |
| MOTHERSON | 136.34 | 130 |
| MPHASIS | 2509 | 2320 |
| MRF | 128405 | 123000 |
| MUTHOOTFIN | 2168.6 | 2120 |
| NATIONALUM | 162.7 | 165 |
| NAUKRI | 7172.5 | 6800 |
| NBCC | 99.8 | 94 |
| NCC | 219.2 | 212.5 |
| NESTLEIND | 2430.1 | 2300 |
| NHPC | 89.39 | 85 |
| NMDC | 68.46 | 67.7 |
| NTPC | 362.6 | 360 |
| NYKAA | 193.32 | 182.5 |
| OBEROIRLTY | 1675.6 | 1620 |
| OFSS | 8741 | 7900 |
| OIL | 402.75 | 380 |
| ONGC | 249.34 | 240 |
| PAGEIND | 45130 | 44000 |
| PATANJALI | 1938.3 | 1920 |
| PAYTM | 905 | 820 |
| PEL | 1016.85 | 1000 |
| PERSISTENT | 5283.5 | 5000 |
| PETRONET | 309.75 | 305 |
| PFC | 434.5 | 420 |
| PHOENIXLTD | 1671.2 | 1650 |
| PIDILITIND | 3061.2 | 2960 |
| PIIND | 3635.8 | 3550 |
| PNB | 103.25 | 100 |
| PNBHOUSING | 1005.85 | 960 |
| POLICYBZR | 1662.7 | 1600 |
| POLYCAB | 5559 | 5300 |
| POONAWALLA | 402.2 | 365 |
| POWERGRID | 315.15 | 300 |
| PRESTIGE | 1298.8 | 1220 |
| RAMCOCEM | 992.55 | 930 |
| RBLBANK | 198.99 | 182.5 |
| RECLTD | 442.25 | 430 |
| RELIANCE | 1300.1 | 1250 |
| SAIL | 117.62 | 115 |
| SBICARD | 922 | 870 |
| SBILIFE | 1618.9 | 1560 |
| SBIN | 816.45 | 780 |
| SHREECEM | 30715 | 30750 |
| SHRIRAMFIN | 700.5 | 670 |
| SIEMENS | 2907 | 2800 |
| SILVER | 97670 | 96000 |
| SJVN | 100.18 | 95 |
| SOLARINDS | 13022 | 12000 |
| SONACOMS | 470.95 | 450 |
| SRF | 3030.5 | 2900 |
| SUNPHARMA | 1802 | 1720 |
| SUPREMEIND | 3453 | 3450 |
| SYNGENE | 653.45 | 730 |
| TATACHEM | 864.1 | 850 |
| TATACOMM | 1594.1 | 1600 |
| TATACONSUM | 1159.9 | 1080 |
| TATAELXSI | 5857 | 5250 |
| TATAMOTORS | 663.65 | 640 |
| TATAPOWER | 397.35 | 385 |
| TATASTEEL | 141.4 | 140 |
| TATATECH | 723.9 | 660 |
| TCS | 3397.5 | 3350 |
| TECHM | 1442.9 | 1360 |
| TIINDIA | 2650.7 | 2600 |
| TITAGARH | 821.05 | 780 |
| TITAN | 3362.7 | 3180 |
| TORNTPHARM | 3328.8 | 3250 |
| TORNTPOWER | 1602.4 | 1600 |
| TRENT | 5371 | 5200 |
| TVSMOTOR | 2779 | 2620 |
| ULTRACEMCO | 12103 | 11600 |
| UNIONBANK | 128.09 | 125 |
| UNITDSPR | 1587.7 | 1460 |
| UPL | 680.85 | 660 |
| VBL | 538.05 | 540 |
| VEDL | 429.5 | 420 |
| VOLTAS | 1280.7 | 1320 |
| WIPRO | 244 | 245 |
| YESBANK | 18.45 | 17 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 881.85 | 880 |
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.
