BALKRISIND
Balkrishna Ind. Ltd
Max pain for BALKRISIND
14 Jan 2025 03:01 PM IST
Max Pain for BALKRISIND is 2800
Strike 2300 has a total call value of 0 versus a total put value of 13,632,300,000 Combined total value = 13,632,300,000
Strike 2320 has a total call value of 0 versus a total put value of 12,880,500,000 Combined total value = 12,880,500,000
Strike 2340 has a total call value of 0 versus a total put value of 12,128,700,000 Combined total value = 12,128,700,000
Strike 2350 has a total call value of 0 versus a total put value of 11,752,800,000 Combined total value = 11,752,800,000
Strike 2360 has a total call value of 0 versus a total put value of 11,376,900,000 Combined total value = 11,376,900,000
Strike 2380 has a total call value of 0 versus a total put value of 10,625,100,000 Combined total value = 10,625,100,000
Strike 2400 has a total call value of 0 versus a total put value of 9,873,300,000 Combined total value = 9,873,300,000
Strike 2420 has a total call value of 0 versus a total put value of 9,181,500,000 Combined total value = 9,181,500,000
Strike 2440 has a total call value of 0 versus a total put value of 8,489,700,000 Combined total value = 8,489,700,000
Strike 2450 has a total call value of 0 versus a total put value of 8,150,400,000 Combined total value = 8,150,400,000
Strike 2460 has a total call value of 0 versus a total put value of 7,811,100,000 Combined total value = 7,811,100,000
Strike 2480 has a total call value of 0 versus a total put value of 7,132,500,000 Combined total value = 7,132,500,000
Strike 2500 has a total call value of 0 versus a total put value of 6,453,900,000 Combined total value = 6,453,900,000
Strike 2520 has a total call value of 0 versus a total put value of 5,841,900,000 Combined total value = 5,841,900,000
Strike 2540 has a total call value of 0 versus a total put value of 5,267,700,000 Combined total value = 5,267,700,000
Strike 2550 has a total call value of 0 versus a total put value of 4,983,900,000 Combined total value = 4,983,900,000
Strike 2560 has a total call value of 0 versus a total put value of 4,700,100,000 Combined total value = 4,700,100,000
Strike 2580 has a total call value of 0 versus a total put value of 4,132,500,000 Combined total value = 4,132,500,000
Strike 2600 has a total call value of 9,000,000 versus a total put value of 3,577,500,000 Combined total value = 3,586,500,000
Strike 2620 has a total call value of 25,800,000 versus a total put value of 3,147,900,000 Combined total value = 3,173,700,000
Strike 2640 has a total call value of 42,600,000 versus a total put value of 2,741,700,000 Combined total value = 2,784,300,000
Strike 2650 has a total call value of 51,000,000 versus a total put value of 2,538,600,000 Combined total value = 2,589,600,000
Strike 2660 has a total call value of 59,400,000 versus a total put value of 2,352,600,000 Combined total value = 2,412,000,000
Strike 2680 has a total call value of 81,000,000 versus a total put value of 1,994,400,000 Combined total value = 2,075,400,000
Strike 2700 has a total call value of 107,400,000 versus a total put value of 1,649,400,000 Combined total value = 1,756,800,000
Strike 2720 has a total call value of 192,000,000 versus a total put value of 1,418,400,000 Combined total value = 1,610,400,000
Strike 2740 has a total call value of 284,400,000 versus a total put value of 1,204,200,000 Combined total value = 1,488,600,000
Strike 2750 has a total call value of 338,100,000 versus a total put value of 1,103,700,000 Combined total value = 1,441,800,000
Strike 2760 has a total call value of 391,800,000 versus a total put value of 1,005,300,000 Combined total value = 1,397,100,000
Strike 2780 has a total call value of 511,800,000 versus a total put value of 821,700,000 Combined total value = 1,333,500,000
Strike 2800 has a total call value of 637,200,000 versus a total put value of 638,100,000 Combined total value = 1,275,300,000
Strike 2820 has a total call value of 910,800,000 versus a total put value of 514,500,000 Combined total value = 1,425,300,000
Strike 2840 has a total call value of 1,192,800,000 versus a total put value of 395,100,000 Combined total value = 1,587,900,000
Strike 2850 has a total call value of 1,345,200,000 versus a total put value of 337,200,000 Combined total value = 1,682,400,000
Strike 2860 has a total call value of 1,534,200,000 versus a total put value of 293,400,000 Combined total value = 1,827,600,000
Strike 2880 has a total call value of 1,926,000,000 versus a total put value of 211,200,000 Combined total value = 2,137,200,000
Strike 2900 has a total call value of 2,350,200,000 versus a total put value of 129,000,000 Combined total value = 2,479,200,000
Strike 2920 has a total call value of 2,996,400,000 versus a total put value of 103,200,000 Combined total value = 3,099,600,000
Strike 2940 has a total call value of 3,664,800,000 versus a total put value of 77,400,000 Combined total value = 3,742,200,000
Strike 2950 has a total call value of 4,009,800,000 versus a total put value of 64,500,000 Combined total value = 4,074,300,000
Strike 2960 has a total call value of 4,400,100,000 versus a total put value of 51,600,000 Combined total value = 4,451,700,000
Strike 2980 has a total call value of 5,186,100,000 versus a total put value of 25,800,000 Combined total value = 5,211,900,000
Strike 3000 has a total call value of 5,993,100,000 versus a total put value of 0 Combined total value = 5,993,100,000
Strike 3020 has a total call value of 6,976,500,000 versus a total put value of 0 Combined total value = 6,976,500,000
Strike 3040 has a total call value of 7,959,900,000 versus a total put value of 0 Combined total value = 7,959,900,000
Strike 3050 has a total call value of 8,451,600,000 versus a total put value of 0 Combined total value = 8,451,600,000
Strike 3060 has a total call value of 8,957,700,000 versus a total put value of 0 Combined total value = 8,957,700,000
Strike 3080 has a total call value of 9,969,900,000 versus a total put value of 0 Combined total value = 9,969,900,000
Strike 3100 has a total call value of 10,982,100,000 versus a total put value of 0 Combined total value = 10,982,100,000
Strike 3120 has a total call value of 12,125,700,000 versus a total put value of 0 Combined total value = 12,125,700,000
Strike 3140 has a total call value of 13,348,500,000 versus a total put value of 0 Combined total value = 13,348,500,000
Strike 3150 has a total call value of 13,962,900,000 versus a total put value of 0 Combined total value = 13,962,900,000
Strike 3160 has a total call value of 14,629,500,000 versus a total put value of 0 Combined total value = 14,629,500,000
Strike 3180 has a total call value of 15,962,700,000 versus a total put value of 0 Combined total value = 15,962,700,000
Strike 3200 has a total call value of 17,295,900,000 versus a total put value of 0 Combined total value = 17,295,900,000
Strike 3220 has a total call value of 18,800,100,000 versus a total put value of 0 Combined total value = 18,800,100,000
Strike 3240 has a total call value of 20,304,300,000 versus a total put value of 0 Combined total value = 20,304,300,000
Strike 3250 has a total call value of 21,068,700,000 versus a total put value of 0 Combined total value = 21,068,700,000
Strike 3260 has a total call value of 21,833,100,000 versus a total put value of 0 Combined total value = 21,833,100,000
Strike 3280 has a total call value of 23,361,900,000 versus a total put value of 0 Combined total value = 23,361,900,000
Strike 3300 has a total call value of 24,890,700,000 versus a total put value of 0 Combined total value = 24,890,700,000
Strike 3320 has a total call value of 26,419,500,000 versus a total put value of 0 Combined total value = 26,419,500,000
Strike 3340 has a total call value of 28,064,700,000 versus a total put value of 0 Combined total value = 28,064,700,000
Strike 3350 has a total call value of 28,887,300,000 versus a total put value of 0 Combined total value = 28,887,300,000
Strike 3360 has a total call value of 29,709,900,000 versus a total put value of 0 Combined total value = 29,709,900,000
Strike 3380 has a total call value of 31,355,100,000 versus a total put value of 0 Combined total value = 31,355,100,000
Strike 3400 has a total call value of 33,000,300,000 versus a total put value of 0 Combined total value = 33,000,300,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 409 | 420 |
| ABB | 6138 | 6600 |
| ABBOTINDIA | 28236.95 | 29000 |
| ABCAPITAL | 173.99 | 182.5 |
| ABFRL | 269.3 | 280 |
| ACC | 1946.7 | 2060 |
| ADANIENSOL | 774.9 | 780 |
| ADANIENT | 2381.4 | 2500 |
| ADANIGREEN | 1006.85 | 1000 |
| ADANIPORTS | 1115.95 | 1180 |
| ALKEM | 5258.8 | 5450 |
| AMBUJACEM | 515.9 | 550 |
| ANGELONE | 2369 | 2500 |
| APLAPOLLO | 1468.7 | 1520 |
| APOLLOHOSP | 6702 | 7050 |
| APOLLOTYRE | 452.4 | 470 |
| ASHOKLEY | 209.84 | 220 |
| ASIANPAINT | 2240 | 2320 |
| ASTRAL | 1490.95 | 1600 |
| ATGL | 673.3 | 680 |
| ATUL | 6725 | 6900 |
| AUBANK | 573.95 | 565 |
| AUROPHARMA | 1173.5 | 1220 |
| AXISBANK | 1050.45 | 1080 |
| BAJAJ-AUTO | 8599.05 | 8900 |
| BAJAJFINSV | 1706.75 | 1660 |
| BAJFINANCE | 7331.15 | 7200 |
| BALKRISIND | 2701 | 2800 |
| BANDHANBNK | 146.87 | 160 |
| BANKBARODA | 223.33 | 240 |
| BANKINDIA | 94.2 | 98 |
| BATAINDIA | 1341.1 | 1380 |
| BEL | 269.4 | 280 |
| BERGEPAINT | 462.15 | 460 |
| BHARATFORG | 1189.9 | 1260 |
| BHARTIARTL | 1599.9 | 1600 |
| BHEL | 196.13 | 220 |
| BIOCON | 387.15 | 375 |
| BOSCHLTD | 31553 | 33000 |
| BPCL | 269.3 | 280 |
| BRITANNIA | 4863.55 | 4850 |
| BSE | 5441.95 | 5300 |
| BSOFT | 532.35 | 560 |
| CAMS | 4213 | 4700 |
| CANBK | 93.01 | 98 |
| CANFINHOME | 665.9 | 700 |
| CDSL | 1569 | 1700 |
| CESC | 152.97 | 160 |
| CGPOWER | 631.35 | 670 |
| CHAMBLFERT | 474 | 490 |
| CHOLAFIN | 1268.6 | 1260 |
| CIPLA | 1448.2 | 1500 |
| COALINDIA | 369 | 385 |
| COFORGE | 8552.5 | 9000 |
| COLPAL | 2707 | 2780 |
| CONCOR | 760.45 | 780 |
| COROMANDEL | 1832 | 1880 |
| CROMPTON | 356.75 | 370 |
| CUB | 166.79 | 170 |
| CUMMINSIND | 2935.95 | 3150 |
| CYIENT | 1712 | 1720 |
| DABUR | 512.25 | 515 |
| DALBHARAT | 1729.45 | 1740 |
| DEEPAKNTR | 2335.45 | 2450 |
| DELHIVERY | 323.75 | 335 |
| DIVISLAB | 5983.85 | 5900 |
| DIXON | 16125.15 | 17000 |
| DLF | 722.5 | 770 |
| DMART | 3471.5 | 3700 |
| DRREDDY | 1337.55 | 1350 |
| EICHERMOT | 5031.7 | 5000 |
| ESCORTS | 3435.6 | 3300 |
| EXIDEIND | 381.5 | 410 |
| FEDERALBNK | 192.2 | 197.5 |
| GAIL | 175.64 | 190 |
| GLENMARK | 1513.05 | 1560 |
| GMRAIRPORT | 71.43 | 78 |
| GMRINFRA | 0 | 32 |
| GNFC | 535.4 | 550 |
| GODREJCP | 1137.25 | 1140 |
| GODREJPROP | 2305.95 | 2500 |
| GRANULES | 582.65 | 590 |
| GRASIM | 2309.85 | 2480 |
| GUJGASLTD | 486.3 | 495 |
| HAL | 3821 | 4150 |
| HAVELLS | 1521.05 | 1600 |
| HCLTECH | 1815.85 | 1840 |
| HDFCAMC | 3844.2 | 3950 |
| HDFCBANK | 1645 | 1700 |
| HDFCLIFE | 600.25 | 620 |
| HEROMOTOCO | 4098.95 | 4200 |
| HFCL | 97.57 | 105 |
| HINDALCO | 590.8 | 600 |
| HINDCOPPER | 226.85 | 250 |
| HINDPETRO | 373 | 395 |
| HINDUNILVR | 2371.45 | 2400 |
| HUDCO | 213.8 | 220 |
| ICICIBANK | 1238.6 | 1270 |
| ICICIGI | 1825.4 | 1860 |
| ICICIPRULI | 641 | 660 |
| IDEA | 8.24 | 8 |
| IDFCFIRSTB | 61.79 | 63 |
| IEX | 166.51 | 177.5 |
| IGL | 410.65 | 410 |
| INDHOTEL | 778.65 | 800 |
| INDIAMART | 2240.25 | 2300 |
| INDIANB | 502.6 | 520 |
| INDIGO | 3987.9 | 4250 |
| INDUSINDBK | 960.65 | 980 |
| INDUSTOWER | 339.85 | 340 |
| INFY | 1941.7 | 1940 |
| IOC | 126.38 | 135 |
| IPCALAB | 1584.85 | 1640 |
| IRB | 51.09 | 55 |
| IRCTC | 756.4 | 790 |
| IRFC | 134.34 | 135 |
| ITC | 436.95 | 445 |
| JINDALSTEL | 907.95 | 940 |
| JIOFIN | 271.95 | 285 |
| JKCEMENT | 4378 | 4500 |
| JSL | 624.4 | 630 |
| JSWENERGY | 546.95 | 570 |
| JSWSTEEL | 905.65 | 920 |
| JUBLFOOD | 708.15 | 730 |
| KALYANKJIL | 593.1 | 640 |
| KEI | 4020.15 | 4200 |
| KOTAKBANK | 1746.1 | 1800 |
| KPITTECH | 1322.95 | 1400 |
| LALPATHLAB | 2800.6 | 2950 |
| LAURUSLABS | 567.75 | 590 |
| LICHSGFIN | 551.15 | 590 |
| LICI | 824.5 | 860 |
| LODHA | 1142.7 | 1240 |
| LT | 3465 | 3600 |
| LTF | 132.77 | 140 |
| LTIM | 5748.7 | 5800 |
| LTTS | 4703.05 | 4800 |
| LUPIN | 2152.75 | 2240 |
| M&M | 3047.85 | 3100 |
| M&MFIN | 265.85 | 270 |
| MANAPPURAM | 176.8 | 190 |
| MARICO | 660.25 | 660 |
| MARUTI | 11733.75 | 11600 |
| MAXHEALTH | 1081.15 | 1140 |
| MCX | 5686.15 | 6000 |
| METROPOLIS | 1868.85 | 2000 |
| MFSL | 1050.6 | 1100 |
| MGL | 1268 | 1280 |
| MOTHERSON | 145.3 | 155 |
| MPHASIS | 2779.95 | 2900 |
| MRF | 114225.6 | 118000 |
| MUTHOOTFIN | 2123.5 | 2140 |
| NATIONALUM | 199 | 210 |
| NAUKRI | 7454.55 | 8000 |
| NAVINFLUOR | 3621.2 | 3650 |
| NCC | 245.7 | 260 |
| NESTLEIND | 2217.45 | 2200 |
| NHPC | 76.22 | 78 |
| NMDC | 63.27 | 67 |
| NTPC | 309.85 | 320 |
| NYKAA | 165.16 | 167.5 |
| OBEROIRLTY | 1969.9 | 2140 |
| OFSS | 10726 | 11500 |
| OIL | 465.8 | 460 |
| ONGC | 259.77 | 257.5 |
| PAGEIND | 46389.85 | 47000 |
| PAYTM | 817.35 | 880 |
| PEL | 1023.2 | 1080 |
| PERSISTENT | 5855.9 | 6200 |
| PETRONET | 325.2 | 335 |
| PFC | 416.15 | 440 |
| PIDILITIND | 2804.8 | 2900 |
| PIIND | 3465.95 | 3600 |
| PNB | 98.1 | 102 |
| POLICYBZR | 1735.35 | 1900 |
| POLYCAB | 6448.05 | 6700 |
| POONAWALLA | 308.1 | 315 |
| POWERGRID | 290 | 305 |
| PRESTIGE | 1424.05 | 1550 |
| PVRINOX | 1084.7 | 1180 |
| RAMCOCEM | 883.5 | 930 |
| RBLBANK | 152.82 | 160 |
| RECLTD | 475.1 | 500 |
| RELIANCE | 1238.85 | 1250 |
| SAIL | 105.7 | 110 |
| SBICARD | 733.4 | 730 |
| SBILIFE | 1499.3 | 1440 |
| SBIN | 747.8 | 780 |
| SHREECEM | 25112.35 | 25750 |
| SHRIRAMFIN | 542.05 | 570 |
| SIEMENS | 5849.1 | 6200 |
| SJVN | 93.75 | 100 |
| SONACOMS | 569.35 | 580 |
| SRF | 2505.5 | 2560 |
| SUNPHARMA | 1770 | 1820 |
| SUNTV | 656.9 | 680 |
| SUPREMEIND | 4351.7 | 4500 |
| SYNGENE | 827 | 850 |
| TATACHEM | 964.95 | 1020 |
| TATACOMM | 1677.15 | 1740 |
| TATACONSUM | 962.65 | 950 |
| TATAELXSI | 6076 | 6200 |
| TATAMOTORS | 769.9 | 780 |
| TATAPOWER | 355.5 | 380 |
| TATASTEEL | 126.84 | 135 |
| TCS | 4235.5 | 4200 |
| TECHM | 1649.65 | 1680 |
| TIINDIA | 3304.95 | 3550 |
| TITAN | 3322.9 | 3400 |
| TORNTPHARM | 3246.25 | 3350 |
| TRENT | 6150.75 | 6600 |
| TVSMOTOR | 2233.95 | 2320 |
| UBL | 1964.6 | 2000 |
| ULTRACEMCO | 10472.15 | 11100 |
| UNIONBANK | 103.65 | 110 |
| UNITDSPR | 1406.3 | 1500 |
| UPL | 541.45 | 530 |
| VBL | 566.15 | 600 |
| VEDL | 429.2 | 450 |
| VOLTAS | 1635.35 | 1720 |
| WIPRO | 293 | 295 |
| YESBANK | 17.94 | 19 |
| ZOMATO | 233.2 | 250 |
| ZYDUSLIFE | 998.5 | 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.
