BALKRISIND
Balkrishna Ind. Ltd
Max pain for BALKRISIND
28 Feb 2025 04:11 PM IST
Max Pain for BALKRISIND is 2700
Strike 2320 has a total call value of 0 versus a total put value of 2,961,600,000 Combined total value = 2,961,600,000
Strike 2340 has a total call value of 0 versus a total put value of 2,718,600,000 Combined total value = 2,718,600,000
Strike 2360 has a total call value of 0 versus a total put value of 2,475,600,000 Combined total value = 2,475,600,000
Strike 2380 has a total call value of 0 versus a total put value of 2,232,600,000 Combined total value = 2,232,600,000
Strike 2400 has a total call value of 0 versus a total put value of 1,989,600,000 Combined total value = 1,989,600,000
Strike 2420 has a total call value of 0 versus a total put value of 1,776,000,000 Combined total value = 1,776,000,000
Strike 2440 has a total call value of 0 versus a total put value of 1,567,800,000 Combined total value = 1,567,800,000
Strike 2460 has a total call value of 0 versus a total put value of 1,359,600,000 Combined total value = 1,359,600,000
Strike 2480 has a total call value of 0 versus a total put value of 1,165,200,000 Combined total value = 1,165,200,000
Strike 2500 has a total call value of 0 versus a total put value of 970,800,000 Combined total value = 970,800,000
Strike 2520 has a total call value of 2,400,000 versus a total put value of 844,200,000 Combined total value = 846,600,000
Strike 2540 has a total call value of 4,800,000 versus a total put value of 717,600,000 Combined total value = 722,400,000
Strike 2560 has a total call value of 9,600,000 versus a total put value of 591,000,000 Combined total value = 600,600,000
Strike 2580 has a total call value of 14,400,000 versus a total put value of 491,400,000 Combined total value = 505,800,000
Strike 2600 has a total call value of 19,200,000 versus a total put value of 391,800,000 Combined total value = 411,000,000
Strike 2620 has a total call value of 36,000,000 versus a total put value of 329,400,000 Combined total value = 365,400,000
Strike 2640 has a total call value of 52,800,000 versus a total put value of 267,000,000 Combined total value = 319,800,000
Strike 2660 has a total call value of 69,600,000 versus a total put value of 204,600,000 Combined total value = 274,200,000
Strike 2680 has a total call value of 98,400,000 versus a total put value of 148,200,000 Combined total value = 246,600,000
Strike 2700 has a total call value of 127,200,000 versus a total put value of 92,400,000 Combined total value = 219,600,000
Strike 2720 has a total call value of 249,000,000 versus a total put value of 73,200,000 Combined total value = 322,200,000
Strike 2740 has a total call value of 370,800,000 versus a total put value of 54,000,000 Combined total value = 424,800,000
Strike 2760 has a total call value of 502,200,000 versus a total put value of 36,000,000 Combined total value = 538,200,000
Strike 2780 has a total call value of 633,600,000 versus a total put value of 18,000,000 Combined total value = 651,600,000
Strike 2800 has a total call value of 765,000,000 versus a total put value of 0 Combined total value = 765,000,000
Strike 2820 has a total call value of 964,200,000 versus a total put value of 0 Combined total value = 964,200,000
Strike 2840 has a total call value of 1,163,400,000 versus a total put value of 0 Combined total value = 1,163,400,000
Strike 2860 has a total call value of 1,374,600,000 versus a total put value of 0 Combined total value = 1,374,600,000
Strike 2880 has a total call value of 1,622,400,000 versus a total put value of 0 Combined total value = 1,622,400,000
Strike 2900 has a total call value of 1,890,600,000 versus a total put value of 0 Combined total value = 1,890,600,000
Strike 2920 has a total call value of 2,200,800,000 versus a total put value of 0 Combined total value = 2,200,800,000
Strike 2940 has a total call value of 2,512,200,000 versus a total put value of 0 Combined total value = 2,512,200,000
Strike 2960 has a total call value of 2,830,200,000 versus a total put value of 0 Combined total value = 2,830,200,000
Strike 2980 has a total call value of 3,154,800,000 versus a total put value of 0 Combined total value = 3,154,800,000
Strike 3000 has a total call value of 3,485,400,000 versus a total put value of 0 Combined total value = 3,485,400,000
Strike 3020 has a total call value of 3,836,400,000 versus a total put value of 0 Combined total value = 3,836,400,000
Strike 3040 has a total call value of 4,187,400,000 versus a total put value of 0 Combined total value = 4,187,400,000
Strike 3060 has a total call value of 4,538,400,000 versus a total put value of 0 Combined total value = 4,538,400,000
Strike 3080 has a total call value of 4,889,400,000 versus a total put value of 0 Combined total value = 4,889,400,000
Strike 3100 has a total call value of 5,240,400,000 versus a total put value of 0 Combined total value = 5,240,400,000
Strike 3120 has a total call value of 5,591,400,000 versus a total put value of 0 Combined total value = 5,591,400,000
Strike 3140 has a total call value of 5,942,400,000 versus a total put value of 0 Combined total value = 5,942,400,000
Strike 3160 has a total call value of 6,293,400,000 versus a total put value of 0 Combined total value = 6,293,400,000
Strike 3180 has a total call value of 6,644,400,000 versus a total put value of 0 Combined total value = 6,644,400,000
Strike 3200 has a total call value of 6,995,400,000 versus a total put value of 0 Combined total value = 6,995,400,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 376 | 400 |
| ABB | 4935.4 | 5200 |
| ABCAPITAL | 156.33 | 165 |
| ABFRL | 242.15 | 255 |
| ACC | 1818.55 | 2000 |
| ADANIENSOL | 650.9 | 680 |
| ADANIENT | 2096 | 2500 |
| ADANIGREEN | 774.4 | 820 |
| ADANIPORTS | 1069.4 | 1100 |
| ALKEM | 4646.2 | 4650 |
| AMBUJACEM | 464.95 | 510 |
| ANGELONE | 2169.15 | 2100 |
| APLAPOLLO | 1438.95 | 1460 |
| APOLLOHOSP | 6052.6 | 6200 |
| APOLLOTYRE | 374.3 | 400 |
| ASHOKLEY | 212.94 | 220 |
| ASIANPAINT | 2179.75 | 2260 |
| ASTRAL | 1337.25 | 1400 |
| ATGL | 557.15 | 560 |
| AUBANK | 565.7 | 555 |
| AUROPHARMA | 1058.3 | 1100 |
| AXISBANK | 1015.55 | 1030 |
| BAJAJ-AUTO | 7902.9 | 8300 |
| BAJAJFINSV | 1872.3 | 1900 |
| BAJFINANCE | 8530.3 | 8500 |
| BALKRISIND | 2615.65 | 2700 |
| BANDHANBNK | 141.19 | 145 |
| BANKBARODA | 197.07 | 215 |
| BANKINDIA | 95.16 | 100 |
| BEL | 246.25 | 260 |
| BERGEPAINT | 488.55 | 490 |
| BHARATFORG | 1016.5 | 1040 |
| BHARTIARTL | 1570.2 | 1620 |
| BHEL | 179.17 | 195 |
| BIOCON | 302.45 | 320 |
| BOSCHLTD | 26544 | 30000 |
| BPCL | 237.3 | 250 |
| BRITANNIA | 4595.45 | 4800 |
| BSE | 4633.7 | 5100 |
| BSOFT | 424.05 | 450 |
| CAMS | 3143.1 | 3300 |
| CANBK | 80.9 | 88 |
| CDSL | 1107.9 | 1200 |
| CESC | 130.79 | 135 |
| CGPOWER | 572.6 | 580 |
| CHAMBLFERT | 533.7 | 550 |
| CHOLAFIN | 1400.75 | 1400 |
| CIPLA | 1407.5 | 1460 |
| COALINDIA | 369.35 | 380 |
| COFORGE | 7362.15 | 7400 |
| COLPAL | 2464.6 | 2500 |
| CONCOR | 623.7 | 680 |
| CROMPTON | 321.15 | 330 |
| CUMMINSIND | 2717.95 | 2800 |
| CYIENT | 1267.15 | 1300 |
| DABUR | 493.3 | 510 |
| DALBHARAT | 1689.65 | 1700 |
| DEEPAKNTR | 1851.3 | 1900 |
| DELHIVERY | 249.85 | 260 |
| DIVISLAB | 5480.25 | 5650 |
| DIXON | 13935.85 | 14000 |
| DLF | 635.55 | 670 |
| DMART | 3403.95 | 3550 |
| DRREDDY | 1116.5 | 1150 |
| EICHERMOT | 4773.6 | 4950 |
| ESCORTS | 2868.95 | 3000 |
| EXIDEIND | 347.8 | 370 |
| FEDERALBNK | 177.62 | 180 |
| GAIL | 156.04 | 160 |
| GLENMARK | 1278.95 | 1300 |
| GMRAIRPORT | 69.47 | 71 |
| GODREJCP | 1005.15 | 1030 |
| GODREJPROP | 1936.3 | 2000 |
| GRANULES | 461.8 | 490 |
| GRASIM | 2306.65 | 2360 |
| HAL | 3088.2 | 3400 |
| HAVELLS | 1421.8 | 1440 |
| HCLTECH | 1575.05 | 1640 |
| HDFCAMC | 3628.3 | 3800 |
| HDFCBANK | 1732.4 | 1720 |
| HDFCLIFE | 608.5 | 620 |
| HEROMOTOCO | 3681.1 | 3800 |
| HFCL | 79.19 | 85 |
| HINDALCO | 634.35 | 630 |
| HINDCOPPER | 202.32 | 220 |
| HINDPETRO | 293.75 | 310 |
| HINDUNILVR | 2190.25 | 2300 |
| HUDCO | 165.14 | 180 |
| ICICIBANK | 1204.1 | 1250 |
| ICICIGI | 1690.95 | 1720 |
| ICICIPRULI | 551.6 | 560 |
| IDEA | 7.55 | 8 |
| IDFCFIRSTB | 58.39 | 61 |
| IEX | 155.93 | 165 |
| IGL | 189.48 | 195 |
| INDHOTEL | 716.1 | 740 |
| INDIANB | 510.8 | 520 |
| INDIGO | 4477.3 | 4500 |
| INDUSINDBK | 990.1 | 1040 |
| INDUSTOWER | 323.35 | 345 |
| INFY | 1687.7 | 1760 |
| IOC | 113.49 | 120 |
| IRB | 43.26 | 45 |
| IRCTC | 670.95 | 710 |
| IRFC | 112.42 | 115 |
| ITC | 395 | 405 |
| JINDALSTEL | 856.15 | 880 |
| JIOFIN | 207.61 | 220 |
| JKCEMENT | 4389.35 | 4500 |
| JSL | 584.85 | 610 |
| JSWENERGY | 464.1 | 460 |
| JSWSTEEL | 950.7 | 970 |
| JUBLFOOD | 626.1 | 650 |
| KALYANKJIL | 462.25 | 460 |
| KEI | 3070.15 | 3000 |
| KOTAKBANK | 1902.95 | 1940 |
| KPITTECH | 1197.4 | 1260 |
| LAURUSLABS | 527.2 | 540 |
| LICHSGFIN | 496.9 | 530 |
| LICI | 740.5 | 760 |
| LODHA | 1130.9 | 1200 |
| LT | 3163.85 | 3300 |
| LTF | 134.73 | 140 |
| LTIM | 4665.95 | 5000 |
| LTTS | 4533.2 | 4700 |
| LUPIN | 1904.65 | 1900 |
| M&M | 2585.1 | 2700 |
| M&MFIN | 270.6 | 280 |
| MANAPPURAM | 200.96 | 200 |
| MARICO | 600.6 | 620 |
| MARUTI | 11945.85 | 12200 |
| MAXHEALTH | 978.1 | 1020 |
| MCX | 4991.65 | 5400 |
| MFSL | 998.1 | 1040 |
| MGL | 1237.5 | 1300 |
| MOTHERSON | 118.59 | 125 |
| MPHASIS | 2247.25 | 2350 |
| MRF | 105373.7 | 110000 |
| MUTHOOTFIN | 2132.8 | 2200 |
| NATIONALUM | 177.6 | 186 |
| NAUKRI | 6992.65 | 7300 |
| NBCC | 72.86 | 77.5 |
| NCC | 175 | 180 |
| NESTLEIND | 2189.65 | 2260 |
| NHPC | 72.9 | 75 |
| NMDC | 62.48 | 69 |
| NTPC | 311.45 | 320 |
| NYKAA | 158.8 | 160 |
| OBEROIRLTY | 1484.5 | 1520 |
| OFSS | 7763.9 | 8000 |
| OIL | 342.7 | 370 |
| ONGC | 225.25 | 235 |
| PAGEIND | 40515.95 | 42000 |
| PAYTM | 714.95 | 740 |
| PEL | 872.4 | 940 |
| PERSISTENT | 5303.9 | 5400 |
| PETRONET | 283.3 | 290 |
| PFC | 364.3 | 390 |
| PHOENIXLTD | 1548.1 | 1500 |
| PIDILITIND | 2657.9 | 2800 |
| PIIND | 3013.95 | 3100 |
| PNB | 87.39 | 95 |
| POLICYBZR | 1463.6 | 1550 |
| POLYCAB | 4713.4 | 4900 |
| POONAWALLA | 281.3 | 280 |
| POWERGRID | 250.85 | 265 |
| PRESTIGE | 1126.6 | 1150 |
| RAMCOCEM | 829 | 850 |
| RBLBANK | 158.34 | 160 |
| RECLTD | 360.3 | 390 |
| RELIANCE | 1200.1 | 1250 |
| SAIL | 105.02 | 110 |
| SBICARD | 838.8 | 850 |
| SBILIFE | 1430.5 | 1480 |
| SBIN | 688.8 | 720 |
| SHREECEM | 27284 | 27250 |
| SHRIRAMFIN | 617.3 | 610 |
| SIEMENS | 4623.5 | 4800 |
| SJVN | 84.11 | 87.5 |
| SOLARINDS | 8710.6 | 9000 |
| SONACOMS | 493.9 | 500 |
| SRF | 2795.4 | 2800 |
| SUNPHARMA | 1593.25 | 1640 |
| SUPREMEIND | 3329 | 3500 |
| SYNGENE | 652.4 | 700 |
| TATACHEM | 777.35 | 840 |
| TATACOMM | 1352.5 | 1400 |
| TATACONSUM | 963.7 | 1000 |
| TATAELXSI | 5411.1 | 5500 |
| TATAMOTORS | 620.65 | 660 |
| TATAPOWER | 339.2 | 360 |
| TATASTEEL | 137.2 | 140 |
| TCS | 3483.25 | 3650 |
| TECHM | 1487.85 | 1560 |
| TIINDIA | 2462.15 | 2600 |
| TITAN | 3077.25 | 3200 |
| TORNTPHARM | 2948.1 | 3000 |
| TORNTPOWER | 1262.95 | 1300 |
| TRENT | 4851.55 | 5000 |
| TVSMOTOR | 2225.5 | 2320 |
| ULTRACEMCO | 10128.45 | 10500 |
| UNIONBANK | 112.1 | 115 |
| UNITDSPR | 1284.45 | 1300 |
| UPL | 632.95 | 640 |
| USDINR | 0 | 77.25 |
| VBL | 436.05 | 470 |
| VEDL | 394.75 | 430 |
| VOLTAS | 1320.1 | 1300 |
| WIPRO | 277.65 | 290 |
| YESBANK | 16.75 | 18 |
| ZOMATO | 222.1 | 230 |
| ZYDUSLIFE | 876.6 | 900 |
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.
