BANKINDIA
Bank Of India
Max pain for BANKINDIA
25 Apr 2025 04:13 PM IST
Max Pain for BANKINDIA is 117
Strike 88 has a total call value of 0 versus a total put value of 22,543,365,000 Combined total value = 22,543,365,000
Strike 89 has a total call value of 0 versus a total put value of 21,484,760,000 Combined total value = 21,484,760,000
Strike 90 has a total call value of 0 versus a total put value of 20,431,945,000 Combined total value = 20,431,945,000
Strike 91 has a total call value of 0 versus a total put value of 19,431,722,500 Combined total value = 19,431,722,500
Strike 92 has a total call value of 0 versus a total put value of 18,431,500,000 Combined total value = 18,431,500,000
Strike 93 has a total call value of 0 versus a total put value of 17,431,277,500 Combined total value = 17,431,277,500
Strike 94 has a total call value of 0 versus a total put value of 16,431,055,000 Combined total value = 16,431,055,000
Strike 95 has a total call value of 0 versus a total put value of 15,452,545,000 Combined total value = 15,452,545,000
Strike 96 has a total call value of 0 versus a total put value of 14,485,615,000 Combined total value = 14,485,615,000
Strike 97 has a total call value of 0 versus a total put value of 13,526,405,000 Combined total value = 13,526,405,000
Strike 98 has a total call value of 0 versus a total put value of 12,567,195,000 Combined total value = 12,567,195,000
Strike 99 has a total call value of 0 versus a total put value of 11,626,320,000 Combined total value = 11,626,320,000
Strike 100 has a total call value of 0 versus a total put value of 10,710,535,000 Combined total value = 10,710,535,000
Strike 101 has a total call value of 4,825,000 versus a total put value of 9,867,125,000 Combined total value = 9,871,950,000
Strike 102 has a total call value of 9,650,000 versus a total put value of 9,029,987,500 Combined total value = 9,039,637,500
Strike 103 has a total call value of 14,475,000 versus a total put value of 8,192,850,000 Combined total value = 8,207,325,000
Strike 104 has a total call value of 19,300,000 versus a total put value of 7,355,712,500 Combined total value = 7,375,012,500
Strike 105 has a total call value of 24,125,000 versus a total put value of 6,518,575,000 Combined total value = 6,542,700,000
Strike 106 has a total call value of 28,950,000 versus a total put value of 5,792,895,000 Combined total value = 5,821,845,000
Strike 107 has a total call value of 33,775,000 versus a total put value of 5,073,487,500 Combined total value = 5,107,262,500
Strike 108 has a total call value of 38,600,000 versus a total put value of 4,359,387,500 Combined total value = 4,397,987,500
Strike 109 has a total call value of 43,425,000 versus a total put value of 3,668,930,000 Combined total value = 3,712,355,000
Strike 110 has a total call value of 48,250,000 versus a total put value of 2,981,850,000 Combined total value = 3,030,100,000
Strike 111 has a total call value of 117,730,000 versus a total put value of 2,480,050,000 Combined total value = 2,597,780,000
Strike 112 has a total call value of 187,210,000 versus a total put value of 1,981,145,000 Combined total value = 2,168,355,000
Strike 113 has a total call value of 256,690,000 versus a total put value of 1,505,882,500 Combined total value = 1,762,572,500
Strike 114 has a total call value of 333,890,000 versus a total put value of 1,050,402,500 Combined total value = 1,384,292,500
Strike 115 has a total call value of 415,432,500 versus a total put value of 614,705,000 Combined total value = 1,030,137,500
Strike 116 has a total call value of 528,820,000 versus a total put value of 458,375,000 Combined total value = 987,195,000
Strike 117 has a total call value of 646,067,500 versus a total put value of 316,520,000 Combined total value = 962,587,500
Strike 118 has a total call value of 821,215,000 versus a total put value of 206,510,000 Combined total value = 1,027,725,000
Strike 119 has a total call value of 1,013,732,500 versus a total put value of 111,457,500 Combined total value = 1,125,190,000
Strike 120 has a total call value of 1,223,137,500 versus a total put value of 27,020,000 Combined total value = 1,250,157,500
Strike 121 has a total call value of 1,677,170,000 versus a total put value of 9,167,500 Combined total value = 1,686,337,500
Strike 122 has a total call value of 2,144,230,000 versus a total put value of 0 Combined total value = 2,144,230,000
Strike 123 has a total call value of 2,680,770,000 versus a total put value of 0 Combined total value = 2,680,770,000
Strike 124 has a total call value of 3,223,100,000 versus a total put value of 0 Combined total value = 3,223,100,000
Strike 125 has a total call value of 3,812,715,000 versus a total put value of 0 Combined total value = 3,812,715,000
Strike 126 has a total call value of 4,526,815,000 versus a total put value of 0 Combined total value = 4,526,815,000
Strike 127 has a total call value of 5,299,297,500 versus a total put value of 0 Combined total value = 5,299,297,500
Strike 128 has a total call value of 6,092,045,000 versus a total put value of 0 Combined total value = 6,092,045,000
Strike 129 has a total call value of 6,898,302,500 versus a total put value of 0 Combined total value = 6,898,302,500
Strike 130 has a total call value of 7,705,525,000 versus a total put value of 0 Combined total value = 7,705,525,000
Strike 131 has a total call value of 8,844,707,500 versus a total put value of 0 Combined total value = 8,844,707,500
Strike 132 has a total call value of 9,985,820,000 versus a total put value of 0 Combined total value = 9,985,820,000
Strike 133 has a total call value of 11,126,932,500 versus a total put value of 0 Combined total value = 11,126,932,500
Strike 134 has a total call value of 12,293,617,500 versus a total put value of 0 Combined total value = 12,293,617,500
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 428.95 | 435 |
| ABB | 5499 | 5600 |
| ABCAPITAL | 195.94 | 205 |
| ABFRL | 264.15 | 270 |
| ACC | 1938 | 2040 |
| ADANIENSOL | 914.35 | 920 |
| ADANIENT | 2354.3 | 2520 |
| ADANIGREEN | 912.55 | 960 |
| ADANIPORTS | 1193 | 1240 |
| ALKEM | 5033.5 | 5100 |
| AMBUJACEM | 548.7 | 580 |
| ANGELONE | 2328.4 | 2400 |
| APLAPOLLO | 1616.9 | 1600 |
| APOLLOHOSP | 6953 | 7100 |
| APOLLOTYRE | 461.4 | 465 |
| ASHOKLEY | 225.04 | 225 |
| ASIANPAINT | 2431.6 | 2460 |
| ASTRAL | 1343.6 | 1380 |
| ATGL | 600 | 630 |
| AUBANK | 675.15 | 650 |
| AUROPHARMA | 1220.1 | 1220 |
| AXISBANK | 1166.3 | 1190 |
| BAJAJ-AUTO | 8034 | 8300 |
| BAJAJFINSV | 2045.5 | 2060 |
| BAJFINANCE | 9112 | 9200 |
| BALKRISIND | 2518.2 | 2560 |
| BANDHANBNK | 165.45 | 170 |
| BANKBARODA | 246.79 | 250 |
| BANKINDIA | 115.29 | 117 |
| BEL | 297.6 | 300 |
| BHARATFORG | 1088.5 | 1100 |
| BHARTIARTL | 1817.2 | 1840 |
| BHEL | 222.37 | 230 |
| BIOCON | 311.85 | 330 |
| BOSCHLTD | 27995 | 28000 |
| BPCL | 295.7 | 300 |
| BRITANNIA | 5420.5 | 5450 |
| BSE | 6303.5 | 6200 |
| BSOFT | 386.05 | 400 |
| CAMS | 3938.1 | 4000 |
| CANBK | 96.53 | 100 |
| CDSL | 1330.9 | 1300 |
| CESC | 153.96 | 160 |
| CGPOWER | 633.1 | 650 |
| CHAMBLFERT | 676.85 | 680 |
| CHOLAFIN | 1543.5 | 1540 |
| CIPLA | 1525.9 | 1540 |
| COALINDIA | 393.15 | 405 |
| COFORGE | 7390 | 7200 |
| COLPAL | 2671.4 | 2640 |
| CONCOR | 678.75 | 710 |
| CROMPTON | 334.85 | 340 |
| CUMMINSIND | 2861.1 | 2950 |
| CYIENT | 1170.8 | 1180 |
| DABUR | 484.6 | 490 |
| DALBHARAT | 1965.9 | 1920 |
| DEEPAKNTR | 1961.3 | 2000 |
| DELHIVERY | 304.9 | 300 |
| DIVISLAB | 6012.5 | 6100 |
| DIXON | 16219 | 16000 |
| DLF | 653.55 | 680 |
| DMART | 4375.2 | 4400 |
| DRREDDY | 1174.8 | 1180 |
| EICHERMOT | 5575.5 | 5700 |
| ESCORTS | 3333.7 | 3400 |
| ETERNAL | 228.81 | 230 |
| EXIDEIND | 370.5 | 385 |
| FEDERALBNK | 196.49 | 200 |
| GAIL | 186.74 | 195 |
| GLENMARK | 1360.7 | 1400 |
| GMRAIRPORT | 85.5 | 87 |
| GODREJCP | 1266.5 | 1240 |
| GODREJPROP | 2085.3 | 2100 |
| GRANULES | 452.55 | 480 |
| GRASIM | 2734.8 | 2700 |
| HAL | 4196.4 | 4300 |
| HAVELLS | 1599.8 | 1600 |
| HCLTECH | 1578.2 | 1560 |
| HDFCAMC | 4382.5 | 4400 |
| HDFCBANK | 1911.2 | 1920 |
| HDFCLIFE | 704.55 | 710 |
| HEROMOTOCO | 3895.5 | 3900 |
| HFCL | 81.15 | 85 |
| HINDALCO | 622.1 | 630 |
| HINDCOPPER | 213.48 | 230 |
| HINDPETRO | 380.7 | 390 |
| HINDUNILVR | 2332.2 | 2360 |
| HINDZINC | 445 | 450 |
| HUDCO | 220.24 | 225 |
| ICICIBANK | 1404.8 | 1410 |
| ICICIGI | 1854.1 | 1860 |
| ICICIPRULI | 595.8 | 600 |
| IDEA | 7.47 | 8 |
| IDFCFIRSTB | 66.08 | 66 |
| IEX | 190.5 | 192.5 |
| IGL | 178.2 | 180 |
| IIFL | 366.2 | 370 |
| INDHOTEL | 786.35 | 800 |
| INDIANB | 569.2 | 580 |
| INDIGO | 5313.5 | 5300 |
| INDUSINDBK | 822.35 | 820 |
| INDUSTOWER | 397.35 | 400 |
| INFY | 1480.2 | 1480 |
| INOXWIND | 172.14 | 170 |
| IOC | 134.65 | 139 |
| IRB | 46.91 | 48 |
| IRCTC | 751.85 | 780 |
| IREDA | 167.55 | 160 |
| IRFC | 128.8 | 130 |
| ITC | 427.8 | 430 |
| JINDALSTEL | 891.8 | 900 |
| JIOFIN | 253.05 | 255 |
| JSL | 559.4 | 580 |
| JSWENERGY | 482.7 | 500 |
| JSWSTEEL | 1028.4 | 1040 |
| JUBLFOOD | 694.3 | 700 |
| KALYANKJIL | 501.25 | 520 |
| KEI | 2967.1 | 3000 |
| KOTAKBANK | 2204.4 | 2200 |
| KPITTECH | 1221 | 1200 |
| LAURUSLABS | 625.65 | 640 |
| LICHSGFIN | 592.2 | 600 |
| LICI | 791.2 | 810 |
| LODHA | 1305.1 | 1300 |
| LT | 3272.1 | 3320 |
| LTF | 172.99 | 167.5 |
| LTIM | 4498.3 | 4500 |
| LUPIN | 2019.6 | 2060 |
| M&M | 2864.2 | 2900 |
| M&MFIN | 264.6 | 270 |
| MANAPPURAM | 226.93 | 230 |
| MARICO | 710.4 | 710 |
| MARUTI | 11698 | 11800 |
| MAXHEALTH | 1067.4 | 1100 |
| MCX | 6052.5 | 5800 |
| MFSL | 1266.4 | 1240 |
| MGL | 1279.6 | 1300 |
| MOTHERSON | 133.71 | 137.5 |
| MPHASIS | 2538.6 | 2500 |
| MRF | 128655 | 128000 |
| MUTHOOTFIN | 2093.2 | 2160 |
| NATIONALUM | 156.5 | 170 |
| NAUKRI | 7038.5 | 7100 |
| NBCC | 95.49 | 100 |
| NCC | 211.77 | 220 |
| NESTLEIND | 2413.5 | 2420 |
| NHPC | 86.07 | 88 |
| NMDC | 64.95 | 69 |
| NTPC | 356.45 | 365 |
| NYKAA | 191.57 | 190 |
| OBEROIRLTY | 1606.2 | 1640 |
| OFSS | 8604 | 8600 |
| OIL | 399.35 | 400 |
| ONGC | 246.33 | 250 |
| PAGEIND | 44605 | 45000 |
| PATANJALI | 1967 | 2000 |
| PAYTM | 875.65 | 880 |
| PEL | 981.2 | 1000 |
| PERSISTENT | 5273.5 | 5200 |
| PETRONET | 309.4 | 315 |
| PFC | 415.05 | 440 |
| PHOENIXLTD | 1629 | 1700 |
| PIDILITIND | 3011.2 | 3000 |
| PIIND | 3583.9 | 3650 |
| PNB | 99.29 | 103 |
| PNBHOUSING | 971.7 | 1000 |
| POLICYBZR | 1594.2 | 1640 |
| POLYCAB | 5507 | 5500 |
| POONAWALLA | 380.4 | 390 |
| POWERGRID | 306.5 | 315 |
| PRESTIGE | 1261.8 | 1300 |
| RAMCOCEM | 968.65 | 1000 |
| RBLBANK | 188.09 | 190 |
| RECLTD | 422.2 | 440 |
| RELIANCE | 1300.4 | 1300 |
| SAIL | 114.81 | 120 |
| SBICARD | 867.55 | 880 |
| SBILIFE | 1695.1 | 1680 |
| SBIN | 798.65 | 810 |
| SHREECEM | 30540 | 31000 |
| SHRIRAMFIN | 655.2 | 680 |
| SIEMENS | 2833.5 | 2900 |
| SJVN | 96.64 | 100 |
| SOLARINDS | 12757 | 13000 |
| SONACOMS | 453.65 | 460 |
| SRF | 2968.1 | 3000 |
| SUNPHARMA | 1787.4 | 1760 |
| SUPREMEIND | 3477.8 | 3500 |
| SYNGENE | 630.1 | 660 |
| TATACHEM | 826.45 | 880 |
| TATACOMM | 1569.6 | 1600 |
| TATACONSUM | 1155.7 | 1130 |
| TATAELXSI | 5612.5 | 5500 |
| TATAMOTORS | 655.25 | 670 |
| TATAPOWER | 387.6 | 400 |
| TATASTEEL | 138.85 | 142.5 |
| TATATECH | 693.2 | 680 |
| TCS | 3448 | 3400 |
| TECHM | 1462 | 1420 |
| TIINDIA | 2573.9 | 2600 |
| TITAGARH | 778.55 | 800 |
| TITAN | 3365.2 | 3360 |
| TORNTPHARM | 3238.9 | 3300 |
| TORNTPOWER | 1538.6 | 1600 |
| TRENT | 5145 | 5300 |
| TVSMOTOR | 2737.9 | 2700 |
| ULTRACEMCO | 12237 | 12000 |
| UNIONBANK | 124.94 | 130 |
| UNITDSPR | 1547.4 | 1520 |
| UPL | 661.85 | 670 |
| VBL | 521.95 | 530 |
| VEDL | 413.3 | 430 |
| VOLTAS | 1229.4 | 1300 |
| WIPRO | 240.9 | 242.5 |
| YESBANK | 17.77 | 18 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 859.65 | 870 |
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.
