BERGEPAINT
Berger Paints (I) Ltd
Max pain for BERGEPAINT
21 Nov 2024 04:10 PM IST
Max Pain for BERGEPAINT is 495
Strike 435 has a total call value of 0 versus a total put value of 12,593,460,000 Combined total value = 12,593,460,000
Strike 440 has a total call value of 0 versus a total put value of 11,361,900,000 Combined total value = 11,361,900,000
Strike 445 has a total call value of 0 versus a total put value of 10,160,040,000 Combined total value = 10,160,040,000
Strike 450 has a total call value of 0 versus a total put value of 8,981,280,000 Combined total value = 8,981,280,000
Strike 455 has a total call value of 660,000 versus a total put value of 7,932,540,000 Combined total value = 7,933,200,000
Strike 460 has a total call value of 5,280,000 versus a total put value of 6,906,240,000 Combined total value = 6,911,520,000
Strike 465 has a total call value of 15,840,000 versus a total put value of 5,957,820,000 Combined total value = 5,973,660,000
Strike 470 has a total call value of 34,320,000 versus a total put value of 5,062,200,000 Combined total value = 5,096,520,000
Strike 475 has a total call value of 105,600,000 versus a total put value of 4,248,420,000 Combined total value = 4,354,020,000
Strike 480 has a total call value of 212,520,000 versus a total put value of 3,482,160,000 Combined total value = 3,694,680,000
Strike 485 has a total call value of 410,520,000 versus a total put value of 2,853,180,000 Combined total value = 3,263,700,000
Strike 490 has a total call value of 685,080,000 versus a total put value of 2,258,520,000 Combined total value = 2,943,600,000
Strike 495 has a total call value of 1,104,840,000 versus a total put value of 1,787,280,000 Combined total value = 2,892,120,000
Strike 500 has a total call value of 1,591,260,000 versus a total put value of 1,344,420,000 Combined total value = 2,935,680,000
Strike 505 has a total call value of 2,339,040,000 versus a total put value of 1,037,520,000 Combined total value = 3,376,560,000
Strike 510 has a total call value of 3,175,260,000 versus a total put value of 764,940,000 Combined total value = 3,940,200,000
Strike 515 has a total call value of 4,212,120,000 versus a total put value of 557,040,000 Combined total value = 4,769,160,000
Strike 520 has a total call value of 5,392,200,000 versus a total put value of 349,140,000 Combined total value = 5,741,340,000
Strike 525 has a total call value of 6,711,540,000 versus a total put value of 218,460,000 Combined total value = 6,930,000,000
Strike 530 has a total call value of 8,110,740,000 versus a total put value of 132,000,000 Combined total value = 8,242,740,000
Strike 535 has a total call value of 9,622,800,000 versus a total put value of 85,800,000 Combined total value = 9,708,600,000
Strike 540 has a total call value of 11,134,860,000 versus a total put value of 39,600,000 Combined total value = 11,174,460,000
Strike 545 has a total call value of 12,735,360,000 versus a total put value of 35,640,000 Combined total value = 12,771,000,000
Strike 550 has a total call value of 14,335,860,000 versus a total put value of 31,680,000 Combined total value = 14,367,540,000
Strike 555 has a total call value of 16,220,160,000 versus a total put value of 27,720,000 Combined total value = 16,247,880,000
Strike 560 has a total call value of 18,104,460,000 versus a total put value of 23,760,000 Combined total value = 18,128,220,000
Strike 565 has a total call value of 20,071,920,000 versus a total put value of 19,800,000 Combined total value = 20,091,720,000
Strike 570 has a total call value of 22,039,380,000 versus a total put value of 15,840,000 Combined total value = 22,055,220,000
Strike 575 has a total call value of 24,047,100,000 versus a total put value of 11,880,000 Combined total value = 24,058,980,000
Strike 580 has a total call value of 26,054,820,000 versus a total put value of 7,920,000 Combined total value = 26,062,740,000
Strike 585 has a total call value of 28,111,380,000 versus a total put value of 3,960,000 Combined total value = 28,115,340,000
Strike 590 has a total call value of 30,167,940,000 versus a total put value of 0 Combined total value = 30,167,940,000
Strike 595 has a total call value of 32,224,500,000 versus a total put value of 0 Combined total value = 32,224,500,000
Strike 600 has a total call value of 34,281,060,000 versus a total put value of 0 Combined total value = 34,281,060,000
Strike 605 has a total call value of 36,497,340,000 versus a total put value of 0 Combined total value = 36,497,340,000
Strike 610 has a total call value of 38,718,240,000 versus a total put value of 0 Combined total value = 38,718,240,000
Strike 615 has a total call value of 40,939,140,000 versus a total put value of 0 Combined total value = 40,939,140,000
Strike 620 has a total call value of 43,160,040,000 versus a total put value of 0 Combined total value = 43,160,040,000
Strike 625 has a total call value of 45,450,240,000 versus a total put value of 0 Combined total value = 45,450,240,000
Strike 630 has a total call value of 47,740,440,000 versus a total put value of 0 Combined total value = 47,740,440,000
Strike 635 has a total call value of 50,030,640,000 versus a total put value of 0 Combined total value = 50,030,640,000
Strike 640 has a total call value of 52,320,840,000 versus a total put value of 0 Combined total value = 52,320,840,000
Strike 645 has a total call value of 54,611,040,000 versus a total put value of 0 Combined total value = 54,611,040,000
Strike 650 has a total call value of 56,901,240,000 versus a total put value of 0 Combined total value = 56,901,240,000
Strike 655 has a total call value of 59,194,740,000 versus a total put value of 0 Combined total value = 59,194,740,000
Strike 660 has a total call value of 61,488,240,000 versus a total put value of 0 Combined total value = 61,488,240,000
Strike 665 has a total call value of 63,781,740,000 versus a total put value of 0 Combined total value = 63,781,740,000
Strike 670 has a total call value of 66,075,240,000 versus a total put value of 0 Combined total value = 66,075,240,000
Strike 675 has a total call value of 68,368,740,000 versus a total put value of 0 Combined total value = 68,368,740,000
Strike 680 has a total call value of 70,662,240,000 versus a total put value of 0 Combined total value = 70,662,240,000
Strike 685 has a total call value of 72,955,740,000 versus a total put value of 0 Combined total value = 72,955,740,000
Strike 690 has a total call value of 75,249,240,000 versus a total put value of 0 Combined total value = 75,249,240,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.6 | 470 |
| ABB | 6760.8 | 7000 |
| ABBOTINDIA | 27114.7 | 28000 |
| ABCAPITAL | 183.01 | 200 |
| ABFRL | 284.4 | 305 |
| ACC | 2027.2 | 2220 |
| ADANIENT | 2183.65 | 2500 |
| ADANIPORTS | 1114.65 | 1200 |
| ALKEM | 5604.75 | 5600 |
| AMBUJACEM | 484.15 | 530 |
| APOLLOHOSP | 6742.5 | 6900 |
| APOLLOTYRE | 481.3 | 480 |
| ASHOKLEY | 218.9 | 220 |
| ASIANPAINT | 2428.15 | 2540 |
| ASTRAL | 1713.9 | 1780 |
| ATUL | 7241.95 | 7500 |
| AUBANK | 593.9 | 590 |
| AUROPHARMA | 1220 | 1300 |
| AXISBANK | 1139.15 | 1150 |
| BAJAJ-AUTO | 9505 | 9700 |
| BAJAJFINSV | 1569.25 | 1620 |
| BAJFINANCE | 6465.65 | 6700 |
| BALKRISIND | 2721.95 | 2800 |
| BANDHANBNK | 165.86 | 180 |
| BANKBARODA | 228.5 | 240 |
| BATAINDIA | 1281.55 | 1310 |
| BEL | 275.45 | 285 |
| BERGEPAINT | 465.5 | 495 |
| BHARATFORG | 1296.2 | 1340 |
| BHARTIARTL | 1525.15 | 1560 |
| BHEL | 227.94 | 235 |
| BIOCON | 323.1 | 330 |
| BOSCHLTD | 34108.7 | 34000 |
| BPCL | 282.4 | 295 |
| BRITANNIA | 4803.35 | 5000 |
| BSOFT | 545.4 | 560 |
| CANBK | 94.46 | 100 |
| CANFINHOME | 822.65 | 830 |
| CHAMBLFERT | 455.4 | 480 |
| CHOLAFIN | 1204.9 | 1260 |
| CIPLA | 1465.5 | 1520 |
| COALINDIA | 406 | 425 |
| COFORGE | 8210.1 | 8000 |
| COLPAL | 2690.3 | 2850 |
| CONCOR | 769.95 | 810 |
| COROMANDEL | 1768 | 1720 |
| CROMPTON | 381.95 | 390 |
| CUB | 170.09 | 175 |
| CUMMINSIND | 3282.25 | 3400 |
| DABUR | 505.75 | 525 |
| DALBHARAT | 1771.6 | 1760 |
| DEEPAKNTR | 2619.2 | 2650 |
| DIVISLAB | 5977.1 | 5900 |
| DIXON | 14995.45 | 14750 |
| DLF | 773.95 | 780 |
| DRREDDY | 1195.35 | 1220 |
| EICHERMOT | 4882.1 | 4900 |
| ESCORTS | 3454.4 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.88 | 205 |
| GAIL | 188.3 | 195 |
| GLENMARK | 1466.4 | 1540 |
| GMRINFRA | 76.85 | 82 |
| GNFC | 555.55 | 570 |
| GODREJCP | 1178.7 | 1200 |
| GODREJPROP | 2704.8 | 2750 |
| GRANULES | 544.85 | 570 |
| GRASIM | 2534.85 | 2540 |
| GUJGASLTD | 453.6 | 480 |
| HAL | 3983.45 | 4200 |
| HAVELLS | 1636.1 | 1640 |
| HCLTECH | 1836.35 | 1820 |
| HDFCAMC | 4214.1 | 4300 |
| HDFCBANK | 1741.2 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4767.85 | 4800 |
| HINDALCO | 648.05 | 650 |
| HINDCOPPER | 261.5 | 290 |
| HINDPETRO | 360.1 | 375 |
| HINDUNILVR | 2382.8 | 2480 |
| ICICIBANK | 1250.55 | 1260 |
| ICICIGI | 1804.7 | 1880 |
| ICICIPRULI | 678.55 | 700 |
| IDEA | 6.91 | 8 |
| IDFCFIRSTB | 62.94 | 66 |
| IEX | 161.33 | 170 |
| IGL | 311.4 | 330 |
| INDHOTEL | 786.8 | 760 |
| INDIAMART | 2253.95 | 2350 |
| INDIGO | 4069.8 | 4050 |
| INDUSINDBK | 981.45 | 1040 |
| INDUSTOWER | 329.1 | 340 |
| INFY | 1834.05 | 1800 |
| IOC | 130.71 | 140 |
| IPCALAB | 1573.55 | 1560 |
| IRCTC | 793.85 | 830 |
| ITC | 457.15 | 475 |
| JINDALSTEL | 871.2 | 900 |
| JKCEMENT | 4003 | 4000 |
| JSWSTEEL | 944.15 | 960 |
| JUBLFOOD | 610.2 | 620 |
| KOTAKBANK | 1737.1 | 1760 |
| LALPATHLAB | 3026.1 | 3100 |
| LAURUSLABS | 489.15 | 490 |
| LICHSGFIN | 611.25 | 630 |
| LT | 3483.5 | 3600 |
| LTF | 137.74 | 140 |
| LTIM | 5931.05 | 5900 |
| LTTS | 5165.7 | 5150 |
| LUPIN | 2043 | 2100 |
| M&M | 2936.25 | 2900 |
| M&MFIN | 256.25 | 265 |
| MANAPPURAM | 150.29 | 155 |
| MARICO | 591.05 | 600 |
| MARUTI | 10861.45 | 11000 |
| MCX | 6166.5 | 6200 |
| METROPOLIS | 2015.75 | 2060 |
| MFSL | 1173.5 | 1200 |
| MGL | 1125.35 | 1160 |
| MOTHERSON | 161.84 | 175 |
| MPHASIS | 2786.2 | 2850 |
| MRF | 123509.9 | 122500 |
| MUTHOOTFIN | 1899.55 | 1880 |
| NATIONALUM | 248.21 | 240 |
| NAUKRI | 7515.35 | 7700 |
| NAVINFLUOR | 3262.45 | 3400 |
| NESTLEIND | 2211.2 | 2280 |
| NMDC | 217.63 | 225 |
| NTPC | 356.15 | 370 |
| OBEROIRLTY | 1917.35 | 1960 |
| OFSS | 11141.9 | 11500 |
| ONGC | 242.15 | 250 |
| PAGEIND | 44447.7 | 45500 |
| PEL | 1054.95 | 1060 |
| PERSISTENT | 5725.5 | 5600 |
| PETRONET | 321.85 | 328 |
| PFC | 453.35 | 460 |
| PIDILITIND | 2938.05 | 3060 |
| PIIND | 4138.7 | 4200 |
| PNB | 96.37 | 102 |
| POLYCAB | 6408.35 | 6500 |
| POWERGRID | 325.9 | 320 |
| PVRINOX | 1445.2 | 1480 |
| RAMCOCEM | 914.95 | 900 |
| RBLBANK | 156.23 | 160 |
| RECLTD | 490.95 | 510 |
| RELIANCE | 1223 | 1290 |
| SAIL | 110.59 | 117.5 |
| SBICARD | 675.05 | 690 |
| SBILIFE | 1477.95 | 1520 |
| SBIN | 780.75 | 800 |
| SHREECEM | 24052.85 | 24500 |
| SHRIRAMFIN | 2802.2 | 2900 |
| SIEMENS | 6641.65 | 6800 |
| SRF | 2143.65 | 2260 |
| SUNPHARMA | 1780 | 1800 |
| SUNTV | 728.05 | 730 |
| SYNGENE | 846.9 | 870 |
| TATACHEM | 1045.1 | 1100 |
| TATACOMM | 1711.55 | 1780 |
| TATACONSUM | 911.7 | 950 |
| TATAMOTORS | 773.85 | 800 |
| TATAPOWER | 408.05 | 420 |
| TATASTEEL | 140.22 | 145 |
| TCS | 4072.85 | 4100 |
| TECHM | 1702.25 | 1680 |
| TITAN | 3178.45 | 3200 |
| TORNTPHARM | 3101.95 | 3150 |
| TRENT | 6460.45 | 6600 |
| TVSMOTOR | 2388.45 | 2450 |
| UBL | 1827.95 | 1880 |
| ULTRACEMCO | 10954.85 | 11000 |
| UNITDSPR | 1493.05 | 1480 |
| UPL | 555.75 | 540 |
| VEDL | 442.8 | 460 |
| VOLTAS | 1675.5 | 1700 |
| WIPRO | 557.15 | 560 |
| ZYDUSLIFE | 944.05 | 980 |
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.
