BHARATFORG
Bharat Forge Ltd
Max pain for BHARATFORG
20 Dec 2024 04:12 PM IST
Max Pain for BHARATFORG is 1340
Strike 1080 has a total call value of 0 versus a total put value of 52,678,000,000 Combined total value = 52,678,000,000
Strike 1100 has a total call value of 0 versus a total put value of 48,350,000,000 Combined total value = 48,350,000,000
Strike 1120 has a total call value of 0 versus a total put value of 44,022,000,000 Combined total value = 44,022,000,000
Strike 1140 has a total call value of 0 versus a total put value of 39,694,000,000 Combined total value = 39,694,000,000
Strike 1160 has a total call value of 0 versus a total put value of 35,416,000,000 Combined total value = 35,416,000,000
Strike 1180 has a total call value of 0 versus a total put value of 31,249,000,000 Combined total value = 31,249,000,000
Strike 1200 has a total call value of 0 versus a total put value of 27,144,000,000 Combined total value = 27,144,000,000
Strike 1220 has a total call value of 11,000,000 versus a total put value of 23,311,000,000 Combined total value = 23,322,000,000
Strike 1240 has a total call value of 22,000,000 versus a total put value of 19,556,000,000 Combined total value = 19,578,000,000
Strike 1260 has a total call value of 33,000,000 versus a total put value of 16,011,000,000 Combined total value = 16,044,000,000
Strike 1280 has a total call value of 73,000,000 versus a total put value of 12,725,000,000 Combined total value = 12,798,000,000
Strike 1300 has a total call value of 244,000,000 versus a total put value of 9,672,000,000 Combined total value = 9,916,000,000
Strike 1320 has a total call value of 1,013,000,000 versus a total put value of 7,199,000,000 Combined total value = 8,212,000,000
Strike 1340 has a total call value of 2,455,000,000 versus a total put value of 5,199,000,000 Combined total value = 7,654,000,000
Strike 1360 has a total call value of 5,048,000,000 versus a total put value of 3,802,000,000 Combined total value = 8,850,000,000
Strike 1380 has a total call value of 9,524,000,000 versus a total put value of 2,802,000,000 Combined total value = 12,326,000,000
Strike 1400 has a total call value of 15,356,000,000 versus a total put value of 2,082,000,000 Combined total value = 17,438,000,000
Strike 1420 has a total call value of 22,909,000,000 versus a total put value of 1,738,000,000 Combined total value = 24,647,000,000
Strike 1440 has a total call value of 31,036,000,000 versus a total put value of 1,462,000,000 Combined total value = 32,498,000,000
Strike 1460 has a total call value of 39,722,000,000 versus a total put value of 1,237,000,000 Combined total value = 40,959,000,000
Strike 1480 has a total call value of 48,603,000,000 versus a total put value of 1,012,000,000 Combined total value = 49,615,000,000
Strike 1500 has a total call value of 57,666,000,000 versus a total put value of 787,000,000 Combined total value = 58,453,000,000
Strike 1520 has a total call value of 67,226,000,000 versus a total put value of 655,000,000 Combined total value = 67,881,000,000
Strike 1540 has a total call value of 76,786,000,000 versus a total put value of 523,000,000 Combined total value = 77,309,000,000
Strike 1560 has a total call value of 86,586,000,000 versus a total put value of 392,000,000 Combined total value = 86,978,000,000
Strike 1580 has a total call value of 96,435,000,000 versus a total put value of 266,000,000 Combined total value = 96,701,000,000
Strike 1600 has a total call value of 106,284,000,000 versus a total put value of 140,000,000 Combined total value = 106,424,000,000
Strike 1620 has a total call value of 116,337,000,000 versus a total put value of 80,000,000 Combined total value = 116,417,000,000
Strike 1640 has a total call value of 126,390,000,000 versus a total put value of 20,000,000 Combined total value = 126,410,000,000
Strike 1660 has a total call value of 136,443,000,000 versus a total put value of 15,000,000 Combined total value = 136,458,000,000
Strike 1680 has a total call value of 146,496,000,000 versus a total put value of 10,000,000 Combined total value = 146,506,000,000
Strike 1700 has a total call value of 156,549,000,000 versus a total put value of 5,000,000 Combined total value = 156,554,000,000
Strike 1720 has a total call value of 166,602,000,000 versus a total put value of 0 Combined total value = 166,602,000,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 403.85 | 450 |
| ABB | 6921.25 | 7300 |
| ABBOTINDIA | 28655.35 | 28000 |
| ABCAPITAL | 186.21 | 200 |
| ABFRL | 282.2 | 300 |
| ACC | 2063.65 | 2260 |
| ADANIENSOL | 767.55 | 800 |
| ADANIENT | 2344.95 | 2500 |
| ADANIGREEN | 1034.35 | 1120 |
| ADANIPORTS | 1182.45 | 1240 |
| ALKEM | 5427.5 | 5500 |
| AMBUJACEM | 548.8 | 560 |
| ANGELONE | 2881.7 | 3100 |
| APLAPOLLO | 1559 | 1600 |
| APOLLOHOSP | 7251.7 | 7200 |
| APOLLOTYRE | 531.95 | 530 |
| ASHOKLEY | 217.28 | 225 |
| ASIANPAINT | 2282.35 | 2400 |
| ASTRAL | 1734.6 | 1820 |
| ATGL | 674.35 | 720 |
| ATUL | 7023.15 | 7300 |
| AUBANK | 537.6 | 570 |
| AUROPHARMA | 1241.7 | 1240 |
| AXISBANK | 1071.85 | 1120 |
| BAJAJ-AUTO | 8787.25 | 9000 |
| BAJAJFINSV | 1569.65 | 1640 |
| BAJFINANCE | 6848.25 | 7000 |
| BALKRISIND | 2790.05 | 2800 |
| BANDHANBNK | 159.05 | 170 |
| BANKBARODA | 240.59 | 250 |
| BANKINDIA | 103.03 | 110 |
| BATAINDIA | 1342.25 | 1400 |
| BEL | 290.85 | 310 |
| BERGEPAINT | 444.8 | 465 |
| BHARATFORG | 1278.9 | 1340 |
| BHARTIARTL | 1578.1 | 1600 |
| BHEL | 235.3 | 250 |
| BIOCON | 335.95 | 355 |
| BOSCHLTD | 34576.95 | 35000 |
| BPCL | 289.05 | 295 |
| BRITANNIA | 4698.1 | 4800 |
| BSE | 5542.85 | 5300 |
| BSOFT | 577 | 600 |
| CAMS | 4951 | 5100 |
| CANBK | 99.61 | 104 |
| CANFINHOME | 747.7 | 790 |
| CDSL | 1860.75 | 1860 |
| CESC | 182.74 | 190 |
| CGPOWER | 730.05 | 760 |
| CHAMBLFERT | 509.15 | 520 |
| CHOLAFIN | 1189.55 | 1260 |
| CIPLA | 1472.05 | 1480 |
| COALINDIA | 382 | 414.25 |
| COFORGE | 9370.45 | 9200 |
| COLPAL | 2750.85 | 2850 |
| CONCOR | 767.95 | 830 |
| COROMANDEL | 1839.3 | 1800 |
| CROMPTON | 388.25 | 405 |
| CUB | 175.42 | 180 |
| CUMMINSIND | 3312.9 | 3450 |
| CYIENT | 1924.4 | 2000 |
| DABUR | 502.55 | 510 |
| DALBHARAT | 1801.9 | 1880 |
| DEEPAKNTR | 2596.85 | 2700 |
| DELHIVERY | 349.6 | 365 |
| DIVISLAB | 5846.75 | 6000 |
| DIXON | 17944.9 | 18000 |
| DLF | 830.7 | 850 |
| DMART | 3408.3 | 3600 |
| DRREDDY | 1343.65 | 1300 |
| EICHERMOT | 4734.5 | 4800 |
| ESCORTS | 3162.05 | 3350 |
| EXIDEIND | 426.3 | 450 |
| FEDERALBNK | 194.46 | 205 |
| GAIL | 192.42 | 200 |
| GLENMARK | 1541.65 | 1520 |
| GMRAIRPORT | 78.82 | 85 |
| GMRINFRA | 0 | 36 |
| GNFC | 583.8 | 610 |
| GODREJCP | 1069.6 | 1120 |
| GODREJPROP | 2855.95 | 2900 |
| GRANULES | 592.4 | 580 |
| GRASIM | 2488.7 | 2620 |
| GUJGASLTD | 499.8 | 500 |
| HAL | 4190.2 | 4500 |
| HAVELLS | 1657.4 | 1720 |
| HCLTECH | 1911.35 | 1900 |
| HDFCAMC | 4262.8 | 4400 |
| HDFCBANK | 1771.5 | 1800 |
| HDFCLIFE | 623.8 | 640 |
| HEROMOTOCO | 4339.95 | 4600 |
| HFCL | 113.35 | 120 |
| HINDALCO | 622.65 | 650 |
| HINDCOPPER | 271.5 | 290 |
| HINDPETRO | 399.5 | 400 |
| HINDUNILVR | 2333.9 | 2400 |
| HUDCO | 242.11 | 245 |
| ICICIBANK | 1288.4 | 1300 |
| ICICIGI | 1902.15 | 1920 |
| ICICIPRULI | 653.9 | 670 |
| IDEA | 7.4 | 8 |
| IDFCFIRSTB | 61.68 | 65 |
| IEX | 177.45 | 182.5 |
| IGL | 388.3 | 370 |
| INDHOTEL | 854.1 | 850 |
| INDIAMART | 2249.95 | 2350 |
| INDIANB | 537.15 | 580 |
| INDIGO | 4395.6 | 4400 |
| INDUSINDBK | 929.45 | 980 |
| INDUSTOWER | 337.1 | 350 |
| INFY | 1922.15 | 1920 |
| IOC | 137.08 | 142.5 |
| IPCALAB | 1582.5 | 1560 |
| IRB | 55.09 | 57 |
| IRCTC | 784.25 | 830 |
| IRFC | 148.41 | 155 |
| ITC | 464.65 | 470 |
| JINDALSTEL | 908.05 | 940 |
| JIOFIN | 304.3 | 325 |
| JKCEMENT | 4517.8 | 4600 |
| JSL | 719.8 | 730 |
| JSWENERGY | 669.8 | 660 |
| JSWSTEEL | 917.35 | 950 |
| JUBLFOOD | 672.7 | 670 |
| KALYANKJIL | 719.2 | 740 |
| KEI | 4166.25 | 4400 |
| KOTAKBANK | 1743.55 | 1780 |
| KPITTECH | 1451.25 | 1500 |
| LALPATHLAB | 2946.25 | 3050 |
| LAURUSLABS | 559.2 | 570 |
| LICHSGFIN | 582.25 | 620 |
| LICI | 901.7 | 940 |
| LODHA | 1400.7 | 1440 |
| LT | 3629.85 | 3750 |
| LTF | 136.48 | 145 |
| LTIM | 5824.3 | 6150 |
| LTTS | 4828.5 | 5200 |
| LUPIN | 2150.7 | 2100 |
| M&M | 2906.35 | 3000 |
| M&MFIN | 266.05 | 275 |
| MANAPPURAM | 181.03 | 180 |
| MARICO | 627.95 | 630 |
| MARUTI | 10901.05 | 11100 |
| MAXHEALTH | 1165.2 | 1140 |
| MCX | 6397.4 | 6500 |
| METROPOLIS | 2058.05 | 2120 |
| MFSL | 1109.2 | 1140 |
| MGL | 1215.3 | 1260 |
| MOTHERSON | 156.06 | 165 |
| MPHASIS | 2950.6 | 3100 |
| MRF | 128057.9 | 130000 |
| MUTHOOTFIN | 2075.65 | 2060 |
| NATIONALUM | 215.36 | 232.5 |
| NAUKRI | 8494.95 | 8600 |
| NAVINFLUOR | 3305.85 | 3500 |
| NCC | 287.55 | 300 |
| NESTLEIND | 2163.5 | 2220 |
| NHPC | 81.47 | 85 |
| NMDC | 213.15 | 230 |
| NTPC | 333.25 | 350 |
| NYKAA | 167.33 | 170 |
| OBEROIRLTY | 2247.8 | 2200 |
| OFSS | 12247.55 | 12500 |
| OIL | 421.8 | 450 |
| ONGC | 237.1 | 250 |
| PAGEIND | 48856.35 | 48500 |
| PAYTM | 945.25 | 980 |
| PEL | 1093.7 | 1160 |
| PERSISTENT | 6368.7 | 6400 |
| PETRONET | 336.45 | 340 |
| PFC | 453.3 | 480 |
| PIDILITIND | 2976.8 | 3080 |
| PIIND | 3813.75 | 4000 |
| PNB | 100.77 | 105 |
| POLICYBZR | 2092.15 | 2000 |
| POLYCAB | 7178.25 | 7300 |
| POONAWALLA | 318.85 | 340 |
| POWERGRID | 315.8 | 325 |
| PRESTIGE | 1794.5 | 1800 |
| PVRINOX | 1382.1 | 1520 |
| RAMCOCEM | 986.1 | 1010 |
| RBLBANK | 152.79 | 160 |
| RECLTD | 513.25 | 530 |
| RELIANCE | 1205.3 | 1280 |
| SAIL | 116.1 | 125 |
| SBICARD | 687 | 710 |
| SBILIFE | 1400.6 | 1420 |
| SBIN | 812 | 840 |
| SHREECEM | 27063.5 | 27000 |
| SHRIRAMFIN | 2877.25 | 3000 |
| SIEMENS | 6868.9 | 7300 |
| SJVN | 111.54 | 117.5 |
| SONACOMS | 588.45 | 620 |
| SRF | 2277.6 | 2300 |
| SUNPHARMA | 1808.85 | 1800 |
| SUNTV | 696.85 | 730 |
| SUPREMEIND | 4839.8 | 4900 |
| SYNGENE | 844 | 860 |
| TATACHEM | 1028.85 | 1080 |
| TATACOMM | 1710.45 | 1800 |
| TATACONSUM | 889.45 | 930 |
| TATAELXSI | 6921.6 | 7200 |
| TATAMOTORS | 724.05 | 770 |
| TATAPOWER | 401.1 | 420 |
| TATASTEEL | 140.68 | 147.5 |
| TCS | 4170.3 | 4300 |
| TECHM | 1686.05 | 1740 |
| TIINDIA | 3619.1 | 3700 |
| TITAN | 3356.25 | 3400 |
| TORNTPHARM | 3437 | 3400 |
| TRENT | 6831.55 | 6900 |
| TVSMOTOR | 2391.65 | 2500 |
| UBL | 2025.35 | 2000 |
| ULTRACEMCO | 11422.8 | 11500 |
| UNIONBANK | 116.78 | 125 |
| UNITDSPR | 1544.8 | 1540 |
| UPL | 504.5 | 537.2 |
| VBL | 612.55 | 630 |
| VEDL | 477.25 | 490 |
| VOLTAS | 1686.5 | 1740 |
| WIPRO | 305.2 | 302.5 |
| YESBANK | 19.83 | 21 |
| ZOMATO | 282.1 | 285 |
| ZYDUSLIFE | 973.5 | 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.
