BSE
Bse Limited
Max pain for BSE
11 Jul 2025 04:13 PM IST
Max Pain for BSE is 2600
Strike 1500 has a total call value of 0 versus a total put value of 1,096,300,477,500 Combined total value = 1,096,300,477,500
Strike 1600 has a total call value of 0 versus a total put value of 981,794,227,500 Combined total value = 981,794,227,500
Strike 1700 has a total call value of 0 versus a total put value of 867,287,977,500 Combined total value = 867,287,977,500
Strike 1750 has a total call value of 0 versus a total put value of 810,034,852,500 Combined total value = 810,034,852,500
Strike 1800 has a total call value of 0 versus a total put value of 752,781,727,500 Combined total value = 752,781,727,500
Strike 1850 has a total call value of 0 versus a total put value of 695,528,602,500 Combined total value = 695,528,602,500
Strike 1900 has a total call value of 0 versus a total put value of 638,275,477,500 Combined total value = 638,275,477,500
Strike 1950 has a total call value of 0 versus a total put value of 581,022,352,500 Combined total value = 581,022,352,500
Strike 2000 has a total call value of 0 versus a total put value of 523,769,227,500 Combined total value = 523,769,227,500
Strike 2050 has a total call value of 0 versus a total put value of 471,171,727,500 Combined total value = 471,171,727,500
Strike 2100 has a total call value of 0 versus a total put value of 418,574,227,500 Combined total value = 418,574,227,500
Strike 2150 has a total call value of 7,500,000 versus a total put value of 367,058,602,500 Combined total value = 367,066,102,500
Strike 2166.65 has a total call value of 31,226,250 versus a total put value of 350,621,930,625 Combined total value = 350,653,156,875
Strike 2200 has a total call value of 110,015,625 versus a total put value of 317,994,375,000 Combined total value = 318,104,390,625
Strike 2250 has a total call value of 436,265,625 versus a total put value of 274,201,875,000 Combined total value = 274,638,140,625
Strike 2300 has a total call value of 856,265,625 versus a total put value of 231,232,500,000 Combined total value = 232,088,765,625
Strike 2350 has a total call value of 1,722,515,625 versus a total put value of 193,149,375,000 Combined total value = 194,871,890,625
Strike 2400 has a total call value of 3,207,515,625 versus a total put value of 156,639,375,000 Combined total value = 159,846,890,625
Strike 2450 has a total call value of 7,771,265,625 versus a total put value of 126,378,750,000 Combined total value = 134,150,015,625
Strike 2500 has a total call value of 14,438,765,625 versus a total put value of 98,595,000,000 Combined total value = 113,033,765,625
Strike 2550 has a total call value of 28,915,640,625 versus a total put value of 78,108,750,000 Combined total value = 107,024,390,625
Strike 2600 has a total call value of 47,076,890,625 versus a total put value of 58,777,500,000 Combined total value = 105,854,390,625
Strike 2650 has a total call value of 74,571,890,625 versus a total put value of 43,106,250,000 Combined total value = 117,678,140,625
Strike 2666.65 has a total call value of 85,401,675,000 versus a total put value of 38,352,258,750 Combined total value = 123,753,933,750
Strike 2700 has a total call value of 107,614,025,625 versus a total put value of 28,830,000,000 Combined total value = 136,444,025,625
Strike 2750 has a total call value of 153,193,400,625 versus a total put value of 18,313,125,000 Combined total value = 171,506,525,625
Strike 2800 has a total call value of 202,925,900,625 versus a total put value of 9,830,625,000 Combined total value = 212,756,525,625
Strike 2850 has a total call value of 266,660,900,625 versus a total put value of 6,181,875,000 Combined total value = 272,842,775,625
Strike 2900 has a total call value of 334,985,900,625 versus a total put value of 3,688,125,000 Combined total value = 338,674,025,625
Strike 2950 has a total call value of 410,347,775,625 versus a total put value of 1,961,250,000 Combined total value = 412,309,025,625
Strike 3000 has a total call value of 488,509,025,625 versus a total put value of 450,000,000 Combined total value = 488,959,025,625
Strike 3050 has a total call value of 583,490,900,625 versus a total put value of 170,625,000 Combined total value = 583,661,525,625
Strike 3100 has a total call value of 680,182,775,625 versus a total put value of 22,500,000 Combined total value = 680,205,275,625
Strike 3150 has a total call value of 781,320,275,625 versus a total put value of 18,750,000 Combined total value = 781,339,025,625
Strike 3200 has a total call value of 883,537,775,625 versus a total put value of 15,000,000 Combined total value = 883,552,775,625
Strike 3250 has a total call value of 989,368,400,625 versus a total put value of 11,250,000 Combined total value = 989,379,650,625
Strike 3300 has a total call value of 1,095,199,025,625 versus a total put value of 7,500,000 Combined total value = 1,095,206,525,625
Strike 3350 has a total call value of 1,202,325,275,625 versus a total put value of 3,750,000 Combined total value = 1,202,329,025,625
Strike 3400 has a total call value of 1,309,451,525,625 versus a total put value of 0 Combined total value = 1,309,451,525,625
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| 360ONE | 1191 | 1200 |
| AARTIIND | 441 | 460 |
| ABB | 5756.5 | 6000 |
| ABCAPITAL | 269 | 270 |
| ABFRL | 76.65 | 75 |
| ACC | 1982.5 | 1940 |
| ADANIENSOL | 870.7 | 880 |
| ADANIENT | 2558.7 | 2620 |
| ADANIGREEN | 994.5 | 1000 |
| ADANIPORTS | 1431.7 | 1420 |
| ALKEM | 4800 | 4850 |
| AMBER | 7466.5 | 7200 |
| AMBUJACEM | 584.15 | 590 |
| ANGELONE | 2678.9 | 2800 |
| APLAPOLLO | 1703 | 1740 |
| APOLLOHOSP | 7200 | 7350 |
| ASHOKLEY | 246.25 | 250 |
| ASIANPAINT | 2439.2 | 2400 |
| ASTRAL | 1475 | 1500 |
| ATGL | 643.75 | 670 |
| AUBANK | 821 | 815 |
| AUROPHARMA | 1125.7 | 1140 |
| AXISBANK | 1173.8 | 1180 |
| BAJAJ-AUTO | 8067 | 8390 |
| BAJAJFINSV | 2012.6 | 2020 |
| BAJFINANCE | 933.5 | 940 |
| BALKRISIND | 2659.6 | 2560 |
| BANDHANBNK | 175.59 | 180 |
| BANKBARODA | 236.95 | 240 |
| BANKINDIA | 114.24 | 115.95 |
| BDL | 1856.6 | 1900 |
| BEL | 409.3 | 415 |
| BHARATFORG | 1214.8 | 1280 |
| BHARTIARTL | 1925.7 | 1960 |
| BHEL | 257.75 | 260 |
| BIOCON | 373.35 | 365 |
| BLUESTARCO | 1800 | 1780 |
| BOSCHLTD | 36500 | 35000 |
| BPCL | 344.85 | 340 |
| BRITANNIA | 5752 | 5800 |
| BSE | 2371.1 | 2600 |
| BSOFT | 417.7 | 430 |
| CAMS | 4069.8 | 4200 |
| CANBK | 111.92 | 113 |
| CDSL | 1688.7 | 1760 |
| CESC | 174.81 | 172.5 |
| CGPOWER | 666.7 | 670 |
| CHAMBLFERT | 534.4 | 560 |
| CHOLAFIN | 1532.5 | 1560 |
| CIPLA | 1486 | 1500 |
| COALINDIA | 380.95 | 395 |
| COFORGE | 1862.3 | 1880 |
| COLPAL | 2376 | 2440 |
| CONCOR | 615.95 | 608 |
| CROMPTON | 335.65 | 350 |
| CUMMINSIND | 3546.4 | 3400 |
| CYIENT | 1271.3 | 1300 |
| DABUR | 535 | 510 |
| DALBHARAT | 2176.4 | 2180 |
| DELHIVERY | 411.25 | 400 |
| DIVISLAB | 6835 | 6800 |
| DIXON | 15786 | 15250 |
| DLF | 815.1 | 840 |
| DMART | 4069 | 4200 |
| DRREDDY | 1254.7 | 1280 |
| EICHERMOT | 5606.5 | 5700 |
| ETERNAL | 263.35 | 260 |
| EXIDEIND | 380.65 | 390 |
| FEDERALBNK | 207.38 | 210 |
| FORTIS | 761.5 | 780 |
| GAIL | 181.89 | 190 |
| GLENMARK | 2181.1 | 2000 |
| GMRAIRPORT | 90.36 | 90 |
| GODREJCP | 1288.2 | 1260 |
| GODREJPROP | 2206.3 | 2300 |
| GRANULES | 469 | 500 |
| GRASIM | 2769.9 | 2800 |
| HAL | 4866.1 | 4950 |
| HAVELLS | 1528 | 1560 |
| HCLTECH | 1638.3 | 1680 |
| HDFCAMC | 5090 | 5100 |
| HDFCBANK | 1983.7 | 2000 |
| HDFCLIFE | 757.75 | 780 |
| HEROMOTOCO | 4203 | 4250 |
| HFCL | 81.1 | 85 |
| HINDALCO | 670.95 | 680 |
| HINDCOPPER | 262.65 | 265 |
| HINDPETRO | 435.9 | 430 |
| HINDUNILVR | 2519.6 | 2440 |
| HINDZINC | 424.9 | 450 |
| HUDCO | 230.71 | 235 |
| ICICIBANK | 1422 | 1440 |
| ICICIGI | 2012.2 | 2000 |
| ICICIPRULI | 660.7 | 660 |
| IDEA | 7.17 | 7 |
| IDFCFIRSTB | 75.23 | 75 |
| IEX | 206.25 | 200 |
| IGL | 219 | 215 |
| IIFL | 519.75 | 490 |
| INDHOTEL | 734.5 | 750 |
| INDIANB | 631 | 630 |
| INDIGO | 5920 | 5800 |
| INDUSINDBK | 858.3 | 850 |
| INDUSTOWER | 404.4 | 405 |
| INFY | 1594.5 | 1600 |
| INOXWIND | 175.69 | 175 |
| IOC | 150.39 | 150 |
| IRB | 47.5 | 49 |
| IRCTC | 773.3 | 780 |
| IREDA | 160 | 165 |
| IRFC | 135.28 | 140 |
| ITC | 416.65 | 420 |
| JINDALSTEL | 938.4 | 950 |
| JIOFIN | 325.8 | 322.5 |
| JSL | 680.75 | 680 |
| JSWENERGY | 523.7 | 510 |
| JSWSTEEL | 1037.2 | 1030 |
| JUBLFOOD | 678.6 | 700 |
| KALYANKJIL | 582.1 | 570 |
| KAYNES | 5986.5 | 6000 |
| KEI | 3612.3 | 3800 |
| KFINTECH | 1273.1 | 1300 |
| KOTAKBANK | 2216 | 2200 |
| KPITTECH | 1266.5 | 1260 |
| LAURUSLABS | 790.2 | 760 |
| LICHSGFIN | 604.65 | 610 |
| LICI | 922.4 | 940 |
| LODHA | 1400.1 | 1400 |
| LT | 3540.6 | 3600 |
| LTF | 204.3 | 202.5 |
| LTIM | 5180 | 5300 |
| LUPIN | 1894.7 | 1920 |
| M&M | 3073.2 | 3150 |
| M&MFIN | 265.9 | 270 |
| MANAPPURAM | 262.9 | 270 |
| MANKIND | 2578.3 | 2500 |
| MARICO | 725.55 | 720 |
| MARUTI | 12574 | 12600 |
| MAXHEALTH | 1219.2 | 1260 |
| MAZDOCK | 3174.5 | 3300 |
| MCX | 8048 | 8500 |
| MFSL | 1567.2 | 1600 |
| MGL | 1486.2 | 1500 |
| MOTHERSON | 150.75 | 155 |
| MPHASIS | 2838.8 | 2803 |
| MUTHOOTFIN | 2640.6 | 2600 |
| NATIONALUM | 189 | 190 |
| NAUKRI | 1375.2 | 1440 |
| NBCC | 112.9 | 120 |
| NCC | 221.81 | 225 |
| NESTLEIND | 2404 | 2420 |
| NHPC | 88.05 | 86 |
| NMDC | 69.05 | 70 |
| NTPC | 342.7 | 340 |
| NYKAA | 217.22 | 210 |
| OBEROIRLTY | 1832.5 | 1900 |
| OFSS | 8636 | 9000 |
| OIL | 432.3 | 450 |
| ONGC | 241.76 | 242.5 |
| PAGEIND | 47795 | 48000 |
| PATANJALI | 1665.2 | 1660 |
| PAYTM | 951.15 | 920 |
| PEL | 1217.5 | 1180 |
| PERSISTENT | 5578.5 | 5800 |
| PETRONET | 299.55 | 305 |
| PFC | 430 | 420 |
| PGEL | 765.2 | 760 |
| PHOENIXLTD | 1488.9 | 1520 |
| PIDILITIND | 2998.2 | 3040 |
| PIIND | 4050.1 | 4100 |
| PNB | 110.21 | 110 |
| PNBHOUSING | 1076.8 | 1100 |
| POLICYBZR | 1784 | 1840 |
| POLYCAB | 6681 | 6600 |
| POONAWALLA | 452.85 | 455 |
| POWERGRID | 298.95 | 300 |
| PPLPHARMA | 200.98 | 200 |
| PRESTIGE | 1695 | 1680 |
| RBLBANK | 263 | 240 |
| RECLTD | 400.4 | 400 |
| RELIANCE | 1495.2 | 1500 |
| RVNL | 380.95 | 390 |
| SAIL | 133.57 | 135 |
| SBICARD | 912.8 | 930 |
| SBILIFE | 1835 | 1840 |
| SBIN | 808.65 | 810 |
| SHREECEM | 31160 | 31000 |
| SHRIRAMFIN | 667 | 680 |
| SIEMENS | 3110 | 3200 |
| SJVN | 97.83 | 99 |
| SOLARINDS | 15401 | 16000 |
| SONACOMS | 447.15 | 460 |
| SRF | 3167.5 | 3200 |
| SUNPHARMA | 1674.3 | 1680 |
| SUPREMEIND | 4114.2 | 4300 |
| SYNGENE | 626.15 | 640 |
| TATACHEM | 910.4 | 940 |
| TATACOMM | 1711.8 | 1740 |
| TATACONSUM | 1076.8 | 1100 |
| TATAELXSI | 6040 | 6000 |
| TATAMOTORS | 681.8 | 700 |
| TATAPOWER | 396.85 | 405 |
| TATASTEEL | 159.99 | 160 |
| TATATECH | 707.4 | 720 |
| TCS | 3266 | 3360 |
| TECHM | 1598.3 | 1610 |
| TIINDIA | 2869.8 | 2950 |
| TITAGARH | 930.65 | 940 |
| TITAN | 3361 | 3480 |
| TORNTPHARM | 3314.2 | 3350 |
| TORNTPOWER | 1408.1 | 1460 |
| TRENT | 5364 | 5600 |
| TVSMOTOR | 2752 | 2850 |
| ULTRACEMCO | 12495 | 12300 |
| UNIONBANK | 143.74 | 145 |
| UNITDSPR | 1357.6 | 1400 |
| UNOMINDA | 1068 | 1100 |
| UPL | 652.8 | 650 |
| VBL | 452.25 | 460 |
| VEDL | 441.6 | 450 |
| VOLTAS | 1369.5 | 1340 |
| WIPRO | 258.3 | 262.5 |
| YESBANK | 19.66 | 20 |
| ZYDUSLIFE | 979.6 | 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.
