BSE
Bse Limited
Max pain for BSE
21 Mar 2025 12:54 PM IST
Max Pain for BSE is 4500
Strike 3400 has a total call value of 0 versus a total put value of 430,903,750,000 Combined total value = 430,903,750,000
Strike 3500 has a total call value of 0 versus a total put value of 388,971,250,000 Combined total value = 388,971,250,000
Strike 3600 has a total call value of 0 versus a total put value of 347,038,750,000 Combined total value = 347,038,750,000
Strike 3700 has a total call value of 0 versus a total put value of 308,371,250,000 Combined total value = 308,371,250,000
Strike 3800 has a total call value of 123,750,000 versus a total put value of 270,355,000,000 Combined total value = 270,478,750,000
Strike 3900 has a total call value of 481,250,000 versus a total put value of 234,033,750,000 Combined total value = 234,515,000,000
Strike 4000 has a total call value of 1,057,500,000 versus a total put value of 198,625,000,000 Combined total value = 199,682,500,000
Strike 4100 has a total call value of 3,811,250,000 versus a total put value of 166,171,250,000 Combined total value = 169,982,500,000
Strike 4200 has a total call value of 8,775,000,000 versus a total put value of 137,770,000,000 Combined total value = 146,545,000,000
Strike 4300 has a total call value of 16,696,250,000 versus a total put value of 112,080,000,000 Combined total value = 128,776,250,000
Strike 4400 has a total call value of 27,582,500,000 versus a total put value of 89,882,500,000 Combined total value = 117,465,000,000
Strike 4500 has a total call value of 41,235,000,000 versus a total put value of 72,535,000,000 Combined total value = 113,770,000,000
Strike 4600 has a total call value of 57,700,000,000 versus a total put value of 59,988,750,000 Combined total value = 117,688,750,000
Strike 4700 has a total call value of 76,983,750,000 versus a total put value of 49,773,750,000 Combined total value = 126,757,500,000
Strike 4800 has a total call value of 100,050,000,000 versus a total put value of 40,438,750,000 Combined total value = 140,488,750,000
Strike 4900 has a total call value of 126,382,500,000 versus a total put value of 31,635,000,000 Combined total value = 158,017,500,000
Strike 5000 has a total call value of 156,531,250,000 versus a total put value of 23,245,000,000 Combined total value = 179,776,250,000
Strike 5100 has a total call value of 194,037,500,000 versus a total put value of 16,242,500,000 Combined total value = 210,280,000,000
Strike 5200 has a total call value of 234,951,250,000 versus a total put value of 10,296,250,000 Combined total value = 245,247,500,000
Strike 5300 has a total call value of 281,195,000,000 versus a total put value of 6,088,750,000 Combined total value = 287,283,750,000
Strike 5400 has a total call value of 330,507,500,000 versus a total put value of 3,646,250,000 Combined total value = 334,153,750,000
Strike 5500 has a total call value of 382,152,500,000 versus a total put value of 1,971,250,000 Combined total value = 384,123,750,000
Strike 5600 has a total call value of 439,288,750,000 versus a total put value of 1,376,250,000 Combined total value = 440,665,000,000
Strike 5700 has a total call value of 499,113,750,000 versus a total put value of 1,000,000,000 Combined total value = 500,113,750,000
Strike 5800 has a total call value of 562,732,500,000 versus a total put value of 742,500,000 Combined total value = 563,475,000,000
Strike 5900 has a total call value of 628,383,750,000 versus a total put value of 485,000,000 Combined total value = 628,868,750,000
Strike 6000 has a total call value of 694,853,750,000 versus a total put value of 306,250,000 Combined total value = 695,160,000,000
Strike 6100 has a total call value of 766,063,750,000 versus a total put value of 245,000,000 Combined total value = 766,308,750,000
Strike 6200 has a total call value of 837,727,500,000 versus a total put value of 183,750,000 Combined total value = 837,911,250,000
Strike 6300 has a total call value of 909,998,750,000 versus a total put value of 122,500,000 Combined total value = 910,121,250,000
Strike 6400 has a total call value of 982,395,000,000 versus a total put value of 61,250,000 Combined total value = 982,456,250,000
Strike 6500 has a total call value of 1,055,040,000,000 versus a total put value of 0 Combined total value = 1,055,040,000,000
Strike 6600 has a total call value of 1,128,580,000,000 versus a total put value of 0 Combined total value = 1,128,580,000,000
Strike 6700 has a total call value of 1,202,306,250,000 versus a total put value of 0 Combined total value = 1,202,306,250,000
Strike 6800 has a total call value of 1,276,160,000,000 versus a total put value of 0 Combined total value = 1,276,160,000,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 407.05 | 400 |
| ABB | 5543 | 5400 |
| ABCAPITAL | 184.26 | 175 |
| ABFRL | 255 | 250 |
| ACC | 1913.45 | 1920 |
| ADANIENSOL | 838.2 | 780 |
| ADANIENT | 2380.45 | 2380 |
| ADANIGREEN | 958.55 | 900 |
| ADANIPORTS | 1196 | 1160 |
| ALKEM | 4978.3 | 4800 |
| AMBUJACEM | 512.15 | 510 |
| ANGELONE | 2326 | 2100 |
| APLAPOLLO | 1504.8 | 1460 |
| APOLLOHOSP | 6620.95 | 6450 |
| APOLLOTYRE | 427.45 | 420 |
| ASHOKLEY | 210.66 | 210 |
| ASIANPAINT | 2309.45 | 2260 |
| ASTRAL | 1289.85 | 1300 |
| ATGL | 628.1 | 600 |
| AUBANK | 537.8 | 525 |
| AUROPHARMA | 1191.3 | 1160 |
| AXISBANK | 1066.55 | 1040 |
| BAJAJ-AUTO | 8065 | 7900 |
| BAJAJFINSV | 1838.25 | 1840 |
| BAJFINANCE | 8975.15 | 8700 |
| BALKRISIND | 2616.35 | 2580 |
| BANDHANBNK | 143.89 | 145 |
| BANKBARODA | 216.3 | 215 |
| BANKINDIA | 104.61 | 100 |
| BEL | 296.91 | 285 |
| BERGEPAINT | 500.35 | 500 |
| BHARATFORG | 1175.75 | 1120 |
| BHARTIARTL | 1712.55 | 1680 |
| BHEL | 212.33 | 205 |
| BIOCON | 345.75 | 330 |
| BOSCHLTD | 27763.35 | 28000 |
| BPCL | 280.69 | 270 |
| BRITANNIA | 4826.85 | 4750 |
| BSE | 4664.5 | 4500 |
| BSOFT | 408.15 | 410 |
| CAMS | 3833 | 3600 |
| CANBK | 87.72 | 86 |
| CDSL | 1215.3 | 1160 |
| CESC | 150.9 | 145 |
| CGPOWER | 640.65 | 620 |
| CHAMBLFERT | 595.5 | 580 |
| CHOLAFIN | 1533.95 | 1480 |
| CIPLA | 1523.85 | 1480 |
| COALINDIA | 408.1 | 395 |
| COFORGE | 7783.35 | 7500 |
| COLPAL | 2395 | 2460 |
| CONCOR | 693.5 | 680 |
| CROMPTON | 364.85 | 355 |
| CUMMINSIND | 2971.3 | 2900 |
| CYIENT | 1330.25 | 1260 |
| DABUR | 506.8 | 500 |
| DALBHARAT | 1711.95 | 1700 |
| DEEPAKNTR | 2038.5 | 1950 |
| DELHIVERY | 264.81 | 260 |
| DIVISLAB | 5799.6 | 5750 |
| DIXON | 14060.6 | 13750 |
| DLF | 703.15 | 690 |
| DMART | 3933.35 | 3800 |
| DRREDDY | 1198.45 | 1150 |
| EICHERMOT | 5321.15 | 5100 |
| ESCORTS | 3192.6 | 3100 |
| EXIDEIND | 360.55 | 360 |
| FEDERALBNK | 187.35 | 185 |
| GAIL | 175.26 | 170 |
| GLENMARK | 1505.1 | 1440 |
| GMRAIRPORT | 77.39 | 75 |
| GODREJCP | 1112.35 | 1070 |
| GODREJPROP | 2164.25 | 2100 |
| GRANULES | 506 | 500 |
| GRASIM | 2504.1 | 2420 |
| HAL | 3895.6 | 3700 |
| HAVELLS | 1490.1 | 1500 |
| HCLTECH | 1586.2 | 1580 |
| HDFCAMC | 3991.15 | 3900 |
| HDFCBANK | 1763.3 | 1760 |
| HDFCLIFE | 675.2 | 640 |
| HEROMOTOCO | 3661 | 3650 |
| HFCL | 83.67 | 82.5 |
| HINDALCO | 701.8 | 680 |
| HINDCOPPER | 232.02 | 220 |
| HINDPETRO | 349.1 | 330 |
| HINDUNILVR | 2247.6 | 2260 |
| HUDCO | 203.2 | 195 |
| ICICIBANK | 1344.55 | 1300 |
| ICICIGI | 1717.2 | 1700 |
| ICICIPRULI | 579.95 | 570 |
| IDEA | 7.51 | 8 |
| IDFCFIRSTB | 56.1 | 57 |
| IEX | 171.7 | 167.5 |
| IGL | 197.82 | 192.5 |
| IIFL | 333.8 | 320 |
| INDHOTEL | 824.35 | 790 |
| INDIANB | 539.5 | 510 |
| INDIGO | 5064.15 | 4900 |
| INDUSINDBK | 674.7 | 750 |
| INDUSTOWER | 345.65 | 340 |
| INFY | 1597 | 1620 |
| IOC | 131.69 | 127.5 |
| IRB | 47.07 | 45 |
| IRCTC | 723.5 | 720 |
| IREDA | 154.8 | 145 |
| IRFC | 129.41 | 125 |
| ITC | 404.5 | 405 |
| JINDALSTEL | 920 | 900 |
| JIOFIN | 230.02 | 225 |
| JKCEMENT | 4834.65 | 4550 |
| JSL | 633.4 | 640 |
| JSWENERGY | 562.35 | 530 |
| JSWSTEEL | 1058.95 | 1030 |
| JUBLFOOD | 628.85 | 630 |
| KALYANKJIL | 475.25 | 440 |
| KEI | 2892.2 | 2900 |
| KOTAKBANK | 2080.9 | 2020 |
| KPITTECH | 1310.6 | 1280 |
| LAURUSLABS | 614.8 | 580 |
| LICHSGFIN | 569.25 | 540 |
| LICI | 791.35 | 780 |
| LODHA | 1175.15 | 1160 |
| LT | 3444.2 | 3300 |
| LTF | 155 | 150 |
| LTIM | 4508.6 | 4500 |
| LTTS | 4670.35 | 4600 |
| LUPIN | 2092 | 2040 |
| M&M | 2871.15 | 2750 |
| M&MFIN | 288.35 | 280 |
| MANAPPURAM | 244.2 | 205 |
| MARICO | 632.4 | 620 |
| MARUTI | 11900.45 | 11800 |
| MAXHEALTH | 1182.05 | 1140 |
| MCX | 5461.9 | 5300 |
| MFSL | 1133.5 | 1100 |
| MGL | 1374.95 | 1340 |
| MOTHERSON | 132.69 | 130 |
| MPHASIS | 2410 | 2350 |
| MRF | 112271 | 109000 |
| MUTHOOTFIN | 2373.6 | 2340 |
| NATIONALUM | 184.39 | 190 |
| NAUKRI | 6930.85 | 6800 |
| NBCC | 83.62 | 80 |
| NCC | 204.31 | 195 |
| NESTLEIND | 2272.9 | 2240 |
| NHPC | 83.92 | 80 |
| NMDC | 67.15 | 68 |
| NTPC | 350.75 | 340 |
| NYKAA | 173.97 | 170 |
| OBEROIRLTY | 1652.9 | 1600 |
| OFSS | 7653.3 | 7750 |
| OIL | 396.4 | 380 |
| ONGC | 242.02 | 232.5 |
| PAGEIND | 41925 | 41000 |
| PATANJALI | 1754.05 | 1740 |
| PAYTM | 751.4 | 720 |
| PEL | 987.5 | 960 |
| PERSISTENT | 5293.9 | 5300 |
| PETRONET | 301.75 | 295 |
| PFC | 410.5 | 400 |
| PHOENIXLTD | 1669.3 | 1600 |
| PIDILITIND | 2827.45 | 2760 |
| PIIND | 3474.3 | 3300 |
| PNB | 92.59 | 91 |
| POLICYBZR | 1578.3 | 1500 |
| POLYCAB | 5066.5 | 5000 |
| POONAWALLA | 331.65 | 300 |
| POWERGRID | 283.65 | 275 |
| PRESTIGE | 1236.25 | 1150 |
| RAMCOCEM | 850.35 | 840 |
| RBLBANK | 167.38 | 165 |
| RECLTD | 435.45 | 420 |
| RELIANCE | 1279.25 | 1250 |
| SAIL | 115.73 | 110 |
| SBICARD | 858 | 845 |
| SBILIFE | 1540.45 | 1480 |
| SBIN | 752.7 | 740 |
| SHREECEM | 29288.25 | 28250 |
| SHRIRAMFIN | 672.95 | 650 |
| SIEMENS | 5303.45 | 5000 |
| SJVN | 95.67 | 90 |
| SOLARINDS | 10499.2 | 10000 |
| SONACOMS | 511 | 500 |
| SRF | 3027.95 | 2900 |
| SUNPHARMA | 1778.5 | 1680 |
| SUPREMEIND | 3454 | 3500 |
| SYNGENE | 707.5 | 690 |
| TATACHEM | 853.8 | 840 |
| TATACOMM | 1616.45 | 1540 |
| TATACONSUM | 967.6 | 970 |
| TATAELXSI | 5494.9 | 5400 |
| TATAMOTORS | 704.75 | 680 |
| TATAPOWER | 377.1 | 375 |
| TATASTEEL | 158.55 | 153 |
| TATATECH | 696.3 | 670 |
| TCS | 3606.95 | 3600 |
| TECHM | 1418.6 | 1440 |
| TIINDIA | 2892.3 | 2800 |
| TITAGARH | 787.65 | 740 |
| TITAN | 3175 | 3150 |
| TORNTPHARM | 3264 | 3150 |
| TORNTPOWER | 1491.4 | 1400 |
| TRENT | 5190.9 | 5100 |
| TVSMOTOR | 2446.8 | 2360 |
| ULTRACEMCO | 11017.8 | 10600 |
| UNIONBANK | 120.05 | 119 |
| UNITDSPR | 1395.85 | 1320 |
| UPL | 666.4 | 640 |
| USDINR | 86.145 | 77.25 |
| VBL | 546.7 | 520 |
| VEDL | 465.8 | 450 |
| VOLTAS | 1429.3 | 1420 |
| WIPRO | 268.25 | 270 |
| YESBANK | 17.08 | 17 |
| ZOMATO | 225.6 | 220 |
| ZYDUSLIFE | 925.35 | 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.
