BSE
Bse Limited
Max pain for BSE
12 Dec 2024 10:35 AM IST
Max Pain for BSE is 5200
Strike 4000 has a total call value of 0 versus a total put value of 274,353,750,000 Combined total value = 274,353,750,000
Strike 4100 has a total call value of 0 versus a total put value of 247,700,000,000 Combined total value = 247,700,000,000
Strike 4200 has a total call value of 0 versus a total put value of 221,066,250,000 Combined total value = 221,066,250,000
Strike 4300 has a total call value of 0 versus a total put value of 194,985,000,000 Combined total value = 194,985,000,000
Strike 4400 has a total call value of 0 versus a total put value of 169,331,250,000 Combined total value = 169,331,250,000
Strike 4500 has a total call value of 0 versus a total put value of 144,123,750,000 Combined total value = 144,123,750,000
Strike 4600 has a total call value of 977,500,000 versus a total put value of 121,438,750,000 Combined total value = 122,416,250,000
Strike 4700 has a total call value of 2,321,250,000 versus a total put value of 99,822,500,000 Combined total value = 102,143,750,000
Strike 4800 has a total call value of 4,513,750,000 versus a total put value of 79,693,750,000 Combined total value = 84,207,500,000
Strike 4900 has a total call value of 7,992,500,000 versus a total put value of 61,845,000,000 Combined total value = 69,837,500,000
Strike 5000 has a total call value of 12,920,000,000 versus a total put value of 46,435,000,000 Combined total value = 59,355,000,000
Strike 5100 has a total call value of 19,795,000,000 versus a total put value of 34,211,250,000 Combined total value = 54,006,250,000
Strike 5200 has a total call value of 27,597,500,000 versus a total put value of 23,438,750,000 Combined total value = 51,036,250,000
Strike 5300 has a total call value of 36,306,250,000 versus a total put value of 14,780,000,000 Combined total value = 51,086,250,000
Strike 5400 has a total call value of 45,622,500,000 versus a total put value of 8,130,000,000 Combined total value = 53,752,500,000
Strike 5500 has a total call value of 56,152,500,000 versus a total put value of 3,598,750,000 Combined total value = 59,751,250,000
Strike 5600 has a total call value of 68,995,000,000 versus a total put value of 1,197,500,000 Combined total value = 70,192,500,000
Strike 5700 has a total call value of 83,905,000,000 versus a total put value of 318,750,000 Combined total value = 84,223,750,000
Strike 5800 has a total call value of 101,791,250,000 versus a total put value of 127,500,000 Combined total value = 101,918,750,000
Strike 5900 has a total call value of 122,842,500,000 versus a total put value of 68,750,000 Combined total value = 122,911,250,000
Strike 6000 has a total call value of 145,062,500,000 versus a total put value of 10,000,000 Combined total value = 145,072,500,000
Strike 6100 has a total call value of 171,563,750,000 versus a total put value of 5,000,000 Combined total value = 171,568,750,000
Strike 6200 has a total call value of 198,303,750,000 versus a total put value of 0 Combined total value = 198,303,750,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 441.3 | 450 |
| ABB | 7681.15 | 7600 |
| ABBOTINDIA | 28821 | 28000 |
| ABCAPITAL | 199.62 | 200 |
| ABFRL | 305.45 | 310 |
| ACC | 2242.95 | 2260 |
| ADANIENSOL | 800.25 | 800 |
| ADANIENT | 2482.2 | 2500 |
| ADANIGREEN | 1191.55 | 1200 |
| ADANIPORTS | 1243.65 | 1240 |
| ALKEM | 5460.4 | 5500 |
| AMBUJACEM | 572.95 | 570 |
| ANGELONE | 3422.55 | 3300 |
| APLAPOLLO | 1601.5 | 1580 |
| APOLLOHOSP | 7232.05 | 7200 |
| APOLLOTYRE | 541.25 | 530 |
| ASHOKLEY | 230 | 230 |
| ASIANPAINT | 2396.65 | 2460 |
| ASTRAL | 1847.45 | 1860 |
| ATGL | 729.85 | 720 |
| ATUL | 7267.65 | 7400 |
| AUBANK | 593.6 | 590 |
| AUROPHARMA | 1223.1 | 1240 |
| AXISBANK | 1151.85 | 1160 |
| BAJAJ-AUTO | 9005.95 | 9100 |
| BAJAJFINSV | 1685 | 1660 |
| BAJFINANCE | 7128.95 | 7000 |
| BALKRISIND | 2801.15 | 2800 |
| BANDHANBNK | 172.44 | 175 |
| BANKBARODA | 258.5 | 260 |
| BANKINDIA | 112.95 | 115 |
| BATAINDIA | 1431.8 | 1430 |
| BEL | 315.2 | 310 |
| BERGEPAINT | 472.15 | 480 |
| BHARATFORG | 1363 | 1360 |
| BHARTIARTL | 1597.1 | 1600 |
| BHEL | 247.85 | 250 |
| BIOCON | 362.7 | 370 |
| BOSCHLTD | 35977.5 | 35500 |
| BPCL | 305.45 | 300 |
| BRITANNIA | 4896.35 | 4900 |
| BSE | 5651.1 | 5200 |
| BSOFT | 617.1 | 600 |
| CAMS | 5292.15 | 5200 |
| CANBK | 107.68 | 108 |
| CANFINHOME | 814.4 | 820 |
| CDSL | 1942.55 | 1840 |
| CESC | 191.21 | 195 |
| CGPOWER | 780.55 | 770 |
| CHAMBLFERT | 528.45 | 530 |
| CHOLAFIN | 1350.1 | 1300 |
| CIPLA | 1450.55 | 1480 |
| COALINDIA | 410.45 | 420 |
| COFORGE | 9295 | 9000 |
| COLPAL | 2843.7 | 2900 |
| CONCOR | 834.05 | 840 |
| COROMANDEL | 1779.35 | 1780 |
| CROMPTON | 410.7 | 410 |
| CUB | 184.36 | 185 |
| CUMMINSIND | 3634 | 3500 |
| CYIENT | 2086.85 | 2000 |
| DABUR | 507.3 | 510 |
| DALBHARAT | 1938.75 | 1900 |
| DEEPAKNTR | 2683.8 | 2700 |
| DELHIVERY | 380.9 | 370 |
| DIVISLAB | 5992.5 | 6000 |
| DIXON | 17764 | 17000 |
| DLF | 862.45 | 850 |
| DMART | 3709.3 | 3700 |
| DRREDDY | 1231.1 | 1220 |
| EICHERMOT | 4779.2 | 4850 |
| ESCORTS | 3460 | 3500 |
| EXIDEIND | 467.9 | 460 |
| FEDERALBNK | 214.86 | 215 |
| GAIL | 206.1 | 207.5 |
| GLENMARK | 1531 | 1540 |
| GMRINFRA | 0 | 36 |
| GNFC | 617.9 | 630 |
| GODREJCP | 1120.5 | 1140 |
| GODREJPROP | 2863.95 | 2900 |
| GRANULES | 589.5 | 560 |
| GRASIM | 2652.8 | 2640 |
| GUJGASLTD | 511.35 | 510 |
| HAL | 4701.5 | 4600 |
| HAVELLS | 1741.9 | 1740 |
| HCLTECH | 1943.7 | 1900 |
| HDFCAMC | 4559.8 | 4400 |
| HDFCBANK | 1857.8 | 1820 |
| HDFCLIFE | 632.25 | 640 |
| HEROMOTOCO | 4585.05 | 4700 |
| HFCL | 126.58 | 130 |
| HINDALCO | 669.45 | 670 |
| HINDCOPPER | 289 | 290 |
| HINDPETRO | 408.25 | 395 |
| HINDUNILVR | 2374 | 2420 |
| HUDCO | 246.7 | 245 |
| ICICIBANK | 1337.25 | 1320 |
| ICICIGI | 1947.9 | 1940 |
| ICICIPRULI | 690.9 | 690 |
| IDEA | 7.94 | 8 |
| IDFCFIRSTB | 64.7 | 65 |
| IEX | 189.21 | 185 |
| IGL | 387.9 | 360 |
| INDHOTEL | 838.95 | 820 |
| INDIAMART | 2380.75 | 2400 |
| INDIANB | 575.35 | 590 |
| INDIGO | 4420.65 | 4450 |
| INDUSINDBK | 991.3 | 1000 |
| INDUSTOWER | 354.65 | 360 |
| INFY | 1991.55 | 1940 |
| IOC | 142.24 | 140 |
| IPCALAB | 1569.9 | 1520 |
| IRB | 58.28 | 59 |
| IRCTC | 846.15 | 840 |
| IRFC | 163.31 | 160 |
| ITC | 464.9 | 470 |
| JINDALSTEL | 993 | 980 |
| JIOFIN | 341.4 | 340 |
| JKCEMENT | 4647.75 | 4600 |
| JSL | 747.95 | 710 |
| JSWENERGY | 675.4 | 660 |
| JSWSTEEL | 993.05 | 1000 |
| JUBLFOOD | 683.85 | 680 |
| KALYANKJIL | 775.9 | 750 |
| KEI | 4542.5 | 4400 |
| KOTAKBANK | 1781.5 | 1800 |
| KPITTECH | 1552.45 | 1500 |
| LALPATHLAB | 3094.8 | 3100 |
| LAURUSLABS | 565.6 | 570 |
| LICHSGFIN | 634.5 | 640 |
| LICI | 938.8 | 950 |
| LODHA | 1420.65 | 1340 |
| LT | 3881.6 | 3800 |
| LTF | 148.96 | 147.5 |
| LTIM | 6690.5 | 6500 |
| LTTS | 5389.25 | 5350 |
| LUPIN | 2148.7 | 2100 |
| M&M | 3073.7 | 3000 |
| M&MFIN | 279.05 | 280 |
| MANAPPURAM | 179.24 | 160 |
| MARICO | 642.55 | 630 |
| MARUTI | 11152.35 | 11200 |
| MAXHEALTH | 1162.85 | 1100 |
| MCX | 6763 | 6600 |
| METROPOLIS | 2211.9 | 2200 |
| MFSL | 1129.4 | 1160 |
| MGL | 1279.3 | 1280 |
| MOTHERSON | 166.19 | 165 |
| MPHASIS | 3212.25 | 3100 |
| MRF | 132053.35 | 132000 |
| MUTHOOTFIN | 2087 | 2040 |
| NATIONALUM | 244.98 | 247.5 |
| NAUKRI | 8713.9 | 8500 |
| NAVINFLUOR | 3585.15 | 3600 |
| NCC | 305.1 | 310 |
| NESTLEIND | 2230.8 | 2260 |
| NHPC | 85.94 | 85 |
| NMDC | 239.58 | 240 |
| NTPC | 361.15 | 365 |
| NYKAA | 171.42 | 170 |
| OBEROIRLTY | 2122.95 | 2100 |
| OFSS | 12226.25 | 12250 |
| OIL | 469.75 | 470 |
| ONGC | 256.1 | 259 |
| PAGEIND | 47060.1 | 46500 |
| PAYTM | 958.6 | 960 |
| PEL | 1260.05 | 1220 |
| PERSISTENT | 6443.7 | 6300 |
| PETRONET | 344.35 | 340 |
| PFC | 510.35 | 500 |
| PIDILITIND | 3165.6 | 3180 |
| PIIND | 4031.2 | 4100 |
| PNB | 107.89 | 109 |
| POLICYBZR | 2175.75 | 2000 |
| POLYCAB | 7404 | 7300 |
| POONAWALLA | 363.95 | 360 |
| POWERGRID | 327.55 | 330 |
| PRESTIGE | 1745.45 | 1700 |
| PVRINOX | 1468.35 | 1540 |
| RAMCOCEM | 990.55 | 1000 |
| RBLBANK | 176.47 | 170 |
| RECLTD | 570.3 | 550 |
| RELIANCE | 1270.25 | 1300 |
| SAIL | 126.16 | 125 |
| SBICARD | 731 | 720 |
| SBILIFE | 1440.3 | 1440 |
| SBIN | 855.4 | 850 |
| SHREECEM | 27267.7 | 27000 |
| SHRIRAMFIN | 3232.3 | 3200 |
| SIEMENS | 7885 | 7700 |
| SJVN | 119.16 | 120 |
| SONACOMS | 635.3 | 650 |
| SRF | 2317.75 | 2300 |
| SUNPHARMA | 1810 | 1800 |
| SUNTV | 733.6 | 750 |
| SUPREMEIND | 4868.1 | 4900 |
| SYNGENE | 887 | 900 |
| TATACHEM | 1107 | 1120 |
| TATACOMM | 1849.6 | 1820 |
| TATACONSUM | 918 | 940 |
| TATAELXSI | 7380.8 | 7300 |
| TATAMOTORS | 790.4 | 800 |
| TATAPOWER | 431.25 | 435 |
| TATASTEEL | 149.98 | 150 |
| TCS | 4467.55 | 4400 |
| TECHM | 1793.1 | 1760 |
| TIINDIA | 3677.2 | 3700 |
| TITAN | 3440 | 3400 |
| TORNTPHARM | 3376.85 | 3350 |
| TRENT | 7064 | 6900 |
| TVSMOTOR | 2504 | 2500 |
| UBL | 1984.35 | 1960 |
| ULTRACEMCO | 11881.95 | 11800 |
| UNIONBANK | 128.47 | 128 |
| UNITDSPR | 1518 | 1520 |
| UPL | 545.5 | 550 |
| VBL | 638.05 | 640 |
| VEDL | 523.65 | 500 |
| VOLTAS | 1793.25 | 1760 |
| WIPRO | 311.15 | 300 |
| YESBANK | 21.42 | 21 |
| ZOMATO | 291.7 | 280 |
| ZYDUSLIFE | 978.5 | 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.
