BSE
Bse Limited
Max pain for BSE
21 May 2025 04:13 PM IST
Max Pain for BSE is 7000
Strike 3800 has a total call value of 0 versus a total put value of 1,230,217,500,000 Combined total value = 1,230,217,500,000
Strike 4000 has a total call value of 0 versus a total put value of 1,137,497,500,000 Combined total value = 1,137,497,500,000
Strike 4200 has a total call value of 0 versus a total put value of 1,044,777,500,000 Combined total value = 1,044,777,500,000
Strike 4250 has a total call value of 0 versus a total put value of 1,021,696,250,000 Combined total value = 1,021,696,250,000
Strike 4300 has a total call value of 0 versus a total put value of 998,615,000,000 Combined total value = 998,615,000,000
Strike 4400 has a total call value of 0 versus a total put value of 952,633,750,000 Combined total value = 952,633,750,000
Strike 4500 has a total call value of 0 versus a total put value of 906,652,500,000 Combined total value = 906,652,500,000
Strike 4600 has a total call value of 0 versus a total put value of 860,990,000,000 Combined total value = 860,990,000,000
Strike 4700 has a total call value of 0 versus a total put value of 815,441,250,000 Combined total value = 815,441,250,000
Strike 4750 has a total call value of 0 versus a total put value of 792,666,875,000 Combined total value = 792,666,875,000
Strike 4800 has a total call value of 0 versus a total put value of 769,892,500,000 Combined total value = 769,892,500,000
Strike 4900 has a total call value of 0 versus a total put value of 724,672,500,000 Combined total value = 724,672,500,000
Strike 5000 has a total call value of 0 versus a total put value of 679,452,500,000 Combined total value = 679,452,500,000
Strike 5100 has a total call value of 0 versus a total put value of 635,398,750,000 Combined total value = 635,398,750,000
Strike 5200 has a total call value of 0 versus a total put value of 591,345,000,000 Combined total value = 591,345,000,000
Strike 5250 has a total call value of 0 versus a total put value of 569,498,125,000 Combined total value = 569,498,125,000
Strike 5300 has a total call value of 0 versus a total put value of 547,651,250,000 Combined total value = 547,651,250,000
Strike 5400 has a total call value of 0 versus a total put value of 504,240,000,000 Combined total value = 504,240,000,000
Strike 5500 has a total call value of 96,250,000 versus a total put value of 461,382,500,000 Combined total value = 461,478,750,000
Strike 5600 has a total call value of 192,500,000 versus a total put value of 420,803,750,000 Combined total value = 420,996,250,000
Strike 5700 has a total call value of 516,250,000 versus a total put value of 380,540,000,000 Combined total value = 381,056,250,000
Strike 5750 has a total call value of 678,125,000 versus a total put value of 360,568,750,000 Combined total value = 361,246,875,000
Strike 5800 has a total call value of 840,000,000 versus a total put value of 340,701,875,000 Combined total value = 341,541,875,000
Strike 5900 has a total call value of 1,258,750,000 versus a total put value of 301,686,875,000 Combined total value = 302,945,625,000
Strike 6000 has a total call value of 1,780,000,000 versus a total put value of 263,224,375,000 Combined total value = 265,004,375,000
Strike 6100 has a total call value of 2,922,500,000 versus a total put value of 228,814,375,000 Combined total value = 231,736,875,000
Strike 6200 has a total call value of 4,065,000,000 versus a total put value of 195,305,625,000 Combined total value = 199,370,625,000
Strike 6250 has a total call value of 4,799,375,000 versus a total put value of 179,205,625,000 Combined total value = 184,005,000,000
Strike 6300 has a total call value of 5,533,750,000 versus a total put value of 163,457,500,000 Combined total value = 168,991,250,000
Strike 6400 has a total call value of 7,596,250,000 versus a total put value of 134,026,250,000 Combined total value = 141,622,500,000
Strike 6500 has a total call value of 10,902,500,000 versus a total put value of 106,667,500,000 Combined total value = 117,570,000,000
Strike 6600 has a total call value of 15,537,500,000 versus a total put value of 84,785,000,000 Combined total value = 100,322,500,000
Strike 6700 has a total call value of 21,530,000,000 versus a total put value of 65,697,500,000 Combined total value = 87,227,500,000
Strike 6750 has a total call value of 25,849,375,000 versus a total put value of 58,025,000,000 Combined total value = 83,874,375,000
Strike 6800 has a total call value of 30,841,875,000 versus a total put value of 51,508,750,000 Combined total value = 82,350,625,000
Strike 6900 has a total call value of 41,714,375,000 versus a total put value of 38,476,250,000 Combined total value = 80,190,625,000
Strike 7000 has a total call value of 53,080,625,000 versus a total put value of 25,443,750,000 Combined total value = 78,524,375,000
Strike 7100 has a total call value of 66,686,875,000 versus a total put value of 19,697,500,000 Combined total value = 86,384,375,000
Strike 7250 has a total call value of 88,581,250,000 versus a total put value of 11,078,125,000 Combined total value = 99,659,375,000
Strike 7500 has a total call value of 131,318,750,000 versus a total put value of 3,768,750,000 Combined total value = 135,087,500,000
Strike 7750 has a total call value of 199,575,000,000 versus a total put value of 1,478,125,000 Combined total value = 201,053,125,000
Strike 8000 has a total call value of 281,384,375,000 versus a total put value of 468,750,000 Combined total value = 281,853,125,000
Strike 8250 has a total call value of 383,250,000,000 versus a total put value of 209,375,000 Combined total value = 383,459,375,000
Strike 8500 has a total call value of 490,593,750,000 versus a total put value of 0 Combined total value = 490,593,750,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 468.8 | 460 |
| ABB | 5886.5 | 5700 |
| ABCAPITAL | 221.46 | 210 |
| ABFRL | 268.95 | 275 |
| ACC | 1941.4 | 1920 |
| ADANIENSOL | 872.15 | 900 |
| ADANIENT | 2500.4 | 2500 |
| ADANIGREEN | 996.5 | 960 |
| ADANIPORTS | 1384.6 | 1340 |
| ALKEM | 5374 | 5300 |
| AMBUJACEM | 567.8 | 570 |
| ANGELONE | 2866.2 | 2650 |
| APLAPOLLO | 1814.4 | 1700 |
| APOLLOHOSP | 6984 | 6950 |
| APOLLOTYRE | 488.1 | 485 |
| ASHOKLEY | 244.61 | 232.5 |
| ASIANPAINT | 2312.4 | 2340 |
| ASTRAL | 1377.7 | 1380 |
| ATGL | 663.35 | 650 |
| AUBANK | 692.9 | 670 |
| AUROPHARMA | 1204.1 | 1220 |
| AXISBANK | 1197.8 | 1180 |
| BAJAJ-AUTO | 8687.5 | 8500 |
| BAJAJFINSV | 2037.3 | 2020 |
| BAJFINANCE | 9197.5 | 9100 |
| BALKRISIND | 2665.6 | 2700 |
| BANDHANBNK | 168.22 | 167.5 |
| BANKBARODA | 241.3 | 235 |
| BANKINDIA | 117.96 | 115 |
| BEL | 383 | 365 |
| BHARATFORG | 1229 | 1200 |
| BHARTIARTL | 1822.5 | 1820 |
| BHEL | 247.42 | 245 |
| BIOCON | 340.65 | 335 |
| BOSCHLTD | 31655 | 31000 |
| BPCL | 315.85 | 310 |
| BRITANNIA | 5493.5 | 5500 |
| BSE | 7305 | 7000 |
| BSOFT | 424 | 420 |
| CAMS | 3887.5 | 3850 |
| CANBK | 107.84 | 104 |
| CDSL | 1450.3 | 1400 |
| CESC | 171.92 | 165 |
| CGPOWER | 694 | 660 |
| CHAMBLFERT | 603.85 | 630 |
| CHOLAFIN | 1656 | 1600 |
| CIPLA | 1482.4 | 1500 |
| COALINDIA | 405.35 | 400 |
| COFORGE | 8266 | 7800 |
| COLPAL | 2659.3 | 2660 |
| CONCOR | 731.55 | 720 |
| CROMPTON | 349.05 | 345 |
| CUMMINSIND | 2980.9 | 2900 |
| CYIENT | 1304.6 | 1260 |
| DABUR | 481.75 | 480 |
| DALBHARAT | 2089.3 | 2000 |
| DEEPAKNTR | 2090.2 | 2060 |
| DELHIVERY | 348.1 | 340 |
| DIVISLAB | 6552 | 6400 |
| DIXON | 15612 | 16000 |
| DLF | 775.15 | 750 |
| DMART | 4112.7 | 4100 |
| DRREDDY | 1224.7 | 1200 |
| EICHERMOT | 5409 | 5500 |
| ESCORTS | 3514.4 | 3400 |
| ETERNAL | 229.97 | 230 |
| EXIDEIND | 384.8 | 380 |
| FEDERALBNK | 200.82 | 195 |
| GAIL | 190.64 | 190 |
| GLENMARK | 1440.1 | 1420 |
| GMRAIRPORT | 87.63 | 88 |
| GODREJCP | 1280 | 1270 |
| GODREJPROP | 2181 | 2200 |
| GRANULES | 517.9 | 500 |
| GRASIM | 2706.9 | 2720 |
| HAL | 5001.1 | 4850 |
| HAVELLS | 1577.2 | 1600 |
| HCLTECH | 1652 | 1600 |
| HDFCAMC | 4815.5 | 4650 |
| HDFCBANK | 1926.8 | 1920 |
| HDFCLIFE | 759.7 | 730 |
| HEROMOTOCO | 4263.8 | 4100 |
| HFCL | 85.13 | 85 |
| HINDALCO | 663 | 650 |
| HINDCOPPER | 229.47 | 230 |
| HINDPETRO | 404.9 | 400 |
| HINDUNILVR | 2363.9 | 2360 |
| HINDZINC | 442.05 | 440 |
| HUDCO | 229.34 | 225 |
| ICICIBANK | 1444.7 | 1440 |
| ICICIGI | 1878.1 | 1880 |
| ICICIPRULI | 618.15 | 610 |
| IDEA | 6.76 | 7 |
| IDFCFIRSTB | 66.67 | 67 |
| IEX | 199.18 | 197.5 |
| IGL | 207.56 | 200 |
| IIFL | 413.15 | 400 |
| INDHOTEL | 773.1 | 770 |
| INDIANB | 601.7 | 590 |
| INDIGO | 5461.5 | 5400 |
| INDUSINDBK | 769.95 | 800 |
| INDUSTOWER | 387.95 | 390 |
| INFY | 1568.5 | 1540 |
| INOXWIND | 185.76 | 180 |
| IOC | 143.39 | 144 |
| IRB | 51.35 | 50 |
| IRCTC | 790.2 | 790 |
| IREDA | 172.21 | 170 |
| IRFC | 138.08 | 135 |
| ITC | 433 | 430 |
| JINDALSTEL | 968.5 | 940 |
| JIOFIN | 274.35 | 265 |
| JSL | 643.4 | 640 |
| JSWENERGY | 504.8 | 490 |
| JSWSTEEL | 1000.9 | 1000 |
| JUBLFOOD | 674.4 | 680 |
| KALYANKJIL | 552.05 | 540 |
| KEI | 3431.4 | 3300 |
| KOTAKBANK | 2071.3 | 2100 |
| KPITTECH | 1331.6 | 1300 |
| LAURUSLABS | 597.05 | 600 |
| LICHSGFIN | 595.75 | 600 |
| LICI | 853.8 | 840 |
| LODHA | 1409 | 1360 |
| LT | 3589 | 3500 |
| LTF | 173.58 | 170 |
| LTIM | 5033.8 | 4900 |
| LUPIN | 1996 | 2020 |
| M&M | 3090.7 | 3050 |
| M&MFIN | 260.25 | 257.85 |
| MANAPPURAM | 228.06 | 230 |
| MARICO | 709.65 | 720 |
| MARUTI | 12615 | 12200 |
| MAXHEALTH | 1142.1 | 1160 |
| MCX | 6370.5 | 6200 |
| MFSL | 1396.7 | 1340 |
| MGL | 1382 | 1380 |
| MOTHERSON | 148.24 | 142.5 |
| MPHASIS | 2557.6 | 2540 |
| MRF | 142285 | 140000 |
| MUTHOOTFIN | 2089.6 | 2100 |
| NATIONALUM | 181.75 | 180 |
| NAUKRI | 1475.5 | 1440 |
| NBCC | 113.21 | 107 |
| NCC | 233.54 | 230 |
| NESTLEIND | 2392.6 | 2380 |
| NHPC | 87.62 | 86 |
| NMDC | 70.15 | 70 |
| NTPC | 346.15 | 345 |
| NYKAA | 200.48 | 200 |
| OBEROIRLTY | 1731.9 | 1680 |
| OFSS | 8383.5 | 8435 |
| OIL | 426.5 | 420 |
| ONGC | 248.68 | 240 |
| PAGEIND | 47620 | 47000 |
| PATANJALI | 1725 | 1780 |
| PAYTM | 843.1 | 860 |
| PEL | 1139 | 1100 |
| PERSISTENT | 5670 | 5600 |
| PETRONET | 321.75 | 320 |
| PFC | 412.7 | 420 |
| PHOENIXLTD | 1617.8 | 1600 |
| PIDILITIND | 2986.2 | 3020 |
| PIIND | 3709.9 | 3700 |
| PNB | 101.9 | 100 |
| PNBHOUSING | 1050.8 | 1060 |
| POLICYBZR | 1726.7 | 1700 |
| POLYCAB | 6055 | 5900 |
| POONAWALLA | 397.2 | 390 |
| POWERGRID | 296.15 | 302.5 |
| PRESTIGE | 1432.6 | 1400 |
| RAMCOCEM | 978.8 | 980 |
| RBLBANK | 207.84 | 210 |
| RECLTD | 400.2 | 410 |
| RELIANCE | 1429.2 | 1390 |
| SAIL | 124.88 | 120 |
| SBICARD | 903.15 | 900 |
| SBILIFE | 1763.9 | 1740 |
| SBIN | 787.1 | 790 |
| SHREECEM | 31490 | 31000 |
| SHRIRAMFIN | 658 | 640 |
| SIEMENS | 3290.8 | 3100 |
| SJVN | 101.05 | 100 |
| SOLARINDS | 14192 | 13750 |
| SONACOMS | 525.05 | 510 |
| SRF | 2951.3 | 3000 |
| SUNPHARMA | 1731.8 | 1700 |
| SUPREMEIND | 3826 | 3800 |
| SYNGENE | 639.35 | 640 |
| TATACHEM | 859.1 | 860 |
| TATACOMM | 1664.7 | 1600 |
| TATACONSUM | 1138.8 | 1130 |
| TATAELXSI | 6184.5 | 6000 |
| TATAMOTORS | 726.8 | 700 |
| TATAPOWER | 401.85 | 400 |
| TATASTEEL | 161.64 | 155 |
| TATATECH | 757.2 | 700 |
| TCS | 3525.8 | 3500 |
| TECHM | 1598.2 | 1540 |
| TIINDIA | 3002.7 | 3000 |
| TITAGARH | 904.5 | 860 |
| TITAN | 3580.5 | 3500 |
| TORNTPHARM | 3289 | 3300 |
| TORNTPOWER | 1398.7 | 1420 |
| TRENT | 5443.5 | 5500 |
| TVSMOTOR | 2767.3 | 2780 |
| ULTRACEMCO | 11666 | 11800 |
| UNIONBANK | 139.46 | 132.5 |
| UNITDSPR | 1557.4 | 1540 |
| UPL | 638.4 | 650 |
| VBL | 479.15 | 500 |
| VEDL | 437.75 | 440 |
| VOLTAS | 1268.6 | 1280 |
| WIPRO | 250.92 | 247.5 |
| YESBANK | 20.98 | 21 |
| ZOMATO | 0 | 80 |
| ZYDUSLIFE | 889.65 | 890 |
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.
