BSE
Bse Limited
Max pain for BSE
03 Apr 2025 04:14 PM IST
Max Pain for BSE is 5200
Strike 3000 has a total call value of 0 versus a total put value of 785,965,000,000 Combined total value = 785,965,000,000
Strike 3200 has a total call value of 0 versus a total put value of 698,132,500,000 Combined total value = 698,132,500,000
Strike 3300 has a total call value of 0 versus a total put value of 654,232,500,000 Combined total value = 654,232,500,000
Strike 3400 has a total call value of 0 versus a total put value of 610,378,750,000 Combined total value = 610,378,750,000
Strike 3500 has a total call value of 0 versus a total put value of 566,570,000,000 Combined total value = 566,570,000,000
Strike 3600 has a total call value of 0 versus a total put value of 523,022,500,000 Combined total value = 523,022,500,000
Strike 3700 has a total call value of 0 versus a total put value of 480,041,250,000 Combined total value = 480,041,250,000
Strike 3800 has a total call value of 0 versus a total put value of 437,227,500,000 Combined total value = 437,227,500,000
Strike 3900 has a total call value of 0 versus a total put value of 394,830,000,000 Combined total value = 394,830,000,000
Strike 4000 has a total call value of 0 versus a total put value of 352,973,750,000 Combined total value = 352,973,750,000
Strike 4100 has a total call value of 0 versus a total put value of 314,203,750,000 Combined total value = 314,203,750,000
Strike 4200 has a total call value of 0 versus a total put value of 276,432,500,000 Combined total value = 276,432,500,000
Strike 4300 has a total call value of 1,131,250,000 versus a total put value of 240,767,500,000 Combined total value = 241,898,750,000
Strike 4400 has a total call value of 2,725,000,000 versus a total put value of 207,086,250,000 Combined total value = 209,811,250,000
Strike 4500 has a total call value of 4,720,000,000 versus a total put value of 175,338,750,000 Combined total value = 180,058,750,000
Strike 4600 has a total call value of 7,552,500,000 versus a total put value of 146,796,250,000 Combined total value = 154,348,750,000
Strike 4700 has a total call value of 11,250,000,000 versus a total put value of 120,126,250,000 Combined total value = 131,376,250,000
Strike 4800 has a total call value of 15,542,500,000 versus a total put value of 96,190,000,000 Combined total value = 111,732,500,000
Strike 4900 has a total call value of 20,318,750,000 versus a total put value of 74,271,250,000 Combined total value = 94,590,000,000
Strike 5000 has a total call value of 25,496,250,000 versus a total put value of 54,016,250,000 Combined total value = 79,512,500,000
Strike 5100 has a total call value of 33,568,750,000 versus a total put value of 39,791,250,000 Combined total value = 73,360,000,000
Strike 5200 has a total call value of 42,630,000,000 versus a total put value of 27,941,250,000 Combined total value = 70,571,250,000
Strike 5300 has a total call value of 53,097,500,000 versus a total put value of 18,462,500,000 Combined total value = 71,560,000,000
Strike 5400 has a total call value of 64,690,000,000 versus a total put value of 11,215,000,000 Combined total value = 75,905,000,000
Strike 5500 has a total call value of 78,478,750,000 versus a total put value of 6,122,500,000 Combined total value = 84,601,250,000
Strike 5600 has a total call value of 94,687,500,000 versus a total put value of 3,131,250,000 Combined total value = 97,818,750,000
Strike 5700 has a total call value of 113,036,250,000 versus a total put value of 1,735,000,000 Combined total value = 114,771,250,000
Strike 5800 has a total call value of 133,676,250,000 versus a total put value of 987,500,000 Combined total value = 134,663,750,000
Strike 5900 has a total call value of 156,437,500,000 versus a total put value of 510,000,000 Combined total value = 156,947,500,000
Strike 6000 has a total call value of 180,025,000,000 versus a total put value of 150,000,000 Combined total value = 180,175,000,000
Strike 6100 has a total call value of 209,970,000,000 versus a total put value of 11,250,000 Combined total value = 209,981,250,000
Strike 6200 has a total call value of 242,300,000,000 versus a total put value of 0 Combined total value = 242,300,000,000
Strike 6300 has a total call value of 275,542,500,000 versus a total put value of 0 Combined total value = 275,542,500,000
Strike 6400 has a total call value of 308,785,000,000 versus a total put value of 0 Combined total value = 308,785,000,000
Strike 6500 has a total call value of 342,027,500,000 versus a total put value of 0 Combined total value = 342,027,500,000
Strike 6600 has a total call value of 375,270,000,000 versus a total put value of 0 Combined total value = 375,270,000,000
Strike 6700 has a total call value of 410,928,750,000 versus a total put value of 0 Combined total value = 410,928,750,000
Strike 6800 has a total call value of 446,587,500,000 versus a total put value of 0 Combined total value = 446,587,500,000
Max-Pain Table for stock monthly expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 5620.85 | 400 |
| ABB | 5620.85 | 5400 |
| ABCAPITAL | 5620.85 | 190 |
| ABFRL | 5620.85 | 265 |
| ACC | 5620.85 | 2000 |
| ADANIENSOL | 5620.85 | 860 |
| ADANIENT | 5620.85 | 2500 |
| ADANIGREEN | 5620.85 | 940 |
| ADANIPORTS | 5620.85 | 1200 |
| ALKEM | 5620.85 | 4950 |
| AMBUJACEM | 5620.85 | 550 |
| ANGELONE | 5620.85 | 2300 |
| APLAPOLLO | 5620.85 | 1520 |
| APOLLOHOSP | 5620.85 | 6700 |
| APOLLOTYRE | 5620.85 | 430 |
| ASHOKLEY | 5620.85 | 210 |
| ASIANPAINT | 5620.85 | 2340 |
| ASTRAL | 5620.85 | 1340 |
| ATGL | 5620.85 | 600 |
| AUBANK | 5620.85 | 550 |
| AUROPHARMA | 5620.85 | 1200 |
| AXISBANK | 5620.85 | 1100 |
| BAJAJ-AUTO | 5620.85 | 8000 |
| BAJAJFINSV | 5620.85 | 1940 |
| BAJFINANCE | 5620.85 | 8700 |
| BALKRISIND | 5620.85 | 2540 |
| BANDHANBNK | 5620.85 | 152.5 |
| BANKBARODA | 5620.85 | 232.5 |
| BANKINDIA | 5620.85 | 111 |
| BEL | 5620.85 | 290 |
| BERGEPAINT | 5620.85 | 500 |
| BHARATFORG | 5620.85 | 1160 |
| BHARTIARTL | 5620.85 | 1740 |
| BHEL | 5620.85 | 220 |
| BIOCON | 5620.85 | 350 |
| BOSCHLTD | 5620.85 | 28000 |
| BPCL | 5620.85 | 280 |
| BRITANNIA | 5620.85 | 4950 |
| BSE | 5620.85 | 5200 |
| BSOFT | 5620.85 | 400 |
| CAMS | 5620.85 | 3700 |
| CANBK | 5620.85 | 92 |
| CDSL | 5620.85 | 1200 |
| CESC | 5620.85 | 155 |
| CGPOWER | 5620.85 | 640 |
| CHAMBLFERT | 5620.85 | 620 |
| CHOLAFIN | 5620.85 | 1500 |
| CIPLA | 5620.85 | 1480 |
| COALINDIA | 5620.85 | 405 |
| COFORGE | 5620.85 | 7500 |
| COLPAL | 5620.85 | 2400 |
| CONCOR | 5620.85 | 710 |
| CROMPTON | 5620.85 | 350 |
| CUMMINSIND | 5620.85 | 3050 |
| CYIENT | 5620.85 | 1240 |
| DABUR | 5620.85 | 480 |
| DALBHARAT | 5620.85 | 1800 |
| DEEPAKNTR | 5620.85 | 2000 |
| DELHIVERY | 5620.85 | 260 |
| DIVISLAB | 5620.85 | 5800 |
| DIXON | 5620.85 | 13500 |
| DLF | 5620.85 | 690 |
| DMART | 5620.85 | 4100 |
| DRREDDY | 5620.85 | 1160 |
| EICHERMOT | 5620.85 | 5400 |
| ESCORTS | 5620.85 | 3250 |
| EXIDEIND | 5620.85 | 370 |
| FEDERALBNK | 5620.85 | 195 |
| GAIL | 5620.85 | 182.5 |
| GLENMARK | 5620.85 | 1520 |
| GMRAIRPORT | 5620.85 | 80 |
| GODREJCP | 5620.85 | 1150 |
| GODREJPROP | 5620.85 | 2100 |
| GOLDM | 5620.85 | 89000 |
| GRANULES | 5620.85 | 500 |
| GRASIM | 5620.85 | 2600 |
| HAL | 5620.85 | 4250 |
| HAVELLS | 5620.85 | 1520 |
| HCLTECH | 5620.85 | 1520 |
| HDFCAMC | 5620.85 | 4050 |
| HDFCBANK | 5620.85 | 1800 |
| HDFCLIFE | 5620.85 | 690 |
| HEROMOTOCO | 5620.85 | 3750 |
| HFCL | 5620.85 | 82.5 |
| HINDALCO | 5620.85 | 670 |
| HINDCOPPER | 5620.85 | 230 |
| HINDPETRO | 5620.85 | 360 |
| HINDUNILVR | 5620.85 | 2260 |
| HINDZINC | 5620.85 | 460 |
| HUDCO | 5620.85 | 205 |
| ICICIBANK | 5620.85 | 1340 |
| ICICIGI | 5620.85 | 1800 |
| ICICIPRULI | 5620.85 | 570 |
| IDEA | 5620.85 | 8 |
| IDFCFIRSTB | 5620.85 | 59 |
| IEX | 5620.85 | 180 |
| IGL | 5620.85 | 200 |
| IIFL | 5620.85 | 335 |
| INDHOTEL | 5620.85 | 820 |
| INDIANB | 5620.85 | 550 |
| INDIGO | 5620.85 | 5000 |
| INDUSINDBK | 5620.85 | 700 |
| INDUSTOWER | 5620.85 | 350 |
| INFY | 5620.85 | 1540 |
| INOXWIND | 5620.85 | 165 |
| IOC | 5620.85 | 132 |
| IRB | 5620.85 | 46 |
| IRCTC | 5620.85 | 740 |
| IREDA | 5620.85 | 160 |
| IRFC | 5620.85 | 125 |
| ITC | 5620.85 | 410 |
| JINDALSTEL | 5620.85 | 920 |
| JIOFIN | 5620.85 | 230 |
| JSL | 5620.85 | 600 |
| JSWENERGY | 5620.85 | 540 |
| JSWSTEEL | 5620.85 | 1050 |
| JUBLFOOD | 5620.85 | 670 |
| KALYANKJIL | 5620.85 | 500 |
| KEI | 5620.85 | 2900 |
| KOTAKBANK | 5620.85 | 2120 |
| KPITTECH | 5620.85 | 1240 |
| LAURUSLABS | 5620.85 | 610 |
| LICHSGFIN | 5620.85 | 570 |
| LICI | 5620.85 | 800 |
| LODHA | 5620.85 | 1200 |
| LT | 5620.85 | 3460 |
| LTF | 5620.85 | 152.5 |
| LTIM | 5620.85 | 4500 |
| LUPIN | 5620.85 | 2100 |
| M&M | 5620.85 | 2700 |
| M&MFIN | 5620.85 | 275 |
| MANAPPURAM | 5620.85 | 230 |
| MARICO | 5620.85 | 650 |
| MARUTI | 5620.85 | 11700 |
| MAXHEALTH | 5620.85 | 1120 |
| MCX | 5620.85 | 5400 |
| MFSL | 5620.85 | 1140 |
| MGL | 5620.85 | 1400 |
| MOTHERSON | 5620.85 | 130 |
| MPHASIS | 5620.85 | 2450 |
| MRF | 5620.85 | 114000 |
| MUTHOOTFIN | 5620.85 | 2300 |
| NATIONALUM | 5620.85 | 180 |
| NAUKRI | 5620.85 | 6900 |
| NBCC | 5620.85 | 82.5 |
| NCC | 5620.85 | 215 |
| NESTLEIND | 5620.85 | 2240 |
| NHPC | 5620.85 | 84 |
| NMDC | 5620.85 | 70 |
| NTPC | 5620.85 | 360 |
| NYKAA | 5620.85 | 177.5 |
| OBEROIRLTY | 5620.85 | 1600 |
| OFSS | 5620.85 | 7750 |
| OIL | 5620.85 | 390 |
| ONGC | 5620.85 | 250 |
| PAGEIND | 5620.85 | 43000 |
| PATANJALI | 5620.85 | 1820 |
| PAYTM | 5620.85 | 800 |
| PEL | 5620.85 | 1000 |
| PERSISTENT | 5620.85 | 5000 |
| PETRONET | 5620.85 | 300 |
| PFC | 5620.85 | 420 |
| PHOENIXLTD | 5620.85 | 1600 |
| PIDILITIND | 5620.85 | 2840 |
| PIIND | 5620.85 | 3500 |
| PNB | 5620.85 | 98 |
| PNBHOUSING | 5620.85 | 900 |
| POLICYBZR | 5620.85 | 1580 |
| POLYCAB | 5620.85 | 5200 |
| POONAWALLA | 5620.85 | 340 |
| POWERGRID | 5620.85 | 295 |
| PRESTIGE | 5620.85 | 1180 |
| RAMCOCEM | 5620.85 | 920 |
| RBLBANK | 5620.85 | 175 |
| RECLTD | 5620.85 | 430 |
| RELIANCE | 5620.85 | 1280 |
| SAIL | 5620.85 | 120 |
| SBICARD | 5620.85 | 860 |
| SBILIFE | 5620.85 | 1540 |
| SBIN | 5620.85 | 780 |
| SHREECEM | 5620.85 | 30500 |
| SHRIRAMFIN | 5620.85 | 650 |
| SIEMENS | 5620.85 | 5300 |
| SILVER | 5620.85 | 97000 |
| SJVN | 5620.85 | 92.5 |
| SOLARINDS | 5620.85 | 11100 |
| SONACOMS | 5620.85 | 460 |
| SRF | 5620.85 | 2900 |
| SUNPHARMA | 5620.85 | 1740 |
| SUPREMEIND | 5620.85 | 3500 |
| SYNGENE | 5620.85 | 740 |
| TATACHEM | 5620.85 | 860 |
| TATACOMM | 5620.85 | 1600 |
| TATACONSUM | 5620.85 | 1040 |
| TATAELXSI | 5620.85 | 5200 |
| TATAMOTORS | 5620.85 | 680 |
| TATAPOWER | 5620.85 | 395 |
| TATASTEEL | 5620.85 | 155 |
| TATATECH | 5620.85 | 680 |
| TCS | 5620.85 | 3540 |
| TECHM | 5620.85 | 1400 |
| TIINDIA | 5620.85 | 2750 |
| TITAGARH | 5620.85 | 800 |
| TITAN | 5620.85 | 3100 |
| TORNTPHARM | 5620.85 | 3250 |
| TORNTPOWER | 5620.85 | 1500 |
| TRENT | 5620.85 | 5600 |
| TVSMOTOR | 5620.85 | 2460 |
| ULTRACEMCO | 5620.85 | 11400 |
| UNIONBANK | 5620.85 | 128 |
| UNITDSPR | 5620.85 | 1400 |
| UPL | 5620.85 | 650 |
| VBL | 5620.85 | 530 |
| VEDL | 5620.85 | 460 |
| VOLTAS | 5620.85 | 1380 |
| WIPRO | 5620.85 | 262.5 |
| YESBANK | 5620.85 | 17 |
| ZOMATO | 5620.85 | 210 |
| ZYDUSLIFE | 5620.85 | 910 |
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.
