CANBK
Canara Bank
Max pain for CANBK
21 Nov 2024 02:41 PM IST
Max Pain for CANBK is 100
Strike 80 has a total call value of 0 versus a total put value of 160,427,925,000 Combined total value = 160,427,925,000
Strike 81 has a total call value of 0 versus a total put value of 152,213,175,000 Combined total value = 152,213,175,000
Strike 82 has a total call value of 0 versus a total put value of 143,998,425,000 Combined total value = 143,998,425,000
Strike 83 has a total call value of 0 versus a total put value of 135,783,675,000 Combined total value = 135,783,675,000
Strike 84 has a total call value of 0 versus a total put value of 127,568,925,000 Combined total value = 127,568,925,000
Strike 85 has a total call value of 0 versus a total put value of 119,354,175,000 Combined total value = 119,354,175,000
Strike 86 has a total call value of 1,350,000 versus a total put value of 111,384,450,000 Combined total value = 111,385,800,000
Strike 87 has a total call value of 2,700,000 versus a total put value of 103,446,450,000 Combined total value = 103,449,150,000
Strike 88 has a total call value of 4,050,000 versus a total put value of 95,508,450,000 Combined total value = 95,512,500,000
Strike 89 has a total call value of 20,250,000 versus a total put value of 87,693,300,000 Combined total value = 87,713,550,000
Strike 90 has a total call value of 58,725,000 versus a total put value of 79,978,725,000 Combined total value = 80,037,450,000
Strike 91 has a total call value of 228,825,000 versus a total put value of 72,944,550,000 Combined total value = 73,173,375,000
Strike 92 has a total call value of 434,025,000 versus a total put value of 66,031,200,000 Combined total value = 66,465,225,000
Strike 93 has a total call value of 718,875,000 versus a total put value of 59,336,550,000 Combined total value = 60,055,425,000
Strike 94 has a total call value of 1,215,675,000 versus a total put value of 52,965,900,000 Combined total value = 54,181,575,000
Strike 95 has a total call value of 1,975,050,000 versus a total put value of 47,127,825,000 Combined total value = 49,102,875,000
Strike 96 has a total call value of 3,332,475,000 versus a total put value of 42,197,625,000 Combined total value = 45,530,100,000
Strike 97 has a total call value of 4,943,700,000 versus a total put value of 37,399,725,000 Combined total value = 42,343,425,000
Strike 98 has a total call value of 6,838,425,000 versus a total put value of 32,751,000,000 Combined total value = 39,589,425,000
Strike 99 has a total call value of 9,048,375,000 versus a total put value of 28,497,150,000 Combined total value = 37,545,525,000
Strike 100 has a total call value of 11,577,600,000 versus a total put value of 24,397,875,000 Combined total value = 35,975,475,000
Strike 101 has a total call value of 15,410,250,000 versus a total put value of 21,404,250,000 Combined total value = 36,814,500,000
Strike 102 has a total call value of 19,646,550,000 versus a total put value of 18,624,600,000 Combined total value = 38,271,150,000
Strike 103 has a total call value of 24,349,950,000 versus a total put value of 16,097,400,000 Combined total value = 40,447,350,000
Strike 104 has a total call value of 29,453,625,000 versus a total put value of 13,724,775,000 Combined total value = 43,178,400,000
Strike 105 has a total call value of 34,934,625,000 versus a total put value of 11,518,200,000 Combined total value = 46,452,825,000
Strike 106 has a total call value of 42,247,575,000 versus a total put value of 9,900,225,000 Combined total value = 52,147,800,000
Strike 107 has a total call value of 49,812,975,000 versus a total put value of 8,386,200,000 Combined total value = 58,199,175,000
Strike 108 has a total call value of 57,718,575,000 versus a total put value of 6,988,275,000 Combined total value = 64,706,850,000
Strike 109 has a total call value of 66,022,425,000 versus a total put value of 5,884,650,000 Combined total value = 71,907,075,000
Strike 110 has a total call value of 74,480,175,000 versus a total put value of 4,781,025,000 Combined total value = 79,261,200,000
Strike 111 has a total call value of 84,790,800,000 versus a total put value of 4,125,600,000 Combined total value = 88,916,400,000
Strike 112 has a total call value of 95,182,425,000 versus a total put value of 3,470,175,000 Combined total value = 98,652,600,000
Strike 113 has a total call value of 105,746,850,000 versus a total put value of 2,846,475,000 Combined total value = 108,593,325,000
Strike 114 has a total call value of 116,412,525,000 versus a total put value of 2,222,775,000 Combined total value = 118,635,300,000
Strike 115 has a total call value of 127,143,675,000 versus a total put value of 1,599,075,000 Combined total value = 128,742,750,000
Strike 116 has a total call value of 138,461,400,000 versus a total put value of 1,298,700,000 Combined total value = 139,760,100,000
Strike 117 has a total call value of 149,806,800,000 versus a total put value of 998,325,000 Combined total value = 150,805,125,000
Strike 118 has a total call value of 161,152,200,000 versus a total put value of 697,950,000 Combined total value = 161,850,150,000
Strike 119 has a total call value of 172,497,600,000 versus a total put value of 397,575,000 Combined total value = 172,895,175,000
Strike 120 has a total call value of 183,870,675,000 versus a total put value of 97,200,000 Combined total value = 183,967,875,000
Strike 121 has a total call value of 195,928,875,000 versus a total put value of 72,900,000 Combined total value = 196,001,775,000
Strike 122 has a total call value of 208,119,375,000 versus a total put value of 48,600,000 Combined total value = 208,167,975,000
Strike 123 has a total call value of 220,309,875,000 versus a total put value of 24,300,000 Combined total value = 220,334,175,000
Strike 124 has a total call value of 232,500,375,000 versus a total put value of 0 Combined total value = 232,500,375,000
Strike 125 has a total call value of 244,701,675,000 versus a total put value of 0 Combined total value = 244,701,675,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 425.2 | 470 |
| ABB | 6760 | 7000 |
| ABBOTINDIA | 27095 | 28000 |
| ABCAPITAL | 183.5 | 200 |
| ABFRL | 284.65 | 300 |
| ACC | 2029 | 2220 |
| ADANIENT | 2250.35 | 2600 |
| ADANIPORTS | 1127 | 1200 |
| ALKEM | 5596.45 | 5500 |
| AMBUJACEM | 490.5 | 540 |
| APOLLOHOSP | 6726.95 | 6900 |
| APOLLOTYRE | 482.05 | 480 |
| ASHOKLEY | 218.18 | 220 |
| ASIANPAINT | 2430.8 | 2540 |
| ASTRAL | 1714.9 | 1780 |
| ATUL | 7245.55 | 7500 |
| AUBANK | 592.6 | 590 |
| AUROPHARMA | 1220.35 | 1300 |
| AXISBANK | 1138.9 | 1150 |
| BAJAJ-AUTO | 9488.25 | 9700 |
| BAJAJFINSV | 1569.1 | 1620 |
| BAJFINANCE | 6475.3 | 6700 |
| BALKRISIND | 2739.7 | 2800 |
| BANDHANBNK | 166.3 | 180 |
| BANKBARODA | 228.8 | 240 |
| BATAINDIA | 1280.65 | 1310 |
| BEL | 274.2 | 285 |
| BERGEPAINT | 465.15 | 495 |
| BHARATFORG | 1298 | 1340 |
| BHARTIARTL | 1519.95 | 1540 |
| BHEL | 228.4 | 235 |
| BIOCON | 324.7 | 330 |
| BOSCHLTD | 34102.45 | 34000 |
| BPCL | 281.45 | 300 |
| BRITANNIA | 4784 | 5000 |
| BSOFT | 547.65 | 560 |
| CANBK | 94.73 | 100 |
| CANFINHOME | 822.1 | 830 |
| CHAMBLFERT | 455 | 480 |
| CHOLAFIN | 1206 | 1260 |
| CIPLA | 1463.4 | 1520 |
| COALINDIA | 405.1 | 425 |
| COFORGE | 8208.8 | 8000 |
| COLPAL | 2694.15 | 2850 |
| CONCOR | 768.4 | 810 |
| COROMANDEL | 1773.15 | 1720 |
| CROMPTON | 381.7 | 390 |
| CUB | 170.55 | 175 |
| CUMMINSIND | 3290 | 3400 |
| DABUR | 505.6 | 525 |
| DALBHARAT | 1774.3 | 1760 |
| DEEPAKNTR | 2615.95 | 2650 |
| DIVISLAB | 5958.05 | 5900 |
| DIXON | 14986.75 | 14750 |
| DLF | 776.9 | 780 |
| DRREDDY | 1193.7 | 1220 |
| EICHERMOT | 4882.25 | 4900 |
| ESCORTS | 3459.95 | 3600 |
| EXIDEIND | 415.35 | 440 |
| FEDERALBNK | 210.47 | 205 |
| GAIL | 187.55 | 195 |
| GLENMARK | 1465.25 | 1520 |
| GMRINFRA | 76.78 | 82 |
| GNFC | 556.35 | 570 |
| GODREJCP | 1181.25 | 1200 |
| GODREJPROP | 2707.45 | 2750 |
| GRANULES | 544.75 | 570 |
| GRASIM | 2547.85 | 2540 |
| GUJGASLTD | 452.5 | 470 |
| HAL | 3986 | 4200 |
| HAVELLS | 1633.05 | 1640 |
| HCLTECH | 1833.45 | 1820 |
| HDFCAMC | 4223.4 | 4300 |
| HDFCBANK | 1740.95 | 1740 |
| HDFCLIFE | 674.4 | 680 |
| HEROMOTOCO | 4759.9 | 4800 |
| HINDALCO | 646.55 | 650 |
| HINDCOPPER | 262.45 | 290 |
| HINDPETRO | 357.8 | 375 |
| HINDUNILVR | 2384 | 2480 |
| ICICIBANK | 1250.15 | 1260 |
| ICICIGI | 1814.75 | 1880 |
| ICICIPRULI | 678.55 | 690 |
| IDEA | 6.95 | 8 |
| IDFCFIRSTB | 63.09 | 66 |
| IEX | 161.4 | 170 |
| IGL | 311.8 | 330 |
| INDHOTEL | 787.6 | 760 |
| INDIAMART | 2250 | 2400 |
| INDIGO | 4063.55 | 4000 |
| INDUSINDBK | 973.8 | 1040 |
| INDUSTOWER | 329.6 | 340 |
| INFY | 1837.5 | 1800 |
| IOC | 130.7 | 140 |
| IPCALAB | 1572.75 | 1560 |
| IRCTC | 794.05 | 820 |
| ITC | 457.05 | 475 |
| JINDALSTEL | 871 | 900 |
| JKCEMENT | 4008.55 | 4000 |
| JSWSTEEL | 943 | 960 |
| JUBLFOOD | 611.55 | 620 |
| KOTAKBANK | 1735.55 | 1760 |
| LALPATHLAB | 3030 | 3100 |
| LAURUSLABS | 489 | 490 |
| LICHSGFIN | 611.2 | 630 |
| LT | 3487.65 | 3600 |
| LTF | 137.79 | 140 |
| LTIM | 5932.7 | 5900 |
| LTTS | 5181.65 | 5150 |
| LUPIN | 2041 | 2100 |
| M&M | 2939.45 | 2900 |
| M&MFIN | 257.35 | 265 |
| MANAPPURAM | 150.75 | 155 |
| MARICO | 590.45 | 600 |
| MARUTI | 10874.95 | 11000 |
| MCX | 6164 | 6200 |
| METROPOLIS | 2013 | 2060 |
| MFSL | 1175.3 | 1200 |
| MGL | 1120.05 | 1160 |
| MOTHERSON | 161.9 | 175 |
| MPHASIS | 2789.45 | 2850 |
| MRF | 123250 | 122500 |
| MUTHOOTFIN | 1903 | 1880 |
| NATIONALUM | 247.14 | 240 |
| NAUKRI | 7545 | 7700 |
| NAVINFLUOR | 3265.1 | 3400 |
| NESTLEIND | 2205.05 | 2280 |
| NMDC | 218.22 | 225 |
| NTPC | 355 | 370 |
| OBEROIRLTY | 1925.9 | 1960 |
| OFSS | 11145 | 11500 |
| ONGC | 241 | 250 |
| PAGEIND | 44476 | 45500 |
| PEL | 1055.75 | 1060 |
| PERSISTENT | 5733 | 5600 |
| PETRONET | 320.7 | 328 |
| PFC | 453.65 | 460 |
| PIDILITIND | 2935.6 | 3060 |
| PIIND | 4126.35 | 4200 |
| PNB | 96.65 | 102 |
| POLYCAB | 6418.8 | 6500 |
| POWERGRID | 324.55 | 320 |
| PVRINOX | 1447.05 | 1500 |
| RAMCOCEM | 914 | 900 |
| RBLBANK | 157.1 | 160 |
| RECLTD | 491.55 | 510 |
| RELIANCE | 1220.9 | 1290 |
| SAIL | 110.85 | 117.5 |
| SBICARD | 675.85 | 690 |
| SBILIFE | 1480 | 1520 |
| SBIN | 780.45 | 800 |
| SHREECEM | 24115.7 | 24500 |
| SHRIRAMFIN | 2809.4 | 2900 |
| SIEMENS | 6654 | 6800 |
| SRF | 2155.9 | 2260 |
| SUNPHARMA | 1774.95 | 1800 |
| SUNTV | 727.35 | 730 |
| SYNGENE | 846.15 | 870 |
| TATACHEM | 1052.5 | 1100 |
| TATACOMM | 1708.6 | 1780 |
| TATACONSUM | 911.85 | 950 |
| TATAMOTORS | 774.45 | 800 |
| TATAPOWER | 409.9 | 420 |
| TATASTEEL | 140.36 | 145 |
| TCS | 4076.9 | 4100 |
| TECHM | 1698.9 | 1680 |
| TITAN | 3182.65 | 3200 |
| TORNTPHARM | 3105.65 | 3150 |
| TRENT | 6432.35 | 6600 |
| TVSMOTOR | 2397 | 2450 |
| UBL | 1818.05 | 1880 |
| ULTRACEMCO | 10944.05 | 11000 |
| UNITDSPR | 1490.6 | 1480 |
| UPL | 558.8 | 540 |
| VEDL | 441.7 | 460 |
| VOLTAS | 1670 | 1700 |
| WIPRO | 557.35 | 560 |
| ZYDUSLIFE | 945.3 | 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.
